Crypto Guides, Knowledge & Insights

Pump.fun: Booming Meme Platform Halts Live Streaming Amid Controversy

Pump.fun, a meme token launch platform, has experienced extraordinary growth in user numbers and protocol revenue amid the booming meme token market. Data reveals that Pump.fun generated $5.31 million in revenue within 24 hours, ranking second in daily income after USDT issuer Tether.　　Since March, Pump.fun has seen a steady rise in user activity. To date, the platform has accumulated over $250 million in revenue and deployed more than 3.8 million tokens, with growth trends continuing upward.Attention Economy Sparks Chaos　　Pump.funs live streaming feature, launched in August, has recently surged in popularity. While this blockchain-based live streaming model has drawn substantial user participation and generated significant economic benefits, it has also fostered chaos within the ecosystem.　　Meme tokens, as a hallmark of the attention economy, have exacerbated the situation. Many projects employ controversial tactics to quickly garner attention, raising concerns from regulators over legality and ethical boundaries.　　To boost attention and drive token valuations, Pump.funs live streams have reportedly featured violent, disturbing, and explicit content. Growing numbers of users have called for the platform to disable its live streaming functionality, stating that the situation is spiraling out of control.Pump.fun Disables Live Streaming Feature　　Pump.fun addressed the controversy in a community announcement, reaffirming its commitment to

2024-11-26Deep Dive

This Week's Noteworthy Events(Nov 25, 2024-Dec 1, 2024)

Token Unlocks　　Venom (VENOM): Approximately 33.76 million tokens will be unlocked on November 25 at 08:00 UTC, representing 1.79% of the current circulating supply, valued at around $2.2 million.　　Hooked Protocol (HOOK): About 4.17 million tokens will be unlocked on November 25 at 00:00 UTC, accounting for 2.05% of the circulating supply, with an estimated value of $2.3 million.　　ApeX (APEX): Approximately 9.24 million tokens will be unlocked on November 26 at 00:00 UTC, representing 19.09% of the circulating supply, valued at around $17.8 million.　　Ethena (ENA): About 12.86 million tokens will be unlocked on November 26 at 07:00 UTC, accounting for 0.45% of the circulating supply, with an estimated value of $7.8 million.　　Yield Guild Games (YGG): Approximately 14.08 million tokens will be unlocked on November 26 at 14:00 UTC, representing 3.65% of the circulating supply, valued at around $8.6 million.　　Eigenlayer (EIGEN): About 1.29 million tokens will be unlocked on November 26 at 19:00 UTC, accounting for 0.69% of the circulating supply, with an estimated value of $3.5 million.　　Immutable (IMX): Approximately 24.52 million tokens will be unlocked on November 28 at 00:00 UTC, representing 1.47% of the circulating supply, valued at around $40.5 million.　　Crown by Third Time Games (CROWN): About 4.63 million tokens will

2024-11-25Deep Dive

Apple Acknowledges Security Vulnerability, Crypto Users at Risk

The company confirmed on Monday that its devices are affected by a flaw enabling remote execution of malicious code through web-based JavaScript. This vulnerability opens an attack vector that could lead to the theft of crypto-related data from unsuspecting users.　　According to Apple‘s latest security disclosure, users must update their JavaScriptCore and WebKit software to the latest versions to patch the issue. Discovered by researchers at Google’s Threat Analysis Group, the vulnerability allows “processing maliciously crafted web content,” resulting in “cross-site scripting attacks.” Alarmingly, Apple also admitted that the issue “may have been actively exploited on Intel-based Mac systems.”　　Apple issued a similar security disclosure for iPhone and iPad users, stating that the JavaScriptCore flaw enables the “processing of maliciously crafted web content, which may lead to arbitrary code execution.” In other words, hackers could potentially take control of users iPhones or iPads if they visit malicious sites. Apple assured users that updates should resolve the issue.　　Jeremiah O‘Connor, CTO and co-founder of crypto cybersecurity firm Trugard, warned that “attackers could gain access to sensitive data like private keys or passwords stored in browsers,” potentially stealing crypto assets if users’ devices remain unpatched.　　Earlier in March, reports emerged that security researchers had found vulnerabilities

