Daily News: Bitcoin Targets $120K, Pump.fun Secures $500 Million in Public Sale, $1 billion Token Unlocks Approaches, And More

BTC Continues Weekend Surge, Breaks $119,900 Today

Bitcoin maintained its upward momentum over the weekend, consolidating slightly at $117K before breaking through $119,900 today. It is now poised to potentially surpass $120K this week. In the past 24 hours, approximately $83.26 million worth of Bitcoin shorts were liquidated, further fueling bullish sentiment in the market.

Trump Sends Tariff Letters to 24 Trade Partners in Four Batches

Trump issues tariff letters to 24 trade partners in four separate batches.

1. July 7, First Batch (14 Countries): Japan (25%), South Korea (25%), South Africa (30%), Kazakhstan (25%), Laos (40%), Malaysia (25%), Myanmar (40%), Tunisia (25%), Bosnia and Herzegovina (30%), Indonesia (32%), Bangladesh (35%), Serbia (35%), Cambodia (36%), Thailand (36%).

2. July 9, Second Batch (8 Countries): Brazil (50%), Philippines (20%), Brunei (25%), Moldova (25%), Algeria (30%), Iraq (30%), Sri Lanka (30%), Libya (30%).

3. July 10, Third Batch (1 Country): Canada (35%).

4. July 12, Fourth Batch (2 Countries/Regions): Mexico (30%), European Union (30%).

U.S. Financial Bureau Chief Encourages Powell to Consider Resignation Amid Rumors

On July 12, U.S. Federal Housing Finance Agency Director Pulte issued a statement regarding rumors that Federal Reserve Chairman Jerome Powell is considering resignation. Pulte stated, “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom.”

Analyst Adam Button responded, "This is a strange statement because it indicates that there are reports that Powell is considering resigning, but I can't find any reports. What's even more puzzling is that Pulte has been posting on social media for a long time that Powell should resign, and even foretold this statement in advance — even though the so-called 'report' quoted by the statement itself has no way of verifying it. It is currently impossible to determine its true intentions, but it is worth noting that the financial market seems unresponsive to this."

Musk Urges Trump to Release Epstein Files as Promised

On July 13, Elon Musk took to X to once again urge Donald Trump to fulfill his promise of releasing the Epstein files. Musk noted that Trump repeatedly mentioned Epstein "half a dozen times" on Truth Social while telling people to stop discussing the matter. "This is a very big deal," Musk commentted under another X post, "What the hell kind of system are we living in if thousands of kids were abused, the government has videos of the abusers and yet none of the abusers are even facing charges!?"

Previously, Musk had been urging Trump to post the Epstein files since July 9: "How can people be expected to have faith in Trump if he won’t release the Epstein files?" Musk once wrote that Trump was in Epstein files on July 6.

Bitcoin Mining Difficulty Increases by 7.96% to 126.27 T

According to CloverPool (formerly BTC.com), Bitcoin mining difficulty was adjusted yesterday at block height 905,184, increasing by 7.96% to 126.27 T. The current seven-day average network hash rate stands at 910.14 EH/s.

Pump.fun Token Sale Raised $500 Million in About 12 Minutes

According to the official token sale page of Pump.fun, the token sale has ended, successfully raising $500 million in public sales within approximately 12 minutes. A total of 189 addresses on the PUMP chain contributed $1 million each, reaching the public sale cap.

Linea Project Lead Confirms Upcoming Announcement Will Be Related to TGE

Linea project lead Declan Fox (@DeclanFox14) announced that the team is ready to deliver on the LINEA plan unveiled in Bangkok, with a detailed announcement scheduled for later this month. When asked by community members whether the announcement would be related to a Token Generation Event (TGE), Declan Fox explicitly confirmed, "Yes."

Insider Report: Crypto Infrastructure Firm Zerohash Nears $100M Funding Round

Crypto and stablecoin infrastructure provider Zerohash is close to completing a $100 million funding round, with a valuation approaching $1 billion. Sources reveal that the round is led by online brokerage Interactive Brokers.

Founded in 2017, Zerohash specializes in backend infrastructure for financial institutions dealing with cryptocurrencies and digital assets. Recently, the company has been active in the stablecoin space, partnering with Stripe to facilitate conversions between cash and stablecoins. Additionally, Zerohash collaborates with Securitize to support traditional financial giants like BlackRock and Franklin Templeton in entering the tokenized market.

CZ Comments on Buffett's Refusal to Invest in BTC: "No One Can Be Right About Everything"

Binance co-founder CZ commented under a post about Warren Buffett's refusal to invest in Bitcoin: "No one is right about everything. "

In 2014, Bitcoin was priced at approximately $600, but Buffett chose not to invest. Since then, Bitcoin's value has surged by 19,400%, repeatedly reaching new highs.

Michael Saylor Shares Bitcoin Tracker Update, Possibly Hinting at Strategy's BTC Accumulation

Founder of Strategy Michael Saylor shared Bitcoin Tracker information on X once again, saying: "Some weeks you don’t just HODL."

Based on past patterns, Strategy often discloses Bitcoin accumulation details the day after such updates are shared. This has led to speculation that another BTC purchase announcement may be forthcoming.

SharpLinkGaming Increases ETH Holdings by 16,374, Total Reaches 270,000 ETH

According to analyst @EmberCN's monitoring, SharpLinkGaming added 16,374 ETH to its holdings 7 hours ago, valued at approximately $48.85 million. This brings its total ETH holdings to 270,000.

Since June, SharpLinkGaming has been accumulating ETH following a micro-strategy-like model, purchasing a total of 270,000 ETH at an average price of $2,667. The current unrealized profit stands at $81.8 million.

Major Token Unlocks for TRUMP, ZRO, ARB, FTN, and ZRO

Several tokens, including TRUMP, ZRO, and ARB, will undergo significant unlock events this week, with a total value exceeding $1 billion. Key details include:

• ARB: 92.65M tokens on July 16, worth ~$38.06M (1.87%).

• APE: 15.6M tokens on July 17, worth ~$10.35M (1.95%).

• TRUMP: 90M tokens on July 18, worth ~$878M (45%).

• FTN: 20M tokens on July 18, worth ~$89.8M (4.64%).

• ZRO: 25.71M tokens on July 20, worth ~$55.53M (23.13%).

(Source: Token Unlocks)