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Mocaverse’s MocaProof Beta Onchain reputation has never mattered more than it does today, and Animoca’s Mocaverse has the solution with the launch of the MocaProof beta. - MocaProof is a gamified digital identity and reputation platform built by Animoca’s Mocaverse and live on Moca Chain Testnet.
- Users can prove claims about themselves like holdings, activity, reputation, and humanity, without having to reveal personal data.
- Proof of Personhood credential is now live, issued by the zero-knowledge credential layer, zkMe.
- In the live beta you can create your identity while creating and evolving your virtual companion/avatar called a Mocat.
- Mocats evolve based on quantity and quality of verifications.
- Gamification and rewards will distribute $MOCA tokens, partner points, and more during the beta and once mainnet goes live later this year.
The Clarity Act In Doubt 
Last week the market structure bill failed to reach its Senate markup on Thursday, and now its future is in serious doubt after Coinbase pulled support. - The Senate Banking Committee decided last week to delay Thursday’s scheduled market structure
markup after Coinbase withdrew their support of the bill.
- Coinbase CEO Brian Armstrong says banks are trying to undermine President Trump’s crypto
agenda.
- Brian Armstrong says Coinbase pulled support due to the bill’s new de facto ban on tokenized
equities, DeFi prohibitions, and amendments that kill stablecoin yield.
- A16z, Circle, Kraken, Ripple, Digital Chamber, and Coin Center broke ranks with Coinbase and still support the current iteration.
- Eleanor Terrett reports that the White House is considering pulling its support for the Clarity
Act.
- The Senate is now hopeful to have a new markup date set this quarter, months after the initial markup
date.
Is the AI Meta Back? 
Solana’s Bags App has exploded as a new kind of launchpad where tokens can redirect all trading fees straight to a creator, project, or even a cause. The result is a powerful new incentive loop that’s already pumped out $21M+ in creator earnings and kicked off an AI-token mini season with names like $GAS and $RALPH getting serious attention. - Bags’ fee redirection makes it feel like crypto-native Patreon/GoFundMe, except it trades like a memecoin casino.
- The new platform became the #1 launchpad by volume with roughly 47% market share across launchpads,
flipping Pump.fun.
- The $GAS token launched on Bags App after hype formed around Steve Yegge’s “Gas Town” AI coding project.
- Yegge claimed over $300K in fees, sending $GAS to a $60M market cap, but
then fell to just $1.5M after he told the community he can’t live on Crypto Twitter and build at the same time.
- Even non-crypto natives like Yishan (ex-Reddit CEO) claimed fees for tree planting, calling it a
strange but wonderful internet fundraiser and promising updates.
- Traders are hoping the AI meta is back, pitching a version of “real AI tokens” where model/agent
usage drives revenue, which funds buybacks or subsidizes inference costs.
- Backlash is building too as critics argue Bags enables tokenizing people/projects without
consent, then “bribing” them with fees and begging for acknowledgement.
AI 
The AI market is down -6.29% in the past 7 days to a $5.26B market cap. Top token movers include REKT (+5.82%), OPEN (-56.73%), FARTCOIN (-23.38%), TURBO (-20.74%), and PIPPIN (-19.84%). - After living at the top of Cookie.fun’s mindshare rankings, HeyElsa is set to have its TGE today.
Exchange listings include ByBit, Coinbase, KuCoin, MEXC, and Binance Alpha.
- X killed InfoFi platforms' access to its API, now forcing projects like Kaito, Cookie.fun and Xeet to accelerate
plans to go multi-platform.
- This week's hottest AI token, $RALPH, hit a $40M market cap during the weekend AI frenzy. It’s a Claude Code plugin called Ralph
Wiggum that lets people vibe code in an app that then loops until results are completed.
- Reply Corp on Virtuals announced that they are unaffected by X’s shutdown of InfoFi, explaining that
they are a referral program, not engagement farming.
- Ben Affleck says that AI will not replace writers and believes the tech has
plateaued.
NFTs 
- NFT sales are up 6.23% this week to $57.29M, but still come in at the 3rd lowest we’ve seen since Feb 2021. Buyers fell
-17.27% (95K), sellers -5.36% (92K), transactions -5.62% (546K), trade profits -7.66% (-$5.08M), and average sale price was up 12.57% ($104.83).
- Adam Weitsman continues his big buying spree, picking up XCOPY’s The State of Us for 65 $ETH, a
1/1 Chimpers NFT (Divine Chimpers) for 10 ETH, and a 1/1 RektGuy for an undisclosed amount.
- Nakamigos minted out a new 10k edition collection called CYPHERPUNK FILES for .01 $ETH
each.
- Magic Eden announces major $ME token buybacks and USDC revenue share with $ME
stakers.
- OpenSea’s Wave 4 chests contained a Pudgy Penguin soulbound token for traders whose chests were
level 4 or above.
- Pudgy Penguins reveal a major new partnership with Manchester City, and will release premium
collectibles soon.
- Rekt Drinks are running a promo in Giant Eagle stores - buy a 4 pack for $6.99 and get $17 worth of
$REKT coin.
- Plush Pepes on Ton have rocketed to a $19K floor as collectors on Telegram ramp up their NFT
collecting.
Top Gainers 7d HASH - $0.02687 (+28.2%)
ICP - $3.76 (+7.3%)
QNT - $79.28 (+5.4%)
SKY - $0.0617 (+3.6%)
XAUT - $4,742.76 (+2.8%)
Top Losers 7d
XMR - $527.06 (-21.7%)
WLD - $0.4757 (-19.5%)
ENA - $0.182
(-18.8%)
RENDER - $1.95 (-18.3%)
SUI - $1.50 (-18.2%) |
