Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
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US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Quick Answer: Creating a meme coin on Solana in 2026 takes less than 10 minutes and costs under $1 using Pump.fun or LetsBONK.fun — no coding required. Connect a Phantom or Solflare wallet with a small amount of SOL, go to your chosen launchpad, fill in your token name, ticker, supply, and image, then deploy. Your token is immediately tradeable on the platform’s bonding curve and graduates to PumpSwap or Raydium once it hits the liquidity threshold. Creating the token is trivial; building the community and liquidity that make it survive beyond launch day is where most projects fail.
Key Takeaways Solana is the dominant meme coin chain in 2026 — ultra-low fees (~0.000005 SOL per transaction), 400ms block times, and an ecosystem purpose-built for token speculation Pump.fun remains the most widely used launchpad; LetsBONK.fun overtook it in market share in mid-2025 (66.5% vs 22%), offering higher creator revenue (0.1% vs 0.05%) Creating a meme coin costs under 0.1 SOL (~$15) on launchpads; manual SPL token creation with Raydium liquidity requires ~0.8 SOL+ Only ~1.5% of Pump.fun tokens ever “graduate” (hit the $69K liquidity threshold to move from bonding curve to PumpSwap) — the vast majority become worthless within hours A Phantom or Solflare wallet is required; fund it with at least 0.5–1 SOL before starting Key post-launch success factors: Twitter/Telegram community, influencer mentions, DEXScreener trending status, and ideally an Elon Musk or celebrity reference in the concept Meme coin creation carries significant financial risk — most tokens go to zero; never invest more than you can afford to lose entirely Why Solana Is the #1 Meme Coin Chain in 2026 Solana became the default chain for meme coin creation for three structural reasons:
Speed: Solana processes transactions in 400 milliseconds with ~400,000 TPS capacity — fast enough that buying a new meme coin token feels as instant as clicking a button, critical for the “ape in early” psychology that drives meme coin speculation.
Cost: Transaction fees on Solana are approximately $0.000005 — essentially free. Creating a token costs under $1 on launchpads. Compare this to Ethereum where gas fees alone can exceed $50–$200 for token deployments.
Ecosystem: Pump.fun, LetsBONK.fun, PumpSwap, Raydium, Jupiter, DEXScreener, and DexTools are all deeply integrated with Solana, creating a seamless pipeline from token creation to trading discovery to viral distribution.
As blockchainreporter has reported, Pump.fun tokens dominate Solana DEXScreener charts — all top 10 trending Solana coins on DEXScreener in a single day were launched through Pump.fun, with Introvert Coin posting a 1,508% gain within 11 hours of launch.
What You Need Before You Start 1. A Solana wallet
Phantom (phantom.app) — most popular; browser extension and mobile app Solflare — alternative with strong hardware wallet support Backpack — newer option popular with advanced users Install the browser extension or mobile app, create a new wallet, and back up your seed phrase securely — this is non-negotiable.
2. SOL for fees
Launchpad creation (Pump.fun / LetsBONK.fun): ~0.02–0.1 SOL Initial liquidity (optional but recommended): 0.5–2 SOL+ Manual SPL token creation + Raydium liquidity pool: ~0.8–1.5 SOL Buy SOL on Binance, Coinbase, Kraken, or directly via MoonPay inside Phantom 3. Token assets
Token name (e.g., “DogeFather”, “BabyPepe”, “Musk Inu”) Ticker symbol (3–6 characters, e.g., DGFR, BPEPE, MINU) Token image (PNG or GIF, ideally 500×500px — this is your most important branding asset) Short description (1–2 sentences for the launchpad listing) Social links (Twitter/X, Telegram — set these up before launch) 4. Concept The meme concept is more important than any technical detail. In 2026, winning themes include: animal memes (dogs, cats, frogs), celebrity parodies (Elon Musk, Trump, AI figures), current viral events, internet culture references, and AI-themed names. Research trending Twitter hashtags and Reddit threads before finalizing your concept.
Method 1: Create a Meme Coin on Pump.fun (No-Code, Fastest) Pump.fun is the default starting point for most meme coin creators. It handles smart contracts, bonding curve pricing, and initial liquidity automatically — no coding required.
How Pump.fun works:
Every token launches on a bonding curve: price increases as more people buy, decreasing as they sell When a token reaches $69,000 in liquidity, it “graduates” — the bonding curve ends and the token migrates to PumpSwap (Pump.fun’s native DEX, launched March 2025) with a locked LP As blockchainreporter reported, PumpSwap launched with zero migration fees (down from 6 SOL), instant migrations, improved liquidity, and creator revenue sharing Step-by-step:
Step 1: Go to pump.fun and connect your wallet Navigate to pump.fun in your browser. Click “Connect Wallet” and select Phantom or Solflare. Approve the connection in your wallet pop-up.
Step 2: Click “Create a new coin” Located on the homepage. You’ll see a token creation form.
Step 3: Fill in your token details
Name — your meme coin’s full name Ticker — 3–6 character symbol Description — 1–3 sentences; include references that will resonate with your target community Image — upload your token logo (PNG/GIF, square format recommended) Twitter/X link — strongly recommended; copy directly from your new account Telegram link — strongly recommended; set up a group before launch Website — optional but adds credibility Step 4: Set your initial buy (optional but important) Pump.fun allows you to buy a portion of the supply immediately at launch, before anyone else can. This provides initial liquidity and signals creator confidence. Even 0.1–0.5 SOL here shows community commitment — but be aware this also means you hold tokens at risk.
Step 5: Click “Create coin” and confirm in your wallet Pump.fun charges approximately 0.02 SOL (~$3) as a creation fee. Confirm the transaction in your Phantom/Solflare wallet. Your token is now live on the Solana blockchain.
Step 6: Share your token page immediately Your token’s Pump.fun page URL is your primary marketing asset in the first hour. Post it on Twitter/X, Telegram, and relevant Discord servers immediately. The first 30 minutes after launch are critical — bonding curve tokens that don’t attract buyers quickly become dormant.
Method 2: Create a Meme Coin on LetsBONK.fun LetsBONK.fun overtook Pump.fun as Solana’s largest meme coin launchpad in market share during mid-2025. As blockchainreporter reported, LetsBONK.fun captured 66.5% of Solana’s memecoin launchpad market while Pump.fun fell to 22%.
Key advantages over Pump.fun:
Higher creator revenue: 0.1% per trade vs Pump.fun’s 0.05% BONK token integration: BONK holders receive additional benefits Slightly different community: tends to attract a different speculator base than Pump.fun Process: Nearly identical to Pump.fun — connect wallet, fill in token details, set initial buy, deploy. The UI is similar enough that anyone familiar with Pump.fun can use LetsBONK.fun within minutes.
Method 3: Create an SPL Token Manually (More Control) For creators who want full control over supply distribution, liquidity, and token authorities, the manual SPL token route via Smithii or Solana Token Creator is the better choice.
Why choose manual SPL creation:
Control over initial token distribution (airdrops, presales, team allocation) Ability to launch directly on Raydium with custom liquidity amounts Revoke mint and freeze authorities for increased trust and rugpull resistance Not limited to Pump.fun’s bonding curve structure Tools needed:
Smithii.io — Solana Token Creator with LP creation, no coding required Raydium (raydium.io) — for creating your liquidity pool Phantom or Solflare wallet with 0.8–1.5 SOL General steps:
Go to Smithii’s Solana Token Creator Enter token name, symbol, supply (typically 1 billion tokens for meme coins), decimals (6 recommended for SOL meme coins), and image Configure authorities: consider revoking freeze authority (prevents anyone from freezing wallets) and mint authority (prevents new tokens from being minted) — these improve community trust Deploy the token (fee ~0.1–0.3 SOL) Create a Raydium liquidity pool pairing your token with SOL Optionally burn your LP tokens to demonstrate permanence Launchpad Comparison 2026 PlatformCreation CostCreator RevenueGraduation TargetDEX After GraduationBest ForPump.fun~0.02 SOL0.05% per trade$69K liquidityPumpSwapFastest launch, widest audienceLetsBONK.fun~0.02 SOL0.1% per tradeSimilarRaydium/PumpSwapHigher creator yield, BONK communityPumpup.ai~Lower than PumpAI discovery toolsSimilarRaydiumAI-powered trending toolsSmithii / Manual SPL~0.8–1.5 SOL total100% controlN/A (direct Raydium)Raydium from day 1Full control, custom distribution Pumpup.ai emerged as a second major Solana meme coin launchpad, offering AI-powered hot lists and approximately 16 SOL lower liquidity costs per token than Pump.fun.
After Launch: What Determines Success or Failure The token creation itself is the easy part. Over 2 million tokens were launched on Pump.fun in 2025; only ~1.5% graduated. Here’s what separates the few that survive from the overwhelming majority that go to zero within hours:
Twitter/X Community Post your token immediately on Twitter/X with a dedicated account. Crypto Twitter influencers (KOLs) with audiences in the 50K–500K range are the primary viral distribution vector for Solana meme coins. Even one retweet from an active crypto account can 10–100x volume overnight.
Telegram Group Create a Telegram community before launch. A token with an active, growing Telegram group signals social proof to potential buyers on Pump.fun or DEXScreener. Use a pinned message with token details, contract address, and buy link.
DEXScreener Trending DEXScreener (dexscreener.com) is the primary discovery tool for Solana meme coin traders. When your token trends on DEXScreener’s “Hot Pairs” or “New Pairs” lists, volume spikes dramatically. High transaction count and consistent buy activity are the metrics that drive trending placement.