2024-11-22Deep Dive

Countdown to WikiEXPO Dubai 2024 — “Seeing Diversity, Trading Safely”

The exhibition will cover popular sectors including forex, digital assets, online trading, and financial technology. Additionally, WikiGlobal will introduce several events focusing on trading security amid the diverse trends in investment development. Renowned influencers and industry elites from the global investment arena will gather at the WikiFX Community to share their professional insights and experiences, helping investors grasp market dynamics and investment opportunities better.　　Since its launch, the WikiFX Community has attracted widespread attention from industry insiders. As the WikiEXPO Dubai approaches, the platform will host a variety of online and offline events, providing more business opportunities and avenues for participants. Companies are encouraged to collaboration with WikiFX to share resources, expand business networks, and create a more open industry ecosystem, collectively building a healthier and more trustworthy financial market environment.　　The expo is expected to attract over 6,000 attendees, including nearly 100 prominent figures and industry leaders. They come from hot sectors such as forex, digital assets, online trading, and Fintech, bringing cutting-edge information and deep insights.Strong Guest Lineup (Partial List)　　▶ Braden Perry：Partner - Kennyhertz Perry Arbitrator - NFA&FINRA　　▶ Dr. Mohamed Damak: Sector Lead Financial Institutions & Global Head of Islamic Finance　　▶ Hasnae Taleb: Mintiply Capital Managing Partner　　▶ Gustavo Antonio Montero：Founder&Chairman

2024-11-22Deep Dive

WikiBit Industry Insights: Key Crypto Market Trends and Updates

Crypto Market Updates　　This Weeks Hot Topics　　• BTC Reaches New All-Time High: Bitcoin (BTC) has surged to a new peak, touching $97,852 USDT.　　• BlackRock‘s Spot Bitcoin ETF Options Launch on Nasdaq: The official listing of options trading for BlackRock’s spot Bitcoin ETF on Nasdaq has propelled BTC prices upward.　　• Solana Meme Tokens Maintain Momentum: The popularity of Solana-based meme tokens remains strong, with platforms like pump.fun achieving record daily revenues.　　• Decentralized Science (DeSci) Gains Traction: The DeSci sector is attracting market attention, bolstered by endorsements from industry leaders CZ and Vitalik.Market Environment　　This week, BTC‘s price continued its ascent, reaching a new high of $97,852. The introduction of spot BTC options has contributed to this upward trend. The ETH/BTC exchange rate has declined, hitting a low of 0.03187. Historically, BTC’s dominance increases following new highs; currently, BTCs market share stands at 60.49%. Stablecoin market capitalization has reached $186.62 billion, marking a $4 billion increase over the past week.　　The meme token sector is experiencing heightened enthusiasm, with pump.fun reporting record daily earnings, though daily trends are shifting rapidly. The DeSci sector is gaining attention, primarily due to Binance Labs investment in BIO Protocol. CZ has expressed interest in biotechnology adoption, and both CZ

2024-11-21Deep Dive

Solana-Based Trading Terminal DEXX Hacked, Over $21M in User Losses

In the early hours of January 16, the on-chain trading terminal DEXX suffered an attack, with multiple users confirming that their funds were transferred. According to community feedback, the losses from the DEXX hack are estimated to reach tens of millions of dollars. Slowmist founder Cos stated, “The private keys of DEXX users affected by the hack have been compromised, though the method of leakage remains under investigation.” This large-scale breach has delivered a significant blow to the recently thriving on-chain meme market and has once again highlighted the importance of on-chain asset security.　　According to incomplete statistics from Slowmist, as of the November 18 DEXX incident report update, more than 1,100 reports of stolen funds have been submitted by the community. After removing duplicate reports, it was confirmed that over 900 victims were affected, with total losses estimated at $21 million.　　DEXX has announced that a formal lawsuit has been filed, and the Slowmist team is actively assisting law enforcement in the investigation. Meanwhile, DEXX is working on a compensation plan. The platform stated:　　1.If all stolen assets are recovered, DEXX will provide full compensation immediately to ensure user interests are not impacted.　　2.If only partial recovery is possible, the platform will still

