August moved fast for Covalent (CXT). Every move pushed the same engine forward—speed, scale, and the $CXT onchain flywheel. From fresh buybacks to GoldRush upgrades, the protocol doubled down on its deflationary and utility-first model. $CXT Buybacks & Token Flow Nearly 900,000 $CXT was bought back in August alone. Over the past year, Covalent has retired 7.7M $CXT, equal to 0.77% of supply. Tokens are permanently gone. With no more unlocks left and burns ahead, the deflationary engine is already spinning. Buybacks are no longer theory—they’re a recurring event fueled by protocol revenue. Covalent August 2025 Recap gSpeed fam, August moved fast for @Covalent_HQ , and everything they shipped pushed the same engine forward: speed, scale, and the $CXT onchain flywheel. Buybacks & Token Flow Nearly 900,000 $CXT was bought back in August alone. In total, that’s… pic.twitter.com/YnO7ivFghF — Jeffreybj (@Jeffreybj22) September 4, 2025 Exchange Access August also marked a major exchange milestone: $CXT listed on Revolut. The app reaches 60M+ global users and stands fully MiCA-compliant, putting $CXT in one of the most regulated consumer crypto environments available. For visibility, this is a step into the mainstream. For adoption, it opens the door to a user base that spans retail investors across Europe and beyond. Product Upgrades: GoldRush Gets Faster The GoldRush Streaming API leveled up in August. Ultra-fast pair updates (price, volume, liquidity) across Ethereum, Base, and BNB Chain. Sub-second data streams for AI agents, HFT bots, and compliance dashboards. Live workshops with Eco Foundation, showing devs how to plug into real-time data right out of the box. The key takeaway: latency beats throughput. In a market where AI bots and traders fight for milliseconds, GoldRush gives Covalent users the edge. Ecosystem Growth Covalent’s reach expanded further: 150+ chains supported, making it the largest onchain data network. HyperEVM launched, with GoldRush backing from day one—tailored for traders and AI-driven flows. Awaken Tax case study: GoldRush now powers compliance and tax reporting for 100k+ wallets. Base ecosystem report logged $3.4B bridged, 47k creator tokens minted, and 36M in weekly DEX volume. The expansion isn’t just breadth. It’s depth—networks, compliance, and traders all running on the same rails. Community Velocity The @wallchain_xyz Quack Leaderboard launched mid-August and is already driving activity. $200K in $CXT rewards allocated. $40K monthly distributed to the top 80 contributors. No cliffs, no vesting. Rewards are fully unlocked. Culture and competition are already forming around it. Incentives are direct, transparent, and fueling real engagement. Closing the Month By the end of August, the flywheel was spinning exactly as designed: Chains integrate → Builders ship faster → Usage grows → Revenue flows in → $CXT gets bought back → Supply shrinks. It’s simple. It scales. It compounds. Reflexive Economics in Action Covalent’s model is self-reinforcing. Every query through GoldRush generates revenue. That revenue powers buybacks. Buybacks shrink supply. More demand means tighter scarcity. Holders, builders, and users are aligned. Future-Proofing with Burns Buybacks are just step one. Planned token burns will cut circulating supply even further, reinforcing deflation and increasing long-term value. Utility Over Speculation Unlike protocols that depend on hype, Covalent’s deflationary mechanics are fueled by real usage. GoldRush is live. It’s powering tax, compliance, and AI agents today. Investor Confidence & Community Impact The protocol ties token value to onchain activity. Investors see transparent, measurable supply reduction. The community sees rewards flow back into their hands. Heading into September, the loop keeps turning. Covalent is showing how speed, compliance, and deflationary mechanics combine into one flywheel. And the market is starting to notice. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Cardano price prediction has taken a bearish turn in recent months, with investors largely abandoning ADA after its prolonged struggle to regain momentum. Market sentiment paints a picture of capitulation as ADA continues to consolidate at multi-month lows. But the question now is whether this overlooked asset can quietly position itself for a sharp breakout. ADA Hits 5-Month Sentiment Low While Price Secretly Surges 14% Looking at on-chain analysis from market intelligence platform Santiment, despite ADA recording the lowest sentiment in five months, the price has quietly climbed 14% in the last 30 days. Cardano has quietly seen its normally optimistic crowd start to turn bearish. After the lowest sentiment recorded in 5 months, $ADA 's price is +5%. Patient holders and dip buyers during this three week downswing should root for this trend of bearish retailers to continue.