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Wall Street Will Make Ethereum 100x Stronger

by admin September 1, 2025

Ethereum’s Co-Founder and Consensys CEO Joseph Lubin has made one of his boldest predictions yet. He said Ethereum (ETH) could surge by 100 times its current price as Wall Street adopts staking and decentralized finance (DeFi) infrastructure.

In a post on X over the weekend, Lubin said that traditional finance firms will eventually run validators, stake ETH, operate layer-2 and layer-3 networks, and even write smart contracts as they shift their operations onto Ethereum rails.

I am 100% aligned with almost all of what Tom @fundstrat says here.

Yes, Wall Street will stake because they currently pay for their infrastructure and Ethereum will replace much of the many siloed stacks they operate on (e.g. JPMorgam probably operates on several siloed stacks… https://t.co/bW93kkX1gW

— Joseph Lubin (@ethereumJoseph) August 30, 2025

“ETH will likely 100x from here. Probably much more,” he wrote, adding that Wall Street currently pays heavily for siloed infrastructure that Ethereum could replace.

Ethereum as Wall Street’s Backbone

Lubin, a former Goldman Sachs executive and a key architect of Ethereum since 2014, argued that banks and financial institutions will transform into “TradFi companies running on decentralized rails.” He highlighted that staking and smart contract infrastructure will become essential for agreements, processes, and financial instruments.

His comments echo those of Fundstrat’s Tom Lee, who, in August, projected that Wall Street adoption could push Ethereum to surpass Bitcoin in terms of network value. Lubin said he is “100% aligned” with Lee, declaring, “Yes, Ethereum/ETH will flippen the Bitcoin/BTC monetary base.”

Moreover, VanEck CEO Jan van Eck recently labeled Ethereum “the Wall Street token,” warning banks that they must adopt Ethereum to facilitate stablecoin transfers or risk losing ground.

Stablecoins and Institutional Demand on the Rise

Lubin’s prediction comes at a time when Ethereum’s ecosystem is witnessing record growth in stablecoins. According to Token Terminal, the total stablecoin supply on Ethereum has surpassed $160 billion, more than doubling since January 2024. Tom Lee noted that “stablecoin demand seems exponential on Ethereum.”

Institutional interest in Ethereum has been gaining momentum at a rapid pace. Since June 2025, companies like Bitmine Immersion and Sharplink Gaming have added about 2.6% of all ETH to their reserves, worth over $6 billion.

Along with the fresh inflows into Ethereum ETFs, institutions now hold close to 5% of the entire supply. BlackRock and VanEck have already committed billions through these funds, a clear sign that Ethereum is becoming a serious player in corporate treasuries and big investment portfolios.

Banks like JPMorgan and Goldman Sachs, which have been testing Ethereum-based systems for nearly 10 years, are also pushing deeper into the network.

While Bitcoin still leads as the primary store of value, Lubin believes Ethereum’s adaptability and Wall Street’s embrace of its staking and DeFi systems could finally trigger the long-anticipated “flippening.” If his 100x price forecast proves accurate, Ethereum may evolve from a smart contract platform into the core infrastructure of global finance.

Also Read: Investors Shift $900M Daily from Bitcoin to Ethereum: Analyst

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September 1, 2025 0 comments

GameFi Guides

Fundstrat’s Tom Lee Reveals Why Investors Left Ethereum For Solana, But What Does Wall Street Want?

by admin August 30, 2025

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

Tom Lee, veteran trading analyst, Fundstrat co‑founder, and the strategist behind BitMine’s Ethereum treasury strategy, is once again championing Ethereum.

During an interview with Mario Nawfal on X, Lee acknowledged how the broader crypto community appeared to abandon Ethereum in favor of faster alternatives like Solana and Sui. However, institutional investors, particularly Wall Street players, value something far more important, which only Ethereum can provide.

Retail Chases Speed, Wall Street Favors Reliability

In the interview, Lee challenges the belief that blockchain networks must prioritize transaction speed above all. Rather, he argues that institutional investors, particularly Wall Street investors, place much greater value on uptime and reliability, qualities that Ethereum has despite being slower at its base layer.

Lee said that retail investors abandoned Ethereum because they thought faster was better, leading them toward high-throughput networks like Solana and Sui with seemingly superior economics. But according to him, Wall Street thinks differently. Institutions prioritize “100 % uptime,” because they can always deploy on layer‑2 solutions to compensate for Ethereum’s base-layer speed limitations.

