Today's Cryptocurrency Prices by Market Caps
The global cryptocurrency market cap today i $2.31T
Market Cap
$2.31T
24h Trading Volume
$70.34B
BTC Dominance
56.22%
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Latest Crypto News
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MegaETH Sunsets Mega Mafia Accelerator After Alumni Migrate, Pivoting to First‑Party Apps
MegaETH is winding down its startup accelerator, Mega Mafia, after two years — a move that highlights a growing tension in crypto incubators between seeding fast-growing projects and keeping value inside a network. The program supported roughly 20 teams across two cohorts and helped those startups raise about $80 million from pre-seed through Series A. Mega Mafia paired founders with MegaETH’s core developers and offered technical, management and market-making support — but notably, the network did not take equity, governance rights or ownership stakes in the companies it aided. That hands-off ownership approach, MegaETH core team member Shuyao Kong said on X, was based on an assumption that founders would stay aligned with the network without formal ties. The assumption didn’t hold. “Very little of that value has trickled to Mega,” Kong wrote while announcing there will be no Mega Mafia 3.0 cohort, adding that the accelerator is being “sunset.” Several high-profile alumni illustrate the drift. Global Token Exchange (GTE) moved to build its own chain after participating in the first cohort. Social attention market Noise migrated to Base. HelloTrade shifted toward Monad. Stablecoin project Cap launched on MegaETH but pursued a broader multichain strategy. In short: the accelerator produced marketable startups, but many chose technical paths off the MegaETH stack. Mega Mafia had also been directly tied to MegaETH’s early mainnet momentum. The network launched its MEGA token on April 30 after 10 ecosystem applications met the performance threshold that triggered the token-generation event — a milestone that linked accelerator outcomes to token economics. Since then, MegaETH’s economic design has evolved: in May, the MegaETH Foundation introduced a MEGA token buyback program funded by net income from the USDm stablecoin issuer, connecting stablecoin activity with recurring token purchases as the network focuses on high-speed onchain apps. With the accelerator ending, MegaETH is pivoting its strategy. Rather than relying primarily on independent startups to generate ecosystem value, the team will concentrate on “OMEGA” applications — products built around capabilities the team considers uniquely suited to MegaETH — and invest more directly in first-party consumer apps. Kong says this shift aims to create direct relationships with users, keep activity and economic value closer to the core chain, and give MegaETH greater control and accountability over product outcomes. The change follows Mega Mafia’s central role in moving MegaETH from development into mainnet activity and in catalyzing the MEGA token launch. Now the network is testing whether building and operating more consumer-facing, first-party products can better capture and retain the value its accelerator helped create. Read more AI-generated news on: undefined/news
Buybacks Aren’t Enough: Ansem Says Trust, Not Repurchases, Explains HYPE vs PUMP
Crypto trader Ansem argues that buybacks alone can’t explain starkly different token valuations — and he points to Hyperliquid’s HYPE and Pump.fun’s PUMP as a case study. In a July 17 post on X, Ansem highlighted that both platforms generate substantial revenues and run regular token repurchase programs, yet the market values them very differently. His numbers: - Hyperliquid: roughly $800 million in annualized revenue; HYPE trades near a $65 billion fully diluted valuation (FDV). - Pump.fun: about $440 million in annualized revenue; PUMP’s FDV sits around $1.4 billion. “If both teams do recurring buybacks with portions of their profits, why the massive valuation gap?” Ansem asked. His answer: buybacks aren’t the whole story. Trust, community alignment and a project’s track record matter Ansem’s thesis is that recurring buybacks can’t create a lasting “trust premium” by themselves. He argues that market confidence — built through clear communication, consistent delivery and incentives that align with real user activity — can materially boost valuation beyond what financial metrics show. He pointed to Hyperliquid as an example of a platform that has earned strong confidence from core users by shipping products without overpromising and rewarding measurable engagement. Hyperliquid also runs one of crypto’s largest buyback programs: its Assistance Fund funnels most