Crypto Industry News & Market Trends

Pump.fun Burns $370 Million of Its Own Token Circulating Supply

Tech　　Pump.fun Burns $370 Million of Its Own Token Circulating SupplyPump.fun burned 36% of PUMPs circulating supply in two on-chain transactions on Tuesday.Platform locked 50% of all future net revenue into an irreversible buyback and burn contract.Nine months of buybacks failed to build trust, so Pump.fun destroyed all repurchased tokens.　　Solana-based token launchpad Pump.fun burned approximately $370 million worth of previously repurchased PUMP tokens on Tuesday, eliminating roughly 36% of the tokens circulating supply in two on-chain transactions confirmed at 20:52 UTC.　　The platform simultaneously announced it had locked 50% of all future net revenue into an irreversible smart contract programmed to buy and burn additional tokens automatically for the next twelve months.　　The Problem It Was Solving　　Pump.fun acknowledged that despite directing 100% of revenue toward token buybacks over the past nine months, the program had failed to generate community confidence. The platform said uncertainty over what would eventually happen to repurchased tokens was undermining trust in the longevity of the business, even as the underlying commercial operation continued to perform.　　Tuesdays burn was framed as a direct response to that concern. By destroying the entire stock of repurchased tokens, the platform removed the ambiguity that had surrounded the buyback program since its inception.　　The New

04-29Industry

Morgan Stanley BTC ETF Entry: Adam Back Puts on the Brakes

Bitcoin　　Morgan Stanley BTC ETF Entry: Adam Back Puts on the Brakes　　Morgan Stanley‘s entry into BTC spot ETFs this month was seen by some circles as the catalyst to end the bear market with the distribution power of its $8 trillion giant advisor network. Blockstream CEO Adam Back, however, put the brakes on this optimism. An early figure in the Bitcoin community, Back denied the New York Times’ Satoshi Nakamoto claim. Although ETFs are the strongest signal for the market, the positive impact does not come immediately. Despite BlackRock recommending a 2-4% share in its general stock portfolio, fund managers have not yet taken action.　　Morgan Stanleys Entry into BTC Spot ETFs and Its Impact　　Institutional buying processes proceed with delays; investors do not pile in overnight—this accumulation can take a year, even 18 months. Back told CoinDesk: “ETFs have been approved but implementation is slow.” Blockstream, founded in 2014 by Back and other Bitcoin developers, offers self-custodial wallets, layer-2 settlement, and asset issuance to individual and institutional customers. Check our site for detailed BTC spot analyses.　　Adam Back on Regulatory Changes and Global Impacts　　The Trump era was friendly compared to the Gensler-led SEC‘s sector pressure; it brought a new legal framework and official

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ASTEROID Whales Pivot to New Memecoins But Lose All Their Money

Tech　　ASTEROID Whales Pivot to New Memecoins But Lose All Their Money　　In a matter of hours, one of the most aggressive traders in the Solana memecoin ecosystem turned a very lucrative run into a complete wipeout.　　Taking a huge loss　　Previously a top whale in ASTEROID, the address that ends with MBYiv lost everything after exiting a winning position and rotating into another high-risk token. The wallet contained 52.8 million ASTEROID tokens at its height of visibility. The position closed about five hours ago at $0.00306 after being built early with an average entry of about $0.00148. The realized profit from that trade alone was about $83,700, which more than doubled the initial investment.　　Source: ai_9684 on X　　But that entire gain was negated by what came next. The same wallet actively rotated into the memecoin SCAM shortly after closing the ASTEROID position, committing $135,000 at an average entry price of $0.00856. It was the worst possible timing. The action was almost exactly in line with the waning hype cycle associated with Elon Musks social media activity, which had previously encouraged speculative inflows of funds into the token.　　ASTEROID Whales Pivot to New Memecoins But Lose All Their Money　　Ripple CEO on XRP: ‘Lock In’　　Liquidity fully dried　　After

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Bitcoin transaction volume surpasses Visa, Mastercard in 2025

