Pump.fun transferred 64,700 SOL tokens to Kraken.

[Three Pump.fun-related wallets transfer 1.458 billion PUMP to Coinbase Prime] Three Pump.fun team or early investor wallets transferred 1.458 billion PUMP, worth approximately $5.01 million, to Coinbase Prime this month. These three wallets were allocated a total of 70 billion PUMP, which began unlocking in July. Last month, these same three wallets also unlocked and transferred approximately 1.458 billion PUMP, then worth approximately $7.58 million.

Pump.fun transferred 64,700 SOL tokens (approximately $5.19 million) to Kraken at approximately 4:30 AM UTC this morning. Pump.fun has sold approximately 5.692 million SOL tokens since the beginning of 2024, generating transaction fees worth approximately $898 million, with an average price of approximately $157.8.

[US Commodity Futures Trading Commission Sues Louisiana, Challenging Prediction Market Ban] The US Commodity Futures Trading Commission (CFTC) has sued the state of Louisiana, seeking to block the state's ban on exchanges and other institutions regulated by the CFTC offering event trading contracts. The CFTC claims that a Louisiana court issued an order halting the operations of more than 30 companies in the state involved in derivatives trading regulated by the CFTC without providing the defendants with notice or an opportunity to present their case. The agency stated that Louisiana is the 12th state it has sued to defend its exclusive jurisdiction over the derivatives market.

After completing a 1,700-page investigation into insider trading, the U.S. House Oversight Committee recommended banning government officials from placing bets on prediction markets such as Polymarket and Kalshi.

The cryptocurrency fear and greed index fell to 13 today, compared with 20 yesterday.