NewsBriefs - Raydium launches LaunchLab, a token launchpad rivaling pump.fun

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  • Blockworks

    Raydium launches LaunchLab, a token launchpad rivaling pump.fun

    Raydium, a Solana DEX and automated market maker, is unveiling LaunchLab, a token launchpad that mirrors functionalities of pump.fun. This strategic move follows the severance of an unofficial partnership with pump.fun, which recently developed its own AMM. LaunchLab will feature various bonding curves and allow third-party UIs to determine their own fees. The platform is part of Raydium's broader initiative to provide a suite of token creation tools, targeting users and teams seeking alternatives to developing their own solutions. Despite previous financial setbacks, Raydium persists with significant reserves to fund such innovative endeavors.

  • Latest


    • The Block

      Murano Global Investments pursues Bitcoin treasury strategy with $500 million equity deal

      Murano Global Investments, a Nasdaq-listed company focusing on Mexican hotels and resorts, has announced a bitcoin treasury strategy to enhance capital efficiency and liquidity using operating cash flows, real estate assets, and capital market access. The company has entered a Standby Equity Purchase Agreement with Yorkville to secure up to $500 million, mainly for bitcoin acquisition, reinforcing the balance sheet against inflation and systemic risks. Murano has also joined the Bitcoin for Corporations alliance to support corporate bitcoin adoption and is exploring additional initiatives like accepting bitcoin payments and bitcoin reward programs.

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    • The Block

      Pump.fun sets July 12 date for PUMP token sale

      Pump.fun, a Solana-based platform for creating meme coins, is set to list its new PUMP token on Gate exchange with a sale beginning on July 12. The sale, scheduled to last 72 hours, will offer 150 billion tokens at $0.04 each in USDT with 15% of the total 1 trillion token supply available. Pump.fun, experiencing significant trading activity on Solana, has until now generated approximately $700 million in cumulative revenue since its inception. The upcoming token sale could potentially implement a revenue-sharing feature for token holders.

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    • The Block

      Paradigm leads $11.5 million funding round for Kuru Labs to develop decentralized exchange

      Paradigm has led a Series A funding of $11.5 million for Kuru Labs, which is constructing a decentralized exchange using a hybrid model combining automated market maker (AMM) and central limit order book (CLOB) functionalities on the Monad Layer 1, Ethereum-compatible platform. This architecture merges traditional and crypto exchange features, offering liquidity and enabling placement of limit orders.

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    • The Block

      CoreWeave to acquire Core Scientific in $9 billion deal strengthening US data-center capabilities

      CoreWeave has agreed to acquire bitcoin miner Core Scientific in a $9 billion all-stock transaction, providing CoreWeave over a gigawatt of US data-center power for scaling artificial intelligence operations. Core Scientific shareholders will receive 0.1235 CoreWeave Class A shares per Core Scientific share, valuing each share at about $20.40. The deal, expected to close in Q4 2025, comes after Core Scientific filed for Chapter 11 bankruptcy in 2022 and will result in Core Scientific shareholders owning less than 10% of the new entity.

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    • Decrypt

      SEC pauses Grayscale ETF trading approval, citing regulatory concerns

      Grayscale expressed surprise at the SEC's decision to pause the approval of its Digital Large Cap Fund ETF, which includes cryptocurrencies like Bitcoin, Ethereum, Solana, XRP, and Cardano. This action reflects an evolving regulatory environment. Despite the setback, Grayscale remains committed to launching its product as an exchange-traded fund and is actively working with stakeholders to fulfill all regulatory prerequisites.

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    • Bitcoin Sistemi

      KBC to offer Bitcoin and Ethereum purchasing options this fall

      KBC, a leading Belgian financial institution, is set to offer Bitcoin (BTC) and Ethereum (ETH) purchasing options through its Bolero investment platform beginning this fall. This makes KBC the first major bank in Belgium to integrate direct crypto transactions. The bank is currently undergoing regulatory processes to become an official crypto asset service provider. Initiatives for user education and secure transaction platforms are highlighted as part of their forthcoming services.

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    • The Block

      BlackRock's Bitcoin ETF surpasses its S&P 500 fund in revenue

      BlackRock's iShares Bitcoin ETF (IBIT) generates more revenue than its $624 billion iShares Core S&P 500 ETF (IVV), primarily due to a higher expense ratio. Despite being significantly smaller in size with $70 billion in assets, IBIT earns slightly more through its 0.25% expense ratio compared to the 0.03% charged by the S&P 500 ETF. The increase in IBIT's assets under management reflects growing investor interest in Bitcoin and supports the trend of higher fees for niche crypto exposures.

