12 Aug 2025, 09:00

Safety Shot Stock Crashes on BONK Treasury Move

The Solana meme coin was praised by the company for its speed and low fees compared to rivals like Shiba Inu, PEPE, and Dogecoin. Despite clearing debt and holding $15 million in cash, the move attracted a sharp negative reaction from investors, who sent shares to $0.56. Safety Shot Shares Dive Shares of Nasdaq-listed drinks maker Safety Shot plunged 50% after the company revealed plans to purchase $25 million worth of the Bonk meme coin as part of a new treasury strategy. The move was announced on Monday, and it includes a strategic alliance with Bonk’s founding contributors that is aimed at deeply integrating the firm into the meme coin’s ecosystem. Announcement from Safety Shot Safety Shot described Bonk as having “clear and distinct advantages” over rival tokens, due to the Solana-based coin’s high-speed, low-cost transactions compared to the higher fees and slower speeds of Shiba Inu (SHIB), PEPE, and inflationary Dogecoin (DOGE). BONK is currently ranked as the fifth-largest meme coin by market cap at $1.9 billion with 80 trillion tokens in circulation. It has seen its price drop by close to 58% since peaking in November of 2024 as the broader meme coin frenzy cooled. Top meme coins by market cap (Source: CoinMarketCap ) Safety Shot said it paved the way for the shift by clearing all debt, maintaining over $15 million in cash, and planning to issue $35 million in preferred shares convertible into common stock. CEO Jarrett Boon called the move a “bold first step” in a corporate evolution, and is excited about the appeal of aligning with “one of the most exciting ecosystems in digital assets.” Despite the enthusiasm from management, investors reacted negatively by sending Safety Shot shares tumbling to $0.56. Formerly known as Jupiter Wellness, the company is best known for manufacturing the Safety Shot blood alcohol detox drink. Safety Shot share price over the past 24 hours (Source: Google Finance ) The decision follows a similar path that was taken by GD Culture Group earlier this year when it announced plans for a crypto treasury that will include the TRUMP meme coin. However, the meme coin sector has struggled in 2025, with market cap down 25% year-to-date, even though the overall crypto market grew by 22%.

12 Aug 2025, 08:59

Bitcoin Faces Potential Decline as Wyckoff Analysis Suggests Risks Below $100,000 Support Level

Bitcoin’s price momentum is weakening, indicating that the $100,000 support level may fail, with potential targets dropping to $95,000 according to Wyckoff analysis. Bitcoin price momentum weakness is leading to

12 Aug 2025, 08:58

XRP’s Potential Surge to $12.6 Following SEC Case Closure and ETF Launches

XRP is poised to reach a bullish target of $12.6 following the SEC’s closure of its case against Ripple, which has opened doors for new XRP ETFs. XRP’s bullish target

12 Aug 2025, 08:57

Bernstein: "Ethereum (ETH) and Altcoin Rally Has Started, This Company Will Benefit the Most from the Rally!"

While Ethereum (ETH) continues to make a name for itself with its recent increasing treasury strategy and rise, Bernsterin has published his new report. Accordingly, Bernstein analysts said that Coinbase will see the biggest benefit with the rise of ETH and the arrival of the altcoin season. Ethereum and Altcoin Rally Has Started! According to The Block, analysts led by Gautam Chhugani stated in a report sent to their clients that ETH has increased by 80% since USDC stablecoin issuer Circle’s IPO on June 5, and investors’ interest in the Ethereum ecosystem has increased as they realized that the majority of stablecoins are issued on the ETH network. Analysts stated that the altcoin rally came with the rise of Ethereum and that Coinbase, which operates the Base network, will benefit the most from the altcoin rally. “We believe the altcoin rally has begun as this is reflected in the recent ETH performance. “Also, considering its long list of over 250 altcoins and the number of Base chain tokens now integrated into the Coinbase App, Coinbase will be the company that will benefit most from the ETH and altcoin rally.” Buy Recommendation for Coinbase! At this point, Bernstein announced a Buy recommendation for Coinbase and set a target price of $510. “We think Coinbase will benefit the most from the Ethereum and altcoin rally. Coinbase currently operates Base, the largest Ethereum Layer 2. Base processes over 9 million transactions daily. All transactions on Base are paid in Ethereum, so Coinbase's fee revenue could also increase. *This is not investment advice. Continue Reading: Bernstein: "Ethereum (ETH) and Altcoin Rally Has Started, This Company Will Benefit the Most from the Rally!"