Volume and Bot Activity Many creators use volume bots (legal, available through tools like Smithii) to simulate transaction activity and boost trending scores. While controversial, this is standard practice in the Solana meme coin market and can be the difference between a token being discovered and being ignored.
Influencer Mentions Elon Musk, Donald Trump, or any major celebrity mentioning a meme concept — even indirectly — can drive explosive short-term demand. Many creators specifically build tokens around trending celebrity names or events for this reason. Note: using real celebrity names or trademarks carries legal risk in many jurisdictions.
Narrative Timing The most successful Solana meme coins launch during or immediately after a viral news event. Having a concept ready to deploy in minutes when a major meme breaks is a strategic advantage.
Risks and What to Expect Realistically Most tokens fail. On July 30, 2025, 2,008 meme coins were created on Pump.fun; only 31 graduated (~1.54%). The overwhelming majority of tokens lose all value within 24–72 hours as initial buyers take profits and liquidity drains.
Rugpull risk. Meme coin markets are full of bad actors who create tokens, drive initial hype, and then sell all their holdings (“rug pull”) — collapsing the price and leaving other holders with worthless tokens. As a creator, never sell all your holdings abruptly and be transparent about your allocations.
Regulatory risk. Launching a token that resembles a security (promises of profit, investment returns) can attract regulatory attention. In 2026, US and EU regulators have become more active in pursuing meme coin creators who make explicit profit promises.
Tax implications. In most jurisdictions, creating a token and selling it is a taxable event. Trading profits from meme coins are typically subject to capital gains tax. Maintain records of all transactions.
Frequently Asked Questions How much does it cost to create a meme coin on Solana in 2026? Using Pump.fun or LetsBONK.fun, the cost is approximately 0.02–0.05 SOL (~$3–$8) for the token creation fee alone. If you add an initial buy to provide early liquidity, budget 0.5–2 SOL total. For manual SPL token creation with a Raydium liquidity pool, expect ~0.8–1.5 SOL minimum. All costs exclude the capital you allocate to initial liquidity.
Do I need coding skills to create a meme coin on Solana? No. Pump.fun, LetsBONK.fun, and Smithii's no-code token creator allow anyone to deploy a Solana meme coin with zero programming knowledge. You need only a wallet, SOL for fees, and a token concept with image.
What is the difference between Pump.fun and LetsBONK.fun? Both are Solana meme coin launchpads using bonding curve mechanics, but LetsBONK.fun offers higher creator revenue (0.1% per trade vs 0.05%) and integrates with the BONK token ecosystem. As of mid-2025, LetsBONK.fun held 66.5% of Solana launchpad market share versus Pump.fun's 22%. Process and cost are nearly identical.
What does "graduation" mean on Pump.fun? Graduation refers to a token reaching $69,000 in cumulative liquidity on its bonding curve, triggering automatic migration to PumpSwap (Pump.fun's native DEX) with the LP locked. Approximately 1.5% of Pump.fun tokens graduate. Most tokens never graduate and lose all value before reaching this threshold.
Can my meme coin make me money? Meme coins are highly speculative. A small number of Solana meme coins have returned 1,000x or more to early holders; the vast majority return zero. Success depends almost entirely on community growth, timing, and viral distribution — not on technical factors. Never invest funds you cannot afford to lose entirely.
Pump.fun’s slowdown is starting to show up across Solana’s network economics.
The Solana memecoin launchpad’s seven day average token graduation rate fell to 0.26% in the week of June 16, an 80% decline over three months. The metric tracks how many tokens launched on Pump.fun make it to an automated market maker after completing the bonding curve.
The drop marks a sharp reversal for one of Solana’s most important applications. Pump.fun helped drive the chain’s memecoin boom by letting users launch tokens quickly and cheaply, turning speculative retail activity into a major source of fees for both the platform and the network.
Solana’s average daily network fees have fallen to about 5,300 SOL in June from 33,000 SOL in January, an 84% decline. Pump.fun’s reduced activity is one of the main drivers of that pullback, alongside a broader cooling in memecoin speculation.
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Pump.fun’s own revenue has also fallen sharply. The platform averaged about $800,000 in daily revenue in early June, down from several million dollars per day during stronger market conditions earlier in the cycle.
The pressure is visible in the PUMP token. The token has traded near $0.0015, far below its 2025 highs, reflecting weaker platform activity and lower expectations for future fee generation.
The shift is not just about Pump.fun. Speculative capital has been rotating away from Solana memecoins and toward perpetual futures platforms such as Hyperliquid, where leverage and high turnover have created a more active trading environment.
That rotation has changed where crypto’s risk appetite is showing up. Earlier in the cycle, Solana memecoins absorbed much of the market’s retail speculation. More recently, decentralized derivatives venues have captured a larger share of that activity.
Pump.fun has tried to respond with new incentives and product changes. The platform has adjusted its fee model, introduced creator rewards, expanded beyond its original Solana only focus, and launched Pump.fun GO as it looks for new ways to revive usage.
The buyback program has also become central to the platform’s token strategy. Pump.fun has spent hundreds of millions of dollars buying back PUMP, but the token remains under pressure as revenue and graduation rates weaken.
The bigger issue is structural. Pump.fun’s economics depend on a steady flow of new token launches, active trading, and enough retail demand for those tokens to graduate into deeper liquidity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews reported on June 17th that, according to The Block, activity on Pump.fun, the once dominant meme coin launch platform on Solana, continues to deteriorate, with token graduation rates, revenue, and network fees all declining sharply. The 7-day average Pump.fun token graduation rate dropped to 0.26% last week, a decrease of 80% in three months. Daily revenue in June was only about $800,000, far below the $4.8 million six months ago. The PUMP token has fallen 40% over the past six months.
The decline of Pump.fun has impacted the Solana network, with daily fees dropping to 5,300 SOL in June, significantly lower than the 33,000 SOL in January. Analysts believe that a large amount of capital previously invested in the Solana meme has shifted to perpetual contract trading on Hyperliquid, consistent with the rapid growth of HIP-3.
For two years, Solana’s secret growth engine was memecoins. The endless churn of new tokens minted on Pump.fun generated a flood of transactions and fees that powered the network’s comeback. Now that engine is sputtering, and Solana’s fee revenue is feeling it. The slowdown exposes an uncomfortable truth about what has really been driving SOL.
Solana’s network activity is showing a notable shift in June 2026: a sharp drop in memecoin launches on Pump.fun, the platform that became synonymous with Solana’s speculative boom, is cutting into the network’s fee revenue (live SOL price on CoinGecko). The cooldown highlights just how much of Solana’s on-chain economy has leaned on memecoin speculation.
Why Pump.fun matters so much to Solana Pump.fun is the platform that let anyone launch a memecoin on Solana in seconds, and it became a phenomenon. At its peak, it generated an enormous share of Solana’s daily transactions and a meaningful chunk of network fees, as traders churned in and out of thousands of new tokens.
That activity was a double-edged sword. It showcased Solana’s speed and low costs, proving the network could handle massive transaction volume. But it also meant a large part of Solana’s fee revenue and on-chain activity rested on one highly speculative use case. When the memecoin frenzy is hot, Solana’s metrics look incredible. When it cools, those same metrics deflate.
What the slowdown reveals The current Pump.fun slowdown is doing exactly that. Fewer token launches mean fewer transactions, which means lower fee revenue for the network. It is a direct hit to one of the headline numbers that made Solana’s 2025 and early 2026 story so compelling.
The deeper point is about quality of activity. Critics have long argued that memecoin-driven volume is not the same as durable adoption, and that a network leaning on it is exposed when sentiment turns. The slowdown is a real-time test of that thesis. It raises a fair question: how much of Solana’s growth is genuine utility, and how much is speculative churn that fades with the memecoin cycle?
The other side: Solana is bigger than memecoins There is a constructive counterpoint. Solana’s ecosystem has expanded well beyond Pump.fun. Real activity is growing in areas like the Solana-native trading card platform Collector Crypt, which recently drove a 129% weekly fee increase through wallet integration, plus DeFi, payments, tokenization, and the only consistently positive spot ETF flows among major assets in several recent sessions.
Solana is also pressing ahead with major technical upgrades, including the Alpenglow consensus overhaul aimed at slashing transaction finality, and the Firedancer validator client designed to boost throughput and reliability. These point to a network building durable infrastructure, not just riding a memecoin wave. A memecoin slowdown trims a speculative revenue stream, but it does not undo Solana’s broader ecosystem growth.
What it means The Pump.fun slowdown is a useful reality check rather than a crisis. It reminds the market that a meaningful slice of Solana’s eye-catching activity has been speculative, and that those numbers can fall as fast as they rose. For SOL holders, the signal to watch is whether non-memecoin activity, real DeFi, payments, and consumer apps, can keep growing to offset the speculative cooldown.
If it can, Solana’s story matures from “memecoin chain” toward durable infrastructure. If it cannot, the network’s metrics stay tied to the boom-and-bust of speculative cycles. The slowdown does not answer that question yet, but it makes the question impossible to ignore.
FAQ Why are Solana’s fees dropping?
A sharp slowdown in memecoin launches on Pump.fun, a major source of Solana transactions, has reduced network activity and fee revenue. It highlights how much of Solana’s on-chain economy has relied on speculative memecoin activity.
What is Pump.fun?
Pump.fun is a Solana-based platform that lets anyone create a memecoin in seconds. It became a major driver of Solana’s transaction volume and fee revenue during the memecoin boom.
Is the Solana slowdown bad for SOL?
