Quantum Computing Might Threaten Bitcoin, But It's a Boost for Newly Launched Quip Network

Bitcoin recently reached a record high of $118,800, with a Bitwise analyst predicting further gains due to low open interest, implied volatility, and liquidity in the market. Traders are optimistic, with bets on Bitcoin hitting $140,000 by September.

SharpLink Gaming's stock surged above $20 per share after the firm acquired $30 million worth of ETH from the Ethereum Foundation. The move coincided with Ethereum's rise above $3,000, marking a 17% gain in five months.

Dogecoin (DOGE) surged 12% in the last 24 hours, leading the meme coin market as traders anticipate Pump.fun's ICO for its PUMP token. Meme coins, including Pepe and Mog Coin, have seen significant gains, outperforming major cryptocurrencies like Bitcoin and Ethereum.

Florida Attorney General James Uthmeier has evidence suggesting that Robinhood Crypto falsely advertised as the cheapest platform for buying crypto. The investigation focuses on Robinhood's payment for order flow (PFOF) model, which critics argue may lead to conflicts of interest.

Pump.fun's ICO for the Solana token PUMP is set to launch on July 12, with 150 billion tokens available for purchase at $0.004 each. Predictors anticipate a quick sellout, potentially within the first hour, leading to tradability by July 14.

Bitcoin set a new price record this week, reaching $118,667, with analysts predicting a further increase to break the $120,000 barrier. Investors are optimistic, pouring over $868 million into bullish trades for September. The industry sees positive signals, with institutions and venture capital firms heavily investing in crypto.

Pump.fun acquired Kolscan, leading to significant profits for traders who were apparently clued in and bought the token before the public announcement. The meme coin market value has dropped by 50% since December's peak.

Coinbase has acquired Opyn's CEO and Head of Research in an acqui-hire deal, aiming to leverage their expertise in DeFi and onchain markets. The move aligns with Coinbase's strategy to focus on building the connective tissue of finance on immutable public ledgers.

Roman Storm, a creator of Tornado Cash, is set to go on trial in New York on July 14. His message to supporters expressed the weight of the situation and the collective impact on the cryptocurrency community.

On Thursday, U.S. spot Bitcoin exchange-traded funds attracted over $1.17 billion, the second-highest inflow ever, driven by institutional investment. BlackRock's IBIT led with $448.5 million, followed by Fidelity's FBTC at $324.3 million and ARK's ARKB at $268.7 million.