Crypto.information’ newest weekly recap presents a digest of the cryptocurrency sector’s greatest tales. Final week, Bitcoin shattered data with a brand new all-time excessive, whereas Pump.enjoyable lit up the charts with a $600 million token sale that offered out in minutes.
In the meantime, Tether continued its blockchain cleanup, GMX’s hacker had a change of coronary heart, and Coinbase made an AI-powered transfer.
From NFT sellouts to regulatory shakeups and billion-dollar pockets shifts, right here’s every part it’s essential know to remain forward in crypto.
Bitcoin reaches new all-time excessive
- Bitcoin (BTC) achieved a report value of $118,856 on July 11, 2025, and stored going.
- Finally test Sunday, the coin surged previous $119,000.
- This upcoming week, Congress is getting ready a legislative triple-header, which may both add recent gasoline to the rally or trigger turbulence.
Pump.enjoyable completes $600 million token sale
- The Solana (SOL)-based meme coin launcher raised roughly $600 million from retail buyers in simply 12 minutes.
- The sale was held throughout a number of exchanges like Bybit, Kraken, and KuCoin.
- The meme coin launcher additionally introduced its first acquisition, buying Kolscan, a pockets tracker.
Trump jumps to Tron
- The TRUMP memecoin heads to Tron amid a steep value drop from $74 to $8.59, aligning itself with controversial crypto determine Justin Solar, who holds a big stake (and plans to purchase extra) of the token.
- Issues over insider management are rising as CIC Digital, a Trump-affiliated entity, holds 80% of the token provide, elevating questions on decentralization and potential market manipulation.
- Geopolitical and offshore affect loom massive, with blockchain evaluation revealing most prime TRUMP holders are based mostly exterior the U.S., fueling skepticism across the token’s precise worth and intent.
Tether discontinues blockchain assist
- The stablecoin issuer declared on Friday that, as of Sept. 1, it would not assist USDT on 5 blockchains.
- This comes after Tether determined in June to cease minting on EOS (now Vaulta) and Algorand (ALGO).
GMX attacker begins returning stolen funds
- The person who drained over $40 million from GMX’s V1 contracts earlier this week has began returning funds.
- The primary indication got here Friday by way of an on-chain message stating “okay, funds might be returned later.”
Coinbase companions with Perplexity AI for market knowledge
- The cryptocurrency change has teamed with AI search engine startup Perplexity AI to offer merchants with simpler entry to real-time crypto market info.
- CEO Brian Armstrong introduced the partnership Wednesday on X. He additionally emphasised quicker and better-informed buying and selling selections by way of built-in change knowledge in Perplexity’s AI instruments.
Snoop Dogg NFT launch sells out on Telegram
- The hip-hop legend’s newest NFT assortment offered out inside half-hour, garnering reward from Pavel Durov, the founding father of Telegram.
Emirates explores cryptocurrency funds
- Emirates Airline, based mostly in Dubai, introduced plans to just accept cryptocurrency funds by way of a draft take care of Crypto.com.
BNY Mellon turns into RLUSD custodian
- Financial institution of New York Mellon will function major custodian for Ripple Labs’ RLUSD stablecoin, safeguarding the backing funds.
New Zealand bans cryptocurrency ATMs
- The nation declared that, as a part of its makes an attempt to enhance anti-money laundering and counter-terrorist funding insurance policies, digital forex ATMs might be prohibited.
- With the ban, New Zealand joins the group of countries implementing stringent rules on crypto infrastructure.
Metaplanet expands Bitcoin holdings and technique
- The Japan-based firm acquired an extra 2,205 Bitcoin, bringing whole holdings to fifteen,555 BTC based on Monday’s disclosure.
- CEO Simon Gerovich indicated the corporate is contemplating “section two” of its Bitcoin treasury technique in a Monetary Occasions interview.
Arkham explains Satoshi-era pockets actions
- In line with analytics agency Arkham, the migration of greater than $8 billion value of Bitcoin from inactive Satoshi-era wallets final week was pushed by pockets safety updates.
- Eight wallets, every containing 10,000 BTC, have been transferred to modern bc1q-style addresses since 2011, based on on-chain knowledge.
