Itโs going to take time to change the trenches behavior, but I do believe the Diamond callout rewards are a great step in the right direction.
Iโve personally changed my trenching (fewer plays, more perps, higher mc tokens) and Iโm seeing others as well
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Can Pumpfun reward conviction instead of churn?
@Tyler_Did_It on its experimental Diamond callout algorithm, designed to favor higher-market-cap tokens, encourage holding and reduce spam alongside the existing Degen system.
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The BTC ETFs have seen $1.92B in net outflows since the Binance hack.
$orbio looks good here
$orbio model usage metrics still up and to the right, usage isnt slowing down
revenue numbers will make a comeback once more trading volume returns and then users will reprice the token based on revenue moving higher
i still believe at these levels orbio is very attractive
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Really think this latest Pump update with Diamond callout rewards will change the trenches
Very positive update from the team
Tyler and Farokh explain why Pumpfun ($PUMP) new Diamond and Degen algorithm update is their best release yet by rewarding long-term holds and higher market cap plays
โPump is changing the call-out rewards, using a portion of the daily rewards pot to go to this new Diamond algorithm.
โIt's focused on higher market cap tokens, incentivizing holding, reducing call-out spam, and boosting rewards for certain asset classes like perps.โ
โThis is Pump responding to the criticism that all they reward is micro-cap pump-and-dump numbers every day.โ
โNow they're going to start rewarding people who are calling out $1M, $5M, $10M market cap tokens and actually buying and holding.โ
โI think this is going to change the game a bit and change how people look at call-outs.โ
โfocusing more on longer-term plays. This is the single best update I have seen from Pump in a very long time.โ
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Live for FOMO HOUR talking Black Thursday, ZEC strength, crypto in 401ks, Leap, Pump's latest, Vlad leaning in + a lot more
Jump in
Going live for FOMO HOUR in 15 minutes!
We are talking:
- AI selloff sends crypto lower
- ZEC doesn't care
- Lighter rev jumps
- Solana launches Leap
- Vlad leans in to RH Chain, everyone sells anyway
+ a lot more
Live at 10 am ET!
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Jobs report smashes
US JOBS REPORT SMASHES EXPECTATIONS
US employers added 165,000 jobs in October, nearly triple the 59,000 expected.
๐ธ Nonfarm payrolls: +165K vs. +59K expected
๐ธ Unemployment: 4.1% vs. 4.2% expected
๐ธ Private payrolls: +159K
๐ธ Wage growth: +0.37% monthly, +3.12% annually
๐ธ September payrolls revised: +60K
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Over $1.1B in crypto longs liquidated over the past 24 hours
Lighter had its 2nd highest day of revenue since early Feb yesterday with $314k
In a clear uptrend since mid-August
A glimpse at Pump's next focus areas for growth:
- Perps
- Prediction markets
- Trading terminal
Weโre hiring for three new BD roles at Baton Corporation, the development company behind Pumpfun:
- Perps BD
- Prediction Markets BD
- Trading Terminal BD
To grow the social graph on the Pumpfun app, we need to attract the best traders across every market that can be accessed using the app, whether itโs the trenches, perps, or prediction markets.
You should apply if you have 2+ years of experience leading BD at a crypto platform with a track record of driving outsized impact.
In person (NYC) preferred but remote considered for exceptional candidates.
Apply using one of the links below.
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Cryptoโs entire market cap erased from the US stock market today
BREAKING: ๐บ๐ธ Over $3 trillion erased from the US stock market today.
One of these things is not like the others
It's ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2
artificial-inu-3:native and Boner coded
@nickducoff We looked long and hard at all the other ecosystems out there and found that nothing quite met our specific needs of building the #
1# chain for real world assets (and memes too).
LLY stock still slightly green today amidst the AI blood bath
Live now talking the AI selloff, crypto reversal, Dems compromise on Clarity Act, Ossoff, RH Chain bloodbath and more
Jump in
Going live for FOMO HOUR in 20 minutes!
We are talking:
- Crypto rally cools after post-Midterms spike
- Dems talk compromise on Clarity Act
- STRC hits par
- Vlad leans in to RH Chain, traders don't care
+ a lot more
Live at 10 am ET!
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The Morning Minute (11.5)
โฐTop News:
-Crypto majors pump out of Midterms then retrace; BTC at $79.6k
-House Democrats talk about Clarity Act amendments
-BTC and ETH ETFs flip to inflows, breaking outflow streak
-STRC hits $100 par for the first time since May
-Coinbase says 99% of customer assets are held in cold storage
๐ Macro Crypto and Markets
-Crypto majors are green after a post-midterms rally; BTC +2% at $79.9k; ETH +4% at $2,400; SOL +3% at $95; HYPE -4% at $82; ZEC +1% at $1,297
-INJ (+8%), ATOM (+7%), and RAY (+7%) led top alt movers
-Oil -8% at $88; Gold +1.5% at $4,135
-Stock futures are mixed after yesterdayโs rally; DOW +0.5%, Nasdaq -0.7%
-Coinbase said it holds more than 99% of customer assets in cold storage in a blog post responding to the Binance hack
-ZachXBT named French banking group Crรฉdit Mutuel Arkรฉa as the alleged victim of a crypto theft now exceeding $133 million
-Morgan Stanley converted US equities and Treasuries into tokenized form through the DTCC Tokenization Service
-Binance and Deribit revoked all API keys linked to third-party trading platform SignalPlus after SignalPlus flagged a potential security issue
Corporate Treasuries & ETFs
-The Bitcoin ETFs saw $74M in net inflows on Wednesday; the ETH ETFs saw $53M in inflows
-Saylorโs STRC hit its $100 par value yesterday for the first time since May, enabling Strategy to buy 191 BTC
Meme Coin Tracker
-Meme leaders were mixed; DOGE +2%, SHIB +1%, PEPE -2%, PENGU -1%, TRUMP -15%, SPX -1%, Bonk -1%
-Robinhood chain leaders were mostly red; Pons -1% to $145M; Cashcat -3% at $102M; AI -12% at $52M; Standard +12% and Ubik +40% led top movers
-Solana top movers included HIGH +12x, GTA +76x, and Rambo +600%; Cards +20% on Upbit listing
๐ฐ Token, Airdrop & Protocol Tracker
-Hyperliquid led onchain protocols in revenue on the day with $3.67M, followed by at $1.71M and Uniswap at $364k
-Arkansas Attorney General Tim Griffin sued Kalshi over its sports event contracts, alleging the exchange operates an unlicensed gambling platform and sidestepped state licensing and taxes
-A Polygon Labs validator support team member proposed a hard fork of Polygon PoS to move roughly 70.49 million POL stolen in the Polymarket and Binance hacks, worth about $6.5 million
๐ What is happening in NFTs?
-NFT leaders were mixed; Punks even at 30.4 ETH, BAYC +1% at 5.64 ETH, Pudgy -4% at 2.25 ETH
-Wired (+30%) and Milady (+5%) led top movers
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Big FOMO HOUR show coming up in 1 hour
We are breaking down the Binance hack, the aftermath and where we go from here
Then Robinhood Chain week continues as
@OxSimpleFarmer joins to chat StonkBroker latest, stock tokens, RH leadership leaning in + more
Live at 10 am ET!
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$80k Bitcoin held on by a thread on the weekly