13 Aug 2025, 10:42

PUMP jumps 20% as Pump.fun completes $175.3M buyback

Cryptocurrencies extended this week’s gains today as Ethereum’s rally past $3,600 fuels large-cap assets. Solana ecosystem’s tokens attracted attention as SOL reclaimed $200 after an over 15% increase in the past 24 hours. Solana’s meme Launchpad Pump.fun is in the spotlight after its massive buyback, which has propelled PUMP’s prices. Lookonchain observed that Pump.fun has repurchased 175.3 million PUMP tokens, worth approximately $705,000. Lookonchain @lookonchain · Follow Pumpfun( @pumpdotfun ) is buying back $PUMP , purchasing 175.3M $PUMP ($705K) in the past 4 hours.In total, Pumpfun has bought back 7.66B $PUMP ($30.65M, 0.766% of the total supply). solscan.io/account/88uq8J… solscan.io/token/pumpCmXq… 11:40 AM · Aug 13, 2025 284 Reply Copy link Read 46 replies The transaction has pushed its total buybacks to 7.66 billion coins, valued at around $30.65 million. The move demonstrates the team’s dedication to absorbing PUMP’s supply for long-term stability. The native token extended its 24-hour rally from $0.00345 to a $0.00414 intraday high. That translated to an about 20% increase over the past day. Pump.fun’s billions in buybacks The latest buy is part of the platform’s bigger strategy. The team has initiated multiple programs to strengthen PUMP after its controversial debut, which even saw early investors exiting days after the public sale. To date, Pump.fun has repurchased 7.66 billion PUMP coins, worth $30.65 million. That represents 0.766% of the altcoin’s total supply. The buybacks, and their magnitude, have stirred the markets, especially since most meme projects tend to depend on community hype for survival. Pump.fun’s approach of removing PUMP from circulation is vital in creating adequate upside pressure for prices. Why buybacks matter for crypto Buybacks are common in traditional finance, often used by firms to display trust in their stock. In crypto, they can be more impactful as sentiments fuel digital currency performance. Various cryptocurrency communities, including AAVE’s, have proposed buybacks to enrich ecosystem stability. A team that can spend millions on its token confirms adequate funds to support the project. This industry is full of developers dumping their entire holdings, leaving the community in limbo. For PUMP investors, the buybacks will boost confidence about future growth. Enthusiasts will watch how this initiative influences PUMP in the coming times. However, Pump.fun should accompany buybacks with key developments to ensure long-term strength. Market players want more than token removals. They seek community engagement, innovation, and utility. Furthermore, Pump.fun is experiencing intense competition, with platforms like LetsBonk.fun topping charts. PUMP price outlook The native token exhibits a bullish bias, driven by broad market recoveries and Pump.fun’s buyback spree. PUMP trades at $0.00439, with a 26% surge in daily volume indicating a buyer resurgence. Chart by Coinmarketcap Optimistic developments such as the Glass Full Foundation launch have kept PUMP afloat. Short-term indicators highlight the upside momentum. The 3H MACD has swayed above the signal line since Monday’s bullish crossover. Also, the Relative Strength Index indicates more room for PUMP gains. Moreover, the prevailing broad market sentiments suggest continued rallies for alts. Ethereum tests $4,700 after its latest breakout cleared the path to peaks above $5,000, while Bitcoin’s declining dominance supports the altcoin season tale. The post PUMP jumps 20% as Pump.fun completes $175.3M buyback appeared first on Invezz

13 Aug 2025, 10:42

Dogecoin Climbs as The Crypto Market Soars

Dogecoin surged 7%, reaching a weekly gain of 19% amid market optimism. The emergence of a Golden Cross pattern suggests strong potential for continued gains. Continue Reading: Dogecoin Climbs as The Crypto Market Soars The post Dogecoin Climbs as The Crypto Market Soars appeared first on COINTURK NEWS .

