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Solana Labs and Jito Labs have been named as co-defendants in a newly amended federal lawsuit that accuses them of playing a central role in an alleged $1.5 billion fraud tied to the Solana-based memecoin launchpad Pump.Fun.
The amended lawsuit, filed on July 22 by Burwick Law in the Southern District of New York, expands a consolidated case that originally targeted Pump.Fun and its affiliates....
Solana-based tokenized stocks surpassed $100 million in market capitalization less than one month since their official launch on June 30.
According to rwa.xyz data, the tokenized stock market on Solana is valued at nearly $102 million as of July 22, representing a 242% increase from its $29.8 million size at the debut date. This market is fueled mainly by xStocks, issued by Backed Finance.
As a...
VERT, a Brazilian fund management and securitization firm, has launched a blockchain-based platform on the XRP Ledger (XRPL) to modernize the issue and management of agribusiness credit.
According to a July 23 statement, the platform’s first significant transaction involves the tokenization of a BRL 700 million (~$130 million) Agribusiness Receivables Certificate (CRA), marking a substantial...
Altcoin leverage has swelled to unprecedented levels, setting the stage for violent swings if momentum cracks, according to a July 23 report by Glassnode.
The report highlighted that the combined futures open interest across Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) increased from $26 billion at the start of July to $44 billion, representing a 69% surge.
Daily increases have stayed...
Arthur Hayes, Chief Investment Officer at Maelstrom and former BitMEX CEO, has shared a highly optimistic outlook for Ethereum (ETH), predicting that the digital asset could reach a new all-time high of $10,000 by the end of the year.
In a July 23 blog post, Hayes described ETH as “the most hated large-cap crypto,” likening its current sentiment to Solana following FTX’s collapse in 2022 before...
Ethereum has had a significant expansion in liquidity over the past three months, with aggregated 2% market depth rising from $278.35 million on April 25 to $393.34 million on July 21.
This 41% increase comes from a clear buildup in resting orders on both sides of the order book, suggesting heightened participation by market makers and a larger buffer for volatile trading sessions.
Graph showing...
PUMP, the native token of memecoin launch platform Pump.fun, faces mounting selling pressure following its rapid price drop.
According to blockchain analytics firm SpotOnChain, 31.6% of the 10,145 successful presale participants have offloaded their PUMP tokens on decentralized exchanges.
Adding to the trend, 53% of presale buyers have moved their tokens to new wallets, including centralized...
Bitcoin reaching a $1 million valuation, once a fringe projection, has gained analytical grounding across financial models tied to supply shocks, institutional adoption, and long-term capital migration.
While that price remains far from guaranteed, recent analyses have raised the probability of a seven-figure print within the next decade, anchored around the post-2028 halving window and...
The US Securities and Exchange Commission (SEC) has issued a stay order on Bitwise’s bid to convert its over-the-counter (OTC) crypto index fund into a spot exchange-traded fund (ETF).
The decision came just hours after the SEC’s Division of Trading and Markets granted accelerated approval for the application on July 22.
The stay, issued by the SEC’s Office of the Secretary, temporarily suspends...