… pic.twitter.com/VgGwRW243P — Santiment (@santimentfeed) September 4, 2025 Currently trading at $0.8286, ADA boasts a $29.61 billion market cap and maintains its position among the top 10 cryptocurrencies in the market. Patient holders and dip buyers during the preceding three-week downswing are now hoping for the trend of bearish retail sentiment to continue. On-chain data shows that whales have been stepping in to buy the dip since early August. Source: Saintment More than 16 different transactions worth $1,000,000 of ADA were recorded over the 30-day period, and it appears these large holders are not slowing down. Founder and CIO of MN Capital, Michaël van de Poppe, has also acknowledged that Cardano is still in a blind spot for most market participants. #Cardano is an interesting ecosystem. It's still in a blind spot for most, but has seen some traction. Price is building up for a big breakout, and fundamentally, the ecosystem grows. This project is building on top of $ADA , watch our recent episode here:… pic.twitter.com/iRXLpNlpzj — Michaël van de Poppe (@CryptoMichNL) September 4, 2025 However, the ADA price is building up for a significant breakout as the ecosystem continues to grow. Cardano price prediction: Technical Analysis Points to Potential 40% Breakout Technical analysis shows that the ADA/USDT daily chart is forming a clear Wyckoff accumulation pattern , following the heavy distribution phase earlier in the year when price broke out in March toward $1.17. From June to August, Cardano consolidated within an accumulation range, establishing strong support before beginning a parabolic curve structure that typically indicates preparation for a breakout. Source: TradingView The RSI sits just under 50, showing a recovery in momentum but still at a neutral stage, suggesting that buyers are gradually regaining strength. If this Wyckoff parabolic curve continues to play out, ADA could see a breakout toward the $1.17 level, representing a potential gain of over 40% from current prices. However, failure to hold the accumulation base around $0.70 would weaken the bullish setup and risk extending consolidation. At present, the chart leans bullish, with the technical structure favoring a gradual rise toward the breakout zone. Smart Money Avoids Memecoins for $15M Utility Project The crypto market generally is in a neutral state with the Fear and Greed Index at 41, meaning this is not the time investors gamble on memecoins, but rather focus on utility projects. One of investors’ favorite utility picks right now is the Best Wallet Token (BEST) . This project is building a new type of crypto wallet that works better than older wallets from 2021. The Best Wallet project has raised over $15.5 million and already has 250,000 users. Several analysts believe this is among the best crypto presales to buy for potentially strong gains. Currently, $BEST tokens are priced at just $0.025585. If you want to buy BEST, you can do so by visiting the Best Wallet Presale Website and using either crypto or a bank card to make a payment. Visit the Official Website Here The post Cardano Price Prediction: Everyone’s Given Up on ADA – Which Is Exactly Why It Might Be About to Explode appeared first on Cryptonews .
BlackRock reallocated $151.4M out of Ethereum and purchased $289.8M of Bitcoin, confirming BTC as its largest crypto holding; filings show iShares Bitcoin Trust (IBIT) gained while iShares Ethereum Trust (ETHA)
The United States Securities and Exchange Commission (SEC) is launching a Cross-Border Task Force to investigate foreign-based fraud schemes, the agency announced on Friday. SEC Announces Key Crypto Task Force According to a September 5 press release from the federal regulator, the Cross-Border Task Force will focus on fraud and market manipulation conducted by entities outside the U.S., including “pump-and-dump” and “ramp-and-dump” schemes. I'm pleased to announce the formation of the Cross-Border Task Force. This new task force will consolidate SEC investigative efforts and allow the SEC to use every available tool to combat transnational fraud. https://t.co/loDtj1CClV — Paul Atkins (@SECPaulSAtkins) September 5, 2025 The task force will also heighten its enforcement efforts against “gatekeepers” who assist these organizations in accessing U.S. capital markets, particularly with regard to underwriters and auditors. Lastly, the Cross-Border Task Force will examine where governmental control and other factors related to companies in foreign jurisdictions play a role in securities law violations . “We welcome companies from around the world seeking access to the U.S. capital markets,” said SEC Chairman Paul S. Atkins. “But we will not tolerate bad actors—whether companies, intermediaries, gatekeepers, or exploitative traders—that attempt to use international borders to frustrate and avoid U.S. investor protections.” “This new task force will consolidate SEC investigative efforts and allow the SEC to use every available tool to combat transnational fraud,” Atkins added. SEC, CFTC Team Up for Joint Roundtable News of the SEC’s latest task force comes the same day that the federal regulator announced a joint roundtable with the Commodity Futures Trading Commission (CFTC) for the end of September. The two agencies are set to host the joint roundtable on September 29 in order to discuss “regulatory harmonization priorities.” “It is a new day at the SEC and the CFTC, and today we begin a long-awaited journey to provide markets the clarity they deserve,” SEC Chairman Atkins and CFTC Acting Chairman Caroline D. Pham said in a statement. “By working in lockstep, our two agencies can harness our nation’s unique regulatory structure into a source of strength for market participants, investors, and all Americans,” they added. The post SEC Announces International Fraud Task Force Targeting ‘Pump-And-Dump’ Schemes appeared first on Cryptonews .
