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Today's Top Crypto Headlines:
Pump.fun Buys Kolscan | $1B Shorts Liquidated | Snoop’s NFTs Sell Out and more...
King Fatrick Gil Añasco
July 11, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Pump.fun Acquires Kolscan Platform: Pump.fun has acquired wallet-tracking platform Kolscan ahead of its $1B ICO, aiming to gamify and socialize onchain trading.
$1B in Shorts Liquidated: Over $1B in crypto shorts were wiped out as Bitcoin soared past $116K, triggering a massive short squeeze.
💡Feature of the Day - Snoop’s NFTs Sell Out: Snoop Dogg’s Telegram NFT drop sold nearly 1M tokens in 30 minutes, earning $12M. The TON-powered collectibles can be worn on Telegram profiles or exchanged for Stars.
All this and more in today’s headlines!
📰 News Highlights:
Pump.fun has acquired wallet-tracking platform Kolscan in its first-ever acquisition, just days before its $1 billion ICO.
we’re excited to announce that pump fun has acquired @kolscan
Kolscan is a wallet tracker that monitors the activities of top onchain traders. it provides realtime transactions, token PnL, and a leaderboard ranking their performance
our integration will not only enable better
— pump.fun (@pumpdotfun)
8:00 PM • Jul 10, 2025
Kolscan provides real-time insights on top crypto traders, including transaction tracking and a leaderboard ranking performance.
one of our core beliefs is that onchain trading is a social sport
you do it with your friends and compare yourself to the best
more importantly, the success of the projects you invest in are often determined by the kinds of people that are involved, when they got in, how much
— alon (@a1lon9)
8:01 PM • Jul 10, 2025
Pump.fun co-founder Alon Cohen said the move aims to transform onchain trading into a gamified, social experience, as the platform looks to reclaim market share lost to rival LetsBonk.
the moment you’ve all been waiting for
$PUMP is launching through an Initial Coin Offering on Saturday, July 12th.
airdrop coming soon.
our plan is to Kill Facebook, TikTok, and Twitch. On Solana.
learn more about $PUMP and how to get involved 👇
— pump.fun (@pumpdotfun)
2:01 PM • Jul 9, 2025
🎁Freebie:
Download your free ebook now and take the first step toward mastering CRYPTO IN UNDER 60 MINS!
More than $1 billion in short positions were liquidated as Bitcoin soared past $116,000, triggering one of the largest short squeezes in recent history.
🚨 MASSIVE Short squeeze on $BTC & $ETH.
Well over $2B of Shorts squeezed on Bitcoin.
Close to $1B of Shorts squeezed on Ethereum.— Daan Crypto Trades (@DaanCrypto)
9:28 PM • Jul 10, 2025
CoinGlass reports 232,149 traders were affected, including $570M in BTC shorts and $206M in ETH shorts.
$833m in shorts liquidated in the past 24 hours
Bears in disbelief
— Miles Deutscher (@milesdeutscher)
9:34 PM • Jul 10, 2025
The broader crypto market cap surged 4.4% to $3.63 trillion, reflecting renewed bullish momentum.
This is the biggest day for liquidations in years.
Lots of emails are being sent.
— Velo (@velo_xyz)
9:49 PM • Jul 10, 2025
Analysts had been divided earlier in the week, with some doubting BTC’s ability to break previous highs.
But a wave of aggressive buying sent bears scrambling.
💡 Feature of the Day:
Snoop Dogg’s Telegram-based NFT collection sold out nearly 1 million tokens in just 30 minutes, earning $12 million and reviving hopes for a renewed NFT wave.
🎤 @SnoopDogg’s digital collectibles drop on Telegram sold out in just 30 minutes today, generating $12M in sales. Nearly 1M unique NFTs inspired by Snoop’s iconic style. Blockchain minting and the secondary market go live in 21 days. It’s going to be wild.
— Pavel Durov (@durov)
10:40 PM • Jul 9, 2025
The TON-powered gifts include digital collectibles styled after Snoop’s persona and can be worn on Telegram profiles or exchanged for in-app currency Stars.
TON’s NFT lead called it a potential start of a new NFT narrative.
Damn! Snoop Dogg is launching gifts on Telegram!
Looks like something big and legendary is brewing.
Don’t forget to check out Snoop Dogg’s music video and get 10,000 points — t.me/mint?startapp=…
Hope I manage to buy a few gifts :)
What do you think about Snoop Dogg’s
— Mr. Satoshik (@MrSatoshik)
7:00 PM • Jul 9, 2025
Snoop has a long track record in NFTs, dating back to The Sandbox and his Passport Series. Secondary trading for the collection opens in three weeks.
Snoop Dogg just dropped 996,000 of his own NFT Telegram Gifts and sold out in 37 Minutes! 🤯
The 12,000 Supply gift sold out in 1 Minute 47 Seconds! The 24,000 Supply gift sold out in 1 Minute 52 Seconds!
What do you think this means for the NFT Market? 🧵
— Zenith 🩶 (@ZenithTON)
9:35 PM • Jul 9, 2025
😂 Crypto Meme of the Day:
Meme of the day provided by @InfinityLife
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com