Social · 1183

US Treasury bans ESG funds from appearing in “Trump accounts”

Comparing news, the US Treasury banned ESG funds from appearing in “Trump accounts.” According to reports, regulations that restrict ESG funds from being included in Trump accounts go hand in hand with other regulations that ensure that account investment options are inexpensive to ensure that investors retain more funds. An ESG fund refers to a fund that not only considers the financial performance of an enterprise, but also incorporates the three types of environmental (environmental), social (social), and corporate governance (governance) factors into the screening criteria in investment decisions. ESG funds look not only at “whether the company can make money”, but also “whether the way the company makes money is sustainable and in line with social responsibility.” (Fox News)

2d ago

What happened to Farcaster, which was sold twice in a year and is valued at $1 billion?

Author: Shenchao TechFlow Original title: Farcaster, which was once valued at 1 billion US dollars, ushered in a project resold for the second time in a year, and was sold twice within a year. What an experience. On August 17, Farcaster operator Neynar's co-creator Rish announced the search for a new team for the Farcaster agreement, official app, and coin platform Clanker. The company returned the remaining funds and the team later disbanded. It's only been 7 months since Neynar took over the project from the founding team. And that handover was Farcaster's first “sold”. This Web3 social star, once invested by Paradigm and a16z and valued at $1 billion, has entered the process of finding a home for the second time in a year. The founding team that left first On January 21 of this year, Farcaster's founding team, Merkle Manufactory, did an uncommon thing: handing over all of the agreements, codebase, official app, and Clanker to Neynar, and then refunded all of the $180 million in financing to investors. The two founders, Dan Romero and Varun Srinivasan, joined the payment chain Tempo (a project incubated by Stripe and Paradigm). The money was refunded, the people left, and the project was left behind. The takeover, Neynar, a middleware company that makes Farcaster development tools, raised $11 million in Series A in 2024. What it saw when it took over was a developer-first social network and a coin machine that was printing money. After 7 months, it also started looking for a new home. Rish wrote in the announcement that the acquisition seemed like a good choice at the beginning of the year, but then it changed so much that Neynar “no longer fits the needs of the next phase.” The announcement was posted on Farcaster in advance, and he said, don't be so sudden this time around. The money printer temporarily shut down. Among the assets Neynar took over, the most valuable was Clanker, an AI one-click coin issuing robot. At the beginning of this year, when the AI coin issuance hype was at its peak, it was Farcaster Ecological's cash cow, which swept away $35 million in on-chain coin service fees in one quarter. According to DeFilLama data, Farcaster Ecosystem's agreement fee: $35.43 million for the first quarter of 2026. In the second quarter, $4.67 million. From July 1 to August 17, $377,000. But for the past 24 hours, the agreement cost was only $4001. From 35.43 million in a single quarter to 4,000 in a single day, the drop was 99%. The cumulative processing fee of 94.1 million US dollars since its launch has become a monument parked at the top of the mountain. Meanwhile, CLANKER token repurchases, which are fed by handling fees, have stopped. The cost side is also an issue. According to Rish, to keep this full-stack social network running, it costs 100,000 dollars a month, and at its peak, 500,000. However, in the last 30 days, the revenue of the entire ecosystem was $120,000, which can only be said to cover the monthly consumption of the project. At the same time, RiSH also wrote on Farcaster: The operating cost is really high, but it really wasn't a factor in our decision. This number is being disclosed because it may influence the next team's decisions. Our balance sheet can absorb current costs indefinitely. The other sentence is more straightforward: “This is not a financial decision. Gathering energy is much harder than raising capital. “(It's much harder to raise energy than capital.) is probably the most accurate microcosm of Farcaster's development over the past seven years. Perhaps the problem with the consumer-grade social illusion Farcaster really isn't the cost. After the market is booming, it is not critical how much money the project burns this month, because the existing capital can still cover this part. But in terms of direction and demand, one question is hard to avoid: Why are users leaving X and coming to you? Alliance Co-Founder Imran's review is straightforward: Farcaster was a useful...

