Blockchain data provider Covalent (CXT) repurchased 900,000 CXT tokens in August, effectively removing them from circulation. According to the company, a total of 7.7 million CXT (0.77% of the total supply) have been repurchased over the past year. “These tokens have been bought back on-chain and will never return to the market after the planned burns. The token is already fully unlocked, and this mechanism lays the foundation for a deflationary structure,” Covalent developers stated. Related News: JUST IN: New Details Emerge on the Anticipated $1 Billion Solana (SOL) Purchase The project's ecosystem support is noteworthy. According to their blog, integrations with over 150 blockchains, MiCA-compliant Revolut listings, and GoldRush API upgrades like HyperEVM support are among the factors supporting Covalent's revenue model. The company argued that daily buybacks will continue and that its “revenue cycle is accelerating” with ecosystem improvements. CXT is not listed on Binance and has a total market capitalization of $28 million. However, the token is trading 82% lower than its all-time high price record set nine months ago. *This is not investment advice. Continue Reading: Surprise Altcoin Announces It Has Burned a Significant Portion of Its Supply
Ethena (ENA) announced a new $530 million 'StablecoinX' deal. The foundation also launched a $310 million market buyback program. Details are coming… *This is not investment advice. Continue Reading: BREAKING: Altcoin in the Spotlight Announces $530 Million Deal and an Additional $310 Million Purchase
ETHENA ANNOUNCES FOLLOW-ON $530M STABLECOINX PIPE DEAL, FOUNDATION INITIATES NEW $310M OPEN MARKET BUYBACK PROGRAM Link $ENA #Ethena
As speculation builds towards the probable approval of a Solana ETF, the “Ethereum killer” is once again in the news. Market sentiment has improved, primarily due to Solana’s role as a high-speed blockchain. Alongside this, MAGACOIN FINANCE is being discussed as a hidden pick worth watching. Institutional Buzz Pushes Solana Into Focus Analyst suggest the demand for Solana ETFs could alter market flows this year. Now, Solana is the talk of the town, with traders pointing fingers at it as the most likely Ethereum competitor to capture the interest of institutions. It’s a development that could pave the way for a fresh rush of capital that historically has only found its way into Bitcoin and ETH. The ruling on ETF products in October is a key step. Nothing so far guarantees that it will be approved, but the hope alone has fueled frenzied trading. There are already a lot of investors entering the SOL market early, which is why SOL is poised for a potential move toward $220. Solana’s Network Strength Supports the Forecast Aside from ETF, Solana has good on-chain activity. Thanks to its robust TPS (transaction per second) rates, lively DApps, and developer activity, Cardano has transformed itself into a performance-led blockchain. Those factors help keep its valuation supported when the broader sentiment wobbles. Solana’s ability to process thousands of transactions at a low cost is one of the reasons some analysts think it is attractive to people who are interested in efficiency. This is the edge to which the ecosystem ventures beyond speculation. Technical Analysis Points to $220 Chart analysts highlight that Solana recently broke above key resistance zones, sparking discussions of a continued rally. With momentum building, traders are eyeing the $200 psychological level as the next checkpoint. Sustained buying pressure could allow SOL to extend further toward $220. Patterns on the daily chart resemble earlier breakouts during bullish cycles, reinforcing optimism. If buying interest tied to ETF news accelerates, Solana may be positioned to hit that $220 forecast within the coming quarter. Hidden Pick Gains Analyst Attention As Solana continues to dominate ETF news, analysts have also identified MAGACOIN FINANCE as a diamond in the rough. Its bold ROI projections make it a nice pairing with bigger coins, such as SOL, that persist in conversations. The increasing focus reflects investors diversifying between established leaders and more speculative growth tokens. Conclusion The Solana coin price prediction is being driven by ETF speculation, strong network fundamentals, and technical formations that suggest the rising prices will extend to $220. As October approaches, investors will be waiting and watching for a multitude of decisions that may change the flow of capital into altcoins. Next to Solana, other names like MAGACOIN FINANCE suggest the market is wide open to established institutional plays and community-driven opportunities alike. You can learn more about MAGACOIN FINANCE via the official website. Website: https://magacoinfinance.com X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance
ETH treasuries are growing to record levels, with almost daily aggressive buying. However, the shares of ETH treasury companies often trade below their net asset value. ETH treasuries remain one of the strongest narratives, with almost daily buying from some of the top companies. The strong performance of ETH in August accelerated treasury buying, with the biggest purchases coming from BitMine (BMNR) and SharpLink Gaming (SBET). Despite the hype around treasury companies, most of the leading entities are trading under their net asset value. The mNAV metric attempts to gauge the relationship between the public stock price and the underlying assets. The mNAV metric for ETH treasury companies fell in August, after a short period of exuberance. | Source: Blockworks Based on the experience of Strategy (MSTR), treasury companies often traded at a higher mNAV. The stock premium was mostly due to exuberance and the promise of more purchases as the stock rallied. This time around, some view the low mNAV on ETH treasuries as a bargain. $SBET -Mnav 0.88 is a steal -ETH might go down more but this is too attractive -Management has stated that they are not dilutive ATM at mnav -Nothing has changed other than price why bearish then Stay convicted! pic.twitter.com/K4Zkh7Fg6E — WhitePine (@WhitePine009) September 5, 2025 However, unlike ETFs, treasury companies have no obligation to reimburse holders or use their ETH as collateral. Others believe the lower share price may be a trap for investors expecting robust exposure to ETH. There is currently no consensus on whether the falling mNAV metrics are a sign of a downward spiral for ETH companies or a short-term market bottom. ETH treasury stockholders face greater risks The buyers of ETH treasury stocks may be facing even greater risks compared to holding an ETF or outright buying ETH. Based on Messari analysis, buyers may be exposed to share dilution, company-specific operating expenses, financing risk due to increased regulations of offerings, and governance concerns. The accrued ETH treasuries are under no constraints for the type of custody and usage. The leading buyers are also using ETH for staking and liquid staking, exposing the treasury to technical risk. A share price below mNAV has affected SBET with a ratio of 0.86%. The Ether Machine has the lowest mNAV ratio of 0.07%. ETHZilla Corporation stands at 0.78 mNAV. BMNR still reports a 1.05% ratio, though updated information may push the metric under 1. ETH stabilized around $4,300, with significant daily whale moves and treasury additions. The token is still seen as potentially bullish, with more tokens locked for staking and dwindling reserves on exchanges. ETH treasury companies faced a worse mNAV ratio in August Messari Crypto noted most of the ETH companies sank under a ratio of 1 in August, despite the ETH rally. The recent values will stress-test the buying strategy, which depends on a slight premium and bullish exuberance to work. For now, treasury companies show no signs of stopping their buying spree, despite the weakening stock prices. Additionally, some treasuries have been acquired previously and do not depend on public stock offers. There is also no consensus on how the treasuries would be used or staked, and how the passive income would be distributed. A total of 71 companies have announced ETH treasuries. The cut-off for a treasury company is just 100 ETH, as in the case of Coinage Media. Public companies like Yungfeng Financial managed to boost their stock price with just 10K ETH, though sitting at an extremely low mNAV ratio. There is still no standard on the size of ETH purchases, which can translate into a meaningful boost to the stock price. Sign up to Bybit and start trading with $30,050 in welcome gifts
A weak jobs report by the Bureau of Labor Statistics confirmed the gloomy employment outlook previously reported by human resources firm ADP. More Weak Jobs Data Triggers Second BTC Sell-off, Price Revisits $110K Just a day after New Jersey-based human resources giant ADP sent bitcoin ( BTC) below $110K with lower-than-expected private sector employment numbers,
In the 12 years since its launch, Dogecoin (DOGE) has defied expectations, soaring to a peak of $0.73. Yet, despite its $35 billion market cap and dreams of hitting $1, DOGE’s journey has been a rollercoaster, with its current price hovering around $0.23. Meanwhile, another meme coin, Little Pepe (LILPEPE) , is positioned to skyrocket from a lower price point and potentially outpace DOGE to that coveted $1 mark first. Dogecoin’s Long Road to $1 Launched in 2013 as a parody of the growing crypto market, Dogecoin began trading at fractions of a cent, just $0.0002. Its breakout moment came in the last bull run, when DOGE surged over 800% in a single day, climbing to $0.07 before eventually reaching a record $0.73. DOGE has struggled to maintain significant momentum. Its enormous circulating supply of over 150 billion tokens makes a quick run to $1 increasingly difficult. Currently trading around $0.23, investors continue to speculate, but many recognize that a fresh contender could realistically achieve the milestone first. Little Pepe (LILPEPE): The Meme Coin to Watch Little Pepe (LILPEPE) has quickly gained traction as the newest face of meme tokens. Still in its presale phase, LILPEPE has already attracted massive attention, raising over $22.32 million by selling out its stage 11 ahead of schedule. Its stage 12 presale, priced at just $0.0021, has already surpassed $1 million in under a week. This overwhelming demand signals that the market sees potential in LILPEPE that mirrors the early energy surrounding DOGE, but with a crucial difference—its entry price allows for a much higher upside. At $0.0021, reaching $1 would