Interestingly, Lee pointed to staking as another factor in which Ethereum is better than its counterparts. According to Lee, staking isn’t just about yield, but it’s about influence. “If Goldman stakes enough ETH, they have a positive voice on the Ethereum itself and how they upgrade,” he said. In short, institutional stakeholders like Goldman Sachs would care more about influencing Ethereum through staking, but this is not a weakness.

SOLUSD now trading at $202. Chart: TradingView

Lee noted that many veteran investors he recently spoke with still see Ethereum as underperforming, not because of any technological shortcomings, but because its price consistently lagged behind Bitcoin for months. However, this perception is now beginning to shift with Ethereum’s price action since July.

After Ethereum broke past $4,800, the strength in price is improving confidence among crypto investors, and this momentum could set the stage for much larger growth for its price action in the near future.

Ethereum Price Action

Ethereum indeed has been on a remarkable upward arc since July. In late August 2025, the Ethereum price smashed through its previous all‑time high and traded above $4,880 for the first time since 2021, before finally peaking at $4,946. This, in turn, saw the Ethereum total market cap almost hitting the $600 billion mark

The rally wasn’t just price action. It echoed structural shifts in the institutional inflow dynamics into large cryptocurrencies, especially as seen in the performance of Spot Ethereum ETFs compared to Bitcoin.

Although Ethereum has since entered into a correction path down to the $4,400 level, the sentiment surrounding Ethereum is still bullish. Analysts have raised year‑end forecasts of Ethereum from between $6,000 and $12,000, based on increased institutional engagement and a positive influence from the US Genius Act. At the time of writing, Ethereum is trading at $4,390, up by 1.1% in the past 24 hours.

Featured image from Unsplash, chart from TradingView

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August 30, 2025 0 comments

Crypto Trends

Tom Lee Destroys Ethereum Speed Myth, Wall Street Wants 100% Uptime

by admin August 29, 2025

Tom Lee, the cofounder of Fundstrat, has debunked an assumption that has floated around in the cryptocurrency space about Ethereum (ETH). Lee claims that institutional investors on Wall Street are more concerned about performance and reliability than speed.

Unusual advocacy for Ethereum

In an interview, Lee maintained that Ethereum’s uptime and decentralization make it attractive to large-scale finance. Hence, given that institutions care more about reliability and security than they do about raw speed, Ethereum has an edge among rival blockchains.

Ethereum price outlook shows signs of major cycle

Tom Lee pointed out that although Ethereum has not posted multiple new all-time highs (ATH) since the 2021 bull market, things are looking different now. The leading altcoin has gained over 14% in the last 30 days and managed to find stability above $4,000 for the greater part of this time period.

VanEck CEO Calls Ethereum ‘The Wall Street Token’ As Institutional Adoption Rises

by admin August 29, 2025

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

Investment management firm VanEck’s CEO, Jan van Eck, said on Fox Business yesterday that Ethereum (ETH) is very much “the Wall Street token.” His comments come as ETH hovers near a potential new all-time high (ATH), drawing renewed attention from both retail and institutional investors.

Ethereum Essential For Stablecoin Transfers

In a recent interview with Fox Business, VanEck CEO shared thoughts on ETH’s current momentum – both in terms of price and adoption. The executive said that banks must adopt the smart contract network to facilitate stablecoin transactions.

For the uninitiated, stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to a reserve asset like the US dollar. They combine the speed of crypto with the stability of traditional currencies, making them widely used for payments, trading, and remittances.

Until recently, banks were cautious about stablecoins due to regulatory uncertainty and their association with the broader, volatile crypto market. However, following the passage of the GENIUS Act, attitudes have begun to shift.

Regulators are now offering a clearer framework for digital asset operations, and commercial institutions are increasingly open to adopting stablecoins as part of their financial infrastructure.

Speaking on Fox Business, Jan van Eck said it is essential for banks and commercial institutions to adopt a blockchain to enable stablecoin movements. Among the several potential candidates, the VanEck CEO thinks Ethereum holds a competitive advantage. He added:

So the winner is, who’s going to be building on these blockchains? It’s going to be Ethereum or something that uses Ethereum kind of methodology, which is called EVM.

This is not the first time VanEck has highlighted Ethereum’s role in the evolving digital economy. In a recent report, the firm suggested that Ethereum could one day surpass Bitcoin (BTC) as the preferred store of value, citing ETH’s declining issuance rate and expanding network utility as key drivers.

