Schlagwort: crypto markets

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TRX price forecast as Tron lists TRUMP and Tron Inc. goes public on Nasdaq

  • TRON Inc. has been publicly listed on Nasdaq, boosting TRX market visibility.
  • TRON has integrated the TRUMP memecoin with cross-chain LayerZero support.
  • TRX holds bullish momentum with $0.33 as the key short-term target.

The TRON ecosystem is experiencing a defining moment in its evolution as a blockchain platform.

Following the launch of the politically themed TRUMP token and the landmark public listing of Tron Inc. on the Nasdaq, investor attention has sharply turned toward TRX, the native token of the TRON network.

Notably, these events, alongside strong Q2 growth metrics, are reshaping short-term and long-term expectations for TRX’s price trajectory.

Tron Inc. goes public, drawing Wall Street’s attention

TRON founder Justin Sun rang the opening bell at the Nasdaq MarketSite in Times Square this July, marking the public debut of Tron Inc. (Nasdaq: TRON), a newly formed entity resulting from a reverse merger with SRM Entertainment.

Formerly a toy supplier to entertainment giants like Disney and Universal, SRM now maintains its original business while adding a crypto-focused strategy under the Tron Inc. banner.

Tron Inc. currently holds more than 365 million TRX tokens, making it the largest public holder of TRX. At press time, the holding was valued at approximately $115 million.

This level of exposure has significantly raised the profile of TRX in traditional financial markets despite shares of Tron Inc. closing at $8.74, down over 10%, hinting at market volatility amid the transition.

TRUMP token expands TRON’s political footprint

Adding further momentum to TRON’s ecosystem, the blockchain recently integrated the $TRUMP token, leveraging LayerZero’s Omnichain Fungible Token (OFT) standard and Stargate Finance’s cross-chain infrastructure.

This move allows $TRUMP to flow seamlessly across blockchains without needing bridges or wrapped tokens, offering a scalable, low-fee environment ideal for mass adoption.

TRON’s DAO views this integration not just as a listing but as a cultural step forward, signalling support for politically resonant digital assets.

Alongside the rising profile of MAGACOIN Finance, the addition of $TRUMP underscores TRON’s willingness to embrace community-driven tokens with real-world themes.

This trend could continue, further expanding TRON’s reach in the altcoin and DeFi space.

Strong Q2 numbers back the bullish case for TRON

TRON’s recent performance reinforces its bullish foundation. According to data from Messari, the network’s market cap surged by 17% to $26.5 billion in Q2, while revenue climbed over 20% to reach $915.9 million.

Stablecoins remain at the heart of this growth, especially USDT, which accounts for over 99% of TRON’s stablecoin volume.

TRON now facilitates over $21.3 billion in daily stablecoin transfers, a jump of 11.6% from the previous quarter.

Activity across the chain has also grown, with daily transactions rising 12.6% to 8.6 million and active addresses reaching 2.5 million.

The recent Stake 2.0 upgrade helped push the staking ratio to 47.1%, reinforcing long-term investor confidence.

Although DeFi metrics were mixed, with TVL dipping slightly to $4.6 billion, decentralised exchange volumes rose by 25%, led by SUN V3, indicating that traders remain active even as overall DeFi values fluctuate.

TRX price eyes higher targets amid the steady uptrend

Technically, TRX has maintained an upward trend since late June, bouncing off key support levels and forming consistent higher lows.

After reaching a recent high near $0.335, the token underwent a healthy correction but quickly found strong support around $0.3067.

This level, near the 100-period moving average and an established trendline, continues to hold firm.

The current price hovers around $0.3149, and short-term momentum suggests another upward push may be in play.

If TRX can maintain this bullish structure, analysts anticipate a return to the $0.33–$0.335 zone, which has acted as both a resistance and previous high.

Actually, some data analysts like CW believe the next target for $TRX is $0.38, which is the 1.618 Fibonacci.

Traders should closely watch the $0.3067–$0.31 range for any sign of weakness.

A breakdown could signal a deeper correction toward $0.29 as outlined by CoinLore.

However, as long as the price stays above trend support, the bulls remain in control, and this scenario is more likely given the increased exposure from Tron Inc.’s Nasdaq listing and TRON’s expanding utility.

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Bitcoin drops to $115k as Galaxy Digital dumps 30,000 BTC

  • Bitcoin price fell 3% to below $115k, with intraday lows of $114,750.
  • Galaxy Digital has deposited over 30,000 BTC.
  • Lookonchain shared on-chain details indicating Galaxy sold over 10k on Binance, OKX and Bybit.

Bitcoin (BTC) fell sharply on Friday, touching lows near the $115,000 mark, as analysts pointed to a sell-off by a long-dormant Bitcoin whale.

Bitcoin, which recently hit an intraday high of $123,000, gave up gains to trade as low as $114,759 — down 3% over 24 hours.

The move marked its lowest level in two weeks, last seen on July 10, when BTC surged from $110,000.

Why did the Bitcoin price fall sharply today?

Bitcoin, which had recently consolidated in the $117,000–$118,000 range as altcoins outperformed, broke below key support levels to hit a multi-week low amid heavy selling pressure.

The decline follows on-chain activity suggesting that a long-dormant wallet, active for the first time in 14 years, moved 80,000 BTC to exchanges through Galaxy Digital.

Data indicates the holdings may have been offloaded in the past 24 hours.

“Note that Galaxy Digital has deposited over 10,000 $BTC ($1.18B) to exchanges in the past 8 hours! The 10,000+ $BTC comes from the Bitcoin OG holding 80,009 $BTC($9.68B),” Lookonchain posted on X.

