🔥 Pump Fun burns 36% of supply

Top Stories

BTC $77,576 (1.8%) | ETH $2,331 (2.5%) | SOL $85 (1.8%)

• Pump Fun burns $370M worth of PUMP purchases and lays out plan to use 50% of revenue to buy and burn the token — PUMP gains 7% on the day

• The S&P falls 0.5% as equities pull back and oil climbs back over $100

• The UAE announces it will be leaving OPEC

• MegaETH releases “Terminal” leaderboard ahead of TGE tomorrow

• Average US gas price rises to 2022 highs of $4.18

• HOOD falls 7% post market after Robinhood misses earnings and reports a 47% crypto revenue collapse

• Polymarket seeks help from CFTC to bring operations to US

• Bitcoin ETFs break 9 day inflow streak with $263M of daily net outflows

• There is a time crunch to get the CLARITY Act across the line before the Senate’s August recess

• Coinbase is launching spot trading on VIRTUALS today

• Strategy opens vote to change STRC dividend payments to semi-monthly

• Anthropic flips OpenAI’s valuation as OpenAI misses user acquisition targets