LetsBONK became the first Solana memecoin launchpad to dethrone Pump.fun since the latter platform launched in January, 2024.
The Trump family received an estimated $390 million from World Liberty's token sale and $150 million from the Official Trump memecoin launch.
Moonshot added Apple Pay support for launching new memecoins on June 27, expanding its iOS application beyond buying and trading tokens to include a creation workflow that requires only a photo upload and a tap on the “Create” tab. Branded Moonshot Create, the product allows any user to mint a Solana-based coin by submitting an […]
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DeFi Dev Corp and the Dogwifhat community will split staking income and other validator rewards after deducting operational expenses.
Pump.fun’s latest delay has rattled its backers. The Solana‐based memecoin launchpad was set to raise $1 billion at a $4 billion valuation on June 25. Now, the team says the sale will slip into mid‑July. Related Reading: Dogecoin Breaks Free—Could Soar 60%, Analyst Says There’s no clear reason for the hold‑up, and users are on edge. Investors who queued up months ago are left wondering if they’ll ever see a token in their wallets. Token Sale Pushed Into Mid‑July According to reports on June 20, Pump.fun first hinted at raising $1 billion at a $4 billion valuation. The sale was supposed to start on June 25. Instead, the launchpad now aims for mid‑July. That’s at least a 10‑day shift, and possibly longer. Users who planned around the June date have to sit tight again. Frustration is growing in online chat groups, where some members point fingers at the core team for poor communication. Exclusive: The Pumpfun token auction and listing, originally scheduled for June 25, has been postponed again and is now expected to take place in mid-July. Sources familiar with the matter disclosed that since Pumpfun began planning to issue and auction tokens late last year,… pic.twitter.com/UD0xIb45FA — Wu Blockchain (@WuBlockchain) June 20, 2025 Lawsuit Accuses Platform Of Securities Violations On January 15, Burwick Law filed a class action lawsuit against Pump.fun. The complaint alleges the platform acted as an unregistered securities exchange. It also claims that Pump.fun pumped token prices to lure in retail investors. According to the complaint, many users saw their holdings plunge in value after the hype died down. Max Burwick, the firm’s founder, called the platform “a modern pyramid scheme dressed as a viral meme economy.” Trademark Claims Lead To Cease‑And‑Desist Based on reports from February, Burwick Law teamed up with Wolf Popper LLP to issue a cease‑and‑desist order. They argue that several user‑generated memecoins on Pump.fun infringe on trademark rights. That move opened another front of legal risk. Projects tied to big brands or franchises suddenly faced takedown notices. Pump.fun says it’s beefed up its legal team, but it hasn’t shared details on how it plans to settle trademark disputes. IT’S NOT JUST PUMP FUN! ???? Major CT suspensions (Ongoing Tracker) Here’s what we’ve got so far ???????? GMGN-Linked Accounts@gmgnai @haze0x — Founder@arthur_gmgn — Co-founder@Ga__ke — Affiliate (?)@brc20niubi — Affiliate@Wolfy_XBT — Affiliate@0xcryptowizard — Affiliate… pic.twitter.com/u5WbYP3rJD — Øtto⚡️ (@0xottoman) June 16, 2025 X Account Suspensions Raise Eyebrows On June 16, Pump.fun’s official X accounts were locked without warning. An X user known as Otto logged more than 30 profiles that went dark, including handles linked to GMGN and Bloom trading groups. The accounts came back online after a few days, but no one got an explanation. Related Reading: Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight Some users suspect a regulator asked for the takedown. Others think it was trademark owners flexing their muscles. Either way, the episode fed more chatter about external pressure on the platform. Featured image from Pexels, chart from TradingView
Dogecoin edged up slightly to $0.17 on Friday, gaining 1.0% in the last 24 hours. Trading has thinned out this week, and Dogecoin has slipped almost 3% over the past seven days. Based on reports, investors are moving carefully as volume dropped 30% to about $678 million. Related Reading: Iran’s Top Crypto Hub Loses $82 Million To Hackers With Israeli Links—Details Trading Volume Drop Signals Caution According to on‑chain data, the slump in daily volume shows fewer traders are stepping in. That 34% slide in activity suggests a loss of momentum. Some market watchers say low volume often leads to whipsaws. When fewer coins change hands, even modest buys or sells can push prices sharply in either direction. #Dogecoin $DOGE looks prime for a 60% price move! All you need to do is wait for a daily close outside of the $0.16 to $0.22 range to determine the direction of the trend. So go to @coinexcom, sign up using my referral link https://t.co/73n8mWavUX, and join me in this trade! pic.twitter.com/Im27DBuBka — Ali (@ali_charts) June 19, 2025 Triangle