Tag:

Million

Decrypt logo
GameFi Guides

Helius Stock Dives After First Solana Treasury Buy for $168 Million in SOL

by admin



In brief

  • Helius Medical Technoligies (HSDT) shares are down more than 16% on Monday.
  • The firm announced it acquired 760,190 SOL in its first Solana acquisitions, valuing its treasury at $168 million.
  • It maintains an extra $335 million in cash, which it will ultimately use to bolster its treasury.

Shares in medical device and neurotech company Helius Medical Technologies dropped 16% on Monday amid news that the firm made its first Solana treasury acquisition. 

Helius added 760,190 SOL at an average purchase price of $231, valuing its treasury at around $168 million. It still maintains around $335 million in cash which will help propel further additions to its Solana treasury. 

“It has been gratifying to receive shows of support from multiple stakeholders across the Solana ecosystem, including staking providers, DeFi protocols and others,” said Helius Executive Chairman Joseph Chee, in a statement. “We take our responsibility to maximize shareholder value seriously and are eager to execute against our plan.”



The firm first announced its intentions to build a Solana treasury last week, raising $500 million via an oversubscribed private placement in public equity (PIPE) led by Pantera Capital and Summer Capital to kick off its treasury operations. 

The news sent shares of HSDT up 141% to $18.27 in the process last Monday. It climbed further still throughout the week, closing trading on Friday at $24.29.

With its strategy officially underway though, shares have fallen to $20.19 as of this writing. Even so, it’s still up about 218% over the last month.

“We are excited to embark on our SOL accumulation plan in an efficient manner,” Cosmo Jiang, a general partner at Pantera Capital and a board observer at Helius, said in a statement. 

“The initial accumulation at a lower cost basis than recent market prices, while still retaining the large majority of its capital raised for more opportunistic purchases, showcases how laser focused the team is on maximizing shareholder value by having market awareness and being responsible stewards of capital,” he added.

Solana traded above the firm’s average purchase price of $231 all last week, but slipped below the mark on Monday. SOL is down around 6.9% in the last 24 hours and now down 5% on the week, changing hands at $221.19.

SOL’s drop on Monday has led to a notable shift in odds for Myriad Markets’ Solana all-time high market, which asks predictors whether or not the asset will hit a new peak price before the end of 2025. Odds of a new all-time high stand at 50%, down 13.6% in in the last 24 hours as the token has fallen. 

(Disclaimer: Myriad Markets is a product of Decrypt parent company, DASTAN).

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Massive $415 Million XRP Transfer Hits Ledger, Ripple Rumors Follow
NFT Gaming

Massive $415 Million XRP Transfer Hits Ledger, Ripple Rumors Follow

by admin


  • XRP price sell-off triggers cascade of liquidations
  • Bottom line

Whale Alert tracked a single transfer of 141,818,659 XRP, worth $415,624,232 at the time. At first, it appeared to be a typical mystery whale transaction, or possibly Ripple moving its supply.

However, on-chain data suggests otherwise, as both ends of the transaction are Kraken-linked addresses. The sending account’s last outbound transfer was for 99,018,954 XRP, and the receiving account — activated via a Kraken tag — now holds 141,818,661 XRP. 

This suggests internal shuffling between exchange wallets rather than tokens being released onto the market.

XRP price sell-off triggers cascade of liquidations

The transfer itself did not affect the price right away. XRP traded at around $2.85 after the alert was issued. It was not until approximately four hours later that Bitstamp showed a decline to $2.68 — a fall of around 6% from the intraday high — before recovering to above $2.82. 

The dump likely came from separate market flows, while the transaction was an event of exchange management that just happened to hit public feeds on the same day.

Bottom line

Major platforms commonly make these kinds of giant wallet moves to rebalance hot and cold storage, stage liquidity for clients or consolidate deposits. It is the notional size that grabs attention, because $415 million in one transaction is enough to raise eyebrows, even if the coins never touch the order book. 

