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How Blockchain Can Help Doctors Take Better Care of You

China’s crypto market and investors refuse to bow down to regulatory bans, remaining resilient and even thriving underground. Despite the Chinese government’s stringent ban on cryptocurrency trading and mining since 2021, a growing number of Chinese investors are creatively navigating the restrictions to funnel millions daily into digital assets.

However, it’s worth noting that this defiance comes as a response to a sagging domestic economy and a turbulent stock market. Meanwhile, crypto enthusiasts, both retail investors and financial institutions, are capitalizing on Hong Kong’s more crypto-friendly environment, pushing the boundaries of China’s stringent regulations.

Chinese Investors Shift Focus Towards Crypto Amid Market Challenges Dylan Run, a finance executive from Shanghai, exemplifies the trend of spending in cryptos, shifting his investment focus due to the economic downturn in China. In other words, as China’s economy and traditional markets face challenges, Chinese investors, like Dylan Run, are turning to cryptocurrencies as safer havens, Reuters reported. Notably, despite the government’s ban, investors utilize loopholes, such as trading through grey-market dealers with bank cards from rural banks, keeping transactions discreet to avoid scrutiny.

Meanwhile, operating in a grey area, Chinese investors employ creative methods to access cryptocurrencies. Although trading tokens like Bitcoin is prohibited in mainland China, investors utilize crypto exchanges such as OKX and Binance, along with over-the-counter channels to streamline the trading process.

In addition, Hong Kong’s endorsement of digital assets has spurred the use of annual forex quotas, allowing Chinese citizens to invest in cryptocurrency accounts in the territory. Notably, Chainalysis, a crypto data platform, reports a surge in crypto-related activities in China, despite the ban.

According to the data, the country recorded an estimated $86.4 billion in raw transaction volume between July 2022 and June 2023. This robust activity dwarfs Hong Kong’s $64 billion in crypto trading during the same period. Notably, the proportion of large retail transactions in China exceeds the global average, indicating substantial involvement from retail investors.

Also Read: Ripple Sends Letter To Judge Netburn Over SEC’s “Factual Mischaracterization”

Thriving Underground Market In Hong Kong China’s ban has led to the emergence of brick-and-mortar crypto exchange stores in Hong Kong, lightly regulated and catering to the demand of Chinese investors. For instance, offline shops, like Crypto HK, allow customers to purchase cryptocurrencies without stringent identity verification, contributing to the thriving underground crypto market.

Meanwhile, observers believe that Chinese officials are strategically endorsing crypto trading in Hong Kong, understanding both the disruptive potential and immense opportunities in the cryptocurrency market. Hong Kong, as a special administrative region, acts as a testing ground for potential shifts in the Chinese government’s stance towards digital assets.

As Chinese investors defy the crypto ban, the landscape of cryptocurrency trading continues to evolve. The resilience of investors, coupled with creative strategies and a growing market in Hong Kong, challenges the notion that the ban has curtailed China’s involvement in the crypto space. Notably, the coming months will likely witness further developments as investors explore the complexities of the cryptocurrency market amidst economic uncertainties in China.

Also Read: SatoshiVM Whales Accumulate More Tokens As SAVM Price Crashes 30%

HOUSTON, June 24, 2026 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), an energy-systems platform company that enables the safe, certifiable deployment of ultra-high-power lithium battery systems for space and defense programs, mobility applications, hyperscale AI data centers, and telecom infrastructure applications, today published a letter from the Company's Chairman and Chief Executive Officer, Michael Mo. The letter is available on the Company's investor relations page and the full text of the letter is as follows:

KULR TECHNOLOGY GROUP, INC.
Letter to Shareholders
From Michael Mo, CEO and Founder · June 2026

Dear shareholders, customers, and partners,

I want to step outside the cadence of quarterly reporting and share with you, in my own words, where KULR stands today, and where I believe we are headed. We have reached a point where the company’s broader strategic vision is coming into focus, and I want to share that vision with you directly.

Battery Is Infrastructure

Let me start with the idea everything else in this letter rests on: battery is infrastructure.

In the digital era, artificial intelligence runs on infrastructure we can see — power lines, fiber, and data centers. With the physical AI era now arriving, intelligence moves into machines that operate out in the world, and those machines depend on a different kind of infrastructure. Every satellite, every drone, every robot, every rack of backup power for AI compute runs on a battery system. The battery is not a component bolted onto physical AI; it is the energy foundation physical AI is built on.

There is a specific reason the battery is the foundation, and it sits at the heart of how we are building KULR. The markets we serve — autonomous platforms, directed-energy systems, and digital infrastructure — look unrelated on the surface, but they share one technical constraint: power density. A drone, a robot, a satellite, a directed-energy system, a rack of AI backup power — none of them needs a battery that simply stores energy. They need a battery that can deliver power: at five to twenty times the discharge rate of a standard cell, sustained through repeated high-demand cycles, with the heat that output generates managed without failure. That is a categorically harder problem than just energy storage, and it is the problem the KULR ONE platform was built to solve.

Power is the wedge. It is why our platform wins design, and everything downstream — the customers, the programs, the revenue — follows from solving it first. The constraint does not relax as physical AI scales; it tightens, with every system demanding more power, in less space, more safely, generation after generation. The company that owns that layer — safe, dense, high-discharge power delivered as a complete system — owns the infrastructure physical AI runs on. That is what we mean when we say battery is infrastructure: not energy you store, but power you can trust, everywhere the grid does not reach.

That is why our mission for 2026 is as direct as it sounds: build more batteries, and sell more batteries. It is not a slogan — it is the work of laying the infrastructure layer for the systems that will define the next decade. On our last earnings call, I said 2026 would be measured by three things: product revenue growth, gross margin improvement, and cost discipline. That is the commitment, and what we are accountable for delivering. Everything else in this letter is built on top of it.

The first quarter showed real progress: revenue nearly doubled year-over-year, product sales grew sharply, gross margin expanded meaningfully, and operating expenses came down even as revenue grew — the early signs of the operating leverage we promised. We will report the quarter-by-quarter details on our earnings calls; this letter is about the strategy those numbers are building toward. One quarter does not make a turnaround, but the direction is exactly what we said: build more batteries, sell more batteries, operate with discipline. That is the foundation everything else is built on.

What We Are Building On Top of the Foundation

As we develop all the technology pieces for our KULR ONE platform, we are building the energy and power electrification platform for physical AI — the autonomous, mobile, and intelligent systems that operate in the physical world.

Let me explain what I mean by physical AI, because the term is common but its substance is often missed. The AI most investors have encountered lives inside data centers — it runs on GPUs and draws power from the grid. Physical AI is the same intelligence — perception, planning, reasoning — embedded inside systems that operate in the physical world: a satellite processing data in orbit, a robot maintaining a space station, a drone flying an inspection route, a humanoid working in a warehouse, a counter-drone system responding in milliseconds.

PHYSICAL AI

The same intelligence, embedded inside systems that operate in the physical world.

