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Crypto Trends

Chainlink to Supply Data to Polygon to Resolve Fact-Based Betting Disputes

by admin September 13, 2025



Polymarket is turning to Chainlink to clean up how it resolves bets.

The world’s largest prediction market platform will use the on-chain data provider to automatically settle asset-price-related markets, cutting down on delays and tampering risks, the two companies announced Friday.

The integration is live on Polygon and will initially focus on crypto asset prices while the firms explore potential applications for more subjective markets. That means markets based on asset prices will resolve based on data directly fed from Chainlink’s decentralized oracle network.

Polymarket currently relies on optimistic oracle system UMA to determine the outcomes of its prediction markets. That has often led to controversy over governance attacks made to influence the outcomes of some markets.

Chainlink’s infrastructure combines timestamped price feeds, known as Data Streams, with automated settlement tools. That, the project said in a press release shared with CoinDesk, allows a market to settle as soon as the clock runs out.

Polymarket says it plans to expand the use of Chainlink data beyond asset prices, though subjective markets remain a challenge.

Some controversial outcomes on Polymarket, it’s worth noting, also involved more subjective markets, including decisions based on Ukrainian President Volodymyr Zelensky’s clothing.



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Bitcoin Sharks Add 65K BTC In 7 Days: Supply Squeeze Setup Strengthens
Crypto Trends

Bitcoin Sharks Add 65K BTC In 7 Days: Supply Squeeze Setup Strengthens

by admin September 13, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is navigating a volatile phase where bulls are struggling to drive the price higher, yet bears have also failed to push BTC below the $110,000 mark. This tight range signals a standoff, but beneath the surface, the market appears to be shifting into a new phase. For the first time in months, Ethereum and several altcoins are showing relative strength against Bitcoin, raising questions about capital rotation and changing market dynamics.

Fresh data from CryptoQuant sheds light on the divergence between short-term traders and larger conviction-driven buyers. According to their report, addresses holding between 100 and 1,000 BTC—often referred to as “sharks”—have added a staggering 65,000 BTC in just seven days. This aggressive accumulation has lifted their total holdings to a record 3.65 million BTC.

What makes this development notable is that it has occurred even as spot prices hovered near $112,000. While retail-driven volatility has kept price action choppy, structural demand from larger buyers remains strong.

The disconnect suggests that long-term players are preparing for the next leg of the cycle, absorbing supply while short-term traders hesitate. In this environment, Bitcoin’s resilience above $110K underscores its strength despite ongoing market turbulence.

Bitcoin Onchain Data Points To Supply Squeeze

According to a report from XWIN Finance shared by CryptoQuant, two core onchain datasets confirm that Bitcoin’s current market behavior is driven by deep structural demand rather than short-term speculation. These indicators—Long-Term Holder (LTH) Net Position Change and Exchange Netflow—highlight a steady absorption of supply, setting the stage for potential upward pressure on price.

The LTH Net Position Change, which tracks 30-day balance shifts among experienced holders, has turned strongly positive. These green spikes suggest that long-term players are actively accumulating Bitcoin rather than distributing it. Historically, such accumulation phases often precede major bull runs, as coins move into “strong hands” less likely to sell during short-term volatility. This transition of supply into longer-term storage reduces available liquidity, tightening conditions for future rallies.

Bitcoin Long-Term Holder Net Position Change | Source: CryptoQuant

Exchange Netflow data provides another layer of evidence. Net outflows—BTC being withdrawn from exchanges—have dominated in recent weeks. This indicates that investors prefer cold storage over keeping assets liquid for immediate trading. Combined with LTH absorption, this confirms that recent shark buying is not speculative churn but actual supply removal from circulation.

The alignment of shark accumulation, LTH buying, and sustained exchange outflows builds the conditions for a potential supply squeeze. While short-term corrections remain possible if leverage in derivatives overheats, the structural picture favors higher prices as soon as demand accelerates. Beneath the current volatility, the groundwork for Bitcoin’s next major leg higher appears to be quietly forming.

Price Analysis: Quiet Consolidation

Bitcoin is trading at $115,019 after a steady recovery from early September lows near $110,000. The daily chart shows BTC building momentum as it pushes into a key resistance zone. The 50-day SMA at $114,562 has been reclaimed, and the 100-day SMA at $112,323 is now acting as solid support, reinforcing the bullish setup. The 200-day SMA at $102,202 continues to anchor the long-term trend, confirming that Bitcoin remains structurally healthy despite recent volatility.

