AltSignals Blog

Pumpfun’s new memecoin ‘PUMP’ faced a significant plunge despite its buy-back strategy, with two major ICO investors selling off over $100M worth of tokens. Details about PUMP’s regular buybacks remain unclear. The token’s performance has also been influenced by a downturn in memecoin trade and competition from other coins such as LetsBonk. Through all the turmoil, Pump remains a top performer in DeFi, becoming the third-highest earner in a year and the sixth-highest in 30 days, generating $29.5M last month. The effectiveness of buy-back strategies, like the one employed by Hyperliquid’s assistance fund, has become increasingly appealing for protocols with consistent fee accrual.

David Carvalho, CEO of Naoris Protocol, warns the crypto industry about the existential threat of quantum computing. Quantum computing and AI could lead to stealthy attacks that can erode trust in blockchain systems, potentially resulting in a silent collapse. Despite warnings, the Bitcoin community doesn’t currently see quantum computing as an immediate threat. The article highlights the importance of acting before it’s too late, as potential solutions like quantum-resistant addresses and transition to post-quantum cryptographic standards are being explored.

Bitcoin is transitioning from an outsider asset to a mainstream financial instrument with its increasing association with traditional risk markets. This analysis discusses how, with growing institutional involvement, Bitcoin receives gains in credibility and capital inflows but also ties itself to global financial rhythms. It also observes institutional behavior introducing artificial sell pressures during quarterly financial reporting periods. The piece outlines potential centralization risks arising from Bitcoin holdings concentration and emergent tendencies towards custody relinquishment. Moreover, the two-way blade of institutional capital might pose threats to Bitcoin’s core mission of offering a neutral, permissionless money system.

The IMF reports that El Salvador has not purchased any new Bitcoin since signing a loan agreement in December 2024, contradicting initial claims made by the country’s Bitcoin Office. The article discusses the government’s adherence to the IMF’s terms and the national response, highlighting President Nayib Bukele’s defiance. It also examines the impact on the Bitcoin community worldwide due to El Salvador’s unique approach towards Bitcoin reserves.

UK politicians debate over cryptocurrency campaign donations, voicing concerns about potential foreign interference and reinforcing the need for strict regulations to ensure transparency. The discussions point to a growing systemic concern about the impact of crypto on the democratic process, as the UK joins other nations in scrutinizing the role of crypto in politics.

The FTX creditor community is awaiting a court ruling that could allow the FTX bankruptcy estate to freeze payouts to creditors in restricted countries, including China. This action could significantly impact the global crypto ecosystem and future crypto bankruptcies. This article discusses the potential consequences of this motion, the objections received, and the volatility it has caused in FTX creditor claims.

JPMorgan Chase, Mastercard, and Citigroup exhibit interest in adoption and exploration of stablecoins. Jamie Dimon, the CEO of JPMorgan, discusses plans for increased engagement, expecting to become versed with JPMorgan’s deposit coin and other stablecoins. Citigroup also shares plans on the issuance of a Citi stablecoin, while Mastercard sees potential in the technology powering stablecoins, though it cautions the time until they become everyday utilities.

Ethereum’s price reaches a six-month high driven by record ETF inflows, increasing network activity, and rising demand from institutions. Further predictions suggest ETH could potentially reach $7,000-$10,000 by 2025. The article discusses recent onchain activity and addresses the growing interest in Ethereum exchange-traded funds and DeFi applications.

Tether’s USDt, the world’s largest stablecoin, hits a major milestone by surpassing the $160 billion market cap. The achievement underscores the growing role of USDt as the digital dollar for billions of people in emerging markets. In this article, Tether’s CEO Paolo Ardoino shares insights on USDt’s use by over 400 million people worldwide and its increased presence on various blockchain networks. Dive in to grasp the depth of the stablecoin market and evolving regulations impacting it.