Author: John Smith
Pump.fun reportedly dismissed employees shortly before their PUMP token grants were scheduled to vest, leaving at least one former worker without an allocation now valued at seven figures. Summary Employees were reportedly dismissed weeks before 25% of their PUMP grants vested. One former employee allegedly lost a token allocation now worth seven figures. Separate claims said 40 workers were cut one day before another vesting date. PUMP trades near $0.002, about 77% below its September 2025 peak. Pump.fun layoffs preceded employee token vesting Pump.fun reduced its workforce in late March and early April after rapidly expanding its operations, according to…
Uniswap has launched Earn, a self-custodial lending product that allows users to deposit USDC, USDT, and ETH into Morpho vaults without leaving its app. Summary Earn is live on the Ethereum mainnet through the Uniswap Web App and Wallet. Deposits enter Morpho lending vaults curated by Gauntlet, where borrower interest generates user yield. Uniswap charges no additional Earn fee, although users must pay Ethereum network costs. UNI traded near $4.30, down about 2.8% over 24 hours but up 12% for the week. Uniswap Earn supports USDC, USDT and ETH Earn is available through the Uniswap Web App and Wallet, extending…
Robinhood stock recovered more than 2% on Thursday after Bernstein maintained its $160 target, betting that tokenization and prediction markets can offset weaker crypto trading. Summary Bernstein maintained an Outperform rating and $160 target, implying roughly 81% upside from Thursday’s close. Robinhood’s second-quarter net revenue rose 32% year over year to $1.31 billion. Event contracts generated $156 million, surpassing the company’s $100 million in crypto trading revenue. HOOD traded at $88.55, but remained below its 20-, 50- and 100-day moving averages. Robinhood stock rebounds from $83.68 Robinhood Markets shares traded at $88.55 on Friday, up approximately 2.25% after moving between…
South Korea will begin taxing cryptocurrency gains at a combined rate of 22% from Jan. 1, 2027, ending expectations that the long-delayed measure could be postponed for a fourth time. Summary Annual crypto gains above 2.5 million won will become taxable as “other income.” Investors will pay 20% national tax plus 2% local income tax on gains exceeding the allowance. Critics warn that the absence of loss carryforwards could push trading toward offshore platforms. A pending opposition bill could still repeal the provisions before the rules take effect. South Korea confirms crypto tax launch Deputy Prime Minister and Finance Minister…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. QuantPilot aims to simplify crypto market research by combining fragmented on-chain, market, and DeFi data into AI-assisted analysis workflows. Summary QuantPilot brings AI research agents to crypto markets, combining live data, code execution, and automated analysis. Th platform uses AI agents and live data integrations to automate crypto market research and recurring analysis. QuantPilot expands AI-powered crypto research with live data connectors and scheduled analytics for traders. Ask a crypto trader what they lack, and almost nobody says data.…
Circle has secured a New York trust charter to expand its state regulatory footprint. Summary Circle has received a New York trust charter from the NYDFS for Circle New York Trust. The approval follows Circle’s recent federal trust bank authorization from the U.S. OCC under a separate regulatory framework. Circle said the charter strengthens oversight for its USDC business and extends its decade long relationship with the NYDFS. According to an announcement from Circle on Friday, the stablecoin issuer has received a limited-purpose trust charter from the New York Department of Financial Services for Circle Internet Trust Company LLC, doing…
The state is seeking at least $36 billion in damages from the prediction market platform it calls an unlicensed gambling operation, and has filed for a temporary restraining order to halt its contracts immediately. Summary New York Attorney General Letitia James and Governor Kathy Hochul sued KalshiEX on July 31, 2026, in New York Supreme Court, Manhattan, seeking at least $36 billion in compensatory damages, triple-gains penalties, and $100,000 per unauthorized sports wagering offer. The state simultaneously filed a motion for a temporary restraining order to halt Kalshi’s event contracts in New York immediately, citing ongoing harm to consumers including…
Bitcoin miners entered one of their longest periods of contraction by July 31, even as shares of several listed operators climbed on expectations for AI data-center revenue. Summary 19.9% difficulty decline places mining in its third-deepest ASIC-era drawdown, according to Bitcoin Magazine Pro. 12% hashrate retreat from December’s peak coincides with low hashprice and expanding artificial-intelligence contracts globally. Hut 8’s AI leases total $26.6 billion, helping explain mining stocks’ divergence from Bitcoin prices. Bitcoin Magazine Pro calculated that mining difficulty had fallen 19.9% from its peak, making the decline the third deepest since application-specific integrated circuits replaced graphics processors as…
South Korea has approved plans to establish a new 20 trillion won investment account within its sovereign wealth fund to finance artificial intelligence, data centers and other strategic industries while allowing domestic investments for the first time. Summary South Korea approved a 20 trillion won sovereign investment account focused on AI, data centers and strategic industries. The new Korea Investment Corporation account will be allowed to invest in domestic assets for the first time. The government plans to submit legal amendments in August and expects the fund to begin operations in 2027. The announcement follows recent efforts to attract global…
The 2026 FIFA World Cup generated $20 billion in blockchain prediction-market volume from January through the tournament’s end, Chainalysis reported on July 30. Summary $20 billion in prediction-market volume accumulated from January through the World Cup’s five-week tournament period. 400,000 wallets generated $5.7 billion during the tournament, representing 63% of prediction-market activity by volume. $24 million in FIFA Collect trades supported ticket access for more than 100,000 fans worldwide. The analytics firm said more than 400,000 wallets participated, while $5.7 billion was traded during the five-week event.The report also tracked $24 million in stablecoin-powered trading through FIFA Collect, the football…