Odaily Planet Daily News Law firms Burwick Law and Wolf Popper have expanded the scope of the lawsuit against Pump.fun, naming the Solana Foundation, Solana Labs, Jito and its executives as defendants, including Solana co-founders Anatoly Yakovenko and Raj Gokal, Solana Foundation Executive Director Dan Albert, Chairman Lily Liu and former Communications Director Austin Federa. According to the latest revised complaint, the two law firms cited the Racketeer Influenced and Corrupt Organizations Act (RICO) to accuse the relevant personnel, claiming that Solana Labs and Jito Labs were deliberate participants in token design, fee mechanisms, infrastructure maintenance and validator coordination, and were suspected of jointly planning and profiting from it. The lawsuit also accuses Pump.fun of violating multiple U.S. financial crime prevention regulations, failing to implement anti-money laundering measures, assisting in the creation and promotion of illegal tokens, and infringing trademark rights. The complaint alleges that Pump.fun made approximately $723 million through its “illegal gambling business,” while Jito Labs was accused of manipulating transactions and tilting the distribution of profits toward the briber. (The Block)

Odaily Planet Daily News: FTX announced that the record date for the next round of debt distribution is August 15, 2025, and it is expected to start on September 30, applicable to approved Class 5 customer claims, Class 6 general unsecured claims, and previously unallocated convenience claims. At the same time, FTX has obtained court approval to reduce the disputed claims reserve from US$6.5 billion to US$4.3 billion, releasing approximately US$1.9 billion in cash for this round of distribution. (prnewswire)

Odaily Planet Daily News: Bo Hines, executive director of Trump's Digital Asset Advisory Committee, said on the X platform that the President's Digital Asset Task Force has completed a 180-day report, the White House's first encryption policy report, which will be publicly released on July 30.

Odaily Planet Daily News LetsBONK announced that it will use 1% of its total revenue to repurchase the top tokens in the BONK ecosystem. The relevant funds come from the team marketing fund, and the repurchase operation will be carried out on a weekly basis. Data shows that LetsBONK has generated about $1.5 million in handling fees in the past 24 hours, and will provide $15,000 for this round of repurchases in proportion. Recently, LetsBONK has surpassed its competitor Pump.fun in daily trading volume and the number of tokens issued. Dune data shows that the total market value of tokens issued on its platform has exceeded $1 billion. Among them, Useless Coin is the largest token, followed by ANI, which represents the Grok AI companion token launched by xAI. (The Block)

According to BlockBeats, the Ninth Circuit Court of Appeals has delivered a mixed verdict in the ongoing legal battle between Yuga Labs, the issuer of Bored Ape NFTs, and artist Ryder Ripps. The case revolves around Ripps' sale of NFT replicas as "expressive appropriation art." The court determined that NFTs qualify as "goods" eligible for trademark protection, dismissing many of Ripps' legal arguments. However, it overturned a previous $8 million judgment against Ripps and remanded the case to a lower court. The lower court is tasked with re-evaluating whether the RR/BAYC NFTs caused consumer confusion. The dispute began in June 2022 when Yuga Labs accused Ripps of devaluing its brand by releasing the RR/BAYC NFT series. While the court rejected Ripps' defenses based on "expressive art" and First Amendment protections, it acknowledged the need for further evidence to assess the potential for consumer confusion.

But with low-cap tokens known for both outsized gains and brutal losses, investors are asking: is now the right time […] The post Is It Time to Bet on Smaller Altcoins? appeared first on Coindoo. source: https://coindoo.com/is-it-time-to-bet-on-smaller-altcoins/

The House is considering a proposal that would require the Department of Veterans Affairs to examine how distributed ledger technology, such as blockchain, can enhance the agency’s claims systems. The “Veterans Affairs Distributed Ledger Innovation Act of 2025” (H. R. 3455), introduced May 15 by Rep source: https://cryptoslate.com/legislation-on-a-blockchain-pilot-for-veteran-affairs-claims-awaits-house-floor-vote/

CoinShares awarded MiCA license by AMF, leading in EU crypto management. source: https://coincu.com/350433-coinshares-mica-license-eu-services

According to BlockBeats, U.S. Treasury Secretary Besent has indicated that a new nominee for the Federal Reserve Chair may be announced in December or January of next year.

Golden Finance launches the 2764th issue of "Golden Morning 8" - a morning report on the cryptocurrency and blockchain industry, providing you with the latest and fastest news on the digital currency and blockchain industry.

The FTX Recovery Trust has set Aug. 15 as the record date for its next distribution to creditors, with payments expected to begin around Sept. 30, according to a statement released on July 23 source: https://cryptoslate.com/ftx-creditors-to-receive-next-round-of-payouts-by-sept-30/

Back to the first principles of the market, if altcoins want to rise, they need capital to flow in. If there is to be an altcoin season, it means that capital must flow into all the current altcoins in a large amount for it to be called a season.

Bitcoin may not be a bubble, but it is not invulnerable either - this is the most valuable lesson of history.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

The Hong Kong Digital Asset Development Policy Declaration 2.0 (hereinafter referred to as the Policy Declaration 2.0) is a policy document issued by the Hong Kong Special Administrative Region Government on June 26, 2025, which aims to build Hong Kong into a digital asset development platform.

Satoshi Nakamoto, BTC, quantum computing, will Satoshi Nakamoto's 1.09 million bitcoins become the price of faith? Golden Finance, in the face of quantum threats, should we deal with Satoshi Nakamoto's bitcoins?

ETH, altcoin, surged 60% in January. Where is the soaring Ethereum heading? Golden Finance, when will the altcoin season come?

Recommended readings tonight: 1. Trump and Bessant join forces to “create the market”. BTC 250,000 and ETH 10,000 by the end of the year is not a dream? 2. From getting rid of trouble to rebirth, understand the future of Polymarket; 3. Pantera: Tokenized chain migration;

From getting rid of regulatory dilemmas to re-planning the future, every step of Polymarket is full of unknown challenges. At the same time, Polymarket also provides an example of how encryption technology can be used to solve social problems, inspiring the industry to try in more areas.

It’s not just ETH that may bring about a cryptocurrency alt season, even the Russell 2000 may reflect a U.S. stock alt season.