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PancakeSwap implements Tokenomics 3.0 upgrade as CAKE RSI flips bullish

PancakeSwap has begun implementing its long-anticipated Tokenomics 3.0 upgrade for the CAKE token. In a blog post published on Apr. 21, the PancakeSwap ( CAKE ) team confirmed that key changes will go live on Apr. 23, 2025. Staking and governance via veCAKE will be discontinued as part of the update. Users will have six months to redeem their tokens at a 1:1 ratio after all locked CAKE and veCAKE positions are unlocked. ????The official implementation of CAKE Tokenomics 3.0 is now underway. Here`s what you need to know about the changes and important dates: Key Milestones: ????Retirement of CAKE Staking, veCAKE, Gauges Voting, Revenue Sharing, and Farm Boosting ????Voting results from Epoch 37 will… pic.twitter.com/3mj2Hk08BY — PancakeSwap (@PancakeSwap) April 21, 2025 With Tokenomics 3.0, PancakeSwap switches to a buy-and-burn revenue-sharing model and imposes a hard cap of 450 million CAKE. There will be no more emissions from yield farms. These changes are intended to reduce token inflation, encourage sustainable growth, and reward loyal users. The transition will happen in two stages. The daily emissions will drop from 29,000 CAKE to 20,000 CAKE, and finally to 14,500 CAKE. An estimated 5.3 million CAKE will be permanently burned annually as a result of this reduction. You might also like: PancakeSwap price prediction: Will CAKE continue to be ‘sweet’ for investors in 2025? The proposal to redesign PancakeSwap tokenomics has drawn criticism, especially from Cakepie DAO, a protocol based on the veCAKE model and one of the biggest CAKE holders. The DAO claimed that there were irregularities in the vote that approved the changes and criticized the removal of decentralized governance features. Governance, Decentralization & the veCAKE Paradigm To the PancakeSwap team — particularly to those shaping the Tokenomics 3.0 proposal: This is not a reaction. This is a reminder. DeFi is not a destination — it is a discipline. And governance is not a burden — it is the… pic.twitter.com/xq4lsR4di9 — Cakepie????????‍???? (@Cakepiexyz_io) April 12, 2025 Cakepie DAO proposed modifying the system instead of removing it entirely. Their suggestions included rewarding high-performing pools and penalizing early exits. In response, PancakeSwap has offered up to $1.5 million worth of CAKE in compensation for Cakepie users if the Cakepie DAO agrees to a 1:1 redemption deal for mCAKE holders. Despite the pushback, CAKE’s market performance has shown signs of recovery. The token is trading at $2.01, up 0.7% in the last 24 hours, with daily volume up 36% to $78.6 million. PancakeSwap’s 24-hour DEX volume also rose to $1.03 billion, surpassing Uniswap’s $896 million, according to DeFiLlama data . Weekly trading volume, on the other hand, has risen 5%, compared to Uniswap’s 39% decline. PancakeSwap price analysis. Credit: crypto.news On the technical side, CAKE appears to be recovering from a multi-week low of $1.60. The price is approaching the Bollinger Band midline, while the relative strength index has climbed to 53.95, crossing above the neutral threshold and signaling growing bullish momentum. A confirmed breakout above $2.05 may push the token toward the next key resistance at $2.50. Read more: PancakeSwap expands advanced trading tools to Arbitrum, Linea, and Base CoinOtag

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GSR Leads $100M Private Placement into Nasdaq-listed Upexi, Inc. to Back Solana-Based Treasury Strategy

NEW YORK, NEW YORK, April 21st, 2025, Chainwire GSR , a leading crypto trading and investment firm, today announced it has anchored a $100 million private investment in public equity (PIPE) into Upexi, Inc. (NASDAQ:UPXI), a brand owner specializing in the development, manufacturing, and distribution of consumer products. The investment follows Upexi’s announcement of a strategic shift toward a cryptocurrency-based treasury strategy aimed at generating long-term appreciation and yield for shareholders. Upexi has committed to the establishment of a Solana treasury strategy that includes the accumulation and staking of Solana. The investment underscores GSR’s confidence in Solana as a leading high-performance blockchain and GSR’s mission to bridge the gap between traditional capital markets and the digital asset ecosystem. “This investment highlights the growing demand for efficient, secure access to high-quality crypto assets in public markets,” said Brian Rudick, Head of Research at GSR. “Solana’s speed, scalability, and vibrant developer ecosystem make it an ideal foundation for long-term growth and we are honored to help accelerate the integration of digital assets into institutional portfolios.” “We’re proud to lead this investment and support a bold strategy centered around Solana, reflecting our deep belief in the future of DeFi and our commitment to growing the crypto ecosystem at every level,” said Jakob Palmstierna, President, GSR. “At GSR, we back founders, protocols, and builders not just with capital, but with expertise, liquidity, and real long-term support. This is a meaningful step forward – and just one part of our broader mission to help unlock the full potential of digital assets.” “It’s encouraging to see institutions exploring blockchain infrastructure in meaningful ways,” said Lily Liu, President, Solana Foundation. “GSR and Upexi’s announcement highlights growing interest in using Solana for real-world financial applications, and it’s another signal of how traditional finance and DeFi are starting to intersect.” GSR continues to invest in the broader digital asset ecosystem, offering capital solutions, liquidity, and strategic advisory services to partners at all stages of growth. About GSR The GSR Group brings over a decade of experience as a leading digital asset liquidity provider and multi-stage investor. Our full-spectrum offering includes OTC trading, market making, and treasury management. Deeply embedded in the digital asset ecosystem, we work with token issuers, institutional investors, and top-tier trading venues. Beyond capital, we deliver strategic insight, deep liquidity, and long-term partnerships to the founders, protocols, and platforms shaping the future of crypto markets. Follow GSR on X . Visit www.gsr.io for more information. Contact VP Public Relations Haley Malanga GSR haley.malanga@gsr.io CoinOtag