Pump.fun moves $6.85m SOL as traders favor Robinhood

Pump.fun has transferred 76,111 SOL worth approximately $6.85 million to Kraken after a reported 15-day pause, as traders have criticized its fee model and pointed to Robinhood as a potential challenger.  SummaryLookonchain tracked 76,111 SOL entering Kraken through several transfers linked to Pump.fun fee accounts.The tracker estimated cumulative SOL sales at $882.4 million, averaging $158.88 per token.Traders j and kioto backed Robinhood as a potential competitor to Pump.fun.Community proposals included changes to token launches, liquidity, rewards, and platform incentives.  Lookonchain identified the deposits in a Nov. 6 update, sharing an Arkham transaction view showing multiple Pump.fun fee accounts sending SOL to a wallet labeled as a Kraken deposit address.  Its accompanying figures put the platforms cumulative sales at 5,553,833 SOL. The Money Ape, a market commentary account, described the movement as ending 15 days of inactivity and said the funds traveled through an intermediary wallet.  Pump.fun resumes SOL transfers to Kraken  The transaction images showed batches of roughly 7,227 SOL, 7,170 SOL and 20,464 SOL, among other deposits. A separate view shared by The Money Ape showed tokens moving from the deposit address into a wallet labeled as Krakens hot wallet.  Lookonchain described the activity as renewed selling, although its update did not identify an execution

Yesterday 00:01Industry

Trumps Plan to Let 401(k)s Hold Crypto Is Almost Final: When Can Savers Buy In?

A final Labor Department rule that would shield employers who add private equity, real estate, and crypto to 401(k) plans reached the White House on Thursday. The review is the last step before the rule is published.  Employer savings plans such as 401(k)s held $15 trillion at the end of June, Investment Company Institute (ICI) data shows. Asset managers want access to that money. Three Democratic lawmakers urged in June that the rule be withdrawn.  Sponsored  Sponsored  How the Crypto 401(k) Rules Lawsuit Shield Works  The rule landed at the Office of Information and Regulatory Affairs (OIRA), which vets major regulations, Bloomberg Law reported. It carries out a Trump executive order.  No plan is forced to offer new assets. Instead, employers who weigh six factors get a legal shield, known as a safe harbor. The factors are performance, fees, liquidity, valuation, benchmarks, and complexity.  Courts would then presume those employers acted prudently. The proposal says lawsuit threats have narrowed the choices employers offer.  When Private Assets Could Reach 401(k) Savers  OIRA has up to 90 days to finish its review, as BeInCryptos guide to crypto 401(k)s explains. The draft moved faster. OIRA received it on January 13 and cleared it on March 24, federal records show.  Sponsored  Sponsored  The Labor Department proposed

Yesterday 00:00Industry

Crypto 401(k) rule reaches White House for final review

The U.S. Department of Labor has submitted its final rule on alternative investments in retirement plans for White House review, advancing a framework that could make it easier for employers to offer crypto exposure through 401(k) accounts.  The Office of Information and Regulatory Affairs lists the measure as “Fiduciary Duties In Selecting Designated Investment Alternatives,” identifying it as a final rule submitted by the Labor Departments Employee Benefits Security Administration. The entry carries rule identifier 1210-AC38 and classifies the action as economically significant.  Received on Thursday, Nov. 5, the rule remains under review, with no legal deadline listed. Its submission follows the departments March 30 announcement of a proposal covering how retirement-plan managers evaluate investment options, including funds holding private equity, real estate and digital assets.  Crypto 401(k) access would depend on fiduciary decisions  In its March announcement, the Labor Department said managers of defined contribution plans already had authority to consider alternative assets, although historically few had done so.  The proposed framework sets out a process managers could follow when deciding whether an investment belongs on a plans menu. Its safe harbor concerns their duty of prudence under the Employee Retirement Income Security Act, the federal law governing private-sector retirement plans.  The department described its

