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Episode 33 of The Crypto Beat was recorded with The Block's Head of Growth, Tim Copeland, Co-host Kelvin Sparks and memecoin aficionado Murad.Listen below, and subscribe to The Crypto Beat on YouTube, Apple, Spotify, Twitch or wherever you listen to podcasts. Please send feedback and revision reques…
Pump.fun, a Solana‑based meme‑coin launchpad, appears to have started a multimillion‑dollar buyback of its PUMP token, deploying platform fee revenue to soak up nearly three billion tokens less than a week after the coin’s volatile public debut.Onchain data from Solscan shows the project transferred…
Aave said it has become the first decentralized finance lending protocol to exceed $50 billion in net deposits as the onchain sector extended an uptrend that started in late October 2023.Aave is a DeFi platform that enables users to lend and borrow cryptocurrencies without intermediaries. Lenders ca…
A Department of Justice filing aiming to recover fraudulently obtained cryptocurrency may have inadvertently revealed the scam's victims as the CEO and CFO of crypto payment firm MoonPay, as first reported by NOTUS. The filing, which aims to seize around $40,350 in USDT frozen by Tether, reveals tha…
Asian food giant DDC Enterprise (NYSE: DDC) has partnered with Hong Kong-based web3 game developer and venture firm Animoca Brands to help grow out DDC's recently launched bitcoin treasury. Through signing a non-binding memorandum of understanding, Animoca will provide DDC Enterprise with up to $100…
Polymarket saw $1.16 billion worth of volume on the platform for the month of June. This represents a 9.4% month-over-month increase and is also the platform’s highest monthly volume total since January’s $1.26 billion.Meanwhile, the number of new markets on Polymarket increased 21.4%, marking a rec…
Crypto venture firm Paradigm has led a $50 million Series A funding round for Agora, the stablecoin startup that allows other firms to create versions of its U.S.-dollar stablecoin AUSD. The raise follows a $12 million seed round led by Dragonfly in 2024, bringing the total funding to roughly $62 mi…
K Wave Media Inc. (ticker KWM) has announced $1 billion in financing to support its bitcoin acquisition strategy.The total includes a newly signed $500 million convertible note agreement with Anson Funds, as well as a previously disclosed $500 million standby equity purchase agreement with Bitcoin S…
U.S. spot bitcoin exchange-traded funds surpassed $50 billion in cumulative total net inflows on Wednesday, marking the first time this milestone has been reached.According to data from SoSoValue, the 12 funds reported a total daily net inflow of $218 million, raising the cumulative total to $50.16 …
Polygon's POL token rose more than 6% ahead of the network’s major Heimdall v2 upgrade set to take place on July 10.According to The Block's price page, POL gained 6.2% in the past 24 hours, trading at $ 0.20 at the time of writing. POL has a market capitalization of $1.8 billion.POL outperformed th…
Eigen Labs, the core development team behind Ethereum restaking project EigenLayer, has laid off roughly 25% of its workforce to shift focus to EigenCloud.Blockworks reported Tuesday that Eigen Labs laid off 29 employees or about a quarter of the workforce. The project has confirmed the news with Th…
South Korea's Ministry of SMEs and Startups published a notice today stating its intention to amend the existing law on local startups to allow virtual asset trading and brokerage service providers to be registered as "venture companies," which would make them eligible for government benefits.A "ven…