Ozzy Osbourne's Death Triggers Memecoin Frenzy | COINDESK DAILY
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 23 July 2025
⏱️ 3 minutes
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Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry as Ozzy Osbourne’s death sparked a wave of scam tokens on Solana.
Ozzy Osbourne’s death on Tuesday has sparked a wave of scam tokens on Solana, as bad actors exploit the heavy metal icon’s legacy for quick cash grabs. Plus, U.S. trade deal updates and a note from HKMA on the stablecoin hype.
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
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Transcript
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| 0:00.0 | Black Sabbath frontman's Ozzy Osbourne death triggers a meme coin frenzy and the United States reaches a trade deal. |
| 0:07.4 | You're watching Coin Desk Daily. I'm your host, Jen Sanassi. |
| 0:16.2 | The death of legendary rock star Ozzy Osborne triggered a frenzy in the crypto markets. |
| 0:21.4 | Hours following the news, developers began minting Aussie and RIP Aussie tokens across the Solana blockchain, |
| 0:28.1 | hoping to capitalize on the heavy metal icon's passing. |
| 0:31.5 | According to on-chain data, several pools saw liquidity pulled within minutes, |
| 0:35.5 | netting an estimated investor loss of over $300,000. |
| 0:39.1 | A report by Solidus Labs claims that up to 98% of tokens on Pump.com fund were rug pulls or |
| 0:45.4 | pump and dump schemes, while Pump.combe says Solidus lacks basic understanding of meme coins. |
| 0:52.0 | The United States has reached trade deals with countries like |
| 0:54.8 | Japan and Indonesia. According to analysts from Deutsche Bank, the announcement raised hopes that the |
| 1:00.3 | U.S. might be about to reach deals with other countries that avoid the higher tariffs. |
| 1:04.5 | That optimism has allowed investors to move into risk your assets with equity index futures |
| 1:09.0 | rising and the price of gold falling. |
| 1:11.6 | The narrative carries over to the crypto markets as well with strong capital shifting away |
| 1:15.5 | from Bitcoin and into altcoins. |
| 1:17.7 | Ether ETFs have brought in $830 million week to date and the NFT market is also seeing a major |
| 1:23.8 | revival. |
| 1:24.7 | As of this morning, Bitcoin is trading at around $117,900 and ether dip to the $3,600 level. |
| 1:32.1 | Midnight is a privacy-enhancing blockchain, introducing vital, programmable privacy and selective |
| 1:37.1 | disclosure capabilities. It means DAPs can allow users to control what information is revealed |
| 1:42.6 | without putting sensitive data on-chain, |
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