4d ago深潮TechFlow#Farcaster #WEB3

Trump is being sued for planning to sell quick access to Truth Social posts

Comparing news, according to Bloomberg, Trump has been sued for planning to sell quick access to Truth Social posts. Will Trump say “Stock Market” during visits in New York? Yes No Powered by Moment Predict. Earn points. Unlock the Airdrop Edit Delete PoliticsWill Trump say “Stock Market” during discussions in New York? YesnoDonald Trump is scheduled to give in New York on August 14, 2026. (https://x.com/bern_hogan/status/2086883175402184730). This market will resolve to “Yes” if Donald Trump says the listed term during the specified appearance. Rejected, the market will resolve to “No.” This market is considered about Trump's suggestions in New York on August 14, 2026 (https://rollcall.com/factbase/trump/calendar/). Speeches, events, or comments that happen outside of the named, scheduled event will not discuss this market's resolution. If this event is definitively cancelled, or rejected is not available by August 15, 2026, 11:59 PM ET, “-No Qualifying Event-” will resolve to “Yes” and all others Brackets will resolve to “No”. The resolution source will be audio/video of the event.politics2026-08-152026-08- 15T 06:59:59.999 Z https://moment.vision/mapi/uploads/openai/images/20260812180030_5baa40e6c9ed41ce.jpg6a7cb4d1be5ceaec146ac8a7

10d ago

Selling posts, buying bitcoins, and merging nuclear fusion companies, Trump's media is becoming one of the “Four Dissimilar”

Author: KarenZ, Foresight News Original title: Trump Media, what kind of company is it becoming? One company only earned $1.67 million in revenue in the second quarter, but recorded a net loss of $238 million; it just cut off a CRO treasury company's listing plan and swapped about $160 million in Bitcoin-related equity securities for spot BTC; its latest business was to sell public posts from leading accounts to Wall Street using a low-latency data interface. Finally, management told investors that the company's most important future value driver is a nuclear fusion enterprise. These businesses, which don't seem to be on the same track, are now all concentrated on Trump Media & Technology Group (Trump Media & Technology Group). On the face of it, Trump Media's revenue for the second quarter increased 89% year over year, and it seems that it has finally found growth. However, if you unpack the financial reports, you'll find that Truth Social's original advertising revenue is actually declining. The huge losses are mainly due to fluctuations in crypto asset prices. The $1.9 billion “financial assets” promoted by the company are not equivalent to freely usable cash; only about 425 million US dollars is cash and short-term investments. At the same time, it is experimenting with a more specific new business: selling public posts from leading accounts, including Trump, to Wall Street trading institutions with lower delays. Therefore, what is really worth watching about this financial report is that Trump Media is redefining what it actually makes money from. Behind revenue of 1.67 million US dollars, Truth Social advertising actually declined Trump Media's revenue in the second quarter, up about 89% year over year; net loss increased from 20 million US dollars in the same period last year to 238.1 million US dollars. The main factor causing the huge loss was not server, staff, or content costs, but changes in asset prices. The loss of digital assets and pledged digital assets for the quarter was US$116.7 million, and investment losses were US$71.76 million. The combined loss of the two was approximately US$190.4 million. However, in turn, the media business cannot be assumed to be close to break-even because losses mainly come from book fluctuations. After excluding the digital asset losses of US$116.7 million for the quarter according to the operating profit scale, the remaining business and corporate expenses still corresponded to an operating loss of approximately US$46.82 million; of these, general and administrative expenses reached US$35.94 million, and legal expenses alone were US$25.62 million. The company says the costs are mainly due to legacy lawsuits prior to the DWAC merger and are expected to decline as the case is resolved. What is more likely to be overlooked is revenue composition. Second-quarter ad revenue was $1,43.48 million, Truth+ subscription revenue was $17.95 million, and Truth.Fi management fees were only $554 million. The 10-Q document clearly stated that Trump Media's revenue growth was mainly due to a barter advertising agreement, Truth+'s Patriot Package subscription, and ETF management fees, while Truth Social's own advertising revenue declined. In other words, “89% increase in revenue” is true, but that doesn't mean Truth Social's original advertising business grew 89%. A significant portion of the increase comes from new business and non-traditional advertising arrangements, which is more reflective of the current state of the business than reporting a separate doubling of revenue. $1.9 billion in “financial assets” is not $1.9 billion in cash Trump Media highlighted in a press release that the company had total assets of approximately $2,019 billion at the end of the second quarter, of which approximately $1,863 billion was classified as “financial assets.” This number seems quite plentiful, but when taken apart, its meaning changes. As of June 30, the company's cash and cash equivalents were $215.5 million, short-term investments were $209.2 million, and $30.74 million in restricted cash. The rest mainly includes $480.5 million in equity securities, $200 million in convertible notes and interest receivable from TAE, and approximately $719.8 million in digital assets and pledged digital assets. At the same time, the company's debt was approximately $9703 million. Most notable is the $1 billion convertible senior guarantee note. The note nominally doesn't expire until May 2028, but the holder has the right to...

