Latest Crypto News & Market Updates

Pump.fun burns $370M - Can 36% supply cut sustain PUMPs rally?

Tech　　Pump.fun burns $370M – Can 36% supply cut sustain PUMPs rally？　　After a period of heavy issuance and fading trust, Pump.fun [PUMP] moved to reset its token structure through an aggressive burn. The platform removed about $370 million worth of $PUMP, equal to roughly 36% of the circulating supply, cutting the float to nearly 590 billion tokens.　　Source: X　　This shift was made to rebuild confidence and reduce excess supply that weighed on price. As tokens were permanently removed, selling pressure eased and scarcity increased. To reinforce this, the team committed 50% of future revenue to ongoing buyback and burn cycles.　　This creates a controlled supply model. However, without strong user activity and trading demand, the impact may fade, leaving price reliant on ecosystem growth rather than supply reduction alone.　　Revenue-driven buybacks sustain deflationary pressure　　After a large burn reset the supply, Pump.fun moved to sustain pressure through a continuous buyback system. The protocol now routes 50% of revenue into automated $PUMP purchases, which are immediately burned.　　Moreover, one-time burns have only short-lived effects, while recurring demand helps stabilize prices. With daily revenue often exceeding $1 million, roughly $500k consistently flows into steady market buying.　　Source: X　　This creates a feedback loop where activity drives demand and scarcity. However,

04-30Industry

UN maritime agency rejects Irans toll plan for Strait of Hormuz shipping

The UN maritime agency has dismissed Irans plan to impose tolls on ships passing through the Strait of Hormuz, citing no legal basis. Strait of Hormuz traffic normalization by April 30 sits at 0% YES, with one day left before market resolution.　　Market reaction　　This decision pressures Irans control over the Strait, through which roughly a fifth of global oil passes. With just one day until the market resolves, odds for traffic normalization by April 30 remain at the floor. Traders are pricing in continued restrictions and toll impositions regardless of international pushback.　　Why it matters　　Volume on this market is minimal, with no USDC traded in the past 24 hours. The order book depth is untested, which means any sudden entry by large players could cause sharp price swings. The lack of activity signals that most participants have already written off the April 30 deadline.　　What to watch　　The UN‘s ruling challenges Iran’s position but doesnt compel compliance or operational change. At 22¢, a YES share would pay out substantially if traffic normalized by April 30. That bet requires believing in immediate enforcement action from the US, EU, or another major power, or a sudden Iranian policy reversal, neither of which appears imminent.　　Watch for announcements

04-30Industry

BNB Price Prediction: $680-$740 Target by June as Smart Money Accumulates

Market Context: Why BNB is Moving Now　　BNB has locked into a tight consolidation between $600 support and $650 resistance thats been tested relentlessly since early April. The token trades just above its 20-day moving average at $624.78, while sitting 22% below the 200-day at $803.67 – a discount that has attracted serious institutional attention.　　The exchange token benefits from genuine utility backing through Binances dominant trading volumes and improving regulatory landscape. Unlike speculative altcoins, BNB generates real revenue through fee burns and ecosystem growth, providing fundamental support that most tokens lack.　　Futures open interest exceeding $340 million demonstrates sustained institutional engagement. The smart money positioning becomes clear when examining derivatives flows – while retail selling creates surface volatility, institutional wallets continue accumulating at these levels.　　Technical Picture Converging　　The setup screams impending breakout. RSI sits neutral at 50.35 while MACD has flattened to zero, creating the tension that precedes major moves. BNB trades within compressed Bollinger Bands at 0.52, well below upper resistance at $650.17 but maintaining position above the middle band.　　Daily ATR of $14.91 shows volatility compression reaching extreme levels. Markets hate vacuums – this coiling action typically explodes into directional moves exceeding 15-20% within weeks.　　The derivatives puzzle reveals the real story. Top

04-30Industry

Nigel Farage faces standards probe over $6.7 million gift from Tether billionaire Christopher Harborne

