Meme coin launchpad Pump.fun recently saw its revenue drop by around 92% from its historic peak, indicating the continued decline of the platform&#8217;s hold on the crypto market. On-chain data shows that the meme coin launchpad&#8217;s fees have been continuously…

Pump.fun revenue plummeted over 90% from historical peak

The SEC&#8217;s expedited process for Solana ETFs could accelerate mainstream crypto 
adoption and diversify investment options in the US market.
The post SEC pushes Solana ETF issuers to refile by end of July, signals fast- 
track approval path appeared first on Crypto Briefing.

SEC pushes Solana ETF issuers to refile by end of July, signals fast-track approval path

Vietnam is leveraging crypto regulation to meet FATF standards, combat digital 
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How Vietnam is using crypto to fix its FATF reputation

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The United States Securities and Exchange Commission has asked asset managers 
eyeing regulatory approval for spot Solana exchange-traded funds to file 
revised Forms S-1 before the end of July. That’s according to a report by 
crypto publication CoinDesk, which noted…

SEC asks for swift refiling of Solana spot ETF applications

Bitcoin is currently on the path to holding a strong footing above $109,000 
after reclaiming the $108,000 price level in the past seven days. Notably, 
Bitcoin&#8217;s price has gained more than $3,000 over the past week, with bullish 
momentum building steadily across the broader crypto market. Bitcoin is once 
again flirting with all-time highs, and popular crypto analyst Merlijn The 
Trader recently shared a technical analysis on social media that claims 
Bitcoin has now entered its third parabolic phase. His chart places Bitcoin 
right on track for another historic climb to crazy price targets even in 2025. 
Bitcoin Following Familiar Price Schedule According to Merlijn’s analysis, 
Bitcoin’s current market structure is mimicking its past two parabolic rallies 
that took place in 2017 and 2021. Just like in previous cycles, Bitcoin&#8217;s 
current price cycle has moved through a prolonged consolidation phase and 
gradually grinded upward. Related Reading: Bitcoin Price To See 52% Increase 
To $166,000, Analyst Reveals Tight Timeline The next thing now is a vertical 
breakout. A weekly chart that followed his post on the social media platform X 
highlighted this trend with three red bowl-shaped curves, each leading into a 
green “Parabolic Phase” box that represents the final leg of each bull run. 
The price action so far in 2024 and 2025 has continued to trace this same 
path. The curve that began forming after the 2022 bottom is now tilting upward 
sharply. Interestingly, Bitcoin bounced cleanly off the lower arc during its 
April crash to $74,000, just as it did in 2016 and 2020 before launching into 
new all-time highs. Crypto analyst Merlijn believes this rebound is the 
strongest indication yet that the final breakout phase is approaching. No 
Second Chances: Here&#8217;s The Price Target According to the analyst, Bitcoin&#8217;s 
current price structure on the weekly chart has never failed in previous 
cycles. However, anyone waiting on the sidelines may miss the move entirely. 
“Bitcoin bounced off the parabolic curve support, momentum is building, and if 
history rhymes with the biggest burst of the move, this parabolic phase does 
not give second chances,” he explained. Related Reading: Bitcoin Makes History 
With Highest Monthly Close, But Volume Is Still Bearish The most interesting 
part of Merlijn’s forecast is the price target itself. Based on the chart he 
shared, the green parabolic zone for 2025 extends as high as $335,000, 
representing more than a 205% rally from current levels. The mid-region of the 
box is around $150,000, making even the conservative price target 
significantly higher than Bitcoin’s current price. This prediction is based on 
the magnitude of previous parabolic runs, which saw Bitcoin increase by over 
2,000% in 2017 and more than 1,300% from its 2020 lows to its 2021 peak. If 
the third phase delivers a similar rally, the path to $335,000 may not be far- 
fetched. At the time of writing, Bitcoin is trading at $108,850, having 
reached an intraday high of $109,574. Featured image from Getty Images, chart 
from Tradingview.com