Anmol Khatiwada, Author at Bitmala

Mantle (MNT) Price Surges 24% to Reclaim $1 — Can the Rally Last?

Mantle (MNT) has surged more than 24% in the past 24 hours, reclaiming the $1 mark amid renewed optimism for the Mantle Network’s infrastructure growth. The rally comes after the project’s X account highlighted improved synergies with Bybit and other ecosystem partners, alongside Co-Founder Ben Zhou’s vision for Mantle Network 2.0.

Adding to bullish sentiment, the Mantle Ecosystem noted strong market performance from DeFi projects such as Pendle (PENDLE), which recently re-entered the top 10 on DefiLlama’s TVL rankings.

On the daily chart, MNT’s breakout above its $0.9290 resistance has pushed prices to $1.08, but the pattern now forms a rising wedge — typically a bearish signal. The Relative Strength Index (RSI) sits at 75.61, indicating overbought conditions.

In a bullish scenario, sustained momentum above $1.1050 could see MNT target $1.21, with potential upside to $1.30. However, if sellers regain control, the price could retreat to $0.9290 or $0.8540, with extreme bearish pressure pushing it toward $0.7550.

Traders are watching closely to see if MNT can hold above $1, as a pullback may be likely given current technical signals.

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Safety Shot Teams Up with BONK Memecoin in $25M Token Deal, Stock Plunges 50%

Safety Shot, Inc., a wellness drinks company, has announced a bold shift in strategy by partnering with the founding contributors of the BONK memecoin. Under the agreement, Safety Shot will receive $25 million worth of BONK tokens and issue $35 million in convertible preferred shares.

The move follows a debt-clearing effort, leaving the company with over $15 million in cash. Dominari Securities, LLC, is acting as sole financial advisor.

Safety Shot chose BONK—built on the Solana blockchain—for its speed, low fees, and deflationary token burn mechanism, distinguishing it from rivals like Shiba Inu (SHIB), Pepe (PEPE), and Dogecoin (DOGE). BONK boasts nearly $2 billion in market cap and over 980,000 holders.

CEO Jarrett Boon described the partnership as the first step in a broader digital asset strategy. However, investor reaction was harsh—Safety Shot’s stock plunged more than 50% to $0.56 in after-hours trading.

The company joins other public firms exploring memecoin treasuries, including GD Culture Group’s $300M crypto reserve plan and Thumzup Media’s $250M crypto portfolio move.

Despite this trend, the memecoin sector is down 25% year-to-date, with BONK itself sliding 11.37% in the past day to $0.00002490.

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Ethereum Targets $4,811 as Inflation Data, ETF Inflows Fuel Rally

Ethereum (ETH) is gaining bullish momentum, now trading at $4,409.12 after a 5.4% daily jump, fueled by favorable U.S. inflation data and record spot ETF inflows. July’s Consumer Price Index rose 2.7% year-over-year, below the 2.8% forecast, increasing the odds of a September Fed rate cut to 82.5% and sparking demand for cryptocurrencies.

On August 12, U.S. spot Ethereum ETFs saw over $1 billion in inflows, with BlackRock’s ETHA alone recording $639 million in a single day. This pushed total ETH ETF assets under management to $19.2 billion—a 58% monthly rise. Sosovalue data shows ETFs now hold $25.71 billion in ETH, representing 4.77% of the asset’s market cap.

Technical analyst Javon Marks notes ETH has rallied 261% since breaking a long-term resistance, with $4,811.71 as the next target—just under 10% away. The recovery follows a 2022-2023 downtrend, with 2024 seeing multiple resistance breakouts.

However, hacker activity poses risks. The Infini Exploiter sold 1,771 ETH for $7.44M, while the Radiant Capital Exploiter offloaded 3,091 ETH for $13.26M. Despite these sales, strong institutional demand and favorable macro trends suggest ETH could still climb toward $4,811 in the short term.

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Pendle (PENDLE) Breaks $5 Resistance with 20% Surge — Eyes $6 Next?