10d agoburnking#Trump media

With weekly revenue of 3.2 million US dollars, FOMO is so popular that Pump.fun starts to rob people

If you just look at the name, Fomo looks like yet another popular crypto trading app. But over the past two months, its growth rate has begun to be hard to ignore. Fomo co-founder Paul Erlanger revealed that the platform's weekly revenue reached a record $3.2 million, growing for the 8th week in a row, 70% higher than the previous week's record. As of August 11, Fomo ranked 16th in the financial category on the US App Store, with about 7,300 ratings and 4.8 ratings. The ranking was previously in the top ten. In June of this year, Fomo just completed Series B financing of 75 million US dollars, led by Index Ventures. According to official data, one year after launch, Fomo has more than 625,000 users, a cumulative transaction volume of more than 4 billion US dollars, and generated more than 110 million social interactions. Of these, 68,000 users purchased Crypto for the first time through Apple Pay in Fomo, with a cumulative amount of about 25 million US dollars. In other words, Fomo is doing something that many Crypto products have always wanted to do, but which is not easy to do: bring ordinary users who are not familiar with wallets, Gas, and on-chain transactions directly into the market. And this is the real reason why Fomo is suddenly in the spotlight recently. Why is Fomo running so fast? Fomo did not create new financial products; it mainly reworked users' transaction paths. Traditional on-chain transactions are often: first see a token on X, Telegram, or Reddit, then check the market, find a contract, open a wallet, prepare gas, and finally trade. Fomo pushes these links into a feed: users first follow people, see what friends or leading traders have bought, and then directly complete the transaction; complicated steps such as Apple Pay, cross-chain, and Gas are hidden in the background as much as possible. As a result, Fomo is more like a “social product with transaction features” rather than a “wallet with social features.” Galaxy Research analyst Will Owens studied this trend and said that the trading interface is shifting from revolving around “charts” to revolving around “people.” In the past, users first found an asset and then studied it; now they may first focus on the trader and then discover the asset from his behavior. Fomo isn't the only company seeing this opportunity, though. Robinhood has launched a beta version of Robinhood Social this year, where users can follow other investors, view real and verified trades and returns, and trade stocks, options, crypto, and prediction markets directly from the feed. Coinbase's Base App has also put social feeds, transactions, payments, and app discovery into the same product. Users can follow traders and copy transactions. Phantom, on the other hand, relies on the stock advantage of more than 20 million users and is adding features such as Trending Tokens, Top Traders, perpetual contracts, and predictive markets. Everyone is starting to do the same thing, which shows that “social+trading” is becoming the direction of joint competition for retail trading products. Pump is in a hurry and is starting to target Fomo users? Originally, the two were not direct rivals. Recently, however, a “gagging agreement” has been circulating in the community: FOMO community user CLR announced a user migration agreement supposedly from Pump.fun. Allegedly, eligible Fomo traders can receive a one-time signing bonus of $20,000 and a fixed monthly remuneration of $30,000, but they need to transfer funds and positions, use an exclusive wallet, bind to an X account, and close the Fomo account while meeting minimum transaction volume requirements. Currently, Pump.fun has not publicly confirmed this agreement. If the agreement is true, one detail is worth noting: According to the disclosure, the minimum monthly transaction volume requirement for subscribers is only $25,000, or 25% of the previous average monthly trading volume of Fomo. If you only calculate the minimum threshold, the monthly remuneration of 30,000 US dollars clearly cannot be covered by the processing fee generated by this user himself. This means that what Pump is really willing to spend money on is probably not the individual trading volume, but the public identity, followers, and subsequent transactions behind the trader. The two projects actually do different things. Fomo starts with “people and content”: first establishing relationships with feeds and traders, then directing traffic to assets; Pump starts with issuing tokens and then expands to swap and trading terminals. One is more biased towards demand and distribution, and the other is more focused on asset supply and trading infrastructure. But when both parties start to make love...