Bitcoin　　Bitcoin transaction volume surpasses Visa, Mastercard in 2025　　Bitcoins transaction volume outpaced Visa and Mastercard in 2025. The odds of Bitcoin reaching $200,000 by December 31, 2026, are at 4.8% YES.　　The 2025 volume surge mainly reflects institutional transactions rather than retail use. Bitcoins volumes are largely wholesale and institutional, unlike Visa and Mastercard, which process consumer payments. The Bitcoin price target market for $80,000 in April has dropped sharply, now at 14.5% YES, down from 26% yesterday.　　The April market reflects skepticism about short-term retail-driven price spikes, with a 37-point drop to 14.5% YES. The long-term December 31 market for $200,000 holds steady at 4.8% YES. Traders appear to read the structural shift in transaction volume as a positive long-term signal while discounting near-term price action.　　The $80,000 market has decent liquidity, with $125,323 in USDC traded daily and an $8,440 cost to move the price by 5 points. The largest move was a 37-point drop, which points to significant volatility. The $200,000 market, with lower liquidity, shows stable odds.　　The story here is institutional adoption, not a retail surge. At 4.8%, a YES share for $200,000 by December 31, 2026, pays $1, a 20.8x return. Traders betting on this would need to believe

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Polymarket Rejects Dark Web Claims of Massive Data Breach

Tech　　Polymarket Rejects Dark Web Claims of Massive Data Breach　　The platform said the information mentioned by the so-called attacker was already publicly available through its APIs and on-chain blockchain data, not the result of unauthorized access. Polymarket also rejected claims that it lacked a bug bounty program. Security researchers also questioned the breach allegations, with some suggesting the data may have been scraped from public sources rather than leaked from internal systems.　　Polymarket Denies Leak　　Prediction markets platform denied allegations that it suffered a customer data breach after claims surfaced on dark web forums that a hacker stole private user information. The controversy began when cybersecurity monitoring accounts and security researchers screenshots from DarkForums showing a user operating under the pseudonym “xorcat” claiming responsibility for the supposed breach.　　According to the post, the hacker alleged that more than 300,000 records were obtained, including around 10,000 unique user profiles. The claimed data reportedly included full names, profile images, proxy wallet information, and base addresses.　　These claims quickly attracted attention from the crypto community, particularly because the industry recently experienced an increase in cyberattacks, scams, and .　　Polymarket publicly and dismissed the allegations, calling the breach claims “complete and utter nonsense.” The company stated that the information referenced

04-29Industry

BitMart US To Host Exclusive Networking Reception at Consensus Miami 2026

Tech　　BitMart US To Host Exclusive Networking Reception at Consensus Miami 2026　　BitMart US, a regulated digital asset exchange serving all 50 U.S. states, today announced it will host an exclusive networking reception on the sidelines of Consensus Miami 2026. The event, titled , will take place on Tuesday, May 5, 2026, from 6:00 to 9:00 PM EDT at a waterfront venue in Miami Beach, Florida.　　The reception is designed to bring together founders, investors, traders, and builders at the forefront of the digital asset industry for an evening of high-level conversation, connection, and celebration. Attendance is by invitation and approval only, reflecting the curated nature of the gathering.　　“Consensus is one of the most important moments on the crypto calendar, and we wanted to create a space where the right people could connect beyond the conference floor,” said Daniel Huang, COO of BitMart US. “This reception reflects who we are as a US-based platform – accessible, passionate, and built for the people driving this industry forward. Zero fees on the exchange, open bar at the party.”　　The reception is made possible with the support of event partners. TEXITcoin (TXC), a digital currency created by Texans, for Texans, joins as Co-Host of the evening. PHIL

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T7X CEO Pablo Penaloza To Speak at Consensus Miami on Tokenized Equities and Regulated Onchain Capital Markets

Tech　　T7X CEO Pablo Penaloza To Speak at Consensus Miami on Tokenized Equities and Regulated Onchain Capital Markets　　CEO Pablo Penaloza represents T7X across two sessions at Consensus Miami, joining the Equities Onchain panel and closing the Institutional Adoption Spotlight Session　　T7X, a compliance-first digital asset infrastructure company, today announced that CEO Pablo Penaloza will represent the company across two sessions at Consensus Miami 2026, taking place May 5 through 7 at the Miami Beach Convention Center. Penaloza will join the “Equities Onchain” panel on the Convergence Stage and deliver closing remarks at the Institutional Adoption Spotlight Session, placing T7X at the center of the regulated tokenization conversation.　　Penaloza will join the panel Equities Onchain: Unlocking 24/7 Liquidity Loops on Wednesday, May 6 at 4:10 PM EDT on the Convergence Stage, alongside Nick Ducoff, Head of Institutional Growth at the Solana Foundation, and Xiao-Xiao J. Zhu, President of Jupiter. The session is moderated by Stephen Alpher, Managing Editor of Markets at CoinDesk.　　Earlier that afternoon, Penaloza will deliver closing remarks at the T7X Spotlight Session, Institutional Adoption of Tokenized Assets: Where Are We Now？ at 2:00 PM EDT on the Spotlight Stage, joined by Ubair Javaid, Co-Founder and CEO of Nomyx, Dean Medwig of Gro

