Bitcoin briefly plunged to $24,111 on Binance's BTC/USD1 pair before rebounding to $87,880. The incident was isolated to a low-liquidity market and did not affect major BTC trading pairs, highlighting risks tied to thin order books, stablecoin fragmentation, and automated trading.
Coinbase Wallet users can now access more Solana tokens through Jupiter DEX integration, potentially opening exposure to 50,000 to 80,000 assets. The move may boost liquidity and on-chain activity, while also increasing user exposure to risky, low-liquidity tokens.
Ripple and Ondo Finance will bring Ondo’s OUSG tokenized U.S. Treasuries to the XRP Ledger within six months, with RLUSD enabling 24/7 minting and redemption. The move highlights XRPL’s growing role in institutional RWA tokenization.
Bitcoin briefly plunged to $24,111 on Binance's low-liquidity BTC/USD1 pair before rebounding to $87,880. The incident did not affect major trading pairs but highlighted risks tied to thin liquidity, automated selling, and lesser-used stablecoin markets.
pump.fun co-founder Sapijiju has released the platform’s first official weekly report, outlining revenue, trading activity, burn mechanics, and product updates for the period from June 29 to July 5. According to the report, protocol fees from Bonding Curve, PumpSwap, and Terminal totaled $7.2 million during the week. Half of net fees were allocated to PUMP buybacks and burns, with roughly $3.7 million worth of PUMP repurchased and burned over the past seven days. Cumulatively, 41.8% of the token’s circulating supply has now been burned. On the trading side, weekly volume reached $553 million on Bonding Curve and $1.65 billion on PumpSwap. The team also removed the previously introduced Tokenized Agent launch option following community feedback. Product updates included a new Swap service in Pump App that cut execution time from 1–2 seconds to 300–400 milliseconds, as well as a low-KYC fiat on-ramp that lifted average daily deposit volume by about 21%. Terminal also added offline token tagging, reduced JS package size by 35%, and expanded search filters. Meanwhile, GO-related posts have surpassed 18 million views, with around 3,000 bounty tasks created, 18,000 submissions received, and more than $600,000 in rewards paid out.
EigenLayer has launched its first airdrop season, allowing eligible users to claim about 113 million EIGEN tokens. The token remains non-transferable for now, with transfers expected to unlock by September 30, 2024 alongside new features and further decentralization.
JPMorgan is launching its first tokenized money market fund, MONY, on Ethereum with $100 million in seed capital. At the same time, ETH traders are watching $2,600 as critical support and $3,600 as key resistance, highlighting a clash between strong institutional adoption and mixed technical signals.
Block has completed development of its 3nm Bitcoin mining chip and is moving toward full tapeout with a leading global foundry. The move could improve miner profitability and introduce new competition into a market long dominated by a few major players.
