DAOstack Officially Shut Down After $30M ICO — GEN Token Plummets to Near Zero

In a quiet but definitive close to one of crypto’s early DAO experiments, DAOstack officially ceased operations in 2022 after running out of funds—despite raising nearly $30 million during the 2017–2018 ICO boom.

DAOstack

According to ICO Drops, DAOstack raised:

  • $21.9M from a private round
  • $4.69M in a presale
  • $3.39M from a public ICO

The project aimed to build a decentralized governance protocol for DAOs, but it never lived up to its fundraising hype.

By the end of 2022, it had formally shut down, citing treasury depletion. Despite its early promise, its native GEN token never even hit its original token sale price during its entire run.


📉 GEN Token Collapses Below One Cent

The token now trades at $0.001422, dropping another 2.71% in the last 24 hours, according to Dexscreener. At its peak, GEN failed to reclaim its ICO price, and by May 2021, it began its long descent—now worth virtually nothing.

  • Current Market Cap: $68.18K
  • Token Price: $0.001422
  • 24-Hour Change: –2.71%

🧬 DAOstack’s Legacy Lives On Through xStocks

Interestingly, DAOstack’s impact persists in a new form. According to LinkedIn, three co-founders of Backed Finance, the team behind the tokenized stock marketplace xStocks, are former DAOstack employees.

While GEN may be dead, its DAO-building ethos has evolved, carried forward by a new generation of Web3 builders working on regulated on-chain assets.


⚠️ Final Take: Another ICO-Era Cautionary Tale

DAOstack’s shutdown is a sobering reminder of the boom-and-bust cycle of early crypto startups. Despite a massive treasury, poor execution and lack of traction led to collapse—leaving investors with nearly worthless tokens.

Yet, as seen with xStocks, talent rarely disappears—just pivots. DAOstack might be gone, but its alumni are now shaping the tokenized finance wave.

You might also like: Strategy to Report $14B Profit on Bitcoin Surg

Bitcoin Holds $107K as Bitwise Doubles Down on $200K Prediction — BTC Bull Token Presale Nears Cap

Bitcoin (BTC) is holding firm at $107,568, posting a 0.8% gain in the last 24 hours, while market sentiment gets a boost from Bitwise’s bold $200K end-of-2025 prediction.

Bitcoin

Bitwise CIO Matt Hougan pointed to three tailwinds:

  • Post-halving supply tightening,
  • Accelerating institutional adoption, and
  • Improving regulatory clarity.

Spot Bitcoin ETFs have already reshaped the market, drawing in significant mainstream capital. Institutions now view BTC as a legitimate reserve asset, thanks to clearer regulation and trusted access points. Hougan argues that this institutional demand is structural—not speculative—and will continue pushing the price upward.

“With a hard cap of 21 million coins and a growing role as a macro hedge, it remains uniquely positioned in a volatile world,” Bitwise noted.


📈 Bitcoin vs ETH & SOL: Diverging Paths

While Bitcoin enjoys bullish momentum, Ethereum (ETH) and Solana (SOL) are lagging behind.

  • Ethereum’s high gas fees and uncertain SEC status post-Merge are keeping institutional capital away.
  • Solana, once hailed as an ETH alternative, is struggling with network outages and validator centralization—two red flags for scalability and trust.

Bitwise remains cautious on both altcoins in the near term. Despite strong use cases, new all-time highs for ETH or SOL don’t appear likely in 2025, according to their outlook.


📊 Bitcoin Technical Analysis: Breakout in Sight?

BTC’s rebound from the 61.8% Fibonacci retracement ($103,270) is holding, with price now testing resistance at $107,832.

  • EMA Support: 50-period EMA at $106,993
  • MACD Histogram: Positive
  • Candlestick Signal: Bullish engulfing pattern

Trade Setup:

  • Long above: $107,832
  • Stop loss: Below $105,400
  • Target range: $108,957 – $110,448

🚀 BTC Bull Token ($BTCBULL) Presale Approaches $8.8M Cap

As BTC strengthens, attention is shifting to BTC Bull Token, a Bitcoin-linked altcoin that’s closing in on its $8,873,431 presale hard cap.

