Reports say the useless coins have skyrocketed 52% in one day after becoming the first Memecoin from Letsbonkfun.

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The price rose from $0.19 to $0.33 during the first burst, with data from the Coingecko show, and many traders sold overnight to the move.

Social benefits rose along the price: growth over the 30-day period was 42%, which led to nearly 9,700 new followers, Messari data shows.

Replace fuel hype

We report that other platforms have moved quickly. Kraken listed the tokens in the buzz, and Coinbase was useless in the list roadmap, making the tokens look like the US market.

That wider exposure seems to be attracting attention with new buyers. Some traders said that by relaxing crypto rules and exchange access, the memos are helping them gain more eyes and gain more capital.

Deposits of $ are open at https://t.co/azwoboh0gq!

Trading in useless/usdt pairs begins at 7am on August 14th.@theuselesscoin Solana’s meaningless and meaningless Memecoin is a parody of “serious” code that thrives in the power of memes and in the growing community.

– binance.us (@binanceus) August 13, 2025

Buyers pushed early and some benefited

Orderbook’s snapshots showed a fierce bid before Binance’s announcement, with some market watchers flagging those buyers as suspicious.

USELESS social interest up. Source: Messari.

Buying an insider has been a general concern about the list, and the timing here has raised eyebrows. After its launch, the price was shot from $0.22 to $0.31, then cooled down as it made profits. By the second day, the volume of shopping/selling started to be easier, and the buy side was deeper.

Overall activity increase by 300%

Trading activity has skyrocketed. The daily volume reached $420 million. This was more than 1.5 times the market capitalization of tokens from trade tally. Landing and shortly after that, overall activity increased by almost 300%.

The recovery phase of the Bonk pair is led by a hardworking community that never ceased during Bear Day.#Not useful The target is $5 billion.$ kori, $ momoand #wangchai: Each aims to reach at least $300 million.

The Bonk community is away from other LaunchPad platforms and there are frequent projects here… pic.twitter.com/dkwimbtjw

– GEMDETECTERTER® (@GEM_DETECTER) August 14, 2025

In a decentralized exchange, Netflows is no longer useful at the top of the list among the top 10 coins by Netflow, even before Bonk (Bonk). X’s GEM detector data showed its uselessness as the most retained token of the platform’s top four memokines. This is a sign that the community is highly interested.

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Technical indicators showed higher volatility as the Bollinger bands expanded. The midpoint of the band is $0.27 near the previous resistance and could serve as the next support.

A resistance of about $0.33 seems to be a key pivot. A clear break that could open a pass towards $0.40. If $0.27 fails, the token could return to $0.22, the level at which the surge began. The consolidated spots and bid deltas have reached the highest levels since launch.

X/@TheUselessCoin’s featured images, TradingView’s chart

The biggest Shiba Inu (SHIB) wallets have just made their most substantial move in days, with outflows from major centralized exchanges more than doubling between Thursday and Saturday. IntoTheBlock data shows that 183.03 billion SHIB left large holder addresses on Aug. 7, but by Aug. 9, that figure had surged to 359.6 billion — a shift that occurred as the token’s price increased from $0.000013 to $0.000014.

On paper, “large holders” refers to any address holding more than 0.1% of the circulating supply. In SHIB’s case, this includes individual “whales” as well as some of the industry’s largest exchanges.

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Coinbase, Binance and Upbit all sit near the top of the leaderboard, collectively holding billions of dollars’ worth of SHIB.

When coins leave these exchange-linked wallets, it often signals that buyers are moving them into private custody — a move that typically follows accumulation rather than sell-offs.

SHIB price backs up outflows

From Aug. 2 to Aug. 6, both price and outflow volumes barely moved, with activity levels staying within a narrow range. This calm was broken midweek, suggesting a shift in strategy by large holders, whether through coordinated withdrawals or opportunistic buying following recent price drops.

As exchanges act as liquidity hubs and hold some of the largest SHIB wallets, movements of this scale can quickly influence the available supply on the open market.

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While spikes in large holder outflows can sometimes indicate panic selling during volatile conditions, the combination of rising outflows and a slow price increase suggests a different narrative — one in which SHIB is being withdrawn from exchanges with the intention of holding it.

