Today in Crypto: Memecoin platform Pump.fun launches investment arm “Pump Fund,” Injective holders back changes to the network’s economic model to curb new token supply while preserving its buyback-and-burn mechanism, while Bitcoin drew the bulk of capital moving into crypto funds last week.
Pump.fun unveils Pump Fund investment arm
Memecoin launchpad Pump.fun is spinning up a new investment arm aimed at backing promising startups, in its first significant pivot away from its memecoin roots.
Pump.fun said on Monday it was launching Pump Fund alongside a $3 million hackathon, which would fund 12 projects with $250,000 each at a $10 million valuation.
It added that the investment arm would be “aligning itself with projects long-term,” which do not need to be crypto-related, and that it would provide mentorship from Pump.fun founders.
The project comes as trading volumes on the Pump.fun have fallen from highs in early 2025, which was spurred by a frenzy of memecoin trading at the time.
Pump.fun said its new investment arm would fund projects of “all maturities, verticals, and traction” with a focus on teams that are “shipping quickly [and] openly communicating their plans.”
“Aside from product/social traction, we'll assess the long-term viability of the project,” it added.
Injective community passes governance vote to slash INJ token supply
Injective’s protocol community approved a major tokenomics overhaul on Monday, passing a governance proposal with 99.89% support based on staked voting power.
Injective is a layer-1 blockchain focused on decentralized finance applications, with INJ (INJ) serving as its native token for staking, governance and transaction fees.
The Supply Squeeze proposal (IIP-617) reduces its native token issuance and maintains the network’s buyback-and-burn program, which uses protocol-generated revenue to permanently remove tokens from circulation.
The network said it has removed about 6.85 million INJ from circulation through token burns. The proposal is designed to accelerate tokens removal by aligning reduced issuance with recurring buybacks.
According to an X post from Injective on Monday, the governance changes, which are live, will enable “INJ to become one of the most deflationary assets over time.”
The governance vote follows a prolonged downturn in INJ’s market price amid a broader altcoin sell-off. Over the past year, INJ has fallen nearly 80% and is down more than 90% from its all-time high achieved in March 2024. The token was down about 8% on Monday, according to CoinGecko data.
Community reaction on X after the vote was mostly optimistic, with users framing it as a structural shift rather than a short-term market catalyst.
According to DefiLlama data, at time of writing Injective had $18.67 million in total value locked (TVL) across its DeFi ecosystem, down sharply from peaks above $60 million in 2024.
Crypto ETPs gather steam with $2.2 billion inflows, Bitcoin dominates
Crypto investment products continued gathering steam last week, with fund inflows outpacing every other week in 2026 so far and marking the largest gains since October.
Crypto exchange-traded products (ETPs) drew $2.17 billion of inflows last week, European crypto asset manager CoinShares reported on Monday.
The bulk of inflows came earlier in the week, but Friday saw sentiment shift as $378 million in outflows amid Greenland geopolitical escalation and fresh tariff worries, CoinShares’ head of research, James Butterfill, said.
“Sentiment was also weighed down by suggestions that Kevin Hassett, a leading contender for the next US Fed Chair and a well-known policy dove, is likely to remain in his current role,” the analyst added.
Most of last week’s crypto fund gains were concentrated in Bitcoin (BTC), which attracted $1.55 billion of inflows, or more than 71% of the total weekly haul.
Ether (ETH) funds drew $496 million in inflows, while XRP (XRP) and Solana (SOL) funds followed, pulling in roughly $70 million and $46 million, respectively. Smaller altcoins such as Sui (SUI) and Hedera (HBAR) recorded inflows of $5.7 million and $2.6 million.
