In today’s crypto news, memecoin launch platform Pump.fun raised $500 million in an ICO, with tokens selling out in just 12 minutes. The platform’s CEO lauded the successful fundraising as a sign of revitalized capital formation strategies, reminiscent of the ICO boom in 2018. Additionally, the US Department of Justice and BlockFi's bankruptcy administrator settled a $35 million lawsuit concerning crypto asset transfers, which arose from alleged fraud involving two Estonian citizens. The settlement was approved by the US Bankruptcy Court. Furthermore, US-based spot Bitcoin ETFs achieved a milestone with back-to-back inflows exceeding $1 billion, a first since their launch in January 2024. This follows a trend of significant investment inflows into Bitcoin-related ETFs, indicating growing institutional interest in the crypto space.

Source 🔗