Ripple was not involved here, but every time hundreds of millions of dollars’ worth of XRP are reshuffled on the blockchain, the conversation comes back to Ripple’s role.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Mega 312,233 SOL Deposit Worth $75 Million Crashes Into Coinbase
Crypto Trends

Mega 312,233 SOL Deposit Worth $75 Million Crashes Into Coinbase

by admin


A whale-sized move has just hit Solana (SOL), once again shifting attention back to order books. A total of 312,233 SOL, worth $75,156,559 at the spot price, was transferred to Coinbase Institutional, making it one of the largest individual Solana transactions of recent days and instantly triggering speculation across trading desks.

Whale Alert sounded the first alarm and Arkham confirmed the path: The funds were routed from a Coinbase Prime deposit to a Coinbase Prime hot wallet, with FalconX infrastructure visible in the transaction trail two days earlier, reinforcing the institutional footprint.

At $238 per SOL, this transaction cannot be ignored. This inflow is equivalent to weeks of typical retail flow compressed into a single transaction.

SOL/USDT by TradingView

Against this background, the significance of the transaction is even clearer: Solana has been on an aggressive climb in September, rising from $190 at the end of last month to reach $257.91 at the upper Bollinger Band, before settling in the $238 zone where buyers and sellers are now locked.

The chart is boxed in: $226 is the level that must hold, while $258 is the breakout number that could change market positioning in a matter of hours.

Bottom line

What this transfer means depends on its purpose. If it’s for distribution, then the $75 million held on Coinbase could quickly impact the order books.

However, if it is internal reshuffling or liquidity routing, the chart will remain in play, and the question will be whether bulls have the strength to force a clean push through the $258 ceiling and turn resistance into support.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Pi Network’s $136 million mystery whale fuels breakout hopes
NFT Gaming

Pi Network’s $136 million mystery whale fuels breakout hopes

by admin



Pi Network’s token has been stuck in a tight range for weeks, but an anonymous whale quietly amassing more than $136 million worth of PI is stirring speculation that a breakout may be on the horizon.

Summary

  • The whale’s steady daily buying spree has raised eyebrows across the market—whether it’s a bold contrarian bet, a sign of insider knowledge about a potential exchange listing, or simply conviction that Pi Coin is undervalued.
  • Combined with a surging Altcoin Season Index, bullish technical signals like a narrowing Bollinger Band squeeze and a forming falling wedge pattern suggest PI could be on the cusp of a sharp rally.
  • For now, the mystery buyer’s relentless accumulation has become the catalyst keeping traders glued to Pi Network’s next move.

Pi Network price may jump as whale buying continues

One major catalyst for the Pi Coin (PI) price is that one mysterious whale continues to accumulate it. PiScan data indicates that the investor is purchasing new coins almost daily. His holdings have now jumped to over $136 million. 

The ongoing whale buying is a bullish aspect because it is unclear who the buyer is and why they are making these purchases. He may be an ordinary investor who believes that the Pi Coin price is cheap and that it will ultimately rebound. 

Another potential reason is that the whale could be a connected individual with insider information. For example, the whale could be part of a major centralized exchange that knows when it will list it, a move that would push it much higher. 

Further, the coin may benefit as the altcoin season continues. CMC data shows that the Altcoin Season Index has jumped 79, a trend that will continue in the coming months. In most cases, altcoins tend to do well when this season is underway.

Pi Coin price has contrarian technicals

Pi Network price chart | Source: crypto.news

Technical analysis reveals that the Pi Coin value has several highly contrarian catalysts that will likely drive it higher in the near term. 

The accumulation and distribution indicator has jumped to the highest point since May. This indicates that the asset is in the accumulation phase of the Wyckoff Theory, followed by the markup phase, where demand increases. 

The spread of the three lines of the Bollinger Bands has narrowed substantially in the past few months. In most cases, this performance of the Bollinger Bands leads to a squeeze.

A good example of a similar short-squeeze is what happened recently when the OKB price surged after the developers announced a major token burn. Pi Network may replicate such a move if there is an important announcement. 

Additionally, the coin has formed a highly bullish falling wedge pattern whose two lines are about to converge. This pattern often leads to a strong bullish breakout over time.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Ethereum
NFT Gaming

Ethereum ETFs Register $557 Million Inflows As BlackRock Leads the Charge

by admin


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

According to data from SoSoValue, the Ethereum spot ETFs saw another strong week of bullish trading activity in the third week of September, recording $556.92 million in net inflows. While the figure is slightly below the $637.79 million inflows registered during the second week, the performance underscores sustained investor appetite for Ethereum exposure through regulated institutional vehicles.

