Pump.fun Plans $1 Billion Token Launch at $4 Billion Valuation

Pump.fun is preparing a $1 billion token sale at a $4 billion valuation, according to multiple sources cited by Blockworks. The meme coin platform, which exploded in popularity on Solana, plans to sell the token to both public and private investors.

The exact date and launch platform remain undisclosed, but a social media post hinted the drop could arrive within two weeks. The token will mark Pump's first formal capital raise since driving over $700 million in revenue and nearly 11 million token launches.

In March, the platform dropped launchpad fees and debuted its own AMM, PumpSwap, severing ties with Raydium. “You didn’t perhaps think something materially changed… like, idk, they zeroed out launchpad fees,” one user quipped in response to falling revenue charts.

Pump.fun has also relaunched its live-streaming feature after a moderation hiatus, further deepening its creator-centric offerings. Amid heated competition from Raydium’s rival LaunchLab, Pump is betting its native token will lock in its grip on the meme coin boom.

JPMorgan Expands Crypto Lending to Bitcoin ETF Clients

JPMorgan is preparing to allow clients to use crypto holdings as collateral for loans tied to Bitcoin ETFs, Bloomberg reported Wednesday. The change includes funds like BlackRock's iShares Bitcoin Trust and expands beyond the firm’s previous case-by-case approach. Client crypto will now factor into asset assessments for wealth-management loans, giving crypto investors new access to leverage.

The firm has also helped Circle prepare its IPO and continues expanding into digital asset finance. CEO Jamie Dimon confirmed last month that JPMorgan will support Bitcoin purchases for clients, though it won’t custody tokens. These developments follow a regulatory shift under the Trump administration that has encouraged traditional finance to engage with crypto markets.

Truth Social Files for BTC ETF & World Liberty Airdrops USD1

Trump's crypto expansion continue as NYSE Arca submitted a regulatory filing Tuesday for a Truth Social Bitcoin ETF, marking Trump Media's latest push into the crypto sector. The ETF would track Bitcoin’s price and is backed by Yorkville America Digital and custodied by Foris DAX Trust. If approved, it would be the first presidentially affiliated crypto ETF to reach U.S. regulators.

Simultaneously, World Liberty Financial began airdropping USD1 stablecoins to WLFI token holders, sending 47 tokens each to thousands of wallets. The airdrop, conducted without a formal announcement, is meant to test its Ethereum-based distribution system. WLFI says the rollout follows a March proposal backed by 99.96% of voting holders and reflects strong early adoption.

South Korea Elects Pro Crypto President Lee Jae-myung

Lee Jae-myung was elected South Korea’s new president on Wednesday, winning nearly 50% of votes amid high turnout and political fallout from his predecessor’s impeachment. The left-leaning candidate pledged to legalize spot crypto ETFs and enable a stablecoin market pegged to the Korean won. These changes would reverse longstanding bans under the current financial regime.

Lee’s crypto policies also include reducing oversight in blockchain innovation zones and expanding digital asset regulation to cover transparency and stablecoin risks. South Korea’s Financial Services Commission has become more receptive to reforms after years of resistance. Crypto remains a major market in the country, with 20% of citizens holding exchange accounts as of last year.

Data of the Day

A new report from Standard Chartered shows that 61 publicly listed companies now hold 673,897 Bitcoin—3.2% of the total possible supply. Their collective buying pace has doubled in the last two months, outpacing Michael Saylor’s own accumulation through Strategy. These firms are embracing Bitcoin as a corporate treasury asset in record numbers.

The trend includes recent adopters like Canada’s SolarBank and France’s Blockchain Group, both announcing large BTC allocations this week. The bank warned that these moves could add to volatility, especially as prices fluctuate above many firms’ average entry levels. The total number of public Bitcoin-holding companies is now at least 124, with institutional interest continuing to surge.

More Breaking News

• Police in Morocco arrested the alleged mastermind behind a string of crypto kidnappings in France, including an attack on Ledger’s co-founder.
• MoonPay gained full U.S. regulatory clearance, securing a New York BitLicense to operate in all 50 states with no coverage gaps.
• Ripple CEO Brad Garlinghouse denied reports of a $5B Circle acquisition attempt, stating the firm never pursued the stablecoin issuer.
• Moscow Exchange launched Bitcoin futures for qualified investors, with contracts tied to U.S. Bitcoin ETF prices and settled in Russian rubles.
• Hong Kong plans to allow crypto derivatives for professional investors, part of a broader push to expand its digital finance ecosystem.
• Czech opposition party ANO called for a no-confidence vote after a $45M Bitcoin donation scandal forced the justice minister to resign.
• The WEF said AI and blockchain could drive the DePIN market to $3.5T by 2028, citing over 1,500 active projects fueling the sector.

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