protocol fees into continuous open-market HYPE purchases and had spent more than $1.3 billion on buybacks by May 2026. Pump.fun’s buybacks and vesting events haven’t produced the same market response. The platform had spent about $233 million buying back 62.2 billion PUMP by early January and later executed a major token burn. On July 15, Pump.fun distributed 57.279 billion PUMP (roughly $86.49 million) to 121 team and investor wallets, starting a three‑year vesting schedule after a one‑year lockup — transfers that made tokens movable but did not confirm any sales. Ansem suggests a key reason for weaker PUMP performance is weaker community alignment. Pump.fun promised a user airdrop that has not been delivered; co-founder Alon Cohen said in July 2025 that an airdrop remained planned but wouldn’t arrive immediately. Ansem’s view is that delivering on such promises and improving communication could help close some of PUMP’s valuation gap — though he stressed this is a market thesis, not a guarantee. He also pointed to Bitcoin as an extreme example of a “trust premium”: despite producing no business revenue, its fixed 21 million supply and established rules support a vastly larger valuation. Bottom line from Ansem: buybacks can be a powerful financial lever, but without trust, clear alignment with users and a track record of delivery, they may not be enough to lift valuations on their own. Read more AI-generated news on: undefined/news
Bitcoin Tests $63K as Long-Term Holders Dump; Selling Pressure May Be Peaking
Bitcoin is testing the $63,000 area as profit-taking from long-term holders and a broader aversion to risk weigh on the market. Price picture - Bitcoin was trading around $63,020 on Friday, down about 1.7% on the day and roughly 50% below its October all-time high of $126,080, per CoinGecko. - The token failed to hold $65,000 midweek and plunged to an intraday low of $62,640 after breaking below a concentrated "$64,500 put wall" tied to options expiry — a cluster of put open interest that had been acting as short-term support, according to Tim Sun, senior researcher at Hashkey speaking to Decrypt. Macro tilt and institutional flows - Market watchers say the move is less about crypto fundamentals and more about a pullback in risk appetite. Sun pointed to corrections in global stocks and rapid deleveraging in semiconductor and AI-related names as a drag that’s also trimming institutional exposure to Bitcoin. - Daniela Hathorn, senior market analyst at Capital.com, echoed that view: the drop looks like broad risk aversion driven by macro factors — rate expectations, geopolitical uncertainty and shifting sentiment — rather than a crypto-specific shock. She noted the overnight weakness is sharper than the bigger-picture backdrop implies. Spot selling, not leverage - On-chain and derivatives data show the selling is concentrated in the spot market rather than being driven by leveraged positions. That reduces the likelihood of cascade liquidations but keeps downward pressure if coins keep flowing onto exchanges. Long-term holders are the main sellers - A striking on-chain signal: Glassnode reports that more than 65% of coins moving into exchanges are from long-term holders realizing losses. That pattern matches prior bear phases, when one-to-two-year holders dominated selling until they eventually exhausted supply. - Sun added that investors in the one-to-two-year holding band are “gradually accepting losses and exiting,” capping the recovery even after an upbeat U.S. inflation print. Glassnode’s Relative LTH/STH Realized P&L to Exchanges metric breaks down which cohorts are sending coins to exchanges and shows this top-heavy selling dynamic. ETF flows — a timid recovery - U.S. spot Bitcoin ETFs have shown a small bounce after a large outflow: following a $425 million withdrawal on Monday, Farside Investors data show ETFs took in $181 million on Tuesday and $108 million on Wednesday. That marginal recovery wasn’t enough to reverse price pressure, though the funds have attracted roughly $51 billion since launching in 2024. - Hathorn views the renewed inflows as a constructive signal that longer-term institutional demand may be slowly returning. Are we near the end of the selling? - There are early signs the heaviest selling could be easing. Sun said realized losses are starting to decline and liquidation intensity from long-term holders “may have begun to peak.” Glassnode, citing analyst CryptoVizart, noted bear markets typically don’t find durable footing until the one-to-two-year cohort stops dominating the sell-side. - Absent a large external shock, Sun suggested the decline may be limited and that an environment of weakening selling pressure and uncrowded leverage could produce a “choppy bottom” rather than a sharp capitulation. Bottom line - For now, exchange inflows remain heavily skewed toward investors who bought near cycle highs, and that structural sell pressure is keeping Bitcoin’s rebound muted. If that flow eases, it could remove a major headwind — but until it does, volatility and fragile rallies are likely to persist. Read more AI-generated news on: undefined/news