If this trend continues and the exchange float shrinks, any fresh demand could lead to a faster-than-expected increase in prices.

Robinhood and Kraken underscore that the crypto-fintech industry is thriving despite weathering market cross-currents.

Robinhood has reported total revenue of $989 million, a staggering 45% year-on-year rise and a 7% sequential rise from Q1. On 30 July 2025, Robinhood released “strong business results in Q2 driven by relentless product velocity.” 

The company recently launched tokenization. Robinhood CFO Jason Warnick said, “Q2 was another great quarter as we drove market share gains, closed (the $200) million acquisition of Bitstamp and remained disciplined on expenses.”

Crypto revenues almost doubled, reching $160 million – a 98% rise YoY.

And Q3 is off to a great start in July, as customers accelerated their net deposits to around $6 billion and leaned in with strong trading across categories,” Warnick added. 

The company reported 42 cents, doubling last year’s figure and beating Wall Street’s expectations of 31 cents.

Robinhood, $HOOD, Q2-25. Results:

Adj. EPS: $0.42
Revenue: $989M
Net Income: $386M
Strong quarter driven by crypto and options trading surge, record 3.5M Gold subscribers, and Bitstamp acquisition. pic.twitter.com/NV048RLOA6

— EarningsTime (@Earnings_Time) July 30, 2025

Explore: Top Solana Meme Coins to Buy in August 2025

Kraken To Raise $500M Ahead Of IPO

#Kraken is making waves in the crypto world!

They’re raising $500M, valuing the company at $15B, and setting their sights on a potential IPO in early 2026.https://t.co/HLy8q8SwwL pic.twitter.com/V39Obuq6dg

— CCN (@CCNDotComNews) July 30, 2025

Kraken is planning to raise $500 million at $15 billion valuation ahead of potential 2026 initial public offering (IPO).

Moreover, Kraken reported $411.6 million – an 18% YoY increase. The company’s adjusted EBITDA, however, is down 7% YoY to $79.7 million. The company said, “in Q2, our pace accelerated — new products launched, global access expanded and infrastructure scaled.”

The company’s platform assets surged 47% YoY to a new high if $43.2 billion. Kraken’s funded accounts increased 37%, reaching 4.4 million active users.

​Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025​

Robinhood Reports 45% YoY Jump In Revenue, Kraken Sees 18% Climb

What you need to know

• YouTube Premium users can now skip right to the good stuff on the big screen.
• The Jump Ahead feature is already live on devices like the Nvidia Shield TV and Google TV streamer.
• The feature studies where most people skip (sponsors, fluff, awkward intros) using AI and yeets you past the nonsense.

YouTube Premium users on TV are starting to get access to the new Jump Ahead feature, which lets you skip straight to the key parts of a video.

Mishaal Rahman from Android Authority spotted the Jump Ahead feature working on his Nvidia Shield TV. It was previously limited to YouTube’s web and mobile apps, but it’s now popping up on TVs too.

The TV version of Jump Ahead works a bit differently than on mobile or web. Instead of showing a “Jump Ahead” button when you try to skip past a popular spot, it marks the ideal skip point with a dot on the progress bar. When you fast-forward using your remote, the dot gets highlighted, and hitting it again jumps you straight to that moment.

Way better than double-tap hell

Prior to this update, double-tapping on YouTube just skipped a few seconds ahead. While the app did add a waveform to show popular parts of a video, it wasn’t exactly the easiest or most useful way to find key moments.

So, if you hate waiting around, Jump Ahead might be your new favorite YouTube feature.

The tool is a smarter jump to the parts people actually care about. It uses AI to track viewing habits and takes you straight to the scenes most viewers tend to fast-forward to.

YouTube’s AI-based feature, which started testing last year, is quickly becoming a go-to for regular viewers. It helps skip past sponsors and fluff, jumping right to the parts that actually matter.

YouTube quietly lists Jump Ahead as available on TV devices, but there’s no clear rollout timeline. It’s not popping up on every screen yet, and YouTube is keeping mum with no official launch news so far. Over at Android Police, they’ve already spotted Jump Ahead in action on their Google TV streamer.

