ICYMI - Top Weekend Headlines

GM.

In case you missed it, here are the top news highlights over the weekend.

The summary:

1. Chinese memecoin raises $280m in presale
2. Tristan Tate says he “might start mentioning” crypto projects
3. Friendtech points trade in size at $4+ on Whales Market
4. Blast distributes gold points
5. Dexscreener to revise token profile moderation policy amidst racist tokens
6. ENS x Google - Wallet info available upon search
7. Avalanche introduces Phase 1 of ‘Memecoin Rush’
8. Spot BTC ETF experiences 5 consecutive outflow days
9. NIM Network, new AI gaming chain, airdrops NIM to several communities

Chinese Memecoin Raises $280m

In a record-breaking presale on BakerySwap, a Chinese memecoin called $PUMP raised $280m - goes to show how much people are capitalizing on the presale meta that kickstarted with BOME.

Tristan Tate on Crypto Projects

Andrew Tate’s brother, Tristan, states that he “might start mentioning projects”, as staying totally silent is keeping him out of many “interesting threads and conversations”.

Friendtech Points Trade in Size at $4+ on Whales Market

After the most recent friendtech announcement of giving 100% of onchain points (VC’s distribution) to the community, friendtech points have been regaining attention, and are now trading at $4+ in size on Whales Market.

Blast Distributes 10m Gold Points to Competition Winners and Mainnet dApps

Users can earn Blast Gold Points by using dApps that have received Gold, and through referrals. The distribution will be split in 2 phases, with the second coming in 2-3 weeks. The dApps that have received gold points in distribution 1 are here.

DEX Screener to Revise Token Profile Moderation Policy

In a distasteful turn of events over the weekend, memecoins on Solana became increasingly unhinged, with many newly created tokens accompanied by a racist ticker or name. In response, DEX Screener, home to much of these low market-cap coins, will be revising their token profile moderation policy to provide some level of oversight.

ENS x Google - Wallet info available upon search

ENS officially partnered with Google - enabling wallet balances to display after a google search of a wallet’s ENS (Ethereum Name Service). Pictured below, we can see that ‘vitalik.eth’ holds 955 ETH.

Avalanche introduces Phase 1 of ‘Memecoin Rush’

‘Memecoin Rush’ is a liquidity mining incentive program to drive momentum for the memecoin ecosystem on Avalanche. For this phase, Avalanche provided $1M to incentivize LPing for 4 particular tokens - $COQ, $NOCHILL, $KIMBO, and $TECH.

Spot Bitcoin ETF Experiences 5 Consecutive Outflow Days

To close the week, the spot Bitcoin ETF experiences 5 consecutive days of outflow, with Grayscale’s GBTC being the largest negative contributor as investors flock to lower option fees like BlackRock’s IBIT.

NIM Network Airdrops to Several Communities

NIM Network, the new AI gaming chain, has airdropped 90M NIM tokens to a select few communities. Included in the list are:

• Parallel ERC-721/ERC-20 holders
• Pirate Nation NFT holders
• AI Arena NFT holders
• Today The Game
• Ocean Protocol
• Autonolas
• Gitcoin
• Pudgy Penguin NFT holders
• 9dcc members
• WolvesDAO SBT holders

Users can check here to see if they received the airdrop.

That's all folks - that should catch you up. Now let's start the week off strong 🫡