Pattern Points To Imminent Breakout On charts stretching from early 2024 into mid‑2025, Dogecoin fits a symmetrical triangle. Prices have carved lower highs and higher lows as trendlines converge. Data from crypto analyst Ali shows, this narrowing range often precedes a major move. He notes the tip of the triangle is due by June 2025, which puts a deadline on when volatility should pick up. DOGE Bulls Eye Breakout According to Ali’s analysis, a daily close above $0.22 likely signals a bullish breakout. If that happens, he sees Dogecoin reaching roughly $0.35 or $0.36—about 60% higher than current levels. On the flip side, a drop below $0.16 could spark a sell‑off toward $0.10. Investors are watching those exact levels to decide whether to join buyers or cut losses. DOGE Price Forecast Digital Coin Price is on the optimistic end. They predict Dogecoin could go past $0.37 before year‑end and even test its old high of $0.74 again. Market Catalysts Could Tip The Scales Dogecoin’s swings often mirror the wider crypto space or follow social media buzz. A surge in Bitcoin or Ethereum prices could carry DOGE higher, while a broader sell‑off would magnify losses. Some traders also keep an eye on endorsements from well‑known figures and major exchange listings. Related Reading: Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight For now, patience may pay off. Traders will look for volume to confirm any move past $0.22 or under $0.16. Until then, expect choppy range‑bound action. The next few weeks will be critical as the symmetrical triangle tightens. If volume steps back in, Dogecoin could pick a clear direction—either a strong rally or a deeper correction. Featured image from Imagen, chart from TradingView
Pump.fun has delayed its public token sale once again, extending months of uncertainty for users and investors as the popular Solana-based launchpad wrestles with a flurry of lawsuits, Colin Wu reported on June 20. Pump.fun had aimed to raise $1 billion at a $4 billion valuation through its token auction originally set for June 25. The […]
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TikTok has publicly denied allegations that it bought $300 million worth of TRUMP memecoins to sway US President Donald Trump. The company addressed the claims on June 19 in a post on X, labeling the accusation “false and irresponsible” and aimed at misrepresenting its actions. The statement followed comments by US Congressman Brad Sherman, who […]
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Sherman had accused TikTok's owners of effectively bribing President Trump in reference to its looming U.S. ban.
As geopolitical tensions in the Middle East continue to impact cryptocurrency prices, with Bitcoin (BTC) recently dipping below the $105,000 mark, market analyst VirtualBacon has shared insights suggesting that altcoins are gearing up for a potentially robust summer. Emerging AI Memecoins In a recent update on social media platform X (formerly Twitter), he highlighted several promising developments within the altcoin space. VirtualBacon pointed to an emerging wave of AI-focused Layer-1 blockchain projects, many backed by prominent figures in both the cryptocurrency and traditional finance sectors. He mentioned several names to watch, including Sahara Labs, Sentient AGI, and Gaianet, among others. While these projects have yet to release tokens, many are expected to conduct airdrops or early access rounds, presenting opportunities for early investors. Related Reading: On-Chain Analyst Warns: Bitcoin Peak Expected, Altcoins Facing -95% Plunge For those seeking “higher-risk, high-reward investments,” VirtualBacon noted the impressive performance of artificial intelligence (AI) agent memecoins. He cited the launch of IRIS, which skyrocketed from a $220,000 fully diluted valuation (FDV) to $120 million, representing a 600x return. Platforms such as Virtuals, CreatorBid, and SeedifyFund are turning user engagement into allocation opportunities, likening this phenomenon to a form of airdrop farming on steroids. In addition, VirtualBacon highlighted a relatively overlooked area: Bittensor subnet tokens. He mentioned that seasoned investors can now acquire early-stage subnets directly on Bittensor’s chain, with projects like SN65_TPN and inference_labs raising capital through token auctions at valuations below $4 million. Stablecoins Take Center Stage Turning to real-world assets (RWAs), VirtualBacon advised focusing on mid-cap infrastructure projects with tangible revenue streams. He pointed to CHEX and CPOOL, which has shown consistent upward movement, as examples of promising investments. Another emerging narrative is the merger and acquisition activity involving public companies and crypto projects. VirtualBacon noted that Tron is set to go public through a Nasdaq reverse merger, while Mixie has been acquired by Netcapital, which boasts a team that includes notable figures like Tim Draper and a co-founder of Helium. A particularly intriguing development is World