Reform UK leader Nigel Farage received about £5 million (around $6.7 million) from crypto billionaire Christopher Harborne before announcing his run for the Clacton seat in 2024, The Guardian reported Wednesday.　　The Conservatives have referred him to the Parliamentary Standards Commissioner, while Labour has also accused him of breaking House of Commons rules.　　Farage confirmed the gift in an interview with the Daily Telegraph, saying it was meant to keep him “safe and secure for the rest of my life” after a milkshake was thrown at him in 2019 and a firebomb attack on his home last year.　　Harborne, a Thailand-based businessman with a 12% stake in stablecoin issuer Tether, made the payment in 2024. Farage announced his Clacton candidacy in early June last year and won the seat in July.　　A Reform UK spokesman called the payment a “personal unconditional gift” given before Farage was elected and said his decision to stand as an MP was “entirely unrelated.”　　The spokesman, the report added, said “We are confident everything has been declared in accordance with the rules.”　　The Commons code of conduct requires new MPs to register benefits received in the 12 months before their election, and says any benefit should be registered if there is

04-30Industry

Pump.fun burns $370M - Can 36% supply cut sustain PUMPs rally?

Tech　　Pump.fun burns $370M – Can 36% supply cut sustain PUMPs rally？　　After a period of heavy issuance and fading trust, Pump.fun [PUMP] moved to reset its token structure through an aggressive burn. The platform removed about $370 million worth of $PUMP, equal to roughly 36% of the circulating supply, cutting the float to nearly 590 billion tokens.　　Source: X　　This shift was made to rebuild confidence and reduce excess supply that weighed on price. As tokens were permanently removed, selling pressure eased and scarcity increased. To reinforce this, the team committed 50% of future revenue to ongoing buyback and burn cycles.　　This creates a controlled supply model. However, without strong user activity and trading demand, the impact may fade, leaving price reliant on ecosystem growth rather than supply reduction alone.　　Revenue-driven buybacks sustain deflationary pressure　　After a large burn reset the supply, Pump.fun moved to sustain pressure through a continuous buyback system. The protocol now routes 50% of revenue into automated $PUMP purchases, which are immediately burned.　　Moreover, one-time burns have only short-lived effects, while recurring demand helps stabilize prices. With daily revenue often exceeding $1 million, roughly $500k consistently flows into steady market buying.　　Source: X　　This creates a feedback loop where activity drives demand and scarcity. However,

04-30Industry

Miko Matsumura: No More Crypto Wild West, This Cycle Will Reward Different Behavior

BeInCryptos Jakub Dziadkowiec talks with Miko Matsumura at NBX 2026, Warsaw, PolandThis Bear Market Is Not Like the Last One　　Miko Matsumura describes himself as a net accumulator and welcomes lower prices. However, he cautioned that the next leg up will not reward yesterdays tactics.　　“I don‘t think this is like any other previous bear market because of the change of the phase from the frontier phase into the traditional phase. People won’t be rewarded for doing exactly the same thing they did last time.”　　He was blunt about meme coin speculation as a path to riches.　　“I don‘t think it’s going to be like, oh, just go and build another meme coin and then, you know, you‘ll be rich. Like, it’s not going to be like that.”　　He emphasized that the deepest stretches of a bear market typically reward the highest-conviction builders. New entrants and tighter rules will reshape what counts as a winning strategy this cycle.　　Where the Opportunity Goes Next　　Meanwhile, Miko Matsumura pointed to high-growth economies in Latin America and Nigeria as the new frontier for crypto. Solo founders using AI tools to keep burn rates low also stand out, he added.　　“You need to continue building in the bear market, but you really

04-30Industry

UN maritime agency rejects Irans toll plan for Strait of Hormuz shipping

Tech　　UN maritime agency rejects Irans toll plan for Strait of Hormuz shipping　　The UN maritime agency has dismissed Irans plan to impose tolls on ships passing through the Strait of Hormuz, citing no legal basis. Strait of Hormuz traffic normalization by April 30 sits at 0% YES, with one day left before market resolution.　　Market reaction　　This decision pressures Irans control over the Strait, through which roughly a fifth of global oil passes. With just one day until the market resolves, odds for traffic normalization by April 30 remain at the floor. Traders are pricing in continued restrictions and toll impositions regardless of international pushback.　　Why it matters　　Volume on this market is minimal, with no USDC traded in the past 24 hours. The order book depth is untested, which means any sudden entry by large players could cause sharp price swings. The lack of activity signals that most participants have already written off the April 30 deadline.　　What to watch　　The UN‘s ruling challenges Iran’s position but doesnt compel compliance or operational change. At 22¢, a YES share would pay out substantially if traffic normalized by April 30. That bet requires believing in immediate enforcement action from the US, EU, or another major power, or a