Data center Hyperscale Data announced that it has begun purchasing XRP as part of a previously stated plan to acquire up to $10 million of the token, with the company’s shares jumping up to 12% amid the announcement.

The company stated in a July 28 announcement that the reports will summarize digital asset activity from the prior week and display the cumulative XRP held on its balance sheet, positioning the disclosure as a transparency measure for its long-term accumulation strategy.

Furthermore, Hyperscale announced it will start publishing weekly acquisition updates on August 12.

Amid the announcement, Hyperscales’ GPUS shares jumped up to 12%, leaving $0.73 to reach $0.82.

Rail for scalable cross-border value transfer

The diversified holding company framed XRP as a scalable and efficient rail for cross-border value transfer and emerging financial infrastructure. 

It added that its board is considering expanding the $10 million program, subject to market conditions and available financing, and is evaluating a 36‑month lockup for the XRP it accumulates, tied to internal milestones.

Executive Chairman Milton “Todd” Ault III said in the announcement:

“We view XRP as a foundational asset in the evolving global financial ecosystem. Our goal is to build a balance sheet that reflects the future of not just computing infrastructure, but of global finance as a whole.”

The company stated that the weekly cadence is designed to provide investors with a consistent view of execution and risk management related to its digital-asset program, at a time when large public firms are experimenting with treasury exposure to crypto. 

Shares of Hyperscale Data have climbed as much as 12% in July, rising from $0.73 to $0.82. As of press time, the stock is up 7.5% at $0.7835. 

The company did not attribute the move to any single catalyst. However, the disclosure of active XRP accumulation and a forthcoming reporting schedule adds a new narrative for investors tracking GPUS alongside its core data center and energy ambitions.

Sequans Communications’ (SQNS) surged more than 40% after the wireless-chip designer closed a $384 million private placement with plans to spend the bulk of that in bitcoin

.

The deal combined a $195 million sale of American depositary shares

and warrants at $1.40 with $189 million of five-year secured convertible debentures priced at a 4% discount, according to a press release.

The France-based company’s ADSs rose to $2.01 on Nasdaq after the announcement.

Investors can convert at $2.10 per American depositary share and, if all warrants are exercised, Sequans could net another $57.6 million, with the funds also being earmarked for bitcoin purchases.

CEO Georges Karam said the company sees the asset enhancing its financial resilience and creating long-term value. Sequans designs low-power 4G and 5G modems used in smart meters, asset trackers and industrial sensors.

Swan Bitcoin will source and custody the coins while Northland Capital Markets and B. Riley Securities handled the financing.

The move sees Sequans join a growing list of publicly traded firms adopting bitcoin as their primary treasury reserve asset. A total of 852,309 BTC are currently held by these firms, according to Bitcointreasuries data.

The bulk of those coins are held by Strategy (MSTR), which has 597,325 BTC on its balance sheet. It’s followed by MARA Holdings (MARA) with 50,000 BTC and XXI, with 37,230 BTC.

Shiba Inu tumbled to an intraday bottom of $0.000010 on Sunday, marking its weakest point in 16 months. According to market analyst Tom Tucker, that low could set the stage for a sharp turnaround.

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The meme coin has slipped 14% since June began and is off 37% from its May high of $0.00001764. Big holders are growing cautious too, with whale wallets down about 80% and open interest in Shiba Inu futures falling to $123 million—a level last seen in early April.

Double Bottom Pattern Offers Hope

Based on reports from Tucker’s June 22 chart examination, the meme coin appears to be forming a classic double bottom on its daily price graph. That pattern often signals that a sell-off has run its course.

SHIB first bounced off roughly $0.00001028 on April 7, climbing 70% to reach $0.00001765 by May 12. Now that the coin has revisited that support zone at around $0.00001030, traders will be watching closely to see if history repeats itself.

$SHIB crashed 7.5% to $0.000011 as geopolitical tensions spooked markets.

Down 38% from May highs, with whale holdings -80% and futures OI at a 1-month low.

