Pumpfun has delayed its token auction and launch again. The event was supposed to happen at the end of June, but now it may take place in mid-July. The team behind Pumpfun had planned this event last year but kept pushing the date forward. The project aims for a $4 billion valuation and continues to sell token shares to major funds.
Meanwhile, the Ink Foundation introduced plans for its INK token. Built on the Optimism superchain, this Layer 2 blockchain will issue 1 billion tokens. Early users of its liquidity protocol will receive airdrops. The platform relies on Aave to build its first use case.
Eigen Labs launched a new service called EigenCloud. It connects Web2 and Web3 apps with blockchain-level trust. This launch comes alongside a fresh $70 million investment from a16z. EigenCloud builds on the EigenLayer protocol, combining data, computing, and dispute tools.
Pumpfun drives forward with the ecosystem
Aptos and Solana now stand as top choices for the US WYST stablecoin program. The state of Wyoming backs this stablecoin with fiat and will use multiple chains. Aptos says its chain already supports three stablecoins and handles billions in volume each month.
The Lisk community will vote in July on whether to burn 100 million tokens. These tokens, worth around $38 million, were created during its migration to Ethereum. If voters approve, the tokens will be destroyed, shrinking the total supply by 25%.
Bybit plans to launch its on-chain DEX, Byreal, by the end of June. It will run on Solana and combine the liquidity of centralized exchanges with DeFi’s openness. Byreal uses a hybrid system to lower slippage and avoid MEV issues.
Crypto faces crashes and comebacks
Fetch.ai will buy back $50 million worth of its FET tokens. The foundation wants to show confidence in the project and sees strong utility in its ASI platform. InfiniCard shut down its services on June 17. The firm blamed high compliance costs and low profits. It will now focus on wealth and asset management.
Polyhedra shared a report on the ZKJ token crash. A coordinated liquidity attack caused the price to drop over 80% in a single day. Major liquidations followed, totaling nearly $94 million.
Lastly, Reddit may adopt World ID, a privacy-preserving identity system from Sam Altman’s team. It scans irises to create unique IDs, allowing anonymous yet verifiable users. Talks remain ongoing.
