7 月 9 日，据 Cointelegraph 报道，Bybit 平台信息显示，平台将于 2025 年 7 月 12 日 22:00 正式启动 pump.fun 原生代币 PUMP 公售，此次将发售 1500 亿枚代币，单价为 0.004 USDT，占总供应量（1 万亿枚）的 15%。即按 40 亿美元估值，融资 6 亿美元。

<div><p>7 月 9 日，据 Cointelegraph 报道，Bybit 平台信息显示，平台将于 2025 年 7 月 12 日 22:00 正式启动 pump.fun 原生代币 PUMP 公售，此次将发售 1500 亿枚代币，单价为 0.004 USDT，占总供应量（1 万亿枚）的 15%。即按 40 亿美元估值，融资 6 亿美元。</p></div>

pump.fun将于7月12日正式开启代币公售，40亿美元估值融资6亿美元

On July 9, according to Cointelegraph's report, Bybit platform information shows that the platform will officially launch the public sale of <pump.fun> native token PUMP on July 12, 2025, at 22:00. This time, 150 billion tokens will be sold at a price of 0.004 USDT, accounting for 15% of the total supply (1 trillion tokens). Based on a valuation of $40 billion, it will raise $600 million.

<div><p>On July 9, according to Cointelegraph, Bybit platform information shows that the platform will officially launch the public sale of pump.fun native token PUMP on July 12, 2025, at 22:00. This sale will offer 1.5 billion tokens at a price of 0.004 USDT, accounting for 15% of the total supply (1 trillion tokens). This is based on a valuation of $40 billion, raising $600 million.</p></div>

pump.fun The token public sale will be officially launched on July 12, with a valuation of $4 billion and $600 million in financing

Following the controversy surrounding Fundstrat's Bitcoin views, co-founder Tom Lee responded, stating that the "contradictory predictions" seen by outsiders were actually research conclusions from different positions and timelines, not internal disagreements. Previously, Sean Farrell, head of digital asset strategy at Fundstrat, suggested that Bitcoin might retrace to the $60,000-$65,000 range in the first half of 2026; while Tom Lee believed Bitcoin could reach new highs, even surging to $200,000 as early as the beginning of 2026. A Fundstrat...

Tom Lee responds to Fundstrat's "contradictory" views on Bitcoin: Different positions, different timelines, not internal disagreements.

Next Week's Key Preview

December 22nd

Aster: Phase 5 airdrop will begin on December 22nd and last for 6 weeks;

Espresso will open airdrop registration on December 22nd;

December 23rd

The U.S. Bureau of Economic Analysis will release third-quarter GDP data on December 23rd;

December 24th
U.S. and European stock markets will be closed for Christmas, and whether a "Christmas rally" will materialize remains uncertain;

The U.S. will release initial jobless claims for the week ending December 20th;...

Must-watch items next week: US Bureau of Economic Analysis to release Q3 GDP data; Aster launches fifth phase of airdrop (December 22-28).

Source: Galaxy Research
Translation: Jinse Finance
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakout after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged liquidations, and the actions of whale...