10d agoWendy#FOMO #MEME #Pump.fun #Robinhood #transactions

After losing 140 times in revenue, the company chose to continue to increase its Bitcoin position

Author: Shenchao TechFlow Original title: Truth Social's parent company lost US$238 million in a single quarter: US$190 million in crypto holdings. The company announced a tightening of its treasury strategy. Shenchao Guide: Trump Media had a net loss of US$238 million in the second quarter, of which US$190.4 million was an unrealized loss of digital assets and stock securities. The company announced a “more disciplined management framework” for crypto vaults, but in July it bucked the trend and increased its holdings of nearly 4,700 bitcoins. A company with revenue of only 1.7 million dollars now holds nearly 900 million dollars worth of Bitcoin. Its story doesn't have much to do with the main media business. On August 10, EST, Truth Social's parent company Trump Media & Technology Group (NASDAQ: DJT) released financial results for the second quarter of 2026: net loss of US$238.1 million, compared with a loss of only US$20 million in the same period last year; adjusted EBITDA loss of US$2235 million. The day after the earnings report was released, Cointelegraph reported that the company will “restructure the digital asset treasury strategy.” Revenue of $1.7 million, net loss of $238 million: First, let's take the most glaring comparison of financial reports: second-quarter revenue of $1.7 million, net loss of $238.1 million, loss 140 times revenue. But if you break up the loss structure, you'll find that the part that actually burns cash is far less scary than the title. The company stated in its financial report that “the vast majority of losses are non-cash losses”: unrealized losses of US$190.4 million in digital assets, pledged digital assets and equity securities, US$11.7 million in value-added interest, and US$8.1 million in equity incentive expenses. The actual cash used in operating activities was $13.7 million, of which $25.6 million in legal expenses were still left over from litigation expenses covered by a pool of financial assets. In other words, the essence of this $238 million loss is: the Bitcoin price correction in the second quarter directly broke through the profit table according to market capitalization rules. The company's cumulative net loss for the first half of the year reached US$644 million. Instead, after losing money, the market's first reaction was “is it necessary to cut meat when losing money?” The position data gave the opposite answer. As of June 30, the company held 9477.16 bitcoins, a slight decrease of 65 from 9542.16 at the end of last quarter. However, in July, the company sold Bitcoin-related securities worth $159.6 million and exchanged all of the proceeds for spot Bitcoin. By July 31, the holdings had risen to approximately 14,139 units (including the pledged portion), worth approximately US$890.5 million at the current price. A company has total assets of $2 billion, of which financial assets are about $1.9 billion, while Bitcoin accounts for nearly 900 million dollars. Trump Media's asset structure is already deeply tied to Bitcoin. The treasury gameplay is highly financialized: behind the numbers of pledges, options, and loan positions, it is a far more complicated set of operations than “holding coins and waiting to rise.” The 10-Q file shows that the company is already using options strategies to manage Bitcoin fluctuations and earn premium income, while deploying some of the bitcoins to third parties to obtain benefits through loans and other arrangements. By the end of the second quarter, 2077.34 bitcoins had been pledged to the options strategy, and 4260.73 were locked as collateral for convertible bonds. Risks are also described in the financial report. The company warned that some counterparties “may not have ratings from mainstream credit rating agencies”. Once the market declines or the counterparty goes bankrupt, bitcoins under unsecured arrangements may not be recovered; bitcoins in deployment cannot be freely sold or re-pledged. So-called strategic restructuring: cooling down the treasury and transferring resources back to the media industry's official statements about strategic adjustments are quite restrained. According to the financial report, the company will implement a “more disciplined digital asset vault management framework” with the goal of “managing fluctuations and improving balance sheet output efficiency while retaining long-term strategic exposure.” At the same time, the company said it will invest more resources at the core of media businesses such as Truth Social and Truth+. Interim CEO Kevin McGurn said in the earnings report: “Over the past few months, we have clarified our strategic direction and brought real discipline to capital allocation. We are progressing steadily towards merger with TAE Technologies while better directing resources to the core pillars of the media business. This effort...