BTC consolidates in a range | Source: BTCUSDT chart on TradingView

The next challenge lies at $116,000–$118,000, a resistance area that has capped rallies in recent weeks. A successful breakout and close above this zone could clear the path toward the major barrier at $123,217, which remains the cycle’s key level to watch.

On the downside, immediate support is established near $114,000, followed by stronger backing around $112,000. As long as BTC holds these levels, buyers are likely to maintain control. A breakdown below $112,000, however, could shift momentum back in favor of sellers and potentially bring $110,000 back into focus.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Crypto Trends

Streamer Gets Slapped by Gym Influencer Bradley Martyn, Pumping Solana Token

by admin September 13, 2025



In brief

  • A livestreaming duo made $49,000 on Thursday after gym influencer Bradley Martyn slapped one of the creators for attempting to steal his hat.
  • It was being livestreamed on Pump.fun under the pair’s token, which pumped in price by more than 2,000% in response.
  • The Solana meme coin project is led by two unnamed men who say they’ll be attempting to perform viral stunts every day for the next two weeks.

A Pump.fun livestreaming duo made $49,000 in crypto token creator fees while one member got slapped by fitness influencer Bradley Martyn after attempting to steal his hat—something he notoriously hates.

The pair’s Solana token pumped over 2,000%, and they later thanked the gym bro for slapping them.

Bagwork is a Pump.fun meme coin launched by a pair of unnamed youngsters, who livestream goofy stunts to try and pump the price. On Wednesday, one of the devs ran onto the field during a Los Angeles Dodgers baseball game, and hours after the Martyn incident, the other dev shaved their head on-stream. They say they’ll be streaming every day for the next two weeks, attempting to create viral moments every day.

On Thursday, the duo headed over to Martyn’s ZOO Culture gym, where they could see he was livestreaming from—they even interacted with Martyn before the altercation, pitching their meme coin to him.

One of the meme coin devs asked the gym influencer for a picture, but when he attempted to nab Martyn’s hat, he was slapped across the face as the fitness creator exclaimed, “You think that shit’s funny? Get the fuck out of here.” 

Meme coin degens clearly thought it was funny, as the Bagwork token pumped 2,026% from a $131,150 market cap to $2.78 million in just seven hours. It has since dropped to about $2.4 million, according to DEX Screener.

Livestreamers on Pump.fun are paid a percentage of every trade placed on their token, via what the platform calls creator rewards. On Thursday, the day of the viral clip, Bagwork generated $49,330 in creator rewards, according to Pump.fun. All told, they’ve made over $78,000 in fees.



As “creator capital markets” advocates hailed the stunt as a raging success, others pushed back. One X commenter said, “This could easily be a bad thing. We don’t need more harassment, we need more quality content.”

Martyn has a history of people stealing his hat. Last year, Twitch streamer StableRonaldo stole the gym bro’s hat and received a similar treatment—a swift slap to the face.

“That’s what happens, fucker,” Martyn said, as the streamer held his face.

Hours after getting slapped, the Pump.fun streamers recorded an apology video… while thanking Martyn for pumping their bags.

“Thank you so much for slapping me, bro. You made a lot of our guys money, bro,” the slapped creator said, now with a buzzcut.

“No bad blood, bro. We just had to do it, bro. It was part of the narrative. We had to do it,” added the other dev, who was holding the phone during the incident.

Later, one of the devs was stopped by local cops from jumping into the water off what appears to be the Santa Monica Pier. Several people have died from jumping off the Los Angeles pier.

Pump.fun’s history of livestreamed stunts

Pump.fun’s livestreaming culture is no stranger to dangerous stunts. 

Before livestreaming was a native feature on the platform, a Miami dev called Mikol doused himself in isopropyl alcohol and had fireworks shot at him. He instantly went up in flames, dropping to the floor as his friends struggled to put the fire out. Mikol was then rushed to the hospital with third-degree burns across a large portion of his body. 

Mikol’s token DARE pumped over 4,000% from a $43,000 market cap to $1.91 million, according to DEX Screener, but he was receiving treatment in the hospital and was unable to sell his stash. This stunt also took place before creator fees were added to the platform. The dev claims to have made no money from the token, aside from the $3,000 donated to him to help pay for hospital bills. 

