bitcoinist.com

Brazil and Indonesia conduct meetings with their local stakeholders, adding themselves to the growing list of countries looking to build their own national Bitcoin ($BTC) reserves.

Others include:

• The United States had around 200,000 Bitcoins in March 2025
• Kazakhstan is currently looking to invest in Bitcoin ETFs and blockchain companies
• Bhutan still held on to $1.4B Bitcoin in reserves as of July 2025

Crypto adoption at the highest levels of power, and globally speaking, means the industry is bigger than ever before. More institutional and retail investors are seeing the appeal.

And they’re coming for Bitcoin and altcoins alike. Michaël van de Poppe said August is typically a period of accumulation and dip-buying.

And that’s where projects like Bitcoin Hyper ($HYPER) come into play. An innovative Layer-2 for Bitcoin, the presale has already raised over $7.2M and whales are rushing to buy.

Brazil, Indonesia Conduct Stakeholder Meetings on Bitcoin

Bitcoin Indonesia, Asia’s largest Bitcoin community, revealed via a post on X yesterday that it met with Indonesia’s Vice-President to discuss the country’s potential Bitcoin strategy.

During the meeting, community leaders proposed Bitcoin mining as a national reserve strategy. They shared Michael Saylor’s $BTC price prediction for 2045 ($17.6M by 2045), which will coincide with Indonesia’s 100th year of independence.

According to Bitcoin Indonesia’s post, the Vice-President was bullish on the ideas they presented. Even during global volatility, Bitcoin can be a save haven of long-term financial stability, they argued.

Let’s also not forget that many US investors and institutions are starting to use Bitcoin as a hedge against the impending inflation in the country.

While this is still early stage planning from Indonesia, we’re seeing this trend continue grow as more countries explore this strategy.

That includes Brazil, which will meet with citizens on August 20 to discuss the establishment of a national strategic Bitcoin reserve.

It’s the first-ever crypto public hearing in the country after the introduction of a bill in November 2024. The bill called for the diversification of Brazil’s assets to include Bitcoin and other cryptocurrencies.

Several key figures will attend the meeting, including Diego Kolling, CEO of Bitcoin Strategy at Méliuz, and Rudens Sardenberg, Chief Economist at the Brazilian Federation of Banks.

This shows crypto is receiving attention from the highest levels of authority in Brazil. And this can only increase hopes for crypto-positive legislation in Brazil in the near future.

With so many countries gunning for Bitcoin and crypto, we foresee a bigger influx of investors looking for investment opportunities.

Bitcoin Hyper ($HYPER) is one project that might ride the hype wave due to its unique utility promises. Let’s discuss it below.

Bitcoin Hyper: Delivering the Next Phase of the Bitcoin Ecosystem

While there’s no toppling Bitcoin’s status as the number one cryptocurrency, the blockchain is currently plagued with issues that hinder its growth.

These include slow transaction speeds (7 transactions per second), high fees, and limited scalability. These are understandable, though, since $BTC is the first of its kind, but it’s also true that a lot has changed in the crypto landscape since its launch in 2009.

And modern times require modern solutions, as they way. The Bitcoin blockchain is arguably behind the times, especially given its lack of support for dApps and smart contracts.

This is where Bitcoin Hyper ($HYPER) comes in.

It’s a project aiming to develop a Bitcoin Layer 2 that will add Solana-level speeds, low transaction fees, and expanded capabilities to the Bitcoin ecosystem.

Some of these include support for GameFi, marketplaces, DAOs, and even NFT infrastructures (aside from dApps and smart contracts).

The project has gained a lot of traction since its token presale began in May, and has already raised over $7.2M, making it one of the best presales of 2025.

To support Bitcoin Hyper, you can buy its native $HYPER tokens via its official website. Each one only costs $0.01255, which makes this one of the best low cap coins in August.

Alternatively, you can stake your tokens for 148% APY. When combined with our Bitcoin Hyper price prediction at $0.32 (+2,450%) for the end of 2025, the profit potential is quite high.

For more information on how you can buy and/or stake your $HYPER tokens, be sure to read our Bitcoin Hyper buying guide.

National Bitcoin Reserve: Coming Soon To a Country Near You?

With Brazil and Indonesia beginning to explore national Bitcoin reserves, it’s safe to say that this trend will spread like wildfire in the coming years.

Thanks to the US government spearheading this initiative, there’s even more pressure for other countries to adapt or risk getting left behind.

Bullish news about Bitcoin’s future is naturally beneficial to Bitcoin Hyper ($HYPER) and other related projects too. That’s because they’ll help pave the way for the world’s most valuable crypto to become more important than ever before.

Remember to do your own research before you invest. This is not investment advice.

Shiba Inu has kicked off a formal, multi-stage voting process to select the project’s first interim “network president” and seat councils for each DAO, a governance overhaul framed by the team as “the true birth of a network state.” In an August 4 post titled ELECTIONS, the project’s lead figure Shytoshi Kusama wrote that “a new lead visionary and councils for each dao will need to be chosen,” calling the moment “the true birth of a network state.”

Shiba Inu To Elect New Leader

Kusama simultaneously reiterated the long-stated goal of removing single-party control over the ecosystem, writing on X that “Shib has always been designed for full decentralization… It’s time to launch a vital aspect to achieve this goal: ELECTIONS.” The message referenced the community entering its fifth “Shib Year.”

Shiba Inu Core developer Kaal Dhairya amplified the decentralization rationale on August 5, arguing that the project’s strength lies in the interplay of its tokens and systems. “Shib was never meant to be controlled or tamed by one individual—it’s the essence of decentralization,” he wrote, calling elections “the first step toward embracing this decentralized vision.”

According to the ELECTIONS blueprint, the interim presidency will be chosen before “Shibizenship” begins and later subjected to ratification no later than four months after Shibizenship is in place, in line with the so-called Hounds Constitution.

The voting architecture is three-phased: an open nomination round that advances the top ten to a live or recorded debate stage; a follow-up ballot a week later to determine the final three; and a concluding vote one week after debates. “The final vote will be final,” the post states.

Candidates must create public profiles, and while anyone can self-nominate, the foundation reserves a veto right; the winner must complete KYC with the foundation and sign an NDA “as you would expect in any state.”

Kusama proposes a token-weighted mechanism across the ecosystem, writing that “1 token = 1 vote” for “any and all of the ecosystem tokens,” a design explicitly intended to align outcomes with holders who “have the most skin” in the project’s success. While emphasizing openness, the document asks the community to “rigorously vet, check and learn about all candidates.”

The role described for the interim president is sweeping. The office holder would coordinate the transfer of power, steward the “Shib Paper” vision, and stand up the first congress—“consisting of the four Dao councils,” the inter-branch DAO envisaged in prior materials. The post underscores the stakes by putting a number on what’s being overseen, citing responsibility to a community of millions and “the financial responsibility of a 7 billion dollar token.”

Governance plumbing also gets a notable tweak. The document proposes shifting the Economic Council under the Shib DAO rather than Treat, freeing Treat “to focus on innovation.” The council would shape how Shib “makes and retains revenue or a treasury system (outside the other daos),” described as “vitally important to the long term success of the project.”

In parallel with the procedural outline, Dhairya’s message sought to keep the Shiba Inu community unified around the broader ecosystem rather than splintering initiatives, inviting exploration of new ideas under the Shib umbrella. “Elections are the first step,” he wrote, urging contributors to “think differently and collaboratively.”

