Crypto Morning News: Movement allocates 60% of token supply to community, Pump.fun suspends live streaming feature
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Crypto Morning News: Movement allocates 60% of token supply to community, Pump.fun suspends live streaming feature
Bitcoin faces $100,000 resistance as market focus shifts to Ethereum and other altcoins.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
Movement Network Foundation Reveals $MOVE Tokenomics, 60% of Supply Allocated to Community
The Movement Network Foundation, infrastructure built on the Move language, has unveiled tokenomics for its $MOVE token. The total supply of $MOVE is set at 10 billion, with an initial circulating supply of approximately 22%. Of the total supply, 60% will be allocated to the community, including ecosystem and community initiatives, the foundation, and initial claims.
Detailed allocation breakdown:
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Ecosystem and Community: 40%
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Initial Claims: 10%
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Foundation: 10%
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Early Contributors: 17.5%
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Early Investors: 22.5%
The $MOVE tokens will vest over 60 months, and team members and investors will not be eligible to stake during the early stages.
The Movement Network Foundation stated that the $MOVE token will launch via TGE on the Ethereum mainnet. After the mainnet launch (imminent), $MOVE holders will be able to bridge their tokens to the Movement Network. Gas fees on the Movement Network will be paid in $MOVE, which serves multiple use cases: economic security staking, gas payments, decentralized governance, and as the native asset of the Movement Network.
Pump.fun Announces Indefinite Suspension of Live Streaming Feature
According to DLNews, Pump.fun—the largest meme coin issuance platform in the Solana ecosystem—has announced the indefinite suspension of its live streaming feature. Reports indicate that livestream volume surged 100-fold within a week, and some meme coin creators engaged in inappropriate behavior to promote their tokens. Alon, the platform’s founder, said hundreds of non-compliant videos have already been removed.
In an official statement, the team said: “Recent events involving livestreams on our platform have raised concerns. We regret hearing about some users’ experiences and take this opportunity to openly and directly address these issues… To ensure absolute user safety, we are indefinitely suspending the livestreaming function on our website until our moderation infrastructure is ready to handle higher levels of activity. In the future, we will publish guidelines to make site usage rules and regulations more transparent. We will also provide greater visibility into individual moderation decisions for creators and users, ensuring everyone understands the process and outcomes.”
Since launching this year, Pump.fun has issued nearly 4 million meme coins, accounting for 83% of all token issuance on Solana, with daily revenue exceeding $1 million.
Sun Yuchen Invests $30 Million in Trump Family-Backed Crypto Project WLFI, Becomes Largest Investor
Sun Yuchen, founder of TRON, announced a $30 million investment in World Liberty Financial (WLFI), the cryptocurrency project backed by the Trump family, making him its largest investor. Sun stated that with Trump’s support for Bitcoin, the U.S. is becoming a central hub for the blockchain industry.
Tim Cook: Personally Held Bitcoin for Three Years, But Apple Has No Plans to Integrate Cryptocurrency Into Business Model
According to CEO Today, Apple CEO Tim Cook recently revealed in an interview that he has personally held Bitcoin for three years as part of his diversified investment portfolio. However, Cook emphasized that this is a personal investment decision unrelated to Apple. The company has no plans to integrate cryptocurrency into its business operations—neither in payment systems nor corporate investment portfolios—in the near or foreseeable future.
Cook noted that while Bitcoin’s potential is worth watching, Apple remains cautious toward emerging technologies. Currently, Apple focuses on core product lines such as smartphones, computers, wearables, and related services, rather than entering the highly volatile crypto market. Although Apple allows crypto wallets and blockchain-related apps on the App Store, it does not plan to directly participate further in the crypto ecosystem.
SynFutures Announces Foundation Launch and Native Token F, Plans Imminent TGE and Airdrop
SynFutures has announced the establishment of the SynFutures Foundation and the launch of its native token F. Details regarding the airdrop and TGE date will be released shortly. The SynFutures Foundation aims to drive the protocol’s long-term development and enable collective decision-making through community governance proposals. F tokens will be distributed among the community, early supporters and advisors, the foundation treasury, core contributors, protocol development, and liquidity support. Token holders will enjoy benefits including governance voting rights, fee rebates, staking rewards, and enhanced second-season airdrop allocations.