It trims a speculative revenue stream, which is a short-term negative for network metrics. But Solana’s ecosystem has grown beyond memecoins into DeFi, payments, and consumer apps, and major upgrades like Alpenglow and Firedancer continue, so the broader story remains intact.
What is Solana doing beyond memecoins?
Solana is expanding in DeFi, payments, tokenization, and consumer apps like Collector Crypt, and it has the only consistently positive ETF flows among major assets recently. It is also advancing the Alpenglow consensus upgrade and Firedancer validator client.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
Pump.fun, the Solana-based memecoin factory, has launched a new bounty marketplace called GO that lets anyone post a task with crypto rewards held in escrow. Complete the task, get paid.
The kinds of tasks people are posting, and completing, range from absurd to genuinely alarming.
From toilet bowls to mountain peaks GO launched on June 4 and immediately became a content machine. One of the highest-profile bounties offers roughly $50,000 to $59,000 in SOL for someone willing to place a bet on prediction market Howl.com from the summit of Mount Everest.
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Other bounties have been more achievable, if no less questionable. Multiple users have claimed rewards for getting forehead tattoos, with at least one misspelled result becoming the foundation for an entirely new memecoin.
That token, BOUTYWORK, reportedly hit a market cap exceeding $600,000. A typo, permanently inked on someone’s face, became a six-figure speculative asset.
The platform operates on a straightforward mechanic. Users post bounties funded in SOL or associated memecoins. The crypto sits in escrow until the task is verified as complete. Hundreds of bounties have appeared since launch, with over $336,000 in unclaimed rewards sitting on the platform as of mid-June.
The $690,000 problem Shortly after GO launched, a bounty related to suicide appeared on the platform, valued at approximately $690,000. The backlash was swift and loud across social media, with critics calling the platform reckless for allowing such content to surface at all.
Pump.fun says it moderates bounties, but the approach appears reactive rather than preventive. A bounty has to exist, and often gain attention, before it gets flagged and addressed.
The viral loop economy What makes GO particularly notable is the feedback loop it creates. A bounty gets posted. Someone completes it. The completion itself becomes content. That content spawns a new memecoin. The memecoin generates trading volume. The trading volume attracts more attention to the platform.
BOUTYWORK is the clearest example. A misspelled tattoo bounty led to a token that briefly became a tradeable asset with real market cap. The person with the tattoo became a walking advertisement for both the platform and the token.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Pump.fun’s new GO bounty feature is facing fresh criticism after reports said users completed or posted tasks involving tattoos, public humiliation and high-risk stunts for crypto rewards.
Summary
Pump.fun’s GO feature has paid over $370,000 while hundreds of bounties remain open online. Reported tasks range from charity actions to forehead tattoos, job quitting videos and risky stunts. Critics say crypto rewards can pressure vulnerable users into unsafe or humiliating public behavior online. The Solana meme coin launchpad introduced GO in early June as a marketplace where users can create paid tasks and lock rewards in escrow.
According to the New York Post, the feature has paid out more than $370,000 since June 4. The report said about 270 open bounties still offered more than $200,000 in rewards, with some tasks ranging from charity actions to stunts that critics called unsafe or degrading.
How the GO bounty feature works As previously reported by crypto.news, Pump.fun launched GO as a bounty marketplace with more than 320 active tasks and $144,000 in unclaimed rewards shortly after going live. Users could connect an X account and crypto wallet, then post or complete tasks for payouts starting at $5.
Pump.fun promoted the feature with the phrase “Pay ANYONE to do ANYTHING.” Bankless reported that rewards sit in escrow until Pump.fun reviews a submission, and that the platform has final authority over approval, rejection or cancellation.
Reports point to strange and risky tasks The New York Post reported that one man in the Philippines received $15,000 in crypto after tattooing “bounty.fun” on his forehead. Other listings reportedly included putting a face in a toilet, quitting a job on camera and climbing Mount Everest for a large reward.
Some listed tasks were harmless, including feeding stray animals or donating clothes. Others raised safety and dignity concerns. Wired reported that several bounties pushed people toward embarrassment, harassment or possible legal risk, while some submissions appeared to use AI-generated images as proof. Wired also noted that payouts can be split among several entries.
Public criticism grows New York Governor Kathy Hochul criticized the platform on X, calling it a “dystopian nightmare” and saying she would support the first bill introduced to ban it. X head of product Nikita Bier also criticized the feature, saying it showed people using money to push others into shameful acts.
The concern is not only about strange internet behavior. Critics argue that crypto rewards can put pressure on people with fewer resources to accept tasks they might otherwise avoid. Pump.fun warns users that participation is at their own risk, according to the New York Post. The company did not immediately comment to the outlet.
Earlier Pump.fun controversy adds context The backlash follows earlier concerns around Pump.fun’s livestreaming tools. crypto.news reported that Pump.fun had shut down livestreaming after users became more extreme in how they tried to attract attention. The feature later returned with stricter moderation.
The Defiant reported that GO drew backlash within hours of launch after an extreme listing appeared on the platform. The report said GO gives Pump.fun sole authority to accept or reject tasks and submissions, while its public rules still leave many decisions to platform review.
Pump.fun remains one of the most watched meme coin platforms on Solana. Its GO feature now places the company in a wider debate over crypto incentives, user safety and online attention markets. The platform’s next steps may depend on how it handles moderation and public pressure. It may also face closer scrutiny from policymakers and consumer advocates.
Pump.fun’s new crypto bounty feature is facing growing criticism after users began posting and completing tasks involving public humiliation, tattoos, workplace confrontations and risky stunts in exchange for digital asset rewards. The feature, called GO, allows users to create bounties, lock crypto rewards in escrow and pay participants who submit approved proof of completion.
The Solana-based memecoin launchpad introduced GO in early June with the premise that users could pay others to complete public challenges. Since launch, the platform has reportedly paid out more than $370,000, while hundreds of open bounties remain available. Some tasks have been harmless or charitable, including feeding stray cats and donating clothes. Others have drawn criticism for encouraging degrading, unsafe or legally questionable behavior.
Reported bounties have included putting a face in a toilet, quitting a job on camera, getting crypto-themed tattoos and attempting extreme promotional stunts. One widely cited example involved a man in the Philippines reportedly receiving $15,000 after tattooing “bounty.fun” on his forehead. Other listings have included large rewards for climbing Mount Everest or attending World Cup matches while displaying crypto-related signs.
Bounties revive moderation concerns The controversy has revived concerns that Pump.fun’s product design rewards shock value over safety. Critics argue that the bounty model can pressure economically vulnerable users into performing humiliating or dangerous acts for small payouts, while project creators and token promoters benefit from viral attention.
The structure of GO makes those concerns more acute. Users can create public tasks tied to memecoins or online campaigns, while participants compete to produce content that attracts attention and qualifies for payment. Pump.fun acts as an intermediary by holding funds in escrow and reviewing submissions, but its terms place responsibility for actions, wallet security, submissions and legal compliance on users.
That model creates a difficult moderation challenge. If bounties are too open-ended, they can quickly become vehicles for harassment, exploitation or unsafe public behavior. If the platform intervenes too aggressively, it risks weakening the viral, permissionless appeal that made the feature attractive to memecoin communities in the first place.
The backlash also follows Pump.fun’s earlier livestream controversies, when users performed extreme or offensive acts to promote tokens and attract traders. The platform previously paused livestreaming after incidents raised safety and moderation concerns. GO is now being criticized as a new version of the same problem: financial rewards attached to viral spectacle.
Memecoin incentives face scrutiny The broader issue is not only individual stunts, but the incentive structure behind memecoin promotion. Pump.fun became one of crypto’s most visible retail trading platforms by making it easy to launch Solana-based tokens. That helped fuel a wave of speculative coins, many of which relied on online attention rather than underlying utility.
GO extends that attention economy into real-world actions. Instead of merely posting memes or promoting tokens online, users can now fund public performances designed to generate clicks, outrage and price speculation. That may increase engagement, but it also blurs the line between marketing, gambling, entertainment and exploitation.
For regulators and consumer protection advocates, the feature raises several questions. Platforms may face scrutiny if paid tasks encourage trespassing, harassment, self-harm, unsafe travel, workplace disruption or other unlawful conduct. Even when tasks are user-generated, a platform that hosts, promotes and approves bounty submissions may face pressure to explain its safeguards.
The reputational risk for Pump.fun is also rising. The platform is already associated with volatile memecoin trading, pump-and-dump accusations and speculative retail behavior. A bounty system built around viral dares could deepen the perception that the platform profits from reckless incentives rather than sustainable crypto adoption.
Supporters may argue that GO is simply a marketplace for user-created tasks and that participants choose whether to take part. But the criticism reflects a broader discomfort with crypto products that convert financial desperation and online humiliation into tradable attention.
For now, GO appears to be drawing both activity and controversy. The more important question is whether Pump.fun can moderate the feature before it produces a serious safety incident. If it cannot, the bounty marketplace may become another example of memecoin culture pushing product growth faster than platforms, users and regulators can manage the consequences.
TL;DR Pump.fun launched GO in early June as a bounty marketplace backed by escrowed crypto rewards. The feature has drawn criticism over dangerous, degrading and poorly moderated user-created tasks. The backlash highlights how crypto incentives can create regulatory and safety risks when platforms reward viral behavior. A Viral Crypto Feature Becomes A Moderation Test Pump.fun’s GO feature is facing growing backlash after turning crypto rewards into a marketplace for user-created bounties. The Solana-based memecoin platform launched GO in early June, allowing users to escrow SOL or tokens and pay participants who submit proof that they completed specific tasks.