The team says logistical specifics—dates and precise timings for nominations, debates and balloting—will follow, and stresses that its own role shifts with this handover. “Upon the release of this document, our role will shift,” the post notes, adding that the group will continue building alongside Treat DAO and external initiatives aligned with its vision.

At press time, the Shiba Inu token traded near $0.00001209.

The US GENIUS Act helped drive the overall transaction volume of stablecoins in July, according to a report by Sentora Research.

The surge in onchain activity pushed stablecoin transactions to $1.5T, which marked a new all-time high for the sector. The total transaction volume went up 19% compared to the previous month.

The new legislation provides greater clarity on stablecoins and other digital assets, thus easing institutional and retail fears about the sector and boosting adoption.

We can also expect some of the new retail attention to expand to other altcoins on Ethereum.

Read on for the full context and the best crypto to buy amid the stablecoin and altcoin boom.

Stablecoin Volume Hits New ATH at $1.5T

Sentora Research revealed in its latest report that the transaction volume of stablecoins broke the $1.5T mark in July.

This surpasses the previous ATH of $1.4T set in August last year, and marks a considerable rebound from the $1.26T recorded in June, 2025.

Circle’s $USDC stablecoin led the market in July with over $748B, which accounts for nearly 50% of the total volume during the period.

Meanwhile, Tether’s $USDT came in second with $420B, or 28% of the volume.

The surge in stablecoin activity can be attributed to the signing of the GENIUS Act into law on July 18. This provided the regulatory framework for stablecoins, which boosted their stability and trust among consumers.

But it isn’t just the stablecoin sector that will benefit from added clarity on digital assets. This impacts the crypto market at large as investor confidence grows and crypto onboards more users.

As capital rotations could shift from stablecoins to assets with an upside, other top trending cryptocurrencies and even emerging altcoins could get more attention from retail investors.

In fact, some emerging altcoins are already booming in pre-market, having raised millions from early adopters. Here are some of the freshest examples.

1. Snorter Token ($SNORT) – Trading Bot Project Helping You Flip Crypto the Easy Way

Snorter Token ($SNORT) is currently beta-testing a Telegram trading bot that helps users sniff, snipe, and lock in profits with automated commands.

Think about it: the crypto market is vast and confusing. Finding new opportunities is notoriously difficult. You also need to do ample research just to avoid getting scammed by the hundreds of rigged tokens coming out every day.

The user-friendly Snorter Bot, which will be compatible with the Ethereum, Solana, and Base networks, could take care of it all.

It automatically detects and grabs the top new performers, helping you get ahead of other bots and whales. For peace of mind, Snorter Bot also detects and blocks scams like honeypots and rug-pulls.

When the project goes live, its native $SNORT token will ensure exclusive holder access and voting rights within the ecosystem.

$SNORT is currently on presale for only $0.1003. It also offers dynamic staking rewards, currently at 155% APY, for those who want to multiply their tokens passively.

The Snorter fundraiser has already stacked an impressive $2.8M from early buyers, and the price is going to go up again today.

If the trading bot sees the expected traction upon release, the $SNORT token could reach $0.94 in late 2025.

Visit the official Snorter Token website for more information.

2. Best Wallet Token ($BEST) – Utility Token Behind the Most User-Friendly Crypto Wallet

Best Wallet Token ($BEST) is the native token of an emerging digital crypto wallet. Currently on presale, the token is a fundraising project for the development of Best Wallet.

Whether you want to hold Bitcoin, altcoins, stablecoins, or meme coins, you need a secure place to store them. This is where Best Wallet comes in.

It’s a crypto wallet for your iOS and Android device that makes it convenient to store, sell, swap, and trade cryptocurrencies, even as a complete beginner.

It also comes with a ‘Token Launchpad,’ where you can find other crypto presales before they hit exchanges.

When out and tradable, the $BEST token will give holders exclusive benefits within the wallet ecosystem:

• Reduced transaction fees,
• Voting rights on key project decisions,
• Staking benefits in the upcoming staking aggregator.

Priced at $0.025445 and already sitting on $14.5M raised on presale, the $BEST token is one of the early opportunities with a functional project already live.

To learn more about $BEST’s growth potential, we suggest reading our Best Wallet Token price prediction.

Or visit the Best Wallet Token presale page for more details.

3. Bitcoin Penguins ($BPENGU) – Viral Meme Coin with the Fastest-Growing Flash Presale

Bitcoin Penguins ($BPENGU) brings something different. It’s not a flashy tech project like $SNORT or $BEST – just a purely meme-based project, inspired by the famous Pudgy Penguins NFT collection.

Its main goal is community building, with a target of 10M holders and over $10B in fully diluted market volume by Q4, 2025.

Right now, the $BPENGU token is undergoing a flash presale, having already raised over $2M in just 8 days.

The ICO runs from July 28 to August 27, with the first listing scheduled 72 hours after the presale ends.

There are also 15 price milestones, with the token’s price increasing by 5% on each stage. $BPENGU is currently priced at $0.00128.

Taking a page from Pudgy Penguin’s success, Bitcoin Penguins also has a roadmap that includes toy manufacturer partnerships.

This is planned in Q4 2025, after $BPENGU hopefully reaches its price target of $2 and announces its BTC/BPENGU trading pair.

The Age of Stablecoins is Here

With the stablecoin market volume hitting a new ATH in July, it’s safe to say that things will only go up from here.

Thanks to the GENIUS Act, investors and consumers now have more confidence to hold and trade stablecoins.

This can also have a positive impact on the altcoin market as a whole, including some of the emerging utility projects on Ethereum, such as Best Wallet Token ($BEST) and Snorter Token ($SNORT).

Disclaimer: This is not investment advice. Do your research before you invest in crypto. The market offers no guarantees.

The XRP price continues to see wild fluctuations after a market retrace. The recovery above $3 remains wobbly, especially as it seems that the sellers are yet to completely run out of steam. As a result, there have been some adjustments in the XRP price predictions and suggestions on how high the price can go from here. However, one crypto analyst has remained steadfast in their forecast, predicting that XRP is still on track to hit the $5 target.

XRP Still Shooting For $5 Target Despite Crash

Amid the market decline, the More Crypto Online analyst has reiterated their prediction for the XRP price. This comes at a time when morale seems to be low and investors are wary of placing their bets in the market. However, the crypto analyst has explained that the bullish impulse is still intact for XRP.

It follows the yellow wave retracement, which is wave 4 of the current impulse. This is explained to be the 50% retracement, and this has put support somewhere just above the $2.6 target. With the altcoin now completely what is seemingly the third wave after finding support, it is possible that there is a recovery to the upside.

Currently, bulls look to be holding their own quite well, suggesting that the recent decline was only corrective. According to the crypto analyst, as long as the decline remains as a corrective wave, then there is nothing to be worried about. Otherwise, it could mean the start of a deeper crash.

The completion of the fourth wave suggests that the fifth wave may begin soon. Using the Elliot Wave Theory, the fifth wave is always the most bullish and tends to surpass the highs of the previous bullish waves 1 and 3. This is where the real action begins.

With support mounting at $2.6, this could be the takeoff point for the last leg of the rally, which would ultimately signal the end of the bull market. The XRP price is expected to almost double, putting the highest point of this wave theory at the $5 level. “As long as pullbacks remain corrective and hold above the weekend low, the yellow scenario remains on track,” the analyst said.

However, there is also the possibility that the bullishness could be invalidated from here. This would happen if the bulls are unable to hold the support at $2.6. A break below this level would open the floodgates for an at least 10% crash, with the analyst placing the XRP price as low as $2.21 as a result.

