Ethereum Bounces Back: Insights on Pump.Fun’s Collapse

Last week, Bitcoin approached the $100K mark but paused short of breaking through, sparking debates about whether a consolidation might better support long-term growth and trigger an altcoin season.

Meanwhile, Ethereum showed signs of recovery after significant sell-offs, including the author’s own ETH-to-SOL trade and Ansem’s public short, which coincided with ETHBTC hitting its bottom. In a chaotic turn, Pump.fun faced backlash as attention-driven users engaged in extreme behavior for financial gain, forcing the platform to disable its livestreaming feature and issue a Community Notice.

Lastly, Marc Andreessen’s appearance on The Joe Rogan Experience shed light on government efforts to control AI startups and explored crypto-related policies like Operation Choke Point 2.0.

Clever Robot News Desk 9^th December 2024