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we are all a little Russian when we drink
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On July 1, the daily revenue volume on the platform for launching meme tokens Pump.fun based on Solana reached $1.99 million. The figure exceeded the value of the Ethereum network ($1.91 million), according to DeFi Llama. According to Dune Analytics, on July 1, an additional 11,528 tokens were deployed on the platform. Their cumulative number reached 1,199,685. Pump.fun's total income reached 346,613 SOL (~$51.3 million). At the end of June, ForkLog reported a decrease in the platform’s daily commissions by 30% on a weekly basis due to a decrease in investor appetite for risk. Let us remind you that the cryptocurrency data service DEX Screener launched a platform for creating meme coins called Moonshot, competing with Pump.fun, on Solana.
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Binance founder Changpeng Zhao, known in the crypto world as CZ, is spending this summer in a low-security prison in Lompoc, Santa Barbara County. As the crypto market gains momentum, Forbes USA reveals the secret source of its multiplying billions The imprisonment did not greatly break the founder of Binance, Changpeng Zhao. He is the richest man behind bars, the wealthiest player in the crypto sphere, and his wealth has been increasing rapidly since becoming a criminal. Today, Forbes USA estimates that Zhao's fortune reaches $61 billion, making him 24th on the list of the world's richest people, just behind Julia Koch and her family. The next richest person in the cryptocurrency space is Coinbase founder Brian Armstrong with $11 billion.
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A blockchain is a distributed database or ledger shared among a computer network's nodes. They are best known for their crucial role in cryptocurrency systems for maintaining a secure and decentralized record of transactions, but they are not limited to cryptocurrency uses. Blockchains can be used to make data in any industry immutable—the term used to describe the inability to be altered. Because there is no way to change a block, the only trust needed is at the point where a user or program enters data. This aspect reduces the need for trusted third parties, which are usually auditors or other humans that add costs and make mistakes. Since Bitcoin's introduction in 2009, blockchain uses have exploded via the creation of various cryptocurrencies, decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and smart contracts.
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Cloud computing provider CoreWeave has beefed up its deal with Bitcoin miner Core Scientific by exercising an option to receive additional infrastructure for its NVIDIA graphics processing units (GPUs) on top of capacity agreed to earlier in June. The decision adds another $1.225 billion to the income Core Scientific expected to receive under earlier agreements. Under the option, Core Scientific will modify its facilities in Austin, Texas to begin providing 70 MW of infrastructure for CoreWeave in the second half of 2025. Core Scientific is a month ahead of schedule in its preparations to host CoreWeave capacity.
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