MEGA · 244

Bubblemaps: MEGA token presale hedgers are under pressure and have now lost nearly $15 million

Comparing the news, the on-chain data analysis platform Bubblemaps posted an article on the X platform saying that investors participating in the MEGA token pre-sale and choosing hedging to obtain additional rewards currently have a book loss of about 50%. According to the data, this group of investors has invested a total of 28.3 million US dollars. Currently, the value of the position has dropped to 13.6 million US dollars, and the relevant tokens will not be unlocked until April 2027. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

30d agoburnking

Is crypto venture capital dying out?

Source: Token Dispatch Author: Vaidik Mandloi Compiled and collated by: BitPushNews created an era's top investor and began leaving it as one of the largest cryptocurrency exclusive funds ever formed. Paradigm recently raised $1.2 billion to begin investing in startups in the fields of artificial intelligence (AI), robotics, and aerospace. They've even completely removed the word “crypto” (crypto) from their website! Their investment logic is: Cryptocurrency was only their first frontier, but there are so many other new things happening right now that they must not turn a blind eye. Coincidentally, Framework Ventures also closed a $400 million fund in June and began expanding their investment reach beyond the crypto sector, and they are no exception. Over the past year, almost every leading crypto specialty fund has begun to drift towards broader topics and investment licensing. In the first quarter of 2026, only 8 new crypto-specific venture capital funds were established globally, the lowest since 2020. This article will explore in depth whether crypto-specialty venture capital is actually dying out as a fund category. If so, how does this shuffle map into the life cycle of these funds, and what does it mean for crypto startups — they will now have to compete for attention in multi-industry portfolios. The life cycle of professional funds Crypto professional funds came into being because they were willing to take the time to build a competitive advantage and were the only ones willing to take and underwrite this risk at the time. Understanding how Solidity contracts actually work and connecting with anonymous developers on the Discord channel—these aren't things Tiger Global's growth equity partners were able to touch in 2017. To understand whether crypto VC is coming to an end as an investment category, it would be beneficial to see how the specialty fund category has evolved in history, as this phenomenon has happened more than once in the past. Between 2006 and 2011, Climate Tech (Climate Tech) became mainstream as an investment logic. VCs have set up clean energy exclusive funds for the same reason that crypto VCs set up exclusive blockchain funds: they think they have keenly captured an epoch-making technological shift before generalists (generalists) reacted, and wanted to build a new investment institution around this firm belief. They poured more than $250 billion into clean energy startups, but lost more than half of their capital. Interestingly, the technology itself actually worked, and today's clean energy market is extremely large — which has caused the cost of solar energy in this sector to drop dramatically by 85% over the same period. What the VCs misunderstood, however, was that they hardwired the same model applied to software companies and threw $5 million in seed round checks to companies that actually needed $200 million in project financing and took 15 years to make a profit. The Energy Initiative (Energy Initiative) of the Massachusetts Institute of Technology (MIT) conducted an ex post facto review and found that the venture capital model was fundamentally flawed in the field. Professional VCs completed the experimental phase by taking technical risk funding, funded early R&D, and gave the field credibility to attract larger capital; however, once the technology matured enough to allow infrastructure lenders and project finance facilities (project finance facilities) to underwrite, the information advantage of professional investors disappeared. Data source: MIT Energy InitiativeSpac (a special absorption merger and acquisition company) has also evolved a similar trajectory. To add background, SPAC is a “blank check company” with no actual business, raising capital through an IPO and then merging with a private company to help it go public faster than a traditional IPO. In 2020 and 2021, some investors saw it as a replicable vehicle and built entire companies around them. Chamath Palihapitiya raised $1.6 billion in SPAC exclusive capital. But by 2022, SP established in 2021...

