Nasdaq-listed Heritage Distilling Holding Company has unveiled a $360 million digital asset treasury strategy centered on the Story (IP) token, according to an Aug. 11 statement provided to CryptoSlate.

The company said it secured $220 million through a private placement, comprising $100 million in cash and $120 million in Story tokens.

Of the total proceeds, $82 million will be used to purchase additional IP tokens from the Story Foundation. Meanwhile, the Foundation plans to deploy the entire cash portion to repurchase IP tokens on the open market within 90 days of the transaction.

The move marks the first time a Nasdaq-listed company has adopted the IP token as its primary reserve asset, reflecting a broader shift among traditional firms integrating alternative assets into their treasuries. Key backers in the funding round include a16z Crypto, Amber Group, and Arrington Capital.

However, the announcement coincided with sharp market declines in Heritage’s stock and IP’s value.

Google Finance data shows Heritage’s CASK shares plunged nearly 30% to around $0.49 at press time. At the same time, CryptoSlate’s data also recorded a 3.65% decline in the IP token’s value to approximately $6.35.

Understanding Story’s Nasdaq move

Story CEO SY Lee said the decision to list on Nasdaq was driven by a desire to extend the project’s narrative beyond the crypto community.

According to him:

“We’re not doing this just because everyone else is. Our reason is clear: our story needs to be told beyond crypto. There’s no better way to do that than by building a presence in the world’s largest capital market, the US stock market.”

Lee described Story as a blockchain network operating at the intersection of crypto, artificial intelligence, and intellectual property. Rather than competing on yield or transaction speed, the company focuses on unlocking what it views as an $80 trillion asset class spanning AI datasets, entertainment franchises, and biomedical patents.

Story aims to enable attribution, traceability, and fair compensation for creators by making IP programmable. Lee emphasized that the next competitive battleground in AI will be data ownership and monetization, not just computational power.

Lee pointed out that the network has already secured significant adoption as its Layer 1 blockchain already has hundreds of thousands of IPs, including works from artists like Justin Bieber, Blackpink, and BTS, as well as global brands such as Crocs and Adidas.

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LTCBTC Spike Fizzles After Bitcoin Dominance Rebounds

According to CRYPTOWZRD, Litecoin and its BTC pair (LTCBTC) both ended the day with bearish daily candle closes, signaling potential short-term weakness. Despite showing some upward momentum earlier in the day, the broader market conditions shifted, impacting Litecoin’s price action significantly.

LTCBTC experienced a brief spike, primarily triggered by a drop in Bitcoin dominance. This short-lived move created a temporary window for bullish momentum in Litecoin. However, the gains were not sustained, and much of the spike was quickly retraced as Bitcoin dominance began to rebound.

As Bitcoin regained strength, Litecoin’s price action closely mirrored the movements of BTC and LTCBTC. This correlation led Litecoin to test the $112 resistance level once more, but the rejection at that zone caused it to lose ground and slide back toward the $96 support region.

CRYPTOWZRD noted that any significant upside for Litecoin will likely depend on LTCBTC turning bullish again, a move that typically coincides with a drop in Bitcoin dominance. Until that shift occurs, the path higher remains uncertain, and traders may need to remain cautious of potential downside pressure. For now, the expert’s focus is shifting to lower timeframes, where he aims to identify short-term formations for scalping opportunities. 

Volatility Expected To Increase Near Key Levels For Litecoin

CRYPTOWZRD concluded his analysis by noting that the intraday chart for Litecoin showed a clear bearish structure throughout the day. Price action lacked strength, and any upward movement was quickly met with resistance. This points to ongoing uncertainty in the short term, with sellers still maintaining some control.

Looking ahead, he emphasized that a clean reversal and reclaim of the $102 resistance zone could shift momentum. If Litecoin manages to hold above that level, it may open the door for a push toward the $112 resistance area. 

As his final verdict, CRYPTOWZRD warned that if Bitcoin doesn’t provide a strong directional move soon, Litecoin could continue to trade sideways with choppy volatility over the weekend. In the meantime, patience is key — traders should wait for a more mature, high-probability setup before entering new positions.

HYPE is showing renewed strength as it pushes into higher levels, riding the wave of a broader market breakout. With Bitcoin surging above $104,000 and Ethereum reclaiming the $2,500 mark, the crypto landscape is rapidly shifting back into a bullish phase. Altcoins are waking up across the board, and HYPE is quickly emerging as one of the standouts.

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After a brief pullback, HYPE has bounced strongly off the $17.5 level—an important throwback zone that is now acting as support. The asset is regaining momentum and approaching local highs, signaling strong buyer interest and potential for further continuation. Crypto analyst Cheds shared a technical breakdown confirming this setup, noting that HYPE is displaying clean strength off its recent retrace and could be gearing up for a significant breakout if market conditions hold.

As sentiment turns bullish and liquidity rotates into high-potential altcoins, HYPE is well-positioned to benefit from the renewed energy in the market. With price structure improving and key levels being reclaimed, the coming days may be critical in defining whether this move evolves into a sustained uptrend. Traders are now watching closely for follow-through as HYPE approaches its next resistance zone.

