XRP Hit by 710% Liquidation Imbalance in Just 24 Hours

After a terrible start to its launch back in July this year, the PUMP token has finally found its spark, managing to lead the recent market recovery. The Pump.Fun native token rose by over 140% over the last month, featuring prominently at the top of the gainers’ list during this time. A slowdown has since rocked the altcoin after this, but it may not be the end of the story.

Pump.Fun Surpasses Hyperliquid In Daily Revenue

In an interesting turn of events, Pump.Fun, the native platform behind the PUMP token, has overtaken Hyperliquid in terms of daily revenue. Hyperliquid, an on-chain perps trading platform, has been the third-highest on-chain revenue generator, right behind stablecoin issuers Tether and Circle.

This meant that Hyperliquid was the number 1 decentralized finance (DeFi) platform and non-stablecoin issuer in terms of revenue, averaging over $2.5 million daily. Its high revenue generation was also instrumental in driving up the value of its native HYPE token. Part of its revenue went into token buybacks, pushing up demand for the altcoin.

However, with the recent development, Pump.Fun has now dethroned Hyperliquid, pushing it into the fourth position. PUMP now reigns at 3rd position, after recording $3.12 million in daily revenue, compared to the $3 million generated by the Hyperliquid platform for the same time period.

While Hyperliquid continues to lead over longer timeframes, such as weekly and monthly, the recent rise in the Pump.Fun revenue could have very bullish implications for its native token.

Why The PUMP Token Price Can Benefit From This

The rise in the Pump.Fun metric to flip Hyperliquid is bullish for the PUMP price in the fact that the platform also uses almost 100% of its revenue to actually buyback the token. This was highlighted by crypto analyst Kaduna in an X post, explaining that this could pump the price.

According to Kaduna, the PUMP token is still massively undervalued at a $2.8 billion market cap compared to HYPE’s $14.4 billion market cap. He also points out that the streaming service on the Pump.Fun website is just starting, something which is also bullish for the platform.

If the revenue continues and the buybacks are notable, then it is possible that the PUMP price is headed to new all-time highs. At the time of writing, the price is only sitting 30% below its $0.01214 all-time high that was recorded back in July.

By Dow Jones Newswires Staff

Stock markets were mixed early on Tuesday ahead of the Federal Reserve's two-day meeting, with markets pricing in a 97% chance of a 25 basis-point rate cut on Wednesday and 3% odds of a 50 basis-point reduction, according to LSEG data. Markets will closely watch Fed Chair Jerome Powell's comments for insights into the inflation outlook, labor market weakness and tariff-related risks. Separately, a U.S. appeals court rejected an emergency Trump administration request to remove Fed Governor Lisa Cook ahead of the meeting.

On Monday, the S&P and Nasdaq closed at fresh record highs driven by a continuing surge in tech stocks and after the U.S. and China reached a framework deal over TikTok, signalling a potential cooling of trade tensions.

Gold prices hit fresh record highs early Tuesday in Europe as Fed rate-cut expectations continued to pressure the dollar.

• U.S. stock futures were pretty much flat, while Asian shares closed mostly higher. South Korea and Japan continued to benefit from gains in chip and technology-related stocks, with South Korea's Kospi closing up 1.2%, a fresh record, as heavyweight SK Hynix ended the day up 5.1%. Japan's Nikkei closed up 0.3%. Hong Kong's Hang Seng gained 0.2% while China's benchmark Shanghai Composite was flat.
• In Europe, the pan-European Stoxx Europe 600 fell 0.2% in morning trading amid a muted start to trading across major national markets. Mining-sector stocks outperformed amid the rising optimism on a trade truce between the U.S. and China and gold's surge; Rio Tinto's London shares rose 1.5% while Glencore was up 1.2%. Gold and silver miner Fresnillo was up 3.6%.
• The U.S. dollar hit a two-month low against a basket of currencies and Treasury yields were marginally higher. Sterling rose to a two-month high against the weaker dollar but was flat against the euro. The yen also strengthened. Bitcoin rose 0.4%.
• Gold prices continued to push higher, extending a record run to hit a fresh high. Futures were recently up 0.3% to $3,730.80 after reaching $3,731.90 earlier in the session.
• Oil benchmarks slipped but held within a narrow range as investors await clarity on potential Western sanctions targeting Russian supplies. Brent crude and WTI both fell 0.5% to $67.12 and $63.02 a barrel, respectively.

Write to Barcelona Editors at barcelonaeditors@dowjones.com

Decentralized prediction market platform Polymarket has launched a new section for forecasting the earnings of publicly traded companies, following its recent regulatory clearance to operate in the U.S.

In a statement on Monday, Polymarket said it has partnered with Stocktwits, a social platform for traders, to launch earnings prediction markets for widely followed public companies.

The pair stated that the collaboration combines Polymarket's prediction markets with Stocktwits' trading community, providing users with access to real-time, crowd-priced probabilities alongside discussions on earnings, sentiment, and market trends. 

On Polymarket, users have begun wagering on the earnings forecasts of several companies, including FedEx and crypto exchange Bullish. 

In the market titled "Will Bullish (BLSH) beat its quarterly EPS estimate?" bettors are currently assigning Bullish around 56% odds that the company might exceed analyst expectations for earnings per share. Bullish is expected to release its second-quarter earnings on Sept. 17.

Among all prediction markets on Polymarket, the "Fed decision in September?" market has drawn the most activity, with $139 million in volume. Bettors currently assign a 91% probability that the Federal Reserve would cut rates by 25 basis points.

"Prediction markets transform uncertainty into clarity by turning big questions—like earnings — into simple, tradable outcomes with transparent pricing," Matthew Modabber, chief marketing officer of Polymarket, said in the Monday statement.

