đź“Ś MAROKO133 Breaking crypto: Pump.fun Launches New Investment Division for Early-S
Memecoin launchpad Pump.fun has launched an investment arm, Pump Fund, which will distribute $3 million in funding across 12 projects.
An animated video ad posted on X said that the fund is dedicated to early-stage startups. Further, it announced a Build in Public Hackathon, which will fund 12 projects with $250k at $10m valuation.
“It will advance the startup ecosystem on pump fun by aligning itself with projects long-term,” Pump.fun wrote in a thread on X.
Pump.fun Hackathon – Not for VCs But Startups
The Solana-based platform wrote that the upcoming hackathon is a time-limited event that differs from traditional programs. The hackathon offers funding, mentorship with Pump.fun’s founders and more.
“Instead of having to please judges/VCs for money, tokenizing allows the market to become the judge,” the platform added. “Your users are the ones that fund you by betting on you early.”
In order to be eligible for the hackathon, early-stage project participants must launch a token and own at least 10% of the token supply.
However, the projects need not be crypto-related, Pump.fun clarified. Projects of all maturities, verticals, and traction are welcome, it said.
Besides, the platform will prioritize product and social traction, open communication and long-term viability while choosing winners.
One user wrote that the hackathon is “the biggest unlock of builder talent.” Though AI has supported millions to build projects and boost the talent pool, the funding system didn’t, the user wrote.
“Portfolio companies with legit product being ignored… hackathon survivors. incubator rejects. solo entrepreneurs with a vibe + idea & AI. 3 am Claude devs outshipping funded startups,” the X post read. “The talent pool just 100x’d, yet the funding system didn’t. Time to change the game.”
The first cohort of startups is expected by February 2026.
PUMP Surges 3.04% – Eyes Short‑Term Breakout
PUMP, the native token of Pump.fun, rose 3.04% in the last 24 hours following the announcement of the Pump Fund launch. The token is trading at $0.00256 during press time, per CoinMarketCap.
Recent gains reflect short-term momentum but face resistance near $0.00274.
The token reached an all-time high in September, and has dropped 70% since then. The increase in memecoin activity, with Pump.fun-launched coins like WhiteWhale gaining traction, has pumped the token back on the radar.
Further, according to DefiLlama, the activity has contributed to a steady increase in revenue in the recent past, creating a strong tokenomic backbone for the rally.
The post Pump.fun Launches New Investment Division for Early-Stage Projects, Kicks Off Hackathon appeared first on Cryptonews.
đź”— Sumber: cryptonews.com
đź“Ś MAROKO133 Hot crypto: Coinbase CEO Targets Progress On Crypto Bill During Davos
Coinbase chief executive Brian Armstrong says he is taking Washington’s crypto market structure talks to Davos this week, aiming to narrow the gap with banks as lawmakers struggle to keep a sweeping bill on track.
In a video posted on X, Armstrong said Coinbase will stay engaged during the World Economic Forum, and he plans more conversations with bank leaders to push toward a draft the industry can live with.
“We’re going to continue to work on the market structure legislation, and meet with some of the bank CEOs to figure out how we can make this a win-win,” he said.
He argued stablecoins should create opportunities for both crypto platforms and traditional lenders, and said he will feed those discussions back to lawmakers and the administration in an effort to move the legislation forward.
Market Structure Fight Centers On Token Classification
The bill at the centre of the dispute seeks to clarify when digital tokens fall under securities rules or commodities oversight, and it would put spot crypto markets under the Commodity Futures Trading Commission, a long-running goal for many major US exchanges.
Coinbase last week pulled its support after reviewing the updated text, with Armstrong posting, “After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.”
He said the draft carries too many problems, including what he described as a de facto ban on tokenized equities, restrictions affecting decentralized finance and privacy, and changes that would weaken the CFTC in ways that could leave innovation at the mercy of the Securities and Exchange Commission.
Markup Delayed As Lawmakers Seek Middle Ground
Coinbase’s break landed just as the Senate Banking Committee prepared to mark up the bill, and the panel has since postponed its session as bipartisan negotiations continue, with Chairman Tim Scott saying stakeholders remain engaged.
A key flashpoint has been stablecoin rewards, with banking groups pressing lawmakers to ensure crypto firms cannot replicate deposit-like interest through incentive programmes, and crypto advocates warning that an overly broad ban would choke off product design.
The draft would restrict paying interest solely for holding a stablecoin, while still allowing rewards tied to certain activities such as payments or loyalty programmes, with disclosure rules to be set by the SEC and CFTC.
Armstrong says he will also use Davos to pitch a broader message to policymakers and executives, that crypto infrastructure and tokenization can modernise market plumbing and expand access to capital markets.
The post Coinbase CEO Targets Progress On Crypto Bill During Davos Talks appeared first on Cryptonews.
đź”— Sumber: cryptonews.com
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