Citadel Invests $400M in Crypto.com at $20B Valuation to Fuel Tokenized Securities Push
Crypto.com has secured a $400 million strategic investment from Citadel Securities at a $20 billion valuation, marking the Singapore-based exchange’s first-ever institutional funding round. Announced Thursday, the deal gives Ken Griffin’s market-making firm an ownership stake and is intended to accelerate Crypto.com’s push into “all asset classes, including tokenized securities and derivatives,” the company said. Founded in 2016, Crypto.com has until now relied on private and retail funding. CEO and co-founder Kris Marszalek framed the deal as a milestone for both the company and the sector, saying the investment ushers in “a new era of institutionalization” as crypto increasingly becomes “the rails for finance.” Citadel’s move is part of a broader migration of Wall Street capital into crypto infrastructure. Last November, Citadel Securities backed rival exchange Kraken with a $200 million investment alongside Jane Street. Other traditional players have also taken stakes in the space: Intercontinental Exchange (owner of the NYSE) invested in OKX, and Nasdaq put $50 million into Gemini. “The convergence of traditional financial markets and digital asset infrastructure is an exciting evolution,” Citadel Securities President Jim Esposito said, noting the potential to boost market efficiency. Both firms emphasized tokenized securities and derivatives as a key focus—efforts to put stocks, bonds and other instruments on blockchain rails and enable near-continuous trading. Crypto firms themselves have been expanding into conventional finance products as well: Coinbase launched U.S. stock trading for users earlier this year. Crypto.com sits at No. 11 by exchange trading volume, according to CoinMarketCap, and offers crypto trading, U.S. stock access and prediction markets to retail customers. The company won conditional approval for a U.S. national trust bank charter in February, a step toward broader regulated services. The investment comes against a subdued market backdrop: Bitcoin is down about 28% year-to-date and the overall crypto market capitalization hovers near $2.2 trillion, CoinGecko data show. The deal also lands amid lingering political scrutiny of Crypto.com’s close ties to the Trump administration—Crypto.com is a business partner and investor in Trump Media & Technology Group, has donated millions to a political committee backing the president, and its affiliated CRO token was reportedly used to pay $1 million in bonuses following a UFC event held on the White House lawn. With Citadel Securities onboard, Crypto.com appears poised to accelerate its institutional roadmap—betting that stronger ties to traditional finance will help expand trading venues and product offerings even as prices and sentiment remain choppy. Read more AI-generated news on: undefined/news
BitPay Secures AFM MiCA Approval, Gains EU-wide Passport for Regulated Crypto Payments
BitPay secures EU-wide MiCA approval, opens regulated crypto payments across bloc BitPay has won authorization under the European Union’s Markets in Crypto-Assets (MiCA) regime, clearing the way for the payments firm to offer regulated digital-asset services across the EU from its Dutch arm. The Dutch Authority for the Financial Markets (AFM) has granted BitPay B.V. a crypto-asset service provider (CASP) license, allowing the company to “passport” its services into other EU member states under MiCA rules. That approval lets BitPay expand a range of regulated offerings across Europe, including merchant crypto payment acceptance, stablecoin-based transactions, cross-border business payments, and consumer tools for spending and managing digital assets. Partner platforms will also be able to support buying, selling and swapping cryptocurrencies through BitPay’s infrastructure. “This authorization strengthens our ability to serve businesses and consumers throughout the EU while reinforcing our compliance-focused approach,” said Thom de Jong, BitPay’s Chief Compliance Officer Europe. He added that MiCA provides a common regulatory framework for responsible digital asset innovation across the region. Jonathan Arler, Head of Europe at BitPay, said the Amsterdam