Platform That Made Its Mark on Solana Burns 36% of Altcoin Supply
The Solana-based meme coin platform Pump.fun has announced that it will burn $370 million worth of PUMP tokens, allocating half of its future revenue to a buyback program.
As one of the most popular platforms in the crypto world, Pump.fun has taken a massive step to enhance trust within the ecosystem and strengthen its tokenomics. The platform disclosed that it has destroyed PUMP tokens equivalent to about 36% of the circulating supply, stating that 50% of the net revenue generated in the upcoming period will similarly be used to buy tokens off the market.
This strategic move aims to alleviate uncertainty among investors and showcase a community-focused approach. The platform's co-founder, Alon Cohen, mentioned that previously all revenues were used for buybacks, but this ratio has now been reduced to 50%. According to Cohen, the remaining resources will be spent on 'big bets' and marketing efforts to ensure the platform's growth over the next decade.
Pump.fun to Use Revenues for Token Burn
Under the new program, revenues generated from services like PumpSwap and Terminal will automatically buy back PUMP tokens via smart contracts. Tokens collected in this process will be permanently removed from circulation. This way, the platform aims to both reduce supply and ensure the sustainability of the ecosystem.
Launched in January 2024 and quickly surpassing $1 billion in cumulative revenue on the Solana network, Pump.fun is expanding its vision. Cohen wants the platform to evolve from just a meme coin hub into a structure where all types of assets can be digitized. Following the news, the PUMP price gained 7.1% in the last 24 hours, reaching $0.0019.
Crypto Market Update (April 29): What's Happening with Bitcoin and Altcoins?
The crypto market kicked off the day with slight movements. The leading cryptocurrency Bitcoin is trading around $77,250 with a modest increase of 0.3%, which is approximately 3.48 million TL in Turkish Lira.
The largest altcoin, Ethereum, has seen a rise of 1.9%, climbing to $2,333. Looking at other major altcoins:
* BNB up 0.2% to $627 * XRP down 0.2% to $1.39 * Dogecoin up 1.9% to $0.10 * Solana up 0.7% to $84.8 * TRON down 0.6% to $0.32
Overall, the market presents a mixed but relatively calm picture.
🚀 The biggest gainer of the day is notably Fluent BLEND, skyrocketing over 125%. On the flip side, the biggest loser is ZEROBASE ZBT, which has plummeted by 23%.
On the macro front, the DXY (Dollar Index) is hovering around 98.72, indicating that the dollar maintains its strength in global markets.
⚠️ In the last 24 hours, the market has experienced a total liquidation of $227 million, affecting over 75,000 investors. Long positions accounted for 51% of the liquidations, with the heaviest impact felt on Ethereum.
Critical Week in the Crypto Market: Interest Rate Decision, Inflation Data, and Token Unlocking on the Agenda
The crypto markets are stepping into the new week with a heavy flow of data. Especially, the upcoming interest rate decision and inflation indicators from the US could set the direction for the entire market, particularly for Bitcoin and Ethereum.
📅 April 29, Wednesday – Interest Rate Decision to Watch
The most critical development of the week will be the interest rate decision announced by the Federal Reserve. Market expectations lean towards keeping the rate steady at 3.75%. If there’s no change in rates, we might see short-term relief in the markets; however, a surprise decision could lead to sharp movements in crypto assets.
📅 April 30, Thursday – Inflation Data to be Released
Core Personal Consumption Expenditures (PCE) data from the US are also on investors’ radar. The data is expected to be reported at 0.30% on a monthly basis and 3.00% on an annual basis, providing crucial insights into the trend of inflation. These figures are critical for the Federal Reserve’s future interest rate policy.
🔓 Token Unlockings Might Affect the Market
This week, several altcoins will experience token unlockings, resulting in an increase in supply:
* April 28: Aster * April 30: Optimism * May 1: Sui * May 2: Ethena
Such unlockings can create short-term selling pressure on the affected tokens due to the influx of new supply into the market.
General Outlook
Experts suggest that with the macroeconomic data set to be released this week and the token supply developments, increased volatility in the crypto market is expected. Investors need to closely monitor both global economic data and project-based developments.
Crypto market leader Bitcoin started moving again with the opening of the Asian markets.
The price shot up over $79k in a short time, exciting investors. However, this rally didn’t last long.
Bitcoin, once again approached the critical $80k level but failed to break through. Especially with recent buyers reaching their cost basis, selling pressure increased, and the price pulled back.
During the night, BTC climbed to $79,300, hitting a 12-week high, but then faced selling pressure and dropped to around $77,600. Thus, it couldn't surpass the $80k threshold that it has attempted to breach several times since January.