HYPE Bulls Target January Highs

HYPE is facing a decisive moment as price action pushes into a key supply zone near the January highs around $28. After bouncing strongly from the $17.5 throwback level, the asset has regained bullish momentum and now approaches one of the most important technical levels on its chart. This zone served as a rejection point earlier in the year, and bulls must now prove they have the strength to flip it into support.

Cheds shared insights confirming the shift in momentum, noting that HYPE is showing clear strength off the $17.5 level—an area that has now acted as a successful retest following the asset’s initial breakout. The strong rebound suggests that market participants are accumulating, and momentum is beginning to build as the broader crypto market turns bullish.

Across the board, sentiment is improving. HYPE is now participating in that resurgence, but faces its biggest test yet. If bulls can reclaim the $28 level with conviction, the path toward new all-time highs opens up. However, if this level holds prices again, another period of consolidation may follow.

The weekend rally has pushed markets into critical zones, and HYPE’s ability to sustain upward pressure through this resistance will be closely watched. A breakout above $28 would not only mark a technical victory but also likely accelerate interest and volume across the board. For now, bulls remain in control, but the next move will determine whether HYPE enters true price discovery or pauses just below the highs once more.

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HYPE Approaches Resistance With Momentum As Bulls Eye Breakout

The 4-hour chart for HYPE shows strong bullish momentum, with price currently trading at $25.29 after tapping a local high near $25.57. The rally has been steady and clean, bouncing consistently off the 200 EMA and SMA, now well below the current price, confirming a clear uptrend structure.

HYPE is now pressing into a key resistance zone between $26 and $28, a level that previously acted as supply back in January. This area represents a major test for bulls, as it aligns with the upper boundary of a multi-month range. Volume is healthy, and the trend remains intact with higher highs and higher lows across multiple timeframes.

If HYPE can break and hold above $28, it opens the door for a challenge of the all-time highs. For now, the price may consolidate slightly below resistance as sellers defend this zone, but the overall structure favors a breakout continuation.

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A throwback to the $23–$24 region could act as a healthy retest, but holding above $22 is key to preserving bullish momentum. As long as the trend and volume remain intact, HYPE appears poised for further upside in the coming days.

Featured image from Dall-E, chart from TradingView

Cryptocurrency trader Ali Martinez says a payments-focused altcoin must stay above a key price level to avoid a steep corrective move.

Martinez tells his 133,500 followers on the social media platform X that if XRP (XRP) falls below $2, it risks witnessing a deeper drawdown due to a lack of consolidation below the price level.

“XRP testing the waters! Below $2, a gap with no significant support could pull it to $1.60.”

Based on a chart citing on-chain data from blockchain analytics platform Glassnode, it appears that there’s an “air gap” between $2 and $1.60, indicating a weak foundation for XRP around that price zone.

XRP is trading at $2.56 at time of writing.

Next up is the layer-1 protocol Solana (SOL). According to Martinez, SOL is facing a “big test” at a resistance level a few percentage points above the current price.

“$135 stands as the most important resistance.”

The widely followed analyst further says that investors in the sixth-largest crypto asset by market cap are capitulating based on the altcoin’s net unrealized profit/loss metric (NUPL), an on-chain indicator that measures whether accumulators of a coin are in a state of profit or loss.

Based on the trader’s chart, SOL’s NUPL is hovering below the zero line, indicating that investors are witnessing losses and in the midst of capitulation.

Solana is trading at $132 at time of writing, down by around 55% from the all-time high price of $293 reached January 20th.

Looking at the top memecoin Dogecoin (DOGE), Martinez says that the altcoin has recorded significant demand in a week.

“Whale alert! Over 110 million Dogecoin bought up in a week. Big players are betting on a breakout.”

Dogecoin is trading at $0.173 at time of writing.

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With the general crypto market experiencing a bearish performance, Bitcoin‘s market dynamics and sentiment are shifting towards the negative side, hindering price movements. Following the waning market performances, investors are becoming skeptical about BTC’s prospects as the asset faces a decrease in fresh investors.

A Significant Drop In New Bitcoin Addresses

As the crypto market struggles with volatility, seasoned technical expert and investor Ali Martinez has identified a worrying shift among Bitcoin investors. In the past few weeks, BTC’s prices have been trending in a bearish manner, causing investors to adopt a cautious approach.

Specifically, the number of new BTC addresses has witnessed a sharp decline, hindering its network growth. This slowdown in adoption raises concerns about BTC’s capability to attract fresh capital and maintain broader adoption in the short term.

According to Ali Martinez, the monthly average of new Bitcoin addresses has fallen below the annual average, indicating a drop in its on-chain activity. He further highlighted that this trend is frequently linked to a reduction in network utilization and weakened network fundamentals.

Other factors that could be contributing to the drop are fluctuating market conditions and investors’ waning confidence in BTC’s future performance as seen among short-term holders. Short-term BTC holders appear to have sold some of their holdings due to waning price movements.

On-chain and technical analyst Darkfost reported that short-term holders realized significant losses in a single day. The expert unveiled the development after investigating the Bitcoin Short-Term Holder P&L to Exchanges in the 1-day time frame.

With these holders