Features Crypto News by Thebittimes.Com

Burwick Law is seeking potential claimants as it prepares to launch legal action against Believe, a crypto firm and app that was allegedly used to scam retail buyers. The Believe app is part of the so-called “Internet Capital Markets” trend, which allows anybody to raise capital by tokenizing ideas, products, or communities. Believe lets users launch tokens and link them to a project simply by tagging its affiliate X account, “@launchcoin.” However, despite this apparently simple premise, Burwick Law argues, “So-called ‘Internet capital markets’ promise frictionless token launches, yet many offerings arrive with minimal disclosures and little regard for consumer protection .” Insiders are using the same hype playbook to push unregistered offerings with questionable underlying value onto retail investors. pic.twitter.com/E9tcqqzEKj — Burwick Law (@BurwickLaw) May 15, 2025 Read more: Burwick Law founder likely behind Pump Fun memecoin, report It said, “On ...

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 ...