Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Pump.fun ICO raises $500 million, BlockFi’s bankruptcy administrator and the DOJ have settled a $35 million crypto asset transfer lawsuit, and US-based spot Bitcoin ETFs posted another inflow day above $1 billion on Friday.
Pump.fun, a memecoin launch platform, raised $500 million in an initial coin offering (ICO) on Saturday, with an 18% allocation for institutional investors, and 15% set aside for retail traders.
The PUMP token sold out in a matter of 12 minutes, according to Pump.fun, drawing praise from investors, venture capitalists, and industry professionals for showcasing the power of internet capital markets to raise large sums in a short period of time.
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