News & Research

A wallet believed to be associated with Pump.fun transferred 187,770 SOL ($30.53 million) in fee revenue to an address beginning with “3vkp” over the past seven hours before initiating a PUMP buyback, according to on-chain analyst @EmberCN on X. To date, Pump.fun has repurchased 3.04 billion PUMP using 111,953 SOL ($18.34 million) at an average price of $0.006.

Bitmax, a publicly listed Korean company that pivoted from augmented reality (AR) to crypto investment, announced on X that it purchased an additional 51.06 BTC. It now holds 400.25 BTC, the most among listed companies in South Korea. The company positions itself as the Korean counterpart to Strategy.

Lisk DAO’s proposal to burn 100 million LSK from its treasury failed to pass due to not reaching quorum, despite receiving 99.46% approval, according to Tally, an on-chain governance platform for decentralized autonomous organizations (DAOs). The proposal was introduced after 145 million new LSK were minted during the token’s migration to ERC-20.

Trend Research, a secondary investment institution under crypto investment firm LD Capital, has transferred 17,289 Ethereum (ETH) worth $52.84 million to Binance, according to on-chain analyst @EmberCN on X. The firm currently holds 182,000 ETH with an average entry price of $2,250.

One Shiba Inu (SHIB) wallet controls about 41.04% of the token’s circulating supply, according to IntoTheBlock data cited by U.Today. This amounts to roughly 410 trillion SHIB worth around 5.5 billion dollars. With 1.46 million active addresses in the network this concentration in a single whale could significantly influence SHIB’s price dynamics.

The U.S. House will not hold another vote today on the pro-crypto bill, which earlier failed to pass an initial procedural vote due to lack of majority support, according to Watcher Guru on X citing CNBC.

U.S. investment bank Cantor Fitzgerald is working on a $4 billion SPAC merger with Adam Back, CEO of blockchain developer Blockstream and a prominent Bitcoin maximalist, according to Walter Bloomberg on X.

Bitcoin (BTC) wallets that never sell added 248,000 BTC this month, far above the monthly average, signaling strong long-term interest despite Bitcoin’s price drop to around $116,500, according to CryptoQuant data cited by CryptoPotato. While some large traders are turning bearish, accumulators continue buying, even as the market shows mixed signals.

The U.S. House failed a procedural vote on a cryptocurrency bill but plans to hold a second vote around 21:00 UTC, according to Fox News cited by Jin10. The president, reportedly angry, is speaking with lawmakers who blocked the bill.

Fort Worth, Texas, became the first U.S. city to mine Bitcoin by installing three rigs at city hall to run continuously for six months, according to Fox News 4, cited by Walter Bloomberg on X.