Features Crypto News by Thebittimes.Com

Justin Sun’s memecoin platform, Sun Pump, is struggling to outperform its competitors as token launches and revenue plummet by 99.9%.  Sun Pump was launched in 2024 on August 9, joining a market that is already home to the likes of Binance’s Four Meme and Pump Fun. In that same month, reports indicated that Sun Pump was making more revenue and tokens than the largest memecoin launcher, Pump Fun. However, that momentum is almost entirely gone.  On January 31 and February 7, 2025, just four tokens were launched on Sun Pump, a 99.9% decrease from the over 7,500 tokens it launched on August 21.   A comparison of Pump Fun and Sun Pump’s revenue and token launches tracked by @adam_tehc. Read more: Justin Sun fights with music mogul David Geffen over $78M sculpture That’s according to @maditim’s analytics on Dune which notes a measly 38 tokens were launched on Sun Pump yesterday. On the other hand, a chart created by @adam_tehc notes that Pump Fun launched over ...

Join Our Telegram channel to stay up to date on breaking news coverage According to recent reports, the lower house of Kazakhstan’s parliament recently gave the green light to new bills that will bring additional regulations to the local crypto industry. The new bill is meant to introduce crypto mining rules, requiring miners to create authorized entities and register with the regulators. Of course, they will also be required to pay appropriate taxes. The government’s decision to tackle mining comes from the fact that Kazakhstan has grown into one of the world’s largest crypto-mining hubs after the miners were forced to leave China. However, the country has since seen a lot of so-called “gray mining,” where miners conduct mining operations without having the necessary license or registering with the government. To combat the issue, the lower house of parliament approved five new bills that will focus on the mining sector and mining pools. According...