On-chain analytics firm Glassnode has revealed the Tron (TRX) cohort that has been responsible for the latest profit-taking event on the network.

Tron Has Just Seen Its Largest Profit-Taking Wave In Months

In a new thread on X, Glassnode has discussed about the profit-taking spree that has just occurred on the Tron network. Over the last 24 hours, the Realized Profit has hit $1.4 billion, which is the second largest amount for 2025 so far.

 

The “Realized Profit” here naturally refers to an on-chain indicator that measures the total amount of gain that TRX investors are realizing through their transactions.

It works by going through the transfer history of each coin being sold to check what price it was moved at prior to this. If this previous value was less than the latest spot price for any token, then that particular token’s sale is leading to a profit realization equal to the difference between the two prices.

The Realized Profit sums up this profit involved in all transfers occurring on the blockchain during a given day. An indicator known as the Realized Loss keeps track of the sales of the opposite type. From the above table, it’s visible that this metric’s value has remained low for TRX, suggesting no capitulation has accompanied the profit-taking.

While the latest spike in the Realized Profit is massive, it hasn’t come in isolation. As the below chart shows, the metric’s value has been elevated for Tron in the past few days.

Since Saturday, the network has been seeing nearly $1 billion in profit-taking every day. “This marks the most sustained wave of realized profit for TRON in months,” notes the analytics firm.

Now, the main question is, who are the investors responsible for this profit realization wave? The below chart answers the question, breaking down the Realized Profit for the various holder groups.

The cohorts displayed here have been divided based on coin age. For example, investors who have been holding since between 1 week and 1 month ago are put in the 1w-1m band.

It would appear that the 3y-5y band, corresponding to addresses holding since at least three years and at most five years ago, have made up for the majority of the recent Realized Profit spike.

“This suggests participants from the 2020–2021 cycle are exiting into strength – a notable shift in behavior that could influence short-term market dynamics,” says Glassnode.

TRX Price

While most of the cryptocurrency sector has taken a hit during the past week, Tron is relatively unscathed as its price is still trading around $0.33.

US Securities and Exchange Commission (SEC) Commissioner Hester Peirce has called for the protection of crypto privacy rights and open-source development ahead of the crucial verdict of the Tornado Cash co-founder’s trial.

In Defense Of Crypto Privacy, Developers

On Monday, SEC Commissioner Hester Peirce defended the crypto privacy sector, affirming that US authorities should welcome privacy-protecting technologies and safeguard individuals’ right to self-custody their digital assets.

At the Science of Blockchain Conference, the crypto-friendly commissioner stated that lawmakers and regulators must take concrete steps to protect individuals’ ability to transact privately and develop privacy software without fear of prosecution.

Peirce highlighted that a recent President’s Working Group recommended that American citizens and businesses should be able to own digital assets and use blockchain technologies for lawful purposes.

It also suggested that entrepreneurs and software developers should have the liberty and regulatory certainty to “upgrade all sectors of our economy using these technologies.”

Although a centralized intermediary or even a DAO deploying a DeFi application could build in restrictions on its use, an immutable, open-source protocol is available for anyone’s use in perpetuity, so requiring that it comply with financial surveillance measures is fruitless.

She noted that open-source privacy software developers shouldn’t be responsible for the actions of third parties using their software, citing SEC Chair Paul Atkins’ recent call for a regulatory path for developers to “unleash on-chain software systems that do not require operation by any central intermediary.”

In the Monday speech, Peirce also argued that regulators shouldn’t ask businesses to collect and report information on each other, as “doing so would deputize us to surveil our neighbors—a practice antithetical to a free society. Nor should we require an intermediary to step in the middle of peer-to-peer transactions.”

Notably, the US Department of the Treasury and the Internal Revenue Service (IRS) formally scrapped a controversial crypto rule in July that would have mandated decentralized exchanges to comply with broker reporting obligations.

The rule, originally proposed in November 2021 through the Infrastructure Investment and Jobs Act, aimed to close the “tax gap” by broadening the definition of “brokers” to include crypto exchanges and other intermediaries, while requiring DeFi platforms to report proceeds from digital asset transactions and detail user transaction information, including names and addresses.

Tornado Cash Verdict To Set Key Precedent

Commissioner Peirce’s remarks come ahead of the verdict of the Tornado Cash co-founder’s trial, which could set a negative precedent for open-source developers.

Many industry leaders have argued that trying to hold software developers criminally liable for how third parties use their code will set a terrible precedent and freeze technological innovation in the US.

For context, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned crypto mixer Tornado Cash in August 2022 for “failing to impose effective controls” to prevent malicious actors from laundering funds through the protocol, including $455 million by North Korea’s Lazarus Group.

Following the sanctions, the protocol’s co-founder, Roman Storm, was detained in Washington in 2023 and charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business.

Storm pleaded not guilty to all charges and was freed on a $2 million bond to await his three-week trial, which started on July 14. If convicted, he could face up to 45 years in prison.

US President Donald Trump is moving ahead with a plan to target banks that cut off customers over politics or crypto. His team is expected to issue an executive order within days.

According to a report from The Independent, the order will push regulators to dig into possible breaches of the Equal Credit Opportunity Act, antitrust rules, and consumer protection laws. It could hit banks with hefty fines, consent decrees, or other penalties.

Background Of Banking And Crypto Clash

Industry voices say crypto firms have long felt frozen out by big banks. They point to “Operation Chokepoint 2.0” under the Biden years, which they claim led to sudden account closures without clear reasons.

BREAKING: Trump to prepare executive order that punishes banks that discriminate against conservatives, according to Wall Street Journal report.

— The Spectator Index (@spectatorindex) August 5, 2025

In 2023, Coinbase CEO Brian Armstrong said JPMorgan Chase warned it would shut accounts tied to main crypto income. In November the following year, Elon Musk said as many as 30 tech entrepreneurs lost bank access under that policy.

Banks have since pushed back. They say decisions were about anti-money laundering rules. They add that managing reputational risk lets them guard against fraud and legal trouble.

Trump To End Banks’ ‘Reputational Risk’ Shield

According to The Wall Street Journal, the order will tell federal bank overseers to look for violations of key laws. The Equal Credit Opportunity Act bans discrimination in lending.

Antitrust laws keep competition fair. Consumer protection statutes shield against unfair practices. If banks are found at fault, they face monetary penalties or binding consent orders.

The move aims to stop banks from using compliance as an excuse for political bias. It could also strip away so-called reputational risk guidelines that critics blame for “debanking.”

Penalties And Enforcement

Based on a report by Reuters, the order could be in force as early as this week. It will empower regulators to impose fines or other disciplinary steps. It also asks the Small Business Administration to review banks that guarantee SBA loans.

That means any lenders accused of cutting ties with certain customers may face fresh scrutiny. Calls for comment to the White House went unanswered, according to Reuters.

The Politics Of Banking Cuts

Trump has been outspoken about big banks. In January, he accused the CEOs of JPMorgan Chase and Bank of America of turning away conservative clients.

The banks denied the claims. At the same time, Republican politicians and state officials have slammed “woke capitalism,” saying banks are cutting off gun makers, fossil fuel firms, and others that lean right. Those voices helped shape the executive order’s focus.

Featured image from Andrew Harnik/Getty Images., chart from TradingView

Galaxy Digital, a leading digital assets and AI infrastructure firm, today released its Q2 2025 financial results, reporting a notable increase in Bitcoin (BTC) holdings by 4,272 BTC. At the same time, the company has scaled back its exposure to other cryptocurrencies, including Ethereum (ETH), signaling a shift in portfolio allocation strategy.

