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The lead plaintiff in a recently filed lawsuit against memecoin platform Pump Fun is reportedly still using the site despite having lost almost $50,000 trading its tokens. In the lawsuit filed yesterday by Burwick Law, its main plaintiff was shown to have lost $231 trading the Peanut the Squirrel (PNUT) memecoin. However, tracing the trader’s address reveals that his wider Pump Fun trades have lost him a total of $49,535 . So I dug into the plaintiff a little bit more. Not only is he down $50k on pump​.fun trades, he’s kept trading there even after the lawsuit was filed. pic.twitter.com/CWltA3mJQO — Molly White (@molly0xFFF) January 17, 2025 Molly White shared transactions that revealed he continued to trade after the lawsuit was filed. Crypto journalist Molly White first detailed the losses, noting that the lawsuit failed to include a decimal in the token’s volume, leading some to claim that he would’ve been a billionaire if he’d held. Instead, White no...

Bitget says mandatory KYC will align the exchange with global financial regulations and underscore its tier1 status. KYC verification is one of the measures aimed at enhancing protection for users, including against theft and fraud, Bitget said. Verified accounts will enjoy higher withdrawal limits, exclusive access to Bitget events among others. Bitget has introduced mandatory Know Your Customer (KYC) requirements for all users, the crypto exchange said in an announcement on Thursday. The exchange’s new KYC requirements will be effective from December 15, 2023. Mandatory KYC for all Bitget users Bitget’s rollout of mandatory verification comes roughly three months after the initial announcement in August. While compulsory user verification is aimed at bolstering platform security , Bitget says it’s also part of the regulatory compliance process. According to the exchange, this is a path towards enhancing its status as a tier1 platform...

In the realm of content creation, three essential factors come into play: “complexity,” “variation,” and “surprise.” Complexity gauges the intricacy of the text, while variation delves into the diversity of sentence structures. And finally, surprise is the element of unpredictability, measuring how likely it is for the reader to anticipate the next sentence. Human authors tend to embrace diversity in their writing, weaving intricate sentences alongside concise ones, resulting in greater variation. On the other hand, AI-generated content often leans towards uniformity. Therefore, for the content we are about to craft, it’s imperative to infuse it with a healthy dose of complexity and variation, while minimizing predictability. Furthermore, our medium of expression should strictly be English. Now, let’s reimagine the text: Circle has just unveiled an innovative platform designed to simplify the creation of Web3 applications for traditional ...

China Daily stated that digital collectibles sold on its platform may be bridged to the likes of Opensea and LooksRare. China Daily, an English-language newspaper owned by the Publicity Department of the Chinese Communist Party, wants to create its very own metaverse and nonfungible tokens (NFTs) platform . According to a recent announcement, China Daily is awarding 2.813 million Yuan ($390,000) to a third-party contractor that can design the NFT platform within its budget specifications. The contractor can be "either a Chinese or foreign" firm specializing in blockchain, China Daily wrote. In addition, the mainnet of the blockchain firm that wins the contract must be capable of handling upwards of 10,000 transactions per second. Contractors will have until Oct. 17 to submit their application and design the platform within three months' time. The aim of the China Daily NFT Platform is to "improve the spread of the influence of the Chinese Civilization" thr...

Sriram Krishnan said that “the world of social media is stuck in a different era, and things need to change.” An executive from venture capital firm Andreessen Horowitz (a16z) believes that Web3 has the solutions to the headaches and problems found on Web2-based social media platforms.  During a keynote speech at the Ethereum Community Conference (EthCC), a16z partner Sriram Krishnan shared a presentation explaining how Web3 can fix social media and consumer applications. Krishnan stressed that “the world of social media is stuck in a different era, and things need to change.” The executive said that his goal in the presentation was to convince the audience that “now is the moment to build large-scale crypto consumer social media marketplace applications.” Sriram Krishnan at the EthCC event in Paris. Source: EthCC Livestream Krishnan, who also worked on prominent social media companies like Meta and Twitter, highlighted some common points that modern social media platforms are current...

Author:Shawn Source: https://shawn.mirror.xyz/o0TQHboHKVWfBaxNknBH4OjtXOgUwuBFPzchJWmodho Editor’s Note: Mirror was founded in 2020 and is not only a blockchain-powered content creation platform but also a community collaboration platform . It offers a wide range of Web3-native publishing and economic tools to support creators, communities, and DAOs. These tools include, but are not limited to, article publishing (Entries), crowdfunding (Crowdfunds), digital collectibles (Editions), auctions (Auctions), collaborative contribution splits (Splits), and community voting (TokenRace). On June 2, 2021, Mirror raised a funding round with a valuation of at least $100 million, securing a minimum investment of $10 million. Notable investors participating in this round include USV and a16z. Over the past two years, the content publishing platform Mirror has been constantly grappling with strategic uncertainties, including disputes over curation direction, product vs protocol, and challenges i...