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Pump.fun will introduce a USDC trading pair for the newly issued token on May 21st.

1 hours ago

May 19: Solana-based token launch platform Pump.fun is rolling out a USDC trading pair for all new token listings starting May 21, a major pivot from its long-standing Solana-only model. Since going live in January 2024, the platform has cumulatively locked up roughly 5.07 million SOL (valued at around $4.3 billion) as tokens move to liquidity pools—an update projected to significantly impact Solana’s broader economic structure.
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Former FTX Executive Launches Crowdsourced 'Simulated Trading Strategy' AI Trading Platform UpsideOnly

May 19: Former FTX Europe executive Patrick Gruhn’s firm launched the UpsideOnly platform on Tuesday, Bloomberg reports. The platform turns crowd-sourced "paper trading strategies" into shared real-money profits, relying solely on the company’s own funds to execute trades. Investors submit "paper trades" forecasting future prices for assets like oil, gold, and stocks. An AI model sifts through these submissions to select the most profitable strategies; the company then uses its capital to carry out real trades based on these top picks. Once those real trades generate gains, half of the profits are allocated to the traders who provided the effective signals.

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Polymarket Partners with Nasdaq to Launch Prediction Market for Unlisted Companies

May 19: Per Reuters, Polymarket has partnered with Nasdaq to launch a prediction market for pre-IPO companies, allowing users to trade based on valuation, IPO timing, and post-IPO market valuation.

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TD Cowen Raises Strategy Price Target to $400, Maintains 'Buy' Rating

TD Cowen announced on Tuesday, May 19 that it has lifted its price target on Strategy to $400 from $395, citing accelerated growth in the company’s per-share Bitcoin holdings and a balance sheet maneuver viewed as a clear positive for both equity and debt holders. Authored by analyst Lance Vitanza and associate Jonnathan Navarrete, the report maintains a “Buy” rating on the stock. The $5 increase in the price target stems primarily from TD Cowen’s upward revisions to its projected 2026 Bitcoin earnings and Bitcoin dollar returns, driven by the fund’s operational performance since the last earnings period exceeding previous model assumptions.

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Spot Gold Breaks Below $4500 Mark

May 19: Per Bitget market data, spot gold prices extended their slump, slipping below $4,500 per ounce with a 1.45% intraday decline. Spot silver also fell below $74 per ounce, posting a 4.74% intraday drop.

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US Stock Market Opens Lower, Technology Sector Generally Declines

May 19, per Bitget market data, U.S. stocks opened lower, with the Dow Jones down 0.37%, the S&P 500 down 0.43%, and the Nasdaq down 0.65%. The technology sector posted widespread losses, with Micron Technology (MU.O) falling 2.7%, Intel (INTC.O) down 1.7%, and Qualcomm (QCOM.O) declining 2.3%.

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The 30-Year US Treasury Bond Yield Hits Highest Level Since 2007

On May 19, the yield on the U.S. 30-year Treasury bond continued to rise, hitting 3.181%—a new high unseen since 2007. (FX678)

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