Pump.fun Layoffs Spark Fury After Workers Miss Million-Dollar Token Payouts

Former Pump.fun employees say they were dismissed two months before their PUMP tokens vested. Weeks after those dates passed, the team unlocked 50 billion tokens of its own.  An anonymous X (Twitter) account claiming to speak for more than 40 ex-staff began publishing termination emails this week. Pump.fun has not addressed the allegations publicly.  April Brought Layoffs and a $370 Million Burn  Sandmark reported that the Solana launchpad terminated contracts in early April. A quarter of each staff allocation was due to vest roughly two months later. Grant agreements had been signed in mid-June 2025, according to documents the outlet reviewed.  Co-founder Noah Tweedale attributed the cuts to a business that “grew too quickly” and could no longer move “fast and rough.” Severance ran to one week of salary for every month worked. One departing employee reportedly lost PUMP worth seven figures at current prices.  PUMP Price Performance. Source: Coingecko  That same month, however, the platform destroyed $370 million of repurchased PUMP, wiping out roughly 36% of circulating supply. Co-founder Alon Cohen defended the April token burn at the time.  “Every dollar not burned is a dollar being put to work toward the same outcome”  Follow us on X to get the latest news as it happens  What the

07-31انڈسٹری

IBM (IBM) Stock: Edges Higher as UniCredit Partnership Targets AI Banking Growth

TLDRIBM shares rise as UniCredit launches a major European banking tech overhaul.Accenture will acquire IBM‘s majority stake in UniCredit’s infrastructure venture.IBM will supply mainframe, software and consulting for core banking upgrades.The partnership aims to expand cloud, data and AI capabilities across Europe.Regulatory approvals remain required before the transaction can be completed.  IBM (IBM) shares rose 0.86% to $223.65 at Friday‘s close before slipping 0.39% to $222.78 after hours. The move followed a major technology agreement involving UniCredit, Accenture, and IBM across thirteen European markets. The partnership targets banking modernization, wider artificial intelligence use, and UniCredit’s long-term European growth.  International Business Machines Corporation, IBM  UniCredit Builds New Banking Technology Model  UniCredit plans to create a new technology operating model with support from Accenture and IBM. The bank wants greater control over system development while maintaining resilience across essential banking operations. The structure will also improve flexibility as UniCredit updates digital services across its European network.  Accenture will acquire IBM‘s majority stake in the joint venture managing much of UniCredit’s technology infrastructure. That change will give Accenture a larger operating role within the banks multi-year transformation programme. Meanwhile, IBM will continue supplying key platforms, software, infrastructure, and consulting services.  The agreement supports UniCredits wider plan to improve efficiency

07-31انڈسٹری

Ethereum Price And Scalability Records Mismatch, Here Is What Can Tilt The Balance

Key Insights:Ethereum (ETH) price stays below $2,000 even as network activity reaches new highs across layer-2 networks.Ethereum applications generated $1.79 billion in fees, but the base layer captured only 4.9% of that value.Analysts are watching tokenized assets and institutional demand as possible drivers for future ETH price growth.  Ethereum price remains under the spotlight as the network continues to process more activity while the coin stays below the $2,000 level. Fresh data has renewed debate over whether Ethereums growing use is doing enough to support the ETH price, even as more projects and users continue to build on the network.  Meanwhile, any price projections or technical levels referenced in this article are based on chart patterns and market indicators, which cannot accurately predict future price movements.  This article should not be considered financial or investment advice. Readers are encouraged to perform independent due diligence and seek guidance from licensed professionals, given the inherent volatility of digital assets.  Ethereum Price Lags Behind Network Growth  Ethereum price has not matched the pace of growth across the network. That is the concern raised by market commentator Tanaka on X, who said Ethereum is scaling faster than ever, but the coin is still trading below $2,000.  Figures shared for the

