Cryptonews

“The great majority of tokens launched on PumpFun and LetsBonk are today run by bots,” Coinbase head of product Conor Grogan posted to X on Monday.

Just last week, in what must have felt like buying bread with the last kopek before winter, Strategy acquired 4,980 additional BTC at the modest price of $531 million. That marks their twelfth consecutive week of buying—a streak longer than most Russian marriages. Now, every consultant and would-be crypto czar awaits, like nervous lovers before the first snowfall, to see if CEO Michael Saylor will push the red button for week thirteen, or merely polish it and stare moodily into the abyss.

The asset hit a seven-day high of $110,307, but it’s since cooled down, with current trading levels around $108,311, representing a slight 0.3% drop over the last 24 hours.

According to our resident expert, Alice Crypto (@Allice_Crypto), WIF has finally crawled out of its long-lasting, gloomy descending wedge. Oh, how sweet it is! This breakout took place around the $0.82-$0.84 range, which had been the sad little support zone for weeks. But fear not, for this level has now been converted into a strong base. It’s like taking a dusty old rug and giving it a good shake—boom!—foundation for a price rally.

But, alas, my ardor is not without reason. According to the sage minds at Blockworks, Solana has generated a staggering $271 million in Q2 2025 network revenue, its third consecutive quarter leading all chains. And, if that were not enough, Artemis data reveals that Solana had as many monthly active addresses in June 2025 as all other L1 and L2 chains combined. Ah, the sheer magnificence of it all! 🤩

This development seems to be a step backward from China’s plans to introduce a yuan-backed stablecoin, a notion that had previously been met with great fanfare. Alas, it appears that the hype surrounding stablecoins has not necessarily translated to legitimacy.

This testimony is happening at what journalists love to call a “crucial time” for crypto, meaning things are on fire but we’re pretending it’s fine. Why? Lawmakers and agencies won’t settle on the rules—so the industry’s stuck in a regulatory escape room where the only clue is “LOL, good luck.” Companies are peacing out of the U.S. like tourists who just realized their AirBnB is actually a tent. Garlinghouse, meanwhile, keeps trying to tell the SEC that their “enforcement-based approach” is about as useful as a screen door on a submarine. 🚪🌊

But wait, it’s not all bad. They say a collaboration is in the early stages. Early stages, my foot. We’ll see about that.

The company’s total hashrate under management rose to 36.2 exahashes per second (EH/s), up 6.2% month over month. This includes 3.8 EH/s from BitFuFu’s own operations and 32.4 EH/s from third-party suppliers and hosting clients. Power capacity under management climbed 11.8% to 728 megawatts (MW), reaching its highest level yet. 💡

Sixteen years of Bitcoin and still, taxpayers and their well-groomed CPAs cling to the fiction that “all is fog and mist.” How deliciously quaint! Meanwhile, the IRS has emerged from the shadows, paperwork in one hand and the other extended expectantly. The cat-and-mouse game is finished. The auditor now owns the cheese shop.