Justin Sun Backs Out, Donald Trump Takes the Stage Solo! What's happening behind the scenes in the crypto world is way more intense than what the charts are showing... At the event held at Mar-a-Lago in Florida, which is expected to be the peak of the memecoin frenzy, all eyes were on one name: Justin Sun. As one of the strongest players on the TRUMP token side, Sun's anticipated appearance had everyone buzzing, but his last-minute pullback has created a serious 'what's going on?' vibe in the market.
Advice from Binance Founder CZ: Outpace Institutional Giants with This Strategy
CZ, the founder of Binance, pointed out that despite the increase in institutional interest, there are still significant opportunities for individual investors in the Web3 world. CZ, one of the most influential figures in the crypto world and founder of Binance, made significant statements about the future of the sector during a live broadcast. Despite the influx of traditional finance giants and large capital into the sector, he emphasized that the doors are still wide open for ordinary people. According to CZ, the crypto industry has matured significantly over the last decade, but its share of global wealth is still at quite low levels. He mentioned that due to regulatory constraints, many fundamental financial activities have yet to be migrated to the blockchain, reminding us that this situation brings massive growth potential.
World's Largest Bitcoin Holder Saylor Announces: That Era in Crypto is Officially Closed
Michael Saylor, the founder of MicroStrategy, officially declared that the crypto winter has ended as Bitcoin price holds above the $78,000 level. Michael Saylor, the chairman of MicroStrategy, the largest publicly traded holder of Bitcoin (BTC) in the world, made an exciting statement for investors with the recent market surge. By adding another 13,927 Bitcoins (BTC) to his company's treasury, Saylor has increased their total holdings to 780,897. He shared a message on social media saying, 'The winter is over.' Saylor's optimistic stance reinforces his belief that the leading cryptocurrency has entered a new phase by breaking past the $78,000 mark.
Unprecedented Manipulation on Polymarket: Made $34K with a Hair Dryer
A trader manipulated the prediction market on Polymarket by heating the weather sensor in Paris with a hair dryer, netting an unfair profit of around $34,000. As the crypto world continues to witness intriguing events, a physical manipulation carried out on the prediction platform Polymarket has come to light. According to reports from Le Monde, a user directly influenced the weather data in Paris, reaping thousands of dollars in gains.
Eric Trump's Mining Company Shifts Gears: 11,000 Device Move Boosts Shares
American Bitcoin (ABTC), co-founded by Eric Trump, has seen a strong surge in the market after announcing a 12% increase in its production capacity. As competition intensifies in the crypto mining sector, Eric Trump's backed American Bitcoin has made a strategic growth move. The company officially announced the deployment of thousands of new mining devices to boost its operational power. This development has elevated both the company's production potential and the value of its stock in the market.
Critical Preparations from Ripple for XRP: A 4-Phase Plan Lasting Until 2028
Ripple has announced a four-phase roadmap aimed at protecting the XRP Ledger (XRPL) network against security threats posed by quantum computers, which are expected to be completed by 2028. As technological developments in the cryptocurrency world continue unabated, quantum computers, seen as one of the biggest threats of the future, remain a topic of discussion. Financial technology giant Ripple has announced that it is preparing a comprehensive defense plan for the popular blockchain network XRP Ledger. With this move, the company aims to secure digital assets until the period known as "Q-day," when quantum attacks are anticipated to begin.
Binance Margin Listing: New Pairs Added for 5 Altcoins!
The world's largest cryptocurrency exchange, Binance, has announced that it has activated support for five new trading pairs on the margin side. Binance will open new margin trading pairs for 币安人生, ENJ (ENJ), GIGGLE (GIGGLE), and ORDI (ORDI) to its users. According to the announcement made by Binance, users will be able to conduct cross margin transactions on the trading pairs 币安人生/U, 币安人生/USD1, ENJ/U, GIGGLE/U, and ORDI/U starting from April 21, 2026, at 11:00 (TSI). New trading pairs will only be listed under cross margin.
Binance Founder CZ Shared His Darkest Days: A Lifesaving Move for Those Who Hit Rock Bottom
Binance founder Changpeng Zhao emphasized the importance of continuing to move forward instead of giving up during the toughest times in life and changing habits when necessary. Changpeng Zhao (CZ), one of the leading figures in the cryptocurrency sector, shared his experiences on how to act during moments of 'hitting rock bottom' through his personal social media account. The founder of Binance guided his followers by explaining how he coped with the immense pressures he faced in both his professional and personal life.
Crisis Before the CLARITY Act: Banks Take a Stand Against Crypto!
As the countdown continues for the CLARITY Act, which could fundamentally change the crypto market in the US, there has been significant movement on the banking side. Recent information, in particular, clearly shows that traditional finance is not very pleased with this law.