  • Raised so far: $7.9M+
  • Current Price: $0.002585
  • Next Tier Activation: Less than $1M remaining

BTCBULL offers Bitcoin-synced value mechanics:

  • BTC Airdrops to holders
  • Supply burns each time BTC rises by $50K
  • APY: 55%
  • Lockups: None
  • Liquidity: Immediate

With time running out and demand surging, early investors are jumping in before the next pricing tier kicks in.


🧠 Final Take: BTC Leads, Altcoins Lag

As institutional interest grows and post-halving dynamics kick in, Bitcoin is building a compelling case for a major breakout, reinforced by the rise of new Bitcoin-linked DeFi plays like BTC Bull Token.

For now, Bitcoin stands alone as the go-to digital asset for serious capital heading into 2025.

You might also like: SEC Delays Bitwise ETH ETF Staking Decision

SEC Delays Bitwise ETH ETF Staking Decision

SEC Hits Pause on Bitwise Ethereum ETF Staking Decision

The U.S. Securities and Exchange Commission (SEC) has chosen to delay its decision on whether Bitwise’s Ethereum ETF can participate in staking its ETH holdings. Rather than approving or denying the proposal outright, the SEC has initiated formal proceedings, signaling that the matter requires more extensive review.

bitwise

The move doesn’t spell rejection—just that more time is needed to assess whether staking aligns with existing investor protections and fair market practices.

In March 2025, NYSE Arca—the exchange proposing to list the ETF—filed to amend its rules to allow the trust to earn staking rewards from its Ethereum holdings. However, the SEC raised concerns about potential risks, including fraud, manipulation, and unfair trading activity.

The commission cited Section 6(b)(5) of the Securities Exchange Act as its legal framework, which emphasizes the need for mechanisms that protect investors and uphold fair trading standards.

During the next three weeks, the SEC will be accepting public comments. Individuals and organizations can voice their support, concerns, or feedback via email or official letters. These inputs may influence the final outcome.

As of now, staking activity through the Bitwise Ethereum ETF remains on hold while regulators weigh the pros and cons. Unless another delay occurs, the SEC’s final ruling is expected by July 6, 2025.

This case could set a precedent for other crypto-related ETFs and how they interact with staking protocols in a regulated environment.

You might also like: Toncoin Today: 4 Breakthroughs Supercharging TON’s Growth

Strategy to Report $14B Profit on Bitcoin Surge

Strategy to Report $14B Q2 Profit as Bitcoin Soars — No Sales Required

Michael Saylor’s company Strategy (formerly MicroStrategy) is set to report a jaw-dropping $14 billion profit for Q2 2025—but not from selling software. The profit comes directly from the explosive rise in Bitcoin’s price, paired with new accounting rules that let firms reflect real-time BTC gains in their financials.

bitcoin

Unlike Amazon or JPMorgan, which generate income through massive operations, Strategy is riding the Bitcoin wave. With BTC gaining around 30% in Q2, the company’s massive holdings have ballooned in value—without selling a single coin.

Back in March 2025, Strategy held 528,185 Bitcoins worth over $43.5 billion. By June 30, the number had climbed to 597,325 BTC. The Q2 price rally alone added $13+ billion in unrealized gains to the firm’s books, now countable under updated U.S. accounting rules.

These rules allow companies to report fair value gains—meaning Strategy doesn’t need to classify BTC as an intangible asset anymore. This accounting shift transforms the way public firms like Strategy can present crypto on their balance sheets.

Michael Saylor’s original decision in 2020 to pivot from a software-focused business to a Bitcoin-centric treasury model has paid off immensely. While software sales for the quarter are expected at just $112.8 million, Strategy’s total share value has soared more than 3,300% since 2020. In contrast, Bitcoin itself has risen by about 1,000% during the same period.

