Tag: Blockchain

ARK Invest Doubles Down on Crypto Stocks With $37M Bet Despite Market Slump

ARK Invest Buys $21M Bullish (BLSH) and $16M Robinhood (HOOD) Stocks

Cathie Wood’s ARK Invest has doubled down on crypto-linked stocks, snapping up Bullish and Robinhood shares even as the sector faces steep declines.

According to Tuesday’s trade disclosures, ARK Innovation ETF (ARKK) picked up 356,346 shares of Bullish worth $21.2 million and 150,908 shares of Robinhood valued at $16.2 million. The move follows ARK’s massive $172 million Bullish buy last week, signaling unwavering confidence in the company after its high-profile NYSE debut.

ARK Invest Keeps Buying Despite the Dip

ARK has been aggressively adding Robinhood stock for three straight sessions, grabbing $14 million worth on Monday and another $9 million last Friday. This marks a sharp reversal from 2024, when ARK was forced to sell Robinhood holdings due to SEC exposure limits.

But the timing is bold. On Tuesday, Bullish fell 6.09% to $59.51 (down another 3.24% after hours) while Robinhood slipped 6.54% to $107.50 with further post-market losses.

Crypto Equities Face Sector-Wide Pressure

The buys come during a broad crypto-equity sell-off. Major players like Coinbase, Galaxy Digital, MicroStrategy, and Circle also posted heavy losses. The Nasdaq Composite slid 1.46%, reflecting fading optimism after last week’s rate-cut hype.

For Cathie Wood, however, the pullback looks like a buying opportunity. ARK’s latest moves suggest the firm is betting big on a long-term rebound in crypto and fintech stocks.

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KindlyMD Buys 5,743 Bitcoin Worth $679M After Merger

KindlyMD has purchased 5,743 Bitcoin worth $679M after its merger, marking its entry into corporate BTC treasury management through Nakamoto Holdings.

KindlyMD Buys 5,743 Bitcoin Worth $679M After Merger

Salt Lake City-based healthcare provider KindlyMD, Inc. (NASDAQ: NAKA) has entered the crypto space with a massive first purchase of Bitcoin, acquiring 5,743 BTC worth $679 million.

The acquisition was carried out by its wholly-owned subsidiary, Nakamoto Holdings, and represents the company’s first major move since completing its recent merger.

Details of the BTC Acquisition

According to the press release, the deal was completed at an average price of $118,204.88 per BTC, totaling $679 million.

The purchase was funded through Private Investment in Public Equity (PIPE) financing, ensuring a strong capital base without relying on debt.

CEO’s Vision: BTC as a Corporate Reserve Asset

KindlyMD CEO and Chairman David Bailey highlighted the company’s conviction in Bitcoin:

“This acquisition reinforces our conviction in BTC as the ultimate reserve asset for corporations and institutions alike.”

Bailey also unveiled a long-term goal to accumulate one million BTC as part of its new treasury strategy, positioning Bitcoin as central to the future of global finance.

Nakamoto BTC Treasury Program

The purchase was made under KindlyMD’s Nakamoto BTC Treasury program, designed to provide a transparent and reliable vehicle for institutional Bitcoin storage.

This move aligns with a growing corporate trend where firms add BTC to their balance sheets as a store of value and hedge against market volatility.

Industry Context

KindlyMD joins other major corporate players that view BTC as a strategic asset. Notably, Strategy Inc., which pioneered this trend, now holds over 600,000 BTC worth $53.5 billion, according to Arkham.

By combining its healthcare services expertise with a bold Bitcoin treasury strategy, KindlyMD positions itself as both a healthcare provider and a financial innovator in the evolving digital asset space.

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Breaking ! Ethereum Faces Sell Pressure from Foundation Wallet, Bulls Eye $10K

Ethereum slips after a Foundation-linked wallet sold $33M ETH, but strong institutional demand and bullish technicals keep optimism alive.

Ethereum Faces Sell Pressure from Foundation, Yet Bulls Persist

Ethereum is under pressure this week as a Foundation-linked wallet sold thousands of ETH, sparking concerns among traders. Despite this, strong institutional accumulation and bullish technical patterns are keeping long-term optimism intact.

Foundation Wallet Sells $33M ETH

Blockchain tracker Lookonchain flagged wallet 0xF39d, tied to the Ethereum Foundation, for offloading 7,294 ETH ($33.25M) in just three days at an average of $4,558.