04-30Industry

Nigel Farage faces standards probe over $6.7 million gift from Tether billionaire Christopher Harborne

Reform UK leader Nigel Farage received about £5 million (around $6.7 million) from crypto billionaire Christopher Harborne before announcing his run for the Clacton seat in 2024, The Guardian reported Wednesday.　　The Conservatives have referred him to the Parliamentary Standards Commissioner, while Labour has also accused him of breaking House of Commons rules.　　Farage confirmed the gift in an interview with the Daily Telegraph, saying it was meant to keep him “safe and secure for the rest of my life” after a milkshake was thrown at him in 2019 and a firebomb attack on his home last year.　　Harborne, a Thailand-based businessman with a 12% stake in stablecoin issuer Tether, made the payment in 2024. Farage announced his Clacton candidacy in early June last year and won the seat in July.　　A Reform UK spokesman called the payment a “personal unconditional gift” given before Farage was elected and said his decision to stand as an MP was “entirely unrelated.”　　The spokesman, the report added, said “We are confident everything has been declared in accordance with the rules.”　　The Commons code of conduct requires new MPs to register benefits received in the 12 months before their election, and says any benefit should be registered if there is

04-30Industry

Japanese Yen gathers strength amid intervention fears

The USD/JPY pair loses traction to around 160.25 during the Asian trading hours on Thursday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) amid intervention fears from Japanese authorities. Traders await the preliminary reading of the US Gross Domestic Product (GDP) for the first quarter (Q1) and the Personal Consumption Expenditures (PCE) Price Index inflation report for March, which are due later on Thursday.　　The Bank of Japan (BoJ) decided to leave interest rates unchanged at 0.75% on Tuesday, as widely expected. Governor Kazuo Ueda signaled readiness to raise rates to fight broader inflation, but the JPY barely moved.　　“I dont expect the situation of negative real interest rates to change,” said Sho Suzuki, market analyst at Matsui Securities in Tokyo. “So I believe there is a high likelihood that the yen will remain weak,” he added.　　While no formal intervention has been confirmed this week, Japanese officials are on high alert for currency intervention as the Japanese Yen hovers near the critical level. Japanese Finance Minister Satsuki Katayama highlighted a “high sense of urgency” regarding speculative and weak-JPY moves driven by Middle East tensions.　　On the USDs front, the US Federal Reserve (Fed) on Wednesday held the interest rates in

04-30Industry

ETH Price Prediction: $3,500 Target Emerges as Technical Setup Strengthens

Market Context: ETH Finds Its Footing　　Ethereum has carved out solid support above the $2,300 level, creating a foundation that looks increasingly robust as institutional interest continues to build. At $2,325, ETH sits in a position where technical momentum is beginning to align with fundamental demand drivers that have been quietly accumulating strength over recent months.　　The 2.06% daily gain reflects more than just short-term price action—it represents the market‘s growing confidence in ETH’s ability to hold key support levels while building toward the next significant move higher. Analysts at Blockchain.news have been tracking similar accumulation patterns that often precede substantial breakouts in major cryptocurrencies.　　Technical Picture Shows Building Momentum　　The indicator complex reveals a market thats finding its equilibrium after recent volatility. RSI positioning in neutral territory suggests plenty of room for upward movement without triggering overbought conditions, while momentum oscillators have reset to levels that historically support sustained rallies.　　Ethereums price action around the 20-day moving average at $2,321 demonstrates healthy consolidation behavior. The Bollinger Band structure provides a clear framework for the next move, with enough bandwidth to accommodate a meaningful advance toward key resistance zones.　　Derivatives data adds another layer of conviction to the bullish thesis. Open interest expansion of 2.92% to

04-30Ethereum