In an outrageous post on X, Zhao called the article a hit piece—like something straight out of a bad parody! He was like, “Dude, this thing has more inaccuracies than a fortune cookie!” 🥠 So, hold onto your hats, folks! A defamation lawsuit might be on the horizon! 😬⚖️
In a delightful interview, Guild revealed that she believes the S&P 500 may close the year at around 6,200, with a move to 6,500 being a possibility. 📈
As part of the deal, Animoca will allocate up to $100 million in BTC, as announced on Thursday. Yat Siu, co-founder and executive chairman of Animoca Brands, praised DDC Enterprise’s CEO Norma Chu for her ability to cultivate a “substantial non-crypto following,” introducing the asset sector to the general public who may not have had an interest in crypto otherwise. Siu also commended Chu’s ability to bridge the East and West, successfully navigating markets on both sides of the planet.
This blockbuster event was confirmed on July 12 over at X (formerly known as Twitter, but who’s counting?), where the team celebrated like they’d just won the lottery. Spoiler alert: the token is gearing up for its distribution phase! 🎉
Now, let’s talk about the PUMP token, which has a maximum supply of 1 trillion— because, of course, more is merrier! 🎉 A delightful 33% of this generous bounty was graciously allocated to the ICO. But wait, there’s more! A cute 24% was saved for the eco-system (trees would be proud) and 13% allocated to those fortunate existing investors. It’s kind of like a crypto buffet—everyone wants a taste!
The team behind Pump.fun must be thrilled. Their Solana-based memecoin launcher’s new utility token is now valued at a whopping $4 billion. Not bad for a few minutes’ work.
On Friday, Bloomberg Senior ETF Analyst Eric Balchunas noted on X that BlackRock’s spot Bitcoin ETF (IBIT) had reached an important milestone at the close of trading on the previous day, becoming the fastest ETF to get to $80 billion in assets under management (AUM). The second fastest ETF to get to this level was Vanguard’s S&P 500 ETF (VOO), which got there in 1,814 days. That’s like comparing a sprinter to a tortoise. 🏃♂️🐢
But really, what fuels Mr. Cobb’s inexplicable confidence in this financial fairy tale?
With a bunch of ecosystem upgrades on the horizon, a growing interest from big players, and experts who are practically giddy with optimism, XLM is looking more attractive than a beach in July. Even the experts are saying that the price action is turning heads and might just be on its way to a cozy $1.59. 📈
