After going on an impressive run to close the week, the Bitcoin price has become relatively steady over this weekend. The premier cryptocurrency has shown some signs of indecision and continued to move sideways within the $117,000 and $118,000 range. According to a prominent online pundit, the Bitcoin price might be at a critical juncture that could decide its future over the next few weeks. Insights from a technical analysis model suggest that the price of BTC might run up to an unprecedented high of $143,000 once it overcomes the next resistance level. BTC Needs To Break This Resistance Level To Continue Rally In a July 12 post on social media platform X, Alphractal founder & CEO Joao Wedson revealed that the Bitcoin price faces significant resistance between $118,900 and $120,000. This price evaluation is based on the Bitcoin Power Law model, which provides a mathematical description of BTC’s historical price trends. Related Reading: Bitcoin SOPR Signals More Gains Ahead Despite New ATH – Analyst The Bitcoin Power Law model estimates the network effect and adoption curve without speculation. Using this framework, the pricing model provides long-term support and resistance levels or “bands” on the Bitcoin price chart. Wedson revealed that the Power Law model indicates that the Bitcoin price faces significant resistance between the $118,900 and $120,000 region. According to the on-chain analyst, the market needs to breach the Alpha Price — which lies somewhere around $119,300. For context, the Alpha Price refers to a major inflection point in the Power Law model and a level that the Bitcoin price needs to break and stay above to enter the next significant phase of the bull cycle. In essence, the BTC price must witness a sustained break above $119,300 to continue its rally. Wedson mentioned that the price of BTC will need to show resilience in order to breach the psychological $120,000 level. However, it might need to consolidate first and perhaps take some long traders out of the market before overcoming the $120,000 level, the on-chain analyst noted. According to Wedson, a sustained breach of the $120,000 level will signal the beginning of an even much bigger rally for the market leader. The on-chain analyst put the target for this rally at between $143,000 and $146,000, marking the Bitcoin price top in this cycle. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $117,530, reflecting no significant movement in the past 24 hours. Nevertheless, the flagship cryptocurrency is up by nearly 9% on the weekly timeframe. Related Reading: No Mania Yet: Bitcoin ATH Lacks Hype, Suggesting Further Upside Potential Featured image from iStock, chart from TradingView
Bitcoin is testing uncharted territory after breaking past its previous all-time high of $112,000 last Thursday, igniting a powerful new phase in the bull market. With the price currently hovering above $117,000, bulls are firmly in control as optimism spreads across the crypto market. The breakout comes after weeks of tight consolidation, signaling renewed confidence among investors and traders. Related Reading: Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground On-chain data from CryptoQuant adds further support to the bullish narrative. The Coin Days Destroyed (CDD) metric—used to assess whether long-term holders are selling—has returned to a relatively low average despite the rise in price. This suggests that experienced holders are not offloading their positions, but instead continuing to hold through the rally. With long-term holders largely inactive and momentum accelerating, Bitcoin appears to be entering a decisive phase. As macroeconomic conditions remain favorable for risk assets, and with institutional demand rising, all eyes are now on how BTC behaves at these new highs—and whether the rest of the crypto market will follow its lead. Bitcoin Prepares For A Massive Surge Bitcoin continues to trade above key psychological and technical levels, signaling that the market is entering an expansion phase with the potential for a massive surge. After clearing its previous all-time high and consolidating around $117,000, Bitcoin’s structure looks increasingly bullish. Analysts and traders are closely watching on-chain indicators to confirm whether long-term holders are beginning to exit, but so far, the data suggests they are not. Top analyst Darkfost shared relevant insights regarding the Coin Days Destroyed (CDD) metric, a key tool used to assess long-term holder activity. CDD calculates how long a Bitcoin stays unmoved before a transfer, revealing long-term participants’ behavior. Recently, the metric saw a sharp spike, raising initial concerns about possible distribution. However, it was later confirmed that the move involved 80,000 BTC in an internal transfer — no actual selling occurred. Since that event, the CDD has returned to its previous low range, especially when compared to Bitcoin’s soaring price. This signals that long-term holders are still sitting tight, showing no urgency to sell into strength. Their conviction reflects growing