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Pump.fun Hits Record $28.7M in Monthly Revenue as Memecoin Mania Soars

Pump.fun, the Solana-based memecoin development platform, has seen monthly revenue from agreements hit an all-time high yet again, another indication that retail is digesting more memecoins. Pump. Retail sales of fun products hit a new monthly high at $28. 73 million worth of agreement income was generated during July, as reported by the Entropia Intel news aggregator in its Aug. 13 X post. Less than two weeks after the Pump, memecoin platform sets a record of the highest monthly income. fun outperformed the Ethereum blockchain in the average daily revenue starting July 29th when fun made $864,000 and Ethereum made $550,000 in 24 hours. This is primarily due to the rising retail interest in memecoins, especially on its native blockchain – Solana – that birthed some of this cycle’s most popular memecoins. TO READ FULL ARTICLE: CLICK HERE The post Pump.fun Hits Record $28.7M in Monthly Revenue as Memecoin Mania Soars appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Donald Trump Jr. Unveils Plans for DeFi Platform to Challenge Traditional Banks

Over the weekend, Donald Trump Jr. disclosed that he is to start a new decentralized finance crypto platform intending to make up for the plethora of unequal offers in banking — but it will be a long while before that happens. Just a week earlier, the eldest son of former President Trump, Donald Trump Jr., in a live question and answer session at subscription-based platform locals on Aug 8, insisted hewasn’t releasing a memecoin for crypto pump-anddump but developing a crypto operating system to challenge the banking sector. “What we are discussing here is a bigger type of platform,” which is quite different and can’t be termed as memecoin, he added. Nevertheless, he continued to extend the time horizon for action and warn that it would be a long time before any moves could be made. TO READ FULL ARTICLE: CLICK HERE The post Donald Trump Jr. Unveils Plans for DeFi Platform to Challenge Traditional Banks appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

New Laws Aim to Regulate Bitcoin ATMs in Chico, California

Earlier, the pro-Bitcoin state laws and city ordinances of Chico in California are expected to cumulatively enhance the Available Light’s administration of the Bitcoin teller machines or ATMs. In a local government committee talk held on Aug. 7, participating as the chief administrative officer at the County of Butte, Andy Pickett discussed the current actions to Bitcoin’s regulation. Pickett described some of the most recent bills in states to curb fraudulent activities regarding Bitcoin ATMs. California strengthens reporting requirements for crypto ATMs In October 2023, a legislative examine of Californian discovered roughly one third of crypto ATMs imposing a forty percent added price, whereas a handful of ATMs positioned a limit on the number of crypto purchases at $50,000. Therefore to reduce deposit amount which had become a problem, a bill was made to regulate the amount of deposit per day to one thousand dollars. Also, in California, for all the transactions that take place through the crypto ATMs, the identification of the operator and their receipt are required. “More significant is another bill that will commence in July 2025 regarding the utilization of Bitcoin ATMs, which will allow the organization to govern it like a bank. ” TO READ FULL ARTICLE: CLICK HERE The post New Laws Aim to Regulate Bitcoin ATMs in Chico, California appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

OpenAI Might Lose $5 Billion in 2024, Putting Its Future at Risk: Report

Let me bring you up with the news that OpenAI is running a loss making business and is predicted to lose as much as $5 billion in the next year, 2024, a position that may force OpenAI, the maker of ChatGPT, out of business in the next twelve months, as analysed by The Information. As claimed in the report that relied on information from new financial documents and insiders about the business, OpenAI plans to spend over $7 billion on the AI training only and over $1. 5 billion on staffing. That is significantly higher than the claimed figure of competitors like the Anthropic backed by Amazon, which plans to reach a burn rate of $2. 7 billion. This amounts could mean that OpenAI will have to withdraw on another funding round, within the next one year, in order to strengthen it is balance sheet as stated in the report. Exactly, as of now, OpenAI was funded for seven times and managed to attracted more than eleven (11) billion dollars, information deduced from Tracxn More recently the new funding was private and Laurence and Tilan Lupin in April 2021 with funds from ARK Investment Management that the amount raised was undisclosed. Read also: DexCheck AI Revolutionizes Crypto Trading with Advanced AI and ML Analytics Earlier, OpenAI did not respond to requests for comments. ChatGPT was unveiled by OpenAI in November 2022. The AI assistant started to gain the target popularity rapidly and reached over one hundred million of weekly active users. The American AI firm revealed the development of a new generative AI, GPT-4o Mini on July 18. Source: Sam Altman OpenAI is also said to be developing another AI model that has an ability of reasoning that is far much higher than the current GPT-4o. The new model, which will be named “Strawberry”, will also respond more like a human, it is said. It experiences legal pressures, such as a possible probe by the United States Securities and Exchange Commission connected to misbehavior regarding NDAs. On July 23, US lawmakers wrote to OpenAI’s chief executive officer Sam Altman regarding safety measures and employment policies in OpenAI. TO READ FULL ARTICLE: CLICK HERE The post OpenAI Might Lose $5 Billion in 2024, Putting Its Future at Risk: Report appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Ethereum Gas Fees: Are They Too High or Too Low? The Debate Continues

