The memecoin platform Pump.fun, built on the Solana blockchain, announced on Monday that it has temporarily suspended its live-streaming feature due to the rise of harmful content.
Originally introduced earlier this year to help users promote their memecoins, the live-streaming option was quickly exploited by some to broadcast disturbing and inappropriate material.
Reports emerged of live streams containing content such as child abuse, bestiality, and suicide threats, all aimed at manipulating the value of tokens.
In response, the Pump.fun team issued a statement assuring users that the live-streaming feature would remain disabled until the platform’s moderation tools could be improved to handle these harmful activities.
They also emphasized plans to be more transparent with the community by publishing clear rules and guidelines for using the platform.
Additionally, the team vowed to provide users with more insight into the moderation process to ensure greater understanding and accountability in the future.
Kraken has officially launched its U.S.-regulated crypto derivatives platform, marking a major step toward merging traditional finance tools with digital asset markets.
If you’re holding USDC and want to maximize your yield, Deribit now offers rewards for eligible users who store USDC on its platform.
Kazakhstan is considering allocating a portion of its gold and foreign currency reserves, along with National Fund assets, into crypto-related investments.
Grayscale Investments announced today that it has confidentially submitted a draft registration statement on Form S-1 to the U.S.