In theory, the feature could be used for harmless community challenges, marketing campaigns or charity-style prompts. In practice, critics say it quickly exposed the darker side of pay-anyone incentive design. Reports and public criticism have pointed to degrading, risky and potentially harmful challenges, along with concerns that weak moderation could push vulnerable users toward unsafe behavior in exchange for crypto payouts.
Why The Backlash Has Escalated The controversy is not just about one platform feature. It touches a broader question that has followed memecoin markets for years: what happens when speculative crypto incentives are attached to attention, humiliation and viral performance?
GO creates a direct financial reward for completing a visible task. That can make content more engaging, but it can also pressure people to cross boundaries they would normally avoid. The model becomes even more sensitive when rewards are denominated in volatile tokens, when tasks are designed for public spectacle, and when moderation decisions are made after a bounty has already started circulating.
New York Governor Kathy Hochul publicly criticized the feature, calling for restrictions on what she described as a dystopian model. The political response matters because it signals that regulators may treat the issue not merely as crypto speculation, but as a consumer safety and public welfare problem.
A Familiar Problem For Memecoin Platforms Pump.fun has been one of the most important launch venues in the Solana memecoin ecosystem, but its growth has also come with repeated scrutiny over platform responsibility. GO adds a new layer because it moves beyond token launches and into real-world actions funded by crypto rewards.
The core challenge is structural. A bounty marketplace needs scale and openness to work, but openness creates obvious abuse risks. If a platform allows anyone to pay anyone for almost anything, it needs strong guardrails before dangerous listings appear, not only after public criticism starts.
For the wider crypto market, the story is another reminder that consumer-facing crypto products are increasingly judged by the behavior they incentivize. Memecoin platforms may argue that users create the content, but regulators and lawmakers are unlikely to ignore the role of escrow systems, platform design and monetization when real-world harm becomes part of the debate.
The safest editorial framing is therefore not to amplify the worst examples, but to examine the incentive design. A crypto escrow layer can make online dares feel more liquid, more gamified and more financially urgent. That is exactly the kind of structure lawmakers are likely to question if platforms cannot show that they can moderate harmful bounties before money and attention push them further across social media.
This article was written by the News Desk and edited by Samuel Rae.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Pump.fun, the Solana-based platform that turned meme coin launching into a one-click affair, is now searching for a chief legal officer. The price tag: a base salary between $1 million and $5 million, plus commission and bonuses.
The CLO role covers an almost comically broad legal surface area. SEC oversight in the US, MiCA compliance in Europe, and UK regulatory frameworks all fall under the position’s umbrella.
Pump.fun operates under Baton Corporation Ltd, a UK-registered entity that launched the platform in January 2024. In the roughly 18 months since, the company has generated approximately $800 million in revenue from trading and graduation fees. It currently processes over $300 million in daily transaction volume.
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Multiple class-action lawsuits have been filed against Baton Corporation since January 2025. The core allegation across these cases is that tokens launched on Pump.fun qualify as unregistered securities. One notable case, Aguilar v. Baton Corporation, puts the controversial nature of meme coin regulation front and center.
The platform also got hit with a user ban in the UK back in December 2024. Accusations of pump-and-dump schemes associated with meme coins launched on the platform have further complicated its legal posture.
In July 2025, Pump.fun raised approximately $1.3 billion through the initial coin offering of its native PUMP token. That figure broke down to roughly $600 million in public sales and about $720 million from private funding.
The PUMP token saw significant volatility following its ICO launch. Pump.fun has enabled the launch of millions of meme tokens since its inception.
For PUMP token holders and active users of the platform, the outcomes of the ongoing class-action lawsuits could be defining. If courts determine that tokens launched via Pump.fun are unregistered securities, the ripple effects wouldn’t stop at Baton Corporation’s door. The Aguilar lawsuit and the UK ban are early indicators of a coordinated, multi-jurisdictional pressure campaign.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Baton Corporation, the development company behind memecoin launchpad Pump.fun, is seeking a Chief Legal Officer at a base salary of $1M to $5M, a compensation band that puts the hire among the best-paid legal executives in crypto.
Baton Corporation, the UK-headquartered development company behind Pump.fun, is recruiting a Chief Legal Officer at a base salary of $1M to $5M, co-founder Alon Cohen posted Wednesday on X.
A $1M base floor for a CLO is well above the median for senior in-house legal executives at most crypto firms; the $5M ceiling rivals packages at major US investment banks. Per the job posting, the hire will lead regulatory engagement, respond to agency inquiries, and represent the company in proceedings alongside outside counsel.
The job posting describes Pump.fun as processing "$300M+ daily volume" and says the platform generated "more than $500M in profit" last year "with a team of fewer than 100 people."
Baton describes itself as "one of the fastest growing crypto platforms in history" and cites ambitions to build a "global consumer brand that tokenizes the world's highest potential, early-stage ideas."
The CLO will sit alongside an existing General Counsel and take on four core domains: US digital-asset regulatory affairs covering SEC, CFTC, FinCEN and OFAC; product and commercial counsel; corporate governance across Baton's UK parent and any US or international subsidiaries; and cross-border compliance spanning UK FCA, EU MiCA and APAC jurisdictions.
The posting also calls for oversight of AML/KYC programmes and management of litigation, class actions and law enforcement requests.
Pump.fun has previously drawn attention for its content policies after its GO Bounty platform launched to immediate backlash. The Defiant has also covered the platform's revenue model, including a 50% revenue buyback-and-burn initiative announced earlier. The new CLO hire adds a legal infrastructure layer to what has, until now, been a lean headcount operation.
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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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June 17, 2026
Aster DEX just handed its tokenomics a structural overhaul, and its crypto token rockets. The announcement redirecting 99% of daily platform fees into automatic ASTER buybacks sent the token up over 10% on the day.
Under the upgraded model, Aster executes TWAP buybacks across each day, settling on-chain to a public wallet. For every token repurchased, an equal amount is permanently burned from reserves, starting with team allocations.
[Tokenomics Update] $ASTER Buyback and Burn Steps Up to 198%
Aster is upgrading its buyback so the platform's own activity both rewards stakers and sets $ASTER on a deflationary path.
Starting from 12:00 PM UTC today, 99% of Aster's daily platform fees buy back $ASTER. An equal…
— Aster 🥷 (@Aster_DEX) June 17, 2026 All bought-back tokens flow directly into Loyalty Rewards, stacked atop the existing 300,000 $ASTER base pool and distributed proportionally to veASTER lock weight. The protocol has already completed over $214 million in cumulative buybacks, reclaiming more than 143.38 million ASTER (7.11% of supply) in under a month.
Aster has drawn consistent comparisons to Hyperliquid as institutional capital rotates toward on-chain derivatives infrastructure, making this tokenomics upgrade more than a housekeeping move. It’s a direct competitive signal.
Discover: The Best Crypto to Diversify Your Portfolio
Can ASTER Crypto Break $1?Before the crypto announcement, ASTER was trading in a tight range, consolidating under $0.7 after a brief spike to $0.76 months ago, a level it failed to hold. The token broke a short-term downtrend line in the lead-up to the announcement, posting a 12% rally in less than 2 hours, but resistance near $0.75 has rejected the price twice.
Support is long gone; it was clustered in the $0.63 demand zone, where every sell pressure has been absorbed. The 30-period moving average sits near $0.65, acting as a short-term floor. RSI hovering near 61 signals moderate bullish momentum.
For its crypto holders, daily buybacks of $2–3 million would compress supply steadily, and unlock pressure from the locked airdrop wallet might be absorbed. If all those happen, ASTER could clear $1 to open a path toward $1.50 once again.
Discover: The Best Token Presales
Bitcoin Hyper Eyes Early-Stage Entry as ASTER Tests Structural ResistanceASTER’s 10% pop on strong tokenomics news underscores a familiar dynamic: the market rewards supply-side discipline, but established tokens with billions of market cap face a different risk/reward than early-stage entries. At this market cap, the multiple is compressed. The asymmetry has already been partially priced. That’s exactly where traders with a different time horizon start looking elsewhere.
Bitcoin Hyper ($HYPER) is a Bitcoin Layer 2 presale building what it bills as the first-ever BTC L2 with Solana Virtual Machine (SVM) integration, targeting sub-second finality on top of Bitcoin’s security layer. The pitch directly addresses Bitcoin’s three structural constraints: slow throughput, high fees, and limited programmability.
Hard numbers: presale price sits at $0.0136, total raised has crossed $32.8 million, and staking carries a high APY for early lockers. The Decentralized Canonical Bridge handles native BTC transfers without custodial wrapping. The DEX token game might be too late to enter, and Bitcoin layer 2 could be the next narrative.
Research Bitcoin Hyper before the next stage closes.
Aster has overhauled its tokenomics model, directing nearly all platform revenue toward ASTER buybacks while introducing a long-term burn mechanism that could remove up to 5 billion tokens from supply.
The protocol announced on June 17 that 99% of daily platform fees will now be automatically used to purchase ASTER on the open market. All bought-back tokens will be distributed to veASTER stakers as additional rewards. At the same time, an equal amount of ASTER will be burned from reserve allocations.
The change links protocol activity directly to token demand and introduces a supply-reduction strategy that continues until ASTER’s total supply falls to 3 billion tokens.
Buybacks now tied directly to platform revenue Under the new model, Aster will use 99% of daily platform fees to buy ASTER through an automated time-weighted average price [TWAP] mechanism.
The purchased tokens will be sent to a public buyback wallet before being distributed to veASTER holders during reward epochs.