Despite the rocky start to the month, marked by $787.74 million in net outflows during the first week of September, Ethereum ETFs have now swung back into positive territory, with a cumulative September net deposit of $406.97 million.

BlackRock Dominates ETF Flows Again

In analyzing the Ethereum ETFs’ performance for the last week, BlackRock’s iShares Ethereum Trust (ETHA) continues to establish itself as the dominant player, after recording an impressive $513.01 million in net inflows, i.e, more than 92% of total ETH ETF inflows. With this momentum, BlackRock’s ETHA now holds $13.40 billion in cumulative inflows and $17.09 billion in net assets under management (AUM), reinforcing its position as the clear market leader.

In usual fashion, other funds lagged well behind in comparison. Grayscale’s Ethereum Mini Trust (ETH) posted a distant second with $17.99 million in net inflows, followed by Fidelity’s FETH with $15.18 million. Other ETFs with significant traction included Grayscale’s legacy ETHE trust, which added $13.60 million, and Bitwise’s ETHW, which attracted $7.52 million.

However, not all funds shared in the positive momentum as VanEck’s ETHV lost $8.16 million while Invesco’s QETH saw a minor $1.73 million in outflows, highlighting uneven performance across the sector. Taken together, all Ethereum ETFs now report $29.64 billion in total net assets, supported by $13.29 billion in cumulative inflows.

The latest numbers demonstrate that despite volatility in ETH spot prices and mixed performance among smaller ETFs, overall institutional demand for Ethereum remains robust. With BlackRock’s ETHA capturing the lion’s share of flows, its performance will likely remain a bellwether for the sector. If sustained, these inflows would continue to position Ethereum ETFs as a central driver of Ethereum’s institutional adoption heading into 2026.

Related Reading: Stocks Over Spot: The Case For Buying Bitcoin Treasury Companies Instead Of BTC

Bitcoin ETFs Record $887 Million

Meanwhile, Bitcoin ETFs also saw remarkable momentum in the third week of September, recording $886.65 million in net inflows, to push the monthly total to $3.48 billion. Similar to its Ethereum ETF counterpart, BlackRock’s iShares Bitcoin Trust (IBIT) dominated the market once again, leading with $866.84 million in aggregate inflows.

At the time of writing, total net assets across all Bitcoin ETFs now stand at $152.31 billion, representing 6.63% of Bitcoin’s total market capitalization. Meanwhile, cumulative inflows have reached $57.72 billion.

ETH trading at $4,477 on the daily chart | Source: ETHUSDT chart on Tradingview.com

Featured image from IQ.Wiki, 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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Coinbase CEO: 'Good Chance' Bitcoin Price Hits $1 Million
Crypto Trends

Coinbase CEO: ‘Good Chance’ Bitcoin Price Hits $1 Million

by admin


Coinbase CEO Brian Armstrong has reiterated his prediction that Bitcoin could potentially surge to as high as $1 million during his recent interview with Fox Business. 

In fact, Armstrong believes there is a “good chance” that the flagship token reaches seven digits before 2030. 

As reported by U.Today, Armstrong initially predicted that BTC could reach $1 million in August, arguing that regulatory clarity in the US would be the main catalyst for its bull run. 

Once again, he has mentioned the Genius Act as well as the market structure legislation.  

Moreover, the U.S. holding Bitcoin would be a massive potential driver of demand, and it could potentially encourage other G20 countries to follow suit.

Lastly, Armstrong claims that plenty of institutional money is now flowing into Bitcoin. 

“So, there are a lot of positive tailwinds for Bitcoin,” he said, adding that lots of pools of capital still haven’t gotten access to the flagship cryptocurrency.  

Bitcoin’s ambidextrous nature 

Armstrong has compared Bitcoin to gold, noting that it is something that people might actually flee to in times of uncertainty.  

That said, he tends to view BTC as a “hybrid” of risk-on and risk-off assets. 

