Author: NBTC

Pump.fun has removed Cashback Mode as an option for new token launches and introduced Holder Rewards, replacing a trading-linked rebate in the creation flow with automatic payouts to wallets that keep qualifying tokens. Under the new system, fees assigned to a Holder Rewards token go to a Pump.fun distribution wallet and are sent pro rata several times an hour. Wallets must hold more than $20 worth of the token to qualify, and larger balances receive a larger share. Cashback rewards had to be claimed through Pump.fun, its app or Terminal. Holder Rewards payments are automatic and arrive in the token’s…

Google and Apple are seeking employees with expertise in digital assets, adding to signs that Big Tech firms are preparing for a larger role for stablecoins, tokenization and blockchain-based payments. Google Cloud is hiring an Industry Principal Architect in Hong Kong to work with protocol foundations, exchanges, custodians and financial institutions to tokenize real-world assets across the Asia-Pacific (APAC) region. The role calls for experience with blockchain networks, smart contracts, stablecoin infrastructure, tokenized deposits and custody technologies. Google said the hire would advise executives and help shape its Web3 product roadmap as it seeks to become the preferred cloud provider…

Japan’s latest 20-year government bond auction signaled a higher price for long-term borrowing, not a collapse in demand. The average accepted yield rose to 3.856% on Tuesday, 15.8 basis points above the 3.698% average on Aug. 20. Competitive bid coverage improved slightly to about 4.01 times from 3.98 times, while the gap between the highest accepted and average yields narrowed to 1.3 basis points from 1.5. Those measures are consistent with orderly absorption at a higher yield. They do not support describing the auction as a failed sale. Comparison of Japan’s August and September 20-year government bond auctions, showing a…

Fidelity’s FETH and FSOL staking plans give its Ethereum and Solana exchange-traded products authority to stake up to 100% of their crypto under normal conditions, while pairing that ceiling with a layered plan for meeting redemptions when network exits take too long. The matching framework appears in Aug. 21 prospectuses for the Fidelity Ethereum Fund, or FETH, and Fidelity Solana Fund, or FSOL. Neither fund has a minimum staking requirement, and sponsor FD Funds Management can keep ether or $SOL unstaked for foreseeable redemptions, expenses, asset protection and its liquidity program. The 100% figure is an authority ceiling, not evidence…

Solana has recently announced the launch of $URA, a new asset available via the Sunrise platform from Backpack Securities. This move could significantly enhance Solana’s ecosystem and attract more users to the platform. The announcement was made via a tweet from the official Solana account, generating excitement within the community and drawing attention to the project. You can view the tweet here. The Latest The broader crypto market is currently experiencing mixed signals, with various assets showing different levels of momentum. In this environment, the launch of $URA on Solana via Sunrise stands out as a noteworthy development. It highlights…

The bill would eliminate taxes on de minimis network or transaction fees, meaning any fees below $10, though a person “that engaged in more than 5,000 transfers” over the prior year would be excluded. Eliminating taxes on minor transactions has been a major ask from the crypto industry in recent years, with advocates arguing that cutting the taxes would better enable digital assets for small purchases, such as cups of coffee. Currently,people transacting with digital assets must report the capital gain or loss on those transactions, even if they’re small-dollar amounts. Many of the provisions in the bill address tokenized…

Fireblocks has reported a significant development as bank and payments volume has overtaken crypto trading on its platform for the first time. This shift was highlighted by Michael Shaulov during the @thestablecon conference, underscoring a growing trend in the digital finance landscape. As this trend unfolds, it may signal new opportunities and challenges for crypto traders and institutions alike. For more details, see the tweet from Fireblocks. The Key Development Amid a wave of evolving trends in the digital finance sector, Fireblocks reveals a pivotal shift in trading dynamics. The company noted that bank and payments volume has surpassed crypto…

Ondo Finance has introduced a way for eligible institutions to convert stocks and exchange-traded funds directly into their tokenized equivalents, or redeem the tokens for the underlying shares. Under the new system, approved institutions can transfer shares from their Alpaca accounts to Ondo through an internal book transfer, with corresponding Ondo Stocks tokens then issued onchain. The process also works in reverse, allowing institutions to redeem the tokens for the underlying shares. The in-kind option adds to Ondo’s existing cash-funded model. Under that system, an institution that already holds the underlying shares must still provide separate cash to mint the…

Bitcoin ($BTC) saw month-to-date lows at Tuesday’s Wall Street open as global bond yields spiked and crypto markets awaited a key US Senate vote on the CLARITY Act. Key points: Bitcoin dropped to $75,560, its lowest level so far in September ahead of the US Senate’s procedural vote on the CLARITY Act. Global bond yields in major economies set new macro highs as $100 oil prices remained a point of contention. Analysis expects that central banks around the world will raise interest rates going forward, traditionally a headwind for crypto markets. CLARITY Act vote keeps crypto markets nervous Data from…

Elon Musk has brought one of his strangest cryptocurrency-era social media moments back into the spotlight. The centibillionaire has revisited the time he briefly turned his Twitter profile into what looked like a Bored Ape Yacht Club showcase. The billionaire reacted with a simple “lol” to an X post from the popular Dogecoin-focused account, which shared an old screenshot of Musk’s profile. The screenshot takes users back to May 2022. Back then, Musk abruptly replaced his usual profile picture with a collage filled with Bored Ape Yacht Club NFTs. Musk was already one of the most influential figures in cryptocurrency…