The power transition of the Solana on-chain Memecoin issuance platform
"The king is dead, long live the king." This ancient proclamation articulates an eternal truth: power never belongs to anyone; it flows like water, always seeking new vessels. This truth applies not only to ancient dynasties but also to the contemporary world of cryptocurrency.
The memecoin issuance platform on Solana is witnessing a dramatic power shift. The former giant Pump.fun saw its market share plummet from 88% to 13% in just one month. Meanwhile, the new challenger Let'sBONK rapidly rose to occupy 86% of the market. This is not only another testament to the volatility of the crypto market but also a classic case of empire collapse: when the core moat of attention is ignored, even the greatest first-mover advantage can vanish in an instant.
!7388151
Pump.fu

Recently, the market has shown signs of recovery, with Ethereum performing particularly well. As favourable information such as the Pectra upgrade, continued ETF purchases, and the success of the Virtual IPO model accumulate, the price of Ethereum continues to rise, and its on-chain ecosystem is also reviving.
In contrast to Solana, although well-established secondary Memecoins and AI sector tokens are experiencing a general rise, the pace of the primary market is accelerating, lacking more narrative support. The upper market is facing continuous selling pressure, while the lower market is being drained by PumpFun. Aside from the Bonk ecosystem, new tokens find it hard to break through, making it increasingly difficult for ordinary users to make money.
In terms of the resurgence of Ethereum Meme, the concept of Matt Furie is rising again. Pepe as ETH

On-chain MEME Token Launch Platform Analysis
The on-chain MEME Token launch platform is a decentralized platform built on blockchain, aimed at simplifying the creation process of MEME Tokens. It provides tools for token creation, presale management, and liquidity provision on decentralized exchanges, ensuring transparency and accessibility for users.
Launch the platform's functionality
The structural advantages of the launch platform align closely with the characteristics of the MEME Token. In particular, their ability to quickly establish and mobilize communities complements the typical high community dependency of MEME projects. Therefore, launch platforms focused on MEME have gained greater appeal compared to other types of Token issuance platforms.
MEME Launch Platform Development Chronicle
The emergence and maturity of the MEME launch platform.
The emergence of the on-chain MEME launch platform has reshaped the early token distribution model, enabling the rapid and seamless distribution of MEME tokens.

Recently, the meme coins VIRGEN and NOTHING in the Virtual ecosystem have achieved success. The former has attracted investors with its friendly issuance mechanism and continuously rising price, while the latter has practical use. Despite the presence of low-quality projects in the market, the scarcity of high-quality teams makes such success difficult to replicate. The market has demonstrated self-purifying capabilities, forming a unique culture that is expected to bring more value to the encryption ecosystem.

Crypto Assets Market Outlook and Investment Strategy Analysis
Recently, I have had more time to think, and I would like to share some thoughts on the market.
I believe the overall trend of the Crypto Assets market will become clear only after September. Considering factors such as macroeconomic resistance, limited summer liquidity, and quarterly position adjustments, the real market direction will only be evident when participants return after the August holidays. Recent market activities indicate that the rise of most small coins is mainly due to short squeezes. Traders, influenced by previous rebounds, chase momentum, but lack support from long-term holders. Most people have already suffered significant losses in the previous market. As expected, most tokens that surged sharply have subsequently experienced declines of equal magnitude.
Ethereum rebounded unexpectedly, with previously struggling sectors such as artificial intelligence and some popular coins leading this wave of recovery. In contrast, tokens with real-world applications, solid fundamentals, or buyback mechanisms demonstrated stronger resilience.

At the tokenization roundtable, the SEC chairman proposed regulatory recommendations for crypto assets, emphasizing the need to adjust rules to accommodate blockchain technology, protect investors, and promote market innovation. He focused on three areas: issuance, custody, and trading, calling for clear guidelines to make the United States a global crypto hub.

Vitalik is indifferent to the price of ETH.
Recently, Ethereum founder Vitalik has published two blog posts, sparking speculation about his current thoughts. Despite the continuous decline in ETH prices, many users have called for "fixing ETH" on his social media, but Vitalik seems not to be particularly concerned about the price performance of ETH.
On March 29, Vitalik published two articles revealing some of his current thoughts:
The Year Wheel Model of Culture and Politics
Vitalik proposed a simple "annual ring model" to explain political and cultural phenomena:
- The mainstream attitude and incentive mechanisms of an era determine how that culture treats new things.
- The current bias dominates how culture treats old things.
A new growth ring is added to the "tree" in each period, shaping people's attitudes towards new things. These boundaries will soon become fixed, difficult to change, and then new

The new chip export control regulations introduced by the United States target China and cover nearly all high-performance chips, preventing China from acquiring advanced chip manufacturing capabilities, with mixed reactions from the industry. Although the regulations may impact the U.S. semiconductor ecosystem, they also encourage China to accelerate the enhancement of its domestic chip capabilities.