Pendle (PENDLE) has surged impressively in the last 24 hours, breaking the critical $5 resistance level with a 20%+ price jump fueled by heavy trading volume. The token’s current price stands at around $5.315, marking a significant bullish breakout for traders and investors alike.

The trading volume has increased by over 240%, signaling strong buyer interest. Technical indicators support this momentum — the Bollinger Bands show expansion, suggesting increased volatility and bullish potential, while the price has found support at the 20-day Simple Moving Average (SMA) around $4.36.

The MACD line crossing above its signal line further hints at a bullish crossover, aligning with the rising volume. Immediate support for Pendle now sits at $5.00, with secondary supports at $4.50 and $4.00. These levels are important for maintaining the bullish trend.

To push further toward $6, Pendle must maintain its current momentum and close cleanly above the $5.50 mark. If buyers stay strong, the next key target is $6, last seen in late 2024. Traders should watch volume closely as it will be critical to sustaining this upward trend.

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Rumble Eyes $1.17B Acquisition of Northern Data to Boost AI Cloud Presence

Rumble is negotiating to acquire Germany-based Northern Data for about $1.17 billion, a move that could transform the video-sharing platform into a global AI cloud powerhouse. Northern Data operates high-capacity GPU data centers and has a market value of $1.7 billion.

The deal would add Northern Data’s Taiga GPU platform—with over 22,000 Nvidia H100 and H200 GPUs—and five data centers, boosting its AI cloud services dramatically. One data center in Georgia alone could provide up to 180 MW of power once completed.

The acquisition is backed by Tether, which owns over half of Northern Data and has invested heavily in Rumble. Tether plans to exchange its Northern Data shares for Rumble stock and become a major GPU customer, reinforcing its tech sector footprint.

Before moving forward, it must complete due diligence, secure board approval, and obtain regulatory clearances. Northern Data is also selling its bitcoin mining business, Peak Mining, a condition Rumble wants before closing the deal.

If completed, this deal would shift Rumble from a niche video platform into a significant player in AI, cloud computing, and data privacy—positioning it to compete with major tech firms globally.

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SharpLink Gaming to Raise $400M More, Boost Ethereum Holdings Beyond $3B

SharpLink Gaming announced plans to raise an additional $400 million by selling shares directly to five major global institutional investors. This move will significantly boost the company’s Ethereum holdings, pushing their total value beyond $3 billion.

As of August 10, 2025, SharpLink already holds about 598,800 Ether (ETH) and has $200 million from a previous fundraising round that remains unused. Earlier on August 8, the company secured $200 million in stock deals at $19.50 per share with four large institutional investors, aiming to increase its ETH holdings above $2 billion.

Co-CEO Joseph Chalom emphasized that raising nearly $900 million in one week showcases strong investor confidence in SharpLink’s strategy of holding Ethereum. He highlighted growing market belief in Ethereum’s potential to disrupt industries worldwide.

The new $400 million deal is priced at $21.76 per share and is expected to close on August 12, 2025, pending standard regulatory approvals. The offering is conducted under a U.S. SEC-approved registration.

SharpLink’s shares (SBET) recently closed at $23.92, with after-hours trading pushing prices higher. At the same time, Ethereum trades near $4,183, reflecting a market cap of over $504 billion.

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Stellar (XLM) Soars 15% After Ripple SEC Case Ends — Eyes $0.51 Next

Stellar (XLM) has made a strong comeback, surging 15% in just 12 hours from $0.40 to $0.4644 after the U.S. SEC officially dropped its lawsuit against Ripple. The news, announced late Thursday, sparked a breakout for XLM as trading volume soared past $1.1 billion in 24 hours.

Just a day earlier, XLM was struggling near $0.41. Now, with a market cap of $14.5 billion, the token is back in the crypto top 20, setting sights on the next resistance at $0.51. The $0.45 level has flipped into strong support, signaling that bulls are firmly in control.

