PumpFun, a Solana-based memecoin launchpad, is reportedly preparing a $1 billion token sale at a $4 billion valuation, as per Blockworks.
The news has triggered a sharp decline in Solana memecoins, with FARTCOIN down 13%, BONK down 5%, and POPCAT down 12%.
The PumpFun ecosystem on CoinGecko fell 3.3% to a $3.7 billion market cap, marking it as the worst-performing category on the platform.
PumpFun has yet to confirm the token laun…
The California State Assembly passed AB 1180 with a unanimous 68-0 vote, allowing the state to accept payments in Bitcoin and other digital currencies.
The bill, described as a “first-of-its-kind” initiative by Assemblymember Avelino Valencia, now heads to the Senate for further deliberation.
This move could set a precedent for cryptocurrency adoption across the U.S., potentially influencing other states to follow suit.
In a…
New Regulations: AUSTRAC imposes $5,000 transaction limits, enhanced customer due diligence, and mandatory scam warnings on crypto ATMs.
Harro’s Empires Sanctioned: The small South Australian crypto ATM operator had its registration revoked for non-compliance.
Scam Statistics: Australians lost $3 million to crypto ATM scams in the past year, with 72% of victims aged over 50.
Common Scams: Romance, investment, and extortion scams a…
Total Unlocks: $3.3 billion in crypto tokens will be unlocked in June 2025, a 32% decrease from May’s $4.9 billion.
Major Projects: Significant releases include Sui ($160 million) on June 1 and Metars Genesis ($193 million) on June 21.
Unlock Mechanisms: $1.4 billion will be released through cliff unlocks, while $1.9 billion will follow a linear release schedule.
Market Impact: The influx of tokens may lead to volatility, affectin…
The U.S. Securities and Exchange Commission (SEC) voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, on May 29, 2025, marking a shift in regulatory approach.
The SEC reportedly clarified that certain staking activities on proof-of-stake networks do not constitute securities transactions, reducing uncertainty for projects like Ethereum and Solana.
These moves signal a potential thaw i…
