RaaS #447: Pump Fun Announces ICO Date!

Monad Acquires Portal, Warren Unveils Crypto Standards, and Moar!

GMX got drained for $42M in what looks like a re-entrancy exploit tied to abnormal GLP minting. No official postmortem yet.

Pump.fun is launching PUMP on July 12 via ICO. Short at launch, or will this pump? (pun intended)

Kaito’s Earn leaderboards are great at farming Day 1 buzz, but post-TGE performance tells a different story. SOON is down 66%, SKATE 37%. Hype loops without usage don’t stick, and CT’s memory is even shorter than that of a goldfish.

Kaito and Bybit are offering huge rewards to people who produce high-quality content mentioning Bybit, xStocks, CFD, and TradFi. What do we think of this, chat?

Spark’s Ignition Airdrop is live for Ethena users who held $5K+ USDe or SUSDe in March. Claim, stake, and enter “Overdrive” for SPK rewards. Another day, another airdrop missed.

a16z’s latest crypto podcast explores why marketing in Web3 is more challenging than in Web2. Memes matter, devs are the audience, and hype without community won’t stick. With 100M tokens in play by 2025, the noise is only getting louder.

Tanssi Network is live, letting teams spin up Ethereum-secured appchains in minutes. With 57M testnet txns and TANSSI now trading on major exchanges, it’s aiming to make modular infra less of a dev headache and more of a launch button.

Shower? In this economy?

Weed surpassed 10,000 followers and dropped a cinematic counter-to-logo reveal to mark it. In this lane, products are the vibes. (If you catch my drift)

Circle and OKX are teaming up to offer zero-fee USD-to-USDC ramps for 60 million users, boosting stablecoin access as the market hits $251.7B.

Sen. Warren’s latest proposal amps up AML/KYC rules, calling GOP crypto bills a regulatory handout. With a $2.5 trillion market in play, the question isn’t whether crypto gets regulated, it’s who gets to write the rules.

Top Gainers: MANYU, BANANAS31, LA, ZBCN, BBT.

The Greek debt crisis made fiat feel fragile, even if Greeks weren’t mass-buying BTC at ATMs. A decade later, Venus de Milo with laser eyes feels less like a meme and more like a reminder: Bitcoin doesn’t beg for withdrawals.

Eigen Labs laid off 25% of its team to go all-in on EigenCloud. CT came together in a great moment of unity to post about available job opportunities for those affected.

It’s acquisition season! Monad scooped up Portal, a stablecoin infra project, and founder Raj Parekh will now lead payments at the foundation.

That’s all for today!