Bitcoin all-time high, Pump.fun, Trump, Tron

Crypto.news’ latest weekly recap presents a digest of the cryptocurrency sector’s biggest stories. Last week, Bitcoin shattered records with a new all-time high, while Pump.fun lit up the charts with a $600 million token sale that sold out in minutes.

Meanwhile, Tether continued its blockchain cleanup, GMX’s hacker had a change of heart, and Coinbase made an AI-powered move.

From NFT sellouts to regulatory shakeups and billion-dollar wallet shifts, here’s everything you need to know to stay ahead in crypto.

Bitcoin reaches new all-time high

• Bitcoin (BTC) achieved a record price of $118,856 on July 11, 2025, and kept going.
• At last check Sunday, the coin surged past $119,000.
• This upcoming week, Congress is preparing a legislative triple-header, which could either add fresh fuel to the rally or cause turbulence.

Pump.fun completes $600 million token sale

• The Solana (SOL)-based meme coin launcher raised approximately $600 million from retail investors in just 12 minutes.
• The sale was held across multiple exchanges like Bybit, Kraken, and KuCoin.
• The meme coin launcher also announced its first acquisition, purchasing Kolscan, a wallet tracker.

Trump jumps to Tron

• The TRUMP memecoin heads to Tron amid a steep price drop from $74 to $8.59, aligning itself with controversial crypto figure Justin Sun, who holds a significant stake (and plans to buy more) of the token.
• Concerns over insider control are growing as CIC Digital, a Trump-affiliated entity, holds 80% of the token supply, raising questions about decentralization and potential market manipulation.
• Geopolitical and offshore influence loom large, with blockchain analysis revealing most top TRUMP holders are based outside the U.S., fueling skepticism around the token’s actual value and intent.

Tether discontinues blockchain support

• The stablecoin issuer declared on Friday that, as of Sept. 1, it will no longer support USDT on five blockchains.
• This comes after Tether decided in June to stop minting on EOS (now Vaulta) and Algorand (ALGO).

GMX attacker begins returning stolen funds

• The individual who drained over $40 million from GMX’s V1 contracts earlier this week has started returning funds.
• The first indication came Friday through an on-chain message stating “ok, funds will be returned later.”

Coinbase partners with Perplexity AI for market data

• The cryptocurrency exchange has teamed with AI search engine startup Perplexity AI to provide traders with easier access to real-time crypto market information.
• CEO Brian Armstrong announced the partnership Wednesday on X. He also emphasized faster and better-informed trading decisions through integrated exchange data in Perplexity’s AI tools.

Snoop Dogg NFT release sells out on Telegram

• The hip-hop legend’s latest NFT collection sold out within 30 minutes, garnering praise from Pavel Durov, the founder of Telegram.

Emirates explores cryptocurrency payments

• Emirates Airline, based in Dubai, announced plans to accept cryptocurrency payments through a draft deal with Crypto.com.

BNY Mellon becomes RLUSD custodian

• Bank of New York Mellon will serve as primary custodian for Ripple Labs’ RLUSD stablecoin, safeguarding the backing funds.

New Zealand bans cryptocurrency ATMs

• The nation declared that, as part of its attempts to improve anti-money laundering and counter-terrorist funding policies, digital currency ATMs will be prohibited.
• With the ban, New Zealand joins the group of nations implementing stringent regulations on crypto infrastructure.

Metaplanet expands Bitcoin holdings and strategy

• The Japan-based company acquired an additional 2,205 Bitcoin, bringing total holdings to 15,555 BTC according to Monday’s disclosure.
• CEO Simon Gerovich indicated the company is considering “phase two” of its Bitcoin treasury strategy in a Financial Times interview.

Arkham explains Satoshi-era wallet movements

• According to analytics firm Arkham, the migration of more than $8 billion worth of Bitcoin from inactive Satoshi-era wallets last week was driven by wallet security updates.
• Eight wallets, each containing 10,000 BTC, have been transferred to contemporary bc1q-style addresses since 2011, according to on-chain data.