The buyback rewards will be added to the protocol’s existing 300,000 ASTER base loyalty rewards, increasing staking incentives as platform activity grows.
Aster also said revenue generated from permissionless spot listings will contribute to the program. Every listing incurs a 50,000 USDT fee, which will be used to purchase additional ASTER for staking rewards.
Burn program targets supply reduction The protocol simultaneously introduced a burn mechanism tied directly to buyback activity.
For every ASTER token purchased through the revenue-backed buyback system, an equal amount will be burned from reserve allocations.
According to the update, tokens from the team allocation will be burned first before other reserve categories are used.
Burns will be executed every two weeks and continue until ASTER’s total supply reaches 3 billion.
Based on Aster’s current maximum supply of 8 billion ASTER, the long-term target implies a potential reduction of up to 5 billion tokens.
Community remains largest allocation The update also reaffirmed Aster’s broader token allocation structure.
According to the project, 53.5% of ASTER’s supply remains allocated to community rewards and airdrops. 30% is reserved for ecosystem growth, partnerships, liquidity incentives, and staking programs.
The treasury allocation accounts for 7% of supply, with 5% reserved for team contributors and advisors and 4.5% allocated to liquidity and exchange listings.
The team allocation remains subject to a 12-month cliff followed by 40 months of linear vesting.
Final Summary Aster will use 99% of daily platform fees to buy back ASTER, with purchased tokens distributed to veASTER stakers. The protocol will burn an equal number of reserve tokens for every ASTER bought back, aiming to reduce the long-term supply from 8 billion to 3 billion tokens.
TLDR: Aster now directs 99% of daily platform fees toward ASTER buybacks and staking rewards distribution. Each ASTER purchased through buybacks triggers an equal token burn from reserve holdings. The burn program starts with team allocations and targets a supply reduction to 3 billion ASTER. Permissionless listing fees also fund ASTER purchases that boost veASTER staking rewards. Aster has expanded its ASTER buyback program with a new mechanism that links platform revenue to both staking rewards and token burns. The update directs nearly all daily platform fees toward buying ASTER from the market while removing an equal amount of tokens from reserves.
The changes took effect at 12:00 PM UTC and introduce a new deflationary element to the token’s economic model. The move also increases reward allocations for veASTER stakers through daily buyback distributions.
ASTER Buyback Program Redirects Platform Revenue to Stakers According to information shared by Aster on X, 99% of the platform’s daily fees will now fund ASTER buybacks.
The purchased tokens will not return to circulation through treasury holdings. Instead, Aster will allocate them directly to veASTER stakers.
The platform said each epoch will include the existing 300,000 ASTER Loyalty Rewards allocation. Daily buyback amounts will be added on top of that base reward pool.
Reward distribution will continue through the veASTER system. Users receive allocations according to their lock weight within the staking structure.
Aster also stated that buybacks will execute automatically through a time-weighted average price process. The purchases occur throughout the day before settling on-chain.
The company published a dedicated buyback wallet address. That wallet allows users to verify transactions and monitor purchases independently.
The update extends beyond trading revenue. Aster noted that every permissionless token listing on Aster Spot requires a 50,000 USDT fee.
Those listing fees will also support ASTER purchases. The acquired tokens will enter the staking reward system as additional distributions.
[Tokenomics Update] $ASTER Buyback and Burn Steps Up to 198%
Aster is upgrading its buyback so the platform's own activity both rewards stakers and sets $ASTER on a deflationary path.
Starting from 12:00 PM UTC today, 99% of Aster's daily platform fees buy back $ASTER. An equal…
— Aster 🥷 (@Aster_DEX) June 17, 2026
ASTER Burn Plan Targets Supply Reduction to 3 Billion Tokens Alongside the buyback expansion, Aster introduced a matching burn mechanism tied directly to daily purchases.
For every ASTER token bought through platform fees, the project will burn an equal amount from reserve holdings. The burn operates on a one-to-one basis.
According to Aster, the process begins with tokens allocated to the team reserve. The project launched with a total supply of 8 billion ASTER.
The burn program will continue until total supply reaches 3 billion tokens. That target would remove 5 billion tokens from circulation over time.
Aster stated that both the buyback and burn process remain publicly visible. Users can verify activity through the published wallet addresses and on-chain records.
The update creates a direct link between platform activity and token supply changes. Higher platform usage increases buyback volume while triggering corresponding burns.
The mechanism marks one of the largest token supply reduction targets disclosed by the project since launch. It also formalizes a system that combines staking incentives with ongoing supply contraction.
Decentralized Finance (DeFi) tokens exhibit mixed signals on Wednesday, with Uniswap (UNI) slightly pulling back from an early-week rally to highs around $3.73, while Aster (ASTER) extends its recovery near $0.80. Bitcoin (BTC) holds above $65,000 following a rejection at June highs around $67,000.
The segment’s total market capitalization remains just under $70 billion, up 5% over the past 24 hours. Block Street (BSB), Magma Finance (MAGMA), and TRIA (TRIA) are also among the best-performing tokens, according to CoinGecko.
In the meantime, investors remain cautious ahead of the Federal Reserve’s (Fed) interest rate decision later in the day, which is widely expected to leave rates unchanged in the 3.50%-3.75% range.
Traders will be closely monitoring Fed Chair Kevin Warsh’s post-meeting press conference for forward guidance, as surging inflation, now at a three-year high, heightens sensitivity to any signals on future monetary policy.
On the bright side, the United States (US) and Iran are scheduled to sign the Memorandum of Understanding (MoU) on Friday to end the war in the Middle East. The expected reopening of the Strait of Hormuz and the removal of the naval blockade on Iranian ports would ease pressure on global Oil and Gas prices, which had stayed high since the war started. West Texas Intermediate (WTI) Crude Oil is priced at $76, down from June’s high of $95 and $113 recorded in March.
WTI Oil price chart1. Uniswap holds higher support as derivatives scale upUniswap trades above the $3.00 short-term support following a correction from highs around $3.73. The DEX token exploded following Standard Chartered’s prediction that institutional adoption of its blockchain infrastructure could push it above $6.00 by the end of this year and to $100 by 2030.
Retail appetite for UNI derivatives returned, amounting to a perpetual Open Interest (OI) of $212 million on Wednesday, up from $168 million the day before. CoinGlass data shows a narrowing to $144 million on Friday, underscoring the surge in retail demand. If investors continue to increase risk exposure by opening new positions, UNI may resume its uptrend, targeting highs above $4.00.
Uniswap Futures OI | Source: CoinGlassUniswap remains capped in the short term, holding below the 100-day Exponential Moving Average (EMA) at $3.37 and the 200-day EMA at $4.18, keeping the broader bias tilted to the downside despite the recent rebound. The Moving Average Convergence Divergence (MACD) histogram is in positive territory on the daily chart, while a firm Money Flow Index (MFI) near 63 suggests improving upside momentum within this still constrained setup.
UNI/USDT daily chartOn the topside, initial resistance comes at the 100-day EMA near $3.37, and a sustained break above this barrier would expose the 200-day EMA around $4.18 as the next medium-term cap. Looking down, immediate support lies at the 50-day EMA close to $3.06, with the Parabolic SAR level near $2.49 acting as a deeper floor if selling pressure resumes.
2. Aster bulls build momentumAster has staged an impressive breakout, rallying over 15% on Wednesday to approach the critical $0.80 mark at the time of writing. As the native token of a leading perpetual trading platform, ASTR is holding above key technical levels, including key moving averages, indicating strong bullish momentum and increasing the probability of a continued move toward the $1.00 threshold.
The derivatives market is showing signs of strengthening, with futures open interest rising to $372 million on Wednesday from $365 million the previous day. Sustained growth in the OI will be crucial to confirm the uptrend as investor confidence continues to build.
Aster Futures OI | Source: CoinGlassAster holds above the 50-day, 100-day and 200-day EMAs, suggesting a constructive near-term bias as price is supported by the broader trend structure. The Parabolic SAR has flipped below price at $0.59, adding to the bullish tone, while the MACD histogram has turned positive on the daily chart, hinting at recovering upside momentum. Moreover, the MFI lingers near the lower band, implying modest buying pressure so far.
ASTR/USDT daily chartOn the downside, immediate support is seen at the recent breakout and pivot area near $0.76, with stronger demand likely emerging at the 200-day EMA around $0.72 if a deeper pullback unfolds. The 100-day EMA at $0.68 and the 50-day EMA at $0.67 line up as additional layers of trend support, ahead of the Parabolic SAR level near $0.59, which guards the broader bullish structure.
(The technical analysis of this story was written with the help of an AI tool.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
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ASTER has surged more than 20% after Aster unveiled a new tokenomics framework that commits almost all platform fee revenue to daily token buybacks and large-scale supply reductions.
Summary
ASTER surged over 20% after Aster committed 99% of platform fees to daily token buybacks. Aster plans to cut ASTER supply from 8 billion to 3 billion through ongoing reserve burns. Technical indicators turned bullish as ASTER broke above $0.65 and approached resistance near $0.81. According to a June 17 X post by Aster, 99% of the protocol’s daily fees will now be used to purchase ASTER from the open market beginning June 17 at 12:00 PM UTC. The announcement pushed the token close to $0.80 before some profit-taking emerged, with ASTER later changing hands near $0.74, up roughly 13% over the past day.
The update introduces a second layer of supply reduction alongside the buybacks. Aster said it will remove an equal amount of ASTER from reserve holdings each day, creating what the protocol described as a 198% combined buyback-and-burn effect.
