> PUMPFUN COMPLETES FIRST TEAM AND INVESTOR TOKEN UNLOCK WORTH $86.49 MILLION PUMP
ACCORDING TO , PUMPFUN'S ONE-YEAR LOCK-UP FOR TEAM AND INVESTOR TOKENS EXPIRED TODAY, MARKING THE START OF A THREE-YEAR VESTING PERIOD. EARLIER TODAY, PUMPFUN COMPLETED ITS FIRST TEAM AND INVESTOR TOKEN UNLOCK, TRANSFERRING AND DISTRIBUTING 57.279 BILLION PUMP TOKENS, WORTH APPROXIMATELY $86.49 MILLION, TO 121 WALLETS. — LINK
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ACCORDING TO , PUMPFUN'S ONE-YEAR LOCK-UP FOR TEAM AND INVESTOR TOKENS EXPIRED TODAY, MARKING THE START OF A THREE-YEAR VESTING PERIOD. EARLIER TODAY, PUMPFUN COMPLETED ITS FIRST TEAM AND INVESTOR TOKEN UNLOCK, TRANSFERRING AND DISTRIBUTING 57.279 BILLION PUMP TOKENS, WORTH APPROXIMATELY $86.49 MILLION, TO 121 WALLETS. — LINK
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> JUST IN: STRIPE AND ADVENT OFFER TO BUY PAYPAL $PYPL FOR $53 BILLION, REUTERS REPORTS.
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> BINANCE "SUPER APP" STRATEGY: EXPANDING BEYOND TRADING INTO PAYMENTS AND FINANCIAL SERVICES
SHUNYET JAN, HEAD OF SPOT TRADING AND DERIVATIVES AT BINANCE, TOLD COINDESK THAT THE EXCHANGE IS SEEKING TO TRANSFORM INTO A "SUPER APP" INTEGRATING PAYMENTS AND A BROADER RANGE OF FINANCIAL SERVICES. JAN NOTED THAT WHILE TRADING REMAINS AT THE CORE OF BINANCE’S BUSINESS, THE RISE OF STABLECOIN USAGE FOR PAYMENTS AND TRANSFERS HAS CREATED A MARKET THAT EXTENDS WELL BEYOND CRYPTOCURRENCY TRADING. COINBASE HAS PREVIOUSLY EXPRESSED A SIMILAR "SUPER APP" AMBITION, AIMING TO EMULATE MODELS LIKE WECHAT BY INTEGRATING CRYPTO WITH COMPREHENSIVE FINANCIAL SERVICES. — LINK
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SHUNYET JAN, HEAD OF SPOT TRADING AND DERIVATIVES AT BINANCE, TOLD COINDESK THAT THE EXCHANGE IS SEEKING TO TRANSFORM INTO A "SUPER APP" INTEGRATING PAYMENTS AND A BROADER RANGE OF FINANCIAL SERVICES. JAN NOTED THAT WHILE TRADING REMAINS AT THE CORE OF BINANCE’S BUSINESS, THE RISE OF STABLECOIN USAGE FOR PAYMENTS AND TRANSFERS HAS CREATED A MARKET THAT EXTENDS WELL BEYOND CRYPTOCURRENCY TRADING. COINBASE HAS PREVIOUSLY EXPRESSED A SIMILAR "SUPER APP" AMBITION, AIMING TO EMULATE MODELS LIKE WECHAT BY INTEGRATING CRYPTO WITH COMPREHENSIVE FINANCIAL SERVICES. — LINK
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> JAPANESE FINANCIAL GIANT DOWNGRADES CIRCLE TO UNDERPERFORM, CUTS PRICE TARGET FROM $85 TO $50
JAPANESE INVESTMENT BANK MIZUHO DOWNGRADED CIRCLE FROM NEUTRAL TO UNDERPERFORM AND CUT ITS PRICE TARGET FROM $85 TO $50. THE BANK SAID OPENUSD’S MODEL OF DISTRIBUTING MOST RESERVE INCOME TO ISSUERS AND DISTRIBUTION PARTNERS COULD FORCE CIRCLE TO SHARE MORE REVENUE WITH PARTNERS, PUTTING PRESSURE ON ITS MARGINS. AS A RESULT, MIZUHO RAISED ITS FORECAST FOR CIRCLE’S 2027 DISTRIBUTION AND TRANSACTION EXPENSE RATIO FROM 64% TO 73%, AND LOWERED ITS ADJUSTED EBITDA FORECAST FROM $1.09 BILLION TO $699 MILLION. — LINK