Thanks to this success, other firms are now following Saylor’s lead, adding crypto like Ethereum and Solana to their balance sheets. Whether they can replicate Strategy’s trajectory, however, remains to be seen.

You might also like: Polygon Today: 4 Major Milestones Powering MATIC’s Momentum

XRPL Goes Live on Dune: 2.2M Daily TXs, 5.6M Accounts

XRPL Data Now on Dune Analytics: A New Era of Transparency for Ripple Users

The XRP Ledger (XRPL), one of the oldest and most reliable blockchain networks, is now integrated with the popular analytics platform Dune. This means anyone—from developers to investors—can access real-time dashboards and explore XRPL’s rich ecosystem data like never before.

xrpl

Since its 2012 debut, it has handled over 4 billion transactions, with daily activity reaching 2.2 million transactions in 2025, up from just 50K per day in 2013. Over 14 million XRP in fees have been paid to date.

Despite its maturity, it is still expanding its user base rapidly. It now has over 5.6 million accounts, with 2,800+ new accounts created just yesterday. Back in 2022, it was adding 1K–2K new accounts daily—now in 2025, it often hits peaks of 8,000+ new users a day.

In just the past week, it processed 14.1 million transactions and saw activity from over 78,000 distinct senders. That’s nearly 180 transactions per sender—in just 7 days.

The most popular use case on XRPL remains simple payments, which surged from 1.5 million weekly in 2023 to over 8 million today. Other major activities include DEX trading and NFT minting.

XRPL’s built-in decentralized exchange (DEX) supports 400+ trading pairs with 2,300+ daily traders. Without needing smart contracts, it’s handled over 384 million XRP in volume, thanks to smart routing and deep liquidity.

Further powering its DEX are native Automated Market Makers (AMMs). These smart liquidity pools now number over 20,000, managing 350 million+ XRP in total volume, with an average of 2 million XRP traded daily through AMMs alone.

With Dune now supporting XRPL, expect transparency, research, and developer engagement to accelerate across the Ripple ecosystem.

You might also like: Toncoin Today: 4 Breakthroughs Supercharging TON’s Growth

India’s Telangana Leads Web3 Charge: Blockchain for Remote Voting & Scalable Governance

Telangana is fast emerging as a Web3 innovation hub, with its state government advancing blockchain adoption for public services and regulatory clarity. As Indian Web3 startups hesitate due to uncertain regulations, Telangana aims to lead by example—by exploring remote voting, secure record-keeping, and citizen-centric tech solutions.

telangana

The initiative focuses on integrating real-world blockchain use cases into administrative functions, signaling a shift toward responsible, scalable governance. It’s part of the government’s broader strategy to retain and encourage Web3 ventures within its borders.

This could mark a turning point in how democracies use blockchain—not just for token economies but for transparent, tamper-proof civic processes. Observers suggest other Indian states and global governments will watch Telangana closely as a potential Web3 governance blueprint.

You might also like : Bitcoin Eyes $144K Breakout as MACD Flashes Bullish Signal – Bitcoin Hyper ($HYPER) Surges Past $1.74M in Presale

Bitcoin Inflows Surge as ETFs Outshine Gold – U.S. Leads With $2.65B While Trump Tax Bill Fuels Market Rally

Bitcoin ETF Inflows Top Gold as U.S. Adds $2.65B – Trump’s Tax Package and Asia Rally Lift Market Sentiment

Crypto markets are seeing a decisive shift as Bitcoin (BTC) inflows swell, racking up $2.2 billion in fresh capital last week alone—accounting for a dominant 83% of all digital asset fund flows. The surge reflects a growing investor appetite for BTC-backed products, bolstered by intensifying global tensions and continued uncertainty over U.S. monetary policy.