32d agoWendy#AI #Framework Ventures #Paradigm #VC #Investment funds

MegaEth stops MegaMafia incubation program and shifts resources to self-developed consumer-grade applications

In comparison, MegaETH co-founder Shuyao Kong said that the two-year MegaMafia plan will stop and will not launch version 3.0. The two phases of the program supported a total of 20 teams to help them complete more than $80 million in financing and invest millions of dollars in market making, direct borrowing, auditing, and other liquidity requirements; however, MegaEth intended or not to acquire equity, governance, or other economic interests at the time, and in the end, related investments brought little return of value to Mega, and most applications were no longer co-developed with MegaEth. In the future, MegaEth will continue to support existing MegaMafia projects and shift the focus to OMEGA applications that can only be achieved using MegaEth's wallet infrastructure and stablecoins, as well as consumer-grade applications directly developed by the team to shorten the feedback cycle and allow value to be attributed more directly to the agreement.

36d ago

South Korea takes AI as the core direction of economic development in the second half of the year and accelerates CBDC and treasury bond tokenization pilots

Comparatively, Korea's Ministry of Planning and Finance stated that it will continue to promote the development of the blockchain and digital asset economy in the second half of 2026, focusing on promoting legislation on the Basic Law on Digital Assets, promoting pilot treasury bond tokenization projects linked to institutional CBDCs, and studying the interoperability of CBDCs with other blockchain networks. In addition, the South Korean government also plans to establish a legal framework for cross-border stablecoin transactions, push for amendments to the Capital Markets Act, provide a legal basis for the launch of Korea's first batch of spot crypto ETFs, and explore the use of blockchain to manage and trade global voluntary carbon market (GVCM) carbon credits. Meanwhile, the South Korean government has made AI the core direction of economic development in the second half of the year, listed physical AI, AI data centers, and semiconductors as the top three mega projects. It plans to invest about 800 trillion won to build a new semiconductor production base, and double memory chip production capacity within the next five years.

39d ago

Cap team responds to Stabledrop controversy, admits early promise mistakes and clarifies insider rumors

Comparing news, Cap founder Benjamin issued a statement apologizing and providing a detailed response in response to the recent market controversy over Stabledrop's share reduction. He said that the team promised an airdrop scale of 11 million too early when the funds were not fully paid, but later, due to changes in the market environment, the amount raised fell short of expectations, and the airdrop pool actually shrunk to 4.2 million. In order to avoid substantial principal losses for early YT (revenue token) holders, the team temporarily adjusted the original linear distribution plan to a “capital protected but no profit” restructuring model to ensure that no one lost money. This rule applies equally to all wallets. At the same time, in response to the community's questioning that an associated giant whale address was suspected of “internal points,” Benjamin clarified that the wallet belonged to his former colleague, was not operated by the team itself, and did not use the project's treasury funds. Furthermore, he stressed that the Cap agreement is still running well. The decline in TVL that occurred over the weekend was mainly due to the sharp rise in Aave's USDM loan interest rate on MegaETH, leading to the withdrawal of arbitrators. It has nothing to do with this airdrop crisis, and all redemptions have been successfully processed.

39d ago

Revenue surpassed Pump.fun for 5 consecutive days. Did NOXA rely on strength or luck?