Liberty Financial (WLF), co-founded by Eric and Donald Jr. Trump, which aims to become a major player in the decentralized finance (DeFi) space. With plans for its own stablecoin, USD1, and expected to launch in October, the token could have an estimated FDV of $10–15 billion, a conservative projection given its potential. VirtualBacon also pointed out that stablecoins are becoming central to macroeconomic strategies. Tether now ranks as the fifth-largest holder of US Treasuries, highlighting the increasing need for buyers in the market. The analyst urged investors to keep an eye on stablecoin projects that integrate artificial intelligence technology and yield generation, such as USD1, Circle’s USDC, and others. Liquidity Shifts To Altcoin Platforms In the gaming sector, liquidity is coalescing around BlackholeDex, a decentralized exchange (DEX) backed by the AVAX Foundation. With a fee-sharing model similar to Aerodrome and Shadow, BlackholeDex has launched veNFT staking, aligning long-term incentives for users. Related Reading: Ethereum Slows Down In June: Historical Data Says More Losses To Come Lastly, in the Solana ecosystem, Saros DLMM is emerging as a strong competitor to existing platforms like Jupiter and Meteora, utilizing similar bucket-based liquidity pools but with lower fees. It also plans a RADY meme airdrop for SAROS stakers, which could attract early adopters and fuel rapid growth, thus closing the list of highlighted altcoins. As of this writing, Ethereum, the market’s leading altcoin, is trading at $2,521. It has consolidated above this level after dropping sharply from its two-week high of $2,878. Featured image from DALL-E, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The official Pump.fun account and the personal handle of its founder Alon Cohen were seemingly suspended by X on June 16, along with a cohort of other accounts tied to the memecoin sector. As of press time, neither X nor the people behind the suspended accounts explained the reason for the suspensions. Users noticed that […]
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Two wallets linked to Solana-based Kled AI (KLED) moved 58.25 million KLED out of an address between May 31 and June 7, then dispersed the tokens across 99 new wallets a few days after announcing a buyback plan. According to a June 10 report by Dashcoin Research founder Nicholas Wenzel, the amount moved was worth […]
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U.S. President Donald Trump, who ventured into crypto during his presidential campaign last year, earned over $58 million from crypto ventures in 2024. Trump’s mandatory 2025 financial disclosure report filed on Friday detailed his earnings from all businesses between Jan. 1 and Dec. 31, 2024. In the filing, Trump reported employment-related assets worth a minimum […]
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The Shiba Inu development crew has rolled out a new tech layer that could shift how people use SHIB. According to reports, the beta version of Shib Alpha Layer went live on June 12, 2025. It’s made in partnership with ElderLabs, and it got built without any VC backing. Now users can test it before the full launch. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Shib Alpha Layer Beta Launch Based on reports, the Shib Alpha Layer brings all the separate rollups in the ecosystem under one hood. You won’t need to jump from bridge to bridge. You transact as if you’re on a single chain, even though dozens of rollups run beneath the surface. The project reached beta in record time, and the team says they did it all with their own funds. User Friendly Experience Users can pay fees in SHIB, BONE, or any token they hold. That cuts out the problem of having to swap tokens just to cover gas. You’ll also get near‑instant finality, so transactions show up almost right away. Those features may seem small, but they could pull in people who find current rollup setups clunky and slow. Shiba Inu: Security And Privacy Features Shib Alpha Layer uses ZAMA’s Fully Homomorphic Encryption. That lets smart contracts run on encrypted data, so the logic stays private. It’s rare to see FHE live in a crypto network, but the beta is already up and running. Security audits have been promised before the public release, which should ease some worries about bugs or hacks. Today we flip the script. For years we’ve been called “just a meme,” spammed with Wen Shibarium?, and drowned in FUD from bots, burnt deadweight ex-team but instead of arguing, we shipped. Introducing Shib Alpha Layer (beta) — our rollup abstraction stack built with ElderLabs… — Kaal (@kaaldhairya) June 12, 2025 Integration With Shibarium Shibarium is set as the settlement layer under this new system. According to lead developer Kaal Dhairya, every rollup becomes an L3 network, picking up the security that Shibarium offers. Future updates will open up rollup deployment to everyone and boost multi‑chain links. Instant bridging is on the roadmap, too, so moving assets between