expectations of higher prices ahead, supported by macro conditions, increasing adoption, and rising institutional interest. With strong hands holding firm and momentum building, Bitcoin appears poised for continuation. As long as key support levels are maintained and long-term holders remain inactive, the setup favors an explosive move that could redefine price discovery in this cycle. Related Reading: Crypto Founder Pushes Ethereum As ‘World Reserve Asset’ – Details Price Discovery Kicks In: Momentum Accelerates Bitcoin’s three‑day chart shows a textbook breakout from eight weeks of compression. Thursday’s candle closed firmly above the former record cluster at $109,300, opening the door for a vertical push that carried price to $118,800 on the very next print. The candle body towers well above the 50‑period SMA, while the 100‑ and 200‑period averages slope higher beneath, confirming a bullish long‑term structure. The old resistance band between $105,000 and $109,300 now flips into first demand; any orderly retest that wicks into that zone would likely attract sidelined buyers. Below it, $103,600—the mid‑range support that capped drawdowns all spring—remains the line in the sand for the current trend. Related Reading: Ethereum Targets Liquidity Above $3,000 – Price Magnet Forming Upside projections derive from the height of the year‑long range (~$15 k). Adding that measure to the breakout point targets $124–125 k as the next logical objective, with the psychological $120 k round number a potential interim stall area. Momentum oscillators on medium time‑frames are stretched but not at extreme levels, suggesting room for continuation before a cooling period becomes necessary. Featured image from Dall-E, chart from TradingView
Bitcoin’s surge to all-time highs has barely moved the needle in Google search interest compared to the spike seen after Donald Trump won the US presidential election in November.
Pump.fun, the Solana-based platform enabling users to easily launch and trade custom tokens—especially meme coins—has just marked a historic milestone. On Saturday, Pump.fun raised over $500 million during its highly anticipated PUMP token public sale. In an astonishing show of demand, the sale sold out in only 12 minutes, highlighting the project’s explosive growth and rising popularity across the crypto space. Related Reading: Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground Designed for accessibility, Pump.fun allows virtually anyone to create tradable tokens with little to no technical background, democratizing the meme coin economy. As the broader crypto market gains momentum, investors are increasingly turning to innovative platforms like Pump.fun to capture early-stage upside and participate in speculative narratives. With the public sale now closed, the PUMP token is entering its distribution phase. The community’s overwhelming enthusiasm for the project underscores a renewed appetite for high-risk, high-reward opportunities, especially on scalable, low-cost ecosystems like Solana. As liquidity rotates and meme narratives strengthen, Pump.fun appears poised to ride the next wave of speculative fervor. The question now is how the project will evolve post-sale, and whether it can sustain attention in an increasingly competitive memecoin landscape. Pump.fun Enters Distribution Phase After $4 Billion Valuation Following a record-breaking public sale, Pump.fun is now entering its next crucial phase. The Solana-based platform successfully sold 125 billion PUMP tokens at a fixed price of $0.004 each, pushing the project to a staggering $4 billion valuation. In just 12 minutes, the token sale closed, signaling overwhelming interest from both retail investors and speculators eager to participate in the next wave of memecoin mania. Over the next 48 to 72 hours, the PUMP tokens purchased via token.pump.fun will be distributed to all participants. During this period, the tokens will remain untradable and untransferable to ensure a secure and orderly allocation process. The team has stated that a formal announcement will be made once the distribution is complete and trading becomes active. Pump.fun has gained traction for allowing users to mint and list custom tokens with just a few clicks. Once a newly created token reaches a certain liquidity or trading threshold, it gets automatically listed on decentralized exchanges. This enables price discovery and broader exposure. This simplicity has fueled Pump.fun’s meteoric rise, attracting thousands of users who see it as a launchpad for the next viral asset. However, the coming weeks will be a critical test. As the PUMP token becomes tradable, investor behavior, price volatility, and platform growth will determine whether this momentum turns into lasting adoption or fades as just another memecoin moment. With a multi-billion-dollar valuation already on the books, the pressure is on for Pump.fun to deliver. Related Reading: Crypto Founder Pushes Ethereum As ‘World Reserve Asset’ – Details Altcoin Market Gathers Momentum The TOTAL3 chart, which tracks the total crypto