Power Shift: The Rise and Fall of Memecoin Issuance Platforms
"The king is dead, long live the king."
This phrase once echoed in the royal palace of France in the 18th century. It reveals an eternal truth about power: power never belongs to individuals, but flows like water, always finding new containers. Former emperors may quickly become dust of history, and the transfer of power is often swift, ruthless, and unavoidable.
Today, the memecoin issuance platform on the Solana chain is witnessing this ancient power transfer ceremony. The former ruler Pump.fun has seen its market share plummet from 88% to 13% in just one month, while the new challenger Let'sBONK has already seized 86% of the market.
This is not just another manifestation of volatility in the crypto world, but also a typical case of an empire's collapse: when the ultimate moat of attention is neglected, even the greatest first-mover advantage can vanish in an instant.

The SEC Chairman discussed the regulatory framework for cryptocurrency assets at the tokenization roundtable, emphasizing the need to adjust existing rules to accommodate blockchain technology. He proposed the establishment of clear guidelines in areas such as issuance, custody, and trading, aiming to position the United States as a leader in the global cryptocurrency asset market, reflecting a proactive response to regulatory challenges.

VINE, as a cultural symbol of short video, carries people's nostalgia, but Grok Imagine is merely a functional module, not a substitute. The reboot of VINE involves multiple factors; Imagine may become a creation tool, while Vine is a social platform. Investors should be cautious of market risks.

The article discusses the successful rise of meme coins VIRGEN and NOTHING on the Genesis Launches platform. VIRGEN coin has attracted investors with its friendly issuance mechanism and ongoing buyback actions, while NOTHING has garnered attention due to its unique Token locking feature. The success of these projects highlights the integrity of the team and good mechanism design, but they also face the challenge of inferior projects flooding in. The market's natural elimination mechanism helps maintain a healthy atmosphere and promotes the unique development of the Virtual ecosystem.

Labubu and Moutai: A Comparison and Challenge of New and Old Social Currencies
Recently, an analysis report compared Labubu, which is favored by young people, with the traditional liquor giant Moutai, attempting to explore whether there is a historical repetition of consumption cycles or a profound paradigm shift behind these two social currencies.
The report points out that although Labubu and Moutai both possess the attributes of social currency, there are significant generational differences between them. Labubu's social functions are more based on the common interests and values of the younger population, while Moutai relies more on power and hierarchical relationships. This difference reflects the essential distinction between "new consumption" and "traditional consumption."
In terms of globalization, Labubu has achieved significant international success, while Moutai's globalization journey is still in its early stages. This difference also reflects the varying degrees of cultural adaptability between the two.
However, Labubu and Moutai are also facing a similar situation.

Recently, new changes have emerged in the coin issuance platform within the Solana ecosystem, with LetsBONK.fun replacing Pump.fun as the new favorite of the community. LetsBONK.fun attracts a large number of users with its co-construction concept and profit distribution model, showcasing the clear advantages and the crypto assets community's desire for sustainable project development.

Recently, the crypto assets market has shown signs of recovery, with Ether performing particularly well. Thanks to factors such as technological upgrades, continuous buying of ETFs, and a prosperous on-chain ecosystem, the price of Ether has continued to rise, which has also driven the revival of Memecoins within its ecosystem.
Compared to Ethereum, the established second-tier Memecoins and AI-related tokens in the Solana ecosystem have also generally risen, but the pace of the primary market has become increasingly fast. Due to the lack of more narrative support, coupled with continuous selling pressure in the upper market and constant draining in the lower market, ordinary investors have fewer opportunities to profit in the ecosystem. Only the Bonk system continues to launch new projects, but it is difficult to hold the overall situation alone.
In the Ethereum ecosystem, the concept represented by Matt Furie’s Pepe has risen again. As one of the most well-known Memes, Pepe leads in market capitalization, capital inflow, and rise compared to this round of ETH Mem.