Howard Lindzon, founder and CEO of Stocktwits, said that Polymarket has "created an entirely new way to understand news and expectations," and that Stocktwits is "the place where millions of investors already gather to share ideas and sentiment."

Polymarket has signaled active expansion after CEO Shane Coplan said earlier this month that the platform received clearance from the Commodity Futures Trading Commission to go live in the U.S.

Polymarket is also considering raising new funding at a valuation between $9 billion and $10 billion, according to reports from The Information and Business Insider last week.

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© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Coinbase has pushed back against claims that stablecoins threaten the banking system, calling the idea of “deposit erosion” a myth.

In a Tuesday blog post, the crypto exchange argued that fears over stablecoins draining bank deposits are unfounded. Coinbase claimed that “recent analysis” shows there is no meaningful link between stablecoin adoption and deposit outflows at community banks.

“Stablecoins don’t threaten lending—they offer a competitive alternative to banks’ $187 billion annual swipe-fee windfall,” the exchange wrote, adding that stablecoins are not savings accounts but payment tools. “Someone buying stablecoins to pay an overseas supplier isn’t reallocating their savings—they’re choosing a faster, cheaper payment method,” it added.

The company also challenged recent claims made in a US Treasury Borrowing Advisory Committee report, which projected $6 trillion in potential deposit flight, despite only forecasting a $2 trillion stablecoin market by 2028. “The math doesn’t add up,” Coinbase claimed.

Most stablecoin activity occurs outside the US

In an accompanying paper, Coinbase said that most stablecoin activity occurs internationally, especially in regions with weak financial infrastructure. The paper, citing the International Monetary Fund, stated that over $1 trillion of the $2 trillion stablecoin transactions in 2024 occurred outside the US, particularly in Asia, Latin America and Africa.

Since nearly all major stablecoins are dollar-pegged, their use abroad reinforces dollar dominance. Therefore, instead of eroding US deposits, stablecoins help expand the dollar’s global influence without significantly impacting domestic credit availability, the exchange argued.

It also said that correlations between bank stock performance and crypto firms like Coinbase and Circle were positive following the passage of the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), showing that stablecoins and banks can thrive together.

Robert Kiyosaki, a financial education advocate and Bitcoin supporter, known for his bestselling book “Rich Dad Poor Dad”, has published a tweet with a teaser of a documentary that praises BTC and slams the Federal Reserve.

Kiyosaki will be featured in this film, along with Larry Fink, oand ther top figures in finance.

"Money Disrupted. End the Fed" documentary announcement

Robert Kiyosaki shared a post of the documentary called “Money Disrupted: End the Fed,” sharing a link to a teaser on YouTube.

The trailer shows the history of the devaluation of the US dollar that has occurred since 1971, the year when president Nixon suspended the gold standard, which used to back the dollar before that.

The trailer also underscores the fact of frequent money printing conducted by the Fed Reserve, particularly starting from 2020 – roughly 40% of all the circulating money supply in the world has been printed since the pandemic.

Blockchain, AI, and Bitcoin step in

The fiat money collapse is coming to America, Robert Kiyosaki warns in the teaser. The film then switches to disruptive financial tech – Bitcoin, calling it a stable and hard form of money. The creators and interviewees also mention AI tech and crypto in general as ways to get out of the financial crisis that is making the US dollar lose its purchasing value.

The BlackRock CEO, Larry Fink, states here that he used to be a skeptic but now he is a fan of Bitcoin. Jamie Dimon says he believes in the blockchain but not Bitcoin. Robinhood’s Vlad Tenev says that in the future, he expects all real-world assets to be represented on the blockchain.

The key idea of the documentary is the same as its subtitle – “End the Fed” as the experts are certain that it is the removal of the gold standard and the constant money printing policy performed by the Federal Reserve that is to blame here.

Kiyosaki predicts Bitcoin to hit $250,000 this year

Kiyosaki has been bullish on Bitcoin since 2020, and he has been accumulating it, along with physical gold and silver, believing that BTC is the new hard form of real money that can save the dying dollar.

In his earlier tweets, he predicted that this year BTC is likely to go as high as $250,000.

Pi Network is moving closer to its much-awaited mainnet launch, and the excitement among its community is reaching fresh highs. The project recently completed its Testnet1 upgrade to protocol version 23. With Testnet2 and the mainnet rollout expected soon, attention has turned to how these updates may shape the Pi coin price.

Talking more about which, the upgrade aligns Pi with Stellar’s v23 transition, that ensures smooth balance mapping into mainnet. On the ecosystem front, Pi is the gold sponsor at TOKEN2049 Singapore, where co-founder Dr. Chengdiao Fan will speak. Alongside that, the launch of PiOnline, a DeFi farming game on the Pi Browser, shows the project’s efforts.

These milestones are not only fueling curiosity around Pi’s progress but also sparking renewed interest in the Pi Network price USD . And yes, as per our routine drill, I will take you through the price targets that you cannot miss out on!!

Top Reasons Behind Pi Coin Price Surge

• Protocol upgrade hype: Community yapping about smart contract functionality and Linux node support is feeding bullish sentiment. At the same time, the upcoming unlock of 165M PI tokens is another headwind.
• Partnership momentum: Pi’s September tie-up with AI firm OpenMind reinforced its vision of Web3 integration.
• Ecosystem growth: From TOKEN2049 visibility to PiOnline’s launch, Pi is steadily building credibility and use cases.

Pi Price Analysis

At the present time, as I write this analysis, Pi Coin is trading across exchanges at $0.3597, up 2.68% over 24 hours. Its market valuation stands at a rather tough $2.9 billion, while the overnight token trade jumped by a decent 14% to $48.33 million.