Permissionless financial protocols will survive government and corporate efforts to impose traditional financial controls on DeFi. Decentralized finance (DeFi) protocols will survive government and corporate efforts to impose traditional financial regulations designed to create a walled garden of permissioned digital systems, according to Will Reeves, CEO and co-founder of Bitcoin (BTC) rewards company Fold. Reeves told Cointelegraph that regulatory proposals requiring DeFi protocols to embed biometric identity checks within smart contracts, or other similar traditional financial (TradFi) regulations, will backfire, as did efforts to control the spread of information on the internet. He also warned that governments and legacy financial institutions will use TradFi incentives to drive people to permissioned custody through traditional investment vehicles like exchange-traded funds (ETFs), which have benefits over holding crypto directly, including use as collateral for loans. He added: Read more
Crypto transactions are vulnerable to warrant-free surveillance, making privacy-enhancing tools essential for blockchain’s future. Opinion by: Vikrant Sharma, CEO of Cake Labs When the United States Supreme Court refused to hear Harper v. Faulkender on June 30, 2025, the court essentially endorsed the Internal Revenue Service’s sweeping “John Doe” summonses for cryptocurrency records. By letting a lower court ruling stand, the court confirmed that the century-old third-party doctrine stands for public ledgers just as it does for bank statements. Under the third-party doctrine, information voluntarily shared with another party, like a bank or blockchain, is no longer protected by the Fourth Amendment. When data leaves a person’s direct control, constitutional privacy protections vanish. Read more
Pump.fun has spent over $62 million on buybacks, absorbing 16.5 billion PUMP tokens in a bid to reduce sell pressure. Pump.fun has spent more than $62.6 million repurchasing its native token, PUMP, according to data from Dune Analytics. The buybacks have soaked up over 16.5 billion tokens at an average cost of $0.003785, as the platform looks to stabilize price action and reduce sell pressure. The buyback strategy uses platform-generated revenue, primarily fees collected from users launching memecoins, to execute daily token repurchases. Daily buybacks have consistently ranged between $1.3 million and $2.3 million over the past week, Dune Analytics data shows. Since launch, Pump.fun has generated over $775 million in revenue, according to data from DefiLlama. Notably, the platform saw a sharp revenue drop from July 28 to Aug. 3. During that time, Pump.fun brought in only $1.72 million weekly revenue, its lowest since March 2024. Read more