S&P 500 adds Coinbase, marking the index’s first major crypto-exchange inclusion and lifting related fintech stocks. The decision, effective May 19, reflects growing institutional acceptance of regulated crypto firms and
SOL Strategies is listing on the Nasdaq Global Select Market on Sept. 9 under the ticker STKE, moving trading off the OTCQB while retaining its Canadian Securities Exchange listing to
SOL Strategies Inc., a Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain, has secured approval to list its common shares on the Nasdaq Global Select Market. The company confirmed the news this week, marking it as the first Solana-focused public firm to achieve a U.S. listing. 1/ Major Milestone Alert! SOL Strategies approved for @NasdaqExchange Global Select Market listing under the ticker “STKE” and trading will commence on Tuesday, September 9, 2025! As CEO Leah Wald noted: "This represents more than just an achievement for SOL Strategies, it's… pic.twitter.com/tEJ6uBQahR — SOL Strategies (@solstrategies_) September 5, 2025 Trading is scheduled to begin on September 9, 2025, under the ticker symbol STKE. Until then, the company’s shares will continue to trade on the Canadian Securities Exchange under the symbol HODL. Once Nasdaq trading begins, its stock will no longer appear on the OTCQB Venture Market, where it currently trades under the symbol CYFRF. Shareholders on the OTCQB do not need to take action, as their holdings will automatically convert to the Nasdaq listing. SOL Strategies to Begin Nasdaq Trading Under ‘STKE’ on September 9 The listing, still subject to the company’s Form 40-F registration statement becoming effective with the U.S. Securities and Exchange Commission, represents a milestone in bringing Solana-focused infrastructure to regulated American capital markets. Chief Executive Officer Leah Wald described the approval as validation not just for the company but for Solana’s broader ecosystem. “Joining Nasdaq aligns us with the world’s most innovative technology companies and positions us to attract the institutional investors who recognize the transformative potential of Solana’s infrastructure,” Wald said. Joining the NASDAQ is a pivotal step in our journey as a leading Solana technology company. As Leah Wald, CEO stated, “Joining Nasdaq aligns us with the world's most innovative technology companies and positions us to attract the institutional investors who recognize the… pic.twitter.com/EFme44iNrQ — SOL Strategies (@solstrategies_) September 5, 2025 She added that the listing would give shareholders greater liquidity and provide the company with access to deeper capital markets as it scales validator operations and expands investments. The approval follows a series of moves by SOL Strategies to align with Nasdaq requirements. In July, the company consolidated its shares on a one-for-eight basis , reducing its total outstanding shares from more than 176 million to about 22 million. The consolidation was designed to meet Nasdaq’s minimum bid price requirements and resulted in proportionate adjustments to the firm’s stock options, warrants, and convertible securities. SOL Strategies rebranded from Cypherpunk Holdings in September 2024 , shifting its focus entirely to Solana, a blockchain known for high transaction speeds and low costs. Since then, the firm has intensified its Solana acquisition strategy, reporting 254,380 SOL staked by mid-2025, roughly half of which came from third-party delegators. By June 2025, filings revealed that the company held over 420,000 SOL , positioning it as one of the more prominent institutional holders of Solana’s native token. Nasdaq Approval Strengthens SOL Strategies’ Role in Solana’s Institutional Growth The company currently has 22 million common shares outstanding, alongside 12 million warrants and 5.3 million stock options. Following the consolidation, the capital structure remains active, with potential for further expansion as investor demand grows under a U.S. listing. As a Canadian-domiciled firm, SOL Strategies qualifies as a “foreign private issuer” under SEC rules. This status exempts it from certain U.S. regulatory requirements, such as proxy solicitation rules and Section 16 filings. The company plans