USDC Treasury Burns 56.67 Million USDC on Ethereum Chain, Signals Major Supply Shift

On July 13, WhaleAlert reported a significant transaction involving the USDC Treasury, which executed a burn of 56,673,853 USDC tokens on the Ethereum blockchain. This move reflects a strategic reduction

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James Wynn's X account deactivated after 9-digit losses

Crypto trader James Wynn disappeared from social media after suffering losses in the nine figures. For now, it looks like the high-risk trader finally crashed out, as his personal X account has been deactivated. Searching for Wynn’s old username, “JamesWynnReal,” on X now returns an error message that says, “This account doesn’t exist.” Right before he deactivated his account, Wynn changed his profile description to “broke.” Wynn’s old X username returns an account error. Source: X Blockchain trackers Hypurrscan and Arkham Intelligence report that the combined funds in his wallets now stand at only $10,157.46. James Wynn( @JamesWynnReal ) has deactivated his X account! What happened? Did he blow up completely? All his wallets and Hyperliquid balance combined are down to just $10,176. https://t.co/FX6sISVWOh https://t.co/snkLcUUgXb pic.twitter.com/bkkxOpo7hZ — Lookonchain (@lookonchain) July 12, 2025 The trader was known for placing high-leverage bets that often ran opposite to the broader market. Due to this, Wynn received a lot of attention and scrutiny from fellow traders. His strategy relied on making high-leverage bets on Hyperliquid while enjoying the benefits of the resulting social media engagement. More often than not, the trader watched the market react opposite to his bet. Wynn lost hundreds of millions betting on BTC futures During May, Wynn’s position in BTC stood to lose roughly $100 million when Bitcoin’s price slipped below $105k. That triggered liquidations of 949 BTC, effectively erasing his long-BTC holdings. In a post he later removed, Wynn said, “I do not follow proper risk management, nor do I claim to be a professional; if anything, I claim to be lucky. I’m effectively gambling, and I stand to lose everything. I strongly advise people against what I’m doing.” Instead of slowing down, Wynn once again opened a $100 million bet days later. Wynn claimed that market makers were intentionally targeting his positions to force a liquidation. Seeking relief, he asked the community for help. Up to 24 unique wallet addresses sent donation funds to his account. Shortly after receiving those donations, Wynn sold 240 BTC to push down his liquidation price on his remaining positions. Still, the trader couldn’t save his position and ultimately lost over 99 percent of the second $100 million position. $198.68 million got liquidated from the broader crypto market in 24 hours Meanwhile, the broader crypto futures market saw massive liquidations over the last 24 hours. Liquidation data from CoinGlass at press time shows a total of $198.68 million wiped out in perpetual futures. Long positions accounted for $132.75 million of that total, while shorts made up $65.93 million. Ethereum traders felt the pinch as well, with $30.84 million in positions closed out. Of that, $21.14 million were longs and $9.26 million were shorts. XRP followed, tallying $16.89 million in liquidations, $13.27 million on the long side, and $3.62 million short. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

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Bitcoin Adoption by Public Companies May Increase by 25% by 2025 Amid Mixed Market Outlook

The corporate Bitcoin adoption landscape is rapidly evolving, with a notable surge in public companies integrating Bitcoin into their balance sheets, driven largely by emerging and struggling firms. Blockware Intelligence

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Bitcoin ETFs Log Another $1 Billion Day as Institutional Momentum Breaks Records

Bitcoin exchange-traded funds (ETFs) posted another billion-dollar inflow on Friday, their second in a row, pushing total net assets to a new record. Ether ETFs kept pace with a $204.82 million haul, marking yet another strong green session. Bitcoin ETFs Surge to $150 Billion AUM After $1 Billion Inflow The wave keeps growing, and the

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Bitcoin headed for 36 more public companies by year-end: Blockware

The corporate Bitcoin adoption race is “mostly being spearheaded by brand new companies or dying companies you’ve never heard of,” says Blockware.

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1inch rallies 85% in July, but should you prepare for a pullback now?

The mean coin age had been in a steady uptrend from February to June, but cratered over the past two weeks.