12 Aug 2025, 08:57

U.S. Spot Ether ETFs Hit $1B Daily Inflow for First Time

U.S.-listed ether (ETH) exchange-traded funds (ETFs) surpassed $1 billion in daily inflows for the first time on Monday as the second-largest cryptocurrency hit its highest price for over three and a half years. The nine ETFs comfortably surpassed the previous daily high of $726.74 million from July 17, according to data tracked by SoSoValue . BlackRock's (BLK) ETHA led the way, registering inflows of just under $640 million, while Fidelity's FETH was a rather distant second with $276.9 million. Cumulative inflows into the funds now sit at $10.83 billion with total assets valued at $25.71 billion, equivalent to 4.77% of ether's market cap. ETH rose as high as $4,358 on Monday, its highest level since December 2021, according to CoinDesk data. Ether's gains followed data that cemented expectations the Federal Reserve would lower interest rates, making riskier assets more attractive. The probability of a 25 basis point cut in September is some 84%, according the CME's FedWatch tool . In addition, the U.S. Securities and Exchange Commission (SEC) finally dropped its lawsuit against XRP developer Ripple, providing a further boost to the broader altcoin market. Read More: ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs

12 Aug 2025, 08:55

Cardano retains long-term holders' support since 2021

Cardano (ADA) has been hovering among top 15 coins and tokens, with no dramatic breakouts. ADA gains its support from a strong base of long-term holders. Cardano (ADA) still sits just outside the top 10 coins, supported by the overall market recovery. In July, ADA broke out again, securing the $0.80 level, but it remains below its $1.21 peak from December 2021. Cardano long-term holders are not selling, extending the accumulation period that started in 2021. | Source: Alphractal . ADA gains strong support from its long-term holders, who have extended an accumulation streak since 2021. Currently, Cardano shows significant reserves held in wallets aged four years or more, starting a new accumulation period in the spring of 2025. Based on Alphractal data, long-term wallets are more willing to hold, while short-term buyers remain more balanced. Cardano adopts treasury strategy ADA is now held closely by whales who are in no rush to sell at the current range. The token has repeated the behavior of XRP, where the patient community was ready to hold for years, expecting a bigger breakout. Despite the presence of whales, ADA is one of the most widely distributed tokens, where the top 100 addresses hold only 22.56% of the supply. Cardano is closely watched for its ability to provide funds to projects, and even build its own BTC treasury. The project handed over the reigns to the community, which recently voted on a fund distribution for network upgrades, as Cryptopolitan reported . One of the main sources of storage for Cardano is the treasury, containing 1.6B ADA tokens. The treasury may get distributed gradually in the coming months and years, with some of the supply potentially allocated to acquiring BTC. One of the potential scenarios is for the entire Cardano treasury to be allocated to BTC purchases. This would remove Cardano from its previous path as a platform for games and Web3 projects, which never picked up with the same speed as other L1 chains. Cardano is still fighting to complete another role after showing limited smart contract activity with just $350M in value locked and $37M in stablecoin liquidity. ADA trading still lags behind hotter coins ADA shows relatively low derivative activity, as the token is still outside the group of the hottest coins. Outside Cardano’s own community, there has been no talk of using ADA to build a crypto treasury company. ADA’s open interest decreased to around $631M, with a 77% dominance of long positions. The dominance of longs also means ADA may face selling pressure in the short term, causing a liquidation cascade. Short positions are under 23%, though liquidations may happen at the $0.81-$0.82 range. For now, ADA cannot hope for a short squeeze to a much higher range. On Hyperliquid, ADA also sees limited activity, with only five whales taking notable positions. Three positions are longing ADA with significant funding fee requirements, while short positions receive funding fees and some are in profit. While ADA is currently stagnating, Alphractal data indicates a rally may be in the making, especially if the altcoin bull market continues. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.