baton

According to GMGN data, the market capitalization of the Meme coin baton on the Solana chain briefly surpassed 10 million USD, with a 24-hour increase of over 470%, currently reported at 7.9 million USD.It is reported that BATON is a community Meme coin derived from the history of Baton Corporation, the company behind Pump.fun, and its early project Baton Finance, only borrowing the relevant narrative and having no official connection with Pump.fun. Users are reminded that the prices of Meme coins are highly volatile, and investors should participate with caution.

Baton Corporation, the UK-based development company behind Pump.fun, is hiring a Chief Legal Officer (CLO) with a base salary range of $1 million to $5 million, co-founder Alon Cohen announced on X on Wednesday. This salary level is among the top in the crypto industry, with the $5 million cap comparable to the compensation of executives at large American investment banks.According to the job listing, the CLO will be responsible for U.S. digital asset regulatory affairs (covering SEC, CFTC, FinCEN, and OFAC), product and commercial legal matters, corporate governance across Baton’s UK parent company and overseas subsidiaries, as well as cross-border compliance covering the UK FCA, EU MiCA, and the Asia-Pacific region, while overseeing AML/KYC projects and litigation management.The job listing reveals that Pump.fun has a daily trading volume exceeding $300 million and generated over $500 million in profit last year with a team of fewer than 100 people. This recruitment aims to add a legal infrastructure layer to the previously streamlined team operations of the platform.

ChainCatcher news, according to AlleyWatch, blockchain music collaboration protocol development company Baton announced the completion of a $4.2 million financing round, led by BITKRAFT Ventures, with participation from Techstars, Dorm Room Fund, NYU Innovation Venture Fund, Berkley Center for Entrepreneurship, Dark Arts, Franklin Templeton, Harmonic Future, and a number of angel investors.It is reported that Baton has built a music collaboration protocol and a mixed media collaboration protocol based on blockchain, aimed at helping creators exchange music materials, track intellectual property, and obtain corresponding incentives. In the future, the company also hopes to expand related applications beyond the music industry.