Author: NBTC

Pump.fun, the Solana-based token launchpad and decentralized exchange protocol, has disclosed that it generated approximately $7.2 million in fees over the past seven days. The revenue was derived from its Bonding Curve mechanism, PumpSwap automated market maker, and Terminal services, marking a significant milestone for the platform’s fee-generating capacity. Fee Breakdown and Revenue Allocation The protocol operates a transparent fee model where 50% of net fees are automatically directed toward buying back and burning its native $PUMP token through a locked smart contract. According to the team’s latest announcement, $3.7 million worth of $PUMP was repurchased and permanently removed from…

Key takeaways: Cooling oil prices and a multi-month high for the US dollar are keeping intense pressure on non yield-bearing assets. Spot Bitcoin ETF outflows paired with Strategy’s slowest buying pace in 18 months signal short-term downside risks. Bitcoin ($BTC) traded down to $59,060 on Wednesday despite the sharp retreat in oil prices. Inflationary pressures eased following a memorandum of understanding between the US and Iran, which temporarily reopened the Strait of Hormuz. Bitcoin traders fear that the bounce back to $60,000 might not last long as the US dollar strengthened. US dollar strength index (left) vs. Bitcoin/USD (right). Source:…

Spanish football club Osasuna attempted to hedge the impact of its relegation from the country’s top football league by buying a €1.2 million ($1.4 million) insurance policy involving a bet on the prediction market Kalshi. The club revealed today that it purchased “insurance” from broker Howden, which would’ve guaranteed it €6 million ($6.9 million) in the event of relegation from La Liga and helped cover any subsequent financial losses. It said, “Documents issued by Howden and LaLiga… confirm that such policies are routinely used by clubs and sports organizations to protect against financial contingencies related to their activity.” This comes…

Ripple USD [$RLUSD] has surpassed $1.64 billion in market capitalization, strengthening its position among the largest dollar-backed stablecoins. The milestone reflects continued supply expansion and adoption since launch, helping $RLUSD establish a clearer gap over smaller competitors. At press time, its daily trading volume stood at $71.3 million. This implies steady market activity as the stablecoin expands its footprint across payment and settlement networks. Source: CoinGecko Tether [$USDT] commands the largest share of the stablecoin market cap, at roughly $186.4 billion, while USD Coin [USDC] trails it, holding nearly $75 billion. While the milestone reinforces its growing relevance, the difference…

Franklin Templeton has announced a partnership with Ondo Finance, a move that signals growing institutional interest in the cryptocurrency space. This collaboration, highlighted in a widely shared post by Ondo Finance, promises to enhance asset management strategies for institutional investors. The partnership comes as Franklin Templeton continues to explore innovative ways to integrate cryptocurrency into their offerings. What Went Down The cryptocurrency market is currently experiencing mixed signals, and the announcement of the partnership between Franklin Templeton and Ondo Finance adds a notable dynamic to the institutional landscape. Franklin Templeton’s recent filings for a Bitcoin DRIP Index ETF have already…

South Korean blockchain consortium has completed a proof of concept showing a blockchain-based digital local currency processing payments and settlements in under one second with a reported 100% transaction success rate. According to South Korean news outlet Newsis, the K-STAR consortium and BNK Busan Bank have finished a proof of concept (PoC) to test whether a blockchain-powered digital version of South Korea’s local currency system could operate in a real banking environment. The trial covered the complete payment cycle, from issuing the currency and loading funds into digital wallets to customer payments and merchant settlements. BREAKING: South Korea’s BNK Busan…

Bitcoin has fallen below $60,000 for a second time this month, triggering more than $850 million in crypto liquidations and sending Strategy shares to an intraday low of $92.28 as investors reacted to mounting pressure across digital assets and technology stocks. According to data from crypto.news, Bitcoin ($BTC) price dropped nearly 6% to an intraday low of $59,175 before trading around $59,500 at press time. The move wiped out more than $850 million in leveraged positions, with long traders accounting for roughly $780 million of the total and short liquidations contributing about $84 million. Selling quickly spread across major cryptocurrencies.…

Cryptocurrency adoption in the United States has remained relatively stable, according to the latest survey released by the Pew Research Center. Roughly one-in-five U.S. adults (19%) have invested in or used digital assets. This 19% figure is roughly on par with the 16% adoption rate recorded in 2021. At the same time, there is a significant political divide when it comes to crypto The partisan divide Historically, cryptocurrency use was evenly split across political affiliations. Before this year, Republicans and Republican-leaning independents were just as likely as Democrats and Democratic leaners to say they had engaged with crypto. However, the…

Cardano ($ADA) founder Charles Hoskinson made statements regarding Cardano’s partner chain model and the importance of the Midnight project to the ecosystem. Hoskinson stated that the modular structure allows new technologies to be integrated into the ecosystem without unnecessarily burdening Cardano’s core protocol. According to Hoskinson, Midnight possesses advanced technology that, if directly integrated into Cardano’s base layer, could make the protocol more complex, costly, and risky. Therefore, the partner chain model allows for the development of different use cases through separate modules while maintaining Cardano’s security. Hoskinson stated, “Thanks to modularity, we can integrate the most advanced solutions into…

Ondo Finance is launching Ondo Perps, an on-chain platform designed for perpetual futures trading in U.S. stocks, exchange-traded funds (ETFs), and commodities, providing eligible traders (from outside the U.S.) with leverage of up to 20x on such stocks as Apple (AAPL), Nvidia (NVDA), and Tesla (TSLA), among others. Over the weekend, the project aimed to create hype about its launch via posts on its official X account. The company wrote on Monday, “Tomorrow. Equities are going perpetual.” The first post attracted attention to the level of leverage – “Up to 20 x leverage.” In the second post, Ondo stated that…