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PUMP, the native token of Solana (SOL)-based meme coin launchpad Pump.fun, has suffered a sharp reversal following its high-profile debut. At press time, PUMP was trading at $0.00570, down 15% over the past 24 hours, making it the largest loser among the 100 largest cryptocurrencies by market capitalization. The token initially surged to a peak of $0.00968 but has since dropped 41%. PUMP one-day price chart. Source: CoinMarketCap Launched on July 12 through a public token sale, the PUMP ICO raised $500 million in just 12 minutes, selling 150 billion tokens at $0.004 each. While a broader market pullback, driven by Bitcoin (BTC) losing the $120,000 support level, has added to the sell-off, several PUMP-specific factors have accelerated the decline. For instance, on-chain data reveals that roughly 340 wallets controlled more than 60% of the presale allocation. Many of these wallets began selling their tokens as they unlocked on July 14, increasing selling pressur...

Ripple (XRP) has lately been one of the central cryptocurrency tokens attracting heavy volume. The token is up for a massive haul, a transformation that may help the XRP soar to new highs. Ripple is all set to unveil its stablecoin RLUSD on December 17, grabbing immense attention for its much-hyped stablecoin launch. Will this launch help XRP achieve new price highs? Also Read: Dogecoin: New Price Forecast Predicts Doge To Claim $3 – Here’s How? XRP Gears Up To Launch RLUSD Source: Ripple Ripple is all set to launch its highly anticipated stablecoin RLUSD in the market. This new stablecoin is all set to go live on major platforms like Moonpay, Uphold, CoinMena, and Bitso. The general sentiment surrounding the launch of RLUSD is majorly bullish, with murmurs of XRP securing a new high that is already gaining traction within the realm. Backed by the US dollar, RLUSD is dubbed as a defining moment for the XRP ecosystem, ushering in a wave of auspicious developments to take over the ecosys...

Chromia, a Layer-1 relational blockchain platform, has announced its MVP mainnet will launch on July 16, as per the latest updates shared with Finbold on July 2. The launch will lay the groundwork for Chromia’s broader ecosystem and introduce its native CHR cryptocurrency token. Chromia’s MVP mainnet The new mainnet will enable the bridging of the current CHR token, which exists as an ERC-20 token on Ethereum (ETH) and a BEP-20 token on the Binance BNB Chain, to Chromia’s own blockchain. Picks for you Here’s when DOGE will reach $1, according to analyst 42 mins ago How rich is New Hampshire's senator: Jeanne Shaheen's net worth revealed 2 hours ago ...

Starknet launches STRK token with 1.3M wallet Airdrop, OKX to list the token for trading. The first STRK trading pair on OKX will be STRK/USDT. Pullix (PLX) token price has increased from an initial price of $0.04 to $0.1 in its second-last presale stage. In a dynamic week for the crypto space, Starknet’s STRK token has taken the spotlight with a massive Airdrop to 1.3 million wallets. Simultaneously, leading exchange OKX has announced the listing of STRK, creating a buzz in the community. Adding to the fervour, Pullix’s PLX token enters its penultimate presale stage, promising unique Features and a lucrative investment opportunity. Let’s delve into the details of these groundbreaking developments. Starknet’s STRK airdrop makes waves Starknet, the Ethereum-based ZK-Rollup Layer 2 network, has unveiled its highly anticipated STRK token through an extensive Airdrop campaign. The Starknet Foundation, responsible for the token l...

Solana Mobile is gearing up to release its second smartphone following the unexpected performance of its inaugural crypto-enabled device, the Saga. The upcoming device seeks to uphold the essential characteristics of its forerunner, including a built-in crypto wallet, customized Android software, and a specialized dApp store catering to cryptocurrency applications, as reported by CoinDesk on January 16. In addition, the new phone will boast a more appealing price tag and upgraded hardware. This decision follows challenges encountered with the initial pricing of the Saga at $1,000, prompting adjustments to stimulate sales. We can’t wait to share what we’ve been working on with you — Solana Mobile (@solanamobile) January 11, 2024 The launch of a second smartphone by Solana Mobile highlights the increasing enthusiasm and possibilities at the crossroads of mobile technology and crypto currency.  Cryptocurrency $15 billion XRP hacking attempt revealed ...

