News

Foresight News reports that Cosmos cross-chain smart contract platform Neutron tweeted that its network will shift to long-term maintenance mode, prioritizing the security of assets for users, builders, and stakeholders. Core changes include: Supervaults will prohibit new deposits starting March 16, DEX and Supervaults will be fully suspended by April 17 at the latest (only withdrawal channels will remain until June 30); dNTRN holders can exchange for NTRN via the Drop website or Neutron app starting March 23; wstETH holders must bridge back to Ethereum before June 30; the NTRN redemption mechanism will be announced later, and remaining assets after foundation liquidation are planned to be proportionally returned to the DAO.Governance, staking, and validator systems will abandon the Neutron custom model and switch to the standard Cosmos model; token inflation will be dynamically adjusted, and the foundation and DAO plan to burn a large amount of NTRN to reduce supply; Hadron Labs will maintain the network until June 30, after which it will shift to a low-maintenance community support mode; Fireblocks support will end by the end of April. The team stated that despite significant innovation over the past four years, the recent poor market environment and lack of a viable long-term strategy led to this decision.

PANews reported on March 17 that the Pump.fun ecosystem account posted on X platform, stating that in the past 7 days Pump.fun has repurchased PUMP tokens worth $8.52 million, with the total cumulative buyback amount reaching $328 million, offsetting 29.52% of the total circulating supply.

BlockBeats News, March 17th, according to GMGN monitoring, on the Solana blockchain, the Meme coin Punch experienced a short-term surge this morning, with a market cap rising from $10 million to a peak of $16.5 million before settling at $13.7 million, representing a 49% increase in 24 hours, with a trading volume of $3.5 million during the same period. It is reported that this round of increase was due to this Meme coin participating in a community listing vote on a certain exchange platform, with the current vote count reaching the minimum requirement of 73.61%.