13 Aug 2025, 10:42

Estonian Founders of HashFlare Bitcoin Mining Scam Jailed for 16 Months

The U.S. Department of Justice is considering whether to appeal, as the sentence falls well short of the 10-year prison term sought by prosecutors.

13 Aug 2025, 10:41

Standard Chartered hikes 2025 ETH target to $7.5K on stablecoin, ETF surge

Standard Chartered now sees ETH hitting $7,500 in 2025, fueled by record ETF and treasury buying, stablecoin growth and Ethereum network upgrades.

13 Aug 2025, 10:41

OKX token hits ATH after 65M OKB burn and supply cap plans

The cumulative crypto market printed green indexes all around as Ethereum led the bullish sentiments for altcoins. Amid this, OKX’s native token, OKB, literally blasted by more than 173% over the past 24 hours to hit its new all-time high (ATH), while other top exchange-based tokens watched it pump. The massive surge comes in as OKX is rolling out one of its strategic upgrades to its zkEVM-based public chain, X Layer, and a decisive shift in tokenomics. It includes the permanent burn of a staggering 65.26 million OKB from historical buybacks and reserves. However, it would also fix the total supply at 21 million. OKB tops CEX token gains According to the announcement, OKTChain will be phased out with all OKT automatically converted to OKB based on a month-long average closing price between July 13 and August 12, 2025. The update led the way to a brief rally for the OKB price to hit over $139 before retracting to around $106. OKB is trading at an average price of $110.7 at press time. Its 24-hour trading volume spiked by 15,812% to hit $842 million. OKB is among the top 5 biggest CEX tokens. It holds the market cap of over $6.5 billion. Source: CoinMarketCap. Wednesday morning turned out to be good for all the top exchange-based tokens. Binance’s BNB price jumped by 6% to trade around $853. Its 24 hour trading volume is up 22% to stand at $3.27 billion. It is the biggest CEX-based crypto and holds a market cap of $118 billion. UNUS SED LEO (LEO), the second-largest token in the category, also remained up by 3%, depicting positive sentiment among investors. LEO is trading at an average price of $9.24 at press time. OKX aims at DeFi, payments, RWA OKX mentioned that since launching X Layer in 2023 with Polygon, it has steadily built up speed, scale, and developer adoption. Now, it’s doubling down on its goal to make X Layer a prime destination for DeFi, payments, and real-world asset applications. The chain has fully integrated Polygon’s latest CDK upgrade, boosting throughput to 5,000 TPS. This slashes gas fees to near zero, and tightens security while staying Ethereum-compatible. OKX Wallet, Exchange, and Pay will all natively run on X Layer. Source: OKX’s announcement . From August 13, OKT trading will be halted, and withdrawals of OKB to Ethereum L1 will stop by the same afternoon. By August 15, OKT will be automatically swapped to OKB on user accounts, followed by the mega-burn event that locks OKB’s supply forever. The final step comes on August 18, when the OKB smart contract will be upgraded to eliminate minting and burning functions. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