Autonomous drone inspectionHumanoid & warehouse roboticsElectric aircraft / eVTOLSpace systems in orbit
Every one of these systems shares the same constraint. It must carry its own intelligence, because cloud latency makes remote inference impractical and often unsafe. And it must carry its own energy, because there is no grid in the sky, in orbit, on the ocean, on a battlefield, or on a robot floor. Physical AI is therefore defined by the convergence of three disciplines that have historically lived in separate industries: artificial intelligence, energy storage, and power electronics. The companies that integrate across them will define the next decade of physical infrastructure; the companies that operate inside only one will be commodities. This is the structural insight our platform is built on. And the way we get there is to start with what I described: build more batteries, sell more batteries. Every pack we ship is one more proof point that the platform works.

The NVIDIA Lesson

NVIDIA spent more than thirty years building the accelerated computing platform — graphics, then general-purpose parallel compute, then CUDA as a software ecosystem developers could not easily leave — and then watched the world’s most important workload, artificial intelligence, land on their architecture as if it had been designed for it all along. The platform was decades in the making; the payoff arrived in a compressed window once the workload showed up. Two lessons sit inside that history, and both shape how we think about KULR.

The first lesson is that platform companies reveal themselves one capability at a time, until the architecture that was always there becomes visible to everyone else. For most of those thirty years, NVIDIA looked like a graphics-card company. It was, in fact, assembling the substrate for modern AI. The second lesson is that platforms compound: each capability reinforces the others and makes the next one easier to add. The value is not in any single component but in the integration — which is what competitors find hardest to replicate. A company selling one component competes on price; a company with an integrated platform competes on architecture, and architecture is durable.

Our mission is to build KULR on a similar path, with one meaningful advantage NVIDIA’s own platform has now made possible — an advantage they did not have at the start: artificial intelligence is now accelerating the rate at which platforms can be designed, simulated, qualified, and brought to market. The same intelligence NVIDIA’s platform serves is what helps us iterate faster on cell chemistry selection, thermal architecture, control software, power electronics integration and manufacturing design. What took NVIDIA decades, I believe can compress meaningfully — not because the engineering is easier, but because the tools are categorically more powerful than they were even five years ago. To be candid, we are early. What I am committing to is that we will build with the patient discipline that defined the great platform companies, while taking full advantage of the accelerants that did not exist before — and let the architecture reveal itself through what we ship.

KULR’s Evolution

If the NVIDIA lesson is about how a platform is built, there is a second lesson — about how a company evolves over time — and the clearest example of it is SpaceX. I raise it because the company KULR is becoming is a natural evolution of the company we have been building: not a pivot, but a progression.

A little over two decades ago, SpaceX began with one hard problem: reaching orbit affordably. It solved that, then made launch reusable, then used that foundation to build Starlink, a global connectivity platform — and today that same orbital infrastructure is being positioned for the AI era, with disclosed plans for constellations of compute satellites in space. SpaceX turned one technology business into the next; it compounded them. Each stage was built on the domain expertise of the one before it, and over roughly twenty-four years a launch company became foundational infrastructure for the next era of computing.

KULR’s arc rhymes with that, on our own scale and timeline. The hard problem at our core is older than the company itself: for nearly forty years, the thermal management, carbon fiber, and safety engineering that keep high-energy systems from failing in the most unforgiving environments have been proven in space, alongside NASA and on real space missions. KULR was founded about thirteen years ago to build on that heritage — to carry four decades of space-proven thermal and safety engineering into new applications beyond space and defense. That expertise was never the destination. It was the foundation, because the hard part of building a safe, high-power battery is precisely the thermal and safety engineering that heritage gave us.

That foundation became the KULR ONE battery platform we operate today. The next stage is the same evolution carried forward: from a battery platform into a physical AI energy infrastructure platform — the company that supplies the safe, dense, high-power energy layer that autonomous machines depend on, across every market physical AI is creating. The thermal expertise made the battery platform possible; the battery platform makes the energy infrastructure platform possible. We are not changing what we are — we are growing into the fuller expression of it.

The Platform

Let me describe what the platform actually consists of, because “platform” is easy to claim and harder to substantiate. At the core is the KULR ONE battery architecture — cells and packs engineered for the power density I described, built for high discharge and the thermal stability to sustain that output safely. It is, by design, battery-cell-agnostic: it pairs with whatever chemistry serves the application best, so we can partner with every cell manufacturer and our customers always get the best technology for their needs. As cell chemistry advances and commoditizes through its maturity cycle, the architecture that integrates those cells safely and reliably captures more durable value.

Around that core sit the capabilities that turn a battery into a system: our battery management systems and control electronics; NASA-grade thermal management and passive propagation resistance — the safety engineering that lets a high-power pack operate next to people, processors, or astronauts; and KULR VIBE, our vibration-mitigation technology for the rotors and rotating systems that airborne platforms depend on. We are also beginning to build power electronics organically: the KULR ONE Charger, planned for 2026, will incorporate a power supply unit of our own design — our first power conversion product engineered in-house.

Each piece is useful on its own. Together they form the complete energy and power stack that an autonomous system needs. We are not assembling a catalog of products; we are assembling an integrated platform where the battery, the management software and electronics, and the thermal and safety engineering are designed to work as one.

And we are building the capability to make it at scale. From our vertically integrated facility in Texas — which we are expanding with new high-volume production lines — we are bringing battery assembly, certification, and high-performance component fabrication in-house, so we can build, qualify, and ship faster and at lower cost. A platform is only as real as the factory behind it, and we are building ours to be the one-stop shop the US market needs for high-power batteries.

We bring this platform to five core end markets where physical AI is creating the largest infrastructure opportunities of the next decade.

The Five End Markets

01 · SPACE & DEFENSE
Autonomous systems
The engineering reference standard — KULR ONE Space, qualified in low-Earth and geostationary orbit.

02 · LOW ALTITUDE ECONOMY
Drones & UAS
Below 3,000 feet, toward roughly $210 billion by 2045.

03 · AI DATA CENTER BACKUP
Power at the rack
Edge inference, a roughly $255 billion market by 2030 — on the ground and in orbit.

04 · ENERGY AS A SERVICE
Power delivered as a service
Guaranteed uptime, not equipment — turning hardware sales into recurring revenue.

05 · ROBOTICS
Physical AI on the ground
Toward roughly $370 billion by 2040 — engaged with two humanoid customers; operations in Japan.

The first is space and defense autonomous systems — the engineering reference standards for everything else we build. They operate where battery failure is not recoverable, imposing certification, safety, and reliability requirements no commercial application can match. Meeting that bar in our KULR ONE Space program is what gives our platforms credibility in every other market: customers in defense drones, electric aviation, and AI data centers inherit a battery architecture qualified in low-Earth and geostationary orbits.

That heritage is now extending into physical AI in orbit. Autonomous, free-flying space robots are embodied AI systems that must carry both their own intelligence and their own energy in the most demanding environment that exists — and KULR ONE Space is being selected to power them. Alongside continued satellite mission wins across low-Earth and geostationary orbit, these programs extend our space heritage into a new class of mission. In the most recent quarter, additional low-Earth and geostationary programs selected KULR ONE Space, and our space-qualified batteries remain in active deployment across multiple satellite missions.

