Burwick Law, representing plaintiffs in a class action lawsuit against Pump Fun, filed an amended complaint in the U.S. District Court for the Southern District of New York. This followed Judge Colleen McMahon’s order to consolidate two prior lawsuits—Kendall Carnahan’s case, focused on PNUT token buyers, and Diego Aguilar’s broader case—into a single case, Aguilar v. Baton Corporation Ltd., dba Pump.Fun.

The amended complaint expands the allegations, naming Solana Labs, Solana Foundation, Jito Labs, Jito Foundation, and executives like Jito CEO Lucas Bruder and Solana Labs CEO Anatoly Yakovenko as defendants alongside Pump Fun’s operators, Alon Cohen, Dylan Kerler, and Noah Tweedale.

The complaint accuses Pump Fun of operating a “pump and dump” scheme, selling unregistered securities, and facilitating illicit activities like terrorist financing and drug trafficking due to a lack of compliance measures. It further alleges that Solana and Jito were “architects, beneficiaries, and coconspirators” in a $1.5 billion fraud, knowingly providing infrastructure to enable Pump Fun’s “illegal gambling and money transmission” enterprise. Specific claims include Solana’s role in offering no investor protections and Jito’s provision of MEV tooling to scale the operation.

The suit also references the Lazarus Group’s use of Pump Fun to launch the “QinShihuang” memecoin, allegedly to launder funds from a $1.5 billion Bybit hack. The amended complaint introduces Racketeer Influenced and Corrupt Organizations Act (RICO) claims, accusing the defendants of wire fraud and operating an unlicensed money-transmitting business. Burwick Law and co-counsel Wolf Popper represent over 500 investors, including lead plaintiff Michael Okafor, who lost nearly $250,000 on Pump Fun tokens.

The case seeks rescission of token purchases, monetary damages, and litigation costs. Judge McMahon set a deadline of September 5, 2025, for Pump Fun’s legal team, Brown Rudnick, to respond, with further responses due within a month. The allegations that Pump Fun operated as an unregistered securities platform and facilitated illicit activities like money laundering could intensify regulatory oversight of DeFi and memecoin ecosystems.

If the court finds merit in the claims, it may set a precedent for classifying certain tokens as securities, requiring platforms like Pump Fun to comply with SEC registration and KYC/AML regulations. This could force similar platforms to overhaul their operations or face legal consequences. Naming Solana Labs and Jito Labs as “coconspirators” for providing infrastructure (blockchain and MEV tooling) is a novel legal strategy.

A ruling against them could establish liability for layer-1 blockchains and related tech providers, holding them accountable for how their technology is used. This might discourage blockchain developers from supporting high-risk applications or push them to implement stricter governance mechanisms. The use of RICO claims, typically reserved for organized crime, is a bold move. If successful, it could open the door for similar lawsuits against other crypto platforms, alleging racketeering for coordinated fraud or lack of compliance.

The lawsuit, representing over 500 investors, highlights growing investor frustration with losses in volatile memecoin markets. A favorable ruling could embolden more class action lawsuits, forcing platforms to prioritize investor protections, such as transparency in token issuance or safeguards against pump-and-dump schemes. It may also lead to clearer legal definitions of investor rights in crypto markets.

Solana, a major blockchain, faces reputational and financial risks due to its alleged role in enabling Pump Fun’s operations. A negative outcome could reduce trust in Solana’s ecosystem, affecting its token price, developer activity, and partnerships. It may also prompt Solana to adopt stricter protocols for projects built on its chain.

The case targets the memecoin creation model popularized by Pump Fun, which allows rapid token deployment. A ruling against Pump Fun could stifle innovation in this space, as developers and platforms may fear litigation for enabling speculative or fraudulent tokens, even if unintentionally.

Allegations of terrorist financing and money laundering tied to the Lazarus Group’s activities could amplify calls for global crypto regulation. This may lead to stricter international compliance requirements, impacting how crypto platforms operate across jurisdictions and potentially reducing the appeal of permissionless systems.

Naming individual executives like Anatoly Yakovenko and Lucas Bruder could set a precedent for personal liability in crypto lawsuits. This might deter talent from entering or staying in the industry, particularly for projects perceived as high-risk. The case’s outcome, expected to unfold after Pump Fun’s response by September 5, 2025, could reshape the legal landscape for DeFi, memecoins, and blockchain infrastructure.

Coinbase has added support for Jito Staked SOL (JITOSOL) and Metaplex (MPLX) on the Solana network (SPL token standard), with trading starting July 24, 2025, after 9 AM PT, subject to liquidity conditions. JITOSOL, issued by the Jito Foundation, enables staking SOL without locking it, enhancing its DeFi utility. MPLX powers the Metaplex protocol for Solana-based NFTs and governance.

Trading pairs include JITOSOL-USD and MPLX-USD, but transfers are restricted to SPL-compatible addresses to avoid fund loss. Deposits are open in supported regions, with trading phased in based on liquidity. Market reactions have been mixed, with JITOSOL showing bullish sentiment but oversold signals, and MPLX facing bearish MACD indicators despite NFT market interest.

As a liquid staking token, JITOSOL allows users to stake SOL while maintaining flexibility for DeFi applications. Its listing on Coinbase, a major exchange, boosts accessibility, potentially increasing adoption and liquidity. This could drive more capital into Solana’s DeFi ecosystem, as users can now trade JITOSOL-USD pairs with ease.

MPLX: As the governance token for Metaplex, a key protocol for Solana-based NFTs, MPLX’s listing enhances its visibility and trading volume. This could attract NFT creators and collectors to Coinbase, strengthening Solana’s NFT market position. MPLX bearish signals from MACD indicators contrast with growing interest in Solana’s NFT ecosystem. The listing may spark speculative trading, but sustained price growth depends on broader NFT market trends and Metaplex’s adoption.

