Month: July 2025

PUMP Drops 20% as Pump.fun Founder Delays Airdrop

Key Notes Following a 20% intraday decline, PUMP is now trading at under $0.0030, with daily trading volume surging closer to $1 billion. Despite facing over $5.8 million in unrealized losses, major holder Machi Big Brother continues to increase his PUMP long positions. Two private sale PUMP investors offloaded 1.25 billion PUMP tokens earlier today, netting $1.19 million realized loss. PUMP, the native crypto of the Solana-based launchpad Pump.fun, has lost another 20%, slipping under $0.30. This sell-off comes as founder Alon Cohen noted that an airdrop might not be…

Bitcoin Consolidates Below $120K as Exchange Activity Reflects Mixed Market Signals

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Bitcoin continues to hover below its all-time high, with current trading levels near $118,000 reflecting a 0.6% daily drop and a 3.8% pullback from the peak above $123,000 recorded earlier this month. While the broader trend remains uncertain, analysts have assessed on-chain activity for signs of the next major move. Recent data from CryptoQuant analysts highlights a divide between retail and institutional behavior across leading exchanges, raising questions about potential profit-taking or strategic accumulation. Related Reading Bitcoin Retail Traders Sell into Strength, While Whales Accumulate On the one hand, short-term…

XRP Price Just Drops Hard but $10 Play Is Still on the Table

Key Notes XRP dropped 12.53% in 24 hours but remains only 19.87% below its all-time high of $3.84. Analysts maintain a $10โ€“$15 price target as capital continues rotating from Bitcoin into altcoins. Institutional sentiment and whale accumulation remain strong despite short-term price weakness. XRP XRP $3.05 24h volatility: 12.1% Market cap: $180.43 B Vol. 24h: $13.62 B has taken a sharp dip, shedding 12.53% in just 24 hours. With a surge of 110.5% in trading volume accompanying the drop, the recent volatility appears to be more of a reset than…

Pump.fun Lawsuit Alleges $5.5B Slot Machine-Like Scheme

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An amended class-action complaint filed in the Southern District of New York alleged that memecoin platform Pump.fun operated as a โ€œfront-facing slot machine cabinetโ€ in extracting more than $5.5 billion from users through deceptive digital asset schemes. The lawsuit, filed on Wednesday, named Pump.funโ€™s operators, including pseudonymous developer Bernie, parent company Baton Corp., and infrastructure partners including Solana Labs, the Solana Foundation, Jito Labs and the Jito Foundation as defendants. The case accused them of engaging in a coordinated enterprise functionally similar to an โ€œunlicensed casino,โ€ relying on volatility and…

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Block Initiates Onboarding of Sellers for Bitcoin Lightning Payments on Square

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Jack Dorseyโ€™s Block, Inc. (NYSE: XYZ) has announced the initiation of onboarding for its first few sellers on Square to facilitate a new native bitcoin acceptance experience. In a social media post, the company’s executive officer expressed enthusiasm for this development, stating, “boom. today we’re onboarding our first few Square sellers for the new native […] Original

Ethereum ETFs Hit 1 Year On US Market

US-based Spot Ether exchange-traded funds marked their one-year trading anniversary on Wednesday amid a three-week run of inflows that included some of their strongest days to date. A year ago, the US Securities and Exchange Commission approved the spot Ether (ETH) ETFs to begin trading on July 23, 2024, with funds from BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck, Invesco and two from Grayscale hitting the market. In the 12 months since, those nine ETFs have together taken in total net inflows of around $8.69 billion and command assets under…

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What Are They Up To?

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelorโ€™s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…