represent a gain of over 45,700%, a figure that has excited early investors eager to secure their place before public listings. To celebrate the ongoing presale success, Little Pepe has launched a $777,000 giveaway campaign. Ten lucky winners will each walk away with $77,000 worth of LILPEPE tokens. The campaign has already garnered over 293,000 entries. Participation is simple: investors must commit a minimum of $100 in the presale to qualify. The Little Pepe (LILPEPE) Identity: More Than a Meme Little Pepe brands itself as the heir to the meme coin throne. Built on the ERC chain, the token prides itself on simplicity: no taxes, no rug pulls, no gimmicks, just community spirit and green candles. Its playful narrative, currently in the “cryptowomb” stage of its roadmap, builds anticipation with humor and relatability. By combining internet humor with genuine transparency and security, LILPEPE distinguishes itself in a crowded meme coin market. Many meme tokens struggle with credibility. Little Pepe has proactively addressed this by completing a CertiK audit, which is widely considered the gold standard for DeFi security. With a score of 95.49%, investors can approach the project with added confidence. The Road Ahead As the presale continues and exchange listings approach, all eyes are on how Little Pepe performs once trading goes live. With momentum already in motion, a growing holder base, and a unique cultural identity, the path toward $1 feels increasingly attainable. For Dogecoin holders still waiting for their coin to cross the symbolic $1 threshold, Little Pepe represents what DOGE once was: fun, exciting, and filled with upside potential. The difference? LILPEPE is starting from a price point that makes such a milestone achievable in a shorter timeframe. Conclusion Dogecoin deserves credit for paving the way for meme coins and showing the market that humor and culture can drive value. But twelve years on, DOGE’s massive supply and slower growth make the $1 dream more distant. Little Pepe (LILPEPE), with its surging presale, strong community backing, CertiK security audit, and upcoming major listings, is setting itself up as the next big meme coin to watch. If momentum continues, it may very well claim the $1 crown before Dogecoin ever does, turning early believers into the biggest winners of the meme coin era. For more information about Little Pepe (LILPEPE) visit the links below: Website: https://littlepepe.com Whitepaper: https://littlepepe.com/whitepaper.pdf Telegram: https://t.me/littlepepetoken Twitter/X: https://x.com/littlepepetoken
A high-stakes confrontation is unfolding between World Liberty Financial (WLF) and its largest investor, Justin Sun, after the project blacklisted a wallet containing billions of its WLFI tokens. The move, which effectively froze an estimated $100 million in assets, follows intense market speculation that Sun was responsible for a significant sell-off, contributing to a dramatic price collapse for the token. Blacklist Sparks Governance Crisis On September 5, blockchain analytics account Spot on Chain revealed that WLF’s controlling address invoked the blacklist function on the WLFI contract, targeting wallet 0x5AB2…DA74. The address had bought three billion WLFI during the project’s initial coin offering (ICO), unlocked 600 million, and recently moved 54 million tokens, worth around $11 million, to fresh wallets. By blacklisting the address, WLF froze the remaining tokens indefinitely. Commentators quickly pounced on the development. “WLFI just proved DeFi isn’t ‘decentralized’ at all … it can be blacklisted, frozen, shut down,” wrote analyst Shanaka Anslem Pereira, comparing the maneuver to IMF-style controls. Justin Sun, who invested $75 million into WLF in 2024, hit back on X, blasting the freeze as unjust. “My tokens were unreasonably frozen,” he wrote, stressing that “tokens are sacred and inviolable—this should be the most basic value of any blockchain.” Sun went further, warning that WLF’s actions “not only violate the legitimate rights of investors, but also risk damaging broader confidence in World Liberty Financials.” Price Fallout and Market Outlook At the time of this writing, WLFI was trading at $0.1815, down 1.6% on the day after dipping as much as 4.2% in the past hour. The token has collapsed nearly 40% from last week’s high of $0.3087 and is now down 45% from its September 1 peak of $0.3313. Yesterday, selling pressure drove WLFI to a record low of $0.164 before it rebounded slightly. For now, trading remains frenzied, with more than $1.3 billion in daily turnover, while the project’s market cap stands near $4.9 billion, which still puts it within the global top 40. The standoff between Sun and the WLF team is now the defining test for the project. If the blacklist remains, observers say it risks cementing perceptions that WLF’s governance is centralized and arbitrary. However, even if it were to be reversed, the blacklist could already have harmed WLF’s credibility, which, a while back, saw the Trump family quietly trim its ownership from 60% to 40%. In either case, WLF’s promise of a “decentralized” financial system is facing its most significant challenge yet. The post World Liberty Finance Blacklists TRON Wallet Over $11M WLFI Case appeared first on CryptoPotato .