  • August 13: Sold 2,795 ETH
  • August 15: Sold 1,300 ETH ($5.87M)
  • Three-day total: 6,194 ETH at ~$4,578 average

Notably, the same wallet previously purchased 33,678 ETH in 2022 for $1,193 each, showing a history of smart accumulation and timing.

Ethereum trades at $4,412.54, down 0.32% on the day.

Market Drivers Add Volatility

The selloff coincided with U.S. inflation data that beat expectations. July’s PPI rose 3.3% YoY, cooling hopes of Federal Reserve rate cuts. At the same time, the U.S. Treasury confirmed it has no immediate plans to add BTC or ETH to reserves, further dampening sentiment.

Still, institutional demand balanced the selling:

  • SharpLink Gaming added 130,000 ETH, lifting its holdings to 728,804 ETH ($3.38B).
  • BitMine bought 28,650 ETH (~$130M), raising its stash to 1.17M ETH ($5.1B).

Technicals Point to Bullish Setup

Crypto analyst Ether Wizz highlighted that ETH’s current structure mirrors its 2017 rally. Back then, ETH consolidated before breaking its 50-week SMA, triggering a major bull run.

The same pattern is emerging in 2025, with ETH holding above its moving average. Wizz forecasts a run to $10,000 this cycle, stating:

“It is a crime to believe that ETH has topped.”

Outlook

While Ethereum faces short-term pressure from Foundation-linked sales, the combination of institutional accumulation and technical strength suggests the long-term uptrend remains intact.

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Insane ! Pi Hackathon 2025 Opens Registration with 160K Pi in Prizes

Pi Network opens registration for Pi Hackathon 2025 with a 160K Pi prize pool. Developers can compete until October 15 to build utility-focused apps for the Pi ecosystem.

Pi Hackathon 2025 Registration Opens with 160K Pi Prize Pool

Pi Network has officially opened registration for Pi Hackathon 2025, offering a massive 160,000 Pi prize pool to developers building apps for the ecosystem. The event, organized by the Pi Core Team, began registrations on August 15 and will officially kick off on August 21.

Participants will have until October 15 to submit their projects, with a midpoint check on September 19 for progress reviews and feedback.

160K Pi Prize Pool and Rewards

The prize pool of 160,000 Pi will be shared among up to eight winning teams:

  • 🥇 1st Prize: 75,000 Pi
  • 🥈 2nd Prize: 45,000 Pi
  • 🥉 3rd Prize: 15,000 Pi
  • 🎖 Honorable Mentions: Up to five teams will receive 5,000 Pi each

Rewards will only be distributed to participants who pass Pi’s KYC verification.

How to Participate

Teams can include unlimited members, and projects will be judged on:

  • Utility (real-world use cases for Pi)
  • User experience & design
  • Accessibility for everyday people
  • Value to the Pi community

Developers are encouraged to use:

  • Pi App Studio
  • Brainstorm app
  • Developer Portal
  • AI tools to speed up app creation

The Pi Core Team emphasized:

“We’re looking for creative, utility-focused web apps that address real user needs, support the use of Pi cryptocurrency, and are intuitive and accessible.”

Submission Requirements

All projects must be uploaded to the Pi Developer Portal and include:

  • An official submission form
  • A demo video showcasing the app
  • Optionally, developers can use the PiOS license to make their work open-source for collaboration.

Outlook

The hackathon represents Pi Network’s push toward expanding its ecosystem with utility-driven apps that go beyond mining. With significant rewards and open participation, Pi Hackathon 2025 is set to spotlight real-world use cases for Pi cryptocurrency.

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7 Reasons Ethereum: South Korean Investors Are Betting Big on Ethereum Stocks Over Big Tech

South Korean Investors Dump Big Tech for Ethereum Stocks

South Korean retail investors are switching up their portfolios, ditching major U.S. tech names like Tesla, Apple, and Alphabet in favor of Ethereum (ETH)-related stocks — and the numbers show it’s not just a passing trend.

Why BitMine is the Hot Pick

The biggest winner in this shift? BitMine Immersion Technologies (BMNR) — a U.S.-listed firm backed by billionaire Peter Thiel. Once a Bitcoin miner, BitMine now focuses entirely on Ethereum and holds an impressive $5.32B worth of ETH, making it the largest corporate ETH holder in the world. It’s even hinted at issuing up to $20B in stock to buy more ETH.

Since early July, Korean investors have poured roughly $259–269M into BitMine shares, making it Korea’s most popular foreign stock. The buzz is fueled by the recently passed GENIUS Act, which gives stablecoins a clearer legal framework, boosting ETH sentiment. The fact that BitMine’s chairman, Tom Lee, has Korean heritage adds an emotional pull for local buyers.

