Crypto News Live: Bitcoin, Ethereum & Major Altcoin Updates

Omni Network (OMNI) surged 90% in 24 hours, jumping from $2.50 to a high of $7.13 before settling around $5.37. The spike follows the token’s listing on South Korea’s top exchange, Upbit.

Pump.fun’s daily revenue dipped under $300K for the first time since September 2024, marking a 92% drop since January. Its market share in Solana meme coin launchpads has plunged from 88% to just 12% amid rising competition.

Ethereum Layer-2 network Linea, developed by ConsenSys, will allocate 20% of its transaction fees to burning ETH. The burn mechanism is part of its tokenomics strategy revealed ahead of its upcoming token launch later this year.

CEA Industries and 10X Capital, backed by YZi Labs, will raise $500 million to create the largest publicly listed BNB treasury in the U.S. The initiative will focus on BNB Chain investments, led by Galaxy Digital co-founder David Namdar.

Bitmain plans to open its first U.S.-based Bitcoin mining chip factory by early 2026. The company is also eyeing a new headquarters in either Texas or Florida by the end of this year.

RAKBANK has launched crypto trading for retail users via its mobile app, becoming the UAE’s first traditional bank to do so. Powered by Bitpanda and regulated by VARA, the service enables buying, selling, and swapping crypto directly in dirhams.

FARTCOIN tumbled 17% in 24 hours after a top whale sold 3 million tokens. The sell-off comes amid broader meme coin weakness and also from recent criticism by Solana’s co-founder.

Ethereum-based treasury protocol ETH Strategy has secured 12,342 ETH (~$46.5 million) in pre-launch funding. The platform aims to offer leveraged ETH exposure, with its STRAT token set to debut on July 29.

SHIB faces nearly $52 million in potential liquidations, with short positions piling up amid a 6% price dip. Unless SHIB rebounds soon, traders betting against it could trigger further downside pressure.

CryptoPunks' floor price has jumped above $200,000, sparking attention as lending platform Gondi faces backlash for allegedly enabling inflated bids through private loans tied to PUNKS tokens.

PayPal now enables U.S. merchants to accept over 100 cryptocurrencies, including BTC, ETH, and SOL. The system auto-converts payments to PYUSD or fiat and supports wallets like MetaMask and Coinbase, with a low 0.99% fee.

EIGEN, EigenCloud’s native token, is under pressure as a $1.6 million unlock looms. Trading at $1.34, the token is testing crucial support levels amid growing market uncertainty.

Cathie Wood’s ARK Invest has purchased over $20 million in BitMine shares across three ETFs, boosting its stake in the top Ether-holding firm. The move comes as ARK trims positions in Coinbase, Block, and Robinhood amid a crypto portfolio reshuffle.

OKX has become the first global exchange to offer regulated crypto derivatives to retail investors in the UAE under VARA’s pilot program. Users can now access futures, perpetuals, and options with up to 5x leverage, paired with safety tools and education for responsible trading.

Venture capitalist Tim Draper has raised $200 million for a new fund targeting early-stage Web3 and DeFi projects. The fund aims to accelerate innovation in decentralized technologies and support the next wave of crypto entrepreneurs.

XRP slid 4.8% to $3.13 as traders took profits amid uncertainty over upcoming Fed policy moves. Despite the drop, it remains the third-largest crypto and is still up 57% year-to-date.

Mill City Ventures III and CEA Industries have unveiled a joint $1 billion crypto treasury strategy, targeting investments in BNB and Sui. The move signals growing corporate confidence in blockchain-based asset management.

President Trump now champions Bitcoin as a driver of U.S. innovation, citing personal investments and Trump Media’s $2 billion BTC holdings. He aims to solidify America’s dominance in the global crypto arena.