Fantom's FTM Token Surges 8% As It Announces USDC.e Stablecoin Launch and Network Upgrade

The X account of Solana-based meme coin launchpad Pump.fun was suspended, along with other crypto accounts, without explanation. Founders like Alon Cohen and Shaw Walters were affected, with some platforms appealing the decision.

The Avalanche Battle Pass, a free-to-mint NFT, connects games and rewards players for playing partnered games like Off the Grid and MapleStory N. It supports over a dozen games and offers rewards such as in-game NFTs and AVAX tokens.

Cantor Fitzgerald predicts potential 75% stock price increases for companies holding Solana reserves, such as DFDV, UPXI, and HODL. These firms offer exposure to Solana's blockchain network, with DFDV rated highest due to its management and infrastructure ownership.

JPMorgan Chase has filed a trademark application for a Web3 project called JPMD with the U.S. Patent and Trademark Office, hinting at a potential stablecoin launch. The filing focuses on cryptocurrency-related services, leading some experts to speculate about JPMD being a stablecoin.

Donald Trump's crypto holdings generated over $58 million in revenue in 2024, making it his second largest income source after his hospitality businesses. With significant gains from World Liberty Financial and his meme coin, digital assets are expected to become his primary income stream in 2025.

The U.S. Army parade sponsored by Coinbase drew criticism from crypto influencers like Peter Saddington and Adam Cochran. Some crypto users believe the sponsorship contradicts Coinbase's apolitical stance and goes against Bitcoin's purported anti-war principles.

Bybit has introduced a new Solana-based exchange, Byreal, which will combine centralized and decentralized liquidity sources for trading. The platform aims to offer a hybrid model to merge liquidity and execution methods, along with additional features like Revive Vault and Reset Launch for Solana assets.

S&P Global analysts emphasize that Circle's IPO and rising stock price have no impact on the stability of its USDC stablecoin. Uncertainty arises regarding the fate of USDC reserves if the publicly traded issuer were to face bankruptcy.

Greg Cipolaro, global head of research at NYDIG, warns companies about stockpiling alternative cryptocurrencies for their treasuries, emphasizing the uncertainty of their long-term value and utility compared to Bitcoin's established reputation as "digital gold." He highlights the risks associated with strategic acquisitions of digital assets and the importance of understanding the underlying purpose of each token.

Cantor has set price targets for DeFi Development, Sol Strategies, and Upexi, believing Solana's technology surpasses Ethereum's. The report suggests using Solana as a treasury asset over Ether due to its potential growth.