Author | Golem Original title: Revenue surpassed Pump.fun for 5 consecutive days. How did the “lone wolf” developers behind NOXA fight back and earn 10 million dollars in one week? Robinhood chain meme launch platform NOXA has the answer. According to Dune data, NOXA has surpassed Pump.fun for 5 consecutive days, and the total agreement fee has exceeded $13.44 million. What's even more exaggerated is that there is only one developer behind NOXA: Amun Phantom (X: @AmunPhantom), who directly crushed Pump.fun's Fengshen saga of “a team of 100 people creates over 500 million profits.” If all of the NOXA agreement fees were owned by Amun Phantom personally, he would probably be the first person to earn A9 on Robinhood Chain. Outsiders attributed NOXA's popularity to “luck”: just in time for the launch of Robinhood Chain, CASHCAT, which happened to be launched, was ordered by Robinhood CEO, with a market value of 230 million US dollars by the 3-day Express Express. Robinhood Chain's cold start requires meme coin momentum; NOXA is just the lucky one who just happened to be selected. But if you look back at Amun Phantom's past, you'll find that his success was no accident; it was more like a long-planned “Degen” counterattack drama. In October 2025, he wrote his motto: The reason you can't be a successful crypto developer is because you haven't gone deep into the trenches. At that moment, the cogs of fate may have quietly caught on. Degen developers and his DegenFi players generally regard NOXA as a meme launch platform like Pump.fun, but Amun Phantom himself never thought so; he believes NOXA is the first and currently only DegenFi agreement in the market. The Degen spirit is generally regarded as a compliment in the context of cryptography. If a crypto player calls himself Degen, then it means that he is sharper than the average person, extremely adventurous, willing to accept new things, and doesn't stick to old opinions. The introduction to NOXA's official X account also directly shows its self-positioning, “always being the first to support the latest blockchains, and even before the new blockchain is officially launched.” Agreed in the spirit of Degen, Amun Phantom's NOXA “went crazy” on the Robinhood Chain. NOXA was already warming up the relevant meme coins launched from the platform before the official launch of Robinhood Chain on July 1, but there wasn't much effect until July 8, when the CEO of Robinhood wrote on the X platform that “although we want to make Robinhood Chain the best payment chain for RWA, it also applies to memes,” and the market value of the meme coin CASHCAT launched from NOXA soared all the way up. NOXA also ushered in a turning point for the platform. According to Dune data, since July 8, the number of new memes added to the Robinhood Chain every day has skyrocketed, with an average of more than 15,000 new memes added in a single day. Since NOXA was the first meme launch platform to support Robinhood Chain and is the launch platform for the leading meme coin CASHCAT, NOXA is still in the leading position under competition from over 10 meme launch platforms, and over 80% of Robinhood Chain's meme coins are launched from the NOXA platform. (Odaily note: The NOXA website went down on July 12 due to Cloudflare issues, so tokens could not be created) Robinhood Chain added more than 270,000 new memes each day. Although the daily active wallet volume and daily token additions are not as good as Pump.fun, since July 8, the NOXA agreement fee has surpassed Pump.fun for 5 consecutive days, and the total agreement fee has exceeded...

40d agoburnking#NOXA #Pump.fun

Data: MegaETH full-chain TVL fell nearly 60% in 24 hours, or due to Aave V3 capital withdrawal

In comparison, according to DeFilLama data and X user @y_cryptoanalyst, MegaETH's full-chain TVL has dropped to around $31.18 million, down 59.44% in the past 24 hours. Among them, the TVL of Aave V3, the leading on-chain protocol, was around $11.09 million, down 80.10% in the past 24 hours, and 86.34% in the past 7 days. Judging from DeFilLama data, Aave V3 is still MegaETH's largest TVL source at present, and its capital fluctuations have had a significant impact on the full chain data. The user said that MegaETH's sharp TVL pullback round is closely related to the withdrawal of Aave V3 funds, bluntly saying “success is Aave, loss is also Aave.” This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

44d agoburnking#On-chain dynamics

Sorting out on-chain trading tools, how to find the next “ANSEM” faster?

