03:27
Solana Co-founder Has Evaded Service of Pump Fun Lawsuit Documents from Burwick Law Nine Times
According to Jinse Finance, Solana Labs co-founder Anatoly Yakovenko has successfully evaded service of a lawsuit related to Pump Fun nine times. The lawsuit accuses him of participating in the fraudulent “casino” operations of the meme coin platform. Law firms Burwick Law and Wolf Popper recently filed an amended complaint, naming crypto companies Solana and Jito, as well as several executives, as defendants in the case against Pump Fun. The legal team began serving the complaint to the defendants last week, including Solana Labs and Jito Labs. However, despite multiple “diligent efforts,” they have still been unable to serve Yakovenko, Solana co-founder Raj Gokal, Solana Foundation chair Lily Liu, Jito CEO and COO Lucas Bruder, and Brian Smith.
03:23
CMB International US Dollar Money Market Fund Achieves RWA and On-Chain Distribution
Foresight News reports that CMB International has recently announced a partnership with digital fintech company DigiFT and OnChain to achieve the tokenization of real-world assets (RWA) for its US Dollar Money Market Fund and enable on-chain distribution. CMB International stated that the fund is recognized by regulators in both Hong Kong and Singapore. This token product is the first to support deployment across multiple public blockchains, including Solana, Ethereum, Arbitrum, and Plume, and is also the world’s first product on the Solana blockchain to be linked to the performance of a public money market fund. The token product supports both fiat and stablecoin subscriptions and redemptions, and utilizes a proprietary liquidity management smart contract to provide real-time redemption for the tokens.
03:23
Infinex to Pause Yaprun After Season One to Implement Partial Improvements and Bot Nerfs
Foresight News reports that cross-chain DeFi aggregation platform Infinex has announced it will pause Yaprun after the end of the first season to implement certain improvements and anti-bot measures. Infinex explained, "The fundamental issue Infinex currently faces is that accounts following Infinex updates are overwhelmed by fake interactions. When Kaito's smart fan metric soared to over 100,000 accounts—many of which have questionable authenticity—we realized the system had collapsed. Infinex is more concerned about the 3,000 to 5,000 verified real users whose contributions are crucial to Infinex's narrative. Once Infinex addresses these challenges, the second season will return."