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JAPANESE INVESTMENT BANK MIZUHO DOWNGRADED CIRCLE FROM NEUTRAL TO UNDERPERFORM AND CUT ITS PRICE TARGET FROM $85 TO $50. THE BANK SAID OPENUSD’S MODEL OF DISTRIBUTING MOST RESERVE INCOME TO ISSUERS AND DISTRIBUTION PARTNERS COULD FORCE CIRCLE TO SHARE MORE REVENUE WITH PARTNERS, PUTTING PRESSURE ON ITS MARGINS. AS A RESULT, MIZUHO RAISED ITS FORECAST FOR CIRCLE’S 2027 DISTRIBUTION AND TRANSACTION EXPENSE RATIO FROM 64% TO 73%, AND LOWERED ITS ADJUSTED EBITDA FORECAST FROM $1.09 BILLION TO $699 MILLION. — LINK
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> THE BIGGEST LESSON OF THE AI ERA: NEVER GET COMFORTABLE.
ON JUNE 2ND, IBM, $IBM, WAS UP +13% FOR THE YEAR AND TRADING AT ITS HIGHEST LEVEL ON RECORD.
TODAY, JUST 42 DAYS LATER, $IBM FELL -25% POSTING ITS BIGGEST DAILY DECLINE SINCE 1968.
THE STOCK IS NOW DOWN -35% IN 42 DAYS ERASING OVER -$100 BILLION IN MARKET CAP.
AI IS RAPIDLY TRANSFORMING THE GLOBAL ECONOMY.
ADAPT OR BE LEFT BEHIND.
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ON JUNE 2ND, IBM, $IBM, WAS UP +13% FOR THE YEAR AND TRADING AT ITS HIGHEST LEVEL ON RECORD.
TODAY, JUST 42 DAYS LATER, $IBM FELL -25% POSTING ITS BIGGEST DAILY DECLINE SINCE 1968.
THE STOCK IS NOW DOWN -35% IN 42 DAYS ERASING OVER -$100 BILLION IN MARKET CAP.
AI IS RAPIDLY TRANSFORMING THE GLOBAL ECONOMY.
ADAPT OR BE LEFT BEHIND.
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> STRIPE AND ADVENT REPORTEDLY OFFER $53 BILLION TO ACQUIRE PAYPAL
ACCORDING TO REUTERS, STRIPE AND ADVENT INTERNATIONAL HAVE OFFERED TO ACQUIRE PAYPAL FOR $60.50 PER SHARE, VALUING THE PAYMENTS GIANT AT MORE THAN $53 BILLION. THE OFFER IS BACKED BY AROUND $50 BILLION IN COMMITTED FINANCING AND REPRESENTS A ROUGHLY 28% PREMIUM TO PAYPAL'S LATEST CLOSING PRICE. SOURCES SAID THE PARTIES ARE AIMING TO REACH AN AGREEMENT BY THE END OF JULY, THOUGH THERE IS NO CERTAINTY A DEAL WILL BE COMPLETED.
STRIPE HAS INCREASINGLY FOCUSED ON STABLECOIN INFRASTRUCTURE AND CRYPTO PAYMENTS, WHILE PAYPAL LAUNCHED PYUSD IN 2023 AND HAS BECOME ONE OF THE LARGEST REGULATED STABLECOIN ISSUERS. — LINK
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ACCORDING TO REUTERS, STRIPE AND ADVENT INTERNATIONAL HAVE OFFERED TO ACQUIRE PAYPAL FOR $60.50 PER SHARE, VALUING THE PAYMENTS GIANT AT MORE THAN $53 BILLION. THE OFFER IS BACKED BY AROUND $50 BILLION IN COMMITTED FINANCING AND REPRESENTS A ROUGHLY 28% PREMIUM TO PAYPAL'S LATEST CLOSING PRICE. SOURCES SAID THE PARTIES ARE AIMING TO REACH AN AGREEMENT BY THE END OF JULY, THOUGH THERE IS NO CERTAINTY A DEAL WILL BE COMPLETED.
