From Metamask’s co-founder’s “perhaps” remark concerning the “MASK” token to $PI token value plunge, here’s a roundup of the highest crypto tales you might have missed.
MetaMask co-founder Dan Finlay said the group remains to be weighing the potential for launching a local token, calling it a “perhaps” throughout an interview on The Block’s “Crypto Beat” podcast.
Whereas there are not any concrete plans, Finlay emphasised that any future token launch can be clearly marketed inside the pockets itself. He acknowledged that the regulatory atmosphere below a extra permissive administration of U.S. President Donal Trump would possibly make token launches safer, probably opening the door for broader experimentation within the crypto area.
The concept of a MetaMask token, probably referred to as $MASK, has been floated since 2021, with Consensys CEO Joseph Lubin teasing its launch and discussing it as a part of a broader decentralization technique. Though plans for a DAO and token have been mentioned as mechanisms to extend neighborhood possession, Finlay burdened warning, noting that regulatory dangers stay.
Pump.enjoyable Begins Income Sharing for Coin Creators
Cryptocurrency launchpad Pump.enjoyable introduced a revenue-sharing mannequin to incentivize long-term engagement and discourage pump-and-dump conduct amongst coin creators.
Now, builders will earn 0.05% of the buying and selling quantity in $SOL from decentralized trade PumpSwap trades on their tokens. The brand new mannequin applies to each new cash and people already buying and selling on PumpSwap, offering creators with ongoing, claimable income by the platform’s dashboard.
In response to Pump.enjoyable, the brand new initiative goals to encourage extra sustainable and inventive undertaking improvement — equivalent to utility tokens and community-driven media — by providing recurring earnings as an alternative of short-term good points.
CREATOR REVENUE SHARING is lastly right here!!!
50% of PumpSwap Income is now shared with Coin Creators 🤯🤯🤯
create a coin and begin incomes each time somebody locations a commerce NOW
proceed studying to be taught extra pic.twitter.com/XmdpFdIUhV
— pump.enjoyable (@pumpdotfun) May 12, 2025
Nevertheless, the automated 0.05% developer price mannequin is going through backlash for allegedly incentivizing rug pulls and undermining community-led undertaking revivals. Critics argue it prioritizes passive earnings over sustainability, probably encouraging unhealthy practices and weakening conventional decentralized trade norms.
Binance Pockets Dominates Swap Market
Binance Pockets was famous to quickly rise to dominate the crypto swap market in 2025, leaping from simply 3.4% market share in early January to over 93% by mid-Could, in line with Dune Analytics.
The speedy ascent is attributed to the launch of Binance Alpha, a centralized token launchpad that rewards customers with “Alpha factors” for platform engagement—factors which will qualify them for early entry to new tokens and potential listings.
Furthermore, the surge pushed apart rivals like OKX, MetaMask, and imToken, whereas sparking considerations about centralization and the fading affect of community-driven airdrops in web3.
Hackers Paid Abroad Coinbase Workers for Account Information
Crypto large Coinbase revealed it might lose as much as $400 million after cybercriminals bribed abroad help brokers to entry delicate buyer knowledge. The attackers exploited lower than 1% of person accounts to impersonate the agency, trick victims into handing over crypto, after which demanded a $20 million ransom—which Coinbase refused to pay.
Whereas no passwords, non-public keys, or funds have been instantly compromised, stolen knowledge included names, addresses, authorities ID photographs, and account balances. Coinbase independently uncovered the breach, fired the concerned staff, and bolstered its fraud protections.
In response to the corporate, it’s now working with regulation enforcement and has launched a $20 million reward fund for info resulting in the arrest and conviction of these accountable.
Pi Token Plunges 40% After $100M Fund Announcement
Shortly after Pi Community introduced a $100 million funding fund to help ecosystem progress and innovation, its native token, $PI, suffered a pointy drop, falling from over $1.50 to $0.85 in simply 24 hours.
Whereas the announcement briefly pushed $PI into the highest 20 cryptocurrencies by market cap, the post-announcement plunge led to heavy criticism and hypothesis that the surge was fueled extra by hype than substance, with some customers accusing the group of manipulating sentiment by overhyped teasers.
Critics on social media instructed the announcement’s impression was diminished by poor timing and unmet expectations, whereas others argued that combining it with extra information might need softened the backlash.
In response, Pi Community-affiliated sources emphasised that the initiative was targeted on long-term ecosystem improvement reasonably than short-term value actions.
This text is printed on BitPinas: Crypto News You May Have Missed This Week | May 17, 2025
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