Today’s Insider ⬇️
Have you ever wondered what a cancel culture would look like in the crypto landscape?
Well, the reality of that is no longer left for your imagination with recent happenings in the crypto space. In what feels like a scene straight out of Netflix’s latest hit, Mad Unicorn, or The Wolf of Wall Street, Pump.fun and its CEO have been unceremoniously yeeted off X (formerly Twitter), along with over 20 other crypto accounts.
Yes, the same Pump.fun that was set to launch new tokens just days away has been silenced mid-launch. Talk about a rug pull — but this time, it’s from Elon’s algorithm.
And speaking of being yeeted, the popular Chinese Infini Card has been discontinued as the company aims to serve a “greater purpose.” What more?
Pump.fun and its founder's account among those mass-suspended by X
Chinese Infini card officially suspends its card services
JPMorgan's new crypto trademark filing hints at an incoming stablecoin
Market Update
Market | Value | Day PnL | YTD |
Bitcoin | $105,722 | -1% | +60% |
Ethereum | $2,554 | -2% | -27% |
Solana | $150 | -3.74% | +4.52% |
XRP | $2.19 | -2.66% | +341% |
S&P 500 | $6,033 | +0.94% | +2.58% |
Gold | $3,385 | -0.03% | +29% |
1. No Fun Allowed? Pump.Fun’s X Account Gets Suspended
X enforces account suspensions! The Elon Musk-led social media platform has suspended Pump.fun alongside over 20 other crypto-related accounts due to potential API violations.
🔎Insider Insight: While this is happening, a few days before Pump.fun’s planned token sales, X’s suspensions hinder communication for affected crypto platforms. Meanwhile, some speculate that these platforms used external APIs to avoid the hefty costs of X's in-house API, which starts at $60,000 per year for start-ups.
Top Crypto Insider Pick of 2025
BlockchainFX (BFX) Leads Pioneering Movement With Multi-Market Super App
BlockchainFX (BFX) is attracting widespread attention because of its “super trading app” that enables users to trade diverse digital assets, including cryptocurrencies, forex, stocks, indices, and commodities.
What’s unique about the project? Alongside its unified trading platform, BlockchainFX is offering exclusive benefits, including daily USDT rewards, a custom BFX Visa Card, and up to $25,000 in trading credit.
🔎 Insider Insight: BlockchainFX’s diverse market appeal is playing an instrumental role in its growing success. This, coupled with positive reviews from industry experts, has contributed to nearly $3M in funding milestones, with the native $BFX token currently priced at $0.0145. The best part? The native $BFX token is still priced low and presents a compelling buying opportunity for early backers.
2. Infini Suspends Cards to Prioritize What Really Pays: Stable Crypto Income
End of the road for Infini crypto card? Chinese Infini has announced the suspension of its crypto card services as it pivots towards financial management and stable-earning products.
🔎Insider Insight: The suspension reflects challenges in China's regulated crypto environment, following a significant $50 million exploit. Infini aims to focus on compliance and user trust while developing decentralized payment solutions, signalling a strategic shift in response to market demands.
3. Will JPMorgan’s Stablecoin Set Off the Next Big Shift in Banking?
First-ever bank-backed stablecoin? JPMorgan has filed a new crypto trademark application for dollar-pegged "JPMD," hinting at a first-of-its-kind bank-backed stablecoin.
🔎Insider Insight: This latest move aligns with reports of a joint stablecoin venture involving major banks and signals JPMorgan's intent to solidify its position in digital payments. Also, the filing highlights advanced blockchain capabilities like blockchain-enabled currency issuance, underscoring a strategic expansion into the crypto space amidst ongoing regulatory debates.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
