Pump.fun, a Solana-based memecoin launchpad, is facing a massive backlash. The platform has raked in a staggering $741 million in fees since its launch, leading to accusations of prioritizing profit over user well-being. The Money Trail: Pump.fun’s Massive Profits Blockchain data reveals Pump.fun has been selling off its hefty fee earnings in large chunks. They’ve…
VanEck’s Solana ETF, with the ticker symbol VSOL, is now listed on the Depository Trust & Clearing Corporation (DTCC). This doesn’t mean the SEC has approved it yet, but it’s a big step forward. Think of it as getting all the behind-the-scenes paperwork and infrastructure ready before launch. DTCC Listing: What it Means The DTCC…
A new wave of cryptocurrency exchange-traded funds (ETFs) is coming, and analysts are already predicting winners and losers. One firm, K33 Research, has taken a close look at Solana (SOL) and Litecoin (LTC), and their analysis suggests a potentially lucrative trading opportunity. Solana’s ETF Advantage Several companies have filed applications with the SEC for Solana…
JD.com, a massive Chinese e-commerce giant, is aiming to drastically speed up international payments using stablecoins. Their goal? Slash payment times from days to mere seconds! A Blockchain-Powered Payment Pilot The plan starts with a pilot program in Hong Kong, utilizing a stablecoin within their existing blockchain network, Zhizhen Chain (which already handles billions in…
TAC, a blockchain designed to bring Ethereum apps to Telegram, just raised a hefty $11.5 million. This includes a $5 million strategic round led by Hack VC. Big Money for Telegram DeFi This investment shows serious confidence in TAC’s plan to make decentralized finance (DeFi) easily accessible to Telegram’s massive user base – over a…
HSBC, a massive $3 trillion bank, is constantly under attack from hackers, according to its CEO, Ian Stuart. He recently told UK lawmakers that cybersecurity is now the bank’s single biggest expense, costing them hundreds of millions of pounds annually. Under Constant Siege Stuart emphasized the relentless nature of these cyberattacks, stating that HSBC is…
Falcon Finance, a synthetic dollar protocol, has launched a pilot rewards program called Falcon Miles. This program aims to thank users for their involvement in the Falcon ecosystem. Earning Falcon Miles Users earn Miles by participating in various activities within the Falcon app. Every dollar of value generates one Mile, and certain actions earn bonus…
Crypto exchange BTCC is turning 14 and they’re throwing a party! To mark this milestone, they’ve launched a brand-new user badge program and a bunch of other exciting stuff. A Badge of Honor (and Rewards!) From June 16th to July 1st, users can snag the limited-edition “14 Years of Momentum” badge. It’s not just a…
Ukraine is considering a groundbreaking move: adding Bitcoin to its national reserves. A new bill, registered in the Ukrainian parliament (Verkhovna Rada), proposes allowing the National Bank of Ukraine (NBU) to hold Bitcoin and other “virtual assets” alongside its existing gold and foreign currency reserves. The Proposed Bill: A Closer Look The bill, officially numbered…
BBVA, a major Spanish bank, is telling its wealthy clients to consider adding Bitcoin and other cryptocurrencies to their investment portfolios. They’re suggesting anywhere from 3% to a whopping 7%, depending on how much risk the client is comfortable with. Why the Crypto Push? This recommendation comes from Philippe Meyer, BBVA Switzerland’s head of digital…
