Latest news with #Blockworks
Business Wire
5 days ago
- Business
- Business Wire
Core Leads Bitcoin Track at Permissionless IV Amid Growing Institutional Interest
SINGAPORE--(BUSINESS WIRE)-- The Core Foundation, the entity powering Core, the leading Bitcoin scaling protocol, is set to present the most exciting Bitcoin track at Permissionless IV, one of the industry's largest builder and developer gatherings, taking place June 24–26. As institutional and developer interest in Bitcoin-based applications grows, Core is anchoring key conversations on Bitcoin's expanding financial use cases, through curated panels, fireside chats, and community showcases. Bitcoin Track Curated by Core On June 24 at Permissionless IV, there will be a dedicated Bitcoin Track presented by Core, spotlighting key voices driving the next chapter of Bitcoin, from DeFi and credit markets to scaling debates and infrastructure design. The afternoon kicks off with 'Bitcoin DeFi: Making BTC a Productive Asset' (1:30–2:10pm), a deep dive into structured yield and Bitcoin-native credit markets. Speakers include Darren Mims (Blockworks Research), Sid Powell (Maple), Brendon Sedo (Core), Jacob Phillips (Lombard), and MacLane Wilkison (Threshold Network), who explore how institutional appetite for BTC as collateral is evolving. Next up, from 2:10–2:30pm, 'How Should Bitcoin Scale?' pits different approaches against each other in a lively debate featuring Simanta Gautam (Alpen Labs), Willem Schroe (Botanix), and Macauley Peterson (Blockworks). At 2:30pm, Pete Rizzo (Blockworks) moderates 'Where to Build in the Bitcoin Network,' a conversation with Rich Rines (Core), Jeff Garzik (Hemi), and Muneeb Ali (Stacks) on how to approach L2s, smart contract layers, and modular execution on Bitcoin. From 3:10–3:30pm, the spotlight shifts to energy and infrastructure in 'Bitcoin & The Energy to Compute Value Chain' with Meltem Demirors (Crucible) and Michael Bucella (Neoclassic Capital). The day wraps up with a technical session at 3:30pm: 'The Core Dev's Guide to Bitcoin Network Upgrades,' led by Hunter Beast (Anduro), Jeremy Rubin (Judica), and William Foxley (Blockspace Media), offering a look at the mechanics and trade-offs behind proposed improvements to the Bitcoin base layer. On June 25 from 11:50am–12:10pm, Rich Rines, Initial contributor at Core, will deliver a main stage keynote titled 'The PoS Layer for Bitcoin'. He will outline how Core's infrastructure enables native Bitcoin staking while preserving the security guarantees of Bitcoin's base layer. The Bitcoin Yield House: A Dedicated Bitcoin Lounge In addition to the mainstage programming, Core will host its own Bitcoin Yield House to foster more intimate dialogue and networking across the Bitcoin ecosystem: June 25 2:00pm: Fireside: lstBTC & Institutional Bitcoin Adoption 3:00pm: Fireside: Why the Next Capital Supercycle Starts with Bitcoin? June 26 2:00pm: Panel: Activating Retail Through BTCfi Ecosystem 3:00pm: Fireside: The Rise of BTCfi as a Bitcoin Everything Chain. Each day's sessions are preceded by dedicated mingle hours to foster informal conversation and ecosystem connections. Permissionless is the right forum to highlight how builders and institutions are activating Bitcoin in new ways, from dual staking to Bitcoin yield strategies. With discussions touching on Bitcoin's evolving role, the 2025 edition of Permissionless underscores a renewed industry focus on Bitcoin-native innovation, and Core's central role in that discussion. About Core Core is the leading Bitcoin scaling solution, transforming idle Bitcoin into a productive, yield-generating asset that powers Bitcoin DeFi at scale. Core's Self-Custodial Bitcoin Staking allows holders to timelock Bitcoin directly on the Bitcoin blockchain to earn rewards, without taking on new risk. This trustless yield mechanism helps to secure the high-performance, EVM-compatible Core blockchain, where users can access an expanding universe of Bitcoin-focused decentralized applications. Core powers first-of-their-kind products like Valour's yield-bearing Bitcoin ETP and lstBTC, the first liquid, yield-generating Bitcoin asset. The network supports over $500M in DeFi TVL, backed by 7,000+ timelocked Bitcoin and ~75% of Bitcoin mining hash power. Permissionless
Yahoo
11-06-2025
- Business
- Yahoo
SOL Jumps 5% on Report of Spot ETF Development
Solana's SOL token surged 5% after a report revealed that U.S. regulators are advancing the process for spot SOL ETFs. The SEC has requested amendments to S-1 filings from prospective issuers, with comments expected within 30 days, according to the Blockworks report. CoinDesk's Jennifer Sanasie breaks it down on 'Chart of the Day,' presented by Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
SOL Jumps 5% on Report of Spot ETF Development
Solana's SOL token surged 5% after a report revealed that U.S. regulators are advancing the process for spot SOL ETFs. The SEC has requested amendments to S-1 filings from prospective issuers, with comments expected within 30 days, according to the Blockworks report. CoinDesk's Jennifer Sanasie breaks it down on 'Chart of the Day,' presented by Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Top Pump.Fun Ecosystem Tokens Tumble Amid Reports of $1B Fundraise
Fart-powered joke tokens suddenly weren't so funny for crypto traders on Tuesday. A basket of the largest ecosystem tokens faded from recent highs after Blockworks reported the Solana-based launchpad is pitching a $1 billion token sale that would value the project at roughly $4 billion. Sources told Blockworks the sale could close within weeks, though details on tokenomics remain launched on the platform slipped amid the news. Fartcoin (FARTCOIN), the largest Pump-launched token by market capitalization, dropped 7%. Peanut the Squirrel (PNUT), Moo Deng (MOODENG) and Goatseus Maximus (GOAT) gave back as much as 6%, while Alchemist AI (ALCH) — the big gainer on Monday — flipped red after an early 25% pop. The moves wiped about $150 million in aggregate value, trimming but not erasing the sector's outsized weekly gains. A billion-dollar raise means a new Pump token and, potentially, a fresh supply. Even if the deal channels cash back to users later, traders worry about a flood of 'farm-and-dump' flows hitting the very memecoins the platform helped create. Deeper concerns, however, spread across crypto circles on X as developers and traders questioned the need of a mammoth fundraise. 'Why does pump need to raise 1bn tho? how is it gonna invest that for growth if it already has made 675m and hasnt spent that either what are they planning to do with 1bn?,' DeFiLlama founder @0xngmi wrote. 'The Pump guys went through an accelerator, raised a small round, then proceeded to make almost a BILLION in revenue in 1 year and got a 4B valuation to raise another 1B,' said Mert Mumtaz, founder at Helius, 'Those are simply insane numbers in an insane amount of time.' Only three weeks ago tried to sweeten the pot users looking to issue tokens using the platform by handing 50% of PumpSwap fees — or five basis points of every trade — straight to token creators. At the time, founder Alon Cohen pitched the change as a way to eliminate rinse-and-dump behavior: If developers earn recurring fees, they don't have to dump their own coin on the community. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
04-06-2025
- Business
- Business Times
Memecoin platform Pump.fun pursues US$1 billion token sale
[NEW YORK] A platform dedicated to highly speculative cryptoassets is planning to raise US$1 billion by selling tokens, taking advantage of the current wave of positive sentiment buoying digital-asset markets. which has been compared to the edgy 4chan social media network, allows users to quickly create, promote and sell memecoins, a type of token often associated with jokes and memes and sometimes with celebrities and US presidents. The platform, which is based on the Solana blockchain, is still in the early stages of the raise, according to a source familiar with the plans who asked not to be named, discussing private company information. Blockworks first reported on the fundraising effort. If successful, the raise would rank among the largest this year involving crypto firms, trailing only MGX's US$2 billion investment in Binance. Venture capital investment in the sector slowed in the first quarter of 2025 even as a friendlier environment for digital assets emerged in the US under President Donald Trump. Memecoins debuted by Trump and his wife Melania in January have drawn scrutiny in the US, with Democrats calling for an investigation into a dinner put on for top holders of the president's token. In May, Senator Richard Blumenthal of Connecticut, the top Democrat on the Permanent Subcommittee on Investigations, sent letters to Trump-affiliated crypto project World Liberty Financial as well as Fight, Fight, Fight, LLC – which launched his memecoin – seeking information and raising concerns over conflicts of interest. Attorneys for World Liberty pushed back against those claims. has been one of the biggest drivers of the explosive growth in memecoins and the attendant burst in activity on the Solana blockchain in the past year. Retail and professional investors alike have poured billions of US dollars into the sector, and their quest for quick profits has led to lucrative fee streams for founders. Alon Cohen, co-founder of did not immediately respond to a request for comment. Cohen had previously sought to dismiss rumours about a potential token. Memecoins have been at the centre of political controversies in other countries, too. Argentina President Javier Milei publicly promoted a token named Libra in February ahead of a sharp rise and fall in its price. In May, Milei dismantled a task force created to probe allegations of irregularities around that incident. BLOOMBERG
