Jacob Lyon

Prosecutors in Wisconsin and New York are growing frustrated with stablecoin giant Circle after it repeatedly ignored law enforcement requests and court orders trying to recover stolen funds. The International Consortium of Investigative Journalists (ICIJ) detailed how the firm is facing criminal complaints and referrals to Congress over its inability to take action when asked to help recover funds.

Justin Sun’s NFT marketplace, AINFT, and his memecoin platform, Sun Pump, are doing terribly, selling just four NFTs and launching 57 tokens in the past 30 days. AINFT, which describes itself as “The Biggest NFT Trading Platform on TRON,” only facilitated two NFT sales this week. The NFT marketplace was originally launched as APENFT in 2021 before rebranding with an added nod to AI in 2025. Today, the marketplace is a ghost town.

Tomorrow marks one year since memecoin platform Pump Fun announced that an airdrop for its PUMP token would be “coming soon.” Users are still waiting. The promise was made on July 9, 2025, during a Pump Fun marketing push that tried to paint itself as a competitor against social media giants Facebook, TikTok, and Twitch. It also announced its ICO of the platform’s token, PUMP, which is now down almost 75% since its launch almost a year ago.