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    • The Block

      Standard Chartered projects bitcoin to hit $200K by year-end, driven by ETFs and corporate demand

      Standard Chartered predicts significant gains for Bitcoin, foreseeing a potential rise to $200,000 by the end of 2025, propelled by increased ETF inflows, corporate treasury investments, and favorable policy conditions. The bank's outlook, influenced by current and projected ETF purchases and strategic corporate buying, could outpace previous buying records set by firms like Strategy and boost Bitcoin's price to unprecedented levels.

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    • Bloomberg

      Binance maintains Singapore-based staff amid new crypto regulations

      Despite stringent regulations by the Monetary Authority of Singapore requiring unlicensed crypto operators to cease activities by June 30, Binance plans to keep its hundreds of remote workers in Singapore. The new regulations are said to have minimal impact on Binance's operations in the region as these employees mainly engage in non-client-facing roles such as compliance and technology. Binance has emphasized a remote-first working strategy and does not solicit customers in Singapore, aligning with the local regulatory frameworks.

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    • Cointelegraph

      Paxos launches MiCA-compliant Global Dollar stablecoin in the EU

      Paxos has launched its Global Dollar (USDG) stablecoin in the European Union, ensuring compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) and oversight from both the Finnish Financial Supervisory Authority and Singapore's central bank. The stablecoin, available through partners such as Kraken and Gate, is part of a broader push into European markets, aligning with MiCA norms including reserve requirements and audit protocols. The launch is supported by the Global Dollar Network, an infrastructure project backed by financial and fintech giants like Kraken, Robinhood, and Mastercard.

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    • The Block

      Strategy acquires 4,980 more bitcoins, expands portfolio to 597,325 BTC

      Strategy recently purchased 4,980 bitcoins for about $531.9 million, increasing its total holdings to 597,325 BTC, valued over $64 billion. The funds for the latest acquisition came from ATM sales of its various stocks including MSTR, STRK, and STRF preferred shares. With this addition, Strategy's BTC totals more than 2.8% of the total circulating supply, reflecting significant paper gains. The company leverages its '42/42' capital raise plan aiming for extensive BTC acquisitions by 2027.

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    • The Block

      Metaplanet surpasses Tesla with a new bitcoin purchase, becoming seventh-largest corporate holder

      Metaplanet, a Japanese investment firm, has purchased an additional 1,234 BTC for approximately $132.7 million, raising its total holdings to 12,345 BTC. With this acquisition, Metaplanet's holdings are valued at about $1.3 billion and the company now ranks as the seventh-largest publicly listed corporate holder of bitcoin, surpassing Tesla. The purchase followed a recent $515 million fundraising aimed to expand its bitcoin portfolio as part of its plan to secure 1% of bitcoin's supply.

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    • The Block

      Invesco and Galaxy propose Solana ETF in new SEC filing

      Invesco and Galaxy Digital have submitted a registration statement for a Solana ETF named 'Invesco Galaxy Solana ETF' to the US Securities and Exchange Commission. The ETF, set to trade under the ticker 'QSOL' on Cboe BZX if approved, will have Invesco Capital Management as the sponsor, with Galaxy Digital handling token acquisition and Bank of New York Mellon as the administrator. Coinbase Custody Trust Company will act as custodian for the Solana tokens.

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    • The Block

      Bernstein increases Coinbase price target to $510, citing growth and market strength

      Bernstein has raised its price target for Coinbase to $510, up from $310, attributing the increase to enhanced earnings forecasts, emerging growth avenues, and a new valuation approach. Coinbase, which is part of the S&P 500 index, benefits from its diversified services including US crypto trading leadership, custody for most Bitcoin ETFs, and its involvement in Base, Ethereum's growing Layer 2 system. The firm's recent agreements, like acquiring Deribit and earning from USDC transactions, align with US crypto legislation, predicting significant revenue growth. Despite competitive pressures, Coinbase maintains its market share and pricing, with projected revenues of $9.5 billion by 2025 and gains in profitability leading to higher earnings per share estimates.

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    • Grayscale

      Grayscale launches Space and Time Trust to invest in blockchain data convergence

      Grayscale introduced the Grayscale Space and Time Trust, targeting investments in the Space and Time blockchain which addresses blockchain's computational limits. Space and Time integrates blockchain reliability with high-performance data capabilities to support Web 3.0 and AI, providing scalable, transparent data access. The trust allows accredited investors to gain exposure to SXT tokens, which support network security and data transactions, supporting crucial verifiability and auditability for decentralized finance and AI.

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