Crypto News

Pump.fun’s public token sale for its PUMP cryptocurrency raised $500 million after selling out rapidly in roughly 12 minutes. PUMP Token Sale Sells out, Raising $500 Million for Platform Expansion The initial coin offering (ICO) — a crowdfunding method for new digital tokens — launched July 12 at 2 p.m. UTC. Pump.fun, a leading memeSource link

The stablecoin economy picked up fresh momentum this week, growing by another $2.693 billion over the past seven days. Tether’s USDT continues to lead the pack, now flaunting a market cap of $160 billion, according to data from defillama.com. With new capital flowing in, the sector shows no signs of slowing its climb—at least forSource link

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...

XRP surged to $2.84, marking a 27.9% gain over the week, with its market capitalization climbing to $167 billion—placing it above Tether as the third-largest cryptocurrency. In the past 24 hours, XRP recorded a trading volume of $14.24 billion, with an intraday price range between $2.61 and $2.91. XRP In the 1-hour chart, XRP’s recentSource link

Jay Clayton, President Trump’s onetime SEC head, is now top prosecutor at the DOJ office set to take Roman Storm to trial on Monday.Source link