According to details shared by journalist Eleanor Terrett, banks, especially those based in North Carolina, have started to directly intervene in stablecoin yields in the US. So the situation is not just about watching — they are actively trying to steer it.
Hyperliquid Founder Explained: The Secret of Great Success is Hidden in This Failure of 2018
Hyperliquid founder Jeff Yan shared the lessons he learned from his past failed ventures and the importance of product-market fit in the cryptocurrency market during an interview he participated in. Jeff Yan, one of the leading figures in the cryptocurrency world, made candid statements about the early years of his career during a program he attended. While discussing the prediction market project he launched in 2018 but did not achieve the success he expected, Yan emphasized that an idea is just the beginning and the real challenge is to bring that idea to users.
The Prices of These 3 Altcoins are Crashing with Binance: They Will Be Completely Delisted!
The world's largest cryptocurrency exchange, Binance, announced that it will terminate all trading for 3 altcoins and completely delist them. According to the official announcement made by Binance, as a result of the latest evaluations, Dego Finance (DEGO), DENT (DENT), and TrueFi (TRU) will be completely removed from the exchange. Accordingly, all spot trading pairs of these cryptocurrencies will be deleted from the Binance platform as of April 28, 2026, at 06:00 AM (UTC). In this context, DEGO, DENT, and TRU trading pairs will be delisted. All open orders will be automatically canceled when trading ends. Additionally, Binance will suspend deposits for the other two tokens as of April 29, 2026, at 06:00 AM (UTC), and withdrawals will not be supported after June 29, 2026, at 06:00 AM (UTC). Specifically for TRU, deposits from the Ethereum (ERC20) network will be suspended after April 28, 2026, at 06:00 AM (UTC).
Manipulation Alarm in Cryptocurrency Giants: Only 1% of 150 Protocols Share the Truth
A new report examining the transparency level of cryptocurrency projects shows that secret agreements between protocols and market makers increase the risk of manipulation. As the cryptocurrency ecosystem expands, the question of how honest projects are with their investors has begun to be asked more loudly. A recent study conducted by Novora, examining the top 150 protocols by market value, has reached striking results. The research proves that while projects present their revenues transparently, they maintain the mystery of critical operations behind the scenes.
Radical Move from Trump-Backed Project: Locks Are Opening for 62 Billion Tokens, 4.5 Billion Are Burned
Trump-backed World Liberty Financial has made a new proposal to unlock 62 billion WLFI tokens following discussions about a $75 million loan. World Liberty Financial (WLFI), supported by Donald Trump and his family, is making a radical change for the project's management tokens. Following the credit discussions that emerged last week, the team has proposed to unlock 62.3 billion WLFI tokens, which were previously stated to remain locked indefinitely. This move could fundamentally change the project's economic structure and investor expectations.
Bitwise's Groundbreaking Bitcoin Report: $1 Million is No Longer the Maximum, It's the Floor.
Bitwise analysts argue that global geopolitical tensions are driving up the price of Bitcoin (BTC), suggesting that the $1 million level may now be a floor rather than a ceiling. The cryptocurrency market is exhibiting remarkable performance, diverging from traditional assets in the shadow of conflicts in the Middle East. A new report published by asset management company Bitwise reveals that the price of Bitcoin (BTC) has gained 12 percent since the start of tensions with Iran. The simultaneous decline in stock markets and gold demonstrates that the leading cryptocurrency has broken free from its "risky asset" perception and become a safe haven. Bitwise Investment Manager Matt Hougan and Research Director Ryan Rasmussen describe the chaos as a stepping stone. Analysts state that the fragmentation in the global financial system is increasing demand for neutral currencies not tied to any state. This strengthens the potential for Bitcoin (BTC) to be not only digital gold but also a means of payment in international trade. Bitcoin Launches a New Era in Global Trade Experts emphasize that the use of financial infrastructures as weapons is pushing countries to seek alternative systems. The process, particularly the removal of Russia from the SWIFT system, weakened the dominance of the dollar while paving the way for non-systemic tools like Bitcoin (BTC). Iran's experimentation with cryptocurrencies for oil transportation payments is seen as one of the most concrete pieces of evidence that this asset is evolving as a protective shield against geopolitical crises. Bitwise, considering these developments as a financial option, has updated its expectations for the Bitcoin (BTC) price upwards. The company predicts that if the asset is accepted as both a store of value and a commercial settlement unit, the $1 million level will be a starting point, not an upper limit. With military activity in the Middle East and inflation data from the US, the Bitcoin (BTC) price continues to maintain its strength, retesting the $74,000 level. $BTC $ETH $ASTER