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Lloyds profits jump 33% on higher rates as BOE holds steady

Tech　　Lloyds profits jump 33% on higher rates as BOE holds steady　　Lloyds Bank reported a 33% jump in profits driven by higher interest rates, while the Bank of England held rates steady on inflation concerns. The probability of a Fed rate cut after the June 2026 meeting sits at 4.3% YES, up slightly from 4% a week ago.　　In the Fed rate cut market for June, odds have stayed flat despite the Lloyds news and the BoE‘s hold, meaning traders aren’t treating either as a signal for Fed policy. Daily trading volume is $2,646, with $5,970 needed to shift odds by 5 points. The July market prices no change at 85.5% YES, consistent with expectations that the Fed stays put through summer.　　The largest single move in this market was a 46-point spike to 50%, which shows how quickly these odds can reprice on real news. The current flatness suggests traders are waiting for direct signals from the Fed or new economic data before positioning on rate cuts.　　Lloyds‘ profit surge is a concrete example of how banks benefit from sustained higher rates, which makes the case for a near-term cut harder to build. A YES share at 4.3¢ pays $1 if the Fed

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S&P 500: AI concerns weigh before tech earnings – Deutsche Bank

Tech　　S&P 500: AI concerns weigh before tech earnings – Deutsche Bank　　Deutsche Bank strategists note that United States (US) equities turned lower as AI-related worries resurfaced after a report that OpenAI missed internal 2025 targets. The S&P 500, NASDAQ and Mag 7 all pulled back, with semiconductors hit hardest, though Nasdaq futures later recovered part of the loss as investors look ahead to earnings from four Magnificent 7 names.　　AI jitters hit US equities　　“While higher oil prices and stagflation fears added to the risk-off sentiment, it was AI worries that were the bigger factor in driving yesterdays equity losses.”　　“The major catalyst was a WSJ report that OpenAI had missed its internal revenue and user targets for the end of 2025. While OpenAI pushed back on the concerns, saying its consumer and enterprise businesses are ”firing on all cylinders“, the news revived previous fears about whether the huge spending commitments will eventually pay off. ”　　“So after reaching record highs on Monday, the S&P 500 (-0.49%), the NASDAQ (-0.90%) and the Mag 7 (-0.29%) all fell back, whilst the Philly semiconductor index (-3.58%) saw its biggest loss in four weeks.”　　“Moreover, given the integration of OpenAI‘s in the AI-ecosystem, those concerns spread from software and

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Celsius founder permanently banned from asset management in FTC Settlement

Celsius founder Alexander Mashinsky has agreed to a settlement with the Federal Trade Commission that bars him from promoting asset-related products and ties a $10 million payment to a much larger suspended judgment.FTC settlement has barred Alexander Mashinsky from promoting asset-related products and tied a $10 million payment to a $4.72 billion suspended judgment.A court order has allowed the larger penalty to be revived if Mashinsky is found to have misstated or concealed assets in financial disclosures.U.S. prosecutors secured a 12-year sentence in 2025 after Mashinsky pleaded guilty to fraud tied to misleading Celsius customers.　　According to the Federal Trade Commission, the stipulated order entered by Judge Denise Cote in the U.S. District Court for the Southern District of New York states that Mashinsky is “permanently restrained and enjoined” from advertising, marketing, promoting, offering, or distributing any service that allows users to deposit, exchange, invest, or withdraw assets.　　Filed on Tuesday, the order imposes a $4.72 billion monetary judgment in favor of the FTC, although most of the amount remains suspended. The FTC said Mashinsky must pay $10 million, with the order allowing this requirement to be met if he pays at least that amount to the U.S. Department of Justice under

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