The second is the Low Altitude Economy — for a US audience, simply the drone and unmanned aerial systems economy: UAVs and drones operating below 3,000 feet across logistics and last-mile delivery, agricultural and infrastructure inspection, public safety, and the fast-growing fleet of defense and counter-drone platforms procured under NDAA-compliant mandates. Bank of America Global Research projects the global low altitude economy growing toward roughly $210 billion by 2045, and the United States market is opening rapidly as domestic, NDAA-compliant supply becomes a national priority. 2026 is the inflection year — when frameworks become revenue. Every one of these aircraft is, at its core, a battery-powered flying computer, and our KULR ONE Air platform — with a dual-purpose architecture spanning traditional rotorcraft and emerging electric aviation — positions us across this market. Execution here is the furthest along of any market we serve: our high-power flight packs are already in production and broadening adoption, our rotorcraft and electric-aviation partnerships extend the platform across traditional and emerging aircraft, and we recently won a prototype contract for a US defense drone program — with manufacturing scaling toward thousands of packs per month to meet the demand. And the value of these batteries does not end when their flight life does. A pack engineered for electric aviation retains meaningful useful life once its aviation service is complete, and we are designing for it to begin a second life as stationary energy storage, delivering years of additional service on the ground. One battery, two lives: a more sustainable and more capital-efficient model that turns what the industry treats as end-of-life into the start of a second mission.

The third is AI data center backup — an opportunity spanning two environments converging on the same need. On the ground, AI economics are shifting decisively toward inference at the edge, in telecom facilities, commercial real estate, and distributed sites close to where data is generated — which analysts expect to be the majority of a roughly $255 billion inference market by 2030 (MarketsandMarkets). KULR ONE MAX is engineered for these deployments: high-power, propagation-resistant battery backup that installs at the rack, co-located with compute, without the cooling and footprint of a hyperscale facility. In orbit, the same logic plays out on a larger scale: SpaceX’s recent S-1 disclosed plans for up to one million orbital AI compute satellites targeting 100 gigawatts of capacity beginning in 2028 — and because orbital infrastructure cannot be serviced by technicians, it depends on autonomous space robotics for inspection, repair, and assembly, the same systems KULR ONE Space is being selected to power. On the ground or in orbit, AI compute needs energy engineered for power density, safety, and reliability, and KULR is positioned to power both. We are already executing: licensing our propagation-resistant safety and thermal IP to data center OEMs, advancing a high-power backup platform purpose-built for the rack, and holding a seat in the consortium defining next-generation data center power standards.

The fourth is Energy as a Service — mission-critical power delivered as a managed service rather than sold as hardware. If battery is infrastructure, this is how we deliver and monetize it: KULR provides the battery systems, safety architecture, monitoring, and lifecycle management, and the operator pays for guaranteed power, not equipment — turning one-time hardware sales into multi-year recurring revenue and moving backup power off the customer’s balance sheet. We are starting where the need is most acute, with telecom operators migrating from lead-acid to lithium-ion — already moving from concept to engagement, with a growing set of operators evaluating the model with us. But the model is not telecom-specific: the same logic of guaranteed uptime, delivered as a service, extends to commercial real estate, data centers, and any infrastructure where downtime is not an option. It is the infrastructure-as-a-service layer of our platform — the same shift that turned computing into a service, applied to power.

The fifth is robotics — physical AI on the ground, and ultimately perhaps the largest opportunity of all. McKinsey projects the general-purpose robotics market growing from under $1 billion in 2025 to roughly $370 billion by 2040; venture funding has tripled since 2023, governments have declared embodied AI a strategic priority, and SoftBank called physical AI its next frontier in its $5.4 billion acquisition of ABB’s robotics division — the capital and the conviction are arriving together. Every general-purpose robot faces the same constraint as every other physical AI system: it must carry its own energy, deliver high burst power for dynamic motion, manage heat in a compact enclosure, and stay safe around people and in a fall. The differentiator is not only the cell chemistry but the pack architecture, thermal management, and operational safety wrapped around it — precisely the KULR ONE platform’s strength. Our work here is already underway: through KULR ONE Air we are engaged with two humanoid robotics customers, our space programs already power robotics in the most demanding environment that exists, and we are establishing operations in Japan, one of the world’s deepest robotics ecosystems, to position KULR at the energy and safety layer where, as the supply chain matures, durable value will concentrate.

Why Power, Compute, and Intelligence Will Integrate at the Edge

I want to share one structural insight foundational to how investors should think about KULR’s place in the future of AI and physical AI. We are not creating that future — it is driven by forces far larger than any one company — but we see clearly where it is heading, and we are positioning KULR to align with this future. As edge AI matures, the relationship between the energy system and the compute system is inverting, and the company that owns the power infrastructure is positioned to own substantially more than power.

Four trends point in this direction. Edge inference silicon is shrinking fast — a Jetson Orin Nano delivers 40 trillion operations per second at 15 watts, smaller than a deck of cards. Small language models are advancing toward distilled forms that run on hardware fitting inside a battery enclosure. Agentic workloads — predictive maintenance, anomaly detection, energy optimization — operate on exactly the current, voltage, temperature, and cycle data the battery management system already holds, making the BMS their natural home. As compute becomes the smaller element, the rational configuration is compute inside the power system, not power beside it — and the owner of the power infrastructure becomes the natural integration point for the compute, memory, and intelligence that run on top of it.

There is a larger architecture implied by all of this. The first era of AI was built on centralization — vast, power-hungry data centers concentrating compute in a few places. Physical AI runs the other way: when intelligence has to live where the work happens — in orbit, in the air, on the factory floor, at the edge of the network — energy and compute must be distributed there too. The future of AI infrastructure is not only larger central data centers but a distributed fabric of energy-and-compute nodes across the physical world. Each of our markets is a node in that fabric where distributed energy and distributed intelligence meet.

I want to be measured about this. It is a structural direction over a multi-year horizon, it will be contested, and it will require KULR to invest in capabilities adjacent to our platform — software, edge AI deployment, and partnerships with model and compute providers. The decisions we are making — the battery-cell-agnostic architecture, the investment in battery management systems, the engineering depth we are extending into Japan — are the decisions that position us at the integration point of the edge intelligence stack as it emerges.

Taken together, the markets this addresses are vast — edge AI inference, general-purpose robotics, the Low Altitude Economy, orbital AI infrastructure, and energy services for critical infrastructure — served by a common platform, the integration of energy, compute, and intelligence at the edge.

Looking Forward

Over the years ahead, we will reveal the platform one capability at a time. Each quarter will bring proof points — customer wins, program advances, manufacturing milestones, partnership extensions, financial discipline — that together demonstrate the architecture we are building. Some quarters will be lumpy, because foundational programs in physical AI are multi-phase and revenue does not always land in the quarter a strategic position is secured. We will be clear about which milestones are foundational and which are revenue-generating.

We will continue to invest in this platform, extend our partnerships, and expand our global footprint with conviction — and operate with discipline, deploying your capital where it builds the most enduring positions. The opportunity, as I see it, is to build the platform the autonomous and intelligent systems of the next decade will depend on — because battery is infrastructure, and that infrastructure is ours to build. The way we get there is by doing exactly what we said we would in 2026: build more batteries, and sell more batteries.

