Pump.fun Token Sale Confirmed, Europe-based Users Barred, Says Bybit.
Bybit has confirmed details of the much-awaited Pump.fun token sale, revealing that users registered through its European Union-regulated platform, Bybit.eu, will not be able to participate, citing compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA).
The public sale of PUMP, the native token of the no-code memecoin launchpad Pump.fun, will open on Saturday at 14:00 UTC and run through Tuesday, according to a Wednesday press release.
A total of 150 billion PUMP tokens, 15% of the 1 trillion total supply, will be offered at a fixed price of $0.004 USDT per token.
Bybit has become the second major crypto exchange to reveal details about the upcoming PUMP token sale, following a slip by Gate.io. On Tuesday, Gate.io briefly published a page outlining a $600 million PUMP token sale, which was quickly taken down.
China & 48 Other Countries Might Not Receive FTX Refunds, Leaving Millions At Risk.
A new proposal from the FTX Recovery Trust aims to freeze repayments to creditors in 49 countries—including China, Russia, Nigeria, Pakistan, and Saudi Arabia—pending legal clarity.
Though these jurisdictions account for just 5% of total allowed claims worth approximately $16 billion, 82% of that amount is tied to China. The Trust seeks court approval for a “hold-and-review” process: hiring local counsel, issuing a Restricted Jurisdiction Notice, and giving creditors 45 days to object.
If no objection is filed or a region is deemed restricted, affected claims—with principal plus accrued interest—will revert to the Trust. A court hearing on this plan is scheduled for July 22. Chinese creditors have voiced strong objections via social media.
Bhutan Moves $23.7mn In BTC To Binance, Signals Treasury Plan.
The Royal Government of Bhutan moved 213.5 BTC worth $23.7 million to Binance on June 30, marking its first on-chain transfer in seven months. Bhutan retains 11,924 BTC, valued at around $1.28 billion.
The transfer has sparked speculation that the kingdom may be preparing to sell, rebalance reserves, or support expanding crypto infrastructure, including merchant adoption and payments. Bhutan has mined Bitcoin via state-backed hydropower operations, quietly building its digital treasury.
With such a sizable stash for a small economy, Bhutan is viewed as a major government Bitcoin holder. Though no official explanation was given, this move underscores Bhutan’s strategic use of crypto for economic diversification.
Circle & OKX Launch Zero-fee USDC Conversions To US Dollar.
Stablecoin issuer Circle has partnered with major cryptocurrency exchange OKX to deepen liquidity for conversions of its USDC stablecoin with the US dollar.
OKX is rolling out zero-fee USDC conversions with USD as part of a new partnership with Circle, the companies announced in a joint statement on Wednesday.
While not affecting network fees, the partnership between Circle and OKX aims to remove some infrastructure challenges.
OKX is also exploring a partnership with Tether, an OKX spokesperson confirmed.
You need to login in order to Like
Leave a comment