Bitcoin ATH: Pump.fun Sell $600M & Tether Cut USDT Chains
Bitcoin hit im highest ever value of $119,300 on July 11 and epp pass $119,000 over weekend before US House Crypto Week. Bitcoin ATH also make 9.5% gain dis week, make year-to-date returns reach 27% because of spot ETF money come in and money policy expectation dey ease.
For law news, Congress go discuss three bills to clear crypto regulation: make CFTC get oversight, approve fully backed private stablecoins, and ban US central bank digital money. People still dey buy for Solana, as Pump.fun gather $600 million for only 12 minutes and grab on-chain analytics firm Kolscan.
Trump memecoin move to Tron as e price drop from $74 to $8.59, e cause worry for decentralization. Tether wan stop support USDT for five blockchains from September, after dem stop minting on EOS and Algorand. Meanwhile, GMX hacker don return over $40 million wey e thief, and Coinbase join real-time market data with Perplexity AI to better trading tools.
Bullish
Dis developments dey bullish for Bitcoin short term and long term. The Bitcoin ATH and strong weekly gains show say market dey solid because spot ETF inflows, company adoption and regulations wey clear. The law makers push for clear crypto rules dey reduce wahala and fit attract institutional money. Retail demand for Solana and Pump.fun quick $600 million sale mean say many people get interest for risk assets, e dey strengthen positive movement. Tether stablecoin adjustments fit reduce liquidity small but e go better overall market health by cutting less active chains. The GMX hacker fund return and Coinbase real-time AI integration dey improve security and trading setup, e dey build trust. All these things together go support more upside chance and reduce downside risk.