Bitcoin

According to CoinShares, overall inflows for H1 2024 hit $18.3 billion, driven largely by U.S. investors. In just one week, the U.S. accounted for $2.65 billion, far outpacing Europe’s modest additions: Switzerland added $23 million, Germany $19.8 million. Hong Kong saw net outflows of $132 million in June, indicating cautious sentiment following earlier price spikes.

Bitcoin ETFs Take the Lead Over Gold ETFs
Spot Bitcoin ETFs are drawing significantly more attention than gold. In a span of five days, Bitcoin ETFs saw inflows of $3 billion—contrasted by $1 billion in outflows from gold ETFs. This reversal hints at a macro rotation, as institutions and hedge seekers pivot toward digital stores of value.

Ethereum also posted solid numbers, pulling $429 million in weekly inflows to bring its yearly tally to $2.9 billion. Solana continues to lag behind with $91 million year-to-date, underlining a confidence gap.


Corporate Moves Reinforce Bullish Sentiment

Anthony Pompliano’s ProCap BTC added 3,724 BTC ($386M) in a bold move ahead of a planned SPAC merger, while Japan’s Metaplanet ignited headlines by raising $517.8M on Day 1 of its “555 Million Plan,” aiming to accumulate 210,000 BTC by 2027.


Trump’s Tax Bill and Asian Market Rally Push BTC Higher

Bitcoin’s price resurgence past $108,000 breaks the June lull as sentiment flipped bullish in early Asia trading. The rally was triggered by the advancement of former President Trump’s $4.5 trillion tax plan, now heading for a decisive Senate vote.

According to QCP Capital, leveraged long positions are building, with funding rates turning positive—a sign of growing confidence ahead of quarter-end. Traders appear to be chasing momentum as BTC positions stack up.

ETH and SOL also rallied amid growing buzz over REX Shares’ proposed staking ETFs, which could offer institutions passive crypto yield if approved by the SEC.

You might also like: Breaking ! Solana Price Today: 4 Sharp Signals Suggesting a Break Above $160

Bitcoin Eyes $144K Breakout as MACD Flashes Bullish Signal – Bitcoin Hyper ($HYPER) Surges Past $1.74M in Presale

Bitcoin (BTC) is showing early signs of a powerful bullish breakout, now trading above $107,000 after gaining nearly 5% over the past week. A classic bull flag formation on the daily chart is catching traders’ attention, hinting at a continuation toward $144,000.

bitcoin

Technical analyst Merlijn The Trader highlights a flag setup that originated from BTC’s April–May run from $74,000 to $110,000. Since then, BTC has consolidated in a descending channel, forming the “flag.” The price recently tested the upper trendline, suggesting a breakout may be underway.

A daily close above $109,000 would confirm the bullish structure, with the MACD indicator showing its first buy signal in weeks via a bullish crossover. This could pave the way for a surge toward $144K—representing a 34% rally from current levels.

Key Bitcoin Levels:

  • Buy Trigger: Daily close above $109K
  • Stop Loss: Below $106.45K
  • Targets: $110.45K, $111.94K
  • Downside Risk: Below $106.45K, support at $104.6K and $102.9K

Despite early momentum, volume remains muted and confirmation is essential. The short-term trend is neutral, but bullish structure remains intact.


Meanwhile, Bitcoin Hyper ($HYPER) Dominates Presale Stage

While BTC eyes its next move,Hyper ($HYPER) — the first Bitcoin-native Layer 2 built using the Solana Virtual Machine (SVM) — has raised over $1.74 million in presale funding. The token, priced at just $0.012075, is approaching its next tier quickly.

Engineered for speed, scalability, and seamless BTC bridging, $HYPER enables meme coin creation, smart contracts, and low-cost dApp deployment — all backed by its security. With a Q1 rollout planned and full audits completed,Hyper is positioning itself as a serious L2 contender for 2025.


