FUNTOKEN (FUN) падение

Predict Fun, a prediction market platform on BNB Chain, has officially acquired its former competitor Probable, marking a strategic consolidation within the BNB Chain prediction ecosystem. The merger combines Predict Fun’s capital-efficient model—featuring yield-generating mechanisms via integration with Venus Protocol—with Probable’s strong community-driven presence and expertise in the Chinese market. The acquisition aims to address key challenges in prediction markets, including capital inefficiency and lack of localization. Probable had demonstrated success in engaging Chinese users through culturally relevant events, though it also revealed limitations such as lower commercial value and reduced market diversity compared to global platforms like Polymarket. User migration from Probable to Predict Fun is underway, with incentives including double fee refunds and a tiered points conversion system. However, some users have raised concerns over points dilution due to differences in emission rates between the two platforms. Industry observers view the merger positively, noting that it consolidates liquidity, reduces internal competition, and strengthens BNB Chain’s position in the global prediction market landscape. The integrated platform is expected to focus on localized operations, expanded market categories, and improved liquidity. For users, strategies such as trading in high-liquidity markets, leveraging yield-bearing mechanisms, and exploring cross-platform arbitrage may offer lower-cost participation opportunities. The merger signifies the end of the “horse race” phase within BNB Chain’s prediction market and the beginning of a more unified growth strategy.

Interview with Kongkou (KK), UXLINK Ecosystem Lead: "Not a Prisoner, Just a Player – Staying in Web3 Because It’s Fun" KK, UXLINK’s Ecosystem Lead, shares his unconventional journey into Web3. With a background in economics and experience spanning Swedish manufacturing supply chains, Hasselblad (under DJI), and community growth in Web3, he emphasizes adaptability over formal credentials. He entered Web3 in 2021, learning through hands-on experience—earning and losing in NFTs, participating in early Solana trading, and navigating GameFi downturns. He believes real learning comes from taking risks and experiencing losses firsthand. At UXLINK, KK drove significant growth through well-timed, mechanism-focused campaigns like joint airdrops, leveraging Telegram’s invite-based reward system. He stresses that timing and structure matter more than creativity in driving user adoption. KK also reflects on a major security breach UXLINK suffered—a costly lesson highlighting that security is a discipline issue, not just a technical one. He advises strict measures like physical isolation, avoiding cloud-stored seed phrases, and using dedicated devices for financial operations. Despite challenges, he remains in Web3 for the positive team environment and personal enjoyment. He embraces AI tools for work and life, balances stress with sports like climbing and squash, and advises newcomers to network actively and keep learning. Beyond Web3, KK is a craft beer enthusiast, recommending Japanese lagers for beginners and stouts or IPAs for advanced drinkers, with a shout-out to Shanghai’s 233 Bar. His philosophy centers on staying relaxed, avoiding industry burnout, and valuing longevity over short-term gains.

The article "Why We No Longer Passionate About Crypto" explores the growing sense of disillusionment among crypto veterans. Many who once found excitement in the space now feel stuck, particularly those not working on stablecoins, financial infrastructure, or DeFi. The author notes that the previous era—where developer-focused products thrived on vibes rather than revenue—ended about 18 months ago. The crypto market for non-financial applications is now seen as limited, with an estimated annual addressable market of only $200–300 million, leading many builders to feel they have few viable paths forward. The rise of AI has intensified this frustration, as it offers faster innovation and more tangible product development compared to crypto’s current constraints. The author outlines several unappealing options for those exploring crypto-AI intersections: tokenizing traditional AI products without real utility, building decentralized AI infrastructure (which lacks immediate feedback), or competing with giants in AI-focused stablecoin infrastructure. Despite this pessimism, the author concludes with a note of optimism: Crypto’s unique value lies in its ability to serve as "capital superconductor" for growth. The convergence of AI-driven product innovation and crypto’s programmable capital mechanisms could fuel a new generation of "agent-based companies," creating a renewed sense of purpose for those who remain.

Hong Kong police arrested multiple individuals (five women and one man, aged 51-64) in connection with Fun Coffee, following 225 complaints from victims aged 32-83. Fun Coffee allegedly promotes a high-yield cryptocurrency investment scheme, claiming to research high-tech coffee equipment and coffee plant gene enhancement. It entices investors by promising an annual return of 278%. For example, an investment of 29,800 USDT (approx. HKD 230,000) for 570 days is promised to yield 129,093 USDT (approx. HKD 1 million). Authorities state the company lured investors through seminars and encouraged recruiting friends and family for rewards. Investors were directed to download an app and transfer crypto to provided addresses to purchase "investment packages." Entering the Hong Kong market late last year, Fun Coffee portrayed itself as socially responsible. However, Hong Kong's Securities and Futures Commission (SFC) listed it as suspicious in July, and Vietnamese authorities warned it might be a financial pyramid scheme. Despite this, the scheme continues aggressive expansion into mainland China, Korea, and Singapore. Hong Kong has criminalized promoting stablecoin services without a license, with penalties including heavy fines and up to six months imprisonment. Authorities have also proposed stricter oversight for crypto asset custodians and broker-dealers.

Hong Kong police have updated the estimated losses from the cryptocurrency-linked "Fun Coffee" scam scheme to approximately HKD 104 million (USD 13 million), as more victims come forward. Following coordinated raids with Macau authorities, six people were arrested in Hong Kong and two in Macau. The scam, which operated as a classic pyramid scheme by paying early investors with funds from new ones, collapsed in late July after its app stopped functioning. Fun Coffee had presented itself as a legitimate Vietnamese coffee business with a billion-dollar valuation, promising unrealistic annual returns of 197% to 278%. Despite warnings from Hong Kong's Securities and Futures Commission in July and earlier alerts from Vietnamese authorities, hundreds of people invested. Local legislator Johnny Ng Kit-chong suggests over 1,000 individuals may be affected. The case is part of a broader trend, with online investment fraud involving virtual assets causing record losses in Hong Kong in 2025.