He later quit the project and has since relaunched a new streamer coin—albeit without the crazy stunts.

That same month, Pump.fun added livestreaming as a native feature. For a while, the feature was extremely buggy, which stunted the streamer community. But by the end of 2024, Pump.fun saw a spike in controversial livestreams.

Animal cruelty, self-harm, drug binges, senseless firing of guns, and a faked suicide took over the platform in November, which resulted in Pump.fun cutting the feature. It gradually reintroduced the functionality at the start of 2025, as the platform updated its terms of use and strengthened its moderation team.

Fortunately, since then, Pump.fun livestreaming has gone largely without controversy. The scene has been professionalized, with the meme coin launchpad funding the frat-bro content collective Basedd House—which is acting as the gold standard for the platform.

Gone are the days of self-immolation; now, creators are attempting to set world records, getting married, and—well, one guy did stream his child’s birth.

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Smarter Web eyes distressed rivals as UK Bitcoin treasury race tightens
Crypto Trends

Smarter Web eyes distressed rivals as UK Bitcoin treasury race tightens

by admin September 13, 2025



Smarter Web, the U.K.’s largest BTC holder, is going on the offensive. CEO Andrew Webley is eyeing distressed rivals, seeking to aggressively expand its war chest at a potential fire-sale discount.

Summary

  • Smarter Web’s CEO Andrew Webley considers buying struggling rivals to boost BTC holdings at discounts.
  • Company stock plunged 35.5% in a month, far underperforming Bitcoin’s 4% drop.
  • Coinbase warns treasury firms face “player vs player” competition for investor capital.

According to a recent Financial Times report, Andrew Webley, CEO of The Smarter Web Company, confirmed his firm is actively considering the acquisition of struggling competitors.

The primary objective is a strategic expansion of its Bitcoin (BTC) treasury by potentially purchasing BTC holdings at a significant discount to market value. This move comes amid a sharp decline in the company’s own stock price, which has dramatically underperformed Bitcoin over the past month.

Navigating a high-stakes battlefield

Smarter Web’s stock performance has starkly decoupled from the asset it holds. While Bitcoin declined just over 4% in the past month, the company’s share price plummeted approximately 35.5%, including a nearly 22% single-day drop on Friday.

The significant underperformance highlights a critical vulnerability: investor sentiment toward treasury vehicles is becoming increasingly fragile, independent of Bitcoin’s own price action.

The timing of Webley’s maneuver aligns with a sobering warning from Coinbase researchers that the sector is entering a brutal “player vs player” stage. Head of research David Duong and researcher Colin Basco recently stated that crypto-buying public companies will now compete far more fiercely for investor capital.

They predict that while a handful of “strategically positioned players will thrive,” the market segment is quickly becoming oversaturated, implying many of these treasuries will not survive long term.

Meanwhile, back in June, analysts at Standard Chartered, led by Geoffrey Kendrick, issued a prescient warning about the inherent risks of the Bitcoin treasury model. Kendrick cautioned that the premium at which these companies trade relative to their underlying BTC holdings is unsustainable, especially as access to Bitcoin through regulated ETFs and ETNs becomes easier. He ominously suggested that a drop below $90,000 could put half of all Bitcoin treasury companies underwater on their holdings.



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Hong Kong Harbour (Shutterstock)
Crypto Trends

Massachusetts Attorney General Alleges Prediction Market Kalshi Violating Gambling Laws

by admin September 12, 2025



Prediction market Kalshi is violating Massachusetts’ state gambling laws, its attorney general alleged in a lawsuit Friday.

Attorney General Andrea Joy Campbell alleged in a filing that sports event contracts, which Kalshi introduced in January 2025, violate the state’s sports wagering laws, which require operators to be licensed. Campbell is asking for a court to block Kalshi from offering sports prediction markets in the state without a license, as well as seeking monetary and other relief.

Prediction markets have grown in popularity over the past few years, with crypto-focused companies like Polymarket and firms like Kalshi seeing immense interest over questions such as who would win the last presidential election. While the Massachusetts filing notes that Kalshi does offer these different categories of prediction markets, its lone charge is focused on the company’s sports-related bets.

The filing said Kalshi’s prediction markets, which are structured as binary options, operate the same way licensed sports wagering operators’ products do, comparing it to FanDuel as an example.

