The PUMP token is surging as strong buybacks and rising demand spark a 22% jump, putting the token in the spotlight for investors and traders alike. Summary PUMP price rallied 22% to multi-day highs, trading near $0.0058 after back-to-back gains. Pump.fun’s buyback program has removed over 21 billion PUMP from circulation since July, reducing supply…
US CPI data is expected to release today at 12:30 UTC. The crypto market is bracing itself for what may be a massive rally or a halt. Will consumer inflation data shake up the crypto markets? Summary US CPI data is expected to be released at 12:30 UTC today, with economists predicting it to rise…
The shooting incident involving U.S. activist Charlie Kirk has spilled into the crypto markets. Within hours, a wave of meme-style tokens using Kirk’s name appeared across several platforms, sparking a rush of speculative trading. Summary Charlie Kirk crypto tokens surged onto the market after the shooting of the U.S. activist. On pump.fun, a token called…
Hyperliquid’s push to launch USDH has triggered a high-stakes competition among both corporate and DeFi players, each pitching unique strategies. As the Sept. 14 vote approaches, questions are mounting over whether the process genuinely favors the most capable bidders or leans toward certain entrants. Summary Hyperliquid is racing to launch USDH, its own stablecoin, to…
Grayscale is doubling down on altcoin-based exchange-traded funds. The asset manager just filed the first-ever Bitcoin Cash ETF with the SEC, along with two other filings. Summary Grayscale has submitted an application to convert its Bitcoin Cash Trust into an ETF, marking the first official BCH ETF filing with the SEC. The firm filed S-3…
Paxos has made changes to its previous proposal in the ongoing bid for Hyperliquid’s USDH stablecoin. This new offer might give it a competitive edge over the likes of Ethena, Sky, LayerZero, Agora. Summary Paxos has updated its proposal for Hyperliquid’s USDH stablecoin with key strategic enhancements, including a PayPal partnership to support USDH’s global…
Polygon revealed that it is experiencing delays in transaction finality. The chain is currently facing a 10-15 minute delay in finalizing blocks due to a technical issue that’s ongoing. Summary Polygon chain is encountering a delay in transaction finality by 10-15 minutes. The issue is said to be caused by nodes that is causing delays…
Eric Trump has been sidelined from joining the board of fintech firm Alt5 Sigma, with the company instead naming him a board observer after a review with Nasdaq. Summary Alt5 Sigma revised its $1.5B deal with World Liberty Financial, removing Eric Trump from its board after Nasdaq consultation. Trump will serve only as an observer,…
Ethena has formally proposed to manage USDH, Hyperliquid’s planned native stablecoin, positioning itself against rivals Sky, Frax, Agora, and others. Summary Ethena has proposed issuing USDH on Hyperliquid, backed by Anchorage and BlackRock’s BUIDL fund. The plan directs 95% of revenues to the Hyperliquid community via HYPE buybacks and incentives. Ethena pledged $75M to ecosystem…
Coinbase, in its seventh acquisition this year, is acquiring the founders of Sensible to address a critical deficit in its arsenal: the consumer UX expertise required to seamlessly weave complex DeFi into its main platform. Summary Coinbase acqui-hired Jacob Frantz and Zak Salmon, founders of crypto yield platform Sensible, to lead on-chain consumer strategy. Sensible,…
