11 Aug 2025, 19:23

Dogecoin Flashes Major Breakout as $0.70 Becomes New Target

Dogecoin is 68.42% far from reaching its ATH, but this might be cleared at once

11 Aug 2025, 19:22

Binance Founder CZ Discusses an Unusual Altcoin: Volatility Skyrocketed, But Price Plummeted

A creative move has taken place in the crypto world. A new altcoin, “ CZ,” has been launched, and the text “ CZ” has been created on the chart using price action. This unusual move was also noticed by Binance founder Changpeng Zhao (CZ). CZ said in a statement on social media, “I never imagined such a use. ” Fiyat hareketi manipülasyonu ile kalp emojisi ve CZ ismi oluşturulan tokenin grafiği. The altcoin in question has witnessed a surge of volatility since CZ's mention. Its market cap is currently around $309,340. It is held by around 1,600 investors. However, with its extremely low liquidity, the altcoin's price action appears to be very risky. Related News: BREAKING: Donald Trump Extends Deadline for Tariffs on China for 90 Days The coin lost 74.45% of its value in just six hours and has fallen by approximately 61% in the last 24 hours. However, the 7-day chart shows a significant 676% increase. CZ's similarly mentioned Test (TST) token lost its intended testing function and became a memecoin. However, such a transformation seems unlikely this time around. *This is not investment advice. Continue Reading: Binance Founder CZ Discusses an Unusual Altcoin: Volatility Skyrocketed, But Price Plummeted

11 Aug 2025, 19:20

Nakamoto CEO David Bailey wants to buy $1 billion worth of Bitcoin

David Bailey, CEO of Bitcoin-native holding company Nakamoto, told his followers on X that he’s finally going to “smash buy $1 billion of bitcoin in a single bid” tomorrow, a long-held personal dream. When asked if he truly planned to spend $1 billion in one go, Bailey said that the number was “generous rounding,” adding that the real figure is closer to $760 million. The gap between those amounts is not small, but Bailey clarified that the gap that led to the “generous rounding” was because of the cutoff since Nakamoto filed its definitive information statement. Bailey stirs the crows ahead of a chunk BTC buy Bailey’s post on Monday read: “Ever since getting into Bitcoin I’ve always had this dream of smash buying $1b of bitcoin in a single bid. Tomorrow that dream comes true.” The message quickly spread among Bitcoin circles, stoking speculation that Nakamoto might be preparing a major accumulation event. Bailey has been counting down to August 11 on his X account, although he later extended it by one day, with various posts detailing Nakamoto’s strategy to become one of the leading companies to acquire Bitcoin globally, as he believes it will become the most valuable asset in human history. Following his post about smash buying $1 billion worth of Bitcoin, he posted this: “We have a one-of-a-kind strategy at Nakamoto, once you see it in action you’ll understand why we’ll be one of the top holders of Bitcoin in the world. We’re building a Bitcoin juggernaut.” However, his response to a comment on his initial tweet about his current fiat liquidity has stirred up divisive conversations on the timeline. It’s not the first time Bailey has blended serious Bitcoin advocacy with trolling flair. The long-time industry figure, who has been involved in Bitcoin media and advocacy for years, frequently uses social media to draw attention to his projects. The birth of Nakamoto Bailey’s Nakamoto is a Bitcoin-native holding company created earlier this year through a merger with Nasdaq-listed KindlyMD. The combined entity has been pitched as a public-facing Bitcoin treasury business, with plans to accumulate BTC and explore yield strategies for shareholders. As part of the deal, the company announced it had secured up to $710 million in capital commitments to fund its accumulation strategy. The move to merge with KindlyMD also enables Nakamoto to tap public markets and trade under a new ticker, positioning itself alongside other Bitcoin-heavy balance sheet companies such as Strategy (formerly MicroStrategy). The actual “smash buy” comes at a moment when Nakamoto is actively building visibility after its post-merger rollout. In that sense, even a $760 million buy, framed as a billion-dollar dream, is in keeping with the company’s approach, which is BTC accumulation. Tomorrow’s purchase will bring a close to a countdown that has been ongoing for over 14 days, and its impact on the market tomorrow will be well documented. Bailey’s Nakamoto is actively walking the path cut by Strategy’s Michael Saylor, who Bailey has hailed as the “greatest of all time,” visionary, and one-of-one, without whose leadership and encouragement, Nakamoto would not be happening. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

