Pump.fun is recruiting a New York legal affairs director with an annual salary ranging from $1 million to $5 million. The platform will be launched on the Solana blockchain in 2024, with a daily transaction volume exceeding $300 million, a profit of $500 million by 2025, and approximately 100 employees. Pump.fun will face a New York class action lawsuit starting from 2025, with investors accusing its operating model of resembling a Ponzi scheme. This recruitment information was posted by Pump.fun founder Alon on X, with over 1 million views. Bitcoin has fallen by about 50% since October. Pump.fun once suspended live streaming due to users promoting tokens with disturbing behavior in the live streaming function, but later resumed live streaming with stricter review rules. （Bitcoin.com News）

According to official data, the 24-hour transaction volume of Robinhood Chain on Uniswap reached $570 million, an increase of over 10 times compared to the previous day.

L1 blockchain N1 acquires decentralized trading platform 01. xyz, N1 obtains complete trading technology stack, 01 core team members join N1, 01 points are recognized on N1 platform, N1 2.0 upgrade will launch stock trading and other functions. Currently, trading activities have been migrated to N1, and 01 users can continue trading without additional migration.

Federal Reserve Chairman Kevin Walsh will testify before the Senate Banking Committee on July 15th regarding the semi annual monetary policy report. （Cointelegraph）

[TAC Responds to Price Plunge, States No Attack or Internal Sell-Off] TAC issued a statement clarifying that the protocol was not attacked, and neither the team nor early investors participated in sell-offs, as the related tokens are locked and subject to vesting periods. An internal review by TAC found no evidence of token over-issuance or malicious activity. The current downturn was triggered by large perpetual contract sell orders, which caused cascading liquidations in the perpetual contract market and transmitted selling pressure to the spot market. The TAC team is formulating measures to strengthen market structure and improve liquidity, with plans to be announced later this month. TAC Protocol (TAC) experienced an extreme market event early yesterday, plunging 90% within 15 minutes.