A crypto crutch for Tesla? How a 30% Bitcoin rally is propping up a challenging earnings picture

  • Tesla’s Bitcoin (BTC) holdings are now worth ~$1.2 billion after a 30% BTC price rally in Q2.
  • A new US accounting rule (FASB) now allows Tesla to report the fair market value of its crypto holdings quarterly.
  • Tesla has not bought or sold any Bitcoin for eight straight quarters, with its holdings unchanged at a cost basis of $184M.

Tesla’s significant Bitcoin holdings are now worth approximately $1.2 billion, thanks to a powerful 30% rally in the cryptocurrency’s price during the second quarter of this year.

This paper gain, highlighted by a recent change in US accounting rules, provides a bright spot in an otherwise challenging earnings report for the electric vehicle giant, which saw its core automotive revenue decline for a second straight quarter.

According to its latest earnings report, Tesla’s Bitcoin stash has benefited significantly from the crypto market’s recent strength. Bitcoin is currently trading at around $118,000, a substantial increase from its price of $83,000 on April 1.

Based on data from BitcoinTreasuries.Net, which lists Tesla as holding 11,509 BTC, the automaker is the tenth largest publicly traded company to hold the crypto asset on its balance sheet.

This gain is now more visible to investors due to a new rule approved by the Financial Accounting Standards Board (FASB). Effective from the first quarter of 2025, the rule allows companies to report the fair market value of their crypto holdings each quarter.

Previously, corporate holders like Tesla were required to report their crypto assets at the lowest value they reached during the holding period, a method that often failed to reflect market recoveries.

This meant that even if Bitcoin’s price rebounded, those gains would not be reflected on the balance sheet.

Now, Tesla’s Bitcoin gains can be recognized each quarter, providing shareholders with a much clearer view of the asset’s performance.

While its crypto holdings have appreciated, Tesla’s core business is facing significant headwinds.

The company reported second-quarter revenue of $22.5 billion, which, according to one set of figures in the source text, missed analyst estimates of $22.74 billion.

Adjusted earnings per share of $0.40 also reportedly fell below the expected $0.43.

A clear point of weakness was the company’s automotive revenue, which fell by 16% year-over-year, marking the second consecutive quarterly decline.

This follows a report from early July, in which Tesla had already disclosed a 14% drop in its Q2 vehicle deliveries, to 384,000 units.

The company’s stock performance reflects these struggles. Shares of TSLA are down roughly 18% this year, a stark underperformance compared to other big tech names and the broader Nasdaq Composite, which is up about 9% in 2025.

Adding to its challenges, Tesla has delayed its affordable “Model 2” EV, leaving the field open for its rivals.

Chinese EV makers, in particular, are aggressively pushing cheaper, tech-laden vehicles that are steadily eating into Tesla’s global market share.

The sound of silence: Tesla’s unchanged Bitcoin treasury

Despite the significant market value of its crypto holdings, Tesla did not mention Bitcoin once in its second-quarter 2025 financial filing.

This silence is not new. The company has not added to or sold any of its Bitcoin for eight consecutive quarters.

According to the 10-Q form filed with the SEC on July 23, the company’s digital asset holdings remain unchanged at a cost basis of $184 million, the same value it reported in the first quarter of 2024, with no impairment losses or gains noted this time either.

Tesla had initially made a bold move into the crypto space, purchasing $1.5 billion worth of Bitcoin in early 2021. Since then, however, it has sold off the majority of its holdings, with the last major sale occurring in the second quarter of 2022, when it offloaded roughly 75% of its BTC stash.

Despite the recent financial and political turbulence surrounding the company, Tesla appears to be holding firm on its current crypto position—for now.

But with mounting pressure from declining revenues and various reputational hits, investors will be watching closely for any future changes to the company’s digital asset strategy.

Following the earnings release, shares of TSLA were up a slight 0.71% in post-market trading, with the stock trading at $331.56.