11 Aug 2025, 19:17

Sui Price Falls 4% as Heavy Selling Pressure and Long Liquidations Hit Market

Sui’s ( SUI ) price plunged 4% over the past 24 hours after experiencing substantial market volatility overnight, CoinDesk Analytics data shows. The token’s price fluctuated $0.28, or approximately 7%, between session highs of $3.98 and lows of $3.69. The digital asset initially demonstrated strength, advancing from $3.88 to $3.98 with institutional volume exceeding 18 million units, before encountering significant resistance at the $3.97 to $3.98 level where corporate selling pressure intensified. Trading volume then saw a dramatic reversal, characterized by exceptional trading volume of 35.3 million units, establishing a critical support threshold near $3.71 to $3.72 where institutional buyers attempted to defend valuations. The session concluded at $3.69, representing a 5% decline from opening levels, suggesting continued bearish sentiment among corporate investors despite established support mechanisms. SUI’s derivatives market also saw a wave of long positions unwind, with open interest falling 15% to $1.79 billion, according to CoinMarketCap. Funding rates — which influence the cost of holding leveraged long positions — dropped to 0.0083%, down sharply from their July peak of 0.075%. The decline in rates reduced the incentive for traders to maintain bullish leveraged bets, signaling a cooling in market sentiment. SUI is underperforming the broader crypto market as measured by the CoinDesk 20 Index , which is flat over the past 24 hours. Despite a rough past 24 hours, the token is still up about 5% over the past seven days and 9% over the past month as several positive developments caught investor’s eyes last week. Swiss digital asset bank Sygnum expanded its offerings to include custody, trading and lending products tied to the blockchain for its institutional clients on Friday. Earlier that week, another Swiss institution, Amina Bank, said it had started offering both trading and custodial services for SUI. SUI’s month-long rally may be prompting some investors to lock in gains, adding to selling pressure in the market. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy .

11 Aug 2025, 19:16

Bullish, backed by Peter Thiel, raised its IPO size to $990 million

Bullish, the crypto exchange backed by billionaire Peter Thiel, has boosted the size of its planned initial public offering and raised its pricing ambitions, according to a filing with the Securities and Exchange Commission on Monday. The company now aims to raise $990 million by selling 30 million shares priced between $32 and $33 each, giving it a targeted valuation of about $4.8 billion. This is a sharp step up from last week’s plan to sell 20.3 million shares at $28 to $31 apiece for a $4.2 billion valuation. Chief executive Tom Farley, who previously served as president of the New York Stock Exchange, is leading the push to bring Bullish to Wall Street. The company has given its underwriters (JPMorgan, Jefferies, and Citigroup) a 30-day option to sell another 4.5 million shares if demand is strong. Bullish stock will trade on the NYSE under the ticker BLSH once the deal closes. Interest from large investors is already on the table, with BlackRock and Cathie Wood’s ARK Investment Management indicating they could purchase up to $200 million worth of the offering. Bullish joins busy crypto IPO pipeline amid rising market activity Bullish, which also owns crypto news platform CoinDesk, is part of a fresh wave of crypto companies entering the public market. The recent run in valuations and trading activity has been helped by stronger investor sentiment and clearer regulatory backing from Washington. In June, stablecoin issuer Circle completed its IPO . In May, Mike Novogratz’s Galaxy Digital shifted its listing to the Nasdaq, and trading app eToro also began trading publicly. The list of pending entries is growing. Crypto custody firm BitGo has confidentially filed for a U.S. listing, and Gemini, run by Tyler and Cameron Winklevoss, is preparing for one as well. The momentum for these listings is building alongside a rally in cryptocurrencies. Bitcoin is now close to its all-time high after an overnight move higher, trading at $119,782, up 1%, while Ether is at $4,181, down 1.6% after hitting its highest level since December 2021 on Sunday. On Friday, Ether crossed $4,000 for the first time since that month. The rally has spilled into equities. U.S. stock futures rose earlier as investors waited for new inflation numbers, with the broader market sitting near record levels. Shares of Coinbase climbed more than 5%, Circle gained 3%, and Galaxy Digital added 8%. Strategy, a listed proxy for bitcoin, rose more than 4%. Mining companies Mara Holdings, Riot Platforms, and Iren each advanced more than 3%. Debt growth, Asian buying, and Ether-linked gains drive momentum Some traders had expected a slowdown in August, a month that’s typically weak for crypto, after the hot run in the second quarter. Instead, the market has stayed active, with much of the buying coming during Asia’s trading hours. Markus Thielen, CEO of 10x Research, linked the move to the rapid expansion of U.S. debt. He pointed to President Donald Trump’s early July signing of the Big Beautiful Bill, which included a $5 trillion debt ceiling increase, as the key moment that pushed bitcoin out of its trading range. “Bitcoin’s breakout isn’t random, it’s being fueled by the fastest U.S. debt expansion in history and that momentum isn’t slowing down,” Thielen said. He added that the $133,000 level is now the next major test for the market and that both strong and weak economic conditions could keep demand high for bitcoin and gold. Ether-related stocks have also rallied. Bitmine Immersion Technologies jumped 25% on Monday after gaining almost the same on Friday. SharpLink Gaming rose 11%. Data from SoSoValue shows Ether exchange-traded funds brought in $326.83 million in inflows last week, topping bitcoin ETF inflows of $246.75 million. The crypto market’s gains put it within striking distance of previous records. Bitcoin is about 3% below its July 14 all-time high, while Ether remains 14% below the peak it set in November 2021. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

11 Aug 2025, 19:13

Chainlink Partners with ICE to Bridge Forex and Metals Data into Onchain Finance

Chainlink Taps ICE’s Market Data for Onchain Finance In a groundbreaking development , blockchain oracle Chainlink has teamed up with Intercontinental Exchange (ICE), a Fortune 500 company behind the New York Stock Exchange. This partnership aims to bring real-time forex and precious metals data into decentralized finance (DeFi), closing the gap between traditional financial markets and blockchain-based solutions. ICE’s Market Data Powers Chainlink’s Blockchain Infrastructure Announced on August 11, the collaboration integrates ICE’s Consolidated Feed, which aggregates data from over 300 global exchanges, into Chainlink’s Data Streams network. This integration will supply institutional-grade forex and metals pricing to decentralized applications (dApps) and blockchain-based services, marking a major leap for the DeFi ecosystem. Maurisa Baumann, Vice President of Global Data Delivery Platforms at ICE, highlighted the significance of the partnership, emphasizing how ICE’s data is trusted by financial institutions around the world. The data provided will enhance the reliability of decentralized markets, making them more attractive to institutional investors. A Milestone for Onchain Finance and Tokenized Asset Markets This partnership addresses one of DeFi’s most critical challenges: the need for accurate, institutional-grade pricing for real-world assets. The integration of ICE’s high-quality forex and precious metals data into Chainlink’s infrastructure could signal a turning point for tokenized assets. As the demand for tokenized real-world assets grows, projections suggest that this market could reach $30.1 trillion by 2034. However, tokenized assets currently trail traditional financial products, with a market size of just $25.75 billion. This disparity reflects the cautious stance of institutions, which require blockchain infrastructure that meets their rigorous standards. Fernando Vazquez, from Chainlink Labs, called the partnership a “watershed moment” that could spur the transition of mainstream assets onto the blockchain.