to continue operating under Canadian governance standards, which do not require a majority of independent directors or separate nominating and compensation committees. The Nasdaq debut is expected to accelerate validator growth through institutional partnerships, enhance operational scalability as demand for Solana staking rises, and strengthen the company’s position as an institutional gateway to the Solana ecosystem. SOL Strategies first filed its Nasdaq application in December 2024 , submitting a registration statement with the SEC. The Listing Qualifications Department of Nasdaq then began reviewing the application for compliance with exchange standards. @solstrategies_ has applied for a Nasdaq listing to boost access for institutional investors and expand its market reach. #Solana #Nasdaq https://t.co/T5G8EBO5yl — Cryptonews.com (@cryptonews) December 5, 2024 The company framed the application as a key step in attracting institutional capital and broadening its reach into U.S. markets. With approval now secured, the company is set to open trading on one of the world’s most prominent exchanges, offering U.S. investors regulated exposure to Solana infrastructure for the first time. SOL Strategies Emerges as Key Gateway for Institutional Solana Holdings SOL Strategies reported a milestone in August with over C$1 billion worth of Solana delegated to its validators. @solstrategies_ has surpassed CAD 1 billion in SOL delegated to its validators, reaching 7,068 unique wallets as it moves closer to Nasdaq uplisting. #Solana #Solstrategies https://t.co/RVk6P8tdJU — Cryptonews.com (@cryptonews) August 27, 2025 As of Aug. 31, the company managed 3.62 million SOL under delegation, including 402,623 SOL from its own treasury, valued at about C$111.7 million. A record 8,812 unique wallets are now staking with the firm, showing growing retail and institutional participation in its validator operations. CEO Leah Wald said the achievement reflects “the increasing scale of our operations and confidence in Solana’s ecosystem.” The company also advanced open-source failover technology and is participating in upcoming Solana upgrades, including SIMD-326 (Alpenglow consensus) and the Block Auction Marketplace. Partnership growth remained central. The company’s white-label validator service for Solana Mobile’s Seeker device attracted more than 3,200 wallets within a month of launch, despite devices not yet reaching most of the 150,000 pre-order customers. Meanwhile, Cathie Wood’s ARK Invest moved 3.6 million SOL , worth roughly C$888 million, to SOL Strategies’ infrastructure in July, calling it a validation of the firm’s institutional capabilities. @ARKInvest , led by @CathieDWood , has named @solstrategies_ its new partner for ARK Invest Solana staking, moving its validator operations to the firm's institutional platform. #Solana #CryptoStaking https://t.co/DdQwUiUayv — Cryptonews.com (@cryptonews) July 28, 2025 Elsewhere, major players are committing billions toward Solana reserves. Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly raising $1 billion to establish a corporate treasury vehicle , while Sharps Technology announced a $400 million financing to build what it described as the world’s largest Solana treasury. DeFi Development Corp. has a lso doubled its holdings to more than 2 million SOL following recent purchases . The developments position SOL Strategies as one of the leading institutional gateways to Solana, with 8.887 million SOL now held through public entities , representing nearly 1.55% of the token’s circulating supply. The post SOL Strategies Takes Wall Street: First SOL-Focused Firm Wins Nasdaq Listing Approval appeared first on Cryptonews .
The Canadian company makes inroads into US markets with a Nasdaq listing on Sept. 9, moving trading from its over-the-counter venture market.
On Friday, Sora Ventures unveiled a bitcoin treasury fund targeting $1 billion in purchases within six months. Sora Ventures Unveils $1B, 6-Month Bitcoin Treasury Plan in Asia The firm announced the plan at Taipei Blockchain Week. Backers have reportedly committed $200 million to start now. Essentially, the goal is to buy bitcoin (BTC) over a
The index added crypto exchange Coinbase in May.