Those people who are unhappy with fluctuating gas fees – on Ethereum or any other blockchain, for that matter, are thinking wrong about the future of crypto. Most of the discussion has been centered on whether Ethereum’s gas fees are too pricey. This year, its fees have become dizzyingly low – partly due to rollups – but spiked during the Aug 4-5 crash. So which is it? In a rather shocking and unexpected manner, all the items were in fact functioning exactly as they should be. It is a series of events in form of up jumps which you expect of a wholesale market during the high a demand. It is all these that those who point to these as having gone wrong have the wrong vision of where we want the crypto space to be. Wedded to that, the modular scaling philosophy is grounded in the notion that blockchains are not activity processing networks, they are providers of a scarce object: secure block space. Similar to any other commodity, which is a limited good: (similar to land, oil, electricity) the required secure block space is bought at an auction and is handed over to the individual who requires it most. This will most probably be either a whale or a wholesale buyer like a layer 2. Some users complained about gas fees during market volatility between Aug. 4-5. Source: X Monolithic chains have more of a network philosophy: they feel that they should be able to cater for all the clients in equal proportion. This is untenable because blockchains aren’t just networks in a similar way the internet is a network. It’s not disastrous if a video stream or an email is a few moments late. Securities that are involved in important financial transactions can be seriously threatened even if the event is slight, and if the important transaction is delayed a little, it becomes a catastrophe. Blockchains are ultimately predictable and secure layers of transfer and settlement, but this also means that for those ubiquitously connected participants who form the backbone of the current and future global economy, blockchains remain mostly opaque. As with any such service elsewhere, the service is tiered, as is the price of the service. CLICK HERE TO READ FULL ARTICLE The post Ethereum Gas Fees: Are They Too High or Too Low? The Debate Continues appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Upcoming Kickstarter Launch for Time Travel Trial: Science, Discovery and the Future of Human Understanding in Late August

This project explores the fascinating possibilities of time travel, combining scientific theories like Einstein's relativity and the concept of wormholes with engaging narratives that challenge our understanding of time itself. It delves into the potential realities and paradoxes of traveling through time, offering both educational insights and an entertaining journey through one of humanity’s most enduring mysteries. Designed to be accessible and thought-provoking, this work invites readers to imagine the implications of bending time and to consider how such a discovery could reshape our future. United States, 20th Aug 2024 - The mysteries of time travel have fascinated humanity for generations, captivating our imaginations through countless books, movies, and theories. Now, with the upcoming release of "Time Travel Trial: Science, Discovery, and the Future of Human Understanding," you’re invited to embark on a journey through time like never before. Set to launch on Kickstarter in just a few days, this groundbreaking book blends scientific exploration with engaging narratives, offering readers an accessible yet profound dive into the world of time travel.A Journey Through Time’s Mysteries"Time Travel Trial" delves deep into the science that underpins time travel, bringing to life the theories and possibilities that have intrigued both scientists and storytellers for decades. From Einstein’s revolutionary ideas on relativity to the theoretical concept of wormholes and the tantalizing possibilities they present, the book explores how time travel might one day be within our reach—or how it could remain an elusive dream.But this book isn’t just about science; it’s crafted to entertain as well as inform. "Time Travel Trial" takes complex scientific concepts and presents them in a way that’s both engaging and easy to understand, ensuring that readers are not only educated but also entertained. Whether you’re a science enthusiast, a fan of speculative fiction, or simply curious about the nature of time, this book offers something for everyone.Exclusive Content and Interactive LearningThe Kickstarter campaign for "Time Travel Trial" isn’t just about bringing a book to life—it’s about creating a comprehensive experience for supporters. Backers will not only receive a beautifully crafted hardcover or eBook version of the book, but they’ll also gain exclusive access to an online course designed to deepen their understanding of the concepts explored in the book. This course, led by experts in the field, will guide participants through the intricacies of time travel, offering both theoretical insights and practical applications.Why Kickstarter?Kickstarter has been chosen as the platform to bring "Time Travel Trial" to life because it offers a unique opportunity to connect directly with readers and supporters. By backing this project, you’re not just pre-ordering a book—you’re becoming part of a community that’s passionate about exploring the boundaries of science and imagination. The funds raised will go towards printing the hardcover books, finalizing the eBook, producing the online course, and covering shipping and marketing costs to ensure the project’s success.Risks and ChallengesAs with any project, there are risks and challenges to consider. Shipping logistics, particularly for international backers, can present unexpected hurdles. Additionally, reaching the funding goal is crucial to making this project a reality. Finally, effective marketing will be key to ensuring that the book reaches its intended audience. However, with a solid plan in place and the support of a passionate community, "Time Travel Trial" is poised to overcome these challenges and deliver a truly unique and enriching experience.About the AuthorMichelle Moore, the visionary behind "Time Travel Trial," is an experienced author and researcher with a deep passion for exploring the unknown. With years of experience investigating unexplained phenomena, Michelle has dedicated herself to uncovering the truths behind some of the most fascinating and mysterious aspects of our universe. Based in Kentucky, where she lives with her husband and son, Michelle combines her love for science and storytelling to create works that challenge our perceptions and ignite our imaginations.Launch Date and How to SupportThe Kickstarter campaign for "Time Travel Trial" is set to launch in late August. Supporters can choose from various reward tiers, including exclusive access to the eBook, a beautifully bound hardcover edition, and the opportunity to participate in an interactive online course. By joining the campaign, backers will not only receive these rewards but also become part of a community dedicated to exploring one of humanity’s most intriguing questions: Is time travel possible?Stay tuned for more updates and be ready to embark on an unforgettable journey through time with "Time Travel Trial."Kickstarter link: https://www.kickstarter.com/projects/michelle-moore/time-travel-trial-the-pursuit-of-times-boundaries (the project will not go live until the end of August) Media Contact Organization: Time Travel Trial Contact Person: Michelle Moore Website: https://timetraveltrial.com Email: Send Email Country:United States Release id:15921