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Pump.fun Concludes $500M ICO in 12 Minutes — But Something Doesn’t Add Up

The Solana-based meme coin launchpad, Pump.fun, has concluded the initial coin offering (ICO) for its native cryptocurrency, PUMP. Although the platform completed the public sale in 12 minutes, there are some controversies surrounding it. Data from the Pump.fun token website shows that the launchpad raised $500 million during the sale. The platform sold 12.5% of the PUMP total supply for $0.0040 each in a public offering. Speculation Around Pump.fun ICO When announcing the ICO on July 9, Pump.fun said its native token will have a maximum supply of one trillion. 33% of the supply was to be sold at the ICO, 24% reserved for community and ecosystem initiatives, and 20% to the project’s team. The project allocated 13% to existing investors, and the rest in smaller percentages to the ecosystem fund, exchange liquidity, and live streaming. Out of the 33% allocated to the ICO, Pump.fun decided to keep 18% for a private sale to institutional buyers. The remaining 15%, accounting for 150 billion PUMP, will be offloaded in a public sale. However, data on the project’s website shows the team eventually offloaded only 12.5% of the supply in the public sale. At the time of writing, the firm has not published any update regarding the changes; hence, the community is speculating what could have happened to the remaining 2.5%. Tokens to be Tradeable in 72 Hours While the crypto community continues speculating, Pump.fun confirmed it has allocated the tokens kept for the private sale to their buyers. Users who participated in the public sale will receive their assets within the next 48-72 hours. However, they will not be tradable or transferable till the distribution phase is over. All ICO participants will be able to sell or transfer their PUMP allocations on the first day they become tradable. “We’d like to thank everyone who participated in the sale, whether on pump fun or on one of the participating exchanges, and we look forward to the very bright future of pump fun and the wider Solana ecosystem,” the platform stated . It is worth mentioning that Pump.fun faced a few challenges in the days leading up to the ICO. On July 8, the crypto exchange Gate.io abruptly removed its pre-market listing for PUMP and returned funds to all presale participants. The exchange eventually revealed that its decision stemmed from a discussion it had with the Pump.fun team. Notwithstanding the incident, PUMP ICO participants bought tokens worth $5 million on the exchange. The post Pump.fun Concludes $500M ICO in 12 Minutes — But Something Doesn’t Add Up appeared first on CryptoPotato .

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Davis Commodities Considers Allocating 5-10% to Solana for Strategic Reserve

Davis Commodities, a publicly traded entity, is actively assessing the creation of a strategic reserve in Solana (SOL), signaling increased institutional interest in the cryptocurrency sector. The firm is contemplating

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Analyst Says XRP Double Bottom Breakout Is Coming

XRP has formed a textbook double bottom reversal pattern on the 3-day chart, with price action now breaking above a significant resistance level. The pattern was shared on X by Steph Is Crypto (@Steph_iscrypto), a well-respected analyst in the XRP community, and it illustrates a shift in momentum following months of consolidation and a prolonged downtrend. The first bottom in this structure formed in mid-April 2025 when XRP dropped to approximately $1.65. After rebounding and failing to breach resistance around $2.6, the price retraced, reaching a second bottom near $1.9 in early June. This double dip established a firm support level and laid the groundwork for the current reversal setup. #XRP DOUBLE BOTTOM BREAKOUT! pic.twitter.com/DJ3sflq4RT — STEPH IS CRYPTO (@Steph_iscrypto) July 11, 2025 Following the second bottom, XRP began a strong ascent through late June and early July, eventually testing the neckline resistance at roughly $2.6. As shown in the chart, the most recent candle has now closed above this level, indicating a potential breakout . The move above this critical zone marks the first clear break of the neckline since the pattern began forming in March and may signal the beginning of a larger upward trend. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Structure and Targets The double bottom structure shared by Steph is well-defined. The asset tested a narrow support zone twice with minimal deviation, while the neckline at $2.6 remained a consistent ceiling throughout April to early July. With the breakout above that level now in place, the technical projection for this pattern points toward upside targets in the $3.4–$4 range, potentially hitting a new all-time high . These targets are derived by measuring the vertical distance from the base ($1.75) to the neckline ($2.6) and applying it above the breakout level. This method aligns with standard technical practice and is often used to estimate the potential scale of a reversal. Significance of the 3-Day Breakout The use of the 3-day timeframe adds to the significance of the pattern. Breakouts on higher timeframes are generally seen as more reliable than those on shorter intervals, as they reflect broader market positioning and reduced noise. In this case, the close above $2.6 suggests the potential for sustained bullish momentum, provided the level holds on a retest. A prominent analyst recently predicted that rising above $2.6 would send XRP to $3 . The asset is currently trading at $2.79, well above this resistance, and on its way to much higher levels. If XRP remains above this former resistance, the double bottom can be considered confirmed. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Says XRP Double Bottom Breakout Is Coming appeared first on Times Tabloid .

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Ethereum Staking Nears 30% as Exchange Supply Drops, Supporting Potential Price Rally Above $2,600

Ethereum staking surges to 29.5%, drastically reducing exchange supply and propelling ETH past the $2,600 mark with strong momentum. The shrinking ETH float combined with heightened staking activity signals a

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