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On Monday, thousands of investors joined a social audio space on X to discuss the worst day since David Bailey took Nakamoto (NAKA) public. Its title, NAKA -60%: Is the Bitcoin Treasury Trend Over? , highlighted the stock’s 60% weekend price drop to an all-time low of $1.16. From its all-time high of $34.77 on May 22, its crash to $1.16 this morning marked a 96% decline . Bailey once cheered as his bitcoin (BTC) treasury company traded up to 23 times the value of its BTC holdings. Today, his company’s multiple-to-Net Asset Value or mNAV multiplier has declined 96% — mirroring its share price decline — to 0.82x. Not content with simply becoming another BTC treasury company like Michael Saylor’s Strategy, Bailey promoted Nakamoto as a treasury company of BTC treasury companies . Although early speculators were excited about the multiplying spin of Bailey’s meta-strategy, excitement has evaporated since May. In an increasingly emotional series of tweet...

The cryptocurrency market is set to undergo several unlocks this week that could put significant selling pressure on affected assets. Notably, token unlocks are scheduled events in crypto projects where previously locked tokens for teams, investors, or rewards become tradable.  While intended to stagger supply and prevent shocks, they often weigh on prices in the short term, especially when large sums are released. For this week, two assets under the unlock schedules are worth watching. Solana (SOL) According to Tokenomics data, Solana (SOL) is set to unlock 502,930 SOL tokens, valued at approximately $121.22 million. While the release represents just 0.09% of Solana’s circulating supply, the dollar value is substantial. If such a large amount floods the market, it will boost liquidity but also increase the risk of downward pressure as recipients sell. Price action will also depend on broader market trends, which have heavily influenced Solana’s trajec...

BlackRock XRP purchase speculation has been reaching new heights after on-chain data revealed some pretty massive XRP movements from Coinbase cold storage wallets. The world’s largest asset manager actually uses Coinbase for XRP custody through its Aladdin platform, and this has been fueling BlackRock Coinbase Ripple XRP Bitcoin discussions across the cryptocurrency market. With around 16.5 million XRP moved recently, investors are questioning whether this BlackRock XRP purchase represents institutional positioning ahead of potential ETF filings. Also Read: Ripple Expands RLUSD to Africa as BlackRock Joins Swell 2025 XRP BlackRock Moves Raise Investor Interest Amid Crypto Market Shifts Source: InsideBitcoins Coinbase Cold Wallet Data Reveals Major Custody Changes Coinbase’s XRP cold wallet count has dropped from 52 to just 7 wallets over three months. Even more, 16.5 million XRP was moved in the past 24 hours alone. This BlackRock XRP purchase speculation intensified as on-c...

Burwick Law has been given more freedom to serve its Pump Fun lawsuit against Jito Labs and a number of Solana executives after Solana’s CEO ghosted the law firm nine times. Judge Colleen McMahon granted the order on Thursday, expanding Burwick’s available methods of serving the suit to include email, physical mail, and via a direct messages on X.  The remaining defendants that need to be served include Solana CEO Anatoly Yakovenko, Solana co-founder Raj Gokal, and Solana Foundation President Lily Liu. They can all now be served via email and FedEx .  Jito Labs’ CEO Lucas Bruder, COO Brian Smith, and the Jito Foundation can now all be served via email and Fed Ex, as well as a direct message on X. Solana CEO ghosts Burwick Law 9 times over Pump Fun lawsuit Read more: Burwick Law’s chief is running for NYC mayor It’s not the first time Burwick Law has sought alternative means to serve unresponsive defendants. In one lawsuit accusing a pub l...

Chainlink (LINK) has climbed in value over the past year, up over 130% since September 2024. However, the token’s growth has slowed this past month, raising questions among analysts about how high the altcoin can go by the end of this September. LINK has started to gain momentum after the announcement of its recent partnership with SBI Japan, as well as Chainlink’s partnership with the US Government to put economic data on-chain. Marking a major feat, LINK is now targeting a broader price level, eyeing a new high of $40. Will the time be able to score a new ATH by the end of this month? LINK price currently trades around $24, up 7.5% in the past week. LINK’s one-year surge coincides with broader crypto strength. For instance, Bitcoin and other tokens have also rallied in 2025, but Chainlink has notably outpaced the market. Additionally, the Chainlink- US Commerce deal cements Chainlink’s status as a trusted oracle for bringing real‑world data into crypto, increasing the inst...

Avalanche (AVAX) is currently among the best-performing cryptocurrencies in the top 100 projects by market cap. According to CoinGecko data, AVAX’s price has risen by 8.6% in the last 24 hours, 15.% in the last week, 16.2% in the 14-day charts, and 25.2% over the previous month. Let’s discuss what’s behind Avalanche’s latest price rally. Source: CoinGecko What’s Pushing Avalanche’s Price? Source: Securehindi The massive rally comes after the Financial Times reported that Avalanche is planning to raise $1 billion for two crypto treasury companies. The money will reportedly go towards buying AVAX coins at a discounted price. Avalanche’s (AVAX) latest price rally also comes amid cooling inflation numbers for the US. The dip in inflation figures has further boosted the chances of an interest rate cut later this month. The development may have led to a spike in investor sentiment. Rate cuts often lead to investors making more risky investments as bor...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reports from Toutiao indicate that a leading Chinese fintech company is in discussions to acquire blockchain technology from the Venom Foundation. While details of the negotiations remain confidential, sources suggest the goal is to integrate Venom’s infrastructure into financial services that support the real economy, from supply chain finance to cross-border settlements. The talks echo a familiar pattern. Chinese companies have a track record of moving into blockchain and digital asset sectors through bold acquisitions or strategic pivots, triggering market reactions. One notable case came from the crypto exchange Huobi, which pursued a strategy of overseas acquisitions starting in 2018, buying licenses and platforms in Japan and Singapore after Beijing tightened domestic regulation. The strategy enabled Huobi to maintain a global presence despite restrictions at home, though it also underlined how Chinese players often rely on foreign partnerships to keep pace with glob...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A heated debate over whether Ethereum is “dying” has erupted online after a Messari analyst flagged a sharp decline in the blockchain’s revenue, even after ETH hit an all-time high and stablecoin activity on the network surges. Messari analyst AJC highlighted on X that Ethereum generated $39.2 million in revenue in August, down 75% from $157.4 million in the same month in 2023 and 40% lower than last year’s $64.8 million. This marked the network’s fourth-lowest monthly revenue since January 2021. “Ethereum is dying,” he said . “Ethereum’s fundamentals are collapsing, but the .eths don’t care so long as the price goes up.” The analyst added that the decline in network fundamentals is “alarming,” despite ETH hitting a new all-time high of $4,953.73 on Aug. 24. ETH price chart (Source: CoinMarketCap )  EHT has since retraced over 13% to trade at $4,300.40 as of 3:17 a.m. EST.  A large part of...