Galaxy Digital Increases Bitcoin Holdings, Cuts Back On Ethereum 

According to the Q2 2025 report, Galaxy Digital posted a net income of $30.7 million for the quarter, reflecting strong financial performance across its core business segments. A key milestone during the quarter was the company’s official listing on Nasdaq under the ticker GLXY, which took place on March 16. 

Galaxy’s net digital asset holdings now stand at approximately $1.2 billion at current market prices – a 40% increase compared to Q1 2025. The jump in portfolio value was largely driven by the sharp rise in Bitcoin’s price over the past three months.

To recap, BTC was trading near $70,500 on March 31. By June 30, it had surged to $108,700, marking a gain of more than 50% in just one quarter.

The table below shows that as of June 30, the firm held 17,102 BTC, up from 12,830 BTC at the end of Q1. However, this accumulation came alongside a reduction in the company’s ETH and XRP positions, suggesting a cautious or rebalanced approach toward altcoins.

Specifically, Galaxy’s ETH holdings declined from 155,026 ETH on March 31 to 90,521 ETH by the end of June. Other digital assets in the firm’s portfolio include Solana (SOL), Hype (HYP), SUI, and stablecoins such as Circle’s USDC.

In addition to changes in crypto holdings, the firm also reported a strong increase in assets under management (AUM), which rose to $8.9 billion – up 27% quarter-over-quarter. Assets under stake also climbed to $3.1 billion, representing a 34% increase. The company anticipates continued strength into Q3, stating:

July marked the strongest monthly financial performance for our Digital Assets operating business in the firm’s history, with record results in Global Markets and steady progress in Asset Management & Infrastructure Solutions.

Will Galaxy Digital Adjust Its Crypto Strategy?

While Galaxy Digital increased its BTC holdings and reduced ETH exposure in Q2, recent developments suggest the firm may adjust its portfolio strategy based on capital rotation and shifting market trends.

Last week, a Satoshi-era Bitcoin wallet linked to Galaxy Digital initiated a massive sale of 22,700 BTC. The sell-off weighed on the market, bringing Bitcoin’s net realized profit down to $1.4 billion.

Meanwhile, Galaxy Digital CEO Mike Novogratz recently stated that Ethereum is likely to outperform Bitcoin in the near term, citing ETH’s expanding ecosystem and accelerating innovation. At press time, BTC trades at $113,230, down 1.6% in the past 24 hours.

Nasdaq-listed cryptocurrency exchange Coinbase has announced plans to raise $2 billion through a private convertible note offering following a weaker-than-expected second-quarter performance.

The move comes as COIN shares recorded a 15% decline on August 4, reflecting market reactions to the company’s reported drop in revenue and increased operational costs.

Details of the Convertible Note Offering

According to the announcement, the proposed fundraising will be conducted through a private placement targeting qualified institutional buyers. The offering will consist of two tranches of senior unsecured notes, each worth $1 billion, set to mature in 2029 and 2032 respectively.

Coinbase stated that the proceeds would be allocated toward capped call transactions to limit dilution risks, with the remaining funds earmarked for general corporate purposes, including working capital, acquisitions, and potential debt repurchases.

The $2 billion offering is structured as two separate note issues, one due October 1, 2029, and the other due October 1, 2032. Both instruments are convertible into cash, Class A common stock, or a combination of the two, at Coinbase’s discretion.

The company also provided an option for initial buyers to purchase up to an additional $300 million in notes across both series, depending on investor demand at the time of pricing. Convertible notes are often used by companies seeking to access liquidity while managing potential shareholder dilution.

Coinbase plans to enter into capped call transactions on each tranche, which can offset future conversion costs if its stock trades above a predetermined level. These hedging activities may involve trading Coinbase’s shares or related derivatives during and after the pricing period.

The final interest rates and conversion terms will be determined upon completion of the offering. At the time of writing, COIN shares is down over 3%, dropping to $307 levels.

Market Context and Investor Reactions

Coinbase’s fundraising initiative follows a broader trend among cryptocurrency firms turning to convertible debt as a financing tool amid volatile market conditions. Other companies in the sector, including Marathon Digital (MARA), have recently issued similar instruments to promote balance sheet flexibility.

Analyst sentiment on Coinbase remains mixed following its Q2 earnings release. While research firm Benchmark maintained a “Buy” rating, citing long-term growth opportunities, other analysts, including Mizuho, highlighted pressure on revenue streams such as USDC-related interest income from issuer partner Circle.

Mizuho’s note suggested that shrinking margins from Circle’s reserves could affect Coinbase’s subscription and services revenue mix in upcoming quarters.

The planned $2 billion raise is seen as part of Coinbase’s strategy to secure capital ahead of potential market shifts while maintaining options for managing existing debt obligations, such as the company’s outstanding 2026, 2028, 2030, and 2031 convertible and senior notes.

Featured image created with DALL-E, Chart from TradingView

Reports have disclosed that Shin Jin-wook, the chief executive of South Korean crypto exchange Bitsonic, has been handed a second prison term for a fresh fraud charge.

Based in Daegu, Shin was found guilty of manipulating trading data and misleading customers. He is already serving a seven-year sentence for misappropriating ₩10 billion (about $7.5 million) in deposits, and now faces more jail time over a smaller but still serious scheme.

Inflated Trading Volume And Misleading Announcements

According to the Daegu District Court, Shin used false trading figures to pump up the crypto market price of Bitsonic Coin (BSC). He lured customers with fake announcements and boosted “KRW points” through sham buybacks.

Those points then funded actual purchases of Bitcoin and Ethereum from platform users. Once Shin converted the crypto into cash, he poured money into unrelated firms.

The court found that this cycle netted him roughly ₩160 million ($115,000) in ill-gotten gains.

Investigators noted that Shin also gave investors a lock-up period guarantee. In reality, neither the investments nor the promised interest could be returned. When victims pressed for their funds, they discovered the promise was hollow.

Earlier Price Manipulation Conviction

In February 2024, Shin and Bitsonic’s chief technology officer, known only by the surname Bae, were sentenced to a combined eight years in prison for a separate fraud involving price manipulation.

Reports said that this earlier verdict stemmed from a Seoul District Court finding that both executives deceptively profited by inflating trade volumes. At that time, Shin settled with the two biggest victims, which the judge said helped merit a lighter sentence.

The February ruling emphasized that neither Shin nor Bae had prior convictions for similar crimes. Judge Seong Gi-jun noted that their lack of a criminal record and Shin’s partial restitution with major victims weighed in favor of a “lenient” approach under South Korean law.

Yet the sizable sums involved—₩10 billion in deposits and the recent ₩160 million—underscore the scale of trust these executives betrayed.

Questions Over Exchange Oversight

According to Digital Asset reports, professionals indicate that the crypto exchange Bitsonic situation points to loopholes in real-time observation of exchange operations.

Swollen volumes and unverified lock-up assurances are likely to go undetected without more robust on-chain analytics. Customer trust suffers every time a high-profile exchange scandal erupts.

Some traders are already demanding mandatory proof-of-reserves audits and transparent order books to help deter such abuses.

Featured image from FLETA, chart from TradingView

The US Commodity Futures Trading Commission (CFTC) has launched an initiative to allow spot crypto trading on exchanges registered under it.

