SoSo Daily Jul 13 | pump.fun: Token distribution within the next 48-72 hours

Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 15 sectors, 2 are up and 14 are down. Today, there are no sector with a price change exceeding 2%.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:pump.fun officially announced that in the next 48-72 hours, all tokens purchased through the official website or participating CEXs will be transferred to participants. During the distribution phase, tokens will initially be non-tradable and non-transferable. Once the distribution phase is complete, the tokens will become tradable and transferable, and an announcement will be made upon completion. [Foresight News]
Next news:

On July 13, French President Macron stated that France shares the same position as the President of the European Commission and "strongly" opposes the United States' announcement of a comprehensive 30% tariff on goods exported from the EU, effective August 1. This statement was released after the European Commission had engaged in intensive negotiations with the United States over the past few weeks, during which it put forward solid proposals in good faith.

Based on European solidarity, the European Commission needs to firmly defend the EU's interests. This especially means that if an agreement cannot be reached before August 1, it is necessary to accelerate the preparation of credible countermeasures and mobilize all available means, including the Anti-Coercion Instrument.

On this basis, France will fully support the European Commission's position in the negotiations. Negotiations will be further intensified in order to reach a mutually acceptable agreement before August 1, reflecting the mutual respect that the EU and the United States should have as trading partners, and safeguarding their common interests and close value chains.

[BlockBeats]
Next news:On July 12, on-chain analyst Onchain Lens (@OnchainLens) monitored that a whale deposited 8,000,000 USDC into HyperLiquid and shorted PUMP with 2x leverage. [Deep Tide TechFlow]
Next news:On July 12, according to the X page, trader James Wynn (@JamesWynnReal) has deactivated his X account. [Deep Tide TechFlow]
Next news:On July 12, according to Arkham monitoring, 189 addresses injected $1.000 million (public sale cap) into the public sale on the PUMP chain. [TechFlow]
Next news:

On July 12th, "Fed mouthpiece" Nick Timiraos published an article stating that the Fed is not expected to cut interest rates at its meeting later this month, but Powell has hinted that interest rate cuts may occur later this year if inflation performs well or the labor market weakens.

Trump wants to reduce the debt servicing costs of the federal deficit, while his tax cuts may expand the federal deficit. However, outside of extreme situations such as war, central banks in developed economies will resist this pressure. They believe that stabilizing inflation is crucial to maintaining people's confidence in their national currency. [BlockBeats]

Next news:On July 12, according to on-chain analysis platform Lookonchain (@lookonchain), TRUMP whale "ff.sol" created a new wallet and invested 1,000,000 USDC to participate in the PUMP token presale. This whale once bought 5,970,000 TRUMP tokens at $0.2, costing approximately $1.19 million. At its peak, these TRUMP tokens were worth as much as $438.00 million. [Deep Tide TechFlow]
Next news:On July 13 (UTC+8), according to @adam_tehc's Dune dashboard data, LetsBONK's revenue in the past 24 hours reached $987,000.0, while pump.fun's revenue was $519,400.00. On the other hand, the number of LetsBONK graduated tokens was 158, leading pump.fun's 63. In terms of the number of trading addresses, pump.fun exceeded 120,000, leading LetsBONK's 60,595. (Source: Bitpush) [MetaEra]
Next news:On July 12, according to Jinshi Data, the White House is putting pressure on Powell regarding the renovation of the Federal Reserve building headquarters. An article by "Federal Reserve mouthpiece" Nick Timiraos pointed out that Federal Reserve researchers said that the latest developments are, at best, a transparent attempt to open up a new pressure front against the Federal Reserve, and at worst, a dangerous step to create a legal basis for Powell's removal. "We are at a critical moment in the history of the Federal Reserve," said Peter Conti-Brown, a University of Pennsylvania scholar who studies the Federal Reserve. "It seems clear to me that the Trump administration is now using various mechanisms to fabricate an after-the-fact explanation for Powell's removal." Investors are taking note of this because firing the Federal Reserve Chairman for political reasons would break decades of established norms that underpin global confidence in the dollar. "If President Trump and his allies launch this attack on the Federal Reserve, they will bring serious instability to almost every aspect of the global economy," Conti-Brown said. [Deep Tide TechFlow]
Next news:On July 12, crypto KOL Miles Deutscher commented on the $500 million sell-off of PUMP in 12 minutes, saying that it shows that there is still a lot of liquid capital willing to participate when the right opportunity arises. Altcoins are not "dead," they just need the right narrative. [BlockBeats]

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.