Peter Schiff calls Bitcoin a selling opportunity as it hits new highs, high- leverage trader James Wynn deactivates X account, and other news.

Schiff says sell Bitcoin for silver as $258K target looms: Hodler’s Digest, July 6 – 12

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&#8217;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&#8217; 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 Long-Term Holders Remain Steady As CDD Normalizes After False Alarm

Over a dozen residents in Tasmania have been defrauded of approximately $1.64 
million through scams involving cryptocurrency ATMs, with one victim losing 
over $493,000. Scammers Exploit ATMs Amidst Rapid Expansion More than a dozen 
residents of the Australian island state of Tasmania have been defrauded of an 
estimated $1.64 million through scams that exploited the […]

Tasmania Hit by Spate of Crypto ATM-Related Scams

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

Pump.fun Public Sale Ends In 12 Minutes: Token Distribution Now Underway

The Czech National Bank boosted its investment in Palantir and entered the 
crypto space by acquiring Coinbase shares in Q2.

Czech central bank adds Coinbase to portfolio, boosts Palantir holdings

The Ghanaian central bank has announced a mandatory registration process for 
all virtual asset service providers operating in the country. Registration 
Covers Broad Range of Crypto Activities The Bank of Ghana (BOG) has issued a 
public notice requiring all Virtual Asset Service Providers (VASPs) operating 
within the country to undergo a mandatory registration process. The […]