CFTC Kicks Off Crypto Sprint With Spot Trading Initiative

In a new press release, CFTC acting chairman Caroline D. Pham has announced an initiative aimed at enabling trading of spot crypto contracts listed on Designated Contract Markets (DCMs) registered under the agency. The CFTC is a US government regulator that oversees derivatives markets in the country. These markets include futures, swaps, and certain types of options.

Last week, the firm announced a “crypto sprint” to begin implementing recommendations outlined in the Digital Assets Report created by the President’s Working Group. The latest initiative marks the first step in CFTC’s sprint. “Under President Trump’s strong leadership and vision, the CFTC is full speed ahead on enabling immediate trading of digital assets at the Federal level in coordination with the SEC’s Project Crypto,” said Pham.

Project Crypto, unveiled last week, refers to the US Securities and Exchange Commission’s plan to make the nation the leader in crypto innovation. The initiative includes drafting clearer rules around token classifications, custody, and trading. Although the CFTC is an independent agency, it appears to be aligning with the SEC to help realize President Donald Trump’s vision of making America the “crypto capital of the world.”

“There is a clear and simple solution the CFTC can implement now,” noted Pham. “The Commodity Exchange Act currently requires that retail trading of commodities with leverage, margin, or financing must be conducted on a DCM.” The regulator has invited stakeholders for feedback on how spot crypto contracts can be listed on registered futures exchanges under the current rules.

Despite the regulatory clarity surrounding digital assets that came out last week, American institutional sentiment still turned bearish as the Coinbase Premium Gap dipped into the negative territory.

The Coinbase Premium Gap is an indicator that measures the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). Since the former is the preferred platform of large US-based investors, the metric is often considered a reflection of how the behavior of these whales differs from the rest of the market.

The indicator turning negative suggests that higher selling pressure or lower buying pressure has brought BTC down on Coinbase relative to Binance. Though while the metric was red earlier, it has now returned to the positive region, as CryptoQuant author IT Tech has pointed out in an X post.

The analyst explains that the trend is “a good sign that demand is picking up again in the US market, especially from institutions and big players.”

Bitcoin Price

Bitcoin recovered to $115,700 on Monday, but it appears the coin has seen a setback as its price is back at $114,000.

Litecoin (LTC) has resurfaced one of the top-performing cryptocurrencies this week, jumping over 12.7% in just 24 hours to trade near $128.

The surge follows increasing speculation around a potential U.S. spot ETF approval and a dramatic rise in real-world adoption, which are now converging to position Litecoin for a major breakout.

According to Bloomberg analysts, the odds of an ETF approval for Litecoin stand at 90%, boosted by its clear commodity classification by the CFTC.

Much like Bitcoin, this regulatory clarity sets the stage for institutional inflows. Major firms, including MEI Pharma, have already made significant LTC allocations, adding to the bullish narrative.

Technical Breakout Signals Further Gains

Litecoin’s price recently broke free from a three-year consolidation pattern, flipping key resistance at $110.70 into support.

Now trading above $126, the digital asset faces its next resistance zone at $131.18. If momentum holds, analysts believe LTC could surge toward $144.56, or even higher, with Fibonacci extensions pointing to targets near $150.

Technical indicators support this bullish outlook. The RSI remains elevated but not yet exhausted, while the MACD shows signs of sustained bullish divergence.

Notably, a daily close above $128.92 could confirm a long-term trend reversal. However, caution is advised if LTC fails to hold support above $110.70, with a fallback level at $103.80.

Merchant Adoption Accelerates Litecoin (LTC)’s Position

Beyond speculation, Litecoin is proving its real-world utility. In July 2025, LTC accounted for 14.5% of all crypto payments on CoinGate, second only to Bitcoin and ahead of stablecoins like USDT and USDC. Its fast transaction times and minimal fees have made it a favorite among merchants.

Nearly 40% of CoinGate’s partner vendors now retain crypto from sales, a significant increase from 27% in 2024. This growing confidence in Litecoin as both a medium of exchange and a store of value strengthens its long-term prospects.

With surging volume, a key technical breakout, and the possibility of an ETF approval in sight, Litecoin is no longer in the shadows. The convergence of institutional interest and rising adoption indicates that LTC could be positioned for a substantial rally, with the potential to attain or exceed $150 soon.

Cover image from ChatGPT, LTCUSD chart from Tradingview

Solana Mobile began shipping its second-generation crypto phone, the Seeker, on August 4, 2025, marking the project’s most ambitious push yet to bring on-chain functionality into a mainstream handset. The company confirmed the rollout publicly to users in 50+ countries and preorders topping 150,000 units—orders that materially outpace the first-generation Saga’s production run.

The timing coincides with a wide-ranging interview with the When Shift Happens podcast by Kevin Follonier in which Solana co-founder Anatoly Yakovenko explained why a blockchain company would build a phone at all. “Mobile was like my baby,” he said, pointing to his years at Qualcomm and the latent security stack already inside modern chipsets.

Solana Seeker Phone — All You Need To Know

“As soon as I started taking crypto seriously, my instinct was [that] there is a whole stack for secure elements and a trusted display embedded in these chips… developed… for making cryptographic signatures be as secure as a Ledger. So all this technology is available in your phone.”

He framed the aim as both user- and developer-centric: “There is an opportunity to make something better for users… and an opportunity to make something for developers, which is, you know, get rid of the 30% fees. You have a crypto-friendly app store.” He also called the smartphone “the tricorder from Star Trek,” underscoring its centrality to how people access the internet.

At the heart of Seeker is a hardware-anchored Seed Vault—developed in partnership with Solflare—that keeps private keys and seed phrases isolated from the application layer while still allowing in-app transactions. Yakovenko described it as a way to avoid risky behavior like re-entering a primary wallet’s seed phrase across different apps: “Do not share your seed phrase between apps or wallets.

The Seed Vault keeps that seed phrase secure, but the wallet can be shared between applications.” Seeker refines what shipped on the Saga by making the confirmation flow feel “more like Apple Pay,” with secure prompts and trusted display for signing. Solana Mobile’s own materials similarly pitch the Seed Vault as the device’s core security boundary, now integrated with double-tap transactions and fingerprint entry.

Yakovenko was explicit that Seeker is not about replacing every iPhone overnight. Many corporate environments, he noted, lock workers into Apple’s security tooling. But he argued there is a large addressable market outside “iPhone land,” and he made a practical case for using Seeker as a second device: a dedicated, more secure “NFT cryptophone” for hot-wallet activity, while long-term holdings stay on hardware wallets and multi-sig setups. “Cold storage is separate… you should always have a cold and hot separation.”

On the developer and distribution side, Seeker ships with Solana dApp Store 2.0, a venue Solana Mobile positions as crypto-forward and free of the policy friction that has historically constrained web3 apps on mainstream stores. The device also introduces Seeker ID—a unified identity that ties a wallet address, a .skr username, and a Genesis Token to a user profile for smoother app onboarding and rewards. For developers, Solana markets this as proof-of-authenticity and a way to reach “high-value users.”

The commercial stakes are clear. Yakovenko said the project now sees a path from 150,000 preorders to one million devices—enough, in his view, to sustain a standalone mobile ecosystem—though he was candid that getting to 10 million remains an open challenge tackled “one step at a time.”

For context, Solana’s first handset, the Saga, ultimately moved ~20,000 units, struggling at launch but later selling out amid speculative demand around app incentives and memecoin airdrops.

Yakovenko’s strategic endgame is unambiguous: “To disrupt the duopoly.” Not by fiat, but by introducing a credible alternative where on-chain signing, wallet UX, and distribution economics are native rather than bolted on. As he put it, “A single participant—even a small one—can change the market equilibrium.”