Stablecoin adoption has accelerated since Donald Trump’s victory in the November 2024 US presidential election. The state of Wyoming recently launched its own stablecoin, FRNT, marking the first such initiative by a US state government.

Meanwhile, Treasury Secretary Scott Bessent projected that the stablecoin market could grow to as much as $3.7 trillion by 2030. Investment banks are also weighing in as Citigroup recently estimated the market could expand sevenfold within five years.

ETH Adoption Outshines Bitcoin

Ethereum’s broad utility continues to give it an edge over Bitcoin. While BTC remains primarily a store of value and an inflation hedge, ETH powers decentralized finance (DeFi), non-fungible tokens (NFTs), and functions as a global settlement layer for digital payments.

Against that backdrop, an increasing number of firms are actively adding ETH to their balance sheets. For example, SharpLink Gaming recently purchased another 56,533 ETH, increasing its total holdings close to 800,000 tokens.

Source: SoSoValue.com

Recent exchange-traded funds (ETF) data also shows ETH ETFs outperforming their Bitcoin counterparts for seven consecutive days. At press time, ETH trades at $4,473, down 3.2% in the past 24 hours.

Ethereum trades at $4,473 on the daily chart | Source: ETHUSDT on TradingView.com

Featured image from Unsplash.com, charts from SoSoValue and TradingView.com

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August 29, 2025 0 comments

NFT Gaming

VanEck CEO: ‘Ethereum Is Wall Street Token’

by admin August 28, 2025

More ETF inflows
Whale bets more on ETH

During a recent appearance on Fox Business, VanEck CEO Jan van Eck stated that Ethereum (ETH) is “the Wall Street token.”

He is convinced that Ethereum will be at the very center of the stablecoin bonanza that is taking over financial institutions.

“It’s going to be Ethereum or something else that uses Ethereum’s kind of methodology called EVM,” van Eck said.

More ETF inflows

According to data provided by SoSoValue, BlackRock’s ETHA attracted another $262 million worth of Ethereum (ETH) on Wednesday, which shows a consistently high level of institutional demand.

The blockbuster ETF now boasts more than $17 billion worth of total assets.

Whale bets more on ETH

According to data provided by analytical firm Lookonchain, a whale continues to add to his Ethereum (ETH) long, which has now approached a staggering $298 million.

ETH is currently changing hands at $4,571, according to CoinGecko data.

The whale in question will get liquidated if the price of the flagship altcoin drops below $4,343.

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August 28, 2025 0 comments

Product Reviews

Grok’s Tips On How to Assassinate Elon Musk Are One More Red Flag For Wall Street

by admin August 27, 2025

Wall Street tech watchers that had only recently recovered from Elon Musk’s AI chatbot going rogue are now quietly reassessing the technology, after a new leak of thousands of user conversations show it teaching people how to make drugs, assassinate Musk himself, and build malware and explosives.

Luckily for xAI, the company that created Musk’s AI chatbot Grok, the chatbot in question, it is not a publicly traded company, so no public investor or shareholder backlash has forced down its share price or pressured its executives over privacy concerns.

But the extent of the leak has made it headline news for days and has sounded new alarms with privacy experts, who have already had a long summer filled with misbehaving tech and the companies, or billionaire moguls, that make it.

So what did Grok do now?

More than 370,000 user conversations with Grok were publicly exposed through search engines like Google, Bing and DuckDuckGo on Aug. 21. That led to the posting of a wide range of disturbing content and sent its creator, xAI, scrambling to contain the fallout and fix the malfunction that reportedly caused the leak.

What kind of disturbing content? Well, in one instance, Grok offers up a detailed plan on how to assassinate Musk himself, before walking that back as “against my policies.” In another exchange, the chatbot also helpfully pointed users to instructions on how to make fentanyl at home or build explosives.

Forbes, which broke the story, reports that the leak stemmed from an unintended malfunction in Grok’s “share” function, which allowed private chats to be indexed and accessed without user consent.

Neither Musk nor xAI responded to a request for comment. Its creator has not yet publicly addressed the leak.

So how detailed is detailed?

In this instance, pretty detailed.

“The company prohibits use of its bot to “promot[e] critically harming human life or to ‘develop bioweapons, chemical weapons, or weapons of mass destruction,’” Forbes reports.

“But in published, shared conversations easily found via a Google search, Grok offered users instructions on how to make illicit drugs like fentanyl and methamphetamine, code a self-executing piece of malware and construct a bomb and methods of suicide,” it said.

