Coindesk

12 minutes. That’s how long it took for Pump.fun’s token offering to raise roughly $500 million from retail investors across various exchanges, including Bybit, Kraken, and KuCoin.The sale priced 125 billion tokens at $0.004 apiece, implying a $4 billion fully diluted valuation for the Solana-based memecoin launcher’s new utility token.For now, holders must wait to get their hands on the token they bought. Pump.fun said the purchased tokens will land in wallets over the next 48–72 hours and will stay locked until distribution ends, blocking trades or transfers. The team shared the official Solana contract address— pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn— and warned users to shun look-alike assets.Read more: PUMP Lingers at 40% Premium Over ICO Price on Hyperliquid Ahead of Pump.fun Token SaleIn...

Coinbase broke with its usual blue logo on X, posting a Pudgy Penguins non-fungible token as its profile picture alongside the quip “new pfp, who dis.”Minutes later, PENGU, the native token of the penguin-themed ecosystem, started surging. The token rose more than 60% in the rally before enduring a correction, but it’s still up more than 35% for the week.The official Pudgy Penguins account mirrored the move, sending matching ice-blue avatars gliding across feeds and leading to talk of a partnership between Coinbase and Igloo Inc., the startup that steers the collection. Various crypto-related firms, including VanEck, MoonPay, and AwakenTax, have since changed their profile pictures to pudgy penguins.The stunt has also lifted the floor price of Pudgy Penguin NFTs,...

Major cryptocurrencies, excluding XRP, registered moderate losses as President Donald Trump announced fresh tariffs on imports from Mexico and the European Union (EU).The President slapped 30% levy on the two trading partners, which will take effect from Aug. 1, according to letters Trump posted on his Truth Social account."Mexico has been helping me secure the border. BUT, what Mexico has done, is not enough," Trump wrote in a letter to Mexican President Claudia Sheinbaum. In another letter to European Commission President Ursula von der Leyen, Trump called the relationship with the EU far from reciprocal.Early this week, Trump issued new tariffs for several countries, including South Korea, Japan, Canada and Brazil, along with a 50% tariff on copper, triggering volatility...

Bitcoin’s rally to $120,000 this week has sparked a broader breakout across major crypto assets, with ether (ETH), Solana’s SOL, XRP, and dogecoin (DOGE) all posting high single-digit percentage gains.However, this time, price action isn’t just about momentum, as traders claim that market structure is evolving under the weight of institutional influence.“This isn’t a frenzied boom with no foundation,” said Seamus Rocca, CEO of Xapo Bank. “It’s a measured ascent, backed up by large institutional players with the long-term in mind.”Rocca pointed to tight monetary policy and geopolitical volatility as reinforcing Bitcoin’s emerging role as a macro hedge, adding that “the momentum we’ve seen over the last 48 hours is clear. Bitcoin isn’t just growing in value, but also as...

What to know:DOGE advanced 8.6% from $0.198 to $0.213 between July 11 06:00 and July 12 05:00 before closing at $0.202 — a full retracement of its intraday gains.Trading volumes surged past 1.1B during the 13:00–15:00 session, establishing resistance between $0.208–$0.213.Support held at $0.200–$0.201 through late-session volatility, with final hour price action stabilizing around $0.202.Analysts flagged the rejection at $0.211 (20:00) as evidence of systematic profit-taking by larger holders.News Background: BTC Record, Risk-On Flows Drive Meme Coin RallyBitcoin touched an all-time high of $118,000 during the session, as crypto markets benefited from a surge in institutional inflows — estimated at $50B this week alone.Easing geopolitical tensions, improving trade relations, and dovish signals from central banks have boosted risk assets across...