Thank you for the trust you have placed in KULR. I am honored to do this work on your behalf, alongside a team that shows up every day to earn it.

Sincerely,
Michael Mo
Chief Executive Officer and Founder
KULR Technology Group, Inc.

Market Data Sources

• General-purpose robotics (~$370B by 2040, from <$1B in 2025): McKinsey & Company, “Will embodied AI create robotic coworkers?” (June 2025).

• Low Altitude Economy (~$210B by 2045): Bank of America Institute / BofA Global Research, “The ‘low-altitude’ economy is taking off” (June 2025).

• AI inference market (~$255B by 2030): MarketsandMarkets, AI Inference Market (2025).

• Orbital AI compute satellites (up to ~1 million, ~100 GW from 2028): SpaceX, Form S-1 registration statement filed with the U.S. Securities and Exchange Commission (2026).

Forward-Looking Statements

This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words such as “believe,” “expect,” “intend,” “plan,” “will,” “should,” “could,” “may,” “anticipate,” “project,” “target,” “on a [year] horizon,” and similar expressions.

These statements include, but are not limited to, statements regarding the Company’s strategic direction, market opportunities, platform development, partnerships, supply chain, geographic expansion, anticipated benefits of strategic partnerships, anticipated benefits of expansion into Japan, anticipated growth in addressable markets including space and defense, AI inference, AI data center infrastructure, orbital AI infrastructure, the Low Altitude Economy, general-purpose and humanoid robotics, and Energy as a Service for critical infrastructure, anticipated technology roadmap, expected timing of manufacturing capacity expansion and consolidation activities, anticipated future integration of compute, memory, and agentic intelligence with the Company’s power platform, and the Company’s overall business outlook.

Forward-looking statements are based on management’s current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to: risks related to the Company’s reliance on third parties; risks related to the closing and execution of strategic partnerships and customer agreements; market acceptance and adoption of the Company’s products and services; risks related to the development and certification of new products and platforms; competition; supply chain, geopolitical, and regulatory risks; the timing and execution of manufacturing capacity expansion; risks related to the development of edge AI compute integration and adjacent capabilities; and the other risk factors described in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.

The Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this letter, except as required by law. Statements concerning third parties, including SpaceX, NVIDIA, Bank of America Global Research, McKinsey & Company, and industry market sizing, are based on publicly available information and are referenced for context. The Company makes no representation as to the accuracy or completeness of such third-party statements.

About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, mobility applications, hyperscale AI data centers, and telecom infrastructure applications. Learn more at KULR.ai.

Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

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

Data suggests users on Reddit were calling to buy the recent Bitcoin dip while other social media platforms were either bearish or indecisive.

Bitcoin Social Volume Reveals How Different Social Media Platforms Reacted To Dip According to data from the analytics firm Santiment, the different major social media platforms have been split on how to react to the recent price action in the cryptocurrency.

The indicator of interest here is the “social volume,” which keeps track of the total unique amount of posts that make mentions of a specific topic or term on a given social media platform or group of platforms.

This metric tracks the number of posts/threads/messages rather than the mentions themselves, as the latter methodology can provide an inaccurate representation of the actual amount of discussion taking place related to the topic.

This is naturally due to the fact that sometimes discussion around a topic can be limited to a couple of threads, but with each of them making a considerable amount of mentions.

This trend is obviously not representative of what the wider community thinks, as only the users participating in these threads are interested in the topic. Thus, counting the posts makes more sense, as this number would only go up when there is genuine interest across the platform.

Now, what Santiment has done here is that it has filtered the social volume related to Bitcoin/cryptocurrency for bearish and bullish terms for each of these four major social media platforms: Telegram, Reddit, 4Chan, and X (formerly Twitter).

Here is a chart that shows the trend in these social volumes for all these websites:

How the different social media userbases reacted to the dip | Source: Santiment on X The bullish terms chosen by the analytics firm here are keywords like buy, bottom, and bullish. Similarly, the keywords related to bearish sentiment are sell, top, and bearish.

From the graph, it’s visible that during the recent Bitcoin plunge towards the $38,500 level, the Telegram users were mostly bearish as the social volume for terms pertaining to this mentality spiked. X users had also turned bearish, although the bullish social volume wasn’t much lower.

4Channers had seemed completely split on the trajectory of the asset, as both the social volumes were at about the same levels for the platform. Redditors appear to have been on the other end of the spectrum from Telegram and X users, as calls for buying the dip had spiked on the platform.

So far, the bets of the Redditors would have paid off, as BTC has made some recovery since the dip that they made potential buying moves at, although the scale of the surge has so far not been too much.

Historically, Bitcoin has tended to move against the expectations of the majority. Since these platforms are all split on the direction of the coin, it’s hard to say anything about where BTC would go based on the sentiment alone.

“When Telegram, Reddit, X, and 4Chan are all in an extreme level of bullish or bearish sentiment, this is the ideal time to be a contrarian and go against the crowd’s uniform presumptions about the markets,” explains Santiment.

BTC Price At the time of writing, Bitcoin is floating around the $40,200 level, down more than 5% over the past week.

Looks like the price of the coin has made some recovery in the last couple of days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net

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Ethereum price managed to hold the $2,200 support as the crypto market downturn intensified this week, on-chain signals highlight rising whale demand. 

On Jan. 22, the crypto market suffered significant bearish headwinds as Bitcoin (BTC) prices wobbled below $40,000 for the first time in 50 days. At press time on Jan. 25, the global crypto market capitalization has shrunk 7%, with $108.5 billion in valuation wiped out within the weekly timeframe. 

Ethereum (ETH) vs. Crypto Market Cap Performance | Source: TradingView Losing 5% in Ethereum (ETH) price has maintained a relatively more resilient performance than the industry average between Jan. 22 and Jan. 24.

Ethereum whale activity remains high despite downtrend  Ethereum price has managed to keep losses below the 5% threshold this week, while Bitcoin and the global crypto market cap shrunk by up to 7%, respectively, before making a mild rebound. On-chain data trends suggest that the rising level of whale trading activity recorded on the Ethereum network this week has been pivotal to ETH’s resilient price performance. 

Santiment’s Whale transaction count metric tracks the daily number of transactions involving a particular cryptocurrency that exceeds $100,000.

On Jan. 23, the Ethereum Whale Transaction Count surged above 1,190. A closer look at the chart below shows this was the highest recorded since the ETH price raced to a 20-month peak of $2,690 on Jan. 11. 

Ethereum (ETH) Price vs. Whale Transaction Count | Source: Santiment Corporate entities accumulate ETH at significantly high volumes despite the broader market retreat. This could be attributed to investors and fund sponsors looking to acquire Ethereum ahead of a looming ETH spot ETF verdict. 

During market downtrends, an increase in whale transactions impacts the price of a crypto asset positively in two major ways. Firstly, it provides market liquidity, enabling bearish panic sellers to execute their trades at favorable prices. It also reinforces confidence among small-scale retail traders. 