Wait, what was that about assassinating Elon Musk?

Yes, Forbes says that is also in this leak, and it was reportedly a pretty extensive plan.

“Grok also offered a detailed plan for the assassination of Elon Musk,” Forbes’ reporting continues. “Via the ‘share” function,’ the illicit instructions were then published on Grok’s website and indexed by Google.”

A day later, Grok offered a modified response and denied assistance that would incorporate violence, saying, “I’m sorry, but I can’t assist with that request. Threats of violence or harm are serious and against my policies.”

When asked about self-harm, the chatbot redirected users to medical resources, including the Samaritans in the UK and American mental health organizations.

It also revealed that some users appeared to experience “AI psychosis” when using Grok, Forbes reports, engaging in bizarre or delusional conversations, a trend that has been raising alarms about the mental health implications of deep engagement with these systems since the first chatbot became public.

How could Grok be used in a business setting?

Musk’s chatbot caught Wall Street’s eye pretty much as soon as it debuted in November 2023, But what xAI says it can do and what it actually has done continue to be in flux.

The company says that Grok offers a range of functions that can be valuable for business operations, like using tools to automate routine tasks, analyze real-time market data from X, and streamline workflows through its application programming interface (API).

The ways it could actually be used by businesses varies, but investors who have been kicking the tires on this particular chatbot have continued to raise concerns about its accuracy. The way the chatbot handles privacy has also been an issue, but is now front and center for experts.

“AI chatbots are a privacy disaster in progress,” Luc Rocher, an associate professor at the Oxford Internet Institute, told the BBC.

Rocher said users who disclosed everything from their mental health to how they run their businesses are another example of how chatbots are handling private data, despite how public that data may one day become.

“Once leaked online, these conversations will stay there forever,” they added.

Carissa Veliz, an associate professor in philosophy at Oxford University’s Institute for Ethics in AI, told the BBC that Grok’s “problematic” practice of not disclosing which data will be public is concerning.

“Our technology doesn’t even tell us what it’s doing with our data, and that’s a problem,” she said.

Grok has also been studied by analysts and researchers to test if it has the potential to increase productivity, but how reliable it is at relaying correct information remains a work in progress. Without consistently true and verifiable information, it is likely still too nascent to do much without having serious oversight over its possible accuracy or bias.

For many analysts and advisers, that makes investing in Grok a proceed-with-caution scenario.

“Speculation isn’t bad, but unmanaged speculation is dangerous. Grok is a hot story, but it’s still early stage,” Tim Bohen, an analyst at Stocks to Trade, writes. “The model could stall. The platform could underperform. The hype cycle could peak before fundamentals catch up. Traders need to know the risks.”

Musk previously flamed ChatGPT for a similar leak

In a classic episode of Musk’s ongoing telenovela with the world, OpenAI also experimented briefly with a similar share function earlier this year. It stopped that quickly after around 4,500 conversations were indexed by Google and issue grabbed media attention. But the problem had already caught Musk’s attention, leading him to tweet, “‘Grok FTW.” Unlike OpenAI, Grok’s “Share’”

Users who have now found their private conversations with Grok leaked told Forbes they were shocked by the development, particularly given Musk’s earlier criticism of a similar tool.

“I was surprised that Grok chats shared with my team were getting automatically indexed on Google, despite no warnings of it, especially after the recent flare-up with ChatGPT,” Nathan Lambert, a computational scientist at the Allen Institute for AI who had his exchange with the chatbot leaked, told the Forbes.

No word from Musk or OpenAI’s Sam Altman on who gets FTW this time.

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August 27, 2025 0 comments

Crypto Trends

Bitcoin ETFs Shed $645M This Week as Wall Street Retreats Ahead of Powell Speech

by admin August 20, 2025

In brief

Bitcoin ETFs recorded $645 million in outflows across two days, with Fidelity’s FBTC leading redemptions Tuesday at $246.9 million.
Analysts attributed the outflows to investors de-risking ahead of Fed Chair Powell’s Jackson Hole speech.
The selloff reverses a $4.7 billion inflow streak from mid-July to early August, though analysts characterize the movement as tactical positioning rather than institutional capitulation.

Bitcoin exchange-traded funds bled $645 million over two trading sessions as institutional investors pulled capital from crypto markets, a major reversal since the digital asset’s summer rally began stalling.

Bitcoin ETFs saw $121.7 million in outflows on Monday and $523.3 million on Tuesday according to Farside Investors data, while Ethereum funds mirrored the weakness with $196.6 million and $422.2 million withdrawn on the same days.

