Researchers foil $10M DeFi backdoor in thousands of smart contracts

Pump.fun, a platform known for its memecoin creation tools, just snapped up Kolscan—a wallet-tracking service—marking its first-ever acquisition. The move comes as Pump.fun gears up for a massive $1 billion initial coin offering (ICO), with hints that it’s looking to blend trading with gamification.

Editor’s Note: This isn’t just another crypto merger—it’s a sign Pump.fun is serious about expanding beyond memecoins. By absorbing Kolscan, they’re likely beefing up their analytics and user engagement tools, possibly to make trading feel more like a game (think rewards, leaderboards, or interactive features). For crypto watchers, it’s a peek into how platforms are trying to stand out in a crowded market, especially with that eye-popping ICO on the horizon. If they pull it off, it could shake up how retail investors interact with crypto projects.

The upcoming public sale of Pump.fun’s token is already stirring up action in crypto markets, with big players (aka "whales") placing bets against the token even as its pre-market price climbs. These investors are using decentralized platforms like Hyperliquid and Binance to hedge their positions, likely bracing for wild swings when the token officially launches on July 12.

Editor’s Note: This isn’t just another token launch—it’s a peek into how savvy traders navigate risky, hype-driven markets. Whales shorting Pump.fun suggests they’re either skeptical of its staying power or just playing volatility for quick gains. For smaller investors, it’s a heads-up: buckle up for a bumpy ride when the ICO hits.

Crypto debit and credit cards are no longer a niche product—they're hitting the mainstream, with the market expected to explode to $152 billion by 2031. These cards, which let users spend crypto like traditional currency, are gaining traction as more financial institutions and fintech companies jump on board.

Editor’s Note: This isn’t just about convenience; it’s a sign that crypto is inching closer to everyday use. If projections hold, we’re looking at a future where digital currencies aren’t just for trading but for buying groceries, paying bills, and everything in between. For skeptics, it’s a reality check—crypto’s sticking around, and the financial world is adapting fast.

Ethereum’s price just surged past $2,800 and is flirting with the $3,000 mark, signaling a strong bullish trend. It’s holding steady above key support levels, and technical charts show a promising upward trajectory—hinting that $3K might be the next stop if the momentum holds.

Editor’s Note: For crypto investors, this isn’t just another price bump—it’s a potential confirmation that Ethereum’s rally has legs. If ETH breaks $3,000, it could fuel even more optimism in the market, drawing in traders and maybe even shaking up the broader altcoin scene. Keep an eye on those support levels, though; they’ll tell us if this rally’s built to last.

Bhutan’s government just shifted over $23 million worth of Bitcoin to Binance, sparking rumors that the Himalayan kingdom might be cashing in while prices are high. Blockchain sleuths spotted the move early Thursday, but it’s unclear whether this is a strategic sell-off or just routine portfolio management. Either way, it’s got crypto watchers buzzing.

Editor’s Note: Tiny, tech-savvy Bhutan has been quietly dabbling in Bitcoin for years—part of its broader push to modernize its economy. This move could signal confidence in the current market or just prudent financial housekeeping. But for a country better known for its Gross National Happiness index than crypto trades, it’s a fascinating glimpse into how even traditional governments are navigating the volatile world of digital assets.