At press time, SOL traded at $169.

BitMEX co-founder Arthur Hayes has issued a sobering warning to crypto investors, predicting an imminent 19% Bitcoin crash. This foreboding report comes as Hayes significantly reduced his exposure to major cryptocurrencies, sparking uncertainty and doubt in the market. 

Bitcoin Faces Potential 19% Price Crash

On August 2, Hayes took to the X social media platform to sound the alarm on potential market turbulence ahead. The BitMEX co-founder forecasted that the Bitcoin price could crash by a whopping 19%, possibly retesting the $100,000 level and marking one of its sharpest declines in recent weeks. 

Notably, Hayes’ grim outlook extends beyond Bitcoin to the world’s largest altcoin, Ethereum. He believes that while Bitcoin plunges to former lows, ETH could fall to $3,000, representing a sharp decline of approximately 18% from its current price of $3,634. The BitMEX co-founder has attributed these bearish short-term forecasts to macroeconomic stress, particularly in the United States (US). 

Hayes offered a sobering take on the state of the global economy and its potential implications for the digital asset market. He believes that the US is on the brink of a significant financial shift, with a “tariff bill” potentially coming due in the third quarter of 2025 and set to weigh heavily on market sentiment. 

Notably, the BitMEX co-founder’s bearish warnings come shortly after the release of a cooler-than-expected US Non-Farm Payrolls (NFP) report. The data indicated a slowdown in job creation, which in turn sparked concerns about the Federal Reserve’s (FED) ability to continue sustaining nominal Gross Domestic Product (GDP) growth without more aggressive credit creation. 

Hayes argued that no major global economy is currently expanding credit at a pace sufficient to support nominal GDP growth. He warns that this stagnation could create conditions that could put downward pressure on risk assets like cryptocurrencies. Notably, the BitMEX co-founder’s bearish outlook for both Bitcoin and Ethereum underscores the impact that macroeconomic and geopolitical factors tend to have on the digital asset market.

Hayes Dumps Millions In Crypto Holdings

Backing up his warning with actions, Hayes has begun offloading a substantial portion of his crypto holdings. According to blockchain data shared by Lookonchain via Arkham Intelligence, the BitMEX co-founder liquidated a large portion of his portfolio on the same day he issued his foreboding BTC and ETH forecast. 

Within just six hours, Hayes reportedly sold approximately 2,373 ETH valued at $8.32 million, along with 7.76 million ENA tokens worth $4.62 million. He also exited a massive position in PEPE, selling 38.86 billion tokens for roughly $414,700. 

The scale and speed of these withdrawals suggest that Hayes may be repositioning himself ahead of anticipated market volatility. As one of the most influential figures in the crypto space, his moves have sparked debates about whether these recent liquidations could signal the beginning of a broader correction.

Solana Mobile has officially begun global shipments of its second-generation Web3 smartphone, the Seeker, to over 50 countries, and its launch has directly impact the Solana price.

With more than 150,000 pre-orders and a feature-rich design tailored for crypto users and developers, the device is already igniting renewed bullish sentiment in the Solana (SOL) ecosystem.

Following the announcement on August 4, the SOL price surged to around $169.05, marking a 6% gain since the start of the month. The Seeker builds on the Saga’s foundation, but this time enters a stronger DeFi market, with over $9.8 billion in total value locked.

The Seeker features 2,500+ decentralized apps via Solana dApp Store 2.0, a built-in Solflare wallet, secure Seed Vault, and a Genesis NFT that unlocks exclusive airdrops and rewards.

These enhancements, alongside the yet-to-launch SKR incentive token, have positioned the Seeker as more than just a phone, it’s a mobile-native DeFi portal.

Can SOL’s Mobile Ecosystem Trigger a Solana Price Breakout?

Solana’s market structure reflects cautious optimism. After rebounding from strong demand zones between $150 and $155, SOL is now testing resistance at $171.12, a key Supertrend level and 0.382 Fibonacci barrier.

A breakout above this zone could push the price toward $175.80 and eventually the critical $180–$185 resistance region. Technical indicators remain mixed. The RSI on the 30-minute chart sits at 58.57, while the Parabolic SAR has flipped bullish.

However, netflows show $9.81M in outflows, suggesting the rally is not yet fully backed by strong spot demand. Analysts argue a confirmed daily close above $175 would validate a bullish reversal.

$67.5M Revenue and Growing Ecosystem Support Price Upside

Priced between $450–$500, the Seeker phone could generate at least $67.5 million in revenue for Solana Mobile.

More importantly, the device encourages network engagement, SOL usage, and potential airdrop farming, echoing the Saga’s success story with BONK.

As Solana continues innovating in mobile-first Web3 infrastructure and its DeFi ecosystem grows, the Seeker’s success could become a long-term bullish catalyst.

While short-term price movement depends on volume and resistance breakout, the broader fundamentals suggest SOL could revisit the $200–$300 range by year-end.

Cover image from ChatGPT, SOLUSD chart from Tradingview

Bitcoin is trading at a pivotal level after losing key support zones, triggering concerns among investors about a potential deeper correction. After spending over two weeks consolidating in a tight range, BTC broke down sharply, reaching lows around $112,000. This sudden drop has shaken market sentiment, with some analysts warning of further downside if demand fails to absorb the recent selling pressure.

However, not all indicators are flashing red. Top analyst Axel Adler shared compelling data revealing that, starting from the end of February 2024, the average Exchange Netflow on centralized exchanges (CEXs) has been predominantly negative. In fact, Netflows were positive on only two occasions since then, indicating that demand has consistently outpaced supply during this period. This sustained outflow of Bitcoin from exchanges signals strong accumulation trends, as investors continue to withdraw BTC for long-term holding rather than selling into the market.

While the current price action has sparked fear of a bearish reversal, the underlying demand dynamics suggest that the broader uptrend may still be intact. Whether Bitcoin can defend the $112K support zone and recover in the coming sessions will be crucial in determining the next phase of its market cycle.

Supply Shortage Deepens As Bitcoin Accumulation Persists

According to analyst Axel Adler, Bitcoin’s supply dynamics continue to paint a bullish long-term picture despite recent price volatility. Adler highlights that coins have been consistently bought off exchanges for nearly a year and a half, significantly reducing the available liquidity in the spot market. This persistent outflow has gradually created a supply shortage, which has been a key driver behind Bitcoin’s impressive growth over the past months.

This accumulation trend remains active, with investors — particularly long-term holders and institutional players — continuing to withdraw BTC from exchanges at a steady pace. As liquidity dries up, even moderate demand can trigger outsized price moves, which has fueled much of Bitcoin’s upward trajectory.

However, Adler also points out a growing challenge: as Bitcoin approaches historically overvalued levels, selling pressure is beginning to surface. Short-term holders and profit-takers are becoming more active, especially as BTC tests key psychological price levels. This friction between dwindling supply and increasing profit-taking behavior could lead to heightened volatility in the coming weeks.

If accumulation continues to outpace supply inflows, the broader uptrend could remain intact. Yet, the overvaluation signals suggest a period of consolidation or corrective moves is necessary to reset market conditions before Bitcoin attempts another push toward new highs.

Price Analysis: Key Levels To Watch

Bitcoin is currently trading at $114,937 after facing a sharp correction from its recent all-time high of $123,000. The daily chart shows that BTC lost the critical $115,724 support level, which has now turned into immediate resistance. The price is attempting to retest this level, but the rejection from the 50-day moving average around $115,100 suggests that bulls are struggling to regain momentum.

