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cointelegraph.com Pump.fun launches own DEX, drops Raydium

Pump.fun has launched its own decentralized exchange (DEX) called PumpSwap, potentially displacing Raydium as the primary trading venue for Solana (SOL) memecoins. Starting on March 20, memecoins that successfully bootstrap liquidity, or “bond,” on Pump.fun will migrate directly to PumpSwap, Pump.fun said in an X post. Previously, bonded Pump.fun tokens migrated to Raydium, which emerged as Solana’s most popular DEX largely thanks to memecoins trading activity. According to Pump.fun, PumpSwap “functions similarly to Raydium V4 & Uniswap V2” and is designed “to create the most frictionless environment for trading coins.”“[M]igrations were a major point of friction - they slow a coin’s momentum and introduce needless complexity for new users,” Pump.fun said. “[N]ow, migrations happen instantly and for free.”Raydium’s trading volumes surged in 2024, largely due to memecoins. Source: DeFiLlamaRelated: Solana shorts spike amid memecoin scandalsHeightened competitionThe launch comes just a few days after Raydium tipped plans to create its own memecoin launchpad — called LaunchLab — to directly compete with Pump.fun. Pump.fun and Raydium’s transition from partners to competitors stands to reshape Solana’s decentralized finance (DeFi) ecosystem at a time when memecoin trading volumes are down dramatically from January highs. “We welcome competition because users win at the end of the day,” Alon, one of Pump.fun’s co-founders told Cointelegraph on March 20. Other upstart protocols — such as Daos.fun, GoFundMeme and Pumpkin — are also vying for a share of Solana’s memecoin market. PumpSwap plans to adopt one of rival GoFundMeme’s most popular features — revenue sharing with memecoin creators. Soon, “a percentage of protocol revenue will be shared with coin creators,” Pump.fun said.“[I]f it succeeds, millions of dollars will go towards aligning creators with their communities and incentivizing higher quality launches.” Pump.fun’s fee revenues are down sharply from January highs. Source: Dune AnalyticsDeclining memecoin activityOn Feb. 27, Cointelegraph reported that successful memecoin launches on Pump.fun were down some 80% from January highs after a series of memecoin-related scandals cooled sentiment among retail traders. As a result, Pump.fun’s average daily fee revenue declined from more than $4 million in January to just over $100,000 as of mid-March, according to data from Dune Analytics, Memecoins drove explosive growth on Solana in 2024, with the chain’s total value locked (TVL) increasing from around $1.4 billion to more than $9 billion that year, according to DefiLlama.Raydium was among the biggest beneficiaries, with daily volumes soaring from around $245 million to more than $2 billion over the course of 2024, DefiLlama data shows.In January, Raydium launched a leveraged perpetual futures trading platform in a bid to challenge incumbent Jupiter, another top Solana DeFi protocol.Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

news.bitcoin.com Central African Republic to Launch Tokenized Land Sales on Solana

The Central African Republic (CAR) is set to launch a new platform allowing global investors to purchase tokenized land concessions using the CAR token on Solana. President Faustin-Archange Touadéra stated that these land parcels are cleared, registered, subdivided, and connected by roads, making them ready for agriculture or construction. However, these initial offerings do not […]

news.bitcoin.com Ron Paul Expects BRICS to End Dollar Dominance With New July Strategy

Ron Paul warns the BRICS bloc is set to dismantle dollar supremacy with a sweeping monetary reset that could devastate U.S. economic power and global financial control. Ron Paul: BRICS ‘Rio Reset’ Will Crush Dollar Monopoly in Global Trade Former congressman and long-time advocate of sound money, Ron Paul, stated on June 3 via social […]

news.bitcoin.com XRP Added to Nasdaq Crypto US Settlement Price Index

XRP blasts into the Nasdaq Crypto US Settlement Price Index, marking a monumental step toward institutional adoption and setting the stage for unprecedented market expansion. XRP Included in Nasdaq Index Redesign On June 6, the Hashdex Nasdaq Crypto Index US ETF submitted an update to the U.S. Securities and Exchange Commission (SEC), detailing a revision […]

news.bitcoin.com Michael Saylor on $13M Bitcoin Forecast: ‘I’m Getting More Bullish’

Michael Saylor is ultra bullish on bitcoin as institutional adoption explodes, supply tightens, and regulatory clarity fuels his bold 30% annual growth forecast for two decades. Michael Saylor’s Bitcoin Outlook: ‘I’m Very Bullish’ Michael Saylor, executive chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), which now operates under the name Strategy, expressed during a June […]

ambcrypto.com Shiba Inu’s deflation drive stalls - But before you buy the dip, look out for…

SHIB burn rate surged 5762.9%, while address activity rose across all categories last week. Exchange outflows rose 92.01%, nearly doubling inflows, as funding rates flipped slightly bullish. The post Shiba Inu’s deflation drive stalls - But before you buy the dip, look out for… appeared first on AMBCrypto.

news.bitcoin.com Cetus Protocol Relaunches After $220M Hack, Restores Liquidity

Cetus Protocol has relaunched just two weeks after a significant hack that compromised its concentrated liquidity market maker pools. Normal Users’ LP Functions to Resume Cetus Protocol, a leading decentralized exchange (DEX) and concentrated liquidity market maker (CLMM) on the Sui and Aptos blockchains, has relaunched just two weeks after a sophisticated hack severely impacted […]

news.bitcoin.com Prediction Market Frenzy: Musk-Trump War Fuels Bizarre Political Wagers