The chairman of the U.S. Securities and Exchange Commission delivered a speech on the regulation of encryption assets.
At the tokenization roundtable, the chairman of the U.S. Securities and Exchange Commission delivered a keynote speech on the regulation of encryption assets. He emphasized the importance of the migration of securities from traditional databases to blockchain systems, comparing this shift to the evolution of audio from analog to digital formats.
The chairman pointed out that the migration to on-chain securities could fundamentally change various aspects of the securities market. For example, on-chain securities can utilize smart contracts to regularly distribute dividends to shareholders, and tokenization can also enhance asset liquidity. He believes that blockchain technology will bring new application scenarios for securities that may exceed the considerations of existing rules.
In order for the United States to become a global leader in the encryption field, the SEC must keep pace with innovation and consider adjusting regulations to accommodate on-chain assets. The chairman emphasized that rules designed for traditional securities may not apply to on-chain assets and could even hinder the development of blockchain technology.

The power transition of the Solana on-chain memecoin issuance platform.
"The king is dead, long live the king." This phrase echoed in the Palace of Versailles in 1774, symbolizing the rapid transfer of power. Today, this ancient ritual is being reenacted on the memecoin issuance platform on Solana.
Pump.fun was once the undisputed leader, holding 88% of the market share just a month ago. However, it now retains only 13%, while the new challenger Let'sBONK has captured 86% of the territory. This is not just another manifestation of volatility in the crypto world, but a typical case of an empire collapsing: when the ultimate moat of attention is neglected, no matter how great the first-mover advantage, it can instantly vanish.
!7388151
The Rise and Fall of Pump.fun Empire
Pump.fun was founded by three young people in their 20s in January 2024.

The summer sun shines down on the streets of Guomao as I stroll to a restaurant on the fifth floor. Looking around, the exquisite decor and high-end products all highlight the consumption level here. Sitting in such an environment, I can't help but start to ponder: what creates the gap between people? After graduation, how should we showcase our competitiveness?
The answer seems to be obvious: aesthetic ability.
Aesthetic is an innate perceptual ability and a key to showcasing wealth and taste. Many luxury brands spend decades associating their logos with nobility and elegance. Some brands easily showcase a sense of high-end globally through meticulously designed displays. This is why some people are willing to spend seven figures to purchase a refined watch.
To some extent, aesthetics represent a subtle discourse power. During my time as a financial headhunter, I could tell the level of care and potential of candidates just from the font and layout of their resumes.

The article discusses the impact of the cryptocurrency industry on listed companies after Trump is elected in 2024. Listed companies choose suitable crypto assets based on their own needs, such as selecting PoS tokens to cover financing costs. At the same time, cryptocurrency project parties hope to collaborate with high-quality listed companies to maintain market stability. The relationship between the two is complex, and both parties need to clarify their roles to achieve a win-win situation.

The crypto market faces multiple challenges and opportunities, with Bitcoin fiercely contending at the $110,000 mark and Ethereum approaching a key resistance level. U.S. tariff policies significantly impact the market, and regulatory dynamics and technological breakthroughs will reshape the industry landscape. Crypto investment needs to follow macroeconomic factors and changes in market sentiment.

ZKasino announced the launch of the ETH refund process, raising concerns in the community. Users need to sign up and perform complex operations within 72 hours, while the refund timeline remains unclear. Despite the promise to continue advancing the project, legal issues and investor concerns have not been resolved, and the market is watching for further developments.

Last week, there were 21 investment and financing events in the blockchain industry, with a total funding scale exceeding 133 million USD, a decrease compared to the previous week. The DeFi and Web3 gaming sectors were active, and projects that integrate AI and blockchain also received attention. Overall investment activity has declined, but infrastructure remains favored.

Humans.AI is an AI ecosystem driven by blockchain technology, allowing ordinary people to participate in AI innovation. The platform connects developers and users, providing decentralized algorithmic trading of AI, launching the $Heart Token and innovative AI NFTs. Humans.AI was founded by an experienced team and collaborates with multiple institutions, committed to the democratization of AI and creative applications, facing challenges in technology and market competition in the future.

Recently, the crypto assets market has maintained a bullish pattern, with BTC fluctuating at high levels and ETH steadily rising, while trading sentiment remains cautious. The contract holdings are experiencing high-level fluctuations without any systemic risks. The trend strategy based on MACD shows good profitability, especially in coins like SUI, which have practical application value.

The ICP project aims to create a decentralized Internet Computer, providing a foundation for various application developments. Its technological core consists of canister and chainkey, achieving completely decentralized functionality. The team is strong and has secured multiple rounds of financing, with the ecosystem rapidly developing, covering several innovative projects and showcasing potential in the Web3 field.