The price structure reveals a clear breakdown from the tight range formed between $115K and $122K, followed by a lower high formation that indicates weakening bullish strength. Volume has been declining during this rebound attempt, signaling a lack of strong buying interest at current levels. The 100-day moving average at $108,100 serves as the next major support if BTC fails to reclaim $115K.

On the upside, reclaiming the $115,724 level with strong volume would be a bullish sign, potentially triggering a move back toward the $120K-$122K resistance zone. However, failure to break above this level could confirm a bearish retest and increase the likelihood of BTC revisiting the $112K-$110K support range in the coming sessions.

Featured image from Dall-E, chart from TradingView

The price of Pi Network’s native token, PI, has tumbled to its lowest level ever recorded, breaking below $0.4 before continuing its retrace to $0.35 at the time of writing. The crash comes just days after a controversial announcement from the Pi Network team, which may have intensified bearish sentiment across the community.

PI Breaks Through Historical Lows As Downtrend Deepens

The PI/USDT pair has now fallen beneath every key support level since its launch. As shown in the weekly chart, PI is trading under a sustained descending trendline and remains below all major Fibonacci resistance points. At the time of writing, the token is sitting just above $0.40, and price action is mounting with selling pressure to break lower, especially if broader altcoin dominance weakens further.

This week’s candle marks a continuation of the steady decline that began in March, despite sporadic bullish spikes. This has allowed Pi to continue declining with every move and is now trading at its lowest price level since its launch. 

Interestingly, this crash came amidst a recent announcement by the Pi team. The Pi Network team published an announcement urging Pioneers to voluntarily lock up their PI tokens to boost their mining rates. According to the August 1 blog post, users can choose to lock up to 200% of their migrated balance and receive enhanced rewards for doing so. The post also explained the various ways to initiate the lockup via the Pi app and Pi Browser.

Bleak Outlook Unless Strong Support Returns

However, this move has done little to calm the storm, and Pi’s price continued its decline. The announcement’s timing may be flawed, particularly given the unaddressed concerns about migration delays and token liquidity. There’s the inability to trade or use much of the circulating supply, and now, locking tokens with no guaranteed future liquidity feels more like a sacrifice than a strategic decision.

At the same time, liquidity is a major issue. There are limited trading options, as Pi is only available on a few centralized exchanges, but it’s not listed on major platforms like Binance or Coinbase. Also, there are a few mechanisms for real-world utility.

Now that Pi is trading around $0.35, the downtrend has officially entered uncharted territory. Unless a strong support zone materializes quickly, Pi Network delivers a major ecosystem catalyst, or the inflow into the market returns, the current collapse may extend deeper.

The lockup initiative, which was intended to encourage commitment and network growth, appears to have backfired among a user base already grappling with doubts about the project’s pace. As such, the Pi Network faces increasing pressure to deliver meaningful progress before the community’s confidence erodes even further.

At the time of writing, Pi is trading at $0.352, down by 1.4% and 19.6% in the past 24 hours and seven days, respectively.

While Solana’s price has gained upside traction, many treasury companies are beginning to purchase the altcoin at a significant and rapid rate to boost their treasury holdings. One of the treasury companies that has showcased robust confidence in SOL and has gone on a buying spree is Defi Dev Corp.

DeFi Dev Corp Doubles Down On Solana

Solana treasury reserve is ramping up among big institutional firms alongside other notable cryptocurrency assets such as Bitcoin and Ethereum. In a daring move that highlights the growing institutional confidence in SOL, Defi Development Corp, a public firm, has acquired a huge chunk of the altcoin for its treasury reserve.

Defi Development Corp’s strategic purchase of SOL reflects a deepening institutional interest and commitment to the Solana ecosystem. The strategic purchase by the treasury-focused firm shows that major companies may be getting ready for the next wave of blockchain usage.

According to the report from SolanaFloor, Defi Dev Corp recently purchased an additional 110,466 SOL, marking a considerable expansion of its holdings. During the time of purchase, these coins were valued at approximately $18.4 million at an average price of $166.

Following the massive acquisition, the company’s treasury reserve has reached a total of 1.29 million SOL, worth about $209 million. The latest acquisition comes just a week after the firm’s last purchase of $20 million worth of SOL.

New companies are beginning to show interest in owning a Solana treasury reserve as the network sees notable growth. SolanaFloor reported that Artelo Biosciences Inc., a pharmaceutical company, is on the verge of launching its SOL treasury strategy.

The platform noted that the pharmaceutical firm under Nasdaq recently raised $9.47 million through a private placement to launch its SOL treasury strategy. With the purchase, the company is now the first publicly traded pharma firm to adopt Solana as a reserve asset.

In the post, SolanaFloor highlighted that Bartosz Lipiński, a lead investor and former Solana Labs employee, will provide guidance through CUBE, a crypto-based platform, which will manage DeFi execution, staking, and storage. “Artelo joins a growing list of publicly traded companies adopting SOL for treasury management,” the platform added.

SOL Network Leads In On-Chain Revenue

These notable purchases of SOL coincide with a rise in interest in Layer 1 scalability solutions and a revival of developer activity. The network is currently leading in terms of revenue, as users and developers are steadily flocking in.

According to SolanaFloor, SOL continues to lead all Layer 1s and Layer 2s in network revenue for 20 consecutive weeks, reflecting its growing dominance in the blockchain sector. SOL’s revenue metrics have surged past its competitors, including Tron, Ethereum, and Bitcoin.

Data shows that SOL amassed $16.6 million in revenue in one week, particularly between July 28 and August 3. Tron comes in second place with $14.05 million, and Ethereum in third place with $11.4 million in weekly revenue.

Yesterday, Strategy (formerly MicroStrategy) announced that it bought an additional $2.46 billion worth of Bitcoin ($BTC) this past week.

Between July 28 and August 3, the company acquired an additional 21,021 tokens, increasing its total holdings to 628,791 $BTC (currently worth approximately $72.18 billion).

This marks Strategy’s third-largest dollar value of #BTC purchased since it started accumulating the top crypto five years ago.

Naturally, this is excellent news for the best crypto presales. When $BTC gains large-scale institution support, it tends to lift overall market sentiment, sparking renewed interest in early-stage projects as a consequence.

Saylor’s Strategy: Buy and HODL $BTC for 21 Years

In a recent interview, Strategy founder Michael Saylor reaffirmed the company’s long-term vision. He revealed the company’s plans to hold $BTC for up to 21 years, citing returns of at least 50% per year and growing strength over time.



Validating Saylor’s long-term thesis, $BTC – now valued at a commendable $114K – is up by over 125%. So, it’s no wonder that Strategy remains the world’s largest corporate Bitcoin holder.

And its approach is paying off. In Q2 2025, the firm reported $14B in operating income, driven almost entirely by $BTC holdings – a whopping 7,000%+ increase compared to the following year.

Given that big players like Strategy are going all-in on $BTC, it’s easy to see why investors are becoming more interested in early crypto projects like Maxi Doge ($MAXI), Snorter Token ($SNORT), and BlockDAG ($DAG).

This is especially true when considering they’re available at their lowest prices, before major exchange listings likely bump up their value.

1. Maxi Doge ($MAXI) – Shiba Inu Coin on Steroids, Built for 1,000x Leverage Traders

Inspired by the Shiba Inu dog like the meme coin legends $DOGE and $SHIB – but on steroids – Maxi Doge ($MAXI) is quickly attracting attention. Since launching last week, it has already raised over $359K on presale.

