News Bulletin for August 6
Today's crypto news highlights include:
# Featured News
- pump.fun temporarily turns the tide against letsBONK.fun: An interesting development in the memecoin market.
- *MetaMask partners with Stripe to launch the stablecoin “mmUSD”*: This collaboration helps MetaMask enter the 250 billion USD stablecoin market.
- *SEC declares liquid staking does not violate securities laws*: This is a significant step in providing a legal framework for crypto ¹.
# Market Developments
- The cryptocurrency market is experiencing fluctuations with the total value of liquidations in the past 24 hours exceeding 350 million USD.
- Some altcoins like Bonk (BONK), Sonic (S), and Fartcoin (FARTCOIN) have seen significant price drops ².
# Notable Activities
- *BitMine and SharpLink purchase nearly 1 billion USD worth of ETH*: Indicating strong interest in Ethereum.
- *SharpLink buys an additional 54 million USD worth of ETH*: Holding Ether valued at 1.65 billion USD ³ ¹.