These factors have played a vital role as ETH battles to hold above the $2,200 support level amid market-wide sell-offs this week. 

Ethereum investors opt for long-term storage Furthermore, Ethereum has also recorded a steady decline in exchange reserves this week, which could be linked to the rise in whale activity. 

Corporate entities and whales are known to be value investors who tend to hold for longer periods. Unsurprisingly, the rising volumes of whale transactions on the Ethereum network in recent months have coincided with a rapid decline in supply deposited on exchanges. 

At the start of the week on Jan. 22, Ethereum supply on exchanges stood at 10.5 million ETH. But interestingly, that figure has dropped sharply to 10.4 ETH by Jan. 25. 

Effectively, this means that investors have shifted 150,000 ETH worth approximately $330 million from exchanges and trading platforms into long-term storage or staking contracts. 

Ethereum (ETH) Supply on Exchanges vs. Price | Source: Santiment Despite bearish headwinds, Ethereum Supply on Exchanges dropped by 150,000 ETH in the last four days, signaling a dominant preference for long-term holding and passive income staking among current holders. 

Notably, Ethereum exchange supply has been in a downtrend since the Proof of Stake (PoS) transition in May 2023, a move that has coincided with an extended period of price uptrend. 

ETH price prediction: Can Ethereum Price Stay Above $2,000?  As the downward trend in exchange supply persists, fewer ETH coins are readily available to be traded in spot markets. This appears to have decelerated the selling pressure on Ethereum this week relative to the broader altcoins market. Combined with the steady rise in whale transactions, Ethereum price is in a prime position to defend the $2,000 territory. 

IntoTheBlock’s in/out of the money around price data, which groups all existing ETH holders by their entry prices, also affirms this stance. 

It shows that 8.3 million addresses, the largest cluster of ETH holders, had acquired 46.5 million ETH at the maximum price of $2,078. If Ethereum price slides toward $2,100, many of these holders could make frantic covering purchases to defend their positions to avoid slipping into net-loss positions. This could effectively trigger an instant Ethereum price rebound. 

Ethereum (ETH) Price Forecast, Jan 2024 | Source: IntoTheBlock On the upside, Ethereum bulls could overturn the bearish pressure if it reclaims the $2,500 territory. But this looks unlikely within the current market dynamics. As seen above, a significant cluster of 3.7 million addresses had acquired 7.1 million ETH at an average price of $2,400. 

If they engage in mild profit-taking as prices hit their break-even point, Ethereum could slide into another correction phase.

Top 11 Platforms To Trade the Cheapest Cryptocurrencies

Buying bitcoin when CZ tweets ‘gm’ has paid off so far — but so has stacking sats

Toncoin (TON) and Ripple (XRP) both digital currencies have experienced downtime and in today’s market declined. Toncoin (TON) witnessed a 0.56% downward spiral and Ripple (XRP) had a 1.40% increase. On the other hand Pushd (PUSHD) has become an alternative for investors who are seeking to buy into new coins with potential. Pushd (PUSHD) basic utilities stand the token out from others. With a debit card that allows users to spend on their funds revenue fees for presale investors proportional to their holdings, swap services, a reward program, decentralized governance and a VIP program Pushd (PUSHD) has become investors favorite.

Toncoin (TON) price has declined leaving the coin trading at $2.09 with a trading volume of $27,904,315 and Ripple is at $0.5025 with a 24 hour trading volume of $845,853,957. While Toncoin (TON) and Ripple (XRP) pose a market danger there could be some positivity in their price action in the future. The crypto market is highly volatile and external or internal forces could boost Toncoin (TON) and Ripple (XRP) in the future. As a future market blue chip crypto Pushd (PUSHD) shows a positive market future in the coming bullish market.

Will Toncoin (TON) Ever Stay Stable in the Crypto Market?In November 2021 Toncoin spiked past $4 but in January 2024 it’s trading at half of its 2021 market price. Toncoin (TON) market run has always shown inconsistencies and could ruin investors who are not good market experts. The coin went below $1 in the mid year of 2022 before rising to $2.40. Throughout 2023 the token navigated around $2 to $3 going through bearish and bullish trends.

Five days ago Toncoin (TON) witnessed a 5% loss leaving the coin at a 6% loss in 7 days. Toncoin (TON) against its peers has been underperforming. The Q4 of 2023 saw the coin in the top ten of cryptocurrency market capitalization which is lower than it’s currently at 14.

Despite a Successful SEC Win Ripple (XRP) is Still on a Downward SpiralAnalysts believe that there is a turnaround for Ripple (XRP) but holders and investors are looking for quick profits. Ripple (XRP) began 2024 bearish, plummeting in its market chart. The token is ranked 6th by market cap but it doesn’t seem like the market cap is enough to get the coin out of its bearish zone despite its dedicated community.

After its partial SEC victory Ripple (XRP) has yet to recover posting a 16% loss in the past month and underperforming in terms of returns on investment. Rippe’s (XRP) downward trend has cost the coin its place in the top five cryptos in terms of size leaving its 5th position for Solana (SOL) and now ranked 6th.

Pushd (PUSHD) Buying Rave is Not Letting DownPushd (PUSHD) market expectations are looking better than Toncoin (TON) and Ripple (XRP). Investors are taking advantage of Pushd (PUSHD) market price in its presales stage which is situated at $0.075. Pushd (PUSHD) offers rewards that are user centric like governance rights and platform shares.

In the $6 trillion crypto world Pushd (PUSHD) brings an innovative idea that offers not just a short term goal but also a long term one. Pushd (PUSHD) is built in a way that allows investors market activities to be fast and easy.

Website

Disclaimer: This article is a press release. COINTURK NEWS is not responsible for any damage or loss related to any product or service mentioned in this article. COINTURK NEWS recommends that readers carefully research the company mentioned in the article.

Buying Solana (SOL) After Rally Is More Risky Than New A.I Presale, Here’s Why

Rekt Capital Advises Buying Before Bitcoin’s Pre-Halving Rally Takes Off 

Polygon Whale Bought the Dip as MATIC Dropped to $0.7, Reveals He Is Also Buying This Token at $0.09

Buying Bitcoin and Ethereum Made Easy with eToro

Binance, a leading cryptocurrency exchange, announced the delisting of six altcoins—PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). This led to sharp price drops for each token.

Starting August 26, 2024, at 03:00 UTC, Binance will halt all spot trading for these tokens and cancel any existing orders.

Deposits for these altcoins will not be accepted after August 27, 2024, but withdrawals will be allowed until November 26, 2024. Binance may later convert these tokens into stablecoins, though this is not guaranteed.

Additionally, Binance will automatically convert 15 previously delisted altcoins into the USDC stablecoin based on user holdings as of September 2, 2024, to provide a stable value.

These altcoins include Bitcoin Gold (BTG), Bitcoin Standard Hashrate Token (BTCST), Bitshares (BTS), District0x (DNT), Groestlcoin (GRS), Hegic (HEGIC), MobileCoin (MOB), Monero (XMR), Monetha (MTH), Multichain (MULTI), Navcoin (NAV), Sologenic (SOLO), Spartan Protocol (SPARTA), Symbol (XYM), and Tribe (TRIBE).

