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Thumzup Media Corp, which counts Donald Trump Jr. as a major shareholder, is pivoting from digital marketing into industrial-scale Dogecoin mining through its all-stock acquisition of Dogehash Technologies. According to an announcement by the media company, the deal will see Dogehash shareholders offer up 100% of their holdings in exchange for 30.7 million Thumzup shares. This values the deal at around $153.8 million based on the company’s closing price. In addition to Dogehash shareholders receiving Thumzup shares, the two companies will also merge into one entity and rebrand as Dogehash Technologies. This new company will then list on Nasdaq under the ticker “XDOG,” pending shareholder approval that is expected in Q4 of this year. The deal comes amid a strong selloff of Thumzup stock. Just yesterday, the company’s shares plummeted more than 41% to close the trading session off at $5.01, data from Google Finance shows. The selling activity continued in after...

Bitcoin (BTC) continues its downward trajectory after its recent climb to an all-time high of $124,128 on Aug 14. The original crypto has fallen by 8.5% from its recent peak. BTC’s price has plummeted below $114,000, currently trading at $113,597. According to CoinGecko’s Bitcoin data, BTC has faced a correction of 1.3% in the last 24 hours, 4.8% in the weekly charts, 0.5% in the 14-day charts, and 4.1% over the previous month. BTC’s dip has triggered a market-wide correction. Source: CoinGecko Will Bitcoin’s Price Fall To $100,000? Bitcoin (BTC) could fall to the $112,000 level as it has some support at that price point. Falling below $110,000 could trigger some panic among investors. Such a scenario could lead to BTC’s price falling to the $100,000 mark. Source: Trading View According to CoinGlass BTC data, a total of $450.55 million was liquidated from the crypto market in the last 24 hours. The platform notes that the single largest liquidation order to...

The market data Analysis done by Coingecko, one of the leading crypto market data aggregators and non-fungible token explorers, tracking non-fungible token collections from +20 blockchain networks, indicates that crypto investors and institutions have started shifting their attention to non-fungible token collections. In response to this adoption, the number of crypto investors who are buying NFTs this week has soared by +40%. Below, we have listed some of the top-selling NFTs this week: 1. Moonbirds NFT Collection Moonbirds, a globally acknowledged non-fungible token collection featuring a limited edition of 10,000 owl-themed NFTs created on the Ethereum blockchain network by the digital asset firm Proof Collective but now managed by the Orange Cap Games, is this week’s most selling NFT collection in the NFT market. In the past 24 hours, it has amassed a trading sales volume of $1.6 million. It has a market capitalization of $135 million and a floor price of $13,546. ...

Over the past few days, investors have been re-engaging with the most simple criticism of Michael Saylor’s massive bitcoin treasury company, MicroStrategy (MSTR). On Reddit, YouTube, Nostr, and X, fans and skeptics are fighting over whether MicroStrategy is a Ponzi scheme. Andy Constan triggered the latest round of this multi-year debate when he earned hundreds of thousands of views across various claims that MSTR is “mostly a Ponzi scheme.”  Within a day of his most popular post on the topic, Lyn Alden started to engage in a threaded debate. Their disagreements eventually left X and continued with a verbal debate.  By August 11, Constan and Alden had appeared on Danny Knowles’ What Bitcoin Did podcast. For over an hour, the duo debated the rational pricing for MicroStrategy stock and whether MicroStrategy could service perpetual dividend payouts without raising capital. Their debate merely fueled more weeks of escalating tensions that reached a fevered pitch this...

India is rethinking its ties with the US and coddling up to China after Trump imposed 50% tariffs on trade. Many countries are scrambling for an answer on how to prioritize their economies and bow under pressure, bowing to Trump. Economist Jeffrey Sachs, a public policy analyst and professor at Columbia University, lent a word of caution to India, asking it to work closely with BRICS and not rely on the US. “Don’t trust America,” he said, during an interview with Business Today. Sachs explained that Trump made a mistake imposing 50% tariffs on India despite the country being a close ally. He stressed that India had gone out of its way to embrace the US dollar and rallied against the BRICS de-dollarization ideology despite being a member. Allies must not be treated this way, explained Sachs, highlighting Trump’s mismanagement. “Trump is not a very logical person and not a very strategic person, and so he does things impulsively,” he said. Also Read: ...

Cryptocurrency trader and analyst Ali Martinez believes that Solana (SOL) may be on the verge of an explosive breakout to a new all-time high. Martinez tells his 146,400 followers on X that the top Ethereum (ETH) rival is on the brink of a strong impulse to the upside. The analyst says that SOL is forming an ascending triangle on the 12-hour time frame, a bullish formation that’s confirmed when the price breaches the upper horizontal trend line. He also uses Fibonacci extension levels to suggest SOL may increase more than 92% from its current level. Traders use the Fibonacci extension tool to identify potential entry and exit levels for an asset based on the Fibonacci ratio.  “Solana may offer a final buy-the-dip chance before targeting $360!” Source: Ali Martinez/X SOL is trading for $187 at time of writing, down 4.3% in the last 24 hours. Next up, the says that the layer-1 blockchain Avalanche (AVAX) may see a more than 56% increase from it...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The cryptocurrency market is roaring back to life, with OKB leading the charge after soaring more than 136% in the past 24 hours. Solana, Ethereum, and Dogecoin also posted impressive gains as bullish momentum envelopes the sector. OKB surged from $44.50 to $107.86 in just 24 hours after a major token burn slashed its circulating supply by 52%. Solana (SOL) jumped 13.6% to $201.8 on strong DeFi growth and rising institutional demand, while Ethereum (ETH) climbed 6.9% to $4,703.91, nearing its all-time high on bullish momentum. Dogecoin (DOGE) also gained 9.1% to $0.2459, fueled by a “golden cross” chart pattern often seen as a signal for further price gains. Bitcoin Nears $122K As XRP Rallies Bitcoin (BTC) also rallied, r eclaiming the $122,190 mark briefly today, before falling back to $121,053 to trade up 1.3% in the last day. The push higher comes after lower-than-expected July CPI in the US boosted the probability of an interest rate cut to 93.9% next month, ...