With Hong Kong on the verge of approving spot crypto ETFs, almost a dozen hedge funds are queuing up to submit applications for the new financial product. In an interview with Chinese news outlet Caixin, HashKey Group COO Livio Weng revealed that approximately a dozen hedge funds are preparing to submit applications for the launch of spot crypto exchange-traded funds (ETFs) in Hong Kong as the city is poised to become the first market in Asia allowing the listing of these financial products. While the timeline for Hong Kong regulators to approve the applications remains uncertain, Weng mentioned that up to eight of the hedge funds are already in the “actual advancement stage,” although specific details were not provided. This development follows a joint circular issued by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) in December 2023, in which the regulators acknowledged the growing interest in launching spot crypto ETFs. ...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. CoinGecko data shows that TRON (TRX) is now the second-largest network by total value locked (TVL). Meanwhile, Pullix (PLX) is gaining traction as the first community-backed exchange to provide 24/7 access to markets, including crypto. TRON’s TVL up 91.6% in 2023 TRON is now the second-largest network by TVL, according to CoinGecko’s October 2023 report. #TRONNetwork has made a remarkable leap in 2023, now sitting as the 2nd largest Layer-1 Blockchain in terms of TVL! Full insights by @coingecko https://t.co/HvFXT0LIdx pic.twitter.com/XgcuL7Rf0S — TRON DAO (@trondao) November 24, 2023 The report indicates that TRON’s TVL grew from 12.3% ($4.1 billion) in January 2023 to 21.6% ($7.9 billion) in October 2023, a 91.6% increase. Analyzing price data shows that TRX remains in an upward trend, rising from $0.1...

Google announced the launch of its latest, most powerful AI model , Gemini. The AI is launch ing Wednesday and competes ag AI nst the popular Open AI alternative AI software, ChatGPT . The AI Model, according to Google, will have three sizes: Gemini Ultra: The largest, most capable category Gemini Pro: Scales across a wide range of tasks Gemini Nano: Meant for specific tasks and mobile devices Also Read: Switzerland City of Lugano Now Accepts Bitcoin & USDT for Taxes Furthermore, Google is planning to license Gemini to customers through Google Cloud for use in their applications. Additionally, it will power consumer-facing Google AI apps like the Bard chatbot and Search Generative Experience. Developers and enterprise customers can access Gemini Pro via the Gemini API in Google AI Studio starting on Dec. 13. Additionally, Android developers will also have access to Gemini Nano. In the company’s announcement, it gave examples including showing Gemi...

Binance listed ‘ stablecoin ’ Anchored Coins EUR (AEUR) with a zero trading fee promotion on Monday, which pumped nearly 200% before the Crypto exchange halted trades the next day due to “abnormal volatility.” Swiss-based Anchored Coins claims that its AEUR stablecoin is pegged to the euro. Upon launch, it traded around $1.08 as intended until 17:45 UTC — when high volumes raised the price up to $3.25, CoinDesk reports. According to Binance’s site, AEUR had crept down to $1.71 when the stablecoin was pulled. It lists the stablecoin’s market cap at $13.99 million at press time, with a 24 hour volume of $34.61 million and $5 million in circulation. CoinDesk noted that the last trade was made for $2.89, or 167% beyond the price of the euro. Binance halts trading on euro stablecoin $AEUR after it pumped 170% pic.twitter.com/uHgxBgSLQM — db (@neuralinkdb) December 5, 2023 Read more: Moody’s reports 600 stablecoin depegs in 2023 Anch...

The blockchain network Cronos Labs has announced the launch ing of its third accelerator program . The initiative will target new dapps in the crypto industry at an early development stage with an investment of $100 million. Our accelerator is now OPEN! Apply to our 3 month program focused on advancing #Web3 Dapps on #Cronos Accelerated support for early-stage projects on @cronos_chain 12 weeks of workshops & mentorship $100M-backed war chest https://t.co/0ywQfAPY8p pic.twitter.com/gU32ARsTYQ — Cronos (@cronos_chain) September 5, 2023 The accelerator program will last 12 months. During it, the participants will receive various trainings. The announcement of the third accelerator program took place while Korea Blockchain Week was starting. You might also like: Ubisoft to run a Cronos blockchain validator node Cronos is a decentralized blockchain network developed by Crypto.com. It is the first blockchain network that interoperates with the Ethereum (ETH) ...

