Pump.fun plans 25% revenue share with token holders: Sources

Pump.fun plans to share 25% of platform revenue with holders of its token, three sources familiar tell Blockworks. 

The team allegedly told insiders about the arrangement leading up to its public announcement, multiple people said.

Earlier Wednesday, pump.fun said that the initial coin offering for its PUMP token would go live on Saturday, July 12. 

Dragonfly Capital’s Haseeb Qureshi posted on X regarding the PUMP revenues, noting that it’ll be “one of the highest gross revenue tokens in crypto.” 

In June, 6th Man Ventures’ Mike Dudas told Blockworks’ Lightspeed podcast: “So I would imagine there’s going to be some element of putting revenue to work on…

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Donald Trump Jr. Invests $4 Million In Bitcoin Treasury Company Thumzup Media

Donald Trump Jr. has purchased 350,000 shares in Thumzup Media Corp., a struggling social media startup that recently adopted a Bitcoin treasury strategy. The investment, valued at over $4 million, strengthens Trump Jr.’s involvement in the Bitcoin space as his family increasingly aligns with digital asset ventures.

“Expanding our exploration into other leading cryptocurrencies aligns with our commitment to innovation and prudent treasury management,” said the CEO of Thumzup Robert Steele. “We believe that a diversified approach to digital assets could enhance our financial flexibility as we continue to scale our AdTech platform and grow our advertiser base.”

Thumzup,…

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Myths Busted And Conflicts Of Interest Noted At Senate Banking Crypto Market Structure Hearing

Today, the Senate Banking Committee hosted a hearing entitled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets” in which U.S. senators from both sides of the aisle engaged with crypto industry leaders and digital asset specialists (witnesses) to discuss digital asset market structure.

Key themes from the hearing included crypto’s role in illicit finance, the Trump family’s involvement in the crypto industry and the resulting conflict of interest, and regulatory jurisdiction.

Senate Banking Chairman Senator Tim Scott (R-SC) presided over the hearing alongside Ranking Member Senator Elizabeth Warren (D-MA). They were joined by more than a half dozen…

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Emirates Signs A Deal To Integrate Bitcoin And Crypto Payments

Emirates has signed a memorandum of understanding with Crypto.com to integrate Bitcoin and crypto payments into its booking systems, marking a significant step toward mainstream adoption of Bitcoin in the travel industry.

The agreement, signed in the presence of Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum, will enable customers to pay for flights using Bitcoin and crypto through Crypto.com Pay, with integration expected to roll out in 2026.

Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer, said, “Partnering with Crypto.com to integrate cryptocurrency into our digital payments system reflects Emirates’ commitment to meeting evolving customer…

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KULR Expands Bitcoin Mining Operations To 750 PH/s, Targets 1.25 EH/s By Late Summer

KULR Technology Group, Inc., a Bitcoin-first company focused on sustainable energy solutions, announced today the successful deployment of 3,570 Bitmain S19 XP 140T mining machines in Asuncion, Paraguay. This new infrastructure brings KULR’s total Bitcoin mining capacity to 750 petahash per second (PH/s), with a goal of reaching 1.25 exahash per second (EH/s) by late summer.

The expansion is a continuation of KULR’s dual-pronged “buy-or-mine” Bitcoin accumulation strategy, which aims to optimize treasury performance through both direct BTC purchases and self-mining.

“Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant…

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Story Protocol, World prepare for AI-saturated ‘dead internet theory’ future

This is a segment from The Drop newsletter. To read full editions, subscribe.

Story, an IP-focused EVM L1 blockchain, is adding Tools for Humanity’s World ID tech in a move to increase transparency around who’s human on its IP Portal licensing database currently in open beta.

“We’re just coming out of an age where the big AI companies, right, basically scraped the whole internet, and rather than ask for permission, they’re just asking for forgiveness,” Story Foundation President Andrea Muttoni told me in an interview. 

“We haven’t really fully understood the magnitude of it. You know, the whole concept of like, the dead internet theory, right? It’s going…

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LATEST: Swedish Company H100 Group Buys 46.93 Bitcoin Worth $5 Million

H100 Group AB has purchased an additional 46.93 Bitcoin for approximately SEK 49.5 million, at an average price of SEK 1,054,701 per BTC. This brings the company’s total holdings to 294.5 BTC, reinforcing its long-term Bitcoin treasury strategy aimed at preserving capital and strengthening its financial position.

CEO Sander Andersen said the move aligns with a growing trend among tech-focused companies adopting Bitcoin as a treasury asset. He added that the Bitcoin community’s values of individual sovereignty align well with the customers and communities H100 is building its platform for.

The acquisition follows the completion of Tranche 6 and Tranche 7, raising SEK 516 million through a share issue and convertible debentures. Tranche 6 raised SEK 173.3 million via 27 million shares at SEK 6.38 each, while Tranche 7 brought in SEK 342.3 million at a conversion price of SEK 8.48. Tranche 8 is in planning, with a premium price of SEK 11.27, pending board and investor approval.

Anonymous Nostr DMs And Encrypted Group Chat

White Noise, a new privacy centric messaging app, launched its alpha v0.1.0 in public beta. Built on Nostr’s Bitcoin native, decentralized identity system and the Messaging Layer Security (MLS) protocol, White Noise introduces an anonymization protocol to the growing Nostr social media ecosystem that hides sensitive metadata. Paired with end-to-end encrypted group chats and direct messages (DMs), it promises to take Nostr from an early adopter, hobbyist technology to a viable alternative, in the world of privacy branded messaging apps like Whatsapp, Telegram.

Nostr, short for “Notes and Other Stuff Transmitted by Relays,” is a decentralized, open-source protocol launched in…

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The winners and losers of Phantom’s Hyperliquid integration

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Phantom wallet announced yesterday that it was integrating Hyperliquid perps right into its wallet interface.

This is surprising, mainly because Phantom is Solana’s marquee wallet and far ahead of competing wallets like Solflare or Backpack, with 15 million monthly active users (MAUs).

If Phantom wanted a cut of the perps market, I suppose one would’ve naively expected it to partner up first with a native Solana perps DEX like Drift or Jupiter.

But though Drift or Jupiter might be hometown favorites, Hyperliquid is where the money already is.

Source: Dune

So the wallet…

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All Franklin Templeton products will one day be onchain, exec says

An overhaul of financial market infrastructure is set to occur, according to Franklin Templeton innovation head Sandy Kaul  — and likely faster than many people expect. 

“I think our entire product suite will be onchain at some point in the future,” she told me. “It is simply [about], ‘What is the migration path to getting there?’”

Financial institutions, central banks and corporations using account-based infrastructure are set to move to wallet-based systems on top of blockchains for efficiency and other benefits, Kaul argued. 

Estimates that the roughly $240 billion stablecoin market could increase by 10 times over the next several years might be…

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