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CryptoBatz NFTs prices surge by more than 400% following Ozzy Osbourne’s death

  • CryptoBatz NFTs floor price surged 400% after Ozzy Osbourne’s death.
  • CryptoBatz NFTs trading volume hit $281K, soaring 100,000% in 24 hours.
  • NFT market shows signs of revival amid renewed interest.

The sudden death of rock legend Ozzy Osbourne has sparked a dramatic reaction in the digital collectibles market.

Within hours of the announcement on Tuesday that the heavy metal icon had passed away at the age of 76, trading activity around his CryptoBatz NFT collection surged sharply.

Fans and collectors rushed to own a piece of his digital legacy, fueling a major spike in both floor prices and trading volume.

The rapid CryptoBatz NFT prices surge after Osbourne’s passing

Soon after news of Osbourne’s death broke, the floor price of his CryptoBatz non-fungible tokens skyrocketed.

According to data from Coingecko, the collection’s floor price leapt by more than 400%, jumping from under 0.02 Ether (ETH) to a peak of 0.1069 ETH.

CryptoBatz NFT floor price

Although the floor price had since dropped to around 0.037 ETH (approx. $135.02) at press time, it was still up 96.7% over the past week.

This price movement, though temporary, underlined the emotional response from fans and the market’s capacity to react quickly to headline events.

The spike reflects a growing pattern in the NFT world, where notable events — especially involving celebrities — can drive sharp increases in demand and price.

CryptoBatz NFTs trading activity up across marketplaces

Besides the jump in floor prices, CryptoBatz NFTs also witnessed a massive spike in trading volume.

DappRadar data shows that trading volumes exploded by a staggering 100,000% within just 24 hours, reaching a total of $281,200.

The intense activity accounted for nearly 80% of the collection’s estimated total market capitalization, which now sits at around $355,000.

During this spike, 402 sellers and 327 buyers engaged in trades—an impressive turnout given the total supply of 9,666 NFTs in the CryptoBatz collection.

This surge in activity reflects renewed interest in a project that had largely gone quiet in recent months.

Although volume has dropped significantly since its initial launch, Osbourne’s death has clearly reignited collector enthusiasm.

Still short of historic highs

While the sudden interest signals a possible revival in NFT trading, current prices and volumes remain modest compared to the collection’s launch in early 2022.

At its peak, the average price of CryptoBatz NFTs soared above 0.14 ETH, making the recent increase noticeable but still far from historical highs.

As of now, the most expensive CryptoBatz NFT listed is the rare Megadragon bat, priced at an eye-watering 99 ETH.

Meanwhile, the lowest-priced token available on the market, CryptoBat #5892, is listed at around 0.4 ETH — still significantly higher than before the news of Osbourne’s passing.

Although this resurgence has not matched the frenzy seen at the collection’s debut, it may suggest that some life is returning to the NFT market after a prolonged downturn.

Signals of a broader NFT market rebound

Industry observers are closely watching whether this spike indicates a broader recovery in the NFT space.

While the bump in CryptoBatz trading may be driven largely by emotion and nostalgia, it has drawn attention to an industry many had written off after a steep decline in 2023 and early 2024.

Despite the modest figures, some experts believe this could be an early sign of a market turning point.

With NFT sales reaching $2.8 billion in the first half of 2025, even amid dropping volumes, moments like this could help restore confidence.

In a separate but related development, Spotify recently faced criticism after being accused of publishing AI-generated songs under the names of deceased artists without proper permission.

The controversy has stirred debate around the ethics of digital legacy, a topic increasingly relevant in the world of NFTs.

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BONK price: bulls defend key level as Solana meme coins heat up

  • Bonk (BONK) price hovers above a key level after bulls gained 7%.
  • Pudgy Penguins (PENGU) had briefly overtaken Bonk as the top Solana-based meme token by market cap.
  • Analysts say BONK could explode higher amid overall memecoin resurgence.

Bonk (BONK) and Pudgy Penguins (PENGU) are in a battle for top spot among Solana-based meme tokens.

