Recent developments in the world of cryptocurrencies and communication technologies have unveiled significant events. Letsbonk has achieved record fee revenue, and Jack Dorsey has launched a new messaging app.
Letsbonk Achieves Record
According to DefiLlama, on July 7, Letsbonk, a meme coin launch platform, recorded over $1.04 million in daily fee revenue, surpassing rivals Pump.fun ($920K) and Sky ($950K), securing 16th place among all blockchain protocols by fee income.
Letsbonk reached this milestone due to its simplified token launch process and reduced participation costs. The platform also witnessed a massive spike in user activity, launching 16,802 meme coins in a single day—far exceeding Pump.fun’s 9,908. Active addresses hit 37,000, second only to Pump.fun’s 88,000.
Jack Dorsey Launches Bitchat
Jack Dorsey, CEO of Block, announced the launch of Bitchat, a fully decentralized messaging app. Developed as a weekend project, Bitchat leverages Bluetooth mesh networking for local communication without the internet, servers, or phone numbers.
According to its GitHub documentation, the app encrypts all messages and adopts an IRC-style interface, focusing on privacy, censorship resistance, and offline functionality.
Though experimental, Bitchat signals a shift toward decentralized communication protocols that prioritize privacy and resilience.
UAE Denies Crypto Investors' Golden Visa Eligibility
The UAE’s Federal Authority for Identity, Citizenship, Customs & Port Security, Securities and Commodities Authority, and Virtual Asset Regulatory Authority issued a joint statement denying recent claims that cryptocurrency investors qualify for the country’s 10-year Golden Visa.
This clarification came after the TON project announced a program offering Golden Visas in exchange for staking $100,000 worth of TON tokens and paying a $35,000 fee — a claim now explicitly denied by UAE regulators. The agencies reaffirmed that only certain categories, including real estate investors, scientists, and top talents, are eligible under UAE law.
The recent events in the cryptocurrency and communication worlds highlight the importance of reliable information and adherence to regulatory standards. Platforms such as Letsbonk are opening new horizons in crypto investments, while Jack Dorsey’s initiative reflects a growing interest in decentralized communications.