TA shows deep oversold levels, but a double-bottom near $0.00001030 could spark a 62% rebound if support holds.#SHIB pic.twitter.com/uEo3ebjxXD

— Tom Tucker (@WhatzTheTicker) June 22, 2025

Support Zone Holds Crucial Key

According to Tucker, Shiba Inu needs to stay above $0.000010 to confirm the double bottom. The token has already climbed 7.7% from Sunday’s trough to trade around $0.00001081 today.

If the support holds firm, he predicts a 62% rally that would lift SHIB to about $0.00001752—practically matching last month’s peak.

Whales Exit As Risk Appetite Fades

The most recent decline in major holder balances suggests that there could be a shift in market sentiment among Shiba Inu biggest fan base. Whale positions have been 80% lower from its May high, and the decline in open interest hints that leveraged speculators are not taking as much risk. Those moves suggest caution is likely to persist until the buyers return en masse.

Shiba Inu Team Urges Patience

Meanwhile, the Shiba Inu ecosystem’s marketing lead, Lucie, has asked the community to stay calm. Based on statements from the team, the rally to $0.01 is still the long-term goal, but reaching that milestone means to not “panic” and stay resilient.

Panic is not an option. If we haven’t won yet, it’s because it’s not over.

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 22, 2025

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Lucie reminded supporters that market swings are part of the journey and that holding through downturns could pay off down the line.

Investors seeking a clear entry point might find the present price action appealing. If SHIB manages to hold above that $0.000010 support, a rapid recovery is in the cards. But if the coin goes below that line, the next move down might take it to even lower levels.

Traders should be observing volume, whale actions, and the larger crypto market sentiment before making their next move.

Featured image from Imagen, chart from TradingView

Author

Sujha Sundararajan

Author

Sujha Sundararajan

About Author

Sujha has been recognised as Women In Crypto 2024 by BeInCrypto for her leadership in crypto journalism.

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Last updated: 

June 20, 2025

Healthcare infrastructure firm Semler Scientific is planning to accumulate 10,000 Bitcoin by this year and targets 105,000 Bitcoin by 2027. The company has appointed BTC expert Joe Burnett as Director of Bitcoin Strategy to help lead its ambitious plans.

Semler Scientific already holds 4,449 Bitcoin in its stash and is the second U.S. publicly traded company to adopt Bitcoin as its primary treasury reserve asset.

Per the Thursday announcement, the firm aims to use proceeds from equity and debt financings and cash flows from operations.

Former Director at Unchained to Lead Semler Scientific’s BTC Strategy

Bitcoin research expert Joe Burnett recently told Cryptonews that BTC is “more scarce and portable than gold.” He has been publicly making the case for Bitcoin as the world’s most advanced form of monetary tech.

Burnett served as the director of market research at Unchained before joining Semler Scientific, contributing to helping institutional Bitcoin adoption by offering collaborative custody solutions.

“We are excited to have Joe join our Bitcoin strategy team and help drive our three-year-plan to own 105,000 Bitcoins,” said Eric Semler, chairman of Semler Scientific.

“It’s time to build one of the most valuable companies in the world,” wrote Burnett on X.

Corporate Bitcoin Holders Maintain Similar Goals

Semler Scientific’s aim to accumulate 10,000 Bitcoin by 2025 mirrors some of the leading Bitcoin holders’ strategy.

For instance, Japanese investment giant Metaplanet has similar plans to accumulate 10,000 BTC by this year and has already reached its target this month. The Tokyo-listed firm aims to amass 210,000 BTC by 2027, targeting 1% of Bitcoin’s total supply.

Early this month, Semler Scientific publicly announced it has increased its Bitcoin holdings, acquiring 185 Bitcoin between May 23 and June 3 for $20 million.

SMLR Stock Surges Nearly 12%

Following the ambitious BTC accumulation announcement on Thursday, stocks of Semler Scientific (SMLR) surged 11.95%, to $31.94 during after hours.

“We continue to accretively grow our bitcoin arsenal using operating cash flow and proceeds from debt and equity financings,” said Eric Semler in May, disclosing the company’s first quarter financial results.

Meanwhile, Bitcoin is currently trading at $104,507 at press time, registering a 24-hour loss of 0.77%, per CoinMarketCap.