KNC Surges Past $0.5, Up 69% in 24 Hours

On July 12th, the Digital Asset Policy Advisor at the White House, Bo Hine, stated in a post on the X Platform that an important week is about to arrive. From July 14th to July 20th will be the "Crypto Week" of the House of Representatives. The GENIUS Act will be submitted to the desk of President Trump of the United States, and the CLARITY Act will be sent to the Senate. The "Crypto Week" will strengthen the United States' role as the global hub for cryptocurrency.

On July 12th, according to Hyperliquid Market, the pre-surge price of PUMP rose to $0.0059, and it increased by 8.27% in the past hour. Moreover, on Binance, PUMP was pre-quoted at $0.005547.

On July 12th, as monitored by Onchain Lens, a new address deposited 4 million USDC into Hyperliquid and went 1x short on PUMP.

July 11th. Lately, various digital currencies and concepts represented by "stablecoins" have drawn the attention of the market. Some illegal institutions and individuals, under the guise of "financial innovation," "blockchain technology," "digital economy," "digital assets," etc., take advantage of the public's limited understanding of new financial concepts. They issue or hype so-called "virtual currency," "digital assets," "stablecoin investment projects," promise high returns, and induce the public to invest funds for trading and speculation. This kind of activity has significant characteristics of illegal fundraising: 1. Lack of Qualifications: These institutions or individuals have not been approved or filed with the financial management department of the State Council in accordance with the law and do not have the legal qualifications to accept public deposits, sell financial products, or issue securities. 2. Conceptual Packaging: They use emerging and complex concepts such as

July 12th: The Norwegian industrial investment company Aker ASA announced that it is aiming to achieve a capital allocation balance by means of BTC. Currently, it holds 754 BTC, which is approximately worth $82 million and accounts for 1.7% of the company's market value. The company stated that Bitcoin, as a hedge against inflation and currency volatility, can assist in supporting its diversification and value creation strategy in industrial assets, and it will pursue sustainable investments in the future. (Cointelegraph)

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