Reserve reductions will begin with the team allocation and continue until the total token supply falls from 8 billion ASTER to 3 billion.
Additional demand could also come from Aster Spot. According to the protocol, every permissionless token listing on the platform will require a 50,000 USDT fee, with all proceeds earmarked for further ASTER buybacks that will be distributed to stakers through the rewards program.
Platform fees now drive ASTER rewards Rather than destroying purchased tokens, Aster said the acquired ASTER will be distributed to participants in its Loyalty Rewards program.
Under the revised model, each reward epoch will include a fixed allocation of 300,000 ASTER plus all tokens accumulated through daily buybacks.
Distribution will be directed to veASTER holders according to lock-weighted participation. Aster added that all buybacks will be executed through an automated daily time-weighted average price process and settled on-chain. To increase transparency, the project has also published the wallet address used for the purchases, allowing users to verify transactions independently.
By linking fee generation directly to token purchases, staking rewards and reserve reductions, the protocol has created a mechanism where higher trading activity results in larger buybacks and larger reward distributions.
Technical breakout places $0.81 resistance in focus Market participants responded quickly to the announcement, driving ASTER above a trading range that had largely contained price action since April. On the daily chart, the token broke through support-turned-resistance near $0.65 and climbed toward the next major barrier around $0.81.
Aster daily price chart — June 18 | Source: crypto.news The daily chart also showed strengthening momentum indicators following the move. ASTER’s Relative Strength Index rose above 65, while the MACD produced a bullish crossover accompanied by expanding positive histogram bars, signaling stronger buying pressure.
The $0.81 region remains an important level because it coincides with several prior rejection points visible on the daily chart. A successful break above that zone could expose the token to areas not tested since late 2025, while traders may look for the former resistance near $0.65 to act as support if the rally pauses.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
@Aster_DEX activated a major tokenomics upgrade on June 17, sending its native token $ASTER sharply higher within hours. Crypto Briefing reported that the token climbed near $0.80 after the announcement before settling around $0.74, still up roughly 12% on the day, with trading volume surging 317% to nearly $500 million.
How the 198% buyback-and-burn model works Starting at 12:00 UTC on June 17, Aster raised its buyback-and-burn ratio to 198%. Under the new structure, 99% of daily platform fees are used to buy back $ASTER from the open market, while an equal amount is simultaneously burned from reserves, creating what the protocol describes as a paired mechanism. The bought-back tokens are not destroyed. Instead, they flow to stakers through Aster's Loyalty Rewards program, with each epoch distributing a 300,000 $ASTER base reward plus the full buyback amount, allocated to veASTER holders by lock weight.
The reserve burn targets the team allocation first and will continue until total supply falls from 8 billion to a floor of 3 billion tokens. Buybacks run automatically through a daily TWAP process and settle on-chain, with the buyback wallet published publicly so users can verify activity in real time.
Aster also tied permissionless spot listing fees to additional buybacks: each new project listing on Aster Spot carries a 50,000 USDT fee, with proceeds going toward further $ASTER repurchases and additional staking rewards.
Context: a supply model already under pressure Today's upgrade is the latest in a series of supply-side moves. The Block noted earlier this year that Aster, the perps DEX backed by Binance founder Changpeng Zhao, cut monthly token emissions by 97%, replacing a linear unlock schedule with staking-only rewards. The protocol has also completed multiple staged buyback-and-burn rounds since launch. According to CryptoNews, the protocol has already completed over $214 million in cumulative buybacks, reclaiming more than 143 million $ASTER tokens in under a month ahead of today's upgrade. Insider token unlocks remain frozen until September 2026, which removes near-term dilution pressure.
The market has priced in the supply squeeze quickly. Whether the model delivers lasting results depends on one variable: sustained fee volume. Higher trading activity means larger daily buybacks, faster reserve burns, and bigger staking rewards.
Sources
Crypto Briefing: Aster climbs as DEX rolls out 198% buyback and burn update
Crypto Economy: Aster sets 198% ASTER buyback and burn model
The Block: Aster perps DEX switches to staking-only token emission model
Aster, the trading and settlement platform, has just flipped the script on its token economics in a way that could directly reshape supply dynamics for its native token ASTER. Instead of incremental adjustments, the protocol has committed to a sweeping redistribution of value that ties nearly all its platform revenue to buybacks and staking rewards.
According to the original report from WuBlockchain, the overhaul took effect on June 17 at 12:00 UTC. Under the new mechanism, 99% of daily platform fees will be automatically used to purchase ASTER from the open market. Simultaneously, an equal amount of ASTER will be burned from the project’s reserves, with the team allocation being the first to be sacrificed. This dual action — buyback and burn — is set to continue biweekly until the total token supply shrinks from 8 billion to 3 billion.
What makes this burn sequence particularly notable is that it starts with the team’s own holdings. In an environment where insider allocations often survive untouched, Aster is putting its treasury on the line first. The biweekly burns will gradually erode the team’s reserve, aligning incentives with users who might otherwise worry about lingering sell pressure from project insiders.
Where the Fees Go Instead of simply destroying the tokens bought with platform fees, Aster has chosen to redirect them to loyal stakers. Every ASTER token purchased through the buyback is distributed to veASTER holders as Loyalty Rewards, weighted by lock duration and amount. This shifts the value from one-time burns to sustained distribution to the community members who commit their tokens long-term.
The decision to pair a massive burn with a staking reward mechanism creates a dual pressure: the circulating supply contracts while the incentive to lock tokens intensifies. For a platform that relies on spot trading volume, this could translate into deeper liquidity and a more stable holder base over time.
Another change worth watching is the introduction of a fixed 50,000 USDT fee for each permissionless listing on Aster Spot. That entire fee will be used to buy back ASTER, adding a direct line from listing activity to staking rewards. It means that every new trading pair — whether a community-driven meme token or a mid-cap altcoin — feeds the same loop. The more listings, the stronger the buying pressure.
Supply Reduction: What 8 Billion to 3 Billion Means A 62.5% supply cut doesn’t just reduce the denominator in market cap calculations. It fundamentally changes how the protocol distributes value across its remaining holders. If platform usage stays constant or grows, the fee buyback will target a shrinking pool of tokens, potentially amplifying the price impact of each buyback event.
However, the speed of the supply reduction depends on daily fee generation. Aster hasn’t disclosed its fee revenue history, so the timeline remains unclear. If daily volumes are low, the burn may take years. If the spot market sees high listing activity and natural trading demand, the 3 billion target could arrive faster than expected. That variable is one of the biggest uncertainties for anyone evaluating the token right now.
What veASTER Stakers Should Know The Loyalty Rewards system isn’t a simple airdrop. Rewards are based on lock weight, meaning that short-term lockers get less, while those willing to lock tokens for extended periods receive a proportionally larger share. This mechanism, common in veTokenomics models, aims to reduce short-term speculation and encourage conviction. For ASTER, it means the circulating supply might become stickier as more holders opt for longer locks to maximize their cut of the fee-derived rewards.
One open question is how the reward distribution will handle the dual-token dynamic. Since rewards are distributed as ASTER, stakers who receive them may face a decision: compound by locking more into veASTER or sell into the market. If the latter becomes prevalent, some of the buying pressure from fees could be offset. Still, the forced burn from reserves provides a separate, independent contraction force that doesn’t rely on holder behavior.
The model echoes a growing trend in DeFi where protocols are moving away from emission-based rewards toward revenue-sharing mechanisms that tie token demand directly to platform usage. By committing 99% of fees to buybacks, Aster joins a small group of projects that have effectively eliminated treasury extraction and redirected everything back to token holders. That level of commitment can draw attention but also sets a high bar for delivery.
The next few weeks will reveal whether the market rewards this aggressive shift. Traders will likely monitor on-chain data for the frequency and size of the first few burn events, as well as any uptick in veASTER locking. If the token veers too far from the scheduled burn pace, questions about real platform fees could surface. For now, Aster has drawn a stark line: tokenomics built on immediate, tangible returns rather than vague promises.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Key Highlights Starting June 17, Aster will allocate 99% of all platform fees toward purchasing ASTER tokens from the open market. Every token buyback triggers an equivalent burn from reserve supplies, generating a dual 198% deflationary mechanism. The initiative aims to reduce ASTER’s total supply from 8 billion down to 3 billion tokens through systematic burns. Tokens acquired through buybacks flow directly to veASTER stakers through the platform’s Loyalty Rewards system. ASTER pierced the $0.65 resistance barrier and is now testing the $0.81 threshold. On June 17, 2026, Aster unveiled a transformative tokenomics restructuring that propelled its native ASTER token upward by more than 20% within 24 hours.
Aster Price The mechanism behind this surge is clear-cut: virtually all daily platform revenue—99% to be exact—will now fuel direct ASTER token purchases from secondary markets.
These buyback operations run automatically through a time-weighted average pricing mechanism, with all transactions recorded on-chain for full transparency. The protocol has made public the dedicated wallet address (0xa0edBaBcb48034e368de286b49F9603C7AfA1b60) to enable community verification of all purchases.
[Tokenomics Update] $ASTER Buyback and Burn Steps Up to 198%
Aster is upgrading its buyback so the platform's own activity both rewards stakers and sets $ASTER on a deflationary path.
Starting from 12:00 PM UTC today, 99% of Aster's daily platform fees buy back $ASTER. An equal…
— Aster 🥷 (@Aster_DEX) June 17, 2026
In a unique twist, each ASTER token repurchased from the market triggers the permanent destruction of an equivalent token amount from the project’s reserve wallet, beginning with team-allocated holdings.