13 Aug 2025, 10:40

USDT Transfer: Massive $300M Whale Transaction Rocks Aave and HTX

BitcoinWorld USDT Transfer: Massive $300M Whale Transaction Rocks Aave and HTX A recent alert from Whale Alert has captured the attention of the crypto world: a staggering 300,000,000 USDT transfer from Aave to HTX. This monumental movement, valued at approximately $300 million, immediately raises questions about its implications for both platforms and the broader cryptocurrency market. Such a significant whale transaction is always worth exploring. What Does This Massive USDT Transfer Signify? When a sum of this magnitude changes hands, it’s rarely a casual event. A USDT transfer of 300 million dollars suggests strategic intent. This isn’t just someone moving pocket change; it’s a major player making a calculated move within the digital asset landscape. Significant Liquidity Shift: Moving such a large amount of stablecoin can impact liquidity pools on decentralized finance (DeFi) platforms like Aave. Exchange Activity: The arrival of this capital on HTX could signal upcoming trading activity, potential over-the-counter (OTC) deals, or preparations for major market events. Market Sentiment Indicator: Large transfers can sometimes be interpreted as a sign of confidence or a precursor to market volatility, influencing overall cryptocurrency sentiment. Unpacking the Role of Aave and HTX in This Cryptocurrency Move Understanding the entities involved helps us grasp the context of this whale transaction . Aave is a leading decentralized lending and borrowing protocol, allowing users to earn interest on deposits and borrow assets. HTX, formerly Huobi, is a centralized cryptocurrency exchange offering a wide range of trading services. The transfer from Aave suggests that funds previously locked in or utilized within the DeFi ecosystem are now being moved to a centralized exchange. This could be for various reasons, including: Preparing for large-scale trading or arbitrage opportunities. Consolidating funds for a specific investment or withdrawal. Responding to market conditions or perceived risks in DeFi. Potential Reasons Behind This Significant USDT Movement Why would a whale move such a substantial amount of USDT ? While the exact motive remains unknown, several possibilities exist within the dynamic cryptocurrency space: One common reason for a large USDT transfer to an exchange is to increase liquidity for major trading operations. A whale might be preparing to buy or sell a large amount of another asset, and bringing stablecoins to an exchange ensures they have the necessary capital readily available. Moreover, this could be part of a broader strategy to rebalance portfolios or take profits from DeFi yields. Another scenario involves over-the-counter (OTC) deals. Whales often prefer to execute large trades directly with institutions or other whales to avoid impacting market prices on public exchanges. Moving funds to a centralized exchange might facilitate such a private transaction. What are the Broader Implications for the Cryptocurrency Market? Every significant whale transaction sends ripples through the market. While a USDT transfer itself doesn’t directly affect the price of other cryptocurrencies, the sheer size of this move from Aave to HTX indicates a major player is active. It prompts observers to consider the potential downstream effects. This movement highlights the continuous interplay between DeFi protocols and centralized exchanges. It reminds us that large capital holders are constantly optimizing their strategies, moving funds to where they perceive the best opportunities or safest harbors lie. Monitoring such transfers is crucial for understanding liquidity flows and potential market shifts within the evolving cryptocurrency ecosystem. In conclusion, the 300,000,000 USDT transfer from Aave to HTX is a prime example of how large capital movements can signal important underlying strategies in the crypto world. While the specific reasons behind this colossal USDT transfer remain speculative, its occurrence underscores the active and strategic nature of major participants in the digital asset space. Keeping an eye on these significant shifts provides valuable insights into the broader trends shaping the future of cryptocurrency . Frequently Asked Questions (FAQs) What is USDT? USDT, or Tether, is the largest stablecoin by market capitalization. It is pegged to the US dollar, meaning its value is intended to remain stable at $1, making it a crucial asset for traders seeking to mitigate volatility in the cryptocurrency market. What is Aave? Aave is a decentralized finance (DeFi) protocol that allows users to lend and borrow various cryptocurrencies without intermediaries. It operates on blockchain technology, enabling peer-to-peer financial services. What is HTX? HTX, previously known as Huobi, is one of the world’s leading centralized cryptocurrency exchanges. It provides a platform for trading a wide array of digital assets, spot trading, futures, and other crypto-related services. Why are large USDT transfers significant? Large USDT transfers , especially those considered a whale transaction , are significant because they often indicate major strategic moves by large investors or institutions. They can precede significant trading activity, signal changes in market sentiment, or reflect shifts in liquidity between different parts of the cryptocurrency ecosystem. Does this transfer affect the price of USDT? No, a USDT transfer of this nature does not directly affect the price of USDT itself. As a stablecoin, its value is pegged to the US dollar. However, such large movements can impact the liquidity available on the platforms involved and potentially influence the trading behavior of other cryptocurrencies. Did you find this analysis of the USDT transfer insightful? Share this article on your social media to help others understand the fascinating world of cryptocurrency and the impact of major whale movements! To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency institutional adoption. This post USDT Transfer: Massive $300M Whale Transaction Rocks Aave and HTX first appeared on BitcoinWorld and is written by Editorial Team