The page indicated the sale of 150 billion tokens at $0.004 each from a total supply of 1 trillion tokens. The collection would round off to approximately $600 million. The page also mentioned that this IEO (Initial Exchange Offering) is Pump’s “first official public token sale” with a valuation of $4 billion.

However, the crypto exchange later scrubbed the page from both its English and Chinese websites, currently displaying a 404 “page not found” error. A statement from Gate.io support regarding the page removal has only muddled the situation further, stating, “following negotiations between Gate and the project, Gate has removed Pump.fun Pre-Market OTC. Currently, there is no confirmed date or announcement for its relaunch.”

The statement refers to an October 2024 announcement that the platform would no longer support over-the-counter trading for Pump.fun. Cointelegraph attempted to get comments from Gate.io and Alon Cohen, the founder of Pump.fun, but no immediate response was received.

Pump.fun experienced a surge in popularity in January amidst the memecoin minting frenzy. The platform has enabled the creation of over 11 million new tokens with a combined total revenue of about 4.4 million Solana SOLUSD, or approximately $655 million, according to Dune Analytics. However, the platform’s volumes have declined by around 75% since the peak of the memecoin frenzy in January. DefiLlama reports a sharper 80% drop in daily volume on the platform over the last six months.

In early June, rumors circulated that Pump.fun was looking to raise $1 billion through a token sale that would value the company at $4 billion. Neither the platform nor its co-founder, Alon Cohen, confirmed these rumors despite a report at the time citing sources familiar with the matter.

The post Gate.io Erases Evidence of a Potential $600M Pump.fun Token Sale appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The company explained in a social media post that the initiative was aimed at providing another chance for community members to be part of the XPL token sales. Earlier in the week, Plasma kick-started its maiden round of stablecoin deposits, setting a total limit of $500 million with an individual cap of $50 million. By depositing stablecoins into the vault, users can secure the right to buy Plasma’s XPL token.

After reaching the initial cap of $500 million in less than an hour, it was clear that demand was high. The cap was subsequently increased to $1 billion and filled in just 30 minutes. Plasma clarified that this $1 billion stablecoin deposit should not be misconstrued as a $1 billion raise. It went on to add that the public sale of XPL tokens has not yet started, and that tokens worth $50 million will be sold at a fully diluted valuation of $500 million.

The company stated, “To clarify: this is not a $1 billion raise. Deposits are not the sale itself, and the XPL public sale hasn’t started yet. All funds will be bridged to Plasma mainnet beta and remain fully owned by depositors. Depositors earn the right to participate in the sale based on their final units at the time of the lock-up. The public sale terms remain unchanged: $50 million will be sold at a $500 million fully diluted valuation.”

Plasma also addressed concerns from community members who found it difficult to join, indicating that the announcement was made on short notice to minimize bot setups and allow more room for genuine participants.

According to data from Arkham, Plasma’s vault currently holds $558 million worth of USDC, $396 million worth of USDT, $16.6 million in USDS and around $3.4 million in Dai.

High-profile crypto trader Jordan Fish, aka Cobie, launched the angel investing platform Echo in March with the aim of consolidating fragmented angel investments in crypto startups. In May, Echo revealed its initial coin offering (ICO) subsidiary, Sonar, with Plasma as Sonar’s inaugural project.

Plasma, a Bitcoin sidechain built specifically to eliminate transaction fees in Tether’s USDT, secured $3.5 million in a funding round led by Bitfinex last October and raised an additional $20 million in Series A funding in February. The stablecoin arena has witnessed significant activities lately, with major U.S. banks and tech giants exploring stablecoin projects, and USDC issuer Circle going public.

The post Plasma Expands Deposit Cap to $1B, Prepares for $50M Token Sale at $500M FDV appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The proceeds from the token sale are earmarked for the expansion of the World Network both domestically and internationally. It will also support the expansion of infrastructure for World IDs, a platform designed to authenticate a user’s identity online, as per a statement released on Wednesday.

World has already achieved significant traction, with over 26 million users engaging with the World Network and 12.5 million users creating a World ID by using the company’s Orb. The Orb is a unique device that scans a user’s iris to gather their biometric data.

The company, in a statement, emphasized the rapid evolution of AI and the need for tools to differentiate humans from machines to scale at a similar pace. This funding round aligns with their long-term mission and is supported by the initial backers who believed in World’s potential to become one of the pioneering self-sustaining protocols.

World had previously announced its plans to launch in several US cities including Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. Users who create their World ID by scanning their irises at a World Orb are rewarded with WLD tokens, thereby “proving their humanness” in the digital world.

World’s developer, Tools for Humanity, previously raised $115 million in a funding round in May 2023, led by Blockchain Capital and supported by a16z crypto, Bain Capital Crypto, and Distributed Global. Sam Altman, CEO of OpenAI, is a co-founder of World. World, originally known as Worldcoin, launched its WLD token in July 2023.

As of May 21, WLD was valued at $1.13. The Block, an independent media outlet that provides news, research, and data about the crypto industry, reached out to World for further comments.

The post World Secures $135M Through WLD Token Sale for US Expansion appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Commencing on Tuesday, May 20, 2025, at 08:00 UTC, the sale will run for seven days, concluding on Tuesday, May 27, 2025. During this time, the $NAORIS token will be available for acquisition. Interested parties can participate without pre-registration and can buy $NAORIS using ETH, USDT, or USDC. Those who pre-registered and completed the Naoris Protocol’s Know Your Customer (KYC) verification process were able to participate right from the leap-off of the sale.

Since its launch on January 31, 2025, Naoris’s post-quantum testnet has made considerable strides, processing over 64 million post-quantum transactions, onboarding 2.1 million wallets, deploying over 828,000 security nodes, and mitigating 342 million cyber threats. This feat has cemented its position as the fastest-growing trust and security layer in Web3.

David Carvalho, CEO and Founder of Naoris Protocol, shared his excitement over the overwhelming demand for their pre-registration whitelist and the evident interest in their protocol. He emphasizes that the threat to cryptography from quantum computing is imminent, and Naoris Protocol is the first-ever architecture that can seamlessly integrate with any EVM-compatible blockchain and secure transactions against quantum threats.

Naoris Protocol is supported by industry experts and cyber pioneers such as David Holtzman, former CTO of IBM; Ahmed Reda Chami, Ambassador for Morocco to the EU; Mick Mulvaney, former White House Chief of Staff; and Inge Kampenes, former Major General and Chief of Norwegian Armed Forces Cyber Defence.

Designed to secure a wide array of systems in traditional Web2 sectors and beyond, the protocol operates at the Sub-Zero Layer, allowing it to secure blockchain transactions, DEX dApps, nodes, bridges, and other Web3 systems without causing operational disruption. Naoris Protocol’s security infrastructure is powered by post-quantum cryptography, decentralized AI, and aligns with emerging EU and US quantum standards.

In 2022, Naoris Protocol raised a total of $31 million, with support from visionary leader Tim Draper and institutional investors such as the Holdun Family Office and CLS Global.

To learn more about Naoris Protocol, visit https://www.naorisprotocol.com/

The post Naoris Protocol Launches Token Sale and Pioneers Post-Quantum Infrastructure appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.