BlockFi’s bankruptcy administrator and the DOJ have settled a $35 million crypto asset transfer lawsuit.

BlockFi bankruptcy administrator and DOJ agree to dismiss $35M lawsuit

Pump.fun’s public token sale for its PUMP cryptocurrency raised $500 million 
after selling out rapidly in roughly 12 minutes. PUMP Token Sale Sells out, 
Raising $500 Million for Platform Expansion The initial coin offering (ICO) — 
a crowdfunding method for new digital tokens — launched July 12 at 2 p.m. UTC. 
Pump.fun, a leading meme […]

Solana’s Pump.fun Nets $500M as PUMP Token ICO Sells out in 12 Minutes

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.

Pump.fun secures $500M in public sale; PUMP token jumps in pre-market trading

The next wave of Web3 neobanks won’t be standalone apps; they&#8217;ll be embedded 
within platforms people already use.

Telegram is not a neobank — it’s the platform where the next ones are born

Ethereum gained momentum this week, crossing a key resistance level as 
exchange-traded fund inflows surged and exchange supply decreased.

Ethereum breaks out: Golden cross and $3k push signal a run toward $4k

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&#8217; 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