Article: Sanqing, Foresight NewsSolana broke out of another Express Token on the chain, ANSEM, with a market capitalization of over 100 million in about a day, and the chain hasn't been this busy for a long time. When it first launched in mid-June, it was no different from hundreds of SGD a day, until well-known trader Ansem (@blknoiz06) tweeted that he wanted to distribute his creator fees to the community, and the “indirect platform” narrative instantly exploded, and money poured in. This kind of token isn't available every day, but as long as the Meme market is still around, similar opportunities will exist. After several years of iteration, on-chain trading tools are mature enough in all segments. However, the actual operation of most players remains in a state of extreme “bulk”. I saw a new contract on “cx” on the community or Twitter, open the website to check the history of Pixiu and Dev, and then open the wallet search address to trade... In the meme market, when you confirm that you are safe and ready to place an order, the first smart money or “big discount” to enter the market is often ready to be sold. Go through the addresses on the chain that have dominated the profit list for a long time. Basically, they all have a high transaction frequency and huge transaction volume. The entire operation has long since solidified into an assembly line. It's really hard for the average player to achieve that kind of “scientist” level of fully automated crushing, but we at least used a ready-made mature platform to create our own workflow. We don't want to be able to wipe out the profits of the market like the top players, but we do our best to lose and earn more with less. Scan the chain and discover that now there are also a large number of people who are swiping through Twitter and social media to find new targets. It's not that this gameplay doesn't work, but it's at least a few minutes short between a message being changed, being discovered, tweeted, and then viewed by you. In Meme, a casino where money is calculated by the second, when you see the tweets, all the smart money that entered the market early is ready to be destroyed. Birdeye - A real-time data desk on Solana. Prices, transactions, trend lists and new currency lists are refreshed in real time, and also covers multiple chains, and is a starting point for many traders to watch the market. DEX Screener - the main theme is “all”. There are more than 60 chains. For multi-chain players, this is a basic monitor that never shuts down, and you can cut through and watch as soon as there is wind and wind. With DexTools, you can also explore the history and position structure of a single currency in more detail. However, these tools have a common blind spot. Although the chain and data coverage are quite comprehensive, it is not possible to intuitively see what addresses are being traded. GMGN - If the first two tools solved “seeing,” what GGGN wanted to solve was “seeing before others.” The Trench Dashboard arranges the tokens according to “Newly Created/ Graduated/Opened”, and each token will directly indicate whether smart money has been purchased; Convergence Trench also further combines the new coins of the Solana and BNB Chain chains on the same page to track and trade with shortcuts, eliminating the loss of switching back and forth between multiple tools. For opportunities such as ANSEM that rely on narrative catalysts for rapid growth, the first time a smart money signal appears is often more valuable than any analysis. Contract verification and chip analysis The vast majority of memes now come from standardized launchers, such as Pump.fun on Solana, Four.Meme on BSC, Clanker on Base, etc. The contract itself doesn't have many tricks; what you really need to prevent is the behavior of Dev and insiders: opening bundles in advance, Insider Group control, and liquidity can be withdrawn at any time. GMGN — Its token detail page is one of the most information-dense tools. The right panel focuses on showing the share of Top 10 holdings, the share of DEV holdings, mouse barrels, fishing wallets, and bundled transactions, as well as the four security states of non-pirate, open source, abstention, and locked, the composition of the first batch of buyers and snipers of the SGD, as well as developers' wallet addresses, funding sources, and other issued tokens. In terms of chip structure, GMGN directly incorporates bubble maps. Click “Chip Analysis” on the details page to view address associations and suspected control panels, eliminating the step of opening Bubble Maps separately. Bigger bubbles mean more positions. The connection indicates that there is a connection between addresses. If several big bubbles are strung together, you can tell at a glance whether a group of people control the board. Of course, each chain also has its own special tools worth having. RugCheck - Solana standard, run risk score, Insider Net...