This dual-action approach creates what the protocol terms a “198% combined deflationary pressure,” simultaneously reducing circulating supply through market removal and total supply through permanent burns.
Aggressive Supply Contraction Plan Token burns occur every two weeks and will persist until the maximum supply contracts from its current 8 billion to a final target of 3 billion ASTER.
As of the June 17 implementation date, the total supply registered at roughly 7.82 billion tokens, while circulating supply hovered between 2.68 and 2.70 billion.
Every ASTER token acquired via buybacks enters the Loyalty Rewards distribution pool. Each reward cycle features a baseline allocation of 300,000 ASTER tokens, supplemented by all tokens purchased during that period’s buyback operations, then distributed proportionally to veASTER holders according to their lock-up weights.
Additional buying pressure stems from Aster Spot’s listing mechanism. Each permissionless token listing carries a 50,000 USDT listing fee, with 100% of these proceeds channeled into the same buyback infrastructure.
Market Reaction and Technical Analysis ASTER peaked near $0.80 immediately following the announcement before encountering profit-taking activity. At last check, the token traded around $0.74, representing a roughly 13% daily gain.
Source: TradingView Examining the daily timeframe, ASTER successfully breached the $0.65 price level that had served as a ceiling since April.
The Relative Strength Index climbed beyond 65, while the MACD indicator generated a bullish signal with expanding green histogram bars.
The critical resistance zone now lies at $0.81, a level that has previously rejected multiple advance attempts. A decisive break above this barrier would push ASTER into price ranges unseen since the final months of 2025.
Should the price retrace, the former resistance at $0.65 is expected to provide support.
This enhanced program represents a significant evolution from earlier iterations that directed between 70–80% of platform fees toward buybacks, now capturing nearly total revenue for token economics optimization.
PANews, June 18 – FlashRescue co-founder @DarcyAri posted on X platform stating that an investigation found that after Aster issued an announcement yesterday regarding "upgrading the token economic model and increasing the buyback and burn ratio to 198%," a transit address downstream of the Aster Treasury address separately transferred 12.91 million ASTER (currently worth approximately $8.75 million) to a Binance-labeled address.
Author: PA一线
This content is for market information only and is not investment advice.
On June 17, 2026, Aster rolled out a sweeping tokenomics overhaul for its native asset ASTER, triggering a surge of more than 20 percent in the coin’s price within 24 hours. The protocol announced that it will allocate 99 percent of daily platform revenue to repurchase ASTER on the secondary market.
Automatic buyback and burn mechanismAccording to the details shared, all buybacks will be executed automatically using the time-weighted average price (TWAP) method. Transaction records will be kept fully on-chain, and the relevant wallet address has been made publicly available, supporting community verification. As a decentralized finance protocol, Aster aims to restructure the incentive scheme surrounding ASTER with this new approach.
Mini glossary: The time-weighted average price method spreads large purchases over time instead of executing them at once. This approach seeks to limit sharp price swings and balance transaction costs.
As of June 17, Aster stated that 99 percent of daily platform fees will be dedicated to ASTER buybacks, and for each token purchased on the market, an equivalent amount will be permanently burned from reserves.
A standout feature of this model is that for every ASTER bought back on the market, an equal number of tokens will be permanently burned from the project reserves. In the initial phase, token burns will focus on team allocations. The protocol describes this model as creating a combined deflationary impact of 198 percent in total.
This strategy is designed to reduce circulating supply through buybacks while bringing total supply down via permanent burns. According to Aster, token burns will take place biweekly and continue until the maximum supply decreases from 8 billion to 3 billion ASTER.
Supply target and reward distributionAs of June 17, total supply stood at approximately 7.82 billion tokens, while circulating supply was between 2.68 and 2.70 billion. All ASTER collected through buybacks will be transferred into the Loyalty Rewards pool.
Each reward period will guarantee a minimum distribution of 300,000 ASTER. In addition, any tokens accumulated via buybacks during that period will be added to the total rewards. These distributions will be proportional to veASTER holders based on their token lock-up weights.
Further buy-side pressure will come from the listing mechanism on Aster Spot. The entire 50,000 USDT fee collected for each unrestricted token listing will also be allocated to the same buyback infrastructure.
Market reaction and technical outlookFollowing the announcement, ASTER price briefly approached $0.80 before retreating slightly amid profit-taking. Most recently, the token traded around $0.74, registering a daily gain of about 13 percent.
On the daily chart, ASTER broke above the $0.65 barrier that had persisted since April. Technical indicators show a Relative Strength Index climbing above 65, and a positive signal emerging on the MACD. In the near term, resistance around $0.81 stands out as a crucial level. Surpassing that could send the price into zones not seen since late 2025, while any pullbacks may find support at $0.65.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Aster’s ASTER token surged more than 10% Wednesday after the token announced a massive buyback and burn program.The rally faded as a hawkish Federal Reserve decision pressured risk assets, leaving ASTER trading around 68 cents, down about 5% on the day at press time. Decentralized perpetuals-dedicated exchange Aster's native token ASTER popped and dropped sharply in 24 hours as protocol-focused bullish news ran into a hawkish Fed meeting and broader market weakness.
ASTER jumped over 10% to 80 cents on Wednesday hitting the highest level since January, according to CoinDesk Data, following the protocol's announcement of a new initiative under which it commits 99% of daily platform fees to an automated buyback program. Think of it as using your firm's revenue to buy back shares in your own company.
The announcement added that all tokens purchased through this mechanism are distributed as rewards to veASTER holders. veASTER is a non-transferable governance and reward token obtained by locking native ASTER tokens, granting holders platform fee revenue, voting power, and trading discounts on the Aster DEX.
Every buyback triggers an equal burn from the protocol’s reserve to further reduce supply. These bi-weekly burns will continue until the total supply reaches a target of 3 billion tokens. As of now, ASTER's total supply is 7.82 billion tokens.
The upgrade marks a shift away from the protocol's previous linear vesting model, in which tokens were auto-released to market regardless of demand, and it concluded earlier this year, in January 2026.
"Aster's tokenomics upgrade puts the platform's own activity to work," the protocol noted, highlighting that the new rewards are settled on-chain with "no discretionary reserve."
The token's bullish price action, however, was short-lived as the Federal Reserve's hawkish turn sent the dollar higher and weighed on risk assets, including cryptocurrencies.
As of writing, ASTER traded near 68 cents, down 5% on the day.
A whale wallet identified as 0x5f91 has opened a new 5x leveraged long position on Aster DEX, accumulating 3.86 million $ASTER tokens with a notional value of roughly $2.61 million. The move comes shortly after the same address suffered a complete wipeout, raising fresh questions about whether history is about to repeat itself.
A Costly Re-Entry The wallet's previous position was considerably larger. The trader had held a 5x leveraged long on 5.33 million $ASTER, valued at approximately $3.97 million, which was fully liquidated during a sharp market pullback, resulting in a loss of $530,600. Rather than stepping away, the address has returned with a scaled-back but still highly leveraged bet on the same token.
High-leverage positions on $ASTER carry well-documented risks. Leverage turns small price moves into large account swings, and with 5x exposure, even a modest correction can push a position past its liquidation threshold before a trader can react.
The Tokenomics Backdrop The aggressive re-entry follows a significant protocol update. Aster DEX announced a sweeping tokenomics upgrade on June 17, 2026, directing 99% of daily platform fees into automatic $ASTER buybacks for veASTER stakers while triggering matching burns to slash total supply toward 3 billion.
This dual action, buyback and burn, is set to continue biweekly until the total token supply shrinks from 8 billion to 3 billion. Notably, the burn sequence starts with the team's own holdings, and in an environment where insider allocations often survive untouched, Aster is putting its treasury on the line first.
The protocol has already completed over $214 million in cumulative buybacks, reclaiming more than 143.38 million ASTER (7.11% of supply) in under a month. The latest upgrade escalates that commitment further. The 198% mechanism (99% buyback plus 99% equivalent burn) creates a self-reinforcing loop: higher platform usage drives stronger buy pressure and accelerated deflation.
Whether the tokenomics upgrade can sustain upward price momentum, and spare the whale from another liquidation, remains to be seen. The speed of the supply reduction depends on daily fee generation, and Aster has not disclosed its full fee revenue history, so the timeline remains unclear.
Sources:
BeInCrypto: Aster Expands its Token Buyback Program, Price Jumps 10%
CryptoNews: Aster Crypto Explodes, Buyback and Burn News Sends Hyperliquid Rival Up 10%
Blockchain Reporter: Aster Overhauls ASTER Tokenomics, 99% of Fees to Buybacks, Supply Cut to 3B
ASTER fiyatı, şubat ayından bu yana yatay destek bölgesi olarak çalışan 0.6570 dolar seviyesini geçtiğimiz günlerde kaybetmiş ve bu bölgenin altında fiyatlama gerçekleştirmişti. Bu alanın kaybedilmesi, kısa vadeli teknik görünümde zayıflık sinyali olarak yorumlanmıştı.
Ancak son gelen haber akışıyla birlikte ASTER fiyatında yaklaşık %15’lik yükseliş görüldü. Bu hareket, fiyatın yeniden kritik destek bölgesinin üzerine taşınmasını sağladı. Şu an için ASTER tarafında en önemli soru, bu yükselişin kalıcı olup olmayacağı.
0.6570 Dolar Seviyesi Neden Önemli? Teknik açıdan bakıldığında 0.6570 dolar bölgesi, ASTER için kısa vadede en yakın destek alanı olarak öne çıkıyor. Fiyatın bu bölgenin üzerinde günlük kapanış yapması, gelen haber etkisinin teknik görünümle de desteklenmesini sağlayabilir.
