0xSun on PUMP Participation Strategy: Different strategies can be formulated based on the public sale speed
On July 12th, Smart Money, the crypto KOL 0xSun (@0xSunNFT), published an article discussing participation in the pump.fun token sale and trading strategies. He suggested that investors could formulate different hedging strategies according to the situation of the public sale.
0xSun suggested that if the public sale speed is slow, one can choose not to participate. If the public sale participation progress is fast, one can participate in hedging with sufficient margin, and the risk lies in the token distribution interval of 24 to 72 hours after the end of the public sale. "One scenario is a contract squeeze and empty order. The response is to leave enough margin, which is equivalent to reducing the capital utilization rate to increase security. The second scenario is that spot trading opens earlier than the time when tokens can be transferred, manipulating the spot price to squeeze. Even if the contract price does not follow, it will become a negative fee rate. Retail investors who he
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Maltese asset management company Samara Asset Group has disclosed holding 525 BTC, equivalent to 28% of its portfolio.
On July 12th, the Maltese asset management company Samara Asset Group announced that it holds 525 BTC, with a value of approximately $57.3 million, which accounts for 28% of its assets under management.
Samara Asset Group stated that it intends to reduce its exposure to traditional markets, attract cryptocurrency investors, and utilize Bitcoin as a reserve asset to safeguard capital with a long-term investment perspective.
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Game Infrastructure Developer BRAVO READY Acquires Solana Blockchain Strategy Game Honeyland
On July 12th, Honeyland, a Solana blockchain strategy game developed by Hexagon Studios, announced that it has been acquired by game infrastructure developer BRAVO READY. The specific acquisition amount has not been made public.
Previously, Honeyland had secured $4 million in funding with a valuation of $20 million. Upon the completion of the acquisition deal, Honeyland will be integrated into BRAVO READY's portfolio of real-time revenue-generating products.
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A whale added over $5.34 million to their HYPE short position half an hour before a certain contract trade incurred a $22 million loss.
On July 12th, based on on-chain data, a whale added 49,939.28 HYPE short positions with a 5x leverage half an hour ago. The position value now amounts to $79.5 million. In addition, the whale also holds a $236 million 10x Bitcoin short and a $137 million 10x Ethereum short.
It is worthy of note that this address has accumulated a loss of $22.52 million on Hyperliquid.
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BiyaPay Analyst: Multiple Bullish Factors Driving BTC to New All-Time Highs, Will It Reach $200,000 This Time?
July 11th. Lately, Bitcoin has surged past $116,500, attaining another all-time high and experiencing a nearly 20% growth since the start of the year. Underpinning this upward movement are several positive factors. The Fed's anticipated rate cut, Trump's signing of the tax expenditure bill, and the easing of the global trade war have all intensified the market's demand for safe-haven assets like Bitcoin.
Bitcoin's breakout has drawn the market's attention to whether it can continue to ascend, particularly whether it can breach the psychological barrier of $200,000. According to Adam Guren, the Chief Investment Officer of Hunting Hill, Bitcoin's current rally is a result of the combined influence of ETF inflows, the growing institutional adoption, and a favorable macro environment. In contrast to previous cycles, the current demand is structural, regulated, and persistent, suggesting that Bitcoin's upward momentum may persist.
Furthermore, the increase in M2 money supply and instituti
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BlockFi Trust Company LLC is immensely pleased to announce that an agreement has been reached between the company's Chapter 11 Trustee and the United States Department of Justice, resulting in the dismissal of a $35 million lawsuit.
On July 12th, the trustee of BlockFi reached an agreement with the U.S. Department of Justice (DOJ) to drop a lawsuit regarding a $35 million cryptocurrency asset transfer. New Jersey Bankruptcy Court Judge Michael B. Kaplan approved this agreement on Friday. The case originated from an incident in May 2023 when the DOJ tried to seize funds in BlockFi accounts belonging to two Estonian citizens, claiming a link to an ongoing criminal fraud case.
Under the terms of the settlement, the case has been "dismissed with prejudice," and each party will be responsible for its own legal fees. It is important to note that BlockFi declared bankruptcy after the FTX collapse in November 2022 and currently owes approximately $10 billion to around 100,000 creditors. The deadline for customers to withdraw their remaining cryptocurrency assets has been set for April 28, 2024. (Cointelegraph)
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