Ozzy Osbourne's Death Triggers Memecoin Frenzy | COINDESK DAILY

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4.7 • 698 Ratings

🗓️ 23 July 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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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. - Midnight is a privacy-enhancing blockchain introducing vital, programmable privacy and selective disclosure capabilities. It means DApps can allow users to control what information is revealed without putting sensitive data on-chain, allowing you to break free from the limitation of choosing between utility or privacy. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit midnight.network/break-free - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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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