Author: admin

Pseudonymous Pump.fun co-founder Sapijiju rejected claims that the project cashed out more than $436 million in stablecoins, calling the allegations “complete misinformation” from the blockchain analytics firm Lookonchain. In an X post, Sapijiju addressed the report, insisting that none of the transferred funds were sold. He said the USDC originated from the PUMP token’s initial coin offering (ICO) and was simply redistributed to internal wallets as part of the company’s treasury management process. “What’s happening is a part of Pump’s treasury management, where USDC from the $PUMP ICO has been transferred into different wallets so the company’s runway can be reinvested into…

Ethereum has been in a downtrend for over four weeks, forming what appears to be a bearish rounded top that suggests it may be at risk of further losses in the coming weeks. Summary Ethereum price is down by 41% from its year-to-date high. Bearish macro catalysts resulting in weak demand have kept ETH price under pressure. A multi-month rounded top pattern could put its price at further risk. According to data from crypto.news, Ethereum (ETH) has been mostly in a free fall since Oct. 28, dropping 29% which extends to 41% from its year-to-date. Trading at $2,926 at press…

Crypto-focused venture capital investment reached $4.65 billion in the third quarter, the second-highest amount of activity since crypto exchange FTX collapsed in late 2022 and decimated venture bets on crypto.Galaxy Digital’s head of research, Alex Thorn, said in a report on Monday that Q3’s venture bets were a 290% quarter-on-quarter jump and the largest quarter since Q1, which saw $4.8 billion in investments.“Despite remaining below 2021-2022 bull market levels, venture activity remains active and healthy overall. Sectors like stablecoins, AI, blockchain infrastructure, and trading continue to draw deals and dollars, and pre-seed activity remains consistent.”  Venture capital funding for blockchain-focused…

The SEC has just issued its second “no-action letter” toward a decentralized physical infrastructure network (DePIN) crypto project in recent months, giving its native token “regulatory cover” from enforcement.The no-action letter was sent to the Solana DePIN project Fuse, which issues a network token FUSE as a reward to those actively maintaining the network.Fuse initially submitted a letter to the SEC’s Division of Corporation Finance on Nov. 19, asking for official confirmation that it would not recommend the “SEC take enforcement action” if FUSE tokens continue to be traded on third-party marketplaces.Fuse also outlined in its letter that FUSE is…

Institutional investors new to crypto may have been caught off guard by Bitcoin’s volatility, and has put downward pressure on its price, according to crypto entrepreneur and investor Anthony Pompliano.During an interview on CNBC’s Squawk Box on Monday, Pompliano said Bitcoin (BTC) draws down roughly once every 1.5 years, and the recent slump isn’t likely to surprise Bitcoiners who have been in the game for a long time. “Over the last decade, Bitcoin has drawn down 30% or more 21 different times,” said Pompliano. “So Bitcoiners are used to this. Now, who’s not used to this are the people who are coming…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum (ETH) is showing early signs of stabilization after a turbulent month, bouncing back above the crucial $2,800 level as fresh institutional inflows reignite optimism across the market. Related Reading: Bitcoin Quantum-Break Catastrophe Is Pure FUD, Says Gabor Gurbacs ETH currently trades near $2,821, up modestly over the past 24 hours, with traders closely watching to see whether this rebound can evolve into a sustained trend reversal. The renewed momentum follows major accumulation from BitMine, which has doubled down on its Ethereum strategy despite steep market drawdowns.…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum co-founder Vitalik Buterin is sounding the alarm over X’s new “show which country the account is from” transparency tag, arguing that the feature will be quickly undermined by spoofing while exposing some users to unacceptable privacy risk. X has recently expanded its “About This Account” surface, letting users see metadata such as an account’s country or region alongside creation details, a move the platform positions as a tool against manipulation and inauthentic behavior. Ethereum Founder Sounds The Alarm Buterin’s first post acknowledged near-term upside but framed…

A Nasdaq-listed biotech firm is raising $212 million in a late-cycle pivot into crypto, planning to buy the token of a decentralized prediction market even as other digital-asset treasuries (DATs) struggle to stay afloat.Enlivex Therapeutics (ENLV), a clinical-stage macrophage reprogramming immunotherapy company, said on Monday it plans to raise $212 million through private investment in public equity, selling 212 million shares at $1 each. The price represents an 11.5% discount to Friday’s close, according to the company’s filing with the US Securities and Exchange Commission.The company plans to invest the majority of the $212 million in Rain (RAIN), the utility…

Key takeawaysWith more than 100 million crypto users, India still lacks a comprehensive virtual digital asset (VDA) law. Existing rules address taxation and AML obligations, but they do not fully cover consumer protection or broader market conduct.Issues under discussion include the absence of unified investor-protection rules, unregulated trading practices and concerns that India’s 30% tax plus 1% TDS regime is pushing users to offshore platforms.Stakeholders are discussing a risk-based VDA framework, licensing requirements for exchanges and custodians, conduct-of-business standards, RWA-specific regulations and improved data and reporting systems.Proposed safeguards include clearer custody norms, defined insolvency procedures, stronger disclosure standards, reserve transparency…

A $314 million Hyperliquid token unlock scheduled for Saturday puts the perpetuals decentralized exchange (DEX) under its most significant tokenomics spotlight yet, as one community member calls for clearer communication on how the core contributor unlock will be managed. Tokenomist data shows that on Saturday, Hyperliquid will release 9.92 million HYPE tokens, which is 2.66% of the supply. The tokens are worth about $314 million at the time of writing. The HYPE allocation will be released in a “cliff unlock,” which means they will be released all at once. The unlock ignited public conversations among holders, including an open letter from an…