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New memecoin launch and trading platform pump.fun has made $5.2 million in revenue over the last 38 days. Pump.fun claims to enable anyone to deploy an instantly tradable new token without seed liquidity for less than $2.
Quick Take Lumoz (formerly Opside) has raised $6 million at a $120 million token valuation. Lumoz plans to launch its token in August, co-founder Jeffrey Yang told The Block.
Ethereum-based crypto investment products flows declined for the fourth consecutive week despite positive flows into the Solana ecosystem.
Worldcoin, the crypto project co-founded by OpenAI CEO Sam Altman, came to fame by offering incentives to create verifiable IDs using its eyeball-scanning Orbs. The TON ecosystem is now being offered something similar — with TON Society and HumanCode teaming up on a Toncoin initiative worth more than $5 million using palm scanning for proof of personhood.
Global crypto funds have hit record annual inflows of $13.8 billion year-to-date, adding another $646 million last week.However, there are signs of “ETF hype moderating,” according to CoinShares Head of Research James Butterfill.