market cap excluding Bitcoin and Ethereum, has surged to $918.87 billion, gaining nearly 9% on the week. This move signals growing investor confidence in altcoins, supported by a bullish market structure. Price bounced from the 50-week moving average and now aims to break above the $1 trillion resistance zone. A level that has rejected multiple rallies in 2025. Momentum indicators are turning bullish, with the 50, 100, and 200 weekly moving averages aligning in an upward slope. Volume is also increasing after weeks of stagnation, reflecting renewed market participation and capital rotation into high-beta altcoins. Related Reading: Ethereum Targets Liquidity Above $3,000 – Price Magnet Forming Interestingly, the rise of projects like Pump.fun—which recently raised millions during its PUMP token sale—mirrors this trend. Platforms enabling quick meme coin launches are attracting retail liquidity. And that speculative energy is often a precursor to broader altcoin market rallies. While TOTAL3 remains below its 2024 highs, the ongoing wave of investor enthusiasm, especially in niche segments like Pump.fun, suggests a breakout could soon materialize. Featured image from Dall-E, chart from TradingView
Bitcoin critic Peter Schiff calls Bitcoin a selling opportunity as it hits new highs, high-leverage trader James Wynn deactivates his X account, and other news.
The Cardano price has witnessed an exhilarating run over the past few days, experiencing a significant breakout from consolidation beneath the $0.6 level. Before its recent price surge, the altcoin had been moving mostly sideways within the $0.5 and $0.6 range. Interestingly, the Cardano price seems to just be at the beginning of what is expected to be a monstrous rally over the next few months. A crypto expert on the social media platform X has come forward with an exciting pathway to unprecedented price highs for the ADA token. ADA In Distribution Phase — Perfect Buying Opportunity? In a July 11 post on X, Alphractal founder & CEO Joao Wedson shared an exciting bullish picture for the Cardano price over the coming months. The on-chain expert put forward the $4.9 mark as the market top for the ADA token in the next leg up. Related Reading: XRP Price Builds Momentum — $2.50 Break Sparks Fresh Bullish Wave This bold projection is based on a persistent ascending channel pattern on the daily Cardano price chart. An ascending channel is a chart pattern in technical analysis characterized by two major (rising) trendlines: the upper line acting as the resistance level and the lower line acting as the support level. Typically, the gap between these trendlines is considered a channel within which prices move over a period—while indicating a sustained long-term bullish trend. Traders often use this pattern to identify optimal entry and exit points, as the price usually bounces off the upper resistance level and lower support trendline. As observed in the above chart, the Cardano price has been trading within the ascending channel since the first half of 2019. After falling to the lower trendline earlier this year, the price of ADA soon found support and rebounded to above the $1 level in 2025’s first quarter. However, the altcoin — as with the rest of the crypto market — witnessed a severe downturn that saw the Cardano price return to the lower trendline in late June. Interestingly, the token’s price seems to have found support and is recovering nicely. Wedson, in his post on X, revealed that what the Cardano price is experiencing is more than a mere recovery, as the altcoin might surpass its current all-time high of $3.09 in this phase. According to the on-chain analyst, the ADA token could be trading well above the $3 mark by late October or early November 2025. Furthermore, Wedson noted that the current level might be the right time for investors to jump into the ADA token, as it is still in the distribution phase in the short term. “This might break some technical analysis patterns, but the on-chain analysis looks promising in several aspects — and that’s what I like,” the analyst concluded. Cardano Price At A Glance As of this writing, the price of ADA stands at around $0.7124, reflecting an almost 6% in the past 24 hours. This positive single-day action underscores the general bullishness that the altcoin has witnessed in the past few days. According to data from CoinGecko, the ADA coin is up by roughly 30% in the last seven days. Related Reading: Dogecoin (DOGE) Rockets to $0.20 — Can It Go Even Higher? Featured image from Pexels, chart from TradingView
Binance founder Changpeng Zhao or CZ threatened to sue news agency Bloomberg for a second time over its report alleging links between the exchange and the USD1 stablecoin. In an X post on Friday, CZ called the article “another hit piece” that was “sponsored by a competitor,” without explicitly naming the competitor. He dismissed it […]
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High-risk trader James Wynn lost hundreds of millions of dollars in a matter of weeks by speculating on short-term price movements.
