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- JP MORGAN RELEASING A TOKEN
JP MORGAN RELEASING A TOKEN
PumpFun Banned on X + Censorship on Crypto Twitter + The New Face of America
Hype Train
June 17, 2025
Presented by Hype
Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.
Disclaimer: Take none of this as financial advice & do your own research
Aaand here we go:
Pleasant day to be a degen! Welcome to today’s edition of Hype Train, where we will be covering our staples today:
TOP Memecoin Performances😇
PUMPFUN BANNED!!!
JP MORGAN RELEASING TOKEN?!?!?! 😱
AND………………stories that will shake your head🙈
CRYPTO STAPLES🥇*As of 4:20 pm EST on June 17th
Coin | Price | Market Cap | %Change(24hr) |
|---|---|---|---|
$BTC | $104,476 | $2.1 Trillion | -3.8% |
$ETH | $2,514 | $303 Billion | -5.2% |
$SOL | $148.76 | $78 Billion | -5.3% |
HYPE INDEX🐐
$9.53 | $1.9 Billion | -4.8% | |
$0.00001432 | $1.1 Billion | -8.6% | |
$1.14 | $1.1 Billion | -9.7% | |
$0.7897 | $788 Million | -11.3% | |
$0.0000008913 | $348 Million | -12.6% | |
$0.2998 | $293 Million | -11.3% | |
$0.02064 | $198 Million | -15.1% | |
$0.02069 | $20.6 Million | -18.6% |
PUMPFUN BANNED🫡
$FREE | $0.001262 | $1.2 Million | +1,911% |
X has suspended the accounts of Pump.fun and its co-founder Alon Cohen, along with nearly 20 other crypto related accounts including GMGN, BullX, Bloom Trading, and ElizaOS. No official reason was given, but speculation points to violations related to API usage or broader regulatory scrutiny. Pump.fun remains operational despite the bans. The suspensions come as the platform faces a class action lawsuit accusing it of enabling pump and dump schemes and generating nearly $500 million in fees. Meanwhile, a token emerged, as $FREE (ElonFreePumpFun) surged to a $2.3 million market cap before falling to $1.3 million. Good news, 2 hours ago, Alon and PumpFun were unbanned, but the rest are still locked up.
BREAKING: MULTIPLE CRYPTO-BASED PLATFORMS HAVE BEEN SUSPENDED ON X, INCLUDING BULLX, PUMPFUN, GMGM, AND MORE
IS THIS AN ATTACK ON CRYPTO???
— BlockNews (@blocknewsdotcom)
9:01 PM • Jun 16, 2025
JP MORGAN ANNOUNCES TOKEN🗣
JPMorgan will launch a pilot for JPMD, a blockchain based token representing dollar deposits, on Coinbase’s Base network. The token will be available only to institutional clients and is designed as an alternative to stablecoins, offering potential interest and deposit insurance. The first transaction will involve transferring JPMD from JPMorgan to Coinbase, with a broader rollout pending regulatory approval.
The move follows JPMorgan’s trademark filing for JPMD and comes as U.S. banks explore stablecoin partnerships ahead of the GENIUS Act vote. JPMorgan may proceed independently, citing concerns about market fragmentation. The GENIUS Act is expected to provide regulatory clarity and could determine the direction of future bank-issued digital assets.
J.P. Morgan is bringing banking onchain.
Kinexys by @jpmorgan is launching JPMD, a USD deposit token for institutional clients, on Base.
It will be the first token of its kind on a public blockchain, enabling fast, secure, 24/7 money movement between trusted parties.
— Base (@base)
7:22 PM • Jun 17, 2025
MEME OF THE DAY
delbert jenkins, salute to you my brotha
HOT NEW COINS (24 Hr)📈
$PI | $0.0007848 | $784 Thousand | +1,140% |
$WAR | $0.0002871 | $287 Thousand | +361% |
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That’s all for today’s edition, see you degens tomorrow!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.