STRIPE HAS INCREASINGLY FOCUSED ON STABLECOIN INFRASTRUCTURE AND CRYPTO PAYMENTS, WHILE PAYPAL LAUNCHED PYUSD IN 2023 AND HAS BECOME ONE OF THE LARGEST REGULATED STABLECOIN ISSUERS. — LINK
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> HYPERLIQUID LISTS CXMT, POTENTIALLY A-SHARE’S LARGEST IPO AND 4TH-LARGEST DRAM MAKER
FOLLOWING THE LISTING OF THE “CSI STAR MARKET 50 ETF”, HYPERLIQUID HAS OFFICIALLY ADDED CHANGXIN MEMORY TECHNOLOGIES (CXMT). AS A-SHARE LISTINGS SUCH AS CXMT ON THE STAR MARKET REQUIRE A RMB 500,000 MINIMUM ACCOUNT THRESHOLD FOR INVESTORS, THE MOVE PROVIDES OVERSEAS USERS WITH A TRADING CHANNEL FOR EXPOSURE TO RELATED A-SHARE ASSETS.
CXMT IS CHINA’S LARGEST AND THE WORLD’S FOURTH-LARGEST DRAM MANUFACTURER BY PRODUCTION CAPACITY. THE COMPANY HAS SECURED THE SECOND-LARGEST FUNDRAISING AMOUNT IN STAR MARKET HISTORY, BEHIND ONLY SMIC, AND HAS BEEN DESCRIBED BY MULTIPLE MEDIA OUTLETS AS POTENTIALLY BECOMING THE LARGEST IPO IN A-SHARE MARKET HISTORY. — LINK
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FOLLOWING THE LISTING OF THE “CSI STAR MARKET 50 ETF”, HYPERLIQUID HAS OFFICIALLY ADDED CHANGXIN MEMORY TECHNOLOGIES (CXMT). AS A-SHARE LISTINGS SUCH AS CXMT ON THE STAR MARKET REQUIRE A RMB 500,000 MINIMUM ACCOUNT THRESHOLD FOR INVESTORS, THE MOVE PROVIDES OVERSEAS USERS WITH A TRADING CHANNEL FOR EXPOSURE TO RELATED A-SHARE ASSETS.
CXMT IS CHINA’S LARGEST AND THE WORLD’S FOURTH-LARGEST DRAM MANUFACTURER BY PRODUCTION CAPACITY. THE COMPANY HAS SECURED THE SECOND-LARGEST FUNDRAISING AMOUNT IN STAR MARKET HISTORY, BEHIND ONLY SMIC, AND HAS BEEN DESCRIBED BY MULTIPLE MEDIA OUTLETS AS POTENTIALLY BECOMING THE LARGEST IPO IN A-SHARE MARKET HISTORY. — LINK
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> STRIPE AND ADVENT HAVE OFFERED $53B TO ACQUIRE PAYPAL AT $60.50 PER SHARE, A 28% PREMIUM, WITH PAYPAL’S BOARD YET TO RESPOND | PER REUTERS
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> SPOT BITCOIN ETFS RECORDED $181 MILLION IN NET INFLOWS
ACCORDING TO SOSOVALUE DATA, SPOT BITCOIN ETFS RECORDED $181 MILLION IN NET INFLOWS YESTERDAY (JULY 14, ET). SPOT ETHEREUM ETFS SAW $58.3385 MILLION IN NET INFLOWS, WITH NONE OF THE 10 ETFS RECORDING NET OUTFLOWS. — LINK
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ACCORDING TO SOSOVALUE DATA, SPOT BITCOIN ETFS RECORDED $181 MILLION IN NET INFLOWS YESTERDAY (JULY 14, ET). SPOT ETHEREUM ETFS SAW $58.3385 MILLION IN NET INFLOWS, WITH NONE OF THE 10 ETFS RECORDING NET OUTFLOWS. — LINK
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> JAPAN PASSES KEY BILL RECOGNIZING CRYPTO AS FINANCIAL PRODUCT, LOWERING TAX RATE — LINK
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> US TREASURY FREEZES MORE THAN $130M IN CRYPTO HELD IN WALLETS LINKED TO IRAN’S CENTRAL BANK
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> US CENTCOM: : AT 6 A.M. ET TODAY, U.S. CENTRAL COMMAND FORCES BEGAN LAUNCHING A WAVE OF STRIKES AGAINST IRAN
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> TRUMP DEFENDS ICE AND TRAFFIC STOPS
TRUMP PRAISED ICE, CLAIMING CRIME IS FALLING AND ARGUING THAT STRICT IMMIGRATION ENFORCEMENT REMAINS NECESSARY.