53d agoForesight News

Can we invest or not, we won't: a nine-year review of a VC after four cycles

Interviewee: Jocy, IOSG Founder Article: Joe Zhou, Foresight News has invested for nine years, and we slowly realized one thing: the hardest question to answer is actually not “what kind of founder can succeed”, but -- assuming the right track is chosen and there is no problem with the direction, why did some highly qualified founders not survive in the end? Half of the answer lies with the founder, and the other half on the direction he chose and when to enter the market. After four cycles, certain models began to resurface over and over — although each founder's story was different, every segment of the market context was different. But one conclusion is becoming increasingly clear: successful founders are all wonderful, while failed founders are surprisingly similar. In nine years, hundreds of projects have been invested, and we have seen the rise and fall of too many Web3 entrepreneurs. Behind every failed investment is the cost of real money — millions for less, tens of millions for more. To prevent the same mistakes from happening again, I built a “failed founders database”. The goal is simple: prevent yourself from stepping on the same river continuously. There is never a “try again” option in the capital market, but we can choose to turn other people's pits into our own signpost. Looking at these failures, we are not only trying to improve our own hit rate, but we also hope to help more entrepreneurs take fewer detours. The 6 types of failed founder portraits I have a habit of individually reviewing deals with each colleague every quarter; every half year, the whole team does in-depth alignment; at the end of the year, I pull up a list of all the successful and failed projects I have invested in in the past. The first half of 2026 has just come to an end, and taking advantage of this replay, we have added and summarized a “Portrait of a Failed Founder”. With this database, we hope to be able to turn the pits we've stepped on into muscle memory and avoid those deadly reefs in advance. After four cycles of trial and error, these failure patterns gradually became clear — although every founder's story is different and every market context is different, the logic behind it is strikingly similar. Before we expand, though, we need to be clear: the following models fall into two categories. The first category is at the level of the founder's characteristics, relating to a person's emotions, resilience, judgment, and self-perception; the other category is at the level of project structure, relating to structural choices such as token design and capital strategy. The former is about people; the latter is about things. Problems such as founder traits are rooted in the founder's own personality, mentality, and internal drive. They have nothing to do with technology, nothing to do with the racetrack, but they are often the first to kill the project's culprit. The first category: emotional instability. This is the most fatal category. When a project is retracted 80%, the community is being attacked intensively, and there has been no progress for 3 months, how the founder reacts almost determines whether the project can survive. Failed founders get bogged down in emotions at these times — repeatedly proving themselves on Twitter, breaking out in internal conflicts with co-founders, and connecting with users in community groups. Under the same kind of pressure, the successful founders were already breaking down the problem and working on Plan B in the first week. Actually, you don't have to wait until it's retraced to see it. You can measure it before you invest: politely push back (question) his core assumptions to see how he responds. Some founders will seriously debate with you; they should stick to it, and the amendments will hold steady throughout the process; others will immediately defend or even fight back when they are being respected and questioned. The problem described by the latter was revealed earlier and more reliable than how he performed during the 80% retracement. Type II: Lack of Hunger/ Retreat Type is easily overlooked because it's not “conspicuous.” If the founder has a soft enough safety net behind him — whether it's family wealth, a high-paying retreat from a big company, or a “it doesn't matter if you can't do it” mentality — his choices in the darkest hours tend to deviate from the optimal solution. Starting a business is a place of death. Without the four words “full commitment”, it is difficult to get through the cycle. We once discussed a project at IC, and there were huge differences in internal voting that day. It's a team where both Paradigm and a16z are willing to bet. The founder's family background is very good. He is also an LP for several US mega funds (top venture capital institutions over 5 billion US dollars), and these mega funds are also willing to support them. Looking at the investor structure (lineup) alone, this is one of the most beautiful deals we've ever seen. But that day our dispute about this project continued until 1 a.m. At last...

57d agoforesightnews#VC #originators #cycles #BEARISH #Bull market #venture capital

Big unlocks this week: H, MEGA, SAHARA and others will unlock over $50 million in tokens

According to Token Unlocks data, H, MEGA, SAHARA, etc. will unlock a large amount of tokens at once this week, releasing a total of over 50 million US dollars, of which: Humanity (H) will unlock 266 million tokens worth about US$54.77 million, accounting for 9.41% of circulation; MegaEth (MEGA) will unlock 250 million tokens on June 23, worth about US$13.54 million, accounting for circulation 32.83%; Sahara AI (SAHARA) will unlock 1.03 billion tokens worth approximately $14.75 million on June 26, accounting for 30.1% of circulation; Plasma (XPL) will unlock 8889 million tokens worth approximately $10.42 million on June 25, accounting for 3.56% of circulation.

61d ago