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According to insiders, Pump.fun, the memecoin creation platform, wants to raise $1 billion by selling its tokens. Pump.fun is close to becoming a $1 billion ‘unicorn’ due to the Solana memecoin craze bringing in $700 million in revenue for the platform. Pump.fun Nears $1B ‘Unicorn’ Status According to the report from Blockworks, Pump.fun developed with
The post Memecoin Platform Pump.fun Plans Massive $1B Raise appeared first on CoinGape.
The post Ripple News: Was Donald Trump Behind the $121 Million XRP-Backed Treasury Deal? appeared first on Coinpedia Fintech News
A surprising connection between the U.S. President Donald Trump and a massive $121 million XRP-backed treasury deal is stirring conversations in the crypto world.
Recently, VivoPower International — a NASDAQ-listed energy firm — announced it had raised $121 million in a private share placement to launch a digital asset treasury strategy centered on XRP. What makes this move even more interesting is that the funding was led by His Royal Highness Prince Abdulaziz bin Turki Al Saud of Saudi Arabia, a long-time investor in digital assets and XRP.
In an official statement, the Saudi prince revealed that his team met with President Trump and his leadership group during a recent visit to Saudi Arabia. Following those discussions, they believed the timing was right to embrace digital assets and blockchain technology in the Kingdom. This meeting appears to have played a key role in accelerating plans for the XRP-focused treasury strategy.
VivoPower aims to become the first public company to officially hold XRP as part of its treasury reserves, joining a growing trend of firms adding cryptocurrencies to their balance sheets.
BREAKING:
The Saudi Prince (per his own quote) met with President Trump and decided the timing was right for an $XRP focused public company!
THIS IS MASSIVE NEWS FOR XRP! https://t.co/L57EnifPbY pic.twitter.com/SFHRtqraC1
— Good Morning Crypto (@AbsGMCrypto) May 28, 2025
Adding to the excitement, former SBI Ripple Asia executive Adam Traidman has joined VivoPower as chairman of its advisory board. Ripple CEO Brad Garlinghouse also acknowledged the move, highlighting it as a major step forward for the XRP ecosystem.
This development shows how digital assets like XRP are being adopted at the institutional and governmental level. While it remains unclear how directly involved Trump was in pushing this deal, the timing and the prince’s remarks hint that their meeting may have influenced the decision.
For XRP holders, this news offers a bullish signal. As more institutions and global players consider integrating digital assets into their financial strategies, XRP appears to be climbing back into the spotlight.
The post Ripple News: Was Donald Trump Behind the $121 Million XRP-Backed Treasury Deal? appeared first on Coinpedia Fintech News
A surprising connection between the U.S. President Donald Trump and a massive $121 million XRP-backed treasury deal is stirring conversations in the crypto world. Recently, VivoPower International — a NASDAQ-listed energy firm — announced it had raised $121 million in a private share placement to launch a digital asset treasury strategy centered on XRP. What …
The post SOL Strategies Buys 122k SOL Worth $18.2M: Can Solana Bulls Reclaim Momentum? appeared first on Coinpedia Fintech News
SOL Strategies Inc. (CSE: HODL), a Canadian company dedicated to the growth and development of the Solana blockchain, announced the purchase of 122,524 SOL worth about $18,250,730 at an average price of about $148.98 per coin. At the beginning of this month, SOL Strategies announced the closing of the initial $20 million of its $500 million convertible note facility.
“These purchases directly strengthen our three-pillar strategy of enterprise-grade validators, strategic SOL holdings, and Solana technology innovation,” Leah Wald, Chief Executive Officer of SOL Strategies, noted.
According to a recent report by VanEck, the meteoric growth of memecoins on the Solana network is the major driver of on-chain revenues. Furthermore, memecoin trading on the Solana network accounted for 44 percent and 35 percent of all decentralized exchanges (DEX) trading in January and April 2025 respectively.