“Kalshi is in the business of accepting wagers, defined as ‘a sum of money or thing of value risked on an uncertain occurrence’ on amateur and professional sporting events in the form of selling sporting event contracts,” the filing said, adding, “Kalshi’s sporting event contracts constitute sports wagering” as defined by Massachusetts laws and applicable regulations.

Kalshi had been through a lengthy legal tussle at the federal level when it battled with the Commodity Futures Trading Commission over the legality of its business model, but the regulator ultimately backed down earlier this year. Now, one of Kalshi’s board members, former CFTC commissioner Brian Quintenz, is President Donald Trump’s nominee to run the agency.

A portion of the Massachusetts lawsuit points to Kalshi actions the attorney general’s office alleges are designed to hook possible bettors.

“Kalshi’s platform employs behavioral design mechanisms drawn from gambling psychology, including features that encourage impulsive engagement, exploit award anticipation and diminish users’ perception of financial risk,” the filing said.

It pointed to Kalshi’s website design, including presenting possible payouts in “bright green font, a color that signals safety and correctness,” while odds were presented in black font. “This interface design subtly encourages high-risk transactions by emphasizing reward while obscuring risk.”

Campbell said “if Klashi wants to be in the sports gaming business in Massachusetts, they must obtain a license” in a statement. “Sports wagering comes with significant risk of addiction and financial loss and must be strictly regulated to mitigate public health consequences.”

In a statement, a Kalshi spokesperson said, “Kalshi offers its users a fair, transparent, federally-regulated and nationwide marketplace. Rather than engage in dialogue with Kalshi as many other states have done, Massachusetts is trying to block Kalshi’s innovations by relying on outdated laws and ideas. Prediction markets are a critical innovation of the 21st century, and all Americans should be able to access them. We are proud to be the company that has pioneered this technology and stand ready to defend it once again in a court of law.”



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Tron’s Gas Fee Reduction Cuts Daily Revenue by 64% in 10 Days
Crypto Trends

Tron’s Gas Fee Reduction Cuts Daily Revenue by 64% in 10 Days

by admin September 12, 2025



Tron’s recent fee reduction has significantly cut into the revenue earned by its block producers, according to a new report from CryptoQuant.

The total daily network fees for Tron’s block producers, known as Super Representatives, dropped to $5 million on Sept. 7, the lowest level in over a year. That’s a 64% revenue decline in 10 days, down from $13.9 million the day before lower fees were implemented.

Onchain data shows that average gas fees on Tron have decreased by 60% after the network implemented a proposal slashing the energy unit price from 210 sun to 100 sun. Gas fees are transaction costs paid on the Tron network, measured in its smallest unit, called sun.

Tron Proposal #789, labeled “Decrease the transaction fees,” went live on Aug. 29 after a vote from the Super Representative community.

Tron transaction fees since January 2024. Source: CryptoQuant

Community member GrothenDI issued the proposal in August, arguing that lower transaction fees would “ensure the sustainable and healthy development of the Tron ecosystem.”

GrothenDI estimated that cutting the gas fees to 100 sun from 210 sun could result in an additional 12 million potential transfers from users. One TRON (TRX) equals 1 million sun, the lowest divisible part of TRX.

Related: Tron Inc. adds $110M in TRX to treasury, total holdings now top $220M

Tron dominates blockchain revenue among L1s 

Although Proposal #789 reduced gas fees on Tron, the blockchain still leads other layer-1 chains in revenue, according to data from Token Terminal.

Over the past seven days, Tron captured 92.8% of total revenue among layer-1 networks, ahead of Ethereum, Solana, BNB Chain and Avalanche. Fees generated from transactions on Tron amounted to $1.1 billion over the past 90 days.

Revenue generated by layer-1 blockchains over past 90 days. Source: Token Terminal

Ethereum has led revenue generation over the past five years with $13 billion, compared to Tron’s $6.3 billion.

Magazine: Ethereum L2s will be interoperable ‘within months’ — Complete guide



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Ipo Market Raises $4 Billion This Week With Gemini Leading
Crypto Trends

IPO Market Raises $4 Billion This Week With Gemini Leading

by admin September 12, 2025



The IPO market kicked into high gear this week as six companies raised more than $4 billion. So far, this is the busiest period for new offerings since 2021. 