Fidelity’s FBTC led the exodus with $246.9 million in redemptions, while Grayscale’s GBTC shed $115.5 million and Bitwise’s BITB lost $86.8 million across the two-day period.

Investors derisking ahead of Powell speech

Illia Otychenko, lead analyst at CEX.IO, told Decrypt that spot Bitcoin ETFs are seeing outflows as investors “scale back risk ahead of the Jackson Hole meeting and Jerome Powell’s speech on Friday.”

The latest withdrawals break momentum from mid-July through early August, when Bitcoin ETFs saw $4.7 billion in inflows at roughly $135 million a day.

Otychenko attributed the selling to weak job growth combined with mixed inflation data that “left the Fed in a difficult spot, leaving the markets more uncertain about the path of future rate cuts.”

Net Taker Volume, which tracks whether buyers or sellers dominate exchange activity, plummeted to its “lowest point since December 2021,” indicating widespread selling pressure, he said.

The analyst noted that Bitcoin’s rallies since March have followed a weakening pattern, with “each breakout weaker, with smaller price moves and lighter trading volume.”

Dean Chen, analyst at Bitunix, shared similar sentiment, telling Decrypt the outflows stem from two main drivers: macro de-risking as “U.S. PPI came in hotter than expected” and issuer-level profit taking ahead of Powell’s Jackson Hole speech.

He noted that BlackRock’s IBIT recorded zero flow, which “tells us this is more tactical de-risking than broad institutional exit.”

Konstantin Anissimov, global CEO of Currency.com, also remarked to Decrypt the outflows represent “a broad de-risking move rather than a problem with any single ETF.”

He pointed out that redemptions shifted from BlackRock and ARK on Monday to Fidelity, Grayscale, and Bitwise the following day, showing “investors across the board are taking some chips off the table.”

Despite the substantial ETF outflows, Bitcoin’s price is down just 1.5% on the day according to CoinGecko data, which Anissimov attributed to buyers using “$32 billion in stablecoin cash sitting on exchanges” to absorb the selling.

He characterized institutional sentiment as “cautious right now, but not panicked,” calling the movement “short-term profit-taking” rather than a fundamental shift.

Markets now enter a critical waiting period as Powell’s address approaches, with institutional flows likely to remain volatile until monetary policy clarity emerges.

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August 20, 2025 0 comments

Crypto Trends

Morning Minute: Wall Street Loads Up on Bitcoin

by admin August 18, 2025

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

Crypto majors dip 3-6% overnight; BTC holds at $115,000
Gemini files to go public with ticker GEMI, timing TBD
BTCS becomes first TreasuryCo to issue a ‘Bividend’, offers blockchain dividend
Adam Back’s Bitcoin Standard TreasuryCo to launch with 30k BTC + $1.5B
LIGHT eco rallies over the weekend, latest launchpad challenger to Pump

🏦 Wall Street Loads Up on Bitcoin via ETFs

Some of the biggest players in the world are piling billions into BTC funds.

Yet the average professional fund manager is barely allocated. What gives?

📌 What Happened

Wall Street and global institutions dramatically increased their Bitcoin exposure in Q2, pouring billions into spot ETFs like BlackRock’s (IBIT) and related crypto equities.

SEC filings reveal that heavyweights like Brevan Howard, Goldman Sachs, Harvard, Wells Fargo, Jane Street, and even Norway’s sovereign wealth fund all boosted their positions, signaling growing comfort with BTC as a core allocation.

Some of the most notable moves:

Brevan Howard nearly doubled its IBIT stake to 37.9M shares worth $2.6B, making it one of the largest institutional holders.
Goldman Sachs reported $3.3B across IBIT and Fidelity’s Wise Origin Bitcoin Trust (FBTC), plus $489M in Ethereum’s ETHA trust.
Harvard disclosed a $1.9B stake in IBIT, while Abu Dhabi’s Mubadala continues to hold $681M.
Wells Fargo quadrupled IBIT holdings to $160M, alongside a small GBTC stake.
Cantor Fitzgerald pushed past $250M in IBIT while adding exposure to Strategy (MSTR), Coinbase (COIN), and Robinhood (HOOD).
Trading giant Jane Street now owns $1.46B of IBIT, making it its largest position after Tesla.
Norway’s $2T sovereign wealth fund indirectly holds 7,161 BTC (~$841M) via equity stakes in MSTR, Coinbase, Block, and others – up 192% YoY.