At the time of writing, Bonk was surging 7% in the past 24 hours to just reclaim the throne with a market cap of over $2.71 billion.

Pudgy Penguins, which had exploded double digits amid spot exchange-traded funds news and Binance seed tag removal, tailed a close second with $2.69 billion in market cap.

The rally for PENGU, which briefly saw it overtake Bonk as top Solana meme, came as other ecosystem tokens like dogwifhat and Popcat recorded upside flips.

BONK, PENGU price surge helped by Binance lifting tag seed

While memecoins have recently exploded amid a broader altcoin rally, BONK and Pudgy Penguins have benefited from an announcement by Binance. 

On July 21, 2025, the leading crypto exchange posted an update that indicated Binance will remove the Tag Seed for BONK, EIGEN, ETHFI, PENGU and PEPE.

“Tokens with the Seed Tag represent new, innovative projects that may exhibit higher volatility and risks compared to other listed tokens,’ Binance explained

By removing the tokens from the list of those tagged as high risk, Binance helped to bolster not just trader confidence, but also enhanced liquidity support. The move also catalyzes increased visibility for the tokens, likely why PENGU, BONK and the other projects exploded.

Pudgy Penguins’ community reacted to ETF filing news in style and crypto analyst Ali Martinez had this to say:

“Pudgy Penguin $PENGU: Top-tier memecoin with mainstream crossover. ETF filing puts it in rare company.”

The meme coin briefly surpassed BONK in market capitalization, and could yet establish itself there unless BONK fights back.

BONK price: bulls look to defend key level

BONK’s price is up just 6% in the past 24 hours and 9% in the past week. However, with bulls looking to defend a critical support level around $0.00003485, the fight to fend off Pudgy Penguins’ push is on.

Currently, BONK is consolidating between support at $0.00003 and the supply zone at $0.00004.

Analysts are optimistic that BONK holding above the current demand zone could allow them to target November 2024 highs. This is the area of Bonk’s all-time high above $0.000059. BONK’s resilience and community support, with open interest up 2.69% to over $55 million.

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XRP price staggers as Ripple moves 200 million tokens

  • XRP briefly surpassed McDonald’s in market cap following its recent price surge.
  • XRP price has dropped 5% after hitting a new high of $3.65.
  • Ripple has moved 200M XRP from a 2020 wallet in a third massive transfer.

Notably, after an impressive 500% surge since July 2024, XRP briefly outshone corporate giants like McDonald’s and American Express in market capitalisation.

However, recent movements by Ripple have introduced uncertainty, causing the XRP price to drop nearly 5% from its record high of $3.65 and settle around $3.45 at press time.

Ripple moves massive XRP from old wallet

In a move that has caught the attention of both investors and blockchain analysts, Ripple recently transferred 200 million XRP (worth approximately $700 million at the time) from an old wallet created in 2020 to a newly activated address.

Blockchain tracking platform Whale Alert was the first to flag the massive transaction, sparking a wave of speculation across the crypto community.

This was not an isolated case. According to XRP Liquidity (Larsen/Britto/Escrow/ODL/RLUSD), this is the second large transaction of similar size in just three days.

Notably, each of these transfers involved 200 million XRP, all executed from Ripple-controlled wallets and routed to fresh, unidentified addresses.

The emptied wallet had been dormant for years, further intensifying curiosity about Ripple’s motive behind the sudden movements.

XRP price dips after new all-time high

The timing of these transactions coincided with XRP’s retracement from its newly reached high of $3.65.

The token had recently touched this mark twice in the past week, once on Friday and again on Monday.

However, following the latest wallet movement, XRP’s price slipped to a low of $3.44, creating questions about the stability of its ongoing rally.

XRP price pullback

The price dip could be a short-term response to perceived selling pressure, even though there is no direct evidence that Ripple has sold the tokens.

Many believe the XRP transfers by Ripple could be strategic, possibly for liquidity management, staking preparation, or institutional onboarding.