Pump.fun, a platform that enables anyone to create and launch memecoins, concluded one of the largest and fastest initial coin offerings (ICOs) on Saturday. Within 12 minutes of the ICO going live, the platform raised $600 million from the sale of 15% of its token supply for $0.0040 each. The ICO, which ended far quicker […]
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When Bitcoin skeptic Peter Schiff started yet another rant about Bitcoin today, it was too much for Galaxy CEO Mike Novogratz. As a salty Schiff began calling Bitcoin’s capped supply “meaningless” and “arbitrary,” Novogratz fired back: “Why do you hate $BTC so much? You have been wrong on it for a decade. A flexible mind […]
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After a near-excellent start to the month of July, Bitcoin has performed even more impressively over the past few days. The premier cryptocurrency, after a brief period of sideways momentum earlier this week, has attained a new all-time-high valuation at a price close to $119,000. Unsurprisingly, the Bitcoin market is experiencing a wave of optimism — an inference still heavily backed by the latest on-chain revelation. Bitcoin Market Sentiment Shifts Bullish In a July 11 post on social media platform X, cryptocurrency analytics firm Alphractal delved into the current price action of Bitcoin, offering insights into the cryptocurrency’s future trajectory. Related Reading: Bitcoin Soars Past $118,800—Breakout Or Brutal Bull Trap? The firm’s on-chain observation revolves around the Aggregated Liquidation Levels Heatmap (7 Days) metric, which visualizes price zones with high concentrations of long or short liquidations over a span of 7 days, and the Aggregated Liquidation Levels Heatmap (1 month) which does the same, except that this covers a monthly timeframe. After the most recent Bitcoin price rally to a new all-time high, all of the overleveraged bears had their market positions wiped out. Aided by the short squeeze, which usually follows such large liquidation events, the flagship cryptocurrency still retains its strong bullish momentum and continues to surge. According to Alphractal, the aggregation liquidation levels across different timeframes now show that most current leveraged positions are betting on the Bitcoin price. As the market continues to ascend the charts, investor optimism will turn more positive, which may further push more traders to open long positions in the BTC futures market. However, Alphractal warned against the inclination to be recklessly involved in the current bullish market. “If, for any reason, the price drops $10,000 back to the $107,000 zone, it could be the bulls’ turn to face massive liquidations,” the analytics firm said. The firm went further, explaining that a Bitcoin price drop of that magnitude would have a negative impact on the market optimism. On the bright side, Alphractal also mentioned that such an occurrence could offer new accumulation opportunities in the near future. Still on market optimism, a drop in Bitcoin’s value by $10,000 might lead to a phenomenon referred to as a Long squeeze, where the price of Bitcoin continues to plummet with increased momentum. A long squeeze typically occurs when the falling price of a cryptocurrency (in this case, Bitcoin) forces traders with long positions to sell their assets either to cut losses or to break even. This contributes to the already present bearish momentum and sends the BTC price further south. Amidst Bitcoin’s current rally, Alphractal ultimately advised that traders leverage wisely and with caution, as the market’s next action stands at an unpredictable zone. Bitcoin Price At A Glance Still showing signs of healthy bullish momentum, Bitcoin, as of press time, is valued at around $118,145. Data from CoinGecko shows that the flagship cryptocurrency has jumped by more than 3.34% in the last 24 hours. Related Reading: Bitcoin Dominance Falls: 9 Factors To Watch For That Says The Altcoin Season Has Begun Featured image from iStock, chart from TradingView
Seamus Rocca warned that the next Bitcoin market downturn could be sparked organically and not through a single catastrophic event.
