Pump.fun is building serious momentum. The Solana-based launchpad has now outpaced Hyperliquid in daily revenue, another milestone in its latest comeback. Summary Pump.fun generated $2.55 million in 24-hour revenue, surpassing Hyperliquid’s $2.21milion. The growth comes after the protocol launched Project Ascend, which introduces dynamic, market cap-based fees to reward long-term token growth. The PUMP token…
Ethereum exchange-traded funds have hit a rough patch, posting losses for three days in a row. The trend highlights cooling sentiment around Ether as Bitcoin funds continue to attract steady inflows. Summary Ethereum ETFs recorded net outflows of $38.2 million on September 3, marking a three-day streak of redemptions. BlackRock’s ETHA fund drove the largest…
The U.S. SEC’s Crypto Asset Task Force is reviewing a proposal to protect digital assets against the dangers of quantum computing decryption. Summary The SEC Crypto Asset Task Force has received a proposal titled the “Post-Quantum Financial Infrastructure Framework” designed to provide a roadmap for protecting crypto assets from quantum computing attacks. Experts warn of…
LINK price defended the $23 support today, a key level it needs to sustain for a potential rally toward $45 in the coming weeks. Summary LINK price has managed to hold support above $23 amid its downtrend over the past week. Chainlink has secured several key partnerships over the past month. Based on a double…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Comparing this year’s Bitcoin (BTC) chart to the U.S. dollar’s DXY index makes for a stark contrast. While Bitcoin has soared to new heights, breaching the $120,000 threshold, the DXY has had…
Arbitrum has launched the DRIP program to incentivize productive DeFi activity by rewarding users with ARB tokens for leveraging lending and looping strategies across its ecosystem. Summary Arbitrum DRIP Season One incentivizes leverage looping strategies in lending markets, rewarding users with ARB tokens for borrowing and redepositing assets. Eligible assets for collateral include major stablecoins…
Bad actors have started using Ethereum smart contracts to deploy malicious software and code, and are therefore able to bypass traditional security scans using this novel technique. Summary The npm packages use Ethereum smart contracts to hide malicious payloads. Researchers believe it is part of a larger campaign that primarily operates through GitHub. Researchers at…
Ukraine is edging towards clearer crypto regulation with a new bill on legalization and crypto taxation. Summary Ukraine’s parliament, the Verkhovna Rada, has passed the first reading of a bill to legalize cryptocurrency, with 246 votes in favor and 31 against. The bill introduces an 18% tax rate, with a 5% tax on crypto profits,…
Ethereum has pulled far ahead in total value locked while Solana remains stuck despite strong network activity. Summary Ethereum’s DeFi TVL has jumped from $43B in April to $92B, aided by yield strategies, institutional inflows, and an ETH rally. Solana’s TVL is holding at $25.7B backed by $12.46B in stablecoins and $118B in 30-day DEX…
A new regulatory guidance has opened doors for Polymarket to re-enter the United States following a three-year ban. Summary Polymarket has received a CFTC no-action letter covering QCX LLC and QC Clearing LLC, clearing the way for its U.S. return. The platform acquired the firms in July for $112 million, gaining a licensed exchange and…
