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Plume:- The tokenization of Real World Assets (RWAs) is a booming phenomenon in Web3. The industry is now witnessing new categories of assets being brought onchain – from startup equity deals to public equities themselves. As the RWA market and trading volumes continue to grow, Plume, backed by Galaxy Ventures, has launched an accelerator program
The post Galaxy-Backed Plume To Support RWA Startups, Launches $500K Accelerator appeared first on CoinGape.
Semler Scientific has filed with the U.S. Securities and Exchange Commission (SEC) to issue $500 million in securities. This move follows the company’s announcement of a $30 million settlement with the Department of Justice (DOJ). The funds raised are expected to be used for various corporate purposes, including acquiring more Bitcoin.
Semler Scientific has reached a tentative agreement with the DOJ, agreeing to pay $29.75 million to settle claims related to marketing its flagship product, QuantaFlo. The settlement addresses accusations of potential violations of federal anti-fraud laws.
While the DOJ’s investigation started in 2017, it was only in recent months that Semler entered discussions to resolve the matter. The company stated that it has complied with several subpoenas over the years, which led to the current settlement negotiations.
In its Tuesday filing with the U.S. Securities and Exchange Commission (SEC), Semler disclosed that the settlement agreement is not final yet. If the agreement is approved, the company plans to use a loan from Coinbase, secured by its Bitcoin holdings, to fund the $30 million payment. Semler’s current Bitcoin holdings amount to 3,192 BTC, valued at approximately $267 million today.
To finance the settlement, Semler Scientific has partnered with Coinbase, one of the largest cryptocurrency exchange.
According to the terms of the contract, the firm will receive a cash and digital asset loan from it, backed by its BTC balance.
The crypto-based loan from Coinbase will ensure Semler has adequate balance to facilitate settlement without straining its balance in other aspects of its operations.
Not limiting itself to the $30 million DOJ settlement, Semler Scientific has hinted at intent to purchase more Bitcoin. To issue new securities, the company has submitted an S-3 for registration with the SEC in an effort to offer $500 million in securities.
The funds raised from this selling will increase the company’s Bitcoin holdings, which it has outlined as a plan to diversify cryptocurrency.
Semler’s intentions of acquiring more Bitcoin come simultaneously with those of other firms, such as Michael Saylor’s Strategy, which also accumulates the cryptocurrency. Just recently, Strategy bought 3,459 bitcoins for $285.8 million, and thus, it is now holding 531,644 bitcoins.
Similarly, Metaplanet has bought $26.3m worth of Bitcoins, demonstrating that the firm remains bullish in this market volatility. These purchases come in light of a potential reversal in the Bitcoin price that some analysts, such as the Titan of Crypto, have estimated to hit $137,000.
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The post Pump.fun Token Crashes Below ICO Price After $600M Hype Bust appeared first on Coinpedia Fintech News
The Pump.fun token launched with a bang, raising over $600 million in minutes and jumping 20% following a $30 million buyback. But the hype didn’t last long.
Now, the token is trading 20% below its ICO price, with nearly 60% of early buyers already selling. This sharp decline comes despite listings on major exchanges like OKX, BitMEX, Kraken, and KuCoin.
Traders are losing confidence as the Pump.fun token still lacks utility, rewards, or an airdrop, leading many to call it all hype with no real value.
PUMP is now trading at approximately $0.00406, down 21% in just 24 hours, and officially below its initial ICO price. The steep drop comes even after the token raised a staggering $448.5 million from over 10,000 participants during its public sale. Despite boasting more than $1.1 billion in 24-hour trading volume, the market remains bearish as bulls failed to defend key support zones.
It’s been almost 1 week since the @pumpdotfun ICO
From 10,145 participants who contributed $448.5M:
59.6% sold or transferred
Our quant reveals traders are still BULLISH on $PUMP. Read on
https://t.co/mIH0MN8Tby pic.twitter.com/pFdAa2FXfH
— BitMEX (@BitMEX) July 17, 2025
BitMEX data reveals that nearly 60% of early investors have dumped their tokens, with only 3% increasing their positions. A failed $2.3 million buyback by Pump.fun further intensified bearish momentum. With previous resistance now forming around the $0.0052 mark, selling pressure continues to dominate the token’s price action.
Adding to concerns, open interest in PUMP perpetual contracts has dropped by over 16%, now standing at $629 million, according to Coinalyze. This suggests a waning of speculative interest and a fading of market enthusiasm, just days after its initial public offering. Meanwhile, competing platforms like LetsBONK.fun are drawing capital away, with Pump.fun’s on-chain revenue and launch volumes declining.
Prominent trader Crypto Bully believes more downside is likely unless a strong catalyst appears. Though oversold signals have emerged on Stochastic RSI, traders remain cautious. A chart shared by CryptoA4 on X hinted at a potential bottom, but conviction in that call is limited given the scale of recent outflows.
Another crypto analyst, Gem Hunter, called PUMP’s collapse predictable, citing key red flags: the founder called presales scams but raised $500M anyway, no airdrop was given despite extracting $1.5B from the community, and the token added no real value to Pump.fun. He noted the chart now mirrors a typical Pump.fun dump, with failed buybacks and relentless sell pressure, saying there’s no bottom in sight.
With a rise in bear sentiment, analysts warn that the token could slide further in the short term, highlighting the risks of post-ICO hype cycles in the current market.
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The post Pump.fun Token Crashes Below ICO Price After $600M Hype Bust appeared first on Coinpedia Fintech News
The Pump.fun token launched with a bang, raising over $600 million in minutes and jumping 20% following a $30 million buyback. But the hype didn’t last long. Now, the token is trading 20% below its ICO price, with nearly 60% of early buyers already selling. This sharp decline comes despite listings on major exchanges like …
Ripple is growing its presence in the Middle East. The company recently partnered up with two new partners in the UAE, Zand Bank and Mamo. This is just months after getting its license from the Dubai Financial Services Authority (DFSA) in March. These partnerships will help Ripple push to play a bigger role in the region’s cross-border payments space. Ripple Expands in UAE With New Local Partnerships Now that it holds a DFSA license, the company is focusing on this growth through Ripple Payments. This platform is designed to deliver quick, low-cost international transfers using blockchain. Zand Bank, which is a digital-first financial institution, will use Ripple’s technology to upgrade its payments system. The bank also plans to launch a stablecoin tied to the UAE dirham (AED) to embrace blockchain more deeply. UAE fintech startup Mamo is also tapping Ripple’s system to make cross-border payments faster and more dependable. “We… Read More at Coingape.com
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