11d agoburnking#social #Truth+ #Bitcoin

Looking ahead to Trump's tweet, Truth Social plans to sell high-speed data access services to financial services institutions

Comparatively, according to official announcements and reports such as the “New York Times”, Trump's Truth Social is selling high-speed data access services for key account posts on the platform to financial service institutions through the newly launched Truth API. The interface went live on August 1, and the company says it has signed more than ten customer agreements and has begun contributing revenue. The exact length of time that interface is ahead of ordinary users has not been publicly disclosed. TMTG only claims that it will deliver posts in milliseconds, while Reuters says it will be significantly faster than regular push notifications. For high-frequency and algorithmic trading institutions, even a time difference of a few seconds may form a trading advantage. Truth API offers around $60,000-$100,000 per month, according to Truth Social sources. According to estimates from more than 10 customers, the business's annualized revenue may reach about 8 million to 13 million US dollars. In contrast, Trump Media's total revenue for the second quarter was only 1.7 million US dollars, which means that if the data interface is steadily renewed, it will become an important additional source in the company's revenue structure. The selling point of this business is speed. For trading institutions, what Trump posts on Truth Social may affect individual stocks, industries, and even policy expectations. Get relevant posts faster, which can be turned into a trading advantage. However, Truth Social's own traffic is under pressure. The Financial Times quoted Similarweb data as saying that the number of daily mobile users dropped from about 436,000 in July 2025 to about 2.61 million in July 2026. The decline in traffic will reduce the room for advertising growth, but API revenue depends on a few high-paying institutions, and the business logic is closer to financial data authorization. Currently, Trump Media has not separately disclosed Truth API's actual revenue. Next, the market will focus on whether the business can continue to expand the number of customers and form a verifiable revenue contribution in future financial reports.

11d ago

[Comparative Daily News Picks] Nvidia teamed up with Wall Street giants such as Apollo and Blackstone to plan $500 billion AI infrastructure financing; Damo launched a $1.5 trillion US innovation infrastructure plan to focus on cutting-edge technologies such as AI; Vitalik updates the Ethereum roadmap: quantum security, privacy protection, and AI-assisted formal verification have become new priorities; Federal Reserve Hamak: Multiple rate hikes may be needed to reduce inflation