07-31انڈسٹری

Ethereum's 43-day staking queue isn't a clean demand signal, Sygnum says

Quick TakeSygnum Bank‘s Thomas Brunner said Ethereum’s 43-day validator queue reflects protocol mechanics as well as institutional demand, cautioning against treating it as a straightforward bullish signal.“Almost no one is un-staking, which points to genuine conviction,” he said. “The entry queue measures as much plumbing as demand.”  The Ethereum validator entry queue has swelled to roughly 2.5 million ETH, with new stakers waiting approximately 43 days to activate while the exit queue remained largely empty, according to data from Beaconcha.in.  Thomas Brunner, Head of Custody and Staking at Sygnum Bank, said the backlog is not the clean bullish signal it appears to be on the surface.  “The queue is genuinely long, and part of that is real demand weve observed with spot ETF and at our own level,” Brunner said in a written interview with The Block. “But a meaningful share of this staking backlog is mechanical, not directional and it stems from last years Pectra upgrade.”  The Dencun upgrade lowered the daily validator entry rate to roughly 57,600 ETH, Brunner said, and Pectra did not raise it. Pectra also allows validators to hold up to 2,048 ETH each and compound automatically, so large operators are now topping up existing validators. Every top-up, some

07-31انڈسٹری

Saylor and Strategy Officially Back CLARITY Act for US Crypto

Key TakeawaysStrategy and Michael Saylor publicly endorsed the CLARITY Act.The Senate proposal divides crypto oversight between two regulators.The measure gained backing as institutional interest in crypto grows.  Strategy and Saylor Join the CLARITY Act Campaign  Strategy Inc. (Nasdaq: MSTR) announced its support for the Digital Asset Market Clarity Act on July 31, adding the worlds largest corporate bitcoin holder to the legislative campaign. The company presented the bill as a bipartisan framework supporting market expansion, institutional participation, consumer protection, and individual digital asset ownership.  Strategy declared:  “We support the bipartisan CLARITY Act. It establishes a clear framework for the growth of digital asset markets, accelerates institutional adoption, strengthens consumer protections, and safeguards the right of individuals to own and control their digital assets.”  Michael Saylor‘s CLARITY Act endorsement adds one of the cryptocurrency industry’s most influential corporate voices to the campaign for market structure legislation. As executive chairman of the worlds largest corporate bitcoin holder, his support reflects growing institutional interest in establishing a durable regulatory framework for digital assets before broader adoption accelerates.  Saylor wrote:  “I support advancing the CLARITY Act through bipartisan work to establish clear, durable rules, protect property rights, promote innovation, and strengthen American capital markets. Bitcoin will succeed with or without legislation,

07-31انڈسٹری

Judge lets FTX recovery trust chase Binance for $1.76 billion over a 2021 share buyback

The FTX Recovery Trust, which is pursuing assets for the bankrupt exchanges creditors, can keep trying to recover at least $1.76 billion that FTX alleges it transferred to Binance parties in a 2021 share repurchase.  A July 24 ruling by U.S. Bankruptcy Judge Karen B. Owens preserved the core clawback claims against four Binance entities and Changpeng Zhao while dismissing separate claims tied to FTXs collapse. The decision lets the case continue but does not establish liability or award money to the estate.  According to the complaint, seven agreements executed July 15, 2021, repurchased Binances roughly 20% stake in FTX Trading and an 18.4% stake in West Realm Shires held by Zhao, Dinghua Xiao and Samuel Wenjun Lim. The consideration allegedly consisted of the BUSD, BNB and FTT tokens.  The trust alleges that the transferred assets were worth at least $1.76 billion. That is the amount sought and an alleged value, not a court-set valuation or an award.  Owens allowed Counts I through V to proceed against Binance Holdings Limited; Binance Capital Management Co. Ltd., now known as Digital Anchor Holdings Limited; Binance Holdings (IE) Limited; Binance (Services) Holdings Limited; and Zhao. Those counts assert constructive and actual fraudulent transfers and seek recovery of