However, for traders, large transfers often signal potential market volatility.

What’s next for XRP?

Despite the short-term price correction, XRP’s long-term outlook remains optimistic.

The fundamentals supporting its growth — regulatory clarity, institutional adoption, and market legitimacy — are still intact.

Ripple’s massive wallet transfers may create momentary doubt, but they also suggest internal restructuring and strategic allocation rather than market exit.

For traders and investors, the key question now is whether XRP can stabilise above the $3.40 range and push toward reclaiming its $3.65 high.

The current market conditions, shaped by both internal blockchain activity and broader macro developments, will play a pivotal role in determining the next leg of XRP’s journey.

As the crypto market continues to evolve, XRP remains one of the most closely watched digital assets.

Its ability to hold momentum amid large-scale movements and shifting sentiment will likely define its performance in the months ahead.

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World Liberty Financial acquires 3,473 ETH, stakes it on Aave

  • World Liberty Financial just bought 3,473 ETH for $13 million.
  • The Ethereum (ETH) was staked on Aave to earn DeFi yield.
  • WLFI coin launch expected within six to eight weeks.

In a bold move that underscores its deepening involvement in decentralised finance, World Liberty Financial has acquired 3,473 ETH valued at $13 million.

The acquisition was followed swiftly by staking the assets on Aave, a leading DeFi protocol.

This strategic manoeuvre not only strengthens the firm’s crypto position but also signals its intention to actively participate in Ethereum-based income-generating platforms.

The $13 million ETH staking deepens World Liberty Financial’s DeFi strategy

The purchase, executed through multiple wallet addresses, was conducted at an average price of $3,743 per ETH, according to blockchain data from Arkham Intelligence reported by Lookonchain.

Following the latest purchase, World Liberty Financial’s total ETH holdings now stand at approximately 73,616 ETH, which is currently valued at around $275.9 million.

The move comes amid a period of renewed institutional interest in Ethereum, with World Liberty Financial positioning itself firmly among the major players betting big on ETH.

Once acquired, the ETH was promptly staked on Aave, one of the largest decentralised lending and borrowing platforms in the DeFi space, indicating a clear strategy to go beyond holding crypto assets passively and instead generate yield through DeFi staking.

Ethereum (ETH) rallying as institutional inflows rise

World Liberty Financial’s timing appears calculated, especially seeing that the ETH market has witnessed notable inflows recently, particularly from institutional investors.

Sharplink Gaming, another company with strong crypto ties, recently added $250 million worth of ETH to its holdings, pushing its total ETH portfolio to a staggering $1.3 billion.

This reflects a wider sentiment shift, with Ethereum emerging as the digital asset of choice for institutions looking to capitalise on its long-term potential.

On the derivatives front, spot Ethereum ETFs registered a net inflow of $533.9 million on July 22 alone. In contrast, spot Bitcoin ETFs saw a $67.9 million net outflow during the same day.

This shift in institutional preference likely contributed to Ethereum’s growing appeal among strategic investors like World Liberty Financial.

At the time of the acquisition, Ethereum (ETH) was trading around $3,686, with prices fluctuating between $3,650 and $3,758 in the past 24 hours.

Over the last seven days, ETH has gained 16%, with a 62% surge over the past month.

Notably, Ethereum’s strong market performance is helping boost the valuation of crypto portfolios heavily exposed to the asset.

WLFI coin launch set to follow

This aggressive ETH accumulation is not happening in isolation. World Liberty Financial is also gearing up to launch its native WLFI coin.

According to a statement by the project team, the WLFI token will begin trading within the next six to eight weeks.

The project emphasises that the launch is being carefully timed and backed by strategic partnerships, smart coin unlocking mechanisms, and broader ecosystem planning.

The WLFI coin is expected to serve as a key pillar in the company’s broader crypto ambitions.

By combining Ethereum (ETH) staking strategies with an imminent token launch, World Liberty Financial is signalling its intent to compete at a higher level within the DeFi and digital asset space.

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