Even though it's still up on the year, the last month has been rough for Redwire (RDW 6.87%). As of June 23, the Redwire stock price has sunk by over 40% due to a mix of company-specific news and external factors.

The aerospace and defense company still has plenty of hurdles to clear before shareholders should expect a rebound. But the good news is one of the issues it's facing isn't a fundamental business flaw, and that issue should be short-lived.

Image source: Getty Images.

Share dilution and worries around cash burn On June 9, news broke that Redwire was selling up to $500 million worth of stock through at-the-market offerings. The company's share price was punished on the day, falling by more than 7%.

The reason was the worry over the dilutive nature of new stock being issued. But if the money raised is used productively and adds value to the company, it can help boost the stock price over the long term. If it turns out to be mostly used to fund short-term needs, however, that won't help the stock price recover.

There's also ongoing concern that the company keeps burning through cash and may need to keep raising capital, creating further dilution. For 2025, it reported a net loss of more than $226 million and ended the year with total liquidity of about $130 million.

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The boost for the entire space industry With all the excitement around the Space Exploration Technologies initial public offering (IPO), it provided more attention to the rest of the space sector. That attention helped broadly boost stock prices across the space sector for a bit, but after the SpaceX IPO, the excitement quickly wore off.

Since SpaceX went public, the Redwire stock price has dropped nearly 14% from June 12 to June 22. That has weighed on the stock price more recently, but it's also not a fundamental business issue, which is good news for shareholders.

The space sector just needs some time to adjust after so much attention and retail investment dollars were directed to SpaceX.

What's next Despite the challenges, Redwire has promise. It expects revenue to jump from roughly $335 million in 2025 to $450 million-$500 million in 2026, and in its 2026 first-quarter earnings results, it reported a record backlog of nearly $500 million.

That said, for Redwire stock to regain its footing and reverse the losses from the last month, it needs a solid 2026 second-quarter earnings report. It needs to show it can stand on its own feet beyond the hype SpaceX brought to the space sector, get spending under control, and turn more of its backlog into revenue.

Rigetti Computing (RGTI 8.22%) stock, which managed to hold more or less steady earlier in the week, suddenly stumbled and fell 9.2% through 2:55 p.m. ET Wednesday.

Helping to support the stock price earlier was a Trump Administration order promoting the development of quantum computing, which sparked a wave of call option buying yesterday -- as many as 10.4 calls purchased for every put, according to StreetInsider.com -- indicating traders were heavily bullish on the stock.

Image source: Getty Images.

Some good news for Rigetti? As NBC reports, President Trump on Monday signed an order "to build a powerful quantum computer for ​scientific research," aiming to have the device operational before he leaves office in 2029.

Further out, the President called for protecting government computer systems from cyberattacks made more powerful by the use of quantum computers, by using other quantum computers to build quantum-resistant cryptography by 2030 or 2031.

And I must say, all of this sounds pretty bullish for a leading quantum computing stock like Rigetti, and a good reason for investors to be bidding it up yesterday.

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No bad news for Rigetti stock The other good news is that there's no specific bad news driving today's sell-off. It's just that all the call-buying yesterday may have gone overboard. The lack of further good news like Monday's may have prompted day traders to cash out today, sparking a momentum crash.

Volatility, of course, is the name of the game in quantum computing stocks, where far-in-the-future advancements (2028? 2030? 2031?) run into analyst forecasts of continued losses for the companies supposed to make the advancements. Analysts polled by S&P Global Market Intelligence warn that it could be 2031 or later before Rigetti earns its first profit.

Even with government support, Rigetti stock remains a risky bet.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

IMPT, the blockchain-powered carbon-offset ecosystem, is preparing for a major global breakout. With over 7 million hotels, 25,000 retail partners, and 100 major airlines already integrated, IMPT is positioning itself as one of the most ambitious sustainability-driven crypto projects on the market today.

The project was recently selected for the Google Accelerator Program, further validating its potential to scale on a global level.

Now, IMPT is entering a new phase: a global marketing blitz launching this week. The campaign is designed to put IMPT in front of millions of new users across travel, retail, and e-commerce — unlocking a powerful new wave of adoption.

“We’ve built the foundation. Now it’s time to show the world what IMPT can do,” said [Mike English/CTO]. “Every hotel booking, every retail purchase, every airline ticket bought through IMPT drives real carbon offsetting while increasing token utility. It’s a model designed for both global impact and investor growth.”

Why IMPT Matters

7 Million Hotels – full global OTA-style coverage 25,000 Retail Partners – including major global brands 100 Airlines – integrated directly into the ecosystem Listed on 4 Major Exchanges – Bitmart, Gate, Coin Store, and LBank Google Accelerator Selected – recognition from one of the world’s leading tech programs Token Utility: Deflationary by Design

Every transaction on the platform triggers a token burn, reducing circulating supply and strengthening long-term price support. This deflationary mechanism ensures that as adoption grows, demand increases while supply shrinks — a model designed to reward early adopters.

How to Get Involved

IMPT is available globally:

Visit www.impt.io

Search IMPT in any app store

Trade on Bitmart, Gate, Coinstore, or LBank

Join the IMPT community on Telegram

About IMPT

IMPT is a blockchain-powered platform that enables users to make everyday purchases while directly contributing to carbon offsetting. By integrating with global retailers, airlines, and travel providers, IMPT turns ordinary transactions into measurable environmental impact — while powering a deflationary crypto token economy.

For more information:
Telegram: @MEWEB3
Email: [email protected]

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]

Mobile giant Supercell, the company behind the smash mobile games Clash of Clans and Clash Royale, has invested in crypto gaming startup Games for a Living as part of a wider $3.2 million seed funding round. 

Games for a Living (GFAL) was co-founded by Trip Hawkins, the original founder and CEO of video game titan Electronic Arts (EA). Acting as chief strategy officer, the startup company is developing games based around NFTs and crypto tokens.

With the fresh injection of capital, the startup plans to expand its core team and accelerate its production plans. This comes after the launch of its GFAL token sale, which brought in $4.4 million in capital last year. According to CoinGecko, the price of the GFAL token is up 235% since March 2023, though it has a relatively low market cap at $42 million, making it the 748th most valuable cryptocurrency on the market as of this writing.

“I’ve had the pleasure of working together with the team earlier in my career.” Supercell CEO Ilkka Paananen said, in a release. “We are excited to be part of their journey and see all the great things they’ll achieve.”

Alongside Supercell, this latest round of funding saw investment from former gaming entrepreneur and video game executive Mitch Lasky, as well as the former co-managing director of esports tournament operator ESL, Heinrich Zetlmayer.

“GFAL has really blossomed in the last year,” Hawkins said in a release. “I have incredible respect for Ilkka, Mitch, Heinrich, and our team, and this investment proudly gives us a clear imprimatur. We are excited about the coming year and have the resources to deliver and continue our growth.”

Last year, the startup soft-launched the game Elemental Raiders, only releasing it in limited parts of the world amid ongoing development. The studio claims in the funding announcement that the game has seen “steady improvement” in performance and metrics since March 2023.

