The Nakamoto Treasury Company (NAKA) has launched a share buyback program.

Britain Sentences Former PumpFun Developer to Six Years for Fraud

Jarrett Dunn, a former developer of PumpFun, has received a six-year prison sentence following a British court’s ruling on charges of fraud committed during his official capacity. More details are available here.

Analysts at CF Benchmarks consider Bitcoin a fundamental asset for diversified portfolios, with a projected price target of $1.4 million by 2035.

Ondo, in partnership with LayerZero, has launched a cross-chain securities bridge supporting Ethereum and BNB Chain. More details are available here.

Bitwise has filed an application to launch an ETF focused on SUI tokens. More information is available here.

In the past 30 minutes, long positions exceeding $150 million have been liquidated.

NYSE owner in talks to invest in Moonpay, potentially valuing the company at $5 billion.

Burger chain stocks decline amid shifting consumer preferences and rising input costs.

Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647

Bithumb Announces DEXE KRW Market and No Trading Fees

Bithumb has integrated a new DEXE market denominated in KRW, accompanied by a promotion of zero trading fees. The listing also includes the DEXE/USDT trading pair, currently priced at 3,297. Details are available at feed.bithumb.com.

The U.S. Senate has confirmed Mike Selig to lead the Commodity Futures Trading Commission and Travis Hill to head the Federal Deposit Insurance Corporation, both of whom are regarded as supportive of cryptocurrency.

Do Kwon, the liquidator overseeing Terraform Labs, has initiated legal action against Jump Trading, alleging that the firm benefitted financially and contributed to the collapse of Terraform Labs. wsj

David Sachs, the White House’s chief of artificial intelligence and cryptocurrency, announced that the CLARITY Act bill is scheduled for presentation to the Senate next month for review and possible amendments prior to a full Senate vote. cointelegraph

Large whales are incurring losses on their long positions:

1. A whale with 1,011 short positions and long holdings totaling $695 million in Bitcoin, Ethereum, and Solana is experiencing an unrealized loss of approximately $75 million. The entity contributed 5,152 Bitcoin (worth $444.73 million) on Binance.
2. Another whale holding 59,733 Ethereum tokens, valued at $168.7 million, is approaching liquidation at prices of $2,807.02 and $2,729.19. Additionally, their long position of 565,557 HYPE tokens, worth $12.5 million, is nearing liquidation at $22,197. Their profits, which once neared $100 million, have now declined to $11.4 million.

Large whales are incurring losses on their long positions:

A whale with 1,011 short positions and total long investments of approximately $695 million in Bitcoin, Ethereum, and Solana is experiencing an unrealized loss of about $75 million. The whale has contributed 5,152 Bitcoin worth around $444.73 million on Binance.

Another whale holding 59,733 Ethereum valued at $168.7 million is nearing liquidation levels at prices of $2,807.02 and $2,729.19. Additionally, their long position in 565,557 HYPE tokens, valued at $12.5 million, is close to liquidation at $22,197. Their profits, which had peaked at nearly $100 million, have declined to $11.4 million.

Bitcoin sentiment has shifted markedly to bearish across social platforms including X, Reddit, and Telegram following the cryptocurrency’s decline to $84,800. Despite the drop, market prices are diverging from prevailing negative sentiment, indicating that this heightened fear-driven volatility may present buying opportunities for investors prepared to withstand short-term turbulence.

Brazilian Stock Exchange to Launch Tokenization Platform and Stablecoin.

Aptos proposes enhancements to AIP-137 to incorporate additional support for post-quantum digital signatures at the account level, aiming to address long-term security risks associated with quantum computing.

JPMorgan analysts reaffirm their stance that stablecoins are unlikely to attain a market capitalization of $1 trillion. They estimate the total market to be in the range of $500 billion to $600 billion by 2028.

Options expiring Friday are valued at approximately $3.18 billion, with Bitcoin (BTC) options amounting to $2.7 billion. The put/call ratio stands at 0.81, and the maximum pain point is identified at $88,000. Ethereum (ETH) options total $459.5 million, with a put/call ratio of 1.08 and a maximum pain point of $3,100.

Options expiring on Friday are valued at approximately $3.18 billion, with Bitcoin options accounting for $2.7 billion. The put/call ratio stands at 0.81, and the maximum pain point is set at $88,000. Ethereum options total $459.5 million, with a put/call ratio of 1.08, and a maximum pain point of $3,100.