Nearly 30 fake PYUSD tokens cropped up in the wake of PayPal’s most recent announcement. Less than 16 hours have passed since the launch of PayPal’s new stablecoin (PYUSD), and opportunists, degens and potential scammers are already attempting to cash in on the hype with their own copycat tokens. According to data from decentralized exchange scanner DexScreener, nearly 30 new token pairs sporting the ticker “PYUSD” have cropped up in the 16 hours since the announcement. Today, we’re unveiling a new stablecoin , PayPal USD (PYUSD). It’s designed for payments and is backed by highly liquid and secure assets. Starting today and rolling out in the next few weeks, you’ll be able to buy, sell, hold and transfer PYUSD. Learn more https://t.co/53RRBhmNHx pic.twitter.com/53ur2KmjU7 — PayPal (@PayPal) August 7, 2023 The look-alike tokens have been minted on a variety of different chains including Binance Smart Chain, Ethereum and Coinbases’ newest layer 2 Base. It’s important to note th...

Fumio Kishida described Web3 as a "new form of capitalism" in a keynote address at WebX conference in Japan. Japananese prime minister Fumio Kishida reaffirmed the country’s commitment to foster the Web3 industry, highlighting its potential to transform the internet and kindle social change.  Kishida made the comments in a keynote address on day one of the WebX conference in Tokyo, Japan as initially reported by local media outlet CoinPost. On the same day, Binance CEO Changpeng Zhao announced the cryptocurrency exchange would launch its services on a new Japanese platform in August 2023. Japanese Prime Minister Fumio Kishida addresses at #webx “Web3 is part of the New Form of Capitalism” pic.twitter.com/Q3XFFQIRzb — WebX 2023 (July 25-26) (@WebX_Asia) July 25, 2023 Kishida highlighted Web3’s potential to drive innovation across industries and highlighted the event’s role in bringing industry players to Japan to drive collaboration: “I hope that the Web3 industry wil...

The Swiss National Bank (SNB) is set to introduce a Central Bank Digital Currency (CBDC) for wholesale payments on the country’s SIX Digital Exchange, marking Switzerland’s entry into the expanding arena of digital currency innovation. Swiss National Bank (SNB) has made a groundbreaking announcement with its decision to commence issuing a CBDC specifically for wholesale payments on Switzerland’s SIX Digital Exchange, according to its chairman Thomas Jordan. Swiss National Bank to launch CBDC on Switzerland's SIX digital exchange "This is not just an experiment, it will be real money equivalent to bank reserves and the objective is to test real transactions with market participants," Chairman Thomas Jordan CBDC'S HAPPEN SLOWLY… pic.twitter.com/o6BRKCUI5M — Kyle Chassé (@kyle_chasse) June 26, 2023 This move indicates a shift towards digital financial systems and places Switzerland alongside other nations such as China, India, and Austral...

Mastercard’s new solution revolves around providing “secure transactions between users, verified according to standards” set by the company. Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The Solution is dubbed the “ Mastercard Crypto Credential” and its launch was announced on April 29. In an accompanying explainer video shared to Twitter, the firm outlined that its “building a way for Web3 and Blockchain service providers to help secure transactions between users, verified according to standards set by Mastercard.” At #Consensus23, we announced how we are instilling trust in the Blockchain ecosystem through Mastercard Crypto Credential. With crypto wallet providers @Bit2Me_Global, @LiriumAG , @MercadoBitcoin and @UpholdInc and public Blockchain network organizations @AptosLabs,… pic.twitter.com/P33mtDVAas — Mastercard News (...

Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin (DOGE) becomes the third-fastest token at decreasing carbon emissions, Shiba Inu’s (SHIB) Shibarium beta launch enters the final stage, Snowfall Protocol (SNW) price grows by 500%   Thousands of cryptocurrencies are currently available on crypto exchanges for investors to invest and earn from. Thus, it becomes increasingly important, especially after new token launch es, for established cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB) to stand out. A recently introduced token , Snowfall Protocol (SNW) , is giving higher returns than meme coins like SHIB and DOGE. In this article, we will talk about the latest developments of Shiba Inu (SHIB), Dogecoin (DOGE), and Snowfall Protocol (SNW) , to help the crypto community make better investment decisions. Dogecoin (DOGE) to drop by 10% soon According to recent data, the meme token, Dogecoin (DOGE), has become one of the crypto assets ...