Other ETH-related stocks are riding the wave too — Robinhood, Coinbase, and SharpLink Gaming (which holds over 728,800 ETH) are all seeing major demand. SharpLink’s stock alone has skyrocketed over 126% since July.

Big Tech on the Chopping Block

Meanwhile, Korean investors are offloading their “Magnificent Seven” holdings — dumping $770M in Tesla shares, $230M in Apple, and $177M in Alphabet last month. High valuations, underwhelming earnings, and uncertainty over U.S. tariffs under President Donald Trump are pushing them away from U.S. tech.

Experts think the Ethereum-stock craze could continue short term, but warn that global economic instability might slow overall foreign stock purchases.

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5 Insane Reasons DeepSeek’s R2 Delay Shows Huawei Chips Aren’t Ready Yet

China’s AI scene just hit a speed bump. DeepSeek, the AI company behind the R1 model that dropped in January, had been hyping its next-gen R2 — but now it’s officially delayed. The reason? Huawei’s chips couldn’t handle the full training process.

Beijing wanted DeepSeek to use Huawei’s Ascend processors instead of Nvidia’s GPUs to cut U.S. tech reliance. Sounds good on paper, but in practice, training R2 on Ascend hit technical walls — instability, slow inter-chip connections, and weaker software compared to Nvidia’s gear.

So, DeepSeek had to pivot: Nvidia chips for training, Huawei chips for inference (the part where AI actually answers questions). This workaround meant pushing the R2 launch from its original May target.

DeepSeek’s Tough Reality Check

Huawei even sent engineers to help make Ascend work, but the model still wouldn’t train properly. On top of that, labeling the massive dataset for R2 took longer than expected. Meanwhile, rivals like Alibaba’s Qwen3 are already shipping powerful new models — and ironically, Qwen3’s training methods borrow ideas from DeepSeek itself.

AI experts say it’s only a matter of time before Chinese chips can compete for training tasks, but for now, U.S. GPUs still rule. Nvidia even struck a deal with the U.S. government to share China profits in exchange for selling its H20 chips there again.

DeepSeek might still drop R2 in the coming weeks, but the delay shows one thing loud and clear — in the AI arms race, hardware bottlenecks can be just as critical as algorithms.

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3 Insane Reasons Pump.fun’s $33M Buyback Is Sending PUMP Token Skyrocketing

Pump.fun’s $33M buyback pushes PUMP token up 15% in 24 hours, reinforcing its lead in the Solana memecoin launchpad space.

It just gave the PUMP token community a reason to celebrate. The Solana-based memecoin launchpad has pulled off a massive buyback spree, snapping up $8.42 million worth of PUMP in the past week alone. That’s a huge 97.29% of its weekly revenue — and it’s working. The token price spiked over 15% in 24 hours, trading at $0.004053 according to CoinMarketCap.

This isn’t a one-off move either. Since the program began, Pump.fun has bought back a total of $33.61 million in PUMP, cutting into the circulating supply. That’s roughly 0.741% of its whopping 1 trillion total tokens — and the scarcity effect is real.

Pump.fun’s Memecoin Domination

Pump.fun isn’t just playing defense. On August 11 alone, it launched 26,836 new tokens, grabbing a 73.6% market share of all memecoins created that day, according to Dune Analytics. This puts it way ahead of rivals like LetsBonk and Bags, cementing its position as the go-to platform for memecoin creators on Solana.

Buybacks aren’t new in finance both stock and crypto markets have used them to prop up value for decades. But Pump.fun’s aggressive approach has caught analysts’ eyes, with some saying PUMP could break through higher resistance levels if the momentum holds.

For now, Pump.fun is turning the “memecoin wars” on Solana into its personal victory lap and if they keep this up, PUMP might just be the token to watch in 2025.

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5 Wild Facts About Metaplanet’s Insane 468% Bitcoin Yield in 2025

Metaplanet posts a staggering 468% Bitcoin yield in Q2 2025, becoming Asia’s biggest BTC holder and Japan’s only public company offering regulated Bitcoin exposure.

Metaplanet just dropped some jaw-dropping Q2 2025 numbers — and they’re not just good, they’re next-level. The Tokyo-based company pulled off a 468.1% year-to-date yield from its Bitcoin holdings, smashing the 7.2% gain of Japan’s TOPIX Core 30 index, which tracks giants like Toyota and Sony.