HE DEFENDED TRAFFIC STOPS AS A KEY CRIME-FIGHTING TOOL AND URGED ICE OFFICERS TO ACT “JUDICIOUSLY, FAIRLY AND SMARTLY.”
TRUMP BLAMED BIDEN’S BORDER POLICIES FOR ALLOWING MILLIONS OF UNCHECKED MIGRANTS INTO THE US AND VOWED NOT TO WEAKEN ICE ENFORCEMENT.
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TRUMP PRAISED ICE, CLAIMING CRIME IS FALLING AND ARGUING THAT STRICT IMMIGRATION ENFORCEMENT REMAINS NECESSARY.
HE DEFENDED TRAFFIC STOPS AS A KEY CRIME-FIGHTING TOOL AND URGED ICE OFFICERS TO ACT “JUDICIOUSLY, FAIRLY AND SMARTLY.”
TRUMP BLAMED BIDEN’S BORDER POLICIES FOR ALLOWING MILLIONS OF UNCHECKED MIGRANTS INTO THE US AND VOWED NOT TO WEAKEN ICE ENFORCEMENT.
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> BITMINE GENERATED $45.7M FROM ETH STAKING LAST QUARTER, 98% OF REVENUE
ACCORDING TO BITMINE’S LATEST 10-Q FILING, BITMINE IMMERSION TECHNOLOGIES GENERATED $45.7 MILLION IN ETHEREUM STAKING AND VALIDATION REVENUE FOR THE QUARTER ENDED MAY 31, ACCOUNTING FOR 98% OF TOTAL REVENUE. A YEAR EARLIER, THE COMPANY RECORDED JUST $2 MILLION IN REVENUE, PRIMARILY FROM MACHINE LEASING. BITMINE SAID ITS INSTITUTIONAL-GRADE ETHEREUM STAKING PLATFORM MAVAN, LAUNCHED IN MARCH, HAS STAKED ABOUT 4.9 MILLION ETH, OR 85% OF ITS HOLDINGS. CHAIRMAN TOM LEE SAID ANNUALIZED ETH STAKING REWARDS ARE EXPECTED TO REACH $284 MILLION ONCE ALL ETH IS STAKED THROUGH MAVAN AND ITS PARTNERS. — LINK
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ACCORDING TO BITMINE’S LATEST 10-Q FILING, BITMINE IMMERSION TECHNOLOGIES GENERATED $45.7 MILLION IN ETHEREUM STAKING AND VALIDATION REVENUE FOR THE QUARTER ENDED MAY 31, ACCOUNTING FOR 98% OF TOTAL REVENUE. A YEAR EARLIER, THE COMPANY RECORDED JUST $2 MILLION IN REVENUE, PRIMARILY FROM MACHINE LEASING. BITMINE SAID ITS INSTITUTIONAL-GRADE ETHEREUM STAKING PLATFORM MAVAN, LAUNCHED IN MARCH, HAS STAKED ABOUT 4.9 MILLION ETH, OR 85% OF ITS HOLDINGS. CHAIRMAN TOM LEE SAID ANNUALIZED ETH STAKING REWARDS ARE EXPECTED TO REACH $284 MILLION ONCE ALL ETH IS STAKED THROUGH MAVAN AND ITS PARTNERS. — LINK
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