As reported by U.Today, gold bug Peter Schiff recently opined that Bitcoin investors bet on the wrong horse after both U.S. equities and precious metals rallied to record highs while Bitcoin remained basically flat. 

However, Armstrong claims that he does not want to be caught up in short-term trends. 

“What I try to do is to look at the long-term trends,” he told Fox Business. 



Source link

0 comments
0 FacebookTwitterPinterestEmail
Investors flock to this viral coin poised to surge from under $0.003 to massive gains
NFT Gaming

Capital B raises over $68.8 million

by admin



In the world of crypto and fintech, several innovative projects have secured significant funding recently, further fueling the sector’s growth.

From Bitcoin-focused strategies to wealth management solutions, we’ve compiled a roundup of notable fundraising rounds, including projects raising over $20 million.

Summary

  • Capital B raised $68.9 million to expand its Bitcoin treasury, leading this week’s funding
  • Finary secured $29.4 million Series B for its wealth management platform expansion
  • Kredete raised $22 million Series A to build financial software for African immigrants

According to Crypto Fundraising data, Capital B (ex The Blockchain Group) led this week’s funding period with a $68.85 million raise focused on AI and Bitcoin ecosystem development.

Here’s a comprehensive analysis of this week’s other efforts:

Capital B (ex The Blockchain Group)

  • France-based Capital B raised $68.85 million to boost Bitcoin (BTC) holdings
  • So far, the Euronext-listed Bitcoin Treasury Company has raised a total of $146.89 million.

Finary

  • Wealth management platform Finary secured $29.4 million in a Series B round
  • Its investors include Ventures, Y Combinator, and Speedinvest

Kredete

  • The project has raised $22 million in a Series A round
  • Kredete is a financial software platform focusing on African immigrants
  • The funding was backed by Canary, Partech

Stablecore

  • Stablecore gathered $20 million; backers include Norwest Venture Partners, Coinbase Ventures, and Curql
  • The project is operating in asset management, finance/banking, and stablecoin sectors

Projects > $20 Million

  • GRVT, $19 million in a series A round
  • Mavryk Network, $10 million in a strategic round
  • Openverse, $8 million in a series B round
  • Titan, $7 million in a seed round
  • BIO Protocol, $6.9 million in a seed round
  • Senpi, $4 million in a seed round
  • Superform Labs, $1.42 million in a public sale
  • Epoch Protocol, $1.2 million in a pre-seed round



Source link

0 comments
0 FacebookTwitterPinterestEmail
Rekt acieves 1 million sales through Web3 strategy
Crypto Trends

Rekt reaches one million sales with digital-first strategy

by admin



Rekt Brands Inc. has sold over one million drinks, primarily through its own website, a milestone that challenges the notion that crypto-native communities cannot support massive, tangible product ventures beyond digital collectibles.

Summary

  • Rekt Brands surpassed one million direct-to-consumer drink sales in under a year.
  • The milestone highlights how Web3 communities can fuel real-world consumer growth.
  • Collaborations with MoonPay, Coinbase’s Base, OpenSea, and GameSquare boosted cultural reach.

According to a press release shared with crypto.news on Sept. 19, the Los Angeles-based company hit the seven-figure sales milestone in under a year, with the vast majority of transactions occurring directly through its e-commerce platform.

The milestone followed the sale of “Moon Crush,” a limited-edition beverage drop created in collaboration with crypto payments infrastructure firm MoonPay. According to Rekt, this direct-to-consumer approach allowed it to capture nearly all revenue and customer data, bypassing the traditional gatekeepers of retail distribution.

What Rekt’s model says about Web3 brands

Rekt’s business model highlights the growing influence of Web3 in areas once thought impervious to crypto-native strategies. By relying almost entirely on direct-to-consumer distribution, the company shows that digital communities can fuel growth at a pace traditionally seen in venture-backed CPG startups.

“It shows that a community-powered model can compete with and even surpass the fastest-growing CPG brands in history. We’re building not just a drinks company, but a cultural brand that lives at the intersection of Web2 and Web3,” Ovie Faruq, Co-Founder and CEO of Rekt Brands Inc., said.