Five of the six priced above their marketed ranges, but their trading afterward showed more cautious energy as several slipped back toward initial levels.

Klarna Group Plc staged the largest debut of the week, shooting up at first before settling closer to its offering price as investors cooled. Figure Technology Solutions Inc. also opened strongly but finished its second day of trading near its first-minute peak.

Gemini Space Station Inc., led by the Winklevoss twins, became the standout as the crypto exchange soared, thanks to huge interest from retail interest. By contrast, Blackstone-backed Legence Corp. and Via Transportation Inc. produced modest gains after opening below their IPO prices.

Investors are Excited But Still Picky 

According to Bloomberg, the median stock began trading 31 percent above its IPO price. This points to good demand, though not the kind of explosive surges that can lead to unstable trading later. Analysts told Bloomberg that calmer debuts may encourage more companies to follow, even as investors remain choosy over valuations and earnings.

“Investor expectations remain high and continue to be demanding — profitability and fundamentals are huge,” said Mike Bellin, who leads PricewaterhouseCoopers’ IPO practice.

Institutional investors also joined heavily, as they piled billions into offerings across technology, crypto, and consumer names. Retail traders also secured a bigger slice, with Gemini selling 30 percent of its $425 million deal to small investors.

Demand for shares far exceeded supply. Klarna and Figure drew about 25 times more orders than stock available, while Gemini was oversubscribed by more than 20 times, according to Bloomberg.

Another Big Week Ahead ?

Next week could continue the momentum as Stubhub Holdings Inc. and Netskope Inc. prepare offerings that may raise as much as $2.53 billion combined. If successful, it would be the first back-to-back weeks of such volume since December 2021

Still, year-to-date proceeds of $28.9 billion remain below the pre-pandemic average of $31.4 billion and pale in comparison to the boom years of 2020 and 2021.

Kati Penney of CrossCountry Consulting described the surge as “an anomaly” tied to big names returning after tariff-related volatility earlier this year delayed many late-stage startups. “We’ll see steady momentum but not at the pace of these past two weeks,” she said.

Also Read: REX-Osprey Solana Staking ETF Hits $250M as SOL Price Soars



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SOL price chart showing rally from $226 to above $239 in the past 24 hours
Crypto Trends

Soaring in First Trades After IPO

by admin September 12, 2025



Shares of Gemini (GEMI) opened at $41 a share on the Nasdaq Global Select Market on Friday, rising 45% from last night’s IPO price.

The crypto exchange, which is run by Tyler and Cameron Winklevoss, priced its IPO at $28 a share, valuing the company at around $3.3 billion. It had sold 15.2 million shares, raising $425 million.

Gemini posted a net loss of $283 million in the first half of the year. That follows a $159 million loss for all of 2024, according to the company’s latest financials.

Despite the deepening red ink, Gemini priced its IPO nicely above the initially hoped-for level and secured a $50 million strategic investment from Nasdaq earlier this week. The stock exchange operator said the deal is intended to expand access to Gemini’s crypto custody services for institutional clients. It also positions Gemini as a distribution partner for Nasdaq’s trade management software, Calypso.

Gemini’s IPO follows that of other crypto-native platforms, including stablecoin issuer Circle (CRCL), Bullish (BLSH), eToro (ETOR) and Figure Technologies (FIGR), that also went public this year in what appears to be a booming capital market for crypto firms amidst a wave friendly U.S. regulatory action. Bullish Global is CoinDesk’s parent company.



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Crypto Trends

BlackRock Weighs Tokenized ETFs Following Bitcoin Fund Surge

by admin September 12, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

BlackRock is moving deeper into tokenized funds, and the moves are starting to look like a bid to bring traditional ETFs onto blockchains.

Reports have disclosed that the firm’s tokenized money market product, known as the BlackRock USD Institutional Digital Liquidity Fund or BUIDL, is already live on the Ethereum network and works with firms such as Securitize and BNY Mellon for transfer agent and custody roles.

BlackRock Tokenized Fund Partners And Setup

According to filings and industry reports, the BUIDL fund is backed by cash, US Treasury bills, and repurchase agreements.

Transfer agent duties are being handled by Securitize while custody services are provided by BNY Mellon. Other infrastructure providers named in reports include Fireblocks, BitGo, Coinbase and Anchorage Digital.