CoinDCX's CEO, Sumit Gupta, refuted allegations of moving user funds to non-compliant entities in Lithuania.
Animoca Brands joins a growing list of companies adopting a Bitcoin treasury strategy or expanding their existing Bitcoin reserves.
Tether’s latest move aims to streamline its stablecoin operations. The company plans to end USDT redemptions and token issuance on five older blockchains by September 1, 2025. Any tokens left on Omni Layer, Bitcoin Cash SLP, Kusama, EOS and Algorand will become frozen after that date. Related Reading: Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout Focus Shifts Away From Legacy Chains Based on reports from Tether, these five networks once helped drive its early growth. But current data shows a big drop in USDT activity there. Usage has been mostly flat for months. And with few new transactions, keeping those chains alive no longer makes sense. Tether to Wind Down USD₮ Support for Five Legacy Blockchains as Part of Strategic Infrastructure Review Learn more: https://t.co/MxVGdUnEhA — Tether (@Tether_to) July 11, 2025 The decision follows a careful infrastructure audit. Teams looked at chains with low usage and slow growth. They found that less than 0.1% of Tether’s total supply moves on those networks. Every dollar spent maintaining them now offers little benefit. Embracing Fast, Scalable Networks According to CEO Paolo Ardoino, Tether will put more energy into chains that can grow quickly. He pointed to real‑time scaling solutions and rising adoption as key factors. The company plans to boost support for Layer 2 systems such as the Lightning Network. It also wants to explore partnerships with newer blockchains that offer low fees and better interoperability. Experts agree with Tether’s approach. Kevin Mehrabi of StableTech said networks with weak developer traction tend to stall. And once growth stops, token circulation follows. By focusing on blockchains with active builders, Tether hopes USDT will see more real use in DeFi, micro‑payments and cross‑border transfers. Related Reading: Don’t Hold Back—Expert Recommends Full Stake In XRP What Token Holders Should Do Now Holders of USDT on the affected chains must act before the September 1, 2025 cutoff. Official Tether services will let existing clients reissue their tokens on supported networks. Other users can rely on third‑party bridges or custodians, depending on each provider’s policy. If nobody moves their coins in time, those balances will be frozen—completely inaccessible. By reallocating technical and operational resources, Tether aims to improve transaction speeds and cut costs. The company’s long‑term plan is to back ecosystems that show real growth and practical use cases. For users, the key takeaway is clear: move your USDT off those legacy rails now, or risk losing access later. Featured image from Vecteezy, chart from TradingView
Venture capitalists and the Solana community touted the ICO as a showcase for capital formation in the age of internet capital markets.
On Saturday, Stellar's XLM surged 6% to $0.3880, making it the top performer by percent change among the top 20 cryptocurrencies by market cap.
Bitcoin has rallied massively over the past seven days by posting an impressive price gain of nearly 9% after climbing from around $108,300 to almost $118,800. This move was quite surprising, particularly as the process saw Bitcoin clearing its previous all-time high from late May by breaking above $111,970. But according to Bitcoin technical analyst CryptoCon, this breakout may just be the beginning. In a recent post on the social media platform X, CryptoCon revealed a long-term cycle pattern that points to a more ambitious price target for Bitcoin. Analyst Unveils BTC’s Golden Number For This Cycle In a recent post on social media platform X, CryptoCon revealed a long-term cycle pattern that points to a more ambitious target for Bitcoin. His analysis is based on the 5.618 Fibonacci extension, which is a number he says has perfectly aligned with every prior cycle top. The projection opens up the possibility of whether Bitcoin’s current move marks the start of another parabolic run. Related Reading: Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why CryptoCon’s technical chart analysis builds on the recurring 5.618 Fibonacci extension level in previous market cycles. The analyst shows how Bitcoin’s previous tops have fallen within striking distance of this precise extension by measuring the move of each market cycle and applying this golden ratio. The chart shown below features the $30.84 peak in June 2011, the $1,205 top in November 2013, the $18,702 high from December 2017, and the peak of $63,839 in November 2021. Each of these market tops, as shown in the Bitcoin multi-year price chart below, converged on the same 5.618 multiple from their preceding bear market lows. Now, using this same approach in the ongoing cycle, CryptoCon projected that