GeckoPulse: Say Goodbye to Vector!

The Big Blue Expands to Solana

Vector.fun, the Solana-based SocialFi trading platform developed by Tensor Labs, is the latest addition to Coinbase’s recent string of acquisitions in 2025 thus far.

Vector allowed users to trade memecoins and copy other traders, while competing against each other in local leaderboards.

According to Coinbase, the acquisition will serve as a stepping stone in penetrating the Solana market by integrating the network’s native assets into Coinbase’s DEX trading interface.

The deal is currently in its final stages and is expected to be completed by the end of the year.

As part of the offer, Vector’s applications will be shut down and users will have until 26 November to withdraw their funds.

Besides that, the Tensor NFT marketplace, along with its native TNSR token and Tensorians NFT collections, will be acquired by the Tensor Foundation.

Prior to the announcement, the price of TNSR had surged by 6x from $0.04 to a peak of $0.28, but has since retraced to $0.17 as of today.

Portal to Sunrise

Wormhole Labs has introduced a new product that enables the direct introduction of new crypto assets to Solana.

Known as Sunrise, token issuers will be able to transfer assets from other ecosystems through a unified platform easily.

The first of these assets will be Monad's native MON token, which is scheduled to go live later today. 

Sunrise will be integrated with the Orb block explorer and Jupiter DEX from day one, allowing anyone to trade these tokens on Solana.

Pre-deposit Season 

Ethereum Layer-2 MegaETH has announced the pre-deposit campaign for its USDm stablecoin, slated to go live on November 25.

USDm is MegaETH’s native stablecoin, built in collaboration with Ethena and backed by USDtb, where generated yield will be utilized to offset network sequencer costs.

The pre-deposit program will be capped at $250M, with no individual deposit caps.

However, only users who have completed KYC as part of MegaETH’s recent public token sale and reside in certain jurisdictions will be able to participate, as per the campaign’s FAQ.

Additionally, the campaign will only accept USDC deposits, which will be locked until the launch of the MegaETH mainnet.

Based on the campaign’s FAQ, depositors will also be considered for the Rewards Campaign, with the opportunity to earn MEGA tokens.

MEGA is currently trading at $0.35 on Hyperliquid pre-markets, implying a fully diluted valuation of $3.5B.

Magic Internet Credit

After launching its Bitcoin borrowing program earlier this year, Coinbase is now offering ETH-backed loans to users from the US.

Eligible customers will be able to borrow up to $1M in USDC against their ETH holdings, with no fixed repayment date.

Loans are provided through the Morpho lending protocol on Base, which also dictates the interest rates based on supply and demand for borrowing.

However, users will have to make sure their loan-to-value ratio remains below 86%, or their funds will be liquidated.

Ignition Is On!

The Hyperliquid DEX has introduced ‘growth mode’ to its recent HIP-3 implementation, allowing users to set up new markets at lower costs.

As per the team’s latest announcement, the new upgrade will allow creators to slash taker fees by over 90%, and can be permissionlessly activated for each asset independently.

Similarly, eligibility for rebates and individual volume tiers will also be reduced by over 90%.

Additionally, the reduction in fees will stack on top of other benefits from HYPE staking and stablecoin collateral, which could result in trading fees as low as 0.00144%.

However, markets with growth mode enabled must remain separate from validator-operated markets such as crypto ETFs and indices.

Market creators will also have to wait 30 days after growth mode is enabled before further changes can be made.

Since the announcement, the price of HYPE has risen slightly by 1.9% from $37.81 to $38.52.

By Executive Order

Even though the keys might be yours, your tokens might still be left out in the cold.

Trump-backed DeFi project World Liberty Financial is once again under the spotlight regarding its centralized nature, after the team demonstrated their ability to freeze and reallocate tokens.

The platform recently stated that they intend to reclaim the funds from 272 wallets that were frozen in September, and to redistribute them to new wallets.

However, these affected wallets represent just a small group of users, and reallocation will only be conducted for KYC-ed accounts.

World Liberty’s native WLFI token is currently down by 7.2% in the past week, and has plunged by 58.0% since its initial launch in September.

In Other News

The Closure of D.O.G.E. The US Department of Government Efficiency (DOGE) is winding down early despite months left to run. The government cost-cutting agency was started by Donald Trump and briefly helmed by Elon Musk who famously named the agency after the Doge memecoin.

Solo Bitcoin Miner Strikes Gold. A solo miner earned a Bitcoin bounty for mining the network’s 924,569th block securing $266K worth of Bitcoin as his reward. The odds of solo miners winning has historically been astronomically low.

Monad Launches Today. Trading for Monad’s MON token will begin today after the conclusion of the MON pre-sale on Coinbase which saw $269M committed by 85,820 participants.

Aerodrome and Velodrome Compromised. The front-end of the Base and Optimism DEX, Aerodrome and Velodrome respectively appeared to have been compromised. While funds appear secure, users are advised to not interact with the main URL of these DEXs until further notice.

DeFi’s Liquidity Crisis. A report by DEX aggregator 1inch found that 83-95% of liquidity in major DeFi pools, such as Uniswap and Curve, is idle. This means over $12B worth of capital sits idle in liquidity pools not generating any returns or fees. This is caused by heavy price movements, causing many liquidity positions to go out of range.

Extreme Fear in the Markets. Crypto liquidations soared to $829M, as crypto sentiment indexes hit “extreme fear”. US stock market sell offs and macro uncertainty are said to be contributing factors to this downturn.

$1.3B Bitcoin Whale Is Out. A Bitcoin billionaire has apparently moved and sold his massive $1.3B stash of Bitcoin which he has accumulated since 2011. Crypto analytics firm Arkham has identified the whale as Owen Gunden, an early Bitcoin arbitrage trader.

Kalshi Secures $1B Funding. Decentralized prediction market platform Kalshi, one of Polymarket’s main competitors, has secured an additional $1B in funding, bringing its total valuation to $11B.

Unauthorized Dumping. Privacy project Nillion experienced a sharp 50% dip for its NIL token which was apparently caused by a market maker dumping its share of NIL tokens without authorization from Nillion’s team. The market maker is allegedly unresponsive and can be assumed to have rugged their liquidity.

Malaysia’s $1B Crypto Mining Power Theft. Malaysia’s state electric utility provider, Tenaga Nasional Berhad reported that illegal Bitcoin mining operations have drained about $1.1B worth of electricity over the past 5 years. These Bitcoin farms allegedly skipped power meters and tapped directly into the nation’s power lines.

Base’s Jesse Launching JESSE Token. Jesse Pollak the lead behind Coinbase’s Base L2 announced that he will be launching a JESSE token on 25 November using the BaseApp under his jesse.base.eth handle. This move is part of Jesse’s campaign to move away from “content coins” and towards “creator coins”.

Polymarket’s Gambit. Prediction market Polymarket has secured an official partnership with Chess.com to power predictions for the upcoming Speed Chess Championship 2025.

Jupuary 2026 Details Emerge. Preliminary airdrop details for Jupiter’s scheduled airdrop event in January 2026 have been released. 200M JUP tokens have been earmarked to be airdropped with 25M allocated to stakers and 175M to “fee paying users”. The snapshot will be taken on January 30 2025.

Aster Releases Machi Mode. Perp DEX Aster is celebrating “degen culture” with the launch of “Machi mode,” a new feature that rewards traders with points for getting liquidated. Machi mode is named after “Machi Big Brother” a crypto trader infamous for having the highest recorded losses in liquidations on Hyperliquid, ahead of other infamous traders such as James Wynn.