Day: March 20, 2025

TRON and pump.fun collaborate on the launch of PumpSwap by bridging SOL/TRX and enhancing liquidity

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Key Takeaways TRON and pump.fun have launched PumpSwap to enhance cross-chain liquidity and accessibility. PumpSwap uses LayerZero and Wormhole protocols for seamless cross-chain interoperability. Share this article Geneva, Switzerland, March 20 2025  – TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), is thrilled to collaborate with pump.fun, the world’s leading crypto token launchpad where anyone can create their own token for free, to power the launch of PumpSwap. PumpSwap is the new native decentralized exchange (DEX) from pump.fun…

Bitcoin price thaws after Trump statement — Trader says ‘stay nimble and cashed up’

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Bitcoin (BTC) price rallied to an intraday high of $87,453 in the early hours of the NY trading session but quickly retraced its gains to $83,655 shortly after US President Donald Trump made a video appearance at the Digital Asset Summit in New York. Prior to the video statement, rumors circulated on X, suggesting that President Trump would announce zero capital gains taxes on certain cryptocurrencies or issue a favorable statement about the US strategic Bitcoin reserve.  To the disappointment of some traders, neither rumor proved to be true, and…

Crypto campaign donations are democracy at work — former Kraken exec

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Former chief legal officer of the Kraken exchange, Marco Santori, praised the political campaign donations made by crypto industry firms during the 2024 election as “democracy at work.” In an exclusive interview with Cointelegraph’s Turner Wright, the former Kraken executive argued that crypto voters tilted the election in favor of then-candidate Donald Trump and the Republican Party. The executive also said that the election donations from crypto firms, many of which are now having regulatory lawsuits dropped, do not represent conflicts of interest. Santori told Cointelegraph: “Detractors only call it…

DTCC to promote ERC3643 token standard

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The Depository Trust & Clearing Corporation (DTCC) — the US’s primary clearinghouse for securities transactions — has committed to promoting Ethereum’s ERC-3643 standard for permissioned securities tokens, according to a March 20 announcement.  DTCC is joining the ERC3643 Association, a nonprofit dedicated to catalyzing the standard’s adoption with the goal of “promoting and advancing the ERC3643 token standard,” it said. The endorsement highlights how US regulators are embracing tokenization after President Donald Trump vowed to make America the “world’s crypto capital.”  It also suggests that the Ethereum blockchain network may…

Bitcoin volatility hits 3.6% amid heightened market uncertainty

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Bitcoin (BTC) volatility climbed to 3.6% on March 19 — the highest point since August 2024, according to data from CoinGlass. The volatility reflects heightened market uncertainty amid structural unknowns in the US economy, according to Uldis Tearudklans, chief revenue officer at UK-based cryptocurrency exchange Paybis. “The policy landscape is becoming more complex with the emergence of Elon Musk’s Department of Government Efficiency,” Tearudklans said. “While the initiative to reduce government spending has bipartisan backing, the broader economic effects — particularly on employment and consumer demand — remain difficult to…

Bitfinex Bitcoin longs hit 6-month high — Will BTC price follow?

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Bullish Bitcoin (BTC) positions using leverage on the Bitfinex exchange surged to their highest level in nearly six months, reaching 80,333 BTC on March 20—equivalent to $6.92 billion. The 27.5% increase in Bitcoin margin longs since Feb. 20 has fueled speculation that the 12.5% BTC price gain from the $76,700 low on March 11 is driven by leverage and may not be sustainable. Bitfinex BTC margin longs, BTC. Source: TradingView / Cointelegraph However, Bitcoin’s price does not always move in tandem with bullish leveraged positions on Bitfinex. For example, in…

SEC says proof-of-work mining does not constitute securities dealing

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The US Securities and Exchange Commission’s Division of Corporation Finance has clarified its views on proof-of-work mining, arguing that such activities do not constitute “the offer and sale of securities” as outlined in the Securities Act of 1933, so long as they meet certain criteria. In a March 20 statement, the SEC division addressed the “mining of crypto assets that are intrinsically linked to the programmatic functioning of a public, permissionless network” and determined that decentralized PoW networks should not be treated as securities. Although the SEC’s statement did not…

Pump.fun launches own DEX, drops Raydium

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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.”…

Ethereum co-founder Joe Lubin on the future of Ethereum — DAS

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Ethereum co-founder Joe Lubin discussed the future of the smart contract network at the Digital Asset Summit and said layer-2 (L2) scaling networks would continue to be central to the Ethereum ecosystem. In an exclusive interview with Cointelegraph’s Turner Wright, Lubin said applications will require next-generation databases powered by high-throughput blockchain technologies. The Ethereum co-founder added: “The Ethereum ecosystem is so big and so mature that it will be best for new kinds of databases — new kinds of layer 2 networks — to set up shop, as layer 2s…

Pump.fun rolls out native DEX PumpSwap, ending Raydium migrations

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Key Takeaways PumpSwap eliminates the need for token migrations to Raydium, operating as a native DEX on Solana. The launch follows a 94% drop in Pump.fun’s volume amid rising competition from Raydium’s memecoin platform. Share this article Pump.fun launched PumpSwap, its native decentralized exchange on Solana, eliminating the requirement for tokens to migrate to Raydium for secondary trading. The move comes as Pump.fun’s trading volume has fallen 94% since early 2025, as it looks for ways to retain liquidity and fees within its ecosystem. The new DEX operates similarly to…