Ever since tensions flared between Elon Musk and Donald Trump, markets have seesawed and social media has lit up with fiery takes on the so-called “Big Beautiful Bill.” The clash between the sitting U.S. president and the world’s wealthiest individual has also sent prediction markets into a frenzy. One wager, with $134,277 in action, pegs […]

bitcoinist.com Spam Wars: Bitcoin Core Devs At Center Of Heated Debate

According to a joint statement released on June 6, 2025, 31 Bitcoin Core developers have taken a clear stance on how the network should handle non-monetary uses. They stressed that their role is not to support or block data inscriptions and other non-financial activities. The move has stirred strong feelings across the community, with debates […]

news.bitcoin.com Bottom-up Adoption: USDT Surges as Unit of Account in Bolivia

Paolo Ardoino, CEO of Tether, posted several pictures of items priced in USDT in Bolivia, marking an adoption milestone for the dollar-pegged stablecoin. The measure comes amid a climate of unrest due to the scarcity of dollars and gas faced by Bolivians. USDT Used to Establish Prices in Bolivia Stablecoins are becoming increasingly popular in […]

bitcoinist.com US Ethereum ETFs Record 4 Consecutive Weeks Of Positive Inflows — Details

After a horrendous start to the year, the United States-based spot Ethereum ETFs (exchange-traded funds) have managed to turn their fortune around over the past few weeks. This positive trend mirrors the shift in sentiment amongst Ethereum investors since the start of the year’s second quarter. Ethereum ETFs Hit 15 Consecutive Days Of Capital Inflows […]

news.bitcoin.com Bitcoin Breaks $106K as This Week’s Crypto Rollercoaster Hits Highs and Lows

On Sunday, June 8, bitcoin’s price climbed past the $106,000 mark, though the top crypto token has barely budged over the past seven days, gaining just about 1%. Meanwhile, coins like ravencoin, spx6900, and internet computer have been stealing the spotlight with eye-catching double-digit growth. Crypto Market Fires Up — Double-Digit Gains Collide With Brutal […]

bitcoinist.com 1 Bitcoin Up For Grabs On Netflix Reality Show ‘House Of Streams’

Netflix is gearing up to launch a new reality series called “House of Streams” on June 18 in the UK and Ireland. Eight well-known online streamers will face off for a prize that’s anything but ordinary. Instead of cash, the winner will claim 1 Bitcoin—worth more than $104,000 at current rates. Related Reading: Crypto King? […]

news.bitcoin.com Bitmain’s 1.16 PH/s Bitcoin Mining Beast: The ASIC Arms Race Just Got Real

Over the past three years, bitcoin mining gear has evolved dramatically—from machines cranking out massive terahash to widely available rigs boasting efficiencies under 20 joules per terahash (J/TH). At the World Digital Mining Summit last month, Bitmain pulled back the curtain on a machine delivering over a petahash per second (PH/s) with an energy use […]

bitcoinist.com Bitcoin Price Approaches $106,000 As Resurgence Continues — But Watch Out For This Level

The Bitcoin price has continued to impress over this weekend, recovering strongly from the late week blues that saw it fall toward $101,000. From a broader perspective, BTC will be targeting the $110,000 mark and looking to reclaim its all-time-high price. With the premier cryptocurrency already closing in on the $106,000 level, the question is […]

news.bitcoin.com Bitcoin to Solana: Crypto Prices Stay High Above Global Averages in South Korea

Since late May—spanning the past 17 days—the price gap for bitcoin in South Korea has climbed, topping a 3% difference by month’s end. As of Sunday, June 8, bitcoin is trading in the country at more than $1,500 above the worldwide average. Crypto Prices Break Away in South Korea, Sparking Premium Frenzy Bitcoin is currently […]

bitcoinist.com Bitcoin DeFi Project ALEX Protocol Targeted In $8.3 Million Exploit

Bitcoin decentralized finance (DeFi) platform ALEX Protocol has recently suffered an attack, losing $8.3 million in user funds. This represents the second exploit of the Stacks-based project in just over a year following a previous heist by the notorious North Korean Lazarus hackers group from North Korea. Related Reading: $15 Million Crypto Laundering Ring Crushed […]

news.bitcoin.com From High Gear to Grind: Bitcoin Hashrate Slides 75 EH/s After Etching New Record

Bitcoin’s hashrate hit a record-setting 943 exahash per second (EH/s) on May 31, but in the days since then, the network’s processing power has dipped by more than 75 EH/s. Bitcoin’s Block Time Slows as Miners Buckle Under Difficulty Spike Bitcoin miners wrapped up May on a high note, notching their best earnings since the […]

bitcoinist.com Bitcoin Rebound From $100,000 – Healthy Pullback Or Start Of Deeper Correction?

On Thursday, Bitcoin (BTC) prices dipped to below $101,000 as fallout between US President Donald Trump and world’s wealthiest man Elon Musk rocked the US financial markets. However, in the past 48 hours, the maiden cryptocurrency has registered a rebound climbing to above $105,000 before slipping into a sideways movement. Amidst these developments, a popular […]