The listings reinforce Solana’s position as a leading layer-1 blockchain, competing with Ethereum in DeFi and NFTs. JITOSOL’s liquid staking model could draw institutional and retail investors seeking yield without locking assets, while MPLX’s role in NFT governance aligns with Solana’s push for scalable, low-cost NFT solutions. Coinbase’s restriction on transfers to SPL-compatible addresses underscores the technical divide between Solana’s ecosystem and other blockchains.

Users unfamiliar with Solana’s SPL token standard risk losing funds if they send tokens to incompatible wallets, highlighting the need for better user education. JITOSOL bullish sentiment (e.g., “bullish breakout” posts on X) contrasts with cautious technical indicators (oversold RSI). This divide suggests a split between short-term traders chasing momentum and long-term investors wary of volatility.

Coinbase’s user base includes retail traders and institutional investors. Retail users may be drawn to JITOSOL for its staking rewards and MPLX for NFT speculation, while institutions might prioritize JITOSOL for its DeFi integration and liquidity. This creates a divide in trading strategies and risk tolerance. The SPL token restriction highlights a technical divide between Solana and other blockchains like Ethereum. Users accustomed to ERC-20 tokens may face a learning curve, potentially limiting cross-chain adoption.

The listings amplify Solana’s ecosystem but expose a divide in user readiness. Newcomers may struggle with Solana’s wallet requirements or the nuances of liquid staking and NFT governance, while experienced crypto users can capitalize on these opportunities. Coinbase’s phased trading rollout (based on liquidity) further divides early adopters from latecomers who may face higher volatility.

Coinbase’s support for JITOSOL and MPLX strengthens Solana’s DeFi and NFT ecosystems, enhancing liquidity and adoption. However, the divide between bullish sentiment and cautious technical indicators, retail vs. institutional priorities, and Solana’s technical uniqueness vs. broader crypto compatibility creates both opportunities and challenges. Users should approach trading with caution, ensuring they use SPL-compatible wallets and monitor market signals closely.

The crypto space is taking sharp turns this week. The most recent Aave news confirms a key DAO decision, approving Kraken-supported Ink Foundation to release a revamped version of Aave V3. This project could introduce new revenue-sharing options. Meanwhile, the Tron (TRX) technical outlook stays strong as TRX continues holding major EMAs and signals a potential move to $0.50.

However, the spotlight now shifts to BlockDAG (BDAG), where the NO VESTING PASS is shaking up the usual presale structure. With over $350 million raised, 24.3 billion BDAG coins sold, and a projected 3025% ROI, BlockDAG is positioning itself as the best crypto coin to buy right now.

Kraken’s Ink Foundation Gains Access to Aave’s Code for Institutional Lending

A significant update in Aave news is the DAO’s approval allowing Kraken-backed Ink Foundation to launch a custom version of Aave V3. Ink will build a centralized lending platform using Aave’s code.

The DAO also approved a six-month support window, with revenue sharing set through a 5% reserve factor. During this time, Ink won’t be allowed to work with other lending protocols. Liquidity incentives are set to target $250 million. Aave V3 continues to operate across 17 blockchains, including Ethereum and Base.

Tron Price Outlook: EMA Support Points to Higher Targets

The Tron (TRX) technical outlook remains favorable, as prices stay above both the 100-day and 200-day exponential moving averages, which are still trending upward. TRX gained strength after its rally earlier in 2024 and has now broken past the extended consolidation near $0.28.

If support around the 100 EMA holds, analysts expect TRX to push toward the $0.50 to $0.60 range. However, if it breaks below this level, the next support lies at the 200 EMA, near $0.28. This would serve as a key test for the current trend’s momentum.

BlockDAG’s NO VESTING PASS Reshapes the Final Stage of the Presale

With the presale reaching its highest momentum yet, BlockDAG has introduced a key strategic move, the NO VESTING PASS. This isn’t just a bonus offer, it’s a major part of the broader BlockDAG GLOBAL LAUNCH Release. Under this campaign, the BDAG price remains fixed at $0.0016 until August 11.

Once the deadline passes, the price will resume its regular batch increases. The NO VESTING PASS has been live for just 10 days, and now only 1 day remains before it ends.

So, what makes it unique? Buyers who take advantage of the current $0.0016 price during this offer will receive full access to their BDAG holdings once the coin launches at $0.05, no lockups, no phased releases. On top of that, holders gain a projected ROI of 3,025%.

This offer bypasses traditional vesting mechanisms, giving participants immediate liquidity at launch. Since Batch 1, the presale has already surged 2,660%, with over $350 million raised and 24.3 billion BDAG sold.

At this scale, the NO VESTING PASS isn’t just a limited-time incentive, it marks a major shift in how presales are executed. BlockDAG is closing its presale chapter with a clear message: this final phase is about straightforward access, maximum flexibility, and proven traction.

BDAG Tops the List of the Best Crypto Coin to Buy Now

The Aave news signals major updates in how lending protocols are licensed and monetized. The Tron (TRX) technical outlook shows firm support and price growth potential. Still, both rely on execution and market sentiment.

BlockDAG, on the other hand, is offering something more direct: $350 million raised, 24.3 billion coins sold, and a NO VESTING PASS that unlocks at launch with zero delays. The 3025% ROI and real liquidity access give BlockDAG a unique edge.

In a market full of speculation, BlockDAG offers certainty. That’s what makes it the best crypto coin to buy today.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu