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The once-dominant Memecoin issuance platform on Solana, Pump.fun, has seen a continuous deterioration in activity, with a significant decline in token graduation rates, platform revenue, and Solana network fees in recent months. Data shows that the seven-day average token graduation rate for Pump.fun dropped to 0.26% last week, marking an 80% decrease over the past three months. Meanwhile, the platform's average revenue from June to date is approximately $800,000, significantly lower than the average daily revenue of about $4.8 million six months ago. In June, Pump.fun's revenue fell by 25% month-over-month, and the token graduation rate decreased by 53% in the same period. This disparity indicates that the platform may still be maintaining some dollar revenue through auxiliary income from PumpSwap AMM trading fees and sponsorship for token listings, but its core function—pushing newly issued tokens to higher market cap stages—has significantly weakened. The decline of Pump.fun is also reflected in the price of the PUMP token, which has dropped about 40% over the past six months. At the same time, trader interest is shifting from Memecoin issuance on the Solana chain to other trading scenarios such as perpetual contracts, further driving down Solana network fees.

[Pump.fun Activity Declines by 80% Over Three Months]The once-dominant Memecoin issuance platform on Solana, Pump.fun, has seen a continuous deterioration in activity, with a significant decline in token graduation rates, platform revenue, and Solana network fees in recent months. Data shows that the seven-day average token graduation rate for Pump.fun dropped to 0.26% last week, marking an 80% decrease over the past three months. Meanwhile, the platform's average revenue from June to date is approximately $800,000, significantly lower than the average daily revenue of about $4.8 million six months ago. In June, Pump.fun's revenue fell by 25% month-over-month, and the token graduation rate decreased by 53% in the same period. This disparity indicates that the platform may still be maintaining some dollar revenue through auxiliary income from PumpSwap AMM trading fees and sponsorship for token listings, but its core function—pushing newly issued tokens to higher market cap stages—has significantly weakened. The decline of Pump.fun is also reflected in the price of the PUMP token, which has dropped about 40% over the past six months. At the same time, trader interest is shifting from Memecoin issuance on the Solana chain to other trading scenarios such as perpetual contracts, further driving down Solana network fees.

Pump.fun Activity Declines by 80% Over Three Months

On June 17, foreign media reported on the 16th that a memorandum of understanding between the United States and Iran includes a $300 billion private fund aimed at stimulating investment in Iran, with over half of the amount already secured in funding commitments. According to sources, the fund is designed to 'provide economic incentives for both parties to facilitate the final agreement' and is a 'private investment tool' that does not include any government funds or grants. Companies based in the United States, Gulf countries, as well as those from Asia, South America, and Africa have already committed to invest, covering sectors such as energy, logistics, manufacturing, and transportation. (Xinhua News Agency)

[Foreign Media: Over Half of $300 Billion Fund in US-Iran Agreement Secured Funding Commitments]On June 17, foreign media reported on the 16th that a memorandum of understanding between the United States and Iran includes a $300 billion private fund aimed at stimulating investment in Iran, with over half of the amount already secured in funding commitments. According to sources, the fund is designed to 'provide economic incentives for both parties to facilitate the final agreement' and is a 'private investment tool' that does not include any government funds or grants. Companies based in the United States, Gulf countries, as well as those from Asia, South America, and Africa have already committed to invest, covering sectors such as energy, logistics, manufacturing, and transportation. (Xinhua News Agency)

Foreign Media: Over Half of $300 Billion Fund in US-Iran Agreement Secured Funding Commitments

On June 17, Iranian sources reported on the 16th that Iran will not allow International Atomic Energy Agency (IAEA) personnel to enter its nuclear facilities for inspections during negotiations with the United States.

[Iran Temporarily Denies IAEA Access to Nuclear Facilities]On June 17, Iranian sources reported on the 16th that Iran will not allow International Atomic Energy Agency (IAEA) personnel to enter its nuclear facilities for inspections during negotiations with the United States.

Iran Temporarily Denies IAEA Access to Nuclear Facilities

On June 17, OpenAI developers announced that more features of Codex are being gradually rolled out to users across Europe this week. We are providing computer operation capabilities, the Codex Chrome extension, personalized memory features, and Chronicle to Codex users in the European Economic Area, the UK, and Switzerland.

[OpenAI Developer: More Codex Features Rolling Out Across Europe This Week]On June 17, OpenAI developers announced that more features of Codex are being gradually rolled out to users across Europe this week. We are providing computer operation capabilities, the Codex Chrome extension, personalized memory features, and Chronicle to Codex users in the European Economic Area, the UK, and Switzerland.

OpenAI Developer: More Codex Features Rolling Out Across Europe This Week

On June 17, U.S. intelligence assessments indicated that Iran, after demonstrating relevant capabilities during conflicts, still has the potential to close the Strait of Hormuz again. Although a deal to reopen the Strait is anticipated, Tehran retains capabilities in missiles, drones, speedboats, and mine-laying, which could disrupt global energy transportation. Intelligence officials stated that Iran has gained leverage over this critical trade route and may use regional energy infrastructure as a tool for pressure.

[U.S. Intelligence: Iran Still Capable of Closing the Strait of Hormuz Again]On June 17, U.S. intelligence assessments indicated that Iran, after demonstrating relevant capabilities during conflicts, still has the potential to close the Strait of Hormuz again. Although a deal to reopen the Strait is anticipated, Tehran retains capabilities in missiles, drones, speedboats, and mine-laying, which could disrupt global energy transportation. Intelligence officials stated that Iran has gained leverage over this critical trade route and may use regional energy infrastructure as a tool for pressure.

U.S. Intelligence: Iran Still Capable of Closing the Strait of Hormuz Again

The US Dollar Index fell 0.09% on the 16th, closing at 99.540 in the foreign exchange market.

[US Dollar Index Falls 0.09% on 16th]The US Dollar Index fell 0.09% on the 16th, closing at 99.540 in the foreign exchange market.

US Dollar Index Falls 0.09% on 16th

On June 17, the three major U.S. stock indices showed mixed results, with the Dow Jones rising by 0.64%, the S&P 500 falling by 0.57%, and the Nasdaq dropping by 1.15%. SpaceX saw an intraday increase of over 16%, but fell back in the closing hours to finish with a gain of 4.8%. Most chip stocks declined, with Intel down over 8%, AMD down over 7%, Micron Technology down over 6%, SanDisk down over 5%, ASML and Broadcom down over 4%, while Western Digital rose by 4.2%.

[U.S. Stock Indices Mixed, SpaceX Falls Back but Still Gains 4.8%]On June 17, the three major U.S. stock indices showed mixed results, with the Dow Jones rising by 0.64%, the S&P 500 falling by 0.57%, and the Nasdaq dropping by 1.15%. SpaceX saw an intraday increase of over 16%, but fell back in the closing hours to finish with a gain of 4.8%. Most chip stocks declined, with Intel down over 8%, AMD down over 7%, Micron Technology down over 6%, SanDisk down over 5%, ASML and Broadcom down over 4%, while Western Digital rose by 4.2%.

U.S. Stock Indices Mixed, SpaceX Falls Back but Still Gains 4.8%

On June 17, Iranian Press TV reported that Iran's First Vice President Mohammad Reza Arif stated that Tehran will retain control over the Strait of Hormuz and emphasized that vessels using this strategic waterway should pay for the security services provided by Iran. In a statement released by the presidential office, Arif noted during a meeting with officials on Tuesday: "The Strait of Hormuz belongs to Iran, and its management will continue to be the responsibility of Iran." He further stated that Iran has made significant sacrifices throughout its history to safeguard its rights in the strait region and is now striving to fully enjoy these rights. The important services provided by Iran help ensure the safe passage of vessels in the waterway; without such measures, ships may face risks, including encountering mines and resulting environmental hazards.

[Iran's Vice President: Tehran Will Maintain Control Over the Strait of Hormuz]On June 17, Iranian Press TV reported that Iran's First Vice President Mohammad Reza Arif stated that Tehran will retain control over the Strait of Hormuz and emphasized that vessels using this strategic waterway should pay for the security services provided by Iran. In a statement released by the presidential office, Arif noted during a meeting with officials on Tuesday: "The Strait of Hormuz belongs to Iran, and its management will continue to be the responsibility of Iran." He further stated that Iran has made significant sacrifices throughout its history to safeguard its rights in the strait region and is now striving to fully enjoy these rights. The important services provided by Iran help ensure the safe passage of vessels in the waterway; without such measures, ships may face risks, including encountering mines and resulting environmental hazards.

Iran's Vice President: Tehran Will Maintain Control Over the Strait of Hormuz

On June 17, CNN reported that an Israeli source revealed Israel had requested the United States to provide the text of the US-Iran memorandum for review, but this request was denied. The source stated that one reason for the US refusal was the concern from the Trump administration that Israeli Prime Minister Netanyahu might leak the content of the memorandum before its official release. Netanyahu held a press conference on the evening of June 15, during which he barely mentioned the memorandum in his opening remarks. In the subsequent Q&A session, he stated that he and Trump 'do not always agree.' He also remarked, 'We still do not know what this memorandum is about.' (CCTV International News)