Edited by Andrew Hayward

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Top Fan Tokens to Watch as Premier League Kicks Off

Wed 07 May 2025 ▪ 4 min read ▪ by Mikaia A.

Summarize this article with:

FC Barcelona’s defeat against Inter Milan not only plunged Catalan fans into dismay. This Champions League shock also shook another world, that of cryptos. Because behind the digital scenes, another match was being played: that of fan tokens. And while blaugrana supporters were feeling down, holders of the $INTER token were rejoicing.

In brief $INTER climbs 10.5% after its victory, $BAR falls 19.5% in 24 hours. Crypto traders anticipated the PSG-Arsenal match with spectacularly increased volumes. Tether’s investment in Juventus has awakened the entire football fan token market. Tokens activate according to results, linking sports passion and speculation in crypto markets. Inter crushes Barcelona… and ignites fan tokens The 4-3 scoreline signed Inter Milan against Barça made stadiums vibrate, but also crypto wallets. The token $INTER jumped 10.5% after qualification, reaching $1.19 the day after the match. Conversely, $BAR, FC Barcelona’s token, plunged 19.5% in 24 hours.

The curves mimicked the field: sharp rebounds and drops. During the 3-3, $INTER had lost 20%, before regaining 30% after the winning goal.

INTER wins a 7-goal match! Final secured. Graphs explode.

@FanTokens On the pitch, Yann Sommer was relentless. The Swiss goalkeeper extinguished Catalan hopes.

We believe until the last second. We work for these matches, for these moments.

Y. Sommer With seven decisive saves, he offered much more than a ticket to Munich. He boosted $INTER traders’ euphoria.

Hourly price evolution of INTER on May 7, 2025 – Source: TradingView PSG-Arsenal: tokens ready to explode Tonight, all eyes turn to PSG-Arsenal. And fan tokens are already boiling. $PSG and $AFC show volumes doubled in 24 hours.

Bets on the next Champions League champion – Source: Polymarket Polymarket gives 47.1% chance for Paris to win the final. Inter at 38.6%, Arsenal at 13%. The price of $PSG could rise to $3 if victorious. However, a defeat could push it down to $2.23, according to the 200-4H EMA.

$AFC follows a cup-and-handle pattern, with a 17% potential on success. But failure would bring the token down to between $0.63 and $0.56.

Every goal, every victory generates rewards. It’s not just farming. It’s tokenized hype.

@realokwy. Crypto traders are sleepless. Football fuels their adrenaline.

Crypto, business and connected stands Fan tokens are not just digital gadgets. They are utility assets based on the Chiliz blockchain. They allow access to votes, exclusive experiences, content, and meet-ups. Unlike NFTs, they are fungible. And that changes everything.

The Tether investment in Juventus served as a catalyst. $JUV jumped over 200%. Other tokens followed: Lazio, Porto, Paris… The model is spreading. Bonuses are now offered to holders: up to $5,000 per win, $10,000 for the final.

Here are some key figures:

$INTER: +10.5% after victory; $BAR: -19.5% overnight; $AFC volumes: +200% in 24h; Bonuses: $5,000 per win (Gamified DeFi). This bridge between the real world and the blockchain transforms clubs’ economics. A new business model is building, between passion, speculation, and loyalty. Crypto and football merge in a new dynamic where the pitch influences Japanese candlesticks.

In 2022, the Argentine fan token $ARG soared after the World Cup victory. This precedent shows that key moments awaken token markets. As the Champions League approaches its conclusion, it would be wise to watch the upcoming matches. Because if history repeats itself, crypto fans might be raising their arms even before the final whistle.

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Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

5 Crypto Tokens That Could Rally 100% Ahead of Trump’s Cabinet Selection

CoW Protocol’s native token has soared 46% after South Korean exchange Upbit announced it will be listing the token on its platform on Feb. 25.

According to a recent notice, Upbit will be listing COW (COW), the CoW Protocol native token starting from Feb. 25 at approximately 20:30 KST. The Ethereum (ETH)-based token will be available for trading on the Korean won, Bitcoin (BTC) and Tether (USDT) markets. Users can begin depositing COW on Upbit at 19:30 KST.

Shortly after Upbit announced it will be listing COW, the token saw a major leap in price. COW soared as high as 46% mere minutes after the notice was posted, reaching a peak of $0.46 in daily trading. At the time of writing, COW is trading hands at $0.43.

According to the Upbit notice, the previous day’s closing price for COW was around 418 Korean won or equal to $0.29. In the past week, COW has seen a rise in value by 34.2% but it has experienced a decrease by nearly 30% in the past month.

Price chart for CoW Protocol’s native token, February 25, 2025 | Source: crypto.news The CoW Protocol native token has a market cap of $173.6 million and a fully diluted valuation which stands at $420 million. In the past 24 hours, COW’s trading volume has seen a 568.60% increase to $114 million in the past 24 hours, indicating a significant rise in trading activity.

Buy orders for COW will be restricted for five minutes after trading support begins. While all types of orders, with the exception of limit orders, will be restricted for an hour after trading support begins. Sell order prices are capped at a minimum of 10% less than the previous day’s closing price.

The CoW Protocol is a decentralized trading platform with intent-based aggregator as its main service. It also provides features like Maximal Extractable Value blockers, Remote Procedure Call solutions, and Automated Market Makers. COW is the CoW Protocol’s native token and is used for governance.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Table of contents

A leading $PEPE whale used 1928.86 $WETH (worth 3.95 million dollars) to purchase 20,511 $AAVE tokens at a price of $193 each through the CoW Protocol. The bull market sentiment toward $AAVE is evident through the transaction executed 14 hours ago through CoW Protocol because it already generated $406,000 of floating profit from the WETH investment.

14 hours ago, a whale spent 1928.86 $WETH ($3.95M) to buy 20,511 $AAVE at an average price of $193.

Currently, has a floating profit of $406k. The wallet belongs to an early $PEPE whale who holds 2.88T $PEPE ($19.97M).

Buying Wallet: 0xbcda26b7c6fe36b4f97c21a57807817b06e15c77… pic.twitter.com/JQOPQua1Jd

— Onchain Lens (@OnchainLens) March 5, 2025 Breaking Down the Whale’s Wallet Holdings Nansen on-chain analysis shows the whale wallet 0xbcda26b7c6fe36b4f97c21a57807817b06e15c77 controls deep $PEPE holdings. The whale investor currently manages 2.88 trillion $PEPE worth approximately $19.97 million, which ranks them as one of the main early investors in this meme coin.

Transaction Breakdown: $WETH to $AAVE The whale conducted the $AAVE purchase across multiple transactions that CoW Protocol’s settlement contract processed. The investor made multiple large $WETH to $AAVE swaps through CoW Protocol settlement contracts with each trade between 65 to 256 $WETH.

A single transaction between the two tokens involved 256 $WETH amounting to $536,585 which produced 2,658 $AAVE. Additional swaps by the whale demonstrated his dedication to obtaining large amounts of $AAVE.

What This Means for $AAVE and DeFi Markets Information about whale movements acts as an important market sentiment measure, thereby indicating enhanced faith in DeFi governance tokens based on this significant $AAVE purchase. The ongoing accumulation by this whale investor indicates substantial market impact that would drive higher $AAVE prices over the near future.

