13 Jul 2025 | 02:15:12 AM IST
Cryptocurrency News & Live Updates
Synopsis
Pump.fun, a platform for creating custom memecoins, raised an astonishing $600 million in just 12 minutes during its public token sale, bringing its total funding to $1.32 billion.
In a remarkable week for the crypto market, Pump.fun, a Solana-based memecoin platform, achieved a record $600 million in funding within 12 minutes, highlighting the ongoing appetite for speculative tokens. Meanwhile, CoinDCX's CEO refuted claims from WazirX regarding the movement of user funds to non-compliant entities in Lithuania, asserting that all user assets are securely held in India. Venture capital continues to flow into the crypto sector, with H100 Group leading a $54 million investment round, while Agora Finance secured $50 million to enhance stablecoin infrastructure. Stellar's XLM token has seen a significant price surge, attributed to increased futures open interest and a rise in active addresses. Additionally, Kyber Network Crystal experienced a staggering 95.3% price increase, driven by the launch of its crosschain platform. As the market stabilizes, traders are advised to approach these high-flying tokens with caution, as many are influenced by social media hype rather than fundamental developments.
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Pump.fun Memecoin Platform Raises $600 Million in Minutes
Pump.fun, a platform for creating custom memecoins, raised an astonishing $600 million in just 12 minutes during its public token sale, bringing its total funding to $1.32 billion.
CoinDCX Refutes WazirX's Fund Transfer Claims
CoinDCX's CEO, Sumit Gupta, denied allegations of transferring user funds to non-compliant entities in Lithuania, asserting that all user funds are securely held by a compliant Indian entity.
H100 Group and Agora Finance Secure Major VC Funding
During the week of July 6–12, crypto venture capital funding reached $165.1 million across 10 projects, with H100 Group leading at $54 million and Agora Finance raising $50 million.
Stellar's XLM Price Soars Significantly
Stellar Lumens (XLM) surged over 72% this week, reaching $0.4045, driven by increased futures open interest and a rise in stablecoin supply within its ecosystem.
Kyber Network Crystal soars 90%, XRP stabilizes
XRP stabilizes around $2.70 while Kyber Network Crystal (KNC) surges 95.3% following the launch of its crosschain platform, highlighting a trend of smaller altcoins gaining traction in a sideways market.
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