MicroStrategy Adds 55,500 BTC Over Past Week
Michael Saylor, founder of MicroStrategy, announced on social media that the company has acquired 55,500 additional bitcoins at an average price of approximately $97,862 per BTC, totaling around $5.4 billion.
QCP: Bitcoin Hits $100K Resistance, Market Focus Shifts to Ethereum and Altcoins
According to QCP’s latest report, the crypto market declined yesterday, with over $100 million worth of BTC and ETH positions liquidated across major exchanges. However, both assets remain firmly above key support levels of $95,000 for BTC and $3,200 for ETH.
Despite weekend pullbacks, forward-looking volatility remains high. The market expects BTC to trade sideways through December, with short-term attention shifting toward ETH. ETH risk reversal indicators show strong demand for near-term call options, whereas BTC call demand is concentrated after December 27, 2024—potentially linked to anticipated pro-crypto policies under a Trump administration, expected to take effect next year.
Recently, BTC’s market dominance dropped from 62% to 59%, reflecting a trend of capital gradually rotating from BTC into ETH and other altcoins.
Former Grayscale CEO and OpenAI Chief Product Officer Join Aptos Labs Advisory Board
According to The Block, blockchain firm Aptos Labs has announced that Michael Sonnenshein, former CEO of Grayscale, and Kevin Weil, Chief Product Officer of OpenAI, have joined its advisory board.
Sonnenshein will leverage his experience as an analyst at traditional financial institutions such as Barclays, Bank of America, and JPMorgan Chase, along with his decade-long leadership of Grayscale Investments, to help drive institutional adoption of digital assets at Aptos. Weil plans to apply his expertise in artificial intelligence to assist Aptos in integrating AI technology into blockchain applications.
Pump Science: URO and RIF Are the Only Official Tokens
Pump Science posted on X: “URO and RIF are the only tokens launched by our team. Any new token will be announced here first.”
Market Data
Suggested Reading
Data Truth: 2/3 Meme Coins Promoted by KOLs Have Gone to Zero; Only 1% Achieved 10x Gains
An analysis of over 1,500 meme coins promoted by 377 Twitter influencers found that 76% of these influencers promoted meme coins that have since "died." Only 1% of the promoted coins achieved a 10x return. Data shows most meme coins lose 90% of their value within three months of promotion, making it difficult for investors to profit from influencer endorsements. This study reveals significant risks and flaws in influencer-driven meme coin promotions.
This article explores how AI agents capable of autonomously managing cryptocurrency wallets and payment systems could become a key gateway for bringing massive numbers of users into the crypto space. By enabling autonomous payments and interactions on blockchains, AI agents demonstrate vast potential in crypto applications.
Interview with Arthur Hayes: Cash Out When You Should, Bitcoin Could Reach $250,000 by End of 2025
According to the interview, Arthur Hayes expects a Trump presidency to trigger dollar depreciation, thereby driving up prices for Bitcoin and other crypto assets. He believes Bitcoin could reach $250,000 by the end of 2025. He also shared advice for investors to stay rational and cash out opportunistically during bull markets. Additionally, he discussed the rapid rise of meme coins and development trends in emerging areas like GameFi.
This article discusses the investment value of Bitcoin, MicroStrategy’s Bitcoin acquisition strategy, and Bitcoin’s impact on global wealth dynamics and individual investing. It highlights views and experiences from MicroStrategy founder Michael Saylor and analyzes the long-term growth outlook for Bitcoin.
Meme Coins Dominate Half of Solana’s Trading Volume—A Sober Look Amid Market Frenzy
Currently, memecoins account for a significant share of trading volume across platforms: approximately 50% on Solana, 45% on BNB Chain, and 25% on Base.
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