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More than 40 former Pump.fun employees say the Solana launchpad dismissed them in early April, roughly two months before their PUMP token allocations were scheduled to vest. An anonymous X account claiming to represent the ex-staff began publishing termination emails this week, according to a
According to Sandmark, Pump.fun terminated employee contracts in early April, with token grants set to vest roughly two months later. The layoffs affected over 40 staff members, some of whom lost PUMP tokens worth seven figures at current prices. Co-founder Noah Tweedale attributed the cuts to a
Open USD (OUSD), a stablecoin backed by over 140 companies including Visa, Mastercard, Stripe, BlackRock, and BNY Mellon, is preparing to launch initially on the Ethereum network. The announcement was made by Ethereum Institutional, an independent non-profit organization focused on Ethereum
According to a Sandmark report, Pump.fun laid off employees in April who were due to receive PUMP tokens worth millions of dollars starting June 2026. The Solana-based memecoin launchpad's co-founder Noah Tweedale attributed the layoffs to the company growing "too quickly." The dismissed employees h
Tether reported strong second quarter results for 2026, generating approximately $1.5 billion in net operating profit while increasing its reserve surplus to more than $4.11 billion. The stablecoin issuer expanded its gold holdings by 14 metric tons, reduced secured lending exposure by approximately
According to BlockBeats, HYPE team members have cashed out approximately $165 million in tokens since December 2025, with 4.33 million HYPE sold across public and over-the-counter markets. During the same period, the support fund has repurchased approximately 9.8 million HYPE tokens, spending
According to Sandmark, Pump.fun conducted two rounds of layoffs in early April, before the originally scheduled June token unlock date for affected employees. At least one former employee forfeited millions of dollars in PUMP token allocation as a result of the early dismissal. Co-founder Noah
Evernorth, the Ripple-backed entity, amended its SEC registration statement to formalize employment agreements for three senior executives. Chief legal officer Jessica Jonas would receive an initial equity award worth about $4.5 million, while chief business officer Sagar Shah and chief operating of
A consortium of more than 140 organizations, including BlackRock, Visa, Mastercard, Stripe, and BNY, confirmed plans to launch Open USD (OUSD), a new stablecoin on the Ethereum blockchain. The project is governed by Open Standard, an independent consortium that distributes reserve income across
According to its interim results announcement, XinCe Technology (03317) reported on July 31 that first-half revenue reached 967 million yuan, surging 389% year-over-year, with net profit of 72.51 million yuan. The company's Token business drove accelerated growth, with quarterly Token-based ARR
According to NEAR Protocol on July 31, the network launched a staking-based payment feature allowing users to pay for confidential inference and persistent agent fees by staking NEAR tokens, eliminating the need for credit card binding.
Staked NEAR converts into monthly compute credits that scale w
BDIC Insurance, a Hong Kong-based crypto insurance provider, announced a strategic operational collaboration with Fireblocks, the enterprise platform securing more than $14 trillion in digital asset transactions. The agreement integrates Fireblocks' secure custody, payments, and tokenization
Eole Inc., listed on the Tokyo Stock Exchange's Growth market, bought 1,078.2547 HYPE tokens for $66,002 (¥10.08 million) on July 28, marking Japan's first publicly disclosed HYPE purchase by a listed company. The acquisition, at an average price of $57.15 (¥9,352) per token, forms part of Eole's
According to Foresight News, Pons on Robinhood Chain issued over 210,000 tokens in the past two weeks, generating over $283 million in trading volume on Uniswap pools.
According to BlockBeats, on July 31, CZ responded to community concerns about Giggle Academy's token sales causing price volatility. CZ explained that Giggle Academy, a free children's education app, is not a crypto team and lacks token management expertise, so it sells most donated tokens monthly t
Sui launched USDsui, a stablecoin that redirects Treasury bond yield into open-market buybacks of SUI tokens and DeFi liquidity incentives, diverging from the traditional model where issuers like Circle or Tether retain reserve profits. Mysten Labs co-founder Adeniyi Abiodun stated the yield
According to Mysten Labs co-founder Adeniyi Abiodun, Sui introduced USDsui, a fully collateralized stablecoin, with a mechanism that redirects yield from reserve assets (including U.S. Treasury bonds) back into the ecosystem through open-market SUI token buybacks and DeFi liquidity incentives. The a