chains could happen in a click. READ THIS: https://t.co/zZcjV0VhHv — Shytoshi Kusama™ (@ShytoshiKusama) June 13, 2025 The team’s main coder, Kaal Dhairya, pointed out that early critics called SHIB a joke coin. They’d ask “Wen Shibarium?” and spread fear, uncertainty and doubt. He said those jibes didn’t slow them down. Instead, they focused on building. Related Reading: Bitcoin Is Just 0.2% Of Global Wealth — And That’s Why It’s Not Too Late: Analyst Shytoshi Kusama, another lead developer, popped back on X after a few weeks off to highlight this work. He’s been drafting a whitepaper on how AI could team up with the Shiba Inu network. He also flagged Shiba’s new Web3 gaming push on Astra Nova’s TokenPlay.ai. Calling an end to SHIB’s “meme era” is a bold claim. But if the new layer works smoothly, it could mark a shift in how people think about Shiba Inu. Either way, June 12, 2025, will go down as the day this project vied for more than just the dog coin tag. Featured image from Unsplash, chart from TradingView
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Related Reading: TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin Growth Forecast Details According to Bloomberg, Bessent said a leading industry group expects the stablecoin market cap to top $2 trillion. He called that view “very reasonable.” It would mean backing up to $2 trillion in tokens with US Treasury Bills. Based on reports, Citigroup analysts think issuers might buy an extra $1 trillion in those bills by 2030. Treasury Secretary Scott Bessent said that dollar-linked stablecoins could hit $2 trillion or even more as he reiterated the potential for these digital assets to strengthen the greenback’s position https://t.co/HwVRu0aPkT — Bloomberg (@business) June 11, 2025 Backing Rules Move Forward Lawmakers voted to advance a key amendment to the GENIUS Act, which would force stablecoin issuers to hold reserves in top-tier assets. The amendment won cloture yesterday. That clears the way for a final vote, likely early next week. Supporters say the change will boost confidence by ensuring every dollar-linked token has real backing. Market Size Today Right now, the total stablecoin market sits at about $255 billion. Dollar-pegged coins make up roughly $233 billion of that. That equals 90% of the whole market. The top nine dollar-pegged coins include USDT, USDC, USDe, DAI, USD1, FDUSD, PYUSD, TUSD, and USDD. They account for nearly all stablecoin activity. Challenges Ahead Regulators have work to do. If the GENIUS Act stalls or changes, issuers might head to friendlier markets. There’s also a risk that a handful of big players could dominate. That could create new “too big to fail” worries if a major issuer faces trouble. Plus, tech glitches and smart-contract bugs could still trigger runs on tokens. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC If stablecoin use really takes off in cross-border payments and decentralized finance, the US dollar could win new fans overseas. Every $1 trillion in token issuance backed by Treasury Bills might add to demand for US debt. But the path isn’t guaranteed. Lawmakers must iron out rules that balance safety with innovation. Issuers need strong risk plans. And users must see clear benefits beyond speculation. For now, the market is small compared with the broader financial system. But the shift toward programmable money keeps pace. Featured image from Sygnum Bank, chart from TradingView
Tron’s blockchain just added a USD1 stablecoin from World Liberty Financial Inc. That move put the spotlight back on TRX. And traders are paying attention to what comes next. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC Significant Price Movement According to trading data, TRX climbed 6% on Tuesday. It broke above the $0.2875 level on the daily chart before hitting resistance at $0.2980. A clean break past that hurdle could send the token toward $0.3230, the 50% Fibonacci retracement level. Currently, TRX trades around $0.2920, sitting between support at $0.2808 and the 23.6% Fib mark of $0.2645. The first USD1 has officially been minted on TRON — a small step for USD1, a giant leap for stablecoins!https://t.co/KMLg8NcXw8 — H.E. Justin Sun ???? (@justinsuntron) June 11, 2025 High-Profile Stablecoin Launch Based on reports from World Liberty Financial Inc., the new USD1 stablecoin is now live on Tron. The issuer has ties to US President Donald Trump, and Justin Sun—Tron’s founder and the largest holder of the Trump Token meme coin—called the launch a “giant leap for stablecoins.” Sun also joined a White House dinner for top Trump Token holders. This link to big names has drawn fresh eyes to Tron’s ecosystem. On-Chain Growth Signals According to DeFiLlama, the total value locked on Tron reached over $5 billion. On June 6, the network saw 4.50 million returning user addresses. Those stats suggest people keep coming back to DeFi apps on Tron, but it’s worth watching whether those funds stay in place or chase higher yields on other chains. Bullish Bets in Derivatives Based on CoinGlass data, TRX derivatives open interest rose by 8.25% over the past 24 hours to $329 million. The weighted funding rate open interest rose to 0.0098%, indicative that bullish long positions are greater than shorts. Short liquidations in the past day were almost double that of longs, which settled a bearish bet wave. Technical analysis supports this positive perspective. The RSI on the daily chart is inching up to the overbought region, indicating heightened buying pressure. A recent MACD crossover drove histogram bars into positive territory, which means momentum has favored the buyers. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Meanwhile, traders will keep a close eye on Bitcoin’s moves too. A pullback there could drag altcoins lower, while a fresh rally could lift TRX even more. For now, the combination of a big-name stablecoin launch, rising TVL, swelling open interest and positive technical signals gives Tron fans reason to watch for a potential breakout. Featured image from Getty Images, chart from TradingView
Trading will start on Thursday at 12 p.m. ET once they meet liquidity conditions, enabling trading pairs of FARTCOIN-USD, CAKE-USD and SQD-USD.
According to crypto entrepreneur Edoardo Farina, most individual XRP holders could find themselves shut out as inflation and tight budgets squeeze their options. He argues that owning more than 10,000 XRP – which costs about $23,100 at a price of $2.31 per token – has become a barrier for anyone living paycheck to paycheck. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC Rich List Data Reveals Concentration Based on reports, there are about 6.55 million XRP wallet addresses in existence. Less than 4% of those wallets contain at least 10,000 XRP. A clear majority, over 5 million addresses, hold 500 XRP or fewer. That gap shows how stacked the system is. More than 166,250 wallets sit in the 10,000–25,000 XRP range. Another 159,566 wallets carry between 5,000 and 10,000 XRP. These figures point to a small group with deep pockets, while the rest trail far behind. Owning more than 10,000 $XRP nowadays is already a luxury few people can afford. — EDO FARINA ???? XRP (@edward_farina) June 9, 2025 Inflation Pressures Hit Small Holders Farina warns that rising inflation is forcing ordinary holders to sell just to cover daily needs. He notes, “We’re already seeing people around the world selling their XRP just to buy groceries.” When basic goods cost more each month, people feel they have no choice but to cash out their crypto. It’s a harsh reality. Owning large amounts of XRP has morphed from a luxury into a struggle for survival. Threshold Debate Heats Up He first said 95% of XRP holders risk being priced out. Now he’s raised that warning to 99%. That jump has sparked debate. Some worry it feeds a fear of missing out on a “10,000-XRP club,” while others see it as a wake-up call. Farina questions whether Bitcoin’s rally to about $112,000 really reflects growth, or simply the dollar losing its value. He frames the issue as a tug-of-war between crypto gains and fiat losses. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says Calls For New Income Streams Instead of selling crypto, Farina urges holders to find extra income. He suggests side hustles or online work as ways to avoid cutting into holdings. “If you truly believe XRP has long-term value, selling it now for groceries is exactly what they want you to do,” he said. His advice pushes people to rethink how they earn and where they live. Crypto markets can move on legal news and product launches, not only inflation. Ripple’s ongoing court case and ETF filings could change XRP’s path. Still, Farina’s message taps into a broader concern: the gap between small and large holders may widen as prices climb. Retail investors can still join in. They just need to pace their buys and stay aware of both crypto trends and everyday costs. Featured image from Imagen, chart from TradingView
Argentina’s Anti-Corruption Office has determined that President Javier Milei did not violate any ethics laws when he promoted the Solana-based LIBRA memecoin in February. In a resolution issued on Friday, the office declared that Milei’s Feb. 14 X post constituted a personal statement rather than an official announcement as a public servant. Therefore, Milei’s post […]