Yet, the average professional fund manager in the US is barely allocated.

A survey from Bank of America showed that the average fund manager has just 0.3% allocated to crypto.

And a whopping 75% have 0 exposure.

🗣️ Why It Matters

It’s a tale of two groups.

Institutions are clearly piling into BTC and crypto right now, including the biggest names in finance, academia, and even nation-states.

The sheer scale of these positions ($2B+ for Brevan Howard, $3B+ for Goldman, $1.9B for Harvard) validates Bitcoin as an institutional-grade asset.

And it’s becoming clearer that spot ETFs are proving to be the gateway, offering clean, regulated exposure through familiar structures.

Yet, retail is sleeping, and their fund managers aren’t helping.

The fact that 75% of fund managers aren’t allocated at all is not surprising but is also staggering at the same time.

But the good news is – they are coming.

The more that the big names and institutions pile in, the “safer” it becomes for the average fund manager to recommend crypto as an investment.

It’s a lot easier to make safe, standard and consensus plays and collect fees than it is to go out on a limb and make contrarian, conviction calls.

Crypto won’t be contrarian much longer.

And the fund manager pivot is just a matter of time…

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

Crypto majors were red on the day; BTC -3% at $115,100, ETH -6% at $4,260, XRP -5% at $2.97, SOL -7% at $181
XMR (+4%) led top movers
Odds of a September rate cut have fallen from 99% to 83% after recent inflation data
The ETH ETFs saw new outflows on Friday, after a massive 8-session green streak that resulted in $3.7B in net inflows
The Federal Reserve officially ended its “novel activities” program that increased bank scrutiny of crypto
SEC Chair Paul Atkins announced the agency is developing new custody regulations for digital assets to increase clarity and security in the U.S. crypto markets
A recent survey showed professional fund managers allocate just 0.3% to crypto on average, and 75% have 0 exposure
Gemini filed to go public via Nasdaq with ticker GEMI, timing still TBD
Grayscale filed for a Dogecoin ETF on Friday
New York Assemblymember Phil Steck proposed a 0.2% excise tax on crypto transactions, estimating $158 M in annual revenue from the program

In Corporate Treasuries

SBET stock plunged 15% to $19.85 on Friday following a Q2 net loss of $103 M; the firm attributed losses to a $87.8M non‑cash impairment and $16.4M in stock‑based compensation
Metaplanet bought another 775 BTC for $93M, now holds 18,888
Adam Back’s Bitcoin Standard TreasuryCo is preparing to go public in a merger with Cantor Equity Partners, aiming to launch with 30,000 BTC + $1.5B in capital
BTCS announced it will issue a one-time blockchain dividend, ‘Bividend,’ of $0.05 per share in ETH, the first of its kind

In Memes

Memecoin leaders are very red on the day; DOGE -5%, Shiba -5%, PEPE -5%, PENGU -6%, BONK -8%, TRUMP -2%, SPX -9%, and FARTCOIN -5%
FORK was a top onchain runner, jumping 25x to $4.3M; NEET +36% to $13M was a notable mover
LIGHT ran 4x to $160M over the weekend after the team spent over $1.4M buying back and burning its token thanks to its flywheel (now $126M)

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

Polymarket introduced a ‘Breaking News’ tab, showing the top moving markets over the past 24 hours
Pump.fun flipped Hyperliquid in revenue on Sunday, though it still lagged on the week and month (Hype re-flipped it over the past 24 hours)
Story Protocol founder Jason Zhao resigned over the weekend, 3.5 years after starting Story (and $130M+ in funding later)

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

Overall market cap down 3% to $12.9B, leaders were red
FARTCOIN (-6%), VIRTUAL (-3%), TIBBIR (-8%), ai16z (-5%) & VVV (+9%)
VIRGEN (+84%), AVB (+17%) and CLANKER (+15%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

ETH NFT leaders were red alongside the ETH selloff; Punks -1% at 49 ETH, Pudgy -3% at 12.8, BAYC -3% at 11.3 ETH
0n1 Force (+29%) and Yumemono (+60%) were notable top movers
Bitcoin NFTs saw some green, led by Taproot Wizards (+4%) and Adderrels (+28%)
Abstract NFTs were mostly red, led by Pengztracted (+29%)
A Rektguy 1/1 sold for 10 ETH ($45,000)
Cerebro announced its mint details, launching on 8/21 with 6,969 NFTs for 0.08 ETH each

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August 18, 2025 0 comments