🎯 SEO Keywords to Include:

  • Bitcoin price prediction
  • BTC breakout target
  • Bitcoin Hyper presale
  • Bitcoin Layer 2
  • Solana Virtual Machine
  • MACD bullish crossover
  • crypto trading strategy
  • $HYPER token

You might also like: Kraken Launches Krak: New Global P2P App to Rival PayPal and Cash App

Solana Price Eyes $172 as Golden Cross Ignites Bullish Momentum; Bitcoin Hyper Presale Rockets Past $1.6M

After dipping to $126, solana bounced back hard and now trades at $147.12—up 4.3% this week. 📈 The real kicker? It just broke above a tight triangle pattern and flashed a golden cross. Bulls are back in control, fam.

solana

💡 Key signals saying SOL might pop off:

  • Broke above $144 triangle resistance
  • Golden Cross (9MA > 21MA)
  • MACD green + EMA trending up
  • Binance long positions rising = traders betting big

If SOL stays strong above $147.50, we could see targets at $150.54, $154.43, and even $158.81. And if volume picks up? Analysts say $172.51 might be in play midterm. That’s a 17% pump. 🚀

Trade Setup 🧠:

  • Entry: Buy above $147.50 (only if strong volume)
  • TP1: $150.54
  • TP2: $154.43
  • SL: Below $144.00
  • Pullback entry: $144–$145 if it confirms support again

Meanwhile in presale land…

Bitcoin Hyper ($HYPER) is cooking 👀🔥

It just crossed $1.67M in its presale, closing in fast on the $1.9M cap. It’s not just another meme coin though. $HYPER is the first Bitcoin-native Layer 2 built with Solana’s tech (SVM).

That means:
⚡ Fast.
💸 Cheap.
🧱 Built on BTC’s security.

Plus, 91M tokens already staked and estimated 577% APY rewards after launch. Gas fees, dApps, and governance—all powered by $HYPER. No wallet? No problem. You can buy with just a card. 📲

Presale ends soon and the price is about to jump from $0.01205. Catch it before the tier flips. This could be 2025’s Layer 2 dark horse.

You might also like: Kraken Launches Krak: New Global P2P App to Rival PayPal and Cash App

WazirX Under Fire: ₹342 Crore Payment to Founder-Owned Firm Sparks New Governance Crisis

WazirX is back in the headlines—and not for a good reason.

A spicy detail in Zanmai Labs’ annual report just dropped: a massive ₹342 crore was paid to Qizil21 Software Pvt Ltd, a company owned by WazirX co-founder Nischal Shetty and his wife. That’s up from just ₹28 crore the year before. No explanation. No receipts.

warzix

And that’s not all. Another Shetty-linked company, Shibuya Labs, got ₹35.5 crore one year, then barely ₹2 crore the next. Forensic sleuths say these kinds of money swings often raise red flags—especially when the money’s moving between companies owned by the same fam. 🧾🔍

This comes on the heels of WazirX’s ₹2000 crore hack in 2023, which left thousands of users locked out. Crypto community group TooFAAN Army has been digging deep and now they’re asking the real question: Did money leave user funds before the hack ever happened?

Adding to the mess? Binance’s 2022 plot twist when CEO CZ (Changpeng Zhao) claimed they never actually bought WazirX—even though it was announced back in 2019. Why the backpedal? With these new money trails, it may not have been so random after all.

Even worse, Shetty allegedly told users that unless they agreed with his terms, funds wouldn’t be released until the Binance beef was settled. Meanwhile, ₹342 Cr quietly slid out the back door.

Now, the Enforcement Directorate is circling again, and lawyers say more summonses could hit soon. Under Section 188 of the Companies Act, these payments need to show legit business reasons—or they could trigger money laundering probes.

WazirX was once India’s crypto poster child. Now? It’s looking more like a cautionary tale. With no comments from the team and angry users still waiting for answers, everyone’s wondering: Was the real problem hackers—or something deeper inside?

You might also like: Is the U.S. Planning to Seize Ripple’s XRP Escrow for a National Crypto Reserve?

Exit mobile version