Uncategorized
Crypto Gets Shock Video Dose as Users Stream ‘NSFW’ Content to Pump Their Memecoins
The wild 2000s era of internet shock videos is making a return in crypto.
Some issuers of memecoins on Solana’s runaway hit Pump.fun are streaming videos ranging from extreme dark humor to dark behavior, all to pump their tokens to a few million dollars in market capitalization.
There are streams and images of children tied up, a man locked up in his toilet continuously, killing of hens, fetish videos, and softcore porn. Live streaming on the platform was a feature added last week.
Some tokens even have images of a human slashing forearms or playing with fire (though these are quickly taken down). One person was allegedly firing a gun outside their window every time his token zoomed higher. This sort of shock factor can lead to viral content, drawing in more viewers and potential investors.
It isn’t all bad, however. Most of the streams are harmless or contain fun activities such as drawing an egg or talking to an audience. Users have to specifically switch on an “NSFW” tag to land up on questionable content.
Most of the dark tokens don’t have an X page, and their issuers have not publicly shared why they choose to engage in extreme behavior. Memecoins often thrive on internet culture, humor, cuteness, and virality — but such acts may cross a line for what’s considered a harmless act for a meme. Such activities can even draw negative attention from mainstream media.
X users are also reporting some dark streams, such as suicidal streams, death threats, and animal porn among others. (CoinDesk could not independently verify these posts, or if Pump.fun’s moderation team likely took them down.)
Pump.fun lets anyone issue a token for less than $2 in capital, after which they choose the number of tokens, theme, and meme picture to accompany it. When the market capitalization of any token reaches $69,000, a portion of liquidity is deposited to the Solana-based exchange Raydium and burned.
Pump.fun is among the most-used applications in the industry and the biggest revenue generator across all user apps — on track to do XXXX as per estimates.
To be clear, Pump.fun has no role in the type of streams users choose to do and has an active moderation team that takes down dark or malicious content. Pump has been moderating platform activity since it started.
“We actively moderate illicit content on the site. That includes images, videos, live streams, and comments,” Pump founder @a1lon9 wrote in an X post over the weekend. “Although we strongly stand for free speech and expression, it’s our responsibility to ensure that users don’t see clearly repulsive/dangerous content and that bad actors aren’t given a platform to act as they wish.”
“If you’re aware of a coin where moderation isn’t enforced, please report it in our support channels immediately,” he added.
Crypto Twitter largely condemns such behavior, however. No influential X account is chiding on issuers of such tokens to continue engaging in their activities, and most of these tokens are failing to break even a $50,000 market capitalization (viral and positive tokens on Pump.fun can easily break $1 million in a few hours).
Meanwhile, sentiment for Pump.fun has largely dived negative amid everything taking place on the platform.
Uncategorized
True Markets Raises $11M in Series A, Launches Mobile-First DeFi Trading App on Solana
True Markets, a new decentralized finance (DeFi) trading platform focused on stablecoin-native execution, has launched its mobile app on Solana and closed an $11 million Series A, bringing total funding to $20 million, the company said in a press release Tuesday.
The funding round was co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant Fund, and PayPal Ventures.
Seed investors Paxos Ventures and the Solana Foundation, continue to support the firm, True Markets said.
Founded by Coinbase (COIN) and Circle veterans Vishal Gupta and Patrick McCreary, New York-based True Markets aims to deliver a non-custodial, mobile-first DeFi trading experience for retail users, prioritizing speed, simplicity, and transparency.
The app enables stablecoin-powered token trading on Solana, with gasless execution, smart order routing, and embedded key management via Turnkey, all without users surrendering custody of funds, True Markets said.
“Retail traders have been stuck with clunky workflows, unclear pricing, and fragmented liquidity,» said Vishal Gupta, CEO of True Markets, in the release.
«Our goal is to deliver a fairer and more transparent experience that makes asset discovery simple, shows real-time market momentum, and feels as intuitive as the best apps on your phone,» Gupta added.
Backed by infrastructure partners Turnkey and Definitive, the app features real-time market sparklines, automated execution across decentralized venues, and hosted wallets that support immediate funding and trading within a non-custodial framework.
True Markets said it plans to expand into both CeFi and DeFi markets, with future integrations including TrueX, a centralized exchange designed for institutional liquidity and qualified custody.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3147.53, down 0.7% (-22.88) since 4 p.m. ET on Monday.
Four of 20 assets are trading higher.
Leaders: AAVE (+9.8%) and HBAR (+0.7%).
Laggards: LTC (-6.1%) and FIL (-2.9%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Energy management firm KULR (KULR) has expanded its bitcoin treasury to more than 800 tokens, with the purchase an additional $9 million worth of BTC.
The latest acquisition — made at an average price of $103,234 each — brings the total amount KULR has spent on the cryptocurrency to $78 million.
This continues the company’s treasury strategy first announced in December last year, under which it committed to holding up to 90% of its surplus cash reserves in bitcoin.
The Houston-based firm, which develops energy storage systems for aerospace and defense, is measuring the success of this pivot using a BTC Yield metric.
That metric tracks the growth in the ratio of bitcoin holdings to the number of shares outstanding, rather than actual dollar returns or revenue. So far in 2025, KULR says that ratio has jumped by 220, according to this morning’s press release.
KULR’s shares are up 3.15% in pre-market trading at $1.3.
True Markets Raises $11M in Series A, Launches Mobile-First DeFi Trading App on Solana
CoinDesk 20 Performance Update: Litecoin (LTC) Drops 6.1%, Leading Index Lower
KULR Boosts Bitcoin Treasury to 800 BTC With $9M Purchase
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