“If we exclude stablecoins, SOL, and SOL liquid staking tokens, often on the other side of trades, memecoins represent 99% of Solana trading activity in January and 95% in April. While some question the sustainability of this trend, Solana has proven its unmatched ability to process large volumes of decentralized trading,” the report noted.
Meanwhile, market data analysis from Nansen shows that the top five Solana DeFi products – including Raydium, Fluxbeam, Pump.fun, and Jupiter – recorded over 239 million users in the past 30 days.
After recording a palpable growth in April, Solana price has been trapped in a correction phase in the past two weeks. The large-cap altcoin, with a fully diluted valuation of about $85 billion and a total value locked of around $7.6 billion, dropped around 2 per in the past 24 hours to trade around $142 on Tuesday, May 6, during the mid-North American session.
From a technical analysis standpoint, the SOL price is well positioned to rally towards $174 if the buyers hold above $140 in the coming days. In case of a breach of the support level around $142, SOL price will drop towards the next liquidity level around $125.
The post SOL Strategies Buys 122k SOL Worth $18.2M: Can Solana Bulls Reclaim Momentum? appeared first on Coinpedia Fintech News
The Solana network has recorded significant growth in daily active users fueled by memecoins. SOL price is well positioned to rally above $170 if Bitcoin price reclaims $100k soon. SOL Strategies Inc. (CSE: HODL), a Canadian company dedicated to the growth and development of the Solana blockchain, announced the purchase of 122,524 SOL worth about …
Dragonchain’s DRGN rallied 115% today after the SEC dropped its 2022 lawsuit regarding securities violations. Walt Disney launched the project in 2014 and later converted it into an open-source blockchain.
The network combines private and public blockchain elements, allowing businesses to keep sensitive data private while leveraging public blockchains for verification. This design supports compliance with regulations like GDPR and HIPAA.
Dragonchain began as the “Disney Private Blockchain Platform,” developed by a team led by Joe Roets at Disney’s Seattle office. In 2016, Disney released the project as open-source software.
Following this, Roets and his team established the Dragonchain Foundation and Dragonchain Inc. to further develop and commercialize the platform. Since then, Disney has not been affiliated with the project.
The blockchain became extremely popular in 2016 because of its hybrid architecture and interoperability. Through its patented Interchain technology, Dragonchain enables integration with other blockchains such as Bitcoin and Ethereum, as well as legacy systems and APIs.
Dragonchain introduced disruptive blockchain innovation at a time when networks like Solana and Layer-2 didn’t exist. It demonstrated high transaction throughput, processing over 250 million transactions in 24 hours during a live demonstration in 2020.
Most notably, it was ahead of its time. The platform introduced quantum-resistant encryption methods to protect data against future quantum computing threats.
The Walt Disney Corporation is not normally known for its Web3 endeavors, but it has shown interest in several sectors over the last few years.
When Disney controlled the project, it had no cryptoasset element, focusing on pure blockchain infrastructure. Shortly after its independence, however, the firm’s developers launched DRGN.
In October 2017, Dragonchain Inc. launched the DRGN token through an Initial Coin Offering (ICO), raising approximately $13.7 million. By January 2018, DRGN’s market cap surged to $1.3 billion.
In 2022, the SEC filed a lawsuit against Dragonchain, focusing on the ICO and alleging unregistered securities offerings. The DRGN token was central to the charges. This marked the beginning of a legally volatile period for the project.
Finally, today, on April 25, 2025, the SEC dropped the lawsuit as part of its wider efforts to reduce crypto enforcement.
The announcement sparked a rally in the DRGN market and renewed optimism within the project’s community. The token is up by 115% today and 180% since last week.
Over the last several weeks, Dragonchain’s social media presence has focused on both its blockchain utility and the SEC dismissal.
Although the crypto ecosystem has evolved significantly since the lawsuit began, Dragonchain continues to maintain its original commitment to enterprise use cases. It has resisted being labeled as a meme coin and instead emphasizes its enduring focus on practical blockchain applications.
The post Walt Disney’s Dragonchain Surges 100% After SEC Drops its Lawsuit appeared first on BeInCrypto.