The move comes after weeks of consolidation between $0.39 and $0.42. Stellar and Ripple share deep ties—both co-founded by Jed McCaleb—so developments for one often impact the other. With Ripple gaining legal clarity, Stellar is riding the momentum.

Adding fuel to the rally is Stellar’s upcoming Protocol 23 mainnet vote on September 3. If approved, it will bring smart contract capabilities and improved tokenized asset features, aligning with institutional adoption trends.

If XLM maintains current momentum and Bitcoin stays steady, a push toward $0.51 or even $0.54 is possible in the short term. The weekend’s follow-through volume will be key.

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El Salvador Plans Bitcoin-Only Banks to Boost Financial Access

El Salvador is preparing to launch Bitcoin-only banks, furthering President Nayib Bukele’s ambitious adoption strategy. ONBTC confirmed the move on X, calling it a major step for the “Bitcoin country.”

While details remain scarce, the idea is to create banks that operate primarily with Bitcoin, potentially revolutionizing access to financial services. Nearly 70% of Salvadorans are currently unbanked, and BTC-based banking could offer them new opportunities for savings, payments, and loans.

The initiative is linked to Bukele’s earlier Bank for Private Investment (BPI) proposal, which aims to allow banks to operate under lighter regulations, partner with foreign institutions, and handle larger loans. BPIs would require at least $50 million in capital and two shareholders, with the option to register as its service providers.

Supporters like Max Keiser and Cathie Wood see this as a potential boost for the nation’s economy, while the IMF warns about Bitcoin’s volatility and lack of consumer safeguards.

Since legalizing it in 2021, El Salvador has launched the Chivo wallet, issued Bitcoin bonds, and invested in geothermal-powered BTC mining. With reserves now worth $747 million and its July high of $123K, the country is doubling down on becoming a global crypto hub.

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Ethereum Price Eyes $4,350 as Bulls Defend $4K Support — Key Levels to Watch

Ethereum (ETH) is riding a wave of bullish momentum, surging 3.46% in a single day to briefly touch $4,045 before facing a minor pullback. The second-largest cryptocurrency now stands firm above the key $4,000 psychological mark, sparking optimism among traders and investors.

The $4,045 level is a crucial resistance zone, previously acting as a strong barrier during the market correction in late 2024. Should ETH sustain above $4K, immediate support levels lie at $3,760 and $3,500, offering potential entry points for bullish traders in case of a dip.

Technical indicators signal a strong uptrend. The Relative Strength Index (RSI) sits at 69.01, approaching overbought territory but still reflecting robust buying pressure. Meanwhile, the MACD line (183.98) remains above the signal line (175.01), reinforcing bullish sentiment despite ongoing volatility.

If Ethereum breaks above $4,050, the next target could be $4,350 in the coming week. However, failure to hold $4K might trigger a swift correction toward $3,760. In this pivotal moment, market participants are closely watching whether ETH will extend its rally or face a short-term reversal.

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Conflux (CFX) Price Skyrockets 200% Amid Tree-Graph 3.0 Hype and Bullish Chart Pattern

Conflux (CFX) has captured the crypto spotlight with a massive 200% rally, propelled by the rollout of its Tree-Graph 3.0 upgrade. The token now trades around $0.22, showing signs of forming a bull flag—a chart pattern that often hints at a continuation of bullish momentum.

The price action began in early July from a strong support at $0.0915 and has climbed rapidly since. With CFX testing resistance near $0.2508 (upper Bollinger Band), technicals suggest both opportunity and risk. The MACD indicator shows fading bullish strength as the histogram declines, hinting at a possible short-term pullback.

If CFX dips, immediate support lies around $0.1962, followed by a lower level at $0.1732. However, a decisive break above $0.2299 could propel the token past $0.2572 and even toward $0.28 in the coming days.

Trading volume has dipped slightly, which often precedes a consolidation or a reversal. Yet, renewed volume could reignite the rally. For now, all eyes are on whether this bull flag confirms an explosive breakout—or if the price correction is about to start.

CFX traders are walking a tightrope: bullish continuation or looming fade?

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