Midday News Update #Web3

🔄Raydium called http://Pump.Fun’s rumored AMM launch a “strategic miscalculation,” citing risks like low token migration demand and trading volume drops. http://Pump.Fun’s co-founder declined to comment.

⚠️A fake #SBF account on X falsely claimed #Trump pardoned him and announced a memecoin launch. The account, with a misleading gray verification badge, poses a scam risk.

🕵️‍♂️The #Bybit hacker has laundered 100K $ETH (20% of stolen funds) using @THORChain for cross-chain swaps, still holding 399K $ETH, more than Vitalik or the Ethereum Foundation.

📈CryptoQuant CEO says bullish ETH factors include whale accumulation, 56% stablecoin market share, and Trump’s crypto-friendly stance boosting ETH-based smart contracts.

🇸🇻El Salvador added 7 $BTC during a price dip, bringing total holdings to 6,088.18 $BTC, with 41 $BTC added in the past 30 days.