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Pump.fun Shifts Token Burn Strategy, Now Allocating 50% of Revenue to Operations
Pump.fun, a Solana-based token launchpad, has been operating under a unique model where all revenue generated was used to buy back and burn its native token, PUMP. This approach, in theory, aimed to consistently support the token's price by reducing its supply. However, after a comprehensive review, the company has decided to alter this strategy. Going forward, Pump.fun will adopt a 50/50 revenue…
April 29, 2026, 8:55 a.m.
Markets
Pump.fun Shifts Token Burn Strategy, Now Allocating Half of Revenue to Operations
Pump.fun, a Solana-based token issuance platform, has been operating under a straightforward model where all revenue generated was used to purchase and burn its native token, PUMP. Theoretically, this continuous reduction in supply was intended to support the token's price and align its value with the platform's success. However, after reviewing the effectiveness of this 100% buyback policy over …
April 29, 2026, 8:55 a.m.
Markets
Pump.fun Shifts Strategy: Revenue to be Split Between Token Buybacks and Operations
Pump.fun, a Solana-based token issuance launchpad, has been operating under a model where all revenue generated was used to buy back and burn its native token, PUMP. This approach, in theory, aimed to consistently support the token's price by reducing its supply. However, after a review, the company has decided to change its strategy. Instead of allocating 100% of its revenue to buybacks, Pump.fu…
April 29, 2026, 8:55 a.m.
Markets
Pump.fun Shifts Strategy: Revenue to be Split Between Token Buybacks and Operations
In a significant change of direction, Pump.fun, a Solana-based token issuance launchpad, has announced that it will no longer dedicate all its revenue to buying and burning its own token, PUMP. This approach, which has been in place for nine months, was designed to reduce the token's supply and boost its price by using every dollar of revenue to purchase and burn PUMP. However, the company has no…
April 29, 2026, 8:55 a.m.
Markets
Pump.fun Shifts Strategy: Revenue to be Split Between Token Buybacks and Operations
In a significant departure from its previous strategy, Pump.fun, a Solana-based token issuance launchpad, has announced that it will no longer dedicate 100% of its revenue to buying and burning its native token, PUMP. Instead, the platform will adopt a 50/50 revenue split, with half of its net revenue from key products being channeled into an irreversible smart contract for token buybacks and bur…
April 29, 2026, 8:55 a.m.
Markets
Canada Considers Banning Cryptocurrency ATMs Amid Rising Fraud Cases
As part of a wider effort to combat financial fraud and money laundering, Canada is moving to prohibit the use of cryptocurrency ATMs. This decision is driven by increasing evidence that these machines have become a crucial tool for scammers. The proposed ban is included in the government's latest economic update and aims to protect citizens from falling prey to fraudulent activities. Crypto ATMs…
April 29, 2026, 5:14 a.m.
Markets
Canada Moves to Prohibit Cryptocurrency ATMs Amid Rising Fraud Incidents
In a bid to strengthen its fight against fraud and money laundering, Canada is considering a ban on cryptocurrency ATMs, citing mounting evidence of their role in facilitating scams. This measure is part of a broader effort by the Liberal government to curb illicit financial activities. According to the government's recent Spring Economic Update, crypto ATMs have become a primary conduit for de…
April 29, 2026, 5:14 a.m.
Markets
Canada Moves to Prohibit Cryptocurrency Vending Machines Amid Rising Scam Cases
The Canadian government has announced plans to outlaw cryptocurrency vending machines as part of a wider effort to combat financial fraud and money laundering, driven by mounting evidence of their central role in scamming operations. This measure, outlined in the government's latest economic update, aims to eradicate these machines across the country, with officials labeling them a primary channe…
April 29, 2026, 5:14 a.m.
Markets
Canada Moves to Prohibit Crypto ATMs Amid Rising Fraud Incidents
The Canadian government has announced plans to outlaw crypto ATMs as part of a wider effort to combat fraud and money laundering, driven by mounting evidence of their role in facilitating scams. This measure, outlined in the Liberal government's latest economic update, aims to remove all crypto ATMs across the country. Authorities have identified these machines as a primary conduit for defrauding…
April 29, 2026, 5:14 a.m.
Markets
Canada Considers Prohibiting Crypto ATMs Amid Rising Fraud Concerns
As part of a comprehensive effort to combat fraud and money laundering, Canada is considering a nationwide ban on crypto ATMs, citing mounting evidence of their exploitation by scammers. The proposed measure, outlined in the Liberal government's latest economic update, aims to eradicate these machines, which officials describe as a primary vehicle for defrauding victims and laundering illicit fun…
April 29, 2026, 5:14 a.m.