Daily AI · Crypto · Macro · Market News, Bitpush helps you draw priorities ↓ AI · News [Nvidia teams up with Wall Street giants such as Apollo and Blackstone to plan 500 billion US dollars of AI infrastructure financing]. Comparing news, the Financial Times quoted people familiar with the matter as saying that financial group alliances including Apollo Global, Blackstone, BlackRock, BlackRock, global infrastructure partnerships owned by Blackfield, Goldman Sachs, and KKR are cooperating with Nvidia (NVDA.O) to prepare an infrastructure with a scale of 500 billion US dollars The financing plan is likely to be announced on Monday as soon as possible. The partnership shows that Nvidia is strengthening its financing layout to raise capital for itself and its customers to build core infrastructure for the AI era, including chips, energy supply, and data centers. Meanwhile, private capital giants are planning to invest trillions of dollars in assets such as insurance funds and institutional funds in the AI infrastructure sector. [Damo launches $1.5 trillion US innovation infrastructure program, focusing on cutting-edge technologies such as AI] In comparison, Morgan Stanley announced the launch of the “American Innovation Infrastructure Initiative”, which plans to promote capital raising and investment activities of about 1.5 trillion US dollars over the next 10 years to support the growth of the US economy. The plan will focus on strategic areas such as artificial intelligence, quantum technology, and semiconductors, and promote the construction of digital and physical infrastructure. [Nearly 7 million users of the Zhi Spectrum API, more than 50,000 new domestic AI chips have been used to relieve computing power pressure] According to the “Late LatePost” report, the number of registered users of the Zhi Spectrum MaaS open platform is close to 7 million, an increase of about 2 million over the beginning of July, of which the number of enterprise customers has reached 23,000. Its developer product zCode surpassed 1 million users a month after launch. Smart Spectrum's ARR (Annual Recurring Revenue) has increased about 15 times since this year, the report said. Market sources revealed that Smart Spectrum's current ARR may reach $2 billion, but this figure has yet to be officially confirmed. As demand for model calling grows rapidly, Smart Spectrum is expanding domestic computing power infrastructure. According to information, Smart Spectrum has used more than 50,000 domestically produced AI computing power chips to mitigate the growing demand for inference. Earlier, it was rumored in the market that Smart Spectrum has built a domestic AI computing power infrastructure with a scale of 1 GW. [OpenAI launches GPT-5.6-Cyber, opening up stronger AI capabilities to security personnel] In comparison, OpenAI announced the launch of GPT-5.6-Cyber and expanded the cybersecurity program Daybreak to provide audited cybersecurity defenders with an AI model more suitable for advanced security work. OpenAI said it hopes to hand over cutting-edge AI capabilities to trusted defenders before attackers deploy autonomous cyber attacks on a large scale. Daybreak is divided into two levels: Daybreak Blue provides GPT-5.6 Sol access without system-level cybersecurity restrictions; Daybreak Red provides GPT-5.6-Cyber access for vulnerability verification and advanced vulnerability research. Testing showed that GPT-5.6-Cyber responded to 95% of requests for advanced cybersecurity tasks, including exploit-chain development, authentication bypass, and privilege escalation. According to OpenAI, high-risk capabilities will only be open to approved users and will be equipped with additional controls and monitoring measures. Crypto · Market [Vitalik Updates Ethereum Roadmap: Quantum Security, Privacy Protection, and AI-Assisted Formal Verification Become New Priorities] In comparison, Ethereum co-founder Vitalik Buterin posted an article on the X platform saying that he has updated the 2023 Ethereum roadmap and compared the technical direction in the previous roadmap with the current “Strawmap” plan. Vitalik said there is a large overlap between the two as a whole, but some technology priorities and implementation paths have changed. Vitalik said that some directions have been reordered, such as the importance of quantum safety technology being further enhanced; some project priorities have been lowered, including VDF (verifiable delay function) and some EVM improvement solutions; other technical routes have been replaced by more advanced solutions, such as Verkle Tree evolving into a unified BT (Binary Tree), and state expiration (state expiry) is shifting to a new state type...

11d agoWendy#Compare Daily Picks

Trump Media's net loss in the second quarter exceeded US$238 million, and revenue was less than US$2 million

Comparing news, Trump Media & Technology Group (DJT) released its second-quarter earnings report on Monday, with a net loss of over US$238 million and revenue of less than US$2 million. The company disclosed that losses were mainly caused by the depreciation of digital assets, with Bitcoin and other crypto asset holdings surging losses of more than 190 million US dollars. According to financial reports, the company's quarterly revenue of $1.7 million was mainly from Truth Social advertising services, which increased 89% year over year. However, operating expenses exceeded US$165 million, a sharp increase of 275% over the previous year. The CFO said that large fluctuations in spending are mainly affected by the price of crypto assets. Truth Social traffic dropped sharply this summer. The company's Truth API has signed contracts with more than 10 customers, mainly high-frequency trading companies, with monthly fees of 60,000 to 100,000 US dollars. Furthermore, the company is shrinking two collaborations with Crypto.com, shifting its focus to the media business and merger with nuclear fusion company TAE. DJT closed down 8% on Monday, and its stock price has fallen by most since the beginning of the listing.

