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Pump.fun adjusts the Callout reward mechanism: high-frequency releases lead to diminishing marginal returns, with rewards placing greater emphasis on content quality

Alon, co-founder of Pump.fun, stated that two months after the launch of the platform's $15 million Callout reward program, it was found that the initial mechanism inadvertently incentivized undesirable behavior, leading to a flood of low-quality content and weakening users' willingness to continuously create high-quality content.Pump.fun subsequently adjusted the reward algorithm to place greater emphasis on content quality rather than the quantity of posts. According to the new mechanism, the more Callouts a user posts each day, the lower the marginal returns from the new content. Alon mentioned that the reward mechanism is still undergoing iterations, but there is still a lot of work to be done to ensure that a large number of users can sustainably produce high-quality content over the long term.He also stated that the rewards currently cover both top accounts and accounts with fewer than 10 followers, with no favoritism or preferential treatment. Alon suggested that users focus on recommending quality tokens, building trader trust through content, and earning rewards based on the trading volume generated by their Callouts. He emphasized that simply flooding the platform with Callouts or dumping tokens to followers will not yield sustainable returns.

first_img OpenPayd plans to go public on Nasdaq by the end of the year and enter the U.S. market in April 2027

According to CoinDesk, Iana Dimitrova, CEO of the London-based payment infrastructure company OpenPayd, told CoinDesk that the company expects to complete its merger with Titan Acquisition Corp. and go public on Nasdaq by the end of this year. The transaction is still subject to conditions such as the effectiveness of the registration statement with the U.S. Securities and Exchange Commission and approval from Titan's shareholders, with the stock ticker expected to be OP after listing. According to the announced terms, the transaction implies a valuation of OpenPayd of up to $1.1 billion.OpenPayd provides account, foreign exchange, and domestic and international payment services to businesses such as Kraken, B2C2, and OKX, and offers infrastructure for converting between fiat currencies and stablecoins, having integrated with the Circle payment network and Fireblocks payment network. Last month, the company incorporated MSB USA Inc. and its 43 state-level money transmission licenses into the group, planning to launch services for U.S. customers by April 2027.For the fiscal year ending April 30, 2026, the company reported revenue of $73 million, up from $57 million in the previous fiscal year, with EBITDA of $13 million and a net loss of $2.8 million. A company spokesperson stated that the loss was entirely due to $5.8 million in one-time transaction costs related to this merger.Dimitrova stated that the company intends to acquire businesses that can provide licenses or technology to accelerate its entry into new markets. Going public will provide funding and publicly traded stock that can be used for transactions and collaborations. The company is also considering conducting a private placement before the merger to raise growth capital.

first_img RWA platform OpenWorld plans to acquire Blocksight

On October 1, Nasdaq-listed company OpenWorld, Inc. (stock ticker: OPNW) announced in Las Vegas its intention to acquire Blocksight Holdings Co. The transaction is subject to final approval by the OpenWorld board and the signing of final documents, with both parties finalizing the relevant documents. The company stated that it does not guarantee that the documents will be signed or that the transaction will be completed.Blocksight builds an artificial intelligence agent platform for putting real-world assets on-chain and continuously providing investor reports. The agent covers trade construction, asset data verification, investor introduction, daily reports, and ongoing services, operating across multiple chains and directly connecting to distribution platforms, with key decisions requiring human approval. The proposed acquisition aims to support the still-in-development OpenWorld Enterprise, allowing institutions to access, verify, and hold tokenized real-world asset opportunities, with OpenWorld potentially acting as a co-principal and co-architect.If the transaction is completed, Blocksight co-founders Patrick Kim and Peter Hong are expected to join OpenWorld to assist with technology integration. OpenWorld co-founder and CEO Matthew Shaw stated that the proposed acquisition is an important step for the company as it begins its journey as a publicly listed company and may strengthen its institutional-facing tokenized real-world asset platform foundation. The announcement was made in conjunction with the company and VerifyMe, Inc.

first_img Tesla delivered 486,500 vehicles in the third quarter, exceeding market expectations

According to a report by Financial Associated Press, Tesla's official website released data on October 2, showing that third-quarter deliveries reached 486,532 vehicles, exceeding analysts' average expectation of 463,761 vehicles; during the same period, production was 464,391 vehicles, and energy products deployed amounted to 13.7 gigawatt-hours. This delivery volume is lower than the 497,099 vehicles delivered in the same period last year, which was a record at the time, primarily because American consumers concentrated their purchases before the federal electric vehicle purchase incentives were canceled.Deliveries of Model 3 and Model Y in the third quarter totaled 478,237 vehicles, accounting for approximately 98.3% of the total deliveries for the quarter. Financial Associated Press reported that Tesla has ceased production of the higher-priced Model S and Model X, leaving only Model Y, Model 3, and Cybertruck available for consumer sales, and mentioned the revamped Roadster, which has begun production of a version without a steering wheel and pedals, as well as the sale of the Semi all-electric heavy truck.StoneX analyst Mickey Legg stated that the deliveries were better than expected, which could provide upside potential for automotive business forecasts, but there are still questions regarding the energy business. Financial Associated Press noted that Musk is pushing the company to shift towards artificial intelligence, autonomous vehicles, and humanoid robots, with plans to invest over $25 billion this year to expand factories and establish a Robotaxi business. Regulatory documents this week showed that the company has secured $30 billion in new loans and credit lines. Tesla's stock price rose nearly 6% during the day.
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