The dollar just recorded its fifth straight week of losses, the worst losing streak since April 2023. This drop followed a weak U.S. labor market report that hit traders like a freight train. The Bloomberg Dollar Spot Index slumped as much as 0.7% on Friday, locking in another brutal week for the currency. So far this year, the dollar has fallen more than 8% against a group of global currencies. The moment the jobs data hit, traders flipped. They locked in bets that the Federal Reserve will cut rates this month, and not just a small trim. Some are even putting money on a half-point cut. Traders price in Fed cuts as inflation looms “After this report, markets will likely be priced dovishly for the Fed path,” said Jayati Bharadwaj, strategist at TD Securities. She added, “We maintain a bearish dollar structural view with an eye out for near-term bounce.” This bearish movement is gaining speed. Traders now expect the Fed to return to full-on monetary easing. Friday’s weak payroll numbers only fueled that. On top of that, investors are watching fiscal risks and former President Donald Trump’s tariffs, both weighing down the dollar like dead weight. “Today’s report was not great and just adds fuel to the fire of the idea that the Fed is slipping well behind the curve,” said Brad Bechtel, global head of FX at Jefferies. He added, “Market expectations for more rate cuts makes sense and next week’s inflation report is likely make or break on the dollar.” That report lands on Thursday. Estimates from Bloomberg suggest inflation will heat up in August. It’s expected to rise after staying locked at 2.7% for both June and July. If that number spikes, rate-cut pressure could ease. But if inflation stays calm, or even just drops, the Fed might finally blink. Traders aren’t waiting. Hedge funds and other speculators are already stacking bearish bets. As of the week ending August 26, net short positions on the dollar hit $5.6 billion, based on Commodity Futures Trading Commission data. These bets have stayed negative since April, and they’re growing. On Friday, the entire group of major currencies rose against the greenback. The yen and Swiss franc both gained around 1%. But Canada’s loonie trailed after jobs data showed the country lost positions for the second month in a row. That raises the chances the Bank of Canada will also cut rates soon, adding more pressure to the dollar across North America. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
In a landmark development for the Solana (SOL) ecosystem, SOL Strategies has received approval for its listing on the Nasdaq, marking a significant milestone as the first treasury company associated with SOL to achieve this status. The company is set to begin trading under the ticker symbol “STKE” on September 9, 2025. SOL Strategies Set To Make Nasdaq Debut Upon its Nasdaq debut, SOL Strategies will continue to maintain its presence on the Canadian Securities Exchange (CSE) under the symbol “HODL.” Notably, shares currently trading on the OTCQB Venture Market under the symbol “CYFRF” will automatically convert to the Nasdaq listing. The listing is contingent upon meeting all regulatory requirements, including the approval of the Company’s Form 40-F Registration Statement by the United States Securities and Exchange Commission (SEC). Related Reading: Countdown To Crypto Chaos: Expert Warns Of Impending Collapse Post Bitcoin Peak Leah Wald, CEO of SOL Strategies, expressed enthusiasm about the Nasdaq listing, stating that it aligns the company with some of the most innovative technology firms globally. She emphasized that this approval not only enhances liquidity for shareholders but also positions SOL Strategies to attract institutional investors who recognize the potential of Solana’s infrastructure. Wald further stated: As a leading Solana-focused company to reach this milestone, we’re proud to demonstrate the institutional quality and growth potential that exists within this high-performance blockchain ecosystem. Our listing opens new pathways for institutional capital to access Solana infrastructure through regulated and transparent markets SOL Price Surges The Nasdaq listing is anticipated to accelerate SOL Strategies’ growth in validator operations, driven by increased demand for Solana staking. Furthermore, it is expected to strengthen the company’s role as a gateway for institutional investment in Solana’s ecosystem. Related Reading: First US Dogecoin ETF Could Debut Next Week—How Will It Impact Price? According to CoinGecko data, SOL Strategies holds 0.68% of the cryptocurrency’s supply, equivalent to 370,420 SOL tokens. This was reportedly achieved at a total cost of just over $62 million. This investment has resulted in a yield of $13 million for the company; at current prices, it is now valued at $75 million. The announcement sparked a new leg up for the SOL price, reaching as high as $210 on Friday. As of this writing, the altcoin has retraced back toward $205, meaning a 1.2% surge in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com