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Pi Network members are becoming increasingly agitated after they found zero balances of their tokens in their wallets. They went through KYC verifications and switched to mainnet as directed. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says However, numerous users find nothing in their accounts. The problem has caused a wave of complaints on the internet and a call for concrete explanations. Users Report Missing Pi Balances According to community reports, hundreds of posts show zero tokens even after following every step. Some users say they waited days. Others say they’ve waited weeks. All of them finished KYC and locked in their accounts on mainnet. Yet their wallets still read “0.00 Pi.” The lack of visible tokens has left many feeling shut out. Stop talking nonsense. I don’t want to hear it. Give me back that damn $Pi. I’ve worked hard for six years. You still haven’t mapped it for me until now. What’s your reason for constantly delaying? Mapping is the right of every pioneer. Hurry up and map it #Pinetwork Oh my god. pic.twitter.com/FBQiWAPtwF — HaiFeng Chen (@haifeng8283) June 5, 2025 Wallet Confusion Deepens Concern Based on reports, some accounts now link to more than one wallet address. That has users scratching their heads. One person found two wallets under the same profile. Another spotted three. It’s raising questions over how safe the system is. Users are worried they might lose tokens or fall into a trap. Foundation Moves 277 Million Pi Coins Blockchain data shows that the Pi Foundation’s wallet ending in “ODM” transferred 276,500,000 Pi coins recently. A withdrawal of 7,380,000 Pi by the same address happened today. According to on-chain records, weekly withdrawals of large amounts have taken place from OKX exchange. The purpose of these moves remains unexplained by the Pi Core Team. Community Demands Clear Answers Community members note it’s been three months without a detailed update from the project’s leaders. They want dates, explanations, and plans. Some posts urge the team to post a public timeline. Others demand live Q&A sessions. The calls are loud enough to push the topic onto the trending list on social media. Team Issues Wallet Safety Tips Pi Network’s support channels recently posted a list of wallet safety tips. They discussed good practices for passwords and how to identify phishing. But they failed to address why tokens are concealed. The tips also failed to discuss the sudden emergence of numerous wallets per user. Related Reading: Bitcoin To Hit $180,000 In 2025? Analyst Highlights The Trigger What Happens Next Based on user feedback, the project will likely face pressure in the coming days. Some community members say they will pause mining until they see their balances. Others say they’ll shift their attention to rival projects. Nothing has been confirmed by the Pi Core Team beyond the safety note. It remains unclear when users will see their Pi tokens or receive a full breakdown of those massive transfers. The situation will be one to watch as the network works to rebuild trust. Featured image from Unsplash, chart from TradingView
According to social media buzz, the growing clash between Elon Musk and US President Donald Trump has sent ripples through the crypto world. Musk’s public swipe at a recent spending bill kicked things off. Then came Trump’s warning to yank Musk’s government contracts. It got messy fast. And now, some believe XRP could come out on top. Related Reading: Bitcoin Network Activity Booming Despite A Quiet Market—Data Elon Musk-Trump Feud Spurs Crypto Talk Musk took to Twitter on June 4 to slam what he called reckless government spending. His post warned of “serious economic risks.” Not long after, Trump fired back. He threatened to pull subsidies and contracts tied to Tesla. That response sent Tesla’s stock tumbling. Investors watched $150 billion in market value vanish in a matter of hours. Market Moves And Price Swings Based on reports, Bitcoin slid more than 5% following the news. It dropped to a low of $100,550 before finding a bit of footing near $102,400. XRP wasn’t spared either. It fell alongside other major coins, though the exact drop varied across exchanges. Traders saw quick declines, then a modest rebound as the dust settled. I believe @elonmusk will do anything to make @Ripple $XRP as a chosen one and use it on @x while knowing that @EricTrump, @DonaldJTrumpJr, and @realDonaldTrump will watch @worldlibertyfi and @bitcoin crashing in front of their eyes. Right, @elonmusk? — Joshua Dalton (@J9Dalton) June 5, 2025 XRP Community Weighs In Joshua Dalton, who founded tech services firm TRIBLU, stirred the pot with a bold claim. He suggested Musk might choose XRP as the main currency for X’s upcoming payment system, X Money. Dalton argued that Musk “will do anything” to make XRP the go-to token. He tagged Ripple, Musk, US President Trump, and Trump’s sons in a single post. That move framed the drama as more than just politics—it became a showdown of crypto loyalties. Technical Fit For X Money XRP provides quicker settlement and reduced fees than Bitcoin. In 2021, Musk suspended BTC payments for Tesla due to high energy consumption and centralized mining concerns. That move proved he’s not afraid to change course when a coin isn’t aligned with his objectives. Related Reading: Bitcoin To Hit $180,000 In 2025? Analyst Highlights The Trigger In October 2024, Musk even referenced XRP in a viral video. He spoke of crypto like XRP potentially resisting central control, but he did not go so far as to make a full endorsement. With X Money scheduled to roll out later in 2025, XRP’s architecture for cross-border transfers could mirror what Musk is looking to create. Some analysts point out real hurdles. Ripple still holds a large chunk of XRP, and US regulators are watching closely. Any big move would need legal green lights and deep liquidity on exchanges. But for now, the idea of an “everything app” powered by XRP keeps popping up in crypto chats. Featured image from Shutterstock, chart from TradingView