07-31انڈسٹری

Profusa Inc. (PFSA) Stock: Drops as G3 Deal Hinges on $30M Financing

TLDRProfusa stock drops after hours as the G3 acquisition faces key conditions.The G3 deal requires at least $30 million in secured financing before completion.G3s unaudited 2025 revenue estimate of $111 million supports the deal value.Shareholder approval is needed to convert preferred stock into common shares.Profusa must retain its Nasdaq listing and resolve G3 debt before the closing.  Profusa shares closed unchanged at $1.06 in regular trading before dropping 3.77% to $1.02 during after-hours trading. The decline followed a formal option agreement covering Profusas proposed acquisition of G3 Vision Labs and three subsidiaries. The transaction now depends on financing, debt restructuring, shareholder approval, and continued Nasdaq listing compliance for the proposed transaction.  Profusa, Inc. Common Stock, PFSA  Profusa Sets Terms for G3 Acquisition  Profusa secured the right to acquire G3 Vision Labs, Med Screen Laboratories, Dominion Diagnostics, and Acutis Diagnostics under the agreement. The option remains open until G3 provides required financial records, followed by an additional 90-day exercise period under agreed terms. G3 estimated 2025 net revenue at about $111 million using unaudited management information for the diagnostics group and subsidiaries.  The proposed combination would create a public diagnostics company operating national laboratories certified under federal CLIA standards across several markets. These laboratories serve addiction

07-31انڈسٹری

US and Israel plan to attack Irans energy infrastructure – CBS News

CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Irans energy infrastructure, said multiple sources.  The duration would be over the weekend ahead of next weeks Asian open in the financial markets. The article mentions that US sources revealed that Israel has been notified and “are coordinating with the United States.” The US “president has yet to give the final go orders for the strikes, the sources said.”  Meanwhile, an Israeli official told CBS News, Israel is unaware of a decision to restart full military operations, nor has been requested of Israel to join any military actions against Iran.[  The article read “The military strike plan came up during President Trumps cabinet meeting at Camp David on Friday, according to sources briefed later. Some White House aides who focus on politics were strongly opposed, one of the sources said.”  According to two sources, energy infrastructure includes power plants and refineries would be the main targets,  Risk sentiment FAQs  In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about

07-31انڈسٹری

XRP adds 489K accounts in 2026 – Inside XRPLs network surge

Ripple [XRP] is slightly down by around a percent but still accounts for a sizeable daily trading volume. The altcoins daily volume is about $1.06 billion, slightly lower than the high volumes experienced in a bullish market.  This significant volume results from high network activity growth. Despite that, the price of XRP is lagging, down about 41% year-to-date (YTD).  Network activity on XRP Ledger explodes  On-chain data showed immense network growth across multiple divides.  For instance, the XRP Ledger has added 489,739 new accounts in the first half of 2026. As a result, they have hit a new peak level of 8.403 million in July, up from 7.913 million.  Additionally, exchange supply declined to a new 7-year low of 2.748 billion XRP tokens. This indicates accumulation is in progress as coins are moving to self-custody, reducing circulating supply.  Moreover, the cumulative spot ETF inflows hit $1.50 billion, accounting for about 1.48% of the market cap. The daily total net flow was $5.98 million, with a total traded value of $8.83 million.  Source: RippleXity  On top of that, Ripple Mint went live for institutional RLUSD. In fact, RLUSDs market cap was growing on both the XRP Ledger and the Ethereum [ETH] network.  Recently, Ripple minted 15 million RLUSD on Ethereum

07-31انڈسٹری

Grayscale Presses Senate to Advance CLARITY Act Before Break

TLDR:Grayscale urged Senate leaders to schedule a CLARITY Act floor vote before the August recess, warning that regulatory delays restrict institutional participation.The House passed H.R. 3633 by 294-134, while the Senate Banking Committee advanced the measure 15-9 before sending it toward the chamber floor.Senate negotiations still cover ethics enforcement, stablecoin rewards, developer protections, and counter-terrorist-financing compliance language.Republicans hold 53 Senate seats, so supporters may need at least seven Democratic votes to clear the 60-vote procedural threshold.  Grayscale has urged Senate leaders to schedule a CLARITY Act vote before lawmakers leave Washington for the August recess. The digital asset manager says delayed market rules restrict institutional participation across crypto products. Its request arrives while Bitcoin trades near $63,002, down 2.69%, with Ether near $1,863. However, no clear price move has been directly tied to the letter.  Grayscale argues that pension funds, endowments, developers, and product issuers need predictable federal standards. The firm wants senators to finish negotiations covering regulatory jurisdiction, investor safeguards, stablecoin rules, and developer protections. Financial crime controls must be settled before floor time disappears.  CLARITY Act Vote Push Meets a Tight Senate Calendar  Grayscale addressed its request to Senate Majority Leader John Thune and Minority Leader Chuck Schumer. The company said hundreds

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