Tag: Crypto

Raydium Token Plunges As Pump.fun Eyes Competing AMM Feature On Solana

Raydium’s token (RAY) suffered a sharp decline on February 24 amid growing speculation that memecoin launchpad Pump.fun is developing its own automated market maker (AMM) feature. The potential competition could challenge Raydium’s dominance in Solana DEX services. The rumor emerged from X (formerly Twitter) user “trenchdiver,” who claimed Pump.fun...
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USDe Stablecoin Developer Ethena Raises $100M: Bloomberg

Ethena, developer of the synthetic stablecoin USDe, has raised $100 million to finance a similar token targeted at traditional financial (TradFi) institutions, Bloomberg reported on Monday. The funding round was completed in December, with Franklin Templeton and Fidelity Investments-affiliated F-Prime Capital among the backers, the report added, citing a...
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Bybit Moves Fast: $742M ETH Purchase Follows $1.4B Hack—Damage Control?

In a surprising turn of events, cryptocurrency exchange Bybit purchased around 266,700 ETH worth $742 million in just 48 hours. Blockchain analytics company Lookonchain has kept an eye on this significant transaction following a disastrous $1.4 billion hack that sent shockwaves to the digital asset space. Tactical Moves In...
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PI network inching towards $1.60 amid Binance listing hopes

Pi’s price is holding steady above $1.50, fueled by hopes of a potential Binance listing. Pi Network (PI) token officially launched on Feb. 20, coinciding with the launch of Pi Network’s mainnet. Shortly after launch, several centralized exchanges, including OKX,…...
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