Tag: Launch

Polygon’s POL Token Rallies Ahead of Heimdall v2 Mainnet Launch

Key Notes POL is up 5.5% daily and 9% weekly amid optimism. Heimdall v2 mainnet migration set for July 10, 2025. The upgrade promises faster finality, safer bridging, and a smoother user experience. After weeks of sideways movement in June, Polygon’s native POL token has finally begun to show signs of strength. At the time of writing, POL POL $0.19 24h volatility: 1.8% Market cap: $1.68 B Vol. 24h: $54.78 M is trading near $0.1952 with a 5.5% daily increase and a 9% rise over the past week. This rally…

Pakistan Approves Launch of a New Crypto Regulatory Body

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Pakistan’s federal government has launched the Pakistan Virtual Assets Regulatory Authority (PVARA), a new body tasked with overseeing the country’s digital asset industry. According to a Tuesday report by English-language local news outlet Dawn, PVARA will operate as an independent regulator tasked with licensing, monitoring and supervising virtual assets service providers. It will also ensure compliance with international standards, including alignment with guidelines from the Financial Action Task Force (FATF). The report follows a late May announcement by Pakistan’s Ministry of Finance, which endorsed the creation of the new regulatory…

Bots Launch Majority Of Tokens On Pump.fun, LetsBonk

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Automated bots are likely behind most tokens that launch on the memecoin creation tools Pump.fun and LetsBonk, says an executive at crypto exchange Coinbase. “The great majority of tokens launched on PumpFun and LetsBonk are today run by bots,” Coinbase head of product Conor Grogan posted to X on Monday. He shared a chart with data showing that the top accounts on LetsBonk had, on average over the last day, launched “one new token every 3 minutes.” Source: Conor Grogan LetsBonk is a Solana-based token creation platform that launched in…

Ethereum Price Hits Support – Can It Launch a Fresh Move Higher?

Ethereum price started a fresh increase above the $2,520 zone. ETH is now correcting some gains and might aim for a fresh move above $2,580. Ethereum started a fresh increase above the $2,520 level. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,530 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Revisits…

Babylon unveils 2025 roadmap with Bitcoin multi-staking and EVM mainnet launch

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Babylon Genesis is set to roll out testnets for multi-staking and EVM support this summer, with both features scheduled to go live on mainnet in Q4 this year. The Bitcoin (BTC) staking protocol Babylon Genesis has unveiled its 2025 roadmap, outlining a series of milestones that will mark the completion of Babylon’s core staking infrastructure and open the door to BTCFi-native applications such as lending, trading, and stablecoins. This summer, the protocol will launch testnet support for multi-staking, allowing a single BTC position to secure multiple networks simultaneously. The initial…

US SEC Halts Full Launch of Grayscale Digital Large Cap Fund

Key Notes After approving the Grayscale Digital Large Cap Fund (GDLC), the SEC has paused trading for the fund. Analysts believe the SEC intends to establish guidelines for crypto ETFs before proceeding with Grayscale’s application. There are suspicions that the conflicting guidance is a matter of internal politics at the SEC. The United States Securities and Exchange Commission (SEC) will not be taking any action on Grayscale’s Exchange Traded Fund filing for Solana SOL $153.0 24h volatility: 3.2% Market cap: $81.82 B Vol. 24h: $5.18 B , XRP XRP $2.28…

Peter Thiel and Billionaire Consortium To Launch New Bank Serving Cryptocurrency Startups: Report

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PayPal co-founder Peter Thiel and a handful of other tech billionaires are reportedly launching a new bank partially dedicated to serving crypto startups. According to a new report from Financial Times, Thiel and other investors – such as the CEO of military contracting company Anduril – to create a bank called Erebor, which references to popular fantasy series The Lord of the Rings. FT says the billionaires intend for the bank to serve crypto startups and take the place of Silicon Valley Bank (SVB), a crypto-friendly bank that ended up…

SOL Rallies After Staked ETF Launch But $160 Must Hold

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Key point: REX Shares launched the first-ever US-staked cryptocurrency exchange-traded fund on Wednesday, giving investors direct exposure to Solana (SOL) and an opportunity to earn yield through staking.   Although the price action showed promise in the past few days, the recovery fizzled out on Tuesday. Could buyers push the price above the overhead resistance in the next few days? Let’s analyze the charts to find out. Solana price prediction Solana turned down from the 50-day simple moving average ($156) on Monday, indicating that the bears are fiercely defending the level.…

Circle Applies To Launch National Trust Bank

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Stablecoin issuer Circle has applied to establish a national trust bank in the United States that, among other duties, would oversee the firm’s USDC reserve on behalf of its US issuer.  If the application is approved by the US Office of the Comptroller of the Currency (OCC), Circle’s First National Digital Currency Bank would be authorized to operate as a federally regulated trust institution, Circle said in a statement on Monday. Circles Digital Bank also hopes to strengthen the infrastructure that “supports the issuance and circulation” of USDC (USDC) and…