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  • Bitcoin ATMs appear in Nairobi malls as Kenya’s new crypto law faces early compliance test

    Bitcoin ATMs appear in Nairobi malls as Kenya’s new crypto law faces early compliance test

    Bitcoin ATMs appear in Nairobi malls as Kenya’s new crypto law faces early compliance test

    • They appeared soon after the Virtual Assets Service Providers Act of 2025 took effect.
    • CoinATMradar currently lists two Bitcoin ATMs in Kenya.
    • The Central Bank of Kenya and the Capital Markets Authority say no VASP is licensed yet.

    Bitcoin ATMs have surfaced across major shopping malls in Nairobi, only days after Kenya activated its first comprehensive crypto law, creating an unexpected test for regulators who have not yet authorised any crypto provider to operate.

    The machines, branded Bankless Bitcoin, appeared beside traditional bank kiosks and offered cash to crypto services to shoppers.

    Their arrival coincides with the early phase of Kenya’s Virtual Assets Service Providers Act of 2025, which came into effect on 4 November and set the first formal rules for crypto businesses.

    Gaps in licensing

    Local outlet Capital News confirmed that multiple malls in Nairobi had new machines installed, expanding beyond earlier attempts to introduce crypto ATMs in Kenya.

    In 2018, The East African reported that BitClub deployed Bitcoin ATMs in the city, although the machines never reached mainstream retail spaces and adoption remained limited.

    Kenya currently has two reported Bitcoin ATMs, making the latest installations notable for their placement in high-traffic commercial environments.

    Regulators signal caution

    The new law assigns oversight responsibilities to two regulators. The Central Bank of Kenya will handle payment and custody functions, while the Capital Markets Authority will regulate investment and trading activity.

    However, the regulations required to begin licensing crypto firms have not yet been issued.

    In a joint notice released on Tuesday, the Central Bank of Kenya and the Capital Markets Authority stated that they have not licensed any VASP to operate in or from Kenya under the new Act.

    They also warned that companies claiming authorisation are doing so without approval.

    The National Treasury is developing the regulatory framework that will decide when licensing can begin, placing operators in a temporary environment where the law exists but permissions do not.

    This creates a visible gap. Bitcoin ATMs are entering public spaces even as regulators tell the public that no provider has met the requirements laid out in the law.

    The contrast places pressure on authorities to clarify enforcement and could shape how crypto firms approach compliance in the near term.

    Informal use grows

    The spread of Bitcoin ATMs into high end malls highlights Kenya’s evolving crypto landscape.

    Capital News reported that Bitcoin usage has long been active in lower income neighbourhoods such as Kibera, where residents use BTC as a form of banking in areas with limited access to formal financial services.

    People have relied on crypto to store value without extensive documentation or traditional banking infrastructure.

    The shift from informal areas to upscale malls suggests that consumer interest is expanding even while regulatory conditions remain unsettled.

    The coexistence of visible infrastructure and incomplete licensing rules places Kenya at an early crossroads as it moves from a largely informal crypto market to a regulated one.

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  • Early PUMP investors dump 25.5 billion tokens, pocketing nearly $40 million in profit

    Early PUMP investors dump 25.5 billion tokens, pocketing nearly $40 million in profit

    Early PUMP investors dump 25.5B tokens, pocketing nearly $40M profit

    • Two wallets offloaded PUMP worth $141M the previous week.
    • The sales yielded around $39.65 million in profit.
    • The transactions (made to FalconX and CEXs) have raised concerns over Pump.fun’s token distribution.

    As the GENIUS Act fuels the altcoin season narrative, a bold move involving the recently launched PUMP coin has raised eyebrows within the cryptocurrency community.

    According to EmberCN’s July 21 X post, two wallets that participated in Pump.fun’s private placement have offloaded 25.5 billion PUMP tokens, worth approximately $141 million.

    The transaction saw the investors netting combined $39.65 million profits within a week.

    The speed and magnitude of these transfers have stirred widespread debates among crypto enthusiasts, with many questioning Pump.fun’s token distribution structure and the altcoin’s long-term price stability.

    Key investors exit PUMP

    The first wallet D6ar…Lazd secured 25 billion PUMP coins after joining the institutional round with $100 million USDC.

    Notably, this private placement mirrored a public sale as it lacked a lock-up period with the same buying price.

    That’s unusual for institutional investors.

    While the market rallied over the last week, driven by regulatory changes in the United States, this wallet sent 13 billion tokens, worth approximately $71.46 million, to a trading and liquidity platform FalconX.

    Meanwhile, the assets later moved into multiple central exchanges (CEXs).

    The investor dumped at around $0.0055 average price, accumulating $19.5 million returns in less than a week.

    The second wallet walked away with around $20.15 million with a similar approach.

    It received 12.5 billion tokens after committing $50 million USDC to the private sale.

    Meanwhile, the whale moved all the tokens to CEXs, locking in returns at $0.0056 average price per PUMP coin.

    Maximum liquidity without lock-up

    The most noticeable thing is that these private round participants didn’t have lock-up terms.

    Generally, institutional crypto purchases include vesting periods to ensure stability and discourage sudden dumps.

    In Pump.fun’s saga, large-scale investors were free to offload immediately, giving them an edge over retail players who joined later.

    Further, the community criticized for creating an irregular playing ground with equal pricing between private and public offerings.

    PUMP momentum threatened

    The altcoin has remained on investor radar since its July 12 public sale, which sold off within twelve minutes.