The firm now holds 18,113 BTC after buying an extra 518 Bitcoin this quarter, making it the 6th largest Bitcoin holder in the world and the biggest in Asia, according to Bitcoin Treasuries. That’s a huge leap considering they only started stacking BTC in April 2024 when they went full “Bitcoin Standard.”

Metaplanet’s Bold Bitcoin Strategy

This isn’t a passive “buy and hope” situation — Metaplanet has raised 242.4 billion yen in 2025 alone to keep stacking sats. The company’s market value has exploded more than 100x since adopting Bitcoin, and shareholder count has skyrocketed by 1,000% to 128,000 people in just one year.

Their Bitcoin Income Generation plan, launched late 2024, is now the backbone of the business, bringing in 91.2% of total revenue. The rest? Hotels and media. But let’s be real — Bitcoin’s the star here.

With total BTC buys costing 270 billion yen at an average of ¥14.93M ($101K) each, they’ve already added 8,248 BTC worth 146.9 billion yen this year alone. And they’re not slowing down — the goal is a jaw-dropping 210,000 BTC by the end of 2027.

Metaplanet is now Japan’s only publicly listed, fully regulated Bitcoin play — and in 2025, it’s dominating Asia’s crypto scene.

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7 Reasons Bullish’s $1.1B NYSE IPO Is a Massive Win for Crypto

Bullish raises $1.1B in its NYSE debut, securing a $5.4B valuation and strong institutional backing as crypto IPO momentum accelerates.

Bullish just dropped a huge announcement their New York Stock Exchange debut pulled in a massive $1.1 billion after pricing 30 million shares at $37, well above the original $32–$33 target range. That pricing move gives them a $5.4 billion valuation and puts them officially on the NYSE under ticker BLSH starting August 13, 2025.

The IPO wasn’t just good, it blew past expectations. Earlier this week, Bullish aimed for $990 million, but investor demand was so strong that they smashed through that goal during final pricing. Institutional giants like BlackRock and ARK Invest are already in for up to $200 million worth of shares, and big banks JPMorgan, Jefferies, Citigroup — led the underwriting.

Why Bullish’s NYSE Leap Matters

This isn’t just about raising cash it’s about staking a claim in the growing list of publicly traded crypto companies. Bullish had a failed SPAC attempt back in 2022, but this comeback move, starting with a confidential SEC filing in June and a public registration in July, shows they’ve been playing the long game.

The IPO also reflects a major vibe shift in U.S. crypto markets. Pro-crypto policies under the Trump administration, like the recently signed GENIUS Act, and a rebound in digital asset prices have created perfect conditions for companies like Bullish to step into the spotlight.

With this raise, Bullish now has the fuel to expand its exchange platform and possibly set a benchmark for future crypto IPOs in the U.S.

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Ethereum Eyes $4,811 as ETF Inflows Smash Records and Inflation Cools

Ethereum surges 5.4% to $4,409 as cooling U.S. inflation sparks ETF inflows over $1B, with analysts targeting $4,811 amid technical breakout momentum.

ETH ETF Inflows Drive Price Towards $4,811

Ethereum is riding a bullish wave as U.S. inflation data and record ETF inflows push the crypto closer to its next big price milestone. July’s Consumer Price Index rose 2.7% YoY, slightly below the 2.8% forecast, boosting the odds of a September Fed rate cut to 82.5%. That macro optimism has lit up risk assets — and Ethereum is soaking it in.

As of now, ETH trades at $4,409.12, up 5.4% in the last 24 hours, with a hefty $47.9B in trading volume. The real kicker? U.S. spot Ethereum ETFs pulled in over $1 billion on August 12 alone, led by BlackRock’s ETHA smashing a $639M single-day record. Total ETH ETF AUM hit $19.2B, a 58% monthly surge.

Ethereum ETF Inflows Signal Big Moves Ahead

Crypto analyst Javon Marks points out ETH has rallied 261% since breaking a long-term resistance, now aiming for $4,811.71 — just under 10% higher from here. The breakout follows a recovery from the brutal 2022–2023 downtrend.

But the rally isn’t without risk. On-chain sleuth Spot On Chain spotted the Infini Exploiter selling 1,771 ETH for $7.44M DAI, and the Radiant Capital Exploiter offloading 3,091 ETH for $13.26M DAI. Both still hold large stolen stashes.

With macro tailwinds, ETF demand, and bullish charts, Ethereum’s path to $4,811 looks solid — as long as whales and hackers don’t rock the boat.

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