Its early presale success is fueled by the fact that it’s built to ‘trade on 1,000x leverage’ and designed to ‘feel the $MAXI pump.’ Therefore, it’s geared toward high-risk, high-reward traders chasing explosive gains. This alone is a major appeal in today’s meme crypto culture.

Its tokenomics is also likely attracting attention. A significant 40% of its total token supply is allocated for marketing, and an additional 25% goes to the Maxi Fund for ‘maximum project exposure and optimal pump dynamics’ – each of which demonstrates its commitment to sustainability.

What also distinguishes $MAXI is its plan to connect with futures trading platforms, as noted in phase 4 of its roadmap. For a speculative meme coin, this marks a bold move toward practical use and lasting relevance.

Take $SHIB, for example. It has shifted from being a meme coin to a utility-rich altcoin with its own decentralized exchange (ShibaSwap), collectible card game (Shiba Eternity), and Layer 2 blockchain network (Shibarium).

Fueled by growing dApp usage, $SHIB could climb from its current $0.00001220 price tag to $0.000041 next year. If $MAXI follows a similar path, its early-stage presale could be a rare opportunity before demand goes off the leash.

You can purchase $MAXI on presale for just $0.0002505 using either $ETH, $USDT, $USDC, or $BNB.

2. Snorter Token ($SNORT) – Aardvark-Inspired Coin Set to Sniff Out High-Potential Cryptos

Inspired by a mischievous aardvark, Snorter Token ($SNORT) is the backbone of Snorter Bot, a Telegram trading bot.

Once launched this quarter, it’ll help you identify the hidden crypto gems before they go viral and potentially 1,000x.

The bot aims to help you boost your returns by allowing auto-swap of tokens, setting stop losses, and copying top investors’ trades.

Snorter Bot will first be available on Solana to take advantage of its fast, low fees. Then it’ll expand to Ethereum and BNB Chain, before later supporting Polygon and Base.

This multi-chain approach will give you the flexibility to trade across the most active crypto ecosystems.

You can also rest easy knowing that it includes rug pull and honeypot detection to help you avoid falling victim to scam projects.

With the crypto trading bot market projected to grow at a ~14% CAGR and hit roughly $154B by 2033, $SNORT positions itself to grow alongside the space. Especially when considering it unlocks premium features, governance rights, and staking rewards at a 156% APY.

You can purchase $SNORT on presale for $0.1003. Now’s a great time to get involved for possible ~836% gains, as it may trade around $0.94 post-exchange listings.

3. BlockDAG ($DAG) – Supercharges PoW-Powered Layer 1 Blockchain, Raises $362M+

$DAG is the foundation of BlockDAG, a cutting-edge Layer 1 blockchain that combines the security of Bitcoin’s Proof-of-Work (PoW) and the speed and scalability of its own Directed Acyclic Graph (DAG) architecture.

To put it simply, it enables parallel block confirmations, facilitating thousands of transactions per second.

By being fully EVM-compatible, it’s designed for ease of access and development. This way, Ethereum smart contracts and dApps can deploy on the network easily, with minimal changes.

BlockDAG also includes features like a no-code smart contract builder, mobile mining (on the X1 Miner App), and flexible fee-sharing modules for dApp creators.

$DAG is used for transaction fees, smart contract interactions, and community rewards, which makes it a powerful utility token with high growth potential.

Its early presale success highlights the token’s weight: it has already raised over $362M, despite one $DAG currently only costing just $0.0016 and not yet listing on major exchanges as promised – MEXC, Coinstore, BitMart.

New Cryptos Primed to Rise With $BTC

With major institutions like Strategy making billion-dollar $BTC moves and signaling long-term interest in crypto, momentum is bound to continue building across the space.

Whether you’re interested in meme-driven coins like $MAXI, trading bots like $SNORT, or novel Layer 1 initiatives like BlockDAG, each of these early-stage projects stand to gain from growing market optimism.

This isn’t investment advice. DYOR and never invest more than you’d be sad to lose.

Ethereum has entered a consolidation phase following a recent price drop, with bearish price action suggesting the potential for further corrections in the near term. After a sharp rally that pushed ETH close to the $3,940 mark, the market has shifted towards profit-taking and cautious trading, reflecting broader volatility across the crypto sector. While short-term price dynamics appear weak, many analysts believe this is a healthy correction within a larger bullish structure, rather than the start of a sustained downtrend.

Key fundamental drivers continue to support Ethereum’s long-term growth thesis. Legal clarity in the US, particularly with regulatory advancements that favor tokenization and institutional participation, is providing a solid foundation for Ethereum’s adoption. Additionally, institutional accumulation and strategic treasury allocations by public companies are becoming more prevalent, adding confidence to Ethereum’s market positioning.

Network activity is also rising, with increased demand for Ethereum’s infrastructure across Real-World Asset (RWA) tokenization, stablecoins, and DeFi applications, highlighting the ecosystem’s expanding utility. Despite the current price correction, these underlying trends suggest that Ethereum remains well-positioned for a renewed upward move once the market stabilizes.

SharpLink Gaming’s Ethereum Treasury Strategy Gains Momentum

Arkham Intelligence, a blockchain analytics platform known for deanonymizing the entities behind blockchain wallets and transactions, has revealed a significant Ethereum acquisition linked to SharpLink Gaming. Over the weekend, an address associated with SharpLink purchased $105.5 million worth of ETH from Galaxy Digital, one of the largest crypto OTC desks. The entire purchase was subsequently staked with Figment, a leading staking service provider. This aggressive move underscores SharpLink’s growing commitment to its Ethereum-centered treasury strategy.

SharpLink Gaming, a Nasdaq-listed company, has positioned itself as one of the first public firms to develop a Treasury Strategy centered on Ethereum, marking a notable shift in how corporations manage their reserves. As of July 27, 2025, SharpLink’s Ethereum holdings have climbed to 438,190 ETH, reflecting a consistent accumulation trend that appears far from over. The company’s strategic purchases highlight a broader narrative of institutional adoption, where public firms are not only holding crypto assets but actively integrating them into their financial operations.

Analysts believe that SharpLink’s strategy could set a precedent for other publicly traded companies seeking diversified and blockchain-native treasury models. By staking its ETH holdings, SharpLink is also positioning itself to benefit from yield generation while reinforcing Ethereum’s network security.

This dual approach—accumulation and staking—signals a long-term vision that aligns with Ethereum’s growing role in real-world asset tokenization and DeFi infrastructure. If this trend continues, SharpLink could become a flagship case study in how public companies leverage Ethereum’s ecosystem for sustainable growth.

Price Action Details: Testing Support After Bullish Rally

Ethereum (ETH) is currently trading around $3,661 after facing rejection near the $3,860 resistance level, as shown in the daily chart. The price experienced a strong rally in July, surging over 85% from the $2,850 support zone. However, the bullish momentum has cooled off, leading to a period of consolidation and corrective moves.

The 50-day SMA at $3,038 and the $2,850 key horizontal support remain critical levels to watch if selling pressure intensifies. For now, ETH is holding above the $3,600 zone, attempting to stabilize after last week’s sharp correction. The short-term structure is still in a bullish phase, but the price needs to reclaim the $3,860 resistance to validate further upside.

Volume has been declining since the peak, reflecting market hesitation. The 100-day SMA near $2,724 and the 200-day SMA at $2,501 indicate a solid support foundation, suggesting that any deeper corrections could be viewed as long-term buying opportunities.

Featured image from Dall-E, chart from TradingView