President Donald Trump and Elon Musk’s fallout caused a major spikes in memecoin launches and trading, with the largest tokens by trading activity generating over $355 million in volume over the past 24 hours, according to DEX Screener data. As traders seized on the pair’s high-profile social media clash using Solana’s ecosystem, Official Trump (TRUMP) […]
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Eric Trump announced that World Liberty Financial, the DeFi platform linked to President Donald Trump and his family, will take a significant treasury stake in the Official TRUMP memecoin. He also confirmed that the controversial Trump-branded wallet recently unveiled by the team behind the memecoin would not continue development. Wallet project nixed The announcement comes […]
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Dogecoin took a hard hit this week as tensions flared between Elon Musk and US President Donald Trump. Prices slid sharply, and red numbers dominated the market. Traders who had been riding the hype found themselves on the losing end. It was a week many will remember for how politics and memes intersected in unexpected ways. Related Reading: $500M Bet On Solana: Education Platform Aims To Supercharge Its Treasury Musk And Trump Clash According to public posts, Elon Musk officially left the Department of Government Efficiency (DOGE) on Thursday. That move came after he criticized Trump’s spending bill. He had been co-leading that department since late 2024. Their back-and-forth heated up after Trump said he was “very disappointed” in Musk. ????TRUMP: “I’m very disappointed with Elon. I’ve helped him a lot. He knew the inner workings of the bill better than anybody sitting here. He had no problem with it. All of a sudden he had a problem & he only developed the problem when he found out we’re going to cut EV mandate” pic.twitter.com/aeCcmCAODQ — DogeDesigner (@cb_doge) June 5, 2025 In response, Musk claimed Trump would not have won the election without his support. Then Trump called Musk “CRAZY” and threatened to cancel Tesla and SpaceX contracts. Musk fired back on X with, “Go ahead, make my day.” He even warned he might decommission SpaceX’s Dragon spacecraft. Musk Mentions Epstein Documents Based on posts on X, Musk also said that files about Jeffrey Epstein’s case have stayed secret because Trump’s name appears in them. That claim added another layer to the feud. It wasn’t just about spending anymore. Now there was an allegation tying the US President to sealed Epstein investigations. Trump replied that he would pull any contracts with Musk’s companies. Time to drop the really big bomb:@realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT! — Elon Musk (@elonmusk) June 5, 2025 Dogecoin Price Plunge Based on reports, Dogecoin fell about 11% on Thursday alone. Over the past week, it was down 16% from its recent highs. Traders pointed to Musk’s political exit as a key factor. Many still see Dogecoin as “the people’s crypto” because of Musk’s early support. But without his backing in that government role, sentiment soured quickly. It’s a coin that has no real asset behind it, so any shift in hype can send prices tumbling. A drop of this size is rare, yet it felt inevitable once the Musk-Trump feud spilled into public view. Tesla Shares Slide Elon Musk’s companies did not escape the fallout. Tesla stock closed down 13% on Thursday. That tumble came after Trump signaled he would pull federal contracts from any company owned by Musk. Investors feared lost revenue and stiffer regulatory oversight. Tesla shares had been riding high this year, but angry tweets from Trump were enough to shake confidence. Even a short phrase on X can move markets—especially when it involves a figure as polarizing as Trump or Musk. Related Reading: Bitcoin Reserve Gets Military Nod, Senator Predicts Explosive 10-Year Surge Crypto Market Liquidations Meanwhile, the broader crypto market also felt a jolt. According to Coinglass data, total liquidations reached $982 million in a single day. Of that, long liquidations—bets on rising prices—totaled $881 million. Short positions, or bets expecting prices to fall, saw losses of $100 million. That level of liquidation is striking, and it showed how quickly nerves can fray when big personalities clash. Bitcoin and many altcoins slid alongside Dogecoin, creating a chain reaction of forced sell-offs. Featured image from Allison Robbert and Saul Loeb/AFP, chart from TradingView
Pump.fun is allegedly considering a revenue-sharing mechanism for its native PUMP token, according to two sources familiar with the matter.