the next major step for Bitcoin is somewhere between $170,000 and $180,000. Particularly, the 5.618 Fibonacci extension points to a “Golden Number” of $184,181 for Bitcoin’s price in this cycle. Bitcoin Price Compression Is About To Expand Violently Several major forces appear to have contributed to BTC’s recent surge in the past 48 hours. A significant short squeeze earlier in the week reportedly wiped out over $1 billion in bearish positions. At the same time, US-based Spot Bitcoin ETFs registered over $1 billion in daily inflows in the past two consecutive days. Related Reading: Analyst Predicts Bitcoin Price Breakdown — Here’s The Best Time To Buy In his X post, CryptoCon also commented on the current state of Bitcoin’s chart: “All the boring price action is coming to a squeeze; it can’t stay that way forever.” This observation reflects the long period of tight, sideways trading between $105,000 and $108,000 that Bitcoin experienced in the previous two weeks. At the time of writing, Bitcoin is trading at $117,762, retracing slightly after reaching its most recent all-time high of $118,667, according to CoinGecko data. Other crypto analysts now find themselves watching the $130,000 region as another zone of consolidation activity on the way to the possible cycle peak. Featured image from Pixabay, chart from Tradingview.com
The scammer, likely a man based in Nigeria, used a common tactic to make fraudulent emails appear legitimate.
The investment adds to the growing public ether treasuries, which currently hold over 1.34 million ETH, according to a public tracker.
Bybit, another of Pump.fun's exchange partners, has apologized to its users who experienced similar issues during the token sale.
The Pi Network coin dipped to $0.46 today, slipping 6% in the past 24 hours. Yet trading volume jumped to $20 million, up 80% over the same period. That mix of a price drop and a big volume rise often points to traders testing the waters rather than rushing in or out. Related Reading: Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout Pi Network Volume Spike Signals Fresh Interest According to on-chain data, weekly gains of 1.1% suggest renewed curiosity around the Pi Network token. Its recent push past $0.48 may have drawn eyes back to the network. A big swell in transfers shows people shifting coins more than usual, even if the price isn’t following the same upward path. In the past few days, two separate moves of exactly 3.14 Pi have caught attention. Those small transfers tie back to the project’s namesake, the number π. Based on reports, these sent-outs came from a single wallet—labeled GASWBD…—which also withdrew over 10 million Pi in just six days. That same address links to about 320 million Pi in earlier activity, leading many to wonder if a big miner, an institutional backer, or someone from the Pi team is behind it. ???? 3.14 Pi Withdrawn — Twice in One Day: A Signal Echoing Across the Pi Network ???? The Numbers Are Speaking. Are You Listening? ⸻ ???? In a moment that sent chills through the Pi Network community, a mysterious wallet — GASWBD…J2AODM — made not one, but two withdrawals of… pic.twitter.com/eoLnHeJi0k — Mr Spock ???? (@MrSpockApe) July 10, 2025 Symbolic Transactions Stir Speculation The timing of these 3.14 moves matters. They arrived just as the price flirted with the psychological $0.48 mark. Some community members see the transfers as a rallying call, a nod back to Pi’s roots. Traders, though, tend to watch those numbers for clues of real buying or selling pressure. So far, the pattern looks more like a planned message than a panic sell‑off. Talk of a mainnet rollout or fresh exchange pairings has spread across forums. People point to the organized nature of the withdrawals as proof that bigger plans are underway. They hint that big news might be on the way—maybe new partners or additions that bring Pi out of its test network and into mainline usability. Forecast: Caution Ahead According to current forecasts, the value of Pi could decrease to $ 0.35 by August 11, 2025, a decline of 25%. Technical indicators are showing Bearish, and the Fear & Greed Index for the market is at 79 (Extreme Greed). Related Reading: Don’t Hold Back—Expert Recommends Full Stake In XRP Pi experienced 11 green days in the past 30 (37%) and recorded 9% price fluctuation over that time. That breakdown between high excitement and bearish direction is a picture of conflicting indicators for anyone considering getting on board now. So far, Pi Network is a project generating hope and skepticism. The $208 million volume increase indicates that people are indeed taking notice. But the prediction and on-chain activity suggest caution may be advisable until stronger milestones emerge. Featured image from Jeffrey Coolidge/Getty Images, chart from TradingView
The next wave of Web3 neobanks won’t be standalone apps; they'll be embedded within platforms people already use.