The company’s growth has been fueled by partnerships with major industry players including MoonPay, Coinbase’s L2 Base, OpenSea, and Jupiter Exchange. Each collaboration, like the “Moon Crush” drop with MoonPay, acted as a cultural event, driving traffic and sales directly to Rekt’s digital storefront.

Notably, the most recent partnership with GameSquare involves the esports giant holding REKT tokens on its balance sheet and integrating the brand with FaZe Clan’s talent and jerseys, effectively blending Web3 loyalty with mainstream gaming culture.

The REKT token has been a cornerstone of this growth story. Issued in late 2024, it rewarded early supporters and reached a market capitalization of $600 million by August 2025, marking a rare example of a consumer-facing “brand coin” achieving material market value.



Source link

0 comments
0 FacebookTwitterPinterestEmail
US XRP ETF Launch Rockets to $24 Million in First 90 Minutes
NFT Gaming

US XRP ETF Launch Rockets to $24 Million in First 90 Minutes

by admin


Trading has officially opened for the first U.S. exchange-traded fund offering direct exposure to XRP. Listed on the CBOE under the ticker XRPR, the Osprey REX fund began trading at $25.80 against a net asset value of $25, starting small in scale but setting an important precedent. 

With initial assets of $625,000 and 25,000 shares outstanding, the fund provides regulated exposure to one of the world’s most widely traded digital assets via a standard brokerage account.

SEMI-SHOCK: Rex XRP ETF $XRPP is already at $24m in volume. That is way more than I would have thought. For context it’s 5x more than any of the XRP futures ETFs did on Day One and it’s only been 90min. pic.twitter.com/DKIDD6noZF

— Eric Balchunas (@EricBalchunas) September 18, 2025

XRPR holdings are split between CME’s CF XRP-Dollar Reference Rate (59%), CoinShares’ Physical XRP product (39%) and a small cash balance. This means that shares trade in the $25-$26 range rather than reflecting XRP’s price of $3.11 directly on crypto exchanges.

While the design did not surprise many on launch day, the volume did. Within just 90 minutes of trading, XRPR cleared $24 million in turnover, a figure five times higher than that achieved by any XRP futures-based ETF on its entire first day. 

What’s up with Dogecoin ETF DOJE?

Also sharing the stage is DOJE, the first U.S. Dogecoin ETF, which has also outperformed expectations. Bloomberg’s Eric Balchunas reported nearly $6 million in volume in the first hour, an extraordinary figure given that most ETFs struggle to exceed $1 million on day one.

Prices fluctuated between $27.11 and $26.43, while spot DOGE was trading at $0.282 on Binance.

The message from day one is clear: even without the support of Wall Street giants such as BlackRock, Osprey’s crypto ETFs have found buyers. XRP now has its first U.S. ETF representation, and Dogecoin has jumped from meme status to that of a regulated product — both achieving this with more force than anyone predicted.





Source link

0 comments
0 FacebookTwitterPinterestEmail
Skate Passes 2 Million Players As Dev Fixes A Major Issue
Game Updates

Skate Passes 2 Million Players As Dev Fixes A Major Issue

by admin



A lot of people have played EA’s new Skate game since it launched on September 16. How many? According to the developers, the new Skate–the first in 15 years–reached more than 2 million players in its first 24 hours.

“Beyond stoked”

“We’re beyond stoked to welcome everyone to San Vansterdam! Thanks for your patience as we flex our servers to keep up with all the hype. Keep riding and we’ll see you out there!” the developer said.

Skate is a free-to-play game that’s available in early access across PC and console (and coming to iOS and Android later). There is no Switch 2 version.

While the game is free, EA is selling a Founder’s Pack ($25) and a Founder’s Pack Deluxe ($50) that include a variety of extras. Some early-access games raise prices when they reach 1.0, but when Skate’s 1.0 release comes in about a year, the game will remain free, EA has said.

Major issue fixed

Beyond the launch-day server struggles for Skate, one of the issues that players called out was a “soft lock” bug that prevented players from progressing beyond certain parts in the game. Many people were impacted by this issue, and developer Full Circle has now addressed it.

If you’re just getting started with the new Skate, check out the gallery below that covers a few things you need to know before dropping in.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close