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Crypto Summary 12.07.20
➡️ Linea TGE Update:
Linea’s founder hints that details of the highly anticipated Token Generation Event (TGE) will be revealed later this month.
➡️ US Crypto Leadership:
🇺🇸 Bo Hines, US Director of Digital Assets, says next week will “solidify America’s position as the world’s crypto capital.”
➡️ Bullish Sentiment for Bitcoin:
78% of traders on Polymarket believe Bitcoin will hit $120,000 in July.
➡️ CZ vs. Bloomberg:
Binance founder CZ is threatening legal action against Bloomberg for defamation.
➡️ Long-Term Bitcoin Holders Hit Annual High:
The total BTC held by long-term holders has climbed to 248,000 BTC, a 71% increase since June 22 and the highest in a year. Analyst Axel Adler Jr. sees the first profit-taking zone near $130,900.
➡️ (#PUMP) Pre-Sale Launch:
The PUMP token pre-sale starts today at 2:00 PM UTC, offering 150 billion tokens at $0.004 each. Available on major exchanges, with immediate unlock and trading set to begin 48–72 hours after the sale ends. Not open to US or UK users.
• Whale Activity on Pump
Three whales deposited $7M USDC on HyperLiquid and opened long positions on PUMP, signaling strong confidence.
• Pump Auction Success:
Pump raised $550 million at public auction in just 12 minutes.
➡️ Bitcoin Recognized as Top Currency:
Bank of America research names Bitcoin the best-performing currency of the year.