2024-11-21Deep Dive

MacBook Users with Intel Chips Urged to Update for Enhanced Security

According to SecurityWeek, Apple has confirmed that macOS systems have been targeted by zero-day attacks and has urgently released major macOS and iOS security updates to address two widely exploited vulnerabilities. Apple stated that these vulnerabilities are being actively exploited on Intel-based macOS systems and urged users across the ecosystem to apply the updates immediately. The recommended updates include iOS 18.1.1, macOS Sequoia 15.1.1, and the older iOS 17.7.2.　　

2024-11-21Deep Dive

South Korea: Upbit Investigated for Over 500,000 KYC Violations

Upbit, the largest cryptocurrency exchange in South Korea, reportedly violated know-your-customer (KYC) rules for over 500,000 identifications, as discovered by the countrys financial watchdog during its license renewal review.　　Maeil Business Newspaper, a local newspaper, reported today that the Financial Services Commission has found that Upbit failed to properly implement KYC procedures for at least 500,000 to 600,000 cases. For example, a user account was opened with a blurred identification card, and some accounts were created without proper verification, the report said. 　　Violations of KYC rules can result in fines of up to 100 million won ($71,740), and Upbit could also encounter challenges with its license renewal.　　

2024-11-21Deep Dive

South Korea to Enforce 20% Crypto Tax in 2025 with Increased Exemption Limit

South Koreas ruling political party intends to push ahead with the plan to tax cryptocurrency gains from the beginning of 2025 instead of approving a further delay, the Seoul Shinmun reported Wednesday.　　Originally, a 20% taxation (22% with local tax) on crypto gains was scheduled to take effect on Jan. 1, 2022. The plan has been pushed back twice to Jan. 1, 2025, due to heavy backlash from investors and industry experts. 　　While there were discussions and proposals of a further delay, with one suggesting a start in 2028, the Democratic Party of Korea (DPK) is committed to implementing the tax plan on schedule, according to the local media report. 　　However, the party is making an amendment to the plan by raising the tax deductible limit from cryptocurrency gains of under 2.5 million Korean won ($1,795) to 50 million won ($35,919). 　　Given the volatile nature of the cryptocurrency market, the amended plan reportedly allows taxpayers to use a percentage of the sale price as a proxy for the original purchase price, in cases where precise acquisition records are unavailable.　　According to the report, the Democratic Party noted that raising the tax exemption limit to 50 million won would be the same as

2024-11-21Deep Dive

Beam Chain: The End of Layer 2? Exploring the So-Called “ETH 3.0” Proposal

Beam Chain is a consensus layer upgrade proposal introduced by Ethereum Foundation researcher Justin Drake at the Ethereum Devcon conference in November 2024. The proposal aims to enhance Ethereum‘s performance and security by introducing faster block times, reducing validator staking requirements, implementing on-chain SNARKs, and incorporating quantum security improvements. The plan, referred to as “ETH 3.0,” has sparked speculation about its potential to displace Layer 2 solutions. But what’s the reality？What is Beam Chain？　　Beam Chain is a proposal specifically targeting Ethereum‘s consensus layer. It includes the following technical upgrades to improve the network’s performance and security:　　1. Faster Block Times: By optimizing the consensus mechanism, the proposal shortens block generation intervals, improving transaction processing speed and user experience.　　2. Reduced Validator Staking Requirements: By lowering the threshold for validators, the proposal encourages more participants, enhances decentralization, and strengthens network security.　　3. On-Chain SNARKs: The integration of zero-knowledge proof technology (e.g., zk-SNARKs) improves transaction privacy and scalability, reduces on-chain data volume, and enhances network efficiency.　　4. Quantum Security Improvements: By adopting quantum-resistant cryptographic algorithms, the proposal aims to mitigate future quantum computing threats, ensuring long-term security.Analysis　　In the early stages of Ethereum, which relied on the Proof of Work (PoW) consensus mechanism, there was no clear

2024-11-19Deep Dive

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