Wednesday, July 9, 2025

Wednesday, July 9, 2025

Kraken’s market share rises to 29% as new product rollouts accelerate growth
Kraken has been gaining momentum over the past month, with its market share climbing to 29% since the start of the year....

The Daily: Pump.fun confirms PUMP token sale plans, hacker drains over $40 million from GMX, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Monad Foundation to bring payment solution to Monad by acquiring stablecoin infrastructure developer Portal Labs
Following the acquisition, Portal co-founder and CEO Raj Parekh will join the Monad Foundation as Head of Payments and Stablecoins....

Circle taps OKX to boost USDC liquidity with direct dollar ramps for over 60 million exchange users
Circle and OKX have partnered to let the exchange’s 60 million users swap dollars for USDC to expand stablecoin liquidity....

Hacker drains $42 million from decentralized perpetual exchange GMX
While a post-mortem of the attack has yet to occur, the hacker appears to have drained funds out of GMX's GLP liquidity pool....

Pump.fun token sale worth $600 million set for July 12 on Bybit and other exchanges
Pump.fun is launching its first and only public token sale on July 12 on Bybit and other exchanges, aiming to raise $600 million....

Warren unveils crypto standards, slams GOP ‘handout’ to industry
Sen. Elizabeth Warren, who is known to be critical of the crypto industry, released standards to regulate that sector. ...

President Trump’s Truth Social Files for ‘Crypto Blue Chip ETF’
The fund would hold top crypto assets, as well as CRO, a nod to ETF partner Crypto.com....

Large-Cap Cryptos Climb as Trump’s Tariff Threats Stir Market Uncertainty
ETH, XRP, and SOL all see modest gains today, as total market cap dips....

Pumpfun Confirms Token Launch, Tokenomics, and ICO Details
After over a month of anticipation, memecoin launchpad pumpfun announced the official details of its upcoming ICO for PUMP....

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