Lookonchain then shared an update showing over 30k BTC sent to exchanges, including Binance, OKX and Bybit. Currently, Galaxy has transferred over 30k BTC to exchanges.

Also notably, Galaxy withdrew $1.15 billion USDT from exchanges after the BTC deposits.

Over $518 million liquidated

Per details on Coinglass, the BTC sell-off has erased over $518 million in leveraged positions within the last 24 hours.

Most of these are longs at over $380 million, with more than $135 million of it in bullish bets on BTC wiped out.

The whale’s activity is thus likely to have an impact, largely panic selling that could further push prices lower.

Liquidations mounting will see more longs taken out, with some like AguilaTrades already seeing millions in potential profits disappear.

What’s next for the Bitcoin price?

According to crypto analyst Captain Faibik, while bulls may yet retain the upper hand, a breakdown is likely.

The analyst points to a falling wedge pattern and says a daily close below $113k could confirm this negative outlook.

However, if BTC holds steady and moves toward $118k, a decline in selling pressure may allow buyers to retest key supply zone areas.

As the market reacts to the Bitcoin price drop, investors may want to position themselves amid buy-the-dip opportunities.

In this case, Bitcoin’s next move is very much a key factor.

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Michael Saylor’s Strategy upsizes ‘stretch’ preferred stock sale to $2.8 billion

  • Michael Saylor’s Strategy launched and upsized a new preferred stock offering from $500M to $2.8 billion.
  • The ‘Stretch’ security promises a hefty 9% annual payout with no end date and a flexible, adjustable dividend.
  • The deal is the latest in Saylor’s years-long effort to transform Strategy into a financial vehicle to acquire Bitcoin.

Michael Saylor’s relentless quest to transform his company, Strategy, into a Bitcoin-acquiring financial juggernaut has reached a new level of ambition.

The firm has launched and then promptly upsized a novel preferred stock offering, raising a staggering $2.8 billion in a deal that further showcases Saylor’s prowess in the capital markets and the insatiable investor appetite for exposure to the booming crypto market.

As crypto prices continue their upward march, Saylor’s Bitcoin holding company, Strategy, has once again demonstrated its unique ability to tap into market enthusiasm.

The company priced a new kind of security on Thursday, which it has dubbed “Stretch.” This offering promises buyers a hefty 9% annual payout with no specified end date, an unusual feature in the often-arcane world of preferred stock.

Initially planned as a $500 million deal, the offering was upsized to $2.8 billion due to overwhelming demand, according to a person familiar with the transaction who asked to remain anonymous.

This move is the latest, and perhaps most audacious, demonstration of Saylor’s Wall Street wizardry in his years-long effort to pivot a middling software firm, formerly known as MicroStrategy, into a corporate entity singularly obsessed with one goal: raising as much money as possible to acquire as many Bitcoin as possible.

At last count, the company’s hoard stood at some 600,000 coins, worth approximately $70 billion.

“This is not the first financial engineering initiative by Strategy,” noted Campbell Harvey, a professor at Duke University. “In any situation where your company is worth far more than fundamental value, you raise money.”

Since Strategy’s first groundbreaking Bitcoin purchase in 2020, Saylor has employed a diverse range of financial instruments, including selling equity, issuing various types of debt, and layering multiple stacks of preferred shares.

In doing so, he has not only amassed a colossal Bitcoin treasury but has also inspired a fleet of imitators, spurring a new industry of public companies dedicated to the so-called “treasury strategy” of buying and holding cryptocurrencies.

The ‘Stretch’ security: a new twist on an old theme

Many of the previous financial instruments that have fueled Strategy’s rise have proven to be more popular than expected, but even against that backdrop, the demand for “Stretch” was notable.

The company’s common shares rose 0.5% on Wednesday and are up an impressive 43% for the year.

The new “Stretch” shares occupy a specific place in Strategy’s complex and unusual capital structure.

They sit above the company’s common stock and its other preferred shares—which carry creative names like “Strike” and “Stride”—but remain subordinate to its convertible bonds and another preferred stock known as “Strife.”

A key feature that distinguishes “Stretch” from earlier offerings is its flexible dividend. Unlike a fixed payout, this security allows Strategy to tweak the dividend rate.

Each month, the firm will set a new payout rate with the aim of keeping the share price near the $100 mark, raising or lowering the dividend as needed to maintain this target. It’s a unique combination of a dynamic pricing model and a trust exercise, and a clear reminder that in the world of financial engineering, Strategy often creates its own rules.

Diminishing returns? A discount to win over investors

While this flexibility may appeal to Saylor’s large and dedicated fan base of retail investors, it also introduces a new layer of uncertainty into an already complex capital structure.

There are some signs that Saylor’s tactics may be facing somewhat diminishing returns, as the value of the company, relative to the Bitcoin it owns, has reportedly gone down.

In a move to win over investors for its latest offering, Strategy offered the “Stretch” shares at a discount. The shares, which are set to carry an initial dividend of 9%, were sold for $90 each.

This was at the bottom of the marketed range and represents a discount to their face value of $100, according to the person familiar with the deal.

Despite the discount, the outsized demand for the deal provides the latest and most powerful sign of both Saylor’s avid following and the continued speculative fervor that is running through the financial markets.

According to a previous Bloomberg report, major financial institutions including Morgan Stanley, Barclays Plc, Moelis & Co., and TD Securities worked on this landmark deal.

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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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