base positions the company to support growing demand for practical ways to accept, move, manage and spend digital assets. What the MiCA approval enables - EU-wide passporting via the AFM license - Regulated crypto payment acceptance for merchants - Stablecoin and cross-border payment solutions for businesses - Consumer tools for managing and spending digital assets - Support for buy/sell/swap through partner platforms BitPay’s move comes as firms raced to secure MiCA authorization ahead of the EU’s July 1 deadline that required CASPs to operate under the new framework. Several notable companies have since secured European bases: Ripple obtained full CASP authorization from Luxembourg’s regulator after preliminary approval in June, while Coinbase chose Luxembourg for its European regulatory hub, gaining passporting rights across the 27 EU states plus Iceland, Liechtenstein and Norway. Not all firms completed the process: Binance reportedly withdrew a Greek license application and scaled back services in several European markets after the transition period ended. Regulators have warned that the migration of customers toward licensed platforms creates fresh compliance demands. Bruna Szego, chair of the EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA), has stressed the need for firms onboarding large numbers of new users to keep robust anti-money laundering controls in place. BitPay — founded in 2011 — said the AFM authorization expands its European and global regulatory footprint, supplementing existing money-transmitter licenses and other approvals. The company plans further investment in regional infrastructure and partnerships to grow regulated crypto-payment services as stablecoin transactions, consumer finance applications and cross-border settlement gain traction across Europe. Read more AI-generated news on: undefined/news
Visa Unveils Stablecoin Platform Supporting Open USD and USDC — Threat to Circle
Visa has unveiled a new enterprise stablecoin platform designed to give banks, fintechs and payment providers a single system to manage digital-dollar operations — positioning a fresh rival to Circle’s market-leading USDC. Called the Visa Stablecoin Platform (VSP), the service will initially support Open USD (OUSD), the new stablecoin launched by Open Standard in June. VSP provides institutions with tools to mint, redeem, store and transfer Open USD, and it includes Wallet-as-a-Service infrastructure, blockchain connectivity and Visa’s existing risk and security controls. Visa says clients can run stablecoin activity on VSP alongside the company’s traditional payments network, rather than replacing their current systems. “Concepts are one thing; the hard part is the operational reality,” Visa Chief Product and Strategy Officer Jack Forestell said, framing VSP as a single place for institutions to manage stablecoin operations while benefiting from Visa’s controls and network infrastructure. Open USD’s economics differ from established players like Circle’s USDC. Open Standard has proposed fee-free minting and redemption and plans to share most reserve income with distribution partners after operating costs — a model that drew support from more than 140 companies when the initiative was announced on June 30, including Visa, Mastercard, BlackRock and Coinbase. VSP also debuts with support for USDC and USDG alongside OUSD, giving institutions multi-coin options within a familiar payments provider stack. Visa has been active in the space already: the company reported a stablecoin settlement run rate of roughly $7 billion as of March 2026. The arrival of VSP deepens the commercial pathway for Open USD into Visa’s institutional customer base and shifts the project from a consortium proposal toward concrete payments infrastructure. That shift has implications for Circle: markets reacted to Open USD’s launch by punishing Circle’s share price, and Mizuho this week downgraded Circle and cut its price target from $85 to $50, citing potential pressure on Circle’s margins if reserve income flows change in favor of distribution partners. Still, Open USD faces significant hurdles before it can rival USDC: it must build liquidity, regulatory reach and the wide market adoption that USDC has accrued over years. For Circle, competition now extends beyond who issues a token to who builds and supplies the infrastructure institutions use to manage it. The coming test will be adoption at scale: whether banks, fintechs and payment providers embrace Visa’s tools — and the business model behind Open USD — in enough volume to challenge USDC’s entrenched position in regulated digital-dollar payments. Read more AI-generated news on: undefined/news