2 days agoIndustry

6 US Stocks to Watch After Wall Street's $2.5 Trillion Crash

Wall Street lost roughly $2.5 trillion in Nasdaq market value on Thursday as investors dumped AI stocks. Yet some of Americas biggest companies now look potentially attractive for long-term investors.  Fears of tighter AI regulation and slowing data-center construction triggered the selloff. Friday brought a modest recovery, but the Nasdaq still recorded its fourth consecutive weekly decline.  “We still think AI is the dominant theme in this bull market,” Keith Lerner, chief investment officer at Truist Advisory Services, told Reuters.  Sponsored  Sponsored  Six stocks stand out based on their earnings, valuations, and Wall Street forecasts.  Which 6 US Stocks Could Recover After the Crash?1. NVIDIA (NVDA)  The chipmaker plunged 9.3% Thursday, but its business continues expanding rapidly. Quarterly revenue doubled to $96.2 billion, and analysts see roughly 75% upside.  Sponsored  Sponsored  Trading at 15.4 times forward earnings, Nvidia looks increasingly affordable. However, shares remain below their 200-day moving average. November 17 earnings could determine the next direction.  2. Vistra (VST)  The energy producer gained 10.5% Friday after reporting a 50% increase in quarterly adjusted EBITDA. Its expanding electricity business benefits from data-center demand.  Analysts project 63% upside, although possible restrictions on AI infrastructure remain a risk.  3. Amazon (AMZN)  Amazons cloud business grew 39.3% last quarter, while its operating margin reached a record 13.9%. Its

2 days agoIndustry

Bitcoin ETFs bought nearly twice what miners produced in Q3—but $430 million left on Thursday

US spot Bitcoin ETF outflows totaled $430 million on Nov. 5, according to Farside Investors.  Related Asset Bitcoin #1 BTC · $75,691.74 24-hour change: down 0.47% Loading price history… 24H Down 0.47% 7D Down 2.34% 30D Down 9.20%  Bitcoins ETF buyers added 79,800 BTC in the third quarter, against 41,300 BTC newly mined, according to 21Shares Nov. 2 report. The comparison supports the scarcity argument, but offers limited reassurance about demand today: most of that buying arrived in two short windows, while older-holder balances fell by much more.  For Bitcoin holders assessing a supply squeeze, the unresolved question is whether fund demand persists between those buying bursts. New issuance is only one part of the picture. Coins already held by existing investors can also move, so purchases exceeding mining output do not establish how much supply buyers must absorb at a given price.  Related Company Farside Investors Investment management company  The 21Shares figures cover Q3 through Sept. 30. Aug. 17-27 and Sept. 21-25 accounted for 91% of ETF inflows measured in Bitcoin.  Related Company 21shares Issuer of crypto ETPs  The same report recorded a 248,000 BTC reduction in long-term-holder balances during Q3. That larger change puts existing holdings alongside issuance in the scarcity discussion. However, it is

2 days agoIndustry

Bitcoin Futures Open Interest Drops to $52 Billion as Traders Retreat

Bitcoin futures open interest fell 1.88% to $52.04 billion as the leading crypto asset declined nearly 5% to $75,783 on Friday, Nov. 6, 2026. Coinglass data shows declining exposure across major derivatives exchanges, while options activity reveals a curious divergence: Calls dominate outstanding positions, but puts lead trading volume. Meanwhile, November and December expirations carry billions in contracts, leaving traders confronting competing expectations for bitcoins next move.  Key TakeawaysCoinglass reports $52.04 billion in bitcoin futures open interest, down 1.88% over 24 hours.Deribits Nov. 27 $74,000 put led displayed options trading volume with 2,259 BTC.Cryptoquant metrics show CME bitcoin options open interest below its February and March 2026 peaks.  Over the last day, bitcoins price range fell nearly 5% to $75,783 at 9 a.m. Eastern time on Friday, Nov. 6, 2026, as Coinglass data showed bitcoin futures open interest declining 1.88% to $52.04 billion over 24 hours. Meanwhile, options traders concentrated activity around November and December expirations.  Bitcoin Futures Open Interest Drops as Traders Reduce Exposure  The latest decline follows bitcoins climb to $81,105 on Bitstamp earlier in the week before the cryptocurrency retreated to $75,088, representing a roughly 7.4% drop from that local high. The sell-off has jolted derivatives markets, with traders reducing exposure

2 days agoIndustry

Elon Musk Claims SoftBank Is Defaulting on Its Turbine Orders

Elon Musk claimed on Friday that SoftBank is defaulting on its turbine orders. The remark landed as the cost of insuring against a SoftBank default climbed to a four-year high.  Neither SoftBank nor any turbine maker has confirmed the claim. Still, the timing matters for the groups bondholders and shareholders, who already carry the debt behind its OpenAI bet.  Sponsored  Sponsored  Why Is Musk Taking Aim at Stargate Again?  Musk replied to a former aide who suggested his early doubts about Stargate had proved right. OpenAI announced the AI infrastructure venture with SoftBank and Oracle in January 2025, promising up to $500 billion in investment.  Back then, Musk said the backers lacked the money and that SoftBank had well under $10 billion secured.  The former aide paired those posts with fresh news of a data center loan auction. A mystery seller is offering about $500 million of such loans, including financing for a Stargate site in New Mexico.  The seller remains anonymous. Oracle, the sites main tenant, sent its developer a force majeure notice in September, a legal claim that events outside its control can delay its obligations. The company has said the project remains on schedule.  SoftBank is defaulting on their turbine orders  — Elon Musk (@elonmusk) November 6,

2 days agoIndustry

US Treasury, Fed withdraw $250 crypto Travel Rule proposal. What does it mean?