The fund pays yields to token holders on a daily basis using blockchain rails, and it is being positioned as a bridge between classic cash-like instruments and programmable token holdings.

JUST IN: BlackRock plans to tokenize ETFs following success with $BTC fund. pic.twitter.com/yQD0E4VjpX

— Whale Insider (@WhaleInsider) September 11, 2025

The Push Toward Tokenized ETFs

Executives have been quoted as saying tokenization could scale far beyond a single fund. Reports have put a potential addressable market figure as high as $10 trillion if a broad array of assets and ETFs are moved on-chain over time.

Industry trackers also show that the total value locked in tokenized real-world assets passed $10 billion in recent months, a sign that the market is no longer purely experimental.

BlackRock’s activity has prompted comparisons with other large asset managers, such as Franklin Templeton, which have also launched tokenized offerings.

Market Benefits And Practical Limits

Proponents say tokenized ETFs could allow fractional ownership and round-the-clock transferability, and they could speed settlement in some cases.

Reports say tokenization may also boost transparency since ownership records can be viewed directly on the chain.

Bitcoin is now trading at $114,991. Chart: TradingView

At the same time, uncertainty remains over how tokenized ETF shares will interact with existing market structures such as APs and market makers, and whether on-chain trading will be treated the same as exchange trading under US securities rules.

Regulatory And Custody Questions Remain

Regulators, custodians and auditors face hard choices about legal rights, disclosure and investor protections for tokenized securities.

On the basis of sector coverage, firms continue to sort out custody architectures and legal wrappers that provide enforceable claims on the underlying assets to token holders.

Various jurisdictions might draw different conclusions, which would impede cross-border adoption or confine rollouts to individual markets.

Bitcoin Fund Success Spurs Speculation Over Tokenized ETFs

BlackRock’s investigation into tokenized ETFs is a follow-up on the success of its Bitcoin fund, already attracting robust inflows and market interest.

The firm’s success in that department is now generating speculation that its next move will be to take pieces of its multi-trillion-dollar ETF business on-chain.

Should the transition occur, it would represent one of the biggest steps so far by a global asset manager towards investment products based on blockchain.

Featured image from Leonardo Munoz / VIEWpress, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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Crypto Trends

Solana Jumps Above $240, Hitting Highest Price Since January

by admin September 12, 2025



In brief

  • Solana surged 5.5% and hit $241, reaching its highest level since late January amid growing institutional interest.
  • Forward Industries secured a $1.65 billion PIPE deal led by Galaxy Digital, Jump Crypto, and Multicoin Capital, boosting SOL momentum.
  • BIT Mining adds 17,221 SOL to treasury as prediction market traders grow 89% confident SOL will hit $250 before $130.

Solana surged 5.5% on Friday and hit a daily peak above $241—the highest price seen since late January, as SOL gets a bullish boost from institutional interest.

Forward Industries, a Nasdaq-traded design firm that serves medical and technology companies, announced earlier this week it had inked a $1.65 billion private investment in private equity, or PIPE, deal led by crypto financial services company Galaxy Digital, infrastructure firm Jump Crypto, and venture capital firm Multicoin Capital.

The company, which trades on the NasdaqCM exchange under the FORD ticker, saw its price briefly touch $46 on Friday. But at the time of writing, it’s fallen back to $37.72. Despite the retrace, it’s still trading 9.41% higher than yesterday.



Solana climbed above $215 when the PIPE deal was announced at the start of the week, but it’s reached even higher highs in the 24 hours since the deal closed. As of this writing, Solana is still 18% shy of the $293.31 all-time high that it set in January, according to crypto price aggregator CoinGecko.

With the latest price move, users on Myriad, a prediction market owned by Decrypt parent company DASTAN, have become increasingly certain that SOL will keep climbing. In the past week, users who think Solana will rise to $250 sooner than it can drop to $130 have increased from 66% to 89%, as of this writing.

The token’s price has also been boosted by the news that BIT Mining, which plans to change its New York Stock Exchange ticker to SOLAI, has added 17,221 SOL to its treasury. In July, the company saw its shares, which currently trade under the BTBT ticker, soar to more than $5 per share after the Akron, Ohio firm said it would begin building a Solana treasury.

At the time of writing, BTBT is trading for approximately $3 per share after having gained 1.9% on the day.

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