Veer Chetal, a 19-year-old hacker, used social engineering to steal $243 million in Bitcoin, then exposed his identity during a livestream and reoffended while out on bail.
All 125 billion tokens sold at $0.004 each, giving PUMP a $4B fully diluted valuation; post-sale tokens stay initially frozen for up to 72 hours.
US Democratic lawmakers, led by House members Maxine Waters and Stephen Lynch, announced on July 11 that next week will be designated “Anti-Crypto Corruption Week.” The initiative aims to unite Democrats in opposing several pro-crypto bills that are currently under consideration in Congress, including the GENIUS Act, the CLARITY Act, and a proposed law aimed […]
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The decision is due to declining usage of USDT on these networks over the past two years and as the company moves its focus to newer platforms such as Layer 2s.
While Elon Musk's $300 “Heavy” model puts up record-breaking benchmark scores, the basic Grok 4 struggles to keep up with competitors.
The rapid sell-out and price surge of PUMP tokens highlight strong investor interest, potentially boosting confidence in meme coin markets.
The post Pump.fun secures $500M in public sale; PUMP token jumps in pre-market trading appeared first on Crypto Briefing.
In the past week, Bitcoin has grabbed the major headlines as prices surge to a new all-time high of $118,856 following a market gain of 9.77%. In remarkable fashion, the premier cryptocurrency added an estimated $10,000 to its market value increasing its market cap to a solid $2.34 trillion. Interestingly, recent on-chain data suggest there may be more tailwind ahead backing Bitcoin’s ability to explore new price territory. Related Reading: Bitcoin Breaks $118,000—But Liquidity Still Thin, Glassnode Warns STH SOPR Sits At 1.02, Suggests Market Not Overheating In a recent quicktake post on CryptoQuant, a market analyst with username CryptoMe has shared some compelling insights on Bitcoin’s price trajectory amidst current market euphoria. As earlier stated, the flagship cryptocurrency experienced a significant price gain to brush nearly against the $120,000 mark. Despite this rise, CryptoMe notes that short-term holders’ spent output profit ratio (STH SOPR) indicates that this class of investors are yet to engage in significant profit-taking. For context, The STH-SOPR measures the ratio of realized profits or losses by investors who’ve held BTC for less than 155 days. A STH-SOPR reading above 1.0 indicates that BTC are being sold at a profit, while values below 1.0 indicate losses. Based on the chart below, sharp increases in this on-chain metric especially into the 1.05-1.20+ range (red zone) have correlated with profit-taking phases and can often precede local tops. However, the STH-SOPR currently sits at 1.02, suggesting that although some short-term holders are in profit, no aggressive market distribution has commenced. This development is particularly bullish considering the STH realized price is presently at $100,000 indicating these investors are 17%-18% in profit and are opting to hold for further price gains. Meanwhile, the analyst notes that this present on-chain situation aligns with the broader sentiment in the derivatives market. Open Interest is climbing, signaling growing participation, but funding rates remain neutral to slightly positive. This lack of extreme funding imbalances suggests that traders are not flooding the market with overleveraged long positions due to FOMO. CryptoMe explains that all these factors indicate the Bitcoin market is far from overheating and there is still potential for more growth ahead. Related Reading: Bitcoin MVRV Oscillator Predicts First Sell Pressure Level At $130,900 – Details BTC Price Overview At the time of writing, Bitcoin is trading at $117,840 indicating a 3.40% in the past day but a slight 0.82% decline from the present all-time high. Meanwhile, the asset’s daily trading volume is up by 96.53% indicating a strong market activity behind the ongoing rally backing the potential for a continuation. Featured image from Pexels, chart from Tradingview