Portal presyoPORTAL

The German Federal Financial Supervisory Authority, BaFin, has ordered Ethena GmbH to stop all public sales of its stablecoin USDe. This comes after the German financial markets regulator found serious flaws in Ethena GmbH’s USDe approval process. Per the BaFin announcement on March 21, 2025, the public sales of Ethena ( ENA )’s synthetic dollar Ethena USDe violates the European Union’s Markets in Crypto Asset Registration rules. With stablecoin regulation being one of the EU’s major enforcement priorities, a lack of MiCAR compliance has become a key obstacle for stablecoin issuers. “The BaFin also has reasonable grounds to suspect that Ethena GmbH in Germany sells securities in the form of sUSDe tokens from Ethena OpCo. Ltd. without the required prospectus,” the regulator said. BaFin has therefore ordered Ethena to immediately cease any sales to the public. The enforcement measures include a freeze on USDe reserves held by Ethena’s custodian. Additionally, Ethena GmbH is required to shut down its website portal and stop registering new customers. While Ethena GmbH has been prohibited from selling USDe, the order only applies to primary sales. In this case, BaFin’s order does not affect secondary sales. Ethena Labs issued a statement on X following the news. “We were informed today that Ethena GmbH’s application under the MiCAR regulatory framework will not be approved. While we are disappointed by this decision, we will continue to evaluate alternative frameworks.” According to the crypto platform, BaFin’s order doesn’t affect the stablecoin’s listing. The decision will also not affect minting and redemption through Ethena Limited, the company’s entity registered in the British Virgin Islands, which handles the majority of USDe minting. “USDe remains fully backed [and] no assets have been “frozen”” Ethena noted.

$PORTAL .... News Alert For PI Network? Now don't miss out on MIRA Network! Download MIRA Network now and mine Lumira coins. maximum supply of just 250M. Use The invitation code: comcomabbi

One of the biggest DeFi platforms in the Solana ecosystem, Raydium, revealed LaunchLab, a new token launch platform. The move has drawn interest among the crypto community since LaunchLab apparently resembles PumpFun, the portal originally dominating the memecoin token market on Solana. JUST IN: Raydium set to launch token launchpad called LaunchLab, that will initially resemble a direct fork of PumpFun. pic.twitter.com/mlmWuN33dk — Whale Insider (@WhaleInsider) March 18, 2025 PumpFun has become a go-to choice for new projects looking to release their tokens fast and free from complex legal obstacles in recent months. Still, things have changed fundamentally since February 2025. Data from Dune Analytics shows that, following four straight weeks starting February 17, 2025, the token “graduation” rate on PumpFun —that is, tokens that successfully pass the incubation phase and become totally trading on the Solana DEX—has dipped below 1%. Stated differently, investors seem to be disinterested in the platform’s presented model. Moreover, a March 19, 2025, analysis revealed that the daily income of PumpFun had plummeted sharply by 95% over the last month. They were still registering daily revenues of about 12,000 SOL (about $2 million in February), but in March their figure decreased drastically to barely 1,000 SOL (about $100,000). Raydium saw a chance to offer a more flexible alternative with LaunchLab among PumpFun’s diminishing performance. They not only replicated the existing features but also provided more customizing choices for projects wishing to release their tokens. The option to select from a range of price models—including linear, exponential, and logarithmic bonding curves—introduced was one intriguing aspect. LaunchLab also lets third-party users create their own fee structures, providing projects greater control in choosing their launch approach. LaunchLab seems to aim to reach more developers who were once reluctant to use the PumpFun model owing to its system limitations using this more open method. Launching LaunchLab seems to be exactly timed. While PumpFun battles to remain relevant, Raydium has acted aggressively to close a market gap. Fascinatingly, Raydium’s decision to launch LaunchLab was also impacted by news that PumpFun is creating its own AMM, as we previously reported , therefore reducing their reliance on the liquidity supplied by Raydium. This results in a direct conflict between two main stakeholders in the Solana ecosystem, therefore driving two different outcomes. Should LaunchLab be successful in attract new projects, the dominance of PumpFun may be progressively undermined. Specifically on Solana, the crypto community has responded differently to this news. While some hope LaunchLab would generate more chances for new projects to thrive, others are dubious the platform will really provide anything better than PumpFun. Meanwhile, as of press time, RAY is swapped hands at about $1.94, up 3.77% over the last 24 hours and 23.05% over the last 7 days.

The Multi-Chain DID Gateway for Web3: Nabox Wallet 🔐🌐 Designed not just for storing assets but also for redefining your digital identity across chains, Nabox Wallet becomes one of the most powerful and flexible crypto wallets in the always changing terrain of Web3. Nabox is unique in that it integrates Decentralized Identity (DID) and is Multi-Chain compatible. From a single easy interface, Nabox supports 50+ blockchains—including Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, and NULS—all of which enable smooth cross-chain asset management and identity validation. But Nabox is your portal to the distributed world, not just a wallet. By means of DID integration, you regain control of your digital identity, safeguarding your data and thereby engaging in the growing Web3 environment. Nabox offers a smooth, safe, and user-friendly interface whether your trading tokens, working with dApps, or bridging assets between networks. Nabox is created for the future; fast, light, and privacy-oriented. Your identity must evolve with Web3 and Nabox guarantees it does, safely and fluidly. Nabox Wallet is your launchpad if you're ready to welcome a distributed future with total asset and identity management.$XRP $ETH $BTC

✳️Bubblemaps price surges over 70% ✳️ ➡️As of Mar. 17, Bubblemaps ($BMT ) has surged 40% in the past 24 hours, with its trading volume reaching $51 million an increase of 188%. Most of this rally occurred in the last few hours, with the price rising from around $0.085 to $0.14. However, it has since retraced to $0.13 at the time of writing, according to CoinMarketCap. Today’s surge follows a steep drop right after the token launch, likely driven by profit-taking from airdrop claimants. The price hit an all-time high of $0.1684 on Mar. 11 and a low of $0.0714 on Mar. 12, followed by a period of consolidation between $0.09 and $0.11.” The airdrop is now live, allowing eligible users to claim their tokens through the $BMT claim portal. However, with the price surging and trading volume rising, it appears that many claimants are choosing to hold onto their $BMT tokens rather than sell.