11d agoWendy#starters

20,000 US dollars signing fee+30,000 US dollars monthly salary, Pump.fun wants to “hollow out” FOMO

Source | Odaily Planet Daily Author | Golem Original title | $20,000 contract fee plus $30,000 monthly salary, behind pump.fun's FOMO corner Today's meme market is quite fragmented. Whether it's the chain ecosystem or the trading tools used, there is almost no intersection between overseas users and users in the Chinese region. This fragmentation not only diverts global meme funds to various ecosystems, but even “gossip” can't be heard. Recently, a gossip about “Pump.fun invests huge sums of money to dig into competitors' corners” went viral in overseas meme communities. The news was initially revealed by overseas user CLR, which stated that Pump.fun is using incentive programs to attract users to migrate from the FOMO platform to Pump.fun. According to the agreement documents disclosed by it, Pump.fun intends to provide eligible users with a one-time signing bonus of $20,000 and a fixed monthly compensation of $30,000. The agreement requires contracted users to transfer their FOMO platform funds and trading positions to Pump.fun; use a new wallet not previously used by other platforms as an exclusive wallet; bind the X account to the Pump.fun wallet; publicly declare the wallet as the only public wallet on the X homepage; and permanently delete and close the FOMO platform account. Additionally, users are required to meet actual transaction requirements, including completing at least $25,000 of monthly trading volume at Pump.fun (or 25% of the previous average monthly trading volume on the FOMO platform). As can be seen, in order to seize users of the FOMO platform, Pump.fun decided to take the lead this time. Translation of the full text of the agreement (Source: 0xAA) From a commercial point of view, this is a normal corporate competition. There are no legal issues. In entertainment platforms or user-centered business models, companies often pay KOLs or users with high fan influence to leave the competitor's platform and maintain the platform's exclusive agent. This competitive model is also quite common in China. For example, early short video streaming platforms such as Douyin, Kuaishou, B-station, and Huya signed exclusive contracts for influencer anchors at sky-high prices. But the first question that confuses those who eat melons in the first place is, who is FOMO? Pump.fun is the largest overseas token distribution platform. Fee revenue ranks in the top five on-chain agreement lists all year round. Why is it trying to rob FOMO platform users? What magic does the FOMO platform have enough to make Pump.fun nervous about business rivals? Daily Planet Daily will use “gossip” to analyze the current surges and dramatic changes in the overseas meme market. FOMO has become the main meme trading platform for users FOMO is a multi-chain meme trading platform. The business and services provided are similar to GMGN. The platform was launched in May 2025 and has only been in operation for more than a year, but according to RootData, FOMO has now completed 3 rounds of financing, with a total financing amount of 94 million US dollars, and a valuation of over 550 million US dollars. FOMO mainly serves overseas meme communities and mainly promotes mobile terminal transactions. Most users in the Chinese region probably haven't even heard of FOMO. What's even more shocking is that this platform, which you've probably never heard of or used before, has already surpassed Uniswap and Phantom in the past 30 days, and Trading Bot's market share surpassed GMGN to become number one in the market. According to DeFiLama, FOMO's revenue of $8.17 million over the past 30 days, while still falling short of GMGN and Axiom, has surpassed mainstream launchpads (Flap and Pons) on Phantom, Uniswap, and Robinhood. Meanwhile, according to Dune data, the total cost of the FOMO platform was US$30.39 million before press release. In the chart below, judging from the daily cost, the FOMO platform has experienced rapid growth since July. The average daily cost has exceeded 200,000 US dollars, and until now it has maintained an average value of $10. As of press time, the FOMO platform hit a new daily cost of $556,000 on August 6. After entering August, the FOMO platform continued to maintain high growth. As of August 8, the FOMO platform is on T...

12d agoWendy#FOMO #MEME #Pump.fun