[2025-02-24] The latest IT, economic, blockchain and coin news

Raydium's RAY token plummeted Sunday amid speculation that meme coin launchpad Pump.fun is preparing to launch its own automated market-making system. RAY has dropped 22% over the past 24 hours to $3.28 and is down a further 5% over the past hour, according to data from GeckoTerminal. Pump.fun has yet to respond to Decrypt's request for comment. Raydium's representatives have not publicly addressed the situation nor returned requests for comment. The sharp decline follows the discovery of an app...