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Pump.fun, a platform that enables anyone to create and launch memecoins, concluded one of the largest and fastest initial coin offerings (ICOs) on Saturday. Within 12 minutes of the ICO going live, the platform raised $600 million from the sale of 15% of its token supply for $0.0040 each.
The ICO, which ended far quicker than the assigned 72 hours, put the platform’s fully diluted valuation at $4...
When Bitcoin skeptic Peter Schiff started yet another rant about Bitcoin today, it was too much for Galaxy CEO Mike Novogratz. As a salty Schiff began calling Bitcoin’s capped supply “meaningless” and “arbitrary,” Novogratz fired back:
“Why do you hate $BTC so much? You have been wrong on it for a decade. A flexible mind is a healthy mind. Admit you were wrong. It’s liberating.”
Schiff, a long-...
US Democratic lawmakers, led by House members Maxine Waters and Stephen Lynch, announced on July 11 that next week will be designated “Anti-Crypto Corruption Week.”
The initiative aims to unite Democrats in opposing several pro-crypto bills that are currently under consideration in Congress, including the GENIUS Act, the CLARITY Act, and a proposed law aimed at preventing the creation of a...
DV8 Public Company Limited, a publicly listed firm in Thailand looking to reinvent itself as a Bitcoin Treasury firm, has appointed Thai business magnate Chatchaval Jiaravanon as its new Chairman, according to a July 11 statement shared with CryptoSlate.
Jiaravanon, best known internationally for acquiring Fortune Magazine in 2018, is part of Thailand’s influential Charoen Pokphand Group family....
The first half of 2025 has been eventful for crypto. Bitcoin (BTC) price climbed around 24% during the first six months while Ethereum (ETH) lost nearly 12% of its value.
With President Donald Trump taking office in January, the U.S. approach to cryptocurrencies has shifted significantly. Several lawsuits against crypto firms initiated during the Biden administration have been dropped or resolved...
The U.S. Securities and Exchange Commission (SEC) has filed civil charges and sought an emergency asset freeze against First Liberty Building...
Tether announced it will discontinue support for its USDT stablecoin on five “legacy” blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand.
According to the July 11 announcement, the move will become effective Sept. 1, ending redemptions and freezing remaining tokens on those networks.
The decision comes as part of what the company called an “infrastructure optimization...
NFT-related tokens delivered the strongest sector performance in the second quarter, gaining an average of 55.4% even as dollar-denominated NFT trading volume fell to multi-year lows.
Artemis data shows that the average gains from NFT-related tokens surpassed the second-best performance, which was Ethereum’s (ETH) 37.2%, by nearly 50%.
Pudgy Penguins’ PENGU token accounted for much of the sector’...
Former Binance CEO Changpeng Zhao allegedly supported crypto projects tied to the Trump family while privately seeking a presidential pardon, according to a July 11 Bloomberg News report.
The report claimed that Binance wrote the foundational smart contract code for USD1, a stablecoin issued by World Liberty Financial, a company affiliated with President Donald Trump.
Three people familiar with...
BlackRock’s iShares Bitcoin Trust (IBIT) crossed $80 billion in assets under management on July 10, becoming the fastest exchange-traded fund (ETF) to reach the threshold in 374 trading days.
Bloomberg senior ETF analyst Eric Balchunas noted on X that IBIT outperformed the Vanguard S...