İlginizi Çekebilir: Bitcoin ve Ethereum’da Düşüş: Kripto Piyasası Fed’e Takıldı!
Bu senaryoda ASTER, yalnızca haber kaynaklı bir tepki yükselişi göstermiş olmakla kalmaz; aynı zamanda teknik olarak da yeniden momentum kazanabilir. Özellikle günlük kapanışların 0.6570 dolar üzerinde gelmesi, alıcıların bu bölgede yeniden güç kazandığını gösterebilir.
ASTER/USDT paritesi günlük grafiği. Sert Düşüş Senaryosunda Manipülasyon Riski Var! ASTER fiyatı haber sonrası güçlü bir yükseliş göstermiş olsa da, sert geri çekilmeler her zaman dikkatle takip edilmeli. Eğer fiyat kısa sürede agresif bir satış baskısıyla karşılaşırsa, 0.6570 dolar desteğinin altına kısa süreli sarkmalar görülebilir.
Bu tarz hareketler piyasada manipülatif fitil veya likidite temizliği olarak değerlendirilebilir. Bu nedenle yatırımcıların yalnızca anlık fiyat hareketlerine değil, özellikle günlük kapanışlara odaklanması daha sağlıklı olacaktır.
Buna karşılık daha yavaş ve kontrollü bir geri çekilme yaşanırsa, 0.6570 dolar bölgesinin destek olarak çalışması daha olası hale gelebilir. Bu da fiyatın yeniden yukarı yönlü denemeler yapmasına zemin hazırlayabilir.
ASTER İçin 0.8170 Dolar Direnci Takip Edilmeli! Geniş grafik görünümünde ise 0.8170 dolar seviyesi ASTER için önemli bir direnç bölgesi olarak dikkat çekiyor. Bu alan, geçmiş fiyatlamalarda ciddi bir akümülasyon bölgesi olarak çalıştığı için yeniden kazanılması halinde güçlü bir yükseliş hareketi görülebilir.
ASTER fiyatının 0.8170 dolar üzerine yerleşmesi, teknik görünümde daha pozitif bir yapının oluşmasını sağlayabilir. Bu bölgenin kırılımı halinde piyasadaki alıcı ilgisinin artması ve fiyatın daha sert tepki vermesi mümkün olabilir.
Son dakika kripto para haberleri için hemen tıkla
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
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June 18, 2026 11:03 AM 6 min read
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The latest change will significantly increase fee allocation compared to the previous Stage 5 model, which had pegged allocation at 80%.
The Aster DEX unveiled a huge change to its tokenomics on June 17, allocating 99% of fees generated through its platform to an ASTER token buyback, with one-to-one burns from its reserves for each token purchase.
The #48-ranked cryptocurrency witnessed a massive rebound shortly after the announcement but has since given back most of those gains.
DEX Pushes Token Buybacks to 99% of Fees In a post on X, the YZ Labs-supported perp exchange said its upgraded tokenomics model went live at 12:00 PM UTC on June 17. Under the new framework, 99% of daily platform fees will be used to automatically buy back ASTER through time-weighted average price purchases executed throughout the day and settled on-chain.
Every token bought back will trigger an equal burn from Aster’s reserve, with the team allocation burned first, resulting in what they called a 198% buyback: 99% repurchased and 99% burned from reserve.
However, the coins that’ll be bought back won’t disappear. They’ll go directly to stakers after being added to the protocol’s Loyalty Reward pool, which already distributes 300,000 ASTER in every epoch.
And the burn target is quite significant. Recall that the DEX launched with a total supply of 8 billion tokens, and it intends to burn that down to 3 billion, meaning more than 60% of that supply has been earmarked for destruction.
CoinGecko states that the present circulating supply is at about 2.68 billion, while the total supply is 7.82 billion, so there’s still a long way to go before the burn target is reached.
Where ASTER Stands Now News of the new tokenomics mechanism had an immediate effect in the market. It saw ASTER’s value jump 23%, going from around $0.64 to $0.79 per CoinGecko. But it has since given back a fair bit of that gain and was trading near $0.65 at the time of writing, almost 73% below its September 2025 all-time high of $2.41.
Back in December 2025, the exchange announced a similar repurchase program, but at the time, the plan was to allocate 80% of daily fees to hoover up the token.
That was split between automatic daily buys, which took 40% of the fees, while another 20% to 40% was to be held in a discretionary strategic reserve, allowing the platform to conduct targeted purchases based on market conditions.
That announcement also coincided with a brief price uptick, with ASTER spiking 30% to $1.30, buoyed by news that ex-Binance CEO Changpeng Zhao was holding more than $2.5 million worth of the cryptocurrency.
The new plan has removed the strategic reserve approach entirely and pushed allocation much higher, with nearly all platform fee revenue going into automatic buybacks.
PANews, June 22 – Decentralized contract trading platform Aster announced the launch of the "$U Perpetual Milestone Competition," offering up to 150,000 U in incentives for the BTCU and ETHU perpetual contracts, which are being listed for the first time through its permissionless Listing Vote. The prize pool is linked to the total trading volume during the event period, excluding market makers: if the total volume does not exceed 200 million, the prize pool is 50,000 U; between 200 million and 500 million, it is 100,000 U; above 500 million, it is 150,000 U. Users must first register on the event page and disable their account privacy settings; only contract trading volume generated after registration will be counted. Trades via Binance Wallet, Trust Wallet, and other channels are all valid. Rewards are distributed based on the proportion of effective trading volume, with BTCU and ETHU enjoying a 1.5x trading volume multiplier. The event runs from June 22, 10:00 UTC to July 6, 14:00 UTC, and rewards will be distributed before July 15.
TLDRGet bStocks via Binance or onchain through PancakeSwap and Trust WalletPut them to work across BNB Chain by trading, supplying liquidity, or using them as collateralShare $300K+ in rewards across live ecosystem campaignsWhat are bStocks?bStocks are 1:1-backed tokenized U.S. securities, issued under an FSRA-approved Prospectus with a daily public proof of collateral, available to verify at any time.
Unlike Binance direct stocks, bStocks are BEP-20 tokens on BNB Smart Chain and tradable around the clock, with transactions taking under a few seconds. You can hold bStocks in any of your BSC-compatible wallets.
At the time of writing, six of the world’s largest companies are supported as bStocks: SpaceX (SPCXB), Circle (CRCLB), Micron (MUB), NVIDIA (NVDAB), Sandisk (SNDKB), Tesla (TSLAB), with more to come.
Where to Obtain bStocks?Via BinanceIf you already have a Binance account, you can go straight to bStocks and either tokenize your Binance direct stocks at zero conversion fee, or buy bStocks on Spot. For the former, enjoy the liberty to convert bStocks back to direct stocks with no lock-up, holding period or conversion fees.
Via OnchainIf you prefer to pick up bStocks directly onchain, simply swap your existing assets through platforms that are already supporting bStocks, like PancakeSwap and Trust Wallet, with more integrations coming.
Watch the tutorial on how to obtain some bStocks.
If you’re already holding bStocks, put them to work while continuing to earn dividends on your underlying equity position, plus earn a share of $300K+ with the live competitions across the BNB ecosystem.
Date: 17 June 2026, 12:00 UTC to 1 July 2026, 12:00 UTCHow to participate: Buy, sell, or swap $SPCXB and accumulate $500 in volume to qualify for leaderboard rewardsPrize pool: $100KJoin Trust Wallet's Trading campaign here
PancakeSwap: Add Liquidity to $SPCXB/USDT PoolHow to participate: Add liquidity to the $SPCXB/USDT pool*Prize pool: ~90% APR on PancakeSwap and ~30% APR on MerklJoin PancakeSwap’s LP campaign here
*Note: APR is variable and may differ in real time.
To celebrate the listing of $SPCXB on Aster Spot, a $100K trading competition is open for participation.
Date: 18 June 2026 10:00 UTC to 2 July 2026 14:00 UTCHow to participate: Trade $SPCXB on Aster Spot and rank the trading volume leaderboardPrize pool: $100K prize pool in $ASTER and $BNBJoin Aster's Trading Campaign here
Besides trading, you can also use supported bStocks as collateral on Aster. Find out more here.
ListaDAO now supports all six bStocks as collateral. Borrow against your equity positions without selling them, keeping your stock exposure intact while accessing liquidity onchain. A $100K competition is open for collateral depositors.
Dates:Phase 1: 22 June 2026 to 5 July 2026Phase 2: 6 July 2026 to 20 July 2026How to participate:Phase 1: Deposit any bStocks as collateral Phase 2: Deposit any bStocks as collateral Prize pool: $50K USDT in Phase 1, $50K USDT in Phase 2Join ListaDAO’s Campaign here
Venus ProtocolVenus Protocol has added supported bStocks in its collateral markets, allowing you to to supply bStocks as collateral within the Venus market.
An incentive program is launching soon. Follow Venus’s X to know when it goes live.
NativeNative is supporting 24/7 liquidity for bStocks, allowing tighter spreads and more reliable execution.
Supply bStocks in Native’s Credit Pool to earn APYs on your assets with zero impermanent loss.
Disclaimer:
This is not financial advice. Always do your own research and assess potential financial or security risks before interacting with any project mentioned.
bStocks are tokenized securities issued by BTECH Holdings Ltd (ADGM). They are not available to U.S. Persons or in restricted jurisdictions. A bStock does not constitute an offer, investment advice, or direct ownership of the underlying stock.
