Glassnode: Bitcoin RHODL Ratio Indicates Market Structure is Shifting, Signaling Cycle Transition and Speculative Fervor Cooling Off

On July 9th, as per an official announcement, Gate, a prominent global cryptocurrency exchange, declared its backing for the popular project Pump.Fun (token symbol: PUMP) within the Solana ecosystem to launch a public sale event. It is anticipated to sell 15% of the total token supply, with a targeted fundraising scale of $6 billion and a project valuation of $40 billion. This PUMP sale adopts a public and fair launch model. Users are able to subscribe to the token on the Gate platform at a price of 0.004 USDT per token. The subscription period is from July 12, 2025, at 22:00 to July 15 at 22:00 (UTC+8), on a first-come, first-served basis. Users can participate by using USDT, with a single subscription range of 5 to 100,000 USDT. Gate highlights that this subscription event was independently initiated by the Pump.Fun team, and Gate Labs did not participate in the project investment. The platform merely provides technical and operational support. Users are reminded to comprehensively

July 9th. According to official channels, Binance has made a decision to postpone the originally scheduled spot trading of Lagrange (LA) on July 9, 2025, at 23:00 (GMT+8) to July 10, 2025, at 00:00 (GMT+8).

On July 9th, GMX informed the hacker on-chain that it had fallen victim to the GMXVl vulnerability. It showed its willingness to provide a 10% white hat bounty and stated that if the remaining 90% of the funds were returned within 48 hours, it would promise not to take any further legal actions.

July 9th. As one of the initial launch platforms for the pump.fun feature token PUMP, MEXC Launchpad initiated the registration for subscriptions at 22:00 (UTC+8) on July 9th and launched the first day of subscription on July 12th. New users are able to participate in the subscription with a 40% discount. As a prominent cryptocurrency launch platform, the token sale of pump.fun has attracted significant attention from the crypto community. By leveraging low entry barriers and a fair distribution mechanism, MEXC is offering global investors an early opportunity to get involved in this high-quality project. For more detailed information, please visit the MEXC official platform.

On July 9th, pump.fun officially launched the PUMP tokenomics. The maximum supply of tokens is 1 trillion, which includes: 33% will be sold through Initial Coin Offering (ICO); 24% is reserved for community and ecosystem initiatives; 20% is allocated to the project team; 2.4% is for the ecosystem fund; 2% is allocated to the foundation; 13% is allocated to existing investors; 3% is for live broadcasting incentives; and 2.6% is for liquidity and trading platforms.

On July 9th, US President Trump claimed that the Fed's interest rate is at least 3 percentage points higher than it should be. "Mr. Too Late" (referring to Powell) is costing the US $360 billion annually in refinancing costs. Currently, there is no inflation. Companies are flocking to the US. Lower the rates! (FX168)