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Share link:In this post: Burwick Law and Wolf Popper issued a cease and desist letter to Pump.fun, demanding the removal of over 200 meme coins allegedly infringing on their intellectual property. The firms claim that Pump.fun allowed the creation of meme tokens spoofing their brands as retaliation for a class-action lawsuit filed against the platform on Jan. 30. Despite mounting legal challenges, Pump.fun continues to see record-breaking trade volumes largely driven by Trump-related meme coins.
Share link:In this post: US Bank reported $24 million holdings in Bitcoin ETFs in its latest SEC filing, an increase of $10 million since its last filing. Goldman Sachs announced it held Bitcoin ETFs of over $400 million across different funds last year. US-listed spot Ethereum ETFs recorded increased inflows amid the overall market dip.
Sonic's 31% rebound signals renewed interest and growing momentum. Can it break above key resistance and extend its rally toward $0.59?
- 10:02Glassnode Co-founder: Bitcoin faces potential trend of falling before rising in volatility driven by CPIGlassnode co-founders Yann Allemann and Jan Happel reported through their X account Negentropic, "Today's release of the U.S. Consumer Price Index (CPI) will bring volatility to the market. The value is expected to be higher, but any surprises could trigger market turbulence. Bitcoin is currently hovering around $95,000, but it may drop to the range of $94,000 to $92,000 to absorb liquidity. If this trend holds true, a bullish reversal could potentially bring Bitcoin back into the range of $97,000 to $98,500 - a key area that must be reclaimed before advancing towards the target of $100,000."
- 09:36The account of the founder of Semler Scientific, X, is suspected to have been stolen. A post was made announcing the launch of SMLR tokensThe founder of Semler Scientific, a U.S. listed company, Eric Semler announced on platform X that he has launched the SMLR token on the Solana chain, which shares the same name as its stock code SMLR. However, some netizens in the comments section of the related post suspect that his X account has been hacked. Recently, many well-known people's X accounts have been hacked and used to promote malicious Meme coins. Users are advised to be discerning.
- 09:34Since the TGE, public chains like Starknet have experienced a significant decline, while Hyperliquid has risen by 1100%According to statistics from Messari researcher MONK, since the Token Generation Event (TGE), the token prices of multiple public chain projects have shown significant differentiation: Starknet has fallen by 87%, Mode by 70%, Blast by 85%, zksync by 47%, Scroll by 50%, Dymension by 87% and Berachain by 59%. In contrast, Hyperliquid has risen against the trend with an increase of 1100%. Furthermore, between January and April this year, it is estimated that $17 billion worth of tokens will be unlocked in the market. The recent amount cleared for long positions is close to $10 billion.