[US Reportedly Refuses Israel's Request for US-Iran Memorandum Text]On June 17, CNN reported that an Israeli source revealed Israel had requested the United States to provide the text of the US-Iran memorandum for review, but this request was denied. The source stated that one reason for the US refusal was the concern from the Trump administration that Israeli Prime Minister Netanyahu might leak the content of the memorandum before its official release. Netanyahu held a press conference on the evening of June 15, during which he barely mentioned the memorandum in his opening remarks. In the subsequent Q&A session, he stated that he and Trump 'do not always agree.' He also remarked, 'We still do not know what this memorandum is about.' (CCTV International News)

US Reportedly Refuses Israel's Request for US-Iran Memorandum Text

According to Beating monitoring, Chinese AI lab DeepSeek has completed its first round of financing exceeding 50 billion yuan (approximately $7.4 billion), with a valuation surpassing $50 billion. This financing adopted an unconventional transaction structure, where external investors do not directly invest in DeepSeek but instead contribute to a limited partnership managed by CEO Liang Wenfeng, ensuring the founder retains absolute control over the company. All investors, except for a national-level fund, face a five-year lock-up period during which they cannot transfer or sell their shares. In terms of funding sources, founder Liang Wenfeng personally contributed 20 billion yuan, Tencent invested 10 billion yuan, CATL invested 5 billion yuan, and JD.com, NetEase, and IDG Capital each invested 3 billion yuan. The only exception is the National Artificial Intelligence Industry Investment Fund, which directly invested 1 billion yuan in DeepSeek, holding voting rights and not subject to the five-year lock-up period. Other external investors do not have voting rights and can only access specific financial information and enjoy priority subscription rights for subsequent financing. This new round of financing marks a significant shift in DeepSeek's operational model. Since its establishment in 2023, DeepSeek, as part of the Huanfang Quantitative AI team, has relied on its own funds for operations and maintained research independence due to a lack of commercialization pressure. However, under pressure for funding and talent retention, Liang Wenfeng and the team initiated financing in April and conducted strict due diligence on the identities of the limited partners behind the investors to prevent equity from falling into the hands of unknown investors.

[DeepSeek Completes Over $7.4 Billion in First Round Financing, Valuation Exceeds $50 Billion with Founder Retaining Absolute Control]According to Beating monitoring, Chinese AI lab DeepSeek has completed its first round of financing exceeding 50 billion yuan (approximately $7.4 billion), with a valuation surpassing $50 billion. This financing adopted an unconventional transaction structure, where external investors do not directly invest in DeepSeek but instead contribute to a limited partnership managed by CEO Liang Wenfeng, ensuring the founder retains absolute control over the company. All investors, except for a national-level fund, face a five-year lock-up period during which they cannot transfer or sell their shares. In terms of funding sources, founder Liang Wenfeng personally contributed 20 billion yuan, Tencent invested 10 billion yuan, CATL invested 5 billion yuan, and JD.com, NetEase, and IDG Capital each invested 3 billion yuan. The only exception is the National Artificial Intelligence Industry Investment Fund, which directly invested 1 billion yuan in DeepSeek, holding voting rights and not subject to the five-year lock-up period. Other external investors do not have voting rights and can only access specific financial information and enjoy priority subscription rights for subsequent financing. This new round of financing marks a significant shift in DeepSeek's operational model. Since its establishment in 2023, DeepSeek, as part of the Huanfang Quantitative AI team, has relied on its own funds for operations and maintained research independence due to a lack of commercialization pressure. However, under pressure for funding and talent retention, Liang Wenfeng and the team initiated financing in April and conducted strict due diligence on the identities of the limited partners behind the investors to prevent equity from falling into the hands of unknown investors.

DeepSeek Completes Over $7.4 Billion in First Round Financing, Valuation Exceeds $50 Billion with Founder Retaining Absolute Control

Just Now, Claude Mythos 5 Released, Handles 50 Million Lines of Code in One Day

SemiAnalysis Report Claims Delay in Two Key Technologies, Triggers Sharp Decline in 'Optoelectronics', Sparking Online Debate Over CPO

$500 Billion, 20-Year Lease: OpenAI in Talks for 10GW Ohio Data Center, Nvidia Set to Act as Credit 'Backstop'

Internet-Famous Institution Battles White-Haired Stock God: What Does the Report That Crashed CPO Stocks Actually Recommend?

SpaceX's Core Window for Listed Trading: July 7th Nasdaq Inclusion Date and Post-Q2 Earnings Lockup Expiration

TON Revives the Gram Brand, a Name That Disappeared Six Years Ago Returns

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Sequoia Dialogue with Jensen Huang: Computing Model Undergoes a 60-Year Transformation; You Won't Be Replaced by AI, But You Will Be Dimensionality-Reduced by 'Those Who Master AI'

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Article

Musk's Wealth Increases by Nearly $140 Billion in One Day

DeepSeek Completes Over $7.4 Billion in First Round Financing, Valuation Exceeds $50 Billion with Founder Retaining Absolute Control

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