Syncus is a decentralized currency reserve protocol aimed at reshaping the game theory rules in the DeFi field, promoting win-win outcomes for participants through innovative mechanisms. Its token economic model and flexible tax strategy enhance system stability, with the goal of creating long-term value and developing within the zkSync ecosystem, driving a new round of rise in the DeFi sector.

The founder of Conflux, Long Fan, discussed the development of the blockchain industry at the Web3 conference, particularly how to promote technological innovation and Compliance under strict regulation. He mentioned that Conflux will launch version 3.0 and participate in the offshore RMB stablecoin project, showcasing a Compliance-driven open ecosystem strategy. He emphasized the dual-city synergy between Shanghai and Hong Kong, combining technological research and capital to provide new ideas for the development of Web3. In the future, Compliance and market demand will be key for Chinese Web3 enterprises.

Recently, the surge of Crypto Assets projects led by venture capital institutions has resulted in market bubbles, with many overvalued projects struggling to deliver. Investors need to follow long-term technical teams, identify the true value of projects, and use effective strategies to achieve returns while remaining vigilant to the risks of overvalued and low liquidity projects.

Silicon Valley investment giants are making a big push into the Ethereum ecosystem, building a new generation of financial infrastructure.
In July 2025, the cryptocurrency market received a shocking piece of news: a well-known investment institution quietly became the largest shareholder of BitMine Immersion Technologies, holding a 9.1% stake. This news triggered a strong reaction in the market, with BitMine's stock price soaring, reaching a maximum intraday increase of 29.3%.
The market's excitement is not without reason. Just a year ago, the founder of this investment firm publicly questioned the future of Bitcoin: "We already have an ETF, I don't know who else would come to buy it." What exactly is this Silicon Valley billionaire's strategy in shifting from Bitcoin to heavily investing in Ether?
The strategic intention behind holding a large amount of Ethereum.
BitMine's ambition is clear: to create an Ethereum-based corporate treasury. July 14, 2025, BitMi

The FTX bankruptcy case will undergo a new round of liquidation, and creditors can submit claims through a dedicated portal. FTX was once a top encryption exchange and filed for bankruptcy in 2022 due to an asset crisis. The deadline for creditor claims is May 15, 2024. Creditors are advised to carefully fill out information and submit necessary materials and to consult a professional lawyer to protect their rights.

Trump may no longer seek a third term, following new Fed candidates and tariff policies. The U.S. Treasury market faces multiple threats, with weak employment data triggering expectations of interest rate cuts. Hong Kong's Web3.0 layout supports financial innovation, and Bitcoin price fluctuations are significant. Market performance is active, with several digital asset projects showing prominent rises.

The Bitcoin market is increasingly divided on future trends, with two main viewpoints: one is optimistic about a rebound turning into a reversal, believing that demand exceeds supply; the other believes that a downward correction is forming, with supply greater than demand, and that Bitcoin will be affected by the US stock market. Both viewpoints need to follow the trends of the US stock market and whether Bitcoin can rebound independently.

Blockchain game development company N3TWORK Studios will launch its first game Legendary: Heroes Unchained (LHU), planning for NFT minting and early access. The game is a card collection type, utilizing a dual Token economic model, emphasizing player strategy and experience in battles. The first round of NFT minting will take place in the first quarter of 2023, and the game aims to combine encryption and free-to-play gaming to attract more users.

In May 2025, an improvement proposal named HIP-3 sparked widespread discussion in the DeFi sector, with its minimum viable version now live on the Testnet. This is not just a simple protocol upgrade, but a key step in the overall development blueprint that could have a profound impact on the future of on-chain derivatives trading.
To fully understand the importance of HIP-3, we need to first grasp its overall design philosophy, which starts with three core proposals.
Hyperliquid Trilogy
The development path of Hyperliquid is clear and coherent, building a progressive and comprehensive financial ecosystem through three key improvement proposals.
HIP-1: Breakthrough Coin Listing Restrictions
For a long time, new projects have faced high barriers to listing coins on mainstream trading platforms. The process is opaque, costly, and often accompanied by harsh terms. Project teams must undergo lengthy negotiations, which may require them to pay high fees or concede a large amount of tokens.