The deep position in $PEPE assets owned by this investor leads to speculation about upcoming market moves by them. This whale’s current decision to sell parts of their $PEPE holdings could lead funds to enter both $AAVE and other elite DeFi crypto tokens, thus fueling market activity.

Are More Big Moves Coming? The crypto world attentively monitors $PEPE holdings due to the remaining $19.97 million of locked capital in the token. This progressive movement of investment funds from the whale into $AAVE could point to enhanced DeFi market enthusiasm that brings about increases in institutional-level and whale-scale capital inflow.

The crypto community maintains high awareness about the next moves of this significant investor as they monitor the whale activity closely. Has the current $AAVE purchase started an ongoing accumulation strategy from this whale investor or does this represent only a temporary investing approach? These whale activities enhance the rising prominence of DeFi governance tokens as critical elements in the developing cryptocurrency market structure.

AUTHOR

With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.

Key Takeaways COW surged more than 23% in 24 hours as volume followed suit. Still, more than 70% of traders were profitable, but is that enough to sustain the rally?

CoW Protocol [COW] has been in an uptrend for the past month. As of press time, COW had surged by 23% in the last 24 hours, while its volume reached $150 Million.

More data from CoinMarketCap showed that COW’s DEX volume had surpassed that of 1inch [1INCH]. Combining this, price action and liquidity provided some insights on why the altcoin was up.

Will COW defend its gains? COW’s surge took its price to a key level at $0.46 as the price broke from a bearish structure.

The shift in structure was corroborated by the trendline break, where price retested at $0.27. A second retest came to the same level, leading to a double bottom, which signaled the end of this correction.

With the level at $0.46 defining being defined by equal highs, a break above it could lead COW toward $0.88 thus opening the door to reclaim $1.

This surge was further backed by the rise in on-balance volume (OBV) despite the metric staying in the negative zone. Importantly, the OBV had surged from a low of -$738M to -$91M at the time of writing.

Source: TradingView With the structure point toward a bullish continuation, it is worth assessing the other side of the coin. COW could revisit $0.27 if the equal highs produced a subsequent price decline.

This would make the structure still remain bullish.  However, a break below $0.27 could invalidate the bias. Apart the structure influence, what else has determined and could define the future of COW?

Will profits lure more holdings? More analysis using IntoTheBlock data showed that a huge number of holders were in the money. Statistics showed that about 71% were in profit while 29% faced losses, with the remaining being at break-even.

Since more traders were in profits, it could lure these participants into more holding time to increase the gains.

Examining the profitability data offered insights on key areas to focus on. Key resistance zones were between $0.46-$0.73 and $0.73-$1.55 where 55.77M and 230.62M respectively were accumulated.

On the hand, support important support zones were between $0.30 and $0.38 as more than 234M COW were bought.

The accumulation account was key, as holders tend to take profit or cut losses when price trades in these zones.

Can liquidity derail this surge? Despite the anticipation of more gains, liquidity could play a key role in negating this sentiment. According to CoinGlass data, longs of 50X leveraged were reducing as price approached $0.45.

Meanwhile, shorts of equal magnitude but with more volume were building at this level. This signaled that derivative traders were starting to short the altcoin heavily, which could pose a problem.

Source: CoinGlass Worth noting, Binance and Bybit controlled much of the token’s trading. Bybit had the most volume, with cumulative short liquidation leverage for both standing, at $2.90 million during press time.

Ondo Launches Tokenized Versions of Over 100 NYSE and NASDAQ Securities on Ethereum

Vitalik Buterin, the co-founder of Ethereum, drew the spotlight onto himself in the cryptocurrency world this morning after a series of notable on-chain transactions. According to data from Arkham, Buterin managed hundreds of thousands of dollars in sales, cashing out large portions of his holdings across different crypto protocols. Spanning roughly twelve hours, these transactions injected significant volatility and speculation into the digital asset market.

CoW Protocol Powers Buterin’s Multi-Million Dollar Sell-OffRenowned as one of the most closely watched figures in the industry, Buterin carried out multiple transactions early in the day, primarily using the CoW Protocol. Transaction records reveal that several withdrawals—each packaged in lots of 142,857 Wrapped Ethereum (WETH)—were executed just two to six hours apart. In return, Buterin received GHO, a widely used stablecoin, indicating not just diversification but also a hesitance to remain too heavily weighted in native crypto assets.

A breakdown of these swap operations shows each primary transaction averaged between $282,000 and $284,000. The pattern of wallet movements confirms that hundreds of thousands of dollars’ worth of Ethereum-based assets changed hands in a matter of hours. The reasoning behind Buterin’s sudden liquidity push has sparked heated discussions across the crypto community, while financial experts have started to examine how such swift, high-volume transfers might impact overall market depth.

Further analysis of his wallet activity reveals that Buterin’s trades reached beyond decentralized exchanges. Alongside CoW Protocol, his wallet interacted with platforms like Aave and Socket, facilitating smaller-scale shifts involving USDC and various token types. Nevertheless, the lion’s share of the transfer volume remained concentrated in those massive WETH transactions on CoW Protocol, painting a clear picture of deliberate portfolio rebalancing by the Ethereum founder.

Behind-the-Scenes Wallet Strategies and Transaction DetailsDigging deeper, a particularly attention-grabbing transfer of 3,500 WETH—amounting to almost $7 million—was recorded roughly seven hours ago, marking one of the day’s standout on-chain moves. The funds leaving Buterin’s wallet were deployed both to update his positions on the Aave platform and to send some of his holdings to the so-called “Null Address,” an action typically performed to burn tokens or remove them permanently from circulation.

Especially notable was a $284,000 GHO acquisition about six hours prior, fueling speculation that Buterin may be seeking refuge in stablecoins to hedge against broader market volatility. Every single move was immutably logged on the blockchain ledger, ensuring none of these major sales remained hidden from public scrutiny. As a result, many market participants are interpreting Buterin’s substantial transfer out of his own ecosystem as a potential precursor to further price swings in the days ahead.

Covering a twelve-hour window, this intense spate of transactions is best characterized as more than a simple round of profit-taking. Buterin’s activity reflects a complex wallet optimization strategy, one that not only adjusts his liquidity balance but also propels him to the top of crypto news headlines. The transparent nature of crypto assets meant the entire world was able to watch his multi-million dollar movements unfold in real time—compelling institutional and retail holders alike to reevaluate their next steps.

“Within just a few hours, Vitalik Buterin executed a series of multi-hundred-thousand-dollar swaps, primarily through decentralized protocols. Such high-volume, rapid movements from a figure of his stature inevitably invite market speculation and careful analysis,” Arkham observed in reporting on the transactions.

Buterin’s actions, spanning across established DeFi networks and involving both stable and volatile assets, signal a proactive approach to portfolio management. While speculation abounds about his motivations, the on-chain transparency of the crypto world ensures his every move echoes through trading desks and online forums alike. For now, the reasoning behind these substantial reallocations remains the subject of vigorous debate.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.