Meme platform Pump.fun plans to launch its own native token

Crypto investors may soon have the opportunity to invest in all meme coins at once. Pump.fun, a platform for launching meme tokens based on the Solana blockchain, is going to create its own native token. According to the developers, it will be something similar to the BNB token used by the Binance crypto exchange - and "even more." However, no one has yet named a specific time frame for the implementation of the idea.

The main goal is that, according to them, the developers of the Pump.fun platform set for themselves by launching such an initiative is to reward the earliest users who have been working with the platform for a long time. And also, perhaps, to give it a new impetus, since all funds received from the sale of native tokens should be spent on further development.

 

Visa and Avalanche launched a cryptocurrency card

Avalanche announced the launch of the Avalanche Card, a new Visa card that allows users to spend cryptocurrency. Avalanche’s new Visa card will reportedly support Circle’s USD Coin USDC stablecoin, Wrapped AVAX (wAVAX), BENQI Liquid Staked AVAX (sAVAX), and more.

Avalanche Cards will be available in both physical and virtual forms, allowing users to spend their cryptocurrency “anywhere Visa is accepted,” the foundation said.

According to the Avalanche Card website, the credit card is linked to a “self-service wallet and a unique address for each asset.” The card’s description notes that user activity is “not reported to credit bureaus.”

The website notes that while the Avalanche Foundation launched the Avalanche Card, it is offered by fintech provider Rain Liquidity.

 

Transak Project Reports Data Breach of Over 92,000 Users

Payment service provider Transak has reported a cybersecurity incident that resulted in the data of 92,554 of its users being leaked. The company emphasized that the information in question was not critical or financially significant. According to the company's statement, the attackers gained access to:

• names;

• dates of birth;

• identity cards;

• photographs.

Transak noted that phone numbers, email addresses, passwords, and bank card details were not compromised. The company said it took all necessary measures immediately after discovering the incident.

The attackers gained access to the database by compromising a company employee's laptop, likely through phishing. Using the device, they logged into the panel of one of the service providers.

So far, the company has noted no signs that the stolen data was sold or otherwise used. At the same time, users are urged to remain vigilant.

The release also states that the gateway operates as a non-custodial platform. Transak does not store users' assets, therefore, they are not in danger.

 

Aurum Launches $1 Billion Tokenized Fund

Private equity firm Aurum Equity Partners said Tuesday it is launching a $1 billion tokenized equity and debt fund on the XRP Ledger (XRP) network, an enterprise-focused blockchain closely aligned with Ripple.

The fund focuses on data center investments in the United States, United Arab Emirates, Saudi Arabia, India, and Europe, and is claimed in a press release to be the “world’s first combined tokenized equity and debt fund.”

The fund uses technology from San Francisco-based tokenization service provider Zoniqx to create security tokens of underlying financial instruments.

 

Metallicus Receives FedNow Transaction Certification

Digital banking network Metallicus has announced that it has completed the testing and certification phase and launched its services on the US Federal Reserve’s FedNow instant payments platform.

The October 22 announcement comes more than a year after the Fed announced the integration of Metal Blockchain with FedNow, highlighting the lengthy certification process as the central bank ostensibly aims to eventually onboard thousands of financial institutions.

 

WhatsApp AI Tricked into Showing Restricted Content

Decrypt journalist Jose Antonio Lanz was able to bypass the security of Meta’s AI integrated into WhatsApp and generate censored content.

Mark Zuckerberg’s company recently launched a line of products based on Llama 3.2, offering text, code, and image generation. Lanz conducted a series of experiments to bypass the security and tricked the neural network in WhatsApp “to do almost everything from helping to make cocaine to creating explosives to taking pictures of naked women.” At first, the AI ​​rejected requests for information about drug production, but the journalist changed the wording of the questions. As a result, it provided step-by-step instructions.

 

An insider caused the price of the SHARPEI meme token to plummet by 96% in one transaction

On October 23, an unknown insider sold half of the total emission of the SHARPEI (SHAR) meme coin, causing the coin's price to plummet by 96%. This was noted by analysts at Lookonchain. The trader spent 5,710 SOL ($948,000) from 16 addresses to buy 665.6 million SHAR (66.56% of the total supply), distributing them across more than 100 wallets. Then he sold 500 million SHAR in one transaction for 19,620 SOL ($3.38 million), earning 13,910 SOL ($2.4 million). This led to a sharp collapse in the token price — from $0.042 to $0.0027. Due to the price fluctuations, another user lost a large amount of money on the meme token. Previously, he purchased 27 million SHAR for 2952 SOL, but was only able to sell them for 471 SOL with a loss of 2481 SOL ($429,000).

 

The UTONIC protocol introduced a restaking program for The Open Network

On October 21, the UTONIC protocol launched uTON, a restaking program in The Open Network (TON) blockchain. This was reported in the company's press release. In honor of the launch of the program, UTONIC will hold two events:

TonicWave is a loyalty program for UTON users. They will receive native yield and additional UP points for placing TON in the protocol for the release of uTON and staking uTON in pools; Binance Web3 Wallet is an activity for Binance clients. Owners of the exchange's Web3 wallets will be able to join the restaking on TON. The UTONIC team will reveal details of the campaign in X and Telegram. According to the project's website, uTON is the first restaking protocol for Toncoin (TON) tokens. On October 12, the UTONIC team published a restaking proposal in TONResearch. According to the project team, it will improve the security of the growing number of applications in Telegram, and will also encourage more TON holders to participate in staking.