The US Treasury Departments Financial Crimes Enforcement Network and the Federal Reserve have withdrawn a proposal to lower the reporting and recordkeeping threshold for cross-border transfers from $3,000 to $250, leaving existing requirements unchanged.  SummaryFinCEN and the Federal Reserve have withdrawn their 2020 proposal to lower the reporting threshold for international transfers from $3,000 to $250, with the withdrawal taking effect on Nov. 9.The agencies cited changes in the digital asset industry and regulatory environment since 2020, while leaving open the possibility of introducing separate rules after further public consultation.The proposal had drawn nearly 3,000 public comments, including objections over financial privacy, compliance costs and the amount of personal information crypto businesses would have been required to collect.DeFi Education Fund policy lead Gavin Zavatone welcomed the withdrawal, arguing that the proposed requirements would have placed unnecessary data collection burdens on cryptocurrency users and businesses.  According to a joint withdrawal notice filed by the agencies, the decision will take effect on Nov. 9, ending a rulemaking process that began in October 2020 and would have brought significantly more cryptocurrency transactions under the Bank Secrecy Acts information-sharing requirements.  The agencies cited the time that had passed since the original proposal, along with changes in the

2 days agoIndustry

Bank of England raises rates to 4% as it forecasts inflation near 5% next year

The Bank of England raised its benchmark interest rate by 25 basis points to 4% on Nov. 5 as a prolonged energy shock increased its inflation concerns. The move highlights a potential source of pressure on Bitcoin investors exposed to sterling borrowing. Bank of England decision  Related Asset Bitcoin #1 BTC · $75,588.57 24-hour change: down 0.85% Loading price history… 24H Down 0.85% 7D Down 2.45% 30D Down 8.92%  Eight policymakers backed the increase, while Catherine Mann preferred a larger, 50-basis-point move to 4.25%. The Bank projected UK consumer-price inflation around 5% in the second quarter of 2027, following Septembers 3.5% reading. The median in the Banks Market Participants Survey already expected a 4% rate in November, which limits the case for treating the announcement as a fresh market shock.  The decision came despite limited evidence so far that the energy shock was spreading into broader wage and price-setting. Policymakers judged the pressure building in the economy sufficient to act, with stronger-than-expected activity adding to the case. That leaves persistence, including firms passing on costs and workers seeking higher pay, central to the next policy decisions. November minutes  The Bank of Englands tightening meets a global asset  UK borrowing costs were already rising. Forward market

2 days agoIndustry

XRP Ledger Is Undisputed Leader of 2026 in Commodities Tokenization With $2.2 Billion

According to fresh data from RWA Foundation, citing Token Terminal, XRP Ledger (XRPL) remains the number one undisputed leader in the tokenized commodities market. This is based on the distributed asset value in this particular segment of the RWA tokenization market.  Since the beginning of the year the net inflow of money into XRP-focused ledger totalled $2.2 billion. The nearest competitor is Ethereum, which records a positive delta of $1.6 billion year-to-date. Avalanche closes the top 3 with $335.2 million in attracted capital. Other blockchain platforms like BNB Chain, Solana, and Coinbase amassed collectively less than $100 million out of yearly $4.2 billion flow.  Year-to-date tokenized commodity growth by blockchain platform in 2026, Source: RWA Foundation Token Terminal via X.com  Stats from RWA.xyz shed more light on how XRP Ledgers leadership is constructed:89% of commodities RWA market on XRPL is guaranteed by just one big asset, JMWH by JustokenInstitutional players choose the “XRP network” because of calculation speeds of 3–5 seconds and the freshly deployed multi-purpose token standard  How one energy deal brought billions for XRP Ledger  The key driver behind the tokenization breakthrough is JMWH fund by Justoken platform worth $2.23 billion. It represents tokenized contracts on electroenergy generation in Latin America, structured within

2 days agoIndustry
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