Author: NBTC
On May 12, PumpFun, a popular Solana-based memecoin launchpad, rolled out a creator revenue sharing model that redistributes 50% of the trading fees from its decentralized exchange, PumpSwap, to token creators. This move aims to shift the dynamics of the memecoin ecosystem. But as the dust settles, the community’s mixed reactions and underlying concerns raise questions about the model’s long-term impact. How the Revenue Sharing Model Works The structure is straightforward. Creators earn 0.05% in SOL for every trade on their token, meaning $10 million in trading volume translates to $5,000 for the creator. This applies to newly created tokens,…
The price of Bitcoin has started the month of May with a similar bullish impetus as in the final weeks of April, making a push for the psychologically relevant $100,000 level. With the premier cryptocurrency seemingly back on the bullish track, a prominent crypto analyst has emerged with a warning of sorts for BTC investors extremely optimistic about the coin’s future trajectory. BTC Price Could Continue Upward Movement If Support Holds In a May 2 post on the X platform, crypto platform Burak Kesmeci has put forward an interesting outlook on the current Bitcoin setup, identifying a price level that…
A recent report shows how Ripple’s XRP holdings have evolved since the last quarter of 2024, including other details on the ecosystem’s performance. Notably, Ripple holds a substantial part of XRP’s 100 billion total supply. The cross-border payment giant, which is a major contributor to the XRP Ledger, received 80 billion XRP in an initial allocation in 2012 to support its business development. Meanwhile, while the stash has reduced over the years to its current valuation, it still holds over 40% of the XRP’s supply. Ripple’s recent quarterly disclosure has revealed its holdings compared to the last quarter of 2024.…
The world’s largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform. In a new announcement, Binance says it’s adding support for Sophon (SOPH), an interoperable layer-2 scaling solution made for the entertainment industry, on Binance Alpha, a feature of the Binance Wallet which launched in December 2024 that lets users discover emerging web3 projects before they gain mainstream popularity. “Binance is excited to announce that Sophon (SOPH) will open for trading on Binance Alpha starting 2025-05-28 13:00 (UTC). In addition, Binance Futures will launch SOPHUSDT Perpetual Contract with up to 50x…
Bitcoin maintains its bullish form from April as it gains by over 4% in the first two days of May to surge above $97,000. Following this recent gain, the premier cryptocurrency is experiencing a minor retracement as investors attempt to decipher the current market phase. Meanwhile, a prominent crypto analyst with the X handle IT Tech has shared some valuable insights on Bitcoin’s market structure, highlighting the key price levels that could decide the asset’s movement in the short term. Bitcoin Cools Off After Price Rally: Breather Or Bull Trap? According to IT Tech in an X post on May…
Russia’s SWIFT exclusion in 2022 spurred alternative system planning. BRICS members seek autonomy in international settlements. XRP’s speed and cost-efficiency seen as ideal for institutional use. A new theory circulating among cryptocurrency and geopolitical analysts suggests that BRICS nations—Brazil, Russia, India, China, and South Africa—may be working behind the scenes to develop a gold-backed financial system using Ripple’s XRP Ledger. This comes as the bloc continues efforts to reduce dependency on the US-led SWIFT network and the dollar-dominated global economy. While unconfirmed by any government, the theory is gaining attention due to mounting evidence of BRICS cooperation on currency independence…
Bitcoin is barreling toward $100K in the coming weeks as explosive momentum, soaring liquidity, and a decisive breakout converge to supercharge the bullish Q2 setup. Bitcoin Eyes $100K in Weeks—Strategist Maps Bullish BTC Setup Through Q2 Matt Mena, crypto research strategist at asset management firm 21Shares, commented Friday on the surprising strength of April’s U.S. jobs report, which helped push risk assets higher and improve overall market sentiment. The report revealed that the economy added 177,000 jobs, extending a streak of gains to 52 straight months, with unemployment stable at 4.2%. Mena stated: “While growth in hiring slowed modestly, the…
Galaxy Digital, a prominent financial services and investment management firm led by billionaire Mike Novogratz, started trading on Nasdaq Friday under the ticker GLXY. The company’s stock opened at $23.50 and surpassed $25 at press time, according to CNBC data. Shares rose about 15% from the previous trading session. Galaxy completed its long-anticipated move from the Toronto Stock Exchange to the Nasdaq via a direct listing. The entrance into the US public market followed an extensive regulatory process with the SEC, which took 1,320 days and cost the company over $25 million, according to CEO Mike Novogratz. “This is more…
As the XRP community eyes opportunities for passive income through lending, industry commentators remain divided on the associated risks and the timing. Vandell Aljarrah, co-founder of Black Swan Capitalist, sparked a discussion on X by urging XRP holders to adopt a long-term mindset when considering lending their tokens. He argued that significant returns from XRP lending are unlikely to materialize through current DeFi channels alone. Aljarrah emphasized that meaningful returns will only emerge once financial advisors begin recommending XRP to high-net-worth clients. He believes this will require a regulatory framework that ensures insurance and protection for lenders. Notably, the XRP…
Lately, Bitcoin developers have found themselves entrenched in a fervent dispute over a proposal to eliminate the long-standing 80-byte constraint imposed on the OP_RETURN function. As this technical standoff intensifies, the alternative Bitcoin client known as Bitcoin Knots witnessed a notable climb in node adoption. OP_RETURN Controversy Drives Surge in Bitcoin Knots Adoption The proposal, introduced by Peter Todd, aims to abolish the 80-byte restriction on OP_RETURN outputs—potentially enabling much larger datasets to be embedded directly into the Bitcoin blockchain. This has ignited considerable pushback from developers who view the change as antithetical to Bitcoin’s design ethos. Advocates contend the…