Although no date has been set, tokens that appear on the roadmap typically go live within weeks, and traders are betting that the same playbook will repeat.
World Liberty Financial (WLFI), the crypto venture associated with President Donald Trump and members of his family, has issued a cease-and-desist letter to the creators of a newly announced Trump-branded crypto wallet, Bloomberg News reported on June 5, citing a person familiar with the matter. The letter, reportedly sent to Fight Fight Fight LLC, the […]
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Cardi B’s recent post about the meme token Wet A*s P*ssy (WAP) turned into a dramatic market shakeup. Within minutes, WAP’s market cap plunged from $2 million to just $150,000. The token’s price shot up to $0.0020 briefly, then tumbled over 90% back to $0.00019, wiping away almost all of this week’s gains. Related Reading: Is $250K Bitcoin Possible This Year? This Research Chief Thinks So Celebrity Tweet Sparks Chaos According to reports, Cardi B shared a wallet address on her official X account with the caption “even wetter than last time.” That single message sent ripples through the crypto world. Prices leaped, then crashed. Market watchers were left scratching their heads as billions of dollars in value seemed to vanish in mere moments. Suspicious Wallet Activity Blockchain trackers spotted something odd. A handful of wallets bought big chunks of WAP just five days before the tweet. They offloaded their tokens almost immediately after Cardi B’s post, banking roughly 10 times their original stake. So today, @iamcardib remembered that she still held a large portion of the $WAP supply and decided to run another pump and dump. The token went from 2.5M to 139k a couple of minutes after the tweet The dump was triggered by some wallets that bought the token around five days… pic.twitter.com/7Nwr27rcZA — dethective (@dethective) June 3, 2025 These sudden sells helped push the token’s price back down to around $0.00019. Based on reports, this pattern looks like a classic pump-and-dump. It raises questions about whether insiders planned the entire move. POV you might owe millions pic.twitter.com/j9FGLgoSBM — ZachXBT (@zachxbt) June 4, 2025 History Of WAP Controversies This isn’t the first time WAP caused trouble. Back in October 2024, Cardi B gave it a shout-out, and security firm PeckShield flagged the token for possible malicious deeds. That earlier buzz even led to an investigation by the UAE’s Securities and Commodities Authority after investors raised alarms over fraud and market manipulation. Many in the crypto community thought everyone would steer clear this time. Instead, the past slipped from memory, leading to heavy losses all over again. Investors Left Holding The Bag In the last 24 hours, WAP’s value dropped another 80%. Now it trades near the same levels it was at the end of May. Everyday traders who jumped on the hype found themselves staring at red numbers. Based on reports, some wallets walked away with tenfold returns in minutes. Meanwhile, others ended up with nearly worthless tokens. The speed of this rise-and-fall serves as a harsh reminder: if you buy a token right as it peaks, you might be stuck when the next crash hits. Related Reading: $500M Bet On Solana: Education Platform Aims To Supercharge Its Treasury Cardi B’s follow-up post clarified that her account was not hacked, promising more from “$WAP space” soon. Yet this explanation did little to calm nerves. Critics say it’s hard to separate the artist’s genuine interest from a planned marketing push. Some point out that even if she didn’t directly benefit, her endorsement gave insiders exactly the spotlight they needed to unload their shares. Featured image from Andrew Kelly/Reuters/USA Today, chart from TradingView
Pump.fun plans to raise $1 billion through a token sale that would assign the Solana-based memecoin launchpad a $4 billion fully diluted token valuation, Blockworks reported on June 3, citing two people familiar with the matter. Sources said the offering will target both public and private buyers. However, they did not specify whether the new […]
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