PANews reported on November 25th that, in response to Lookonchain's claim that "Pump.fun has cashed out at least 436.5 million USDC through Kraken since October 15th," Pump.fun co-founder Sapijiju stated: "This is completely false. Pump.fun has never cashed out (i.e., the transactions between Kraken and Circle that Lookonchain alleges Pump.fun is involved in). The actual situation is that this is part of Pump.fun's fund management; the USDC obtained from the PUMP ICO has been transferred to different wallets to reinvest the company's operating funds into its business. Pump.fun has never directly cooperated with Circle."PANews reported on November 25th that, in response to Lookonchain's claim that "Pump.fun has cashed out at least 436.5 million USDC through Kraken since October 15th," Pump.fun co-founder Sapijiju stated: "This is completely false. Pump.fun has never cashed out (i.e., the transactions between Kraken and Circle that Lookonchain alleges Pump.fun is involved in). The actual situation is that this is part of Pump.fun's fund management; the USDC obtained from the PUMP ICO has been transferred to different wallets to reinvest the company's operating funds into its business. Pump.fun has never directly cooperated with Circle."

                                                                               While Silicon Valley dominates Web2, emerging markets like the UAE and Singapore lead DePIN adoption with better regulations and real infrastructure needs.                     Opinion by: Yanal M. Hammouda, head of market expansion at WingbitThe decentralized physical infrastructure network (DePIN) sector saw $150 million of capital flow during Q1 2025, with a projected market size of $3.5 trillion by 2028. Yet the most significant development isn’t the capital raised but where these networks operate. Emerging markets like the Middle East, Southeast Asia and South America — rather than Silicon Valley — are driving the future of DePIN adoption. Read more