    While it demonstrates strength despite early backlash, the substantial dump from early participants darkens PUMP’s short-term outlook.

    The substantial sell-offs will likely impact liquidity, investor confidence, and price actions in the upcoming sessions.

    The derivatives markets data signal a weakening strength according to Coinglass.

    PUMP’s trading volume has plunged 10% to $1.11 billion, whereas a 7% dip in Open Interest indicates fading trader optimism.

    Moreover, the Pump.fun team hasn’t commented on the significant transactions or the project’s private placement structure.

    The lack of transparency could dent PUMP’s sentiments further.

    Enthusiasts will watch how the altcoin reacts to the latest on-chain developments.

    Nonetheless, broad market sentiments remain vital in shaping the altcoin’s trajectory.

    Bulls dominate the digital assets, and with Bitcoin’s declining dominance hinting at an impending altcoins season, massive rallies could absorb PUMP’s anticipated selling pressure.
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  • As Pepe struggles to maintain its early 150x boom, Is there a new contender to its throne?

    As Pepe struggles to maintain its early 150x boom, Is there a new contender to its throne?

    TLDR:

    • Pepe ($PEPE) struggles post-150x boom due to lack of market sustainability and utility.

    • NuggetRush ($NUGX) emerges with strong tokenomics, real-world utility, and community engagement.

    • NuggetRush’s innovative approach presents a meaningful, forward-thinking crypto investment opportunity.

    Pepe ($PEPE) once soared to staggering heights with a 150x price boom, showcasing the euphoric yet unpredictable nature of the crypto realm. However, as the dust settles, the token finds it hard to maintain its majestic flight, its wings seemingly clipped by the harsh realities of market sustainability and utility demand.

    Amidst these tides of change, a new vessel, NuggetRush ($NUGX), sails forth, promising not just a sturdy deck, but a treasure trove of real-world utility and robust tokenomics. 

    The ephemeral allure of Pepe ($PEPE) now pales in comparison to robust, utility-driven tokens like NuggetRush ($NUGX), which offer a harmonious blend of financial growth, real-world impact, and community engagement, paving the way for a new era of meaningful crypto investments.

    NuggetRush ($NUGX)

    NuggetRush ($NUGX) isn’t merely a token; it’s a gateway to an expansive universe where cryptocurrency, gaming, and tangible societal impact coalesce. This Ethereum-based token stands as the pillar of an innovative play-to-earn blockchain game, where every mined virtual gold nugget echoes rewards in the real world, catering to the betterment of artisanal miners in underdeveloped countries. 

    NuggetRush’s ecosystem resonates with the ethos of GameFi, nurturing a realm where players can exchange in-game assets for real-world assets like gold and cash.

    The tokenomics are meticulously designed to fuel a self-sustaining ecosystem with a total supply of 500,000,000 $NUGX tokens, fostering a community-driven governance model, and an ecosystem that rewards participation. 

    The best altcoins bear a hallmark of security and transparency, and NuggetRush is no exception. With a smart contract audit already in the bag, courtesy of SolidProof, and a smart contract that will be renounced post-launch to ensure a trustless and transparent environment, $NUGX sets a high bar. 

    The ongoing successful presale, now in Round 1, has already seen over 69,000 $NUGX tokens sold at 0.01 USDT each, with the price poised to increment to 0.012 USDT in the next round, underscoring the burgeoning investor confidence in this venture.

    Amid a plethora of choices in the crypto domain, discerning the best altcoins to watch can be a daunting task for both seasoned and novice investors. 

    However, NuggetRush ($NUGX) stands out, offering not just a promising financial venture, but a meaningful engagement that resonates with real-world impact. The innovative blend of gaming and blockchain technology it embodies provides a rare, valuable proposition in a market flooded with transient, hype-driven tokens.

    The well-structured presale, the transparent and secure framework, and the promise of a community-centric governance model, all contribute to making NuggetRush one of the candidates in the list of the best cryptos to buy now. 

    The vision of integrating play-to-earn gaming with a mission to support underprivileged communities showcases a forward-thinking approach, setting a precedent for how cryptocurrencies can transcend digital realms and foster tangible positive change in the societal fabric.

    >> Buy NuggetRush Now <<

    Pepe ($PEPE)

    On the flip side, Pepe’s narrative unfurls as a cautionary tale. The token, once a darling of the crypto community, now wrestles with the ghost of its past glory. The lack of a substantial utility framework and a roadmap to sustain its early boom are the chains dragging it down into the abyss of obsolescence. 

    Its journey reflects the path of many meme coins that rocket skywards on the wings of hype but plummet when the fuel of real-world utility runs dry.

    In stark contrast, emerging altcoins to watch like NuggetRush ($NUGX) are not mere speculative assets but bearers of a vision that transcends digital numbers, anchoring its value in tangible impact and a thriving, interactive ecosystem.

    Conclusion

    The juxtaposition of Pepe and NuggetRush unveils a panorama of what the future holds. While Pepe struggles to find its footing amidst a crumbling facade of hype, NuggetRush surges forth on a strong foundation of utility and a promise of real-world impact. 

    The robust tokenomics, the innovative intertwining of gaming and blockchain, and the mission to aid underdeveloped communities, places NuggetRush in the spotlight as one of the top new altcoins to watch.

    For the discerning investor, tokens like $NUGX don’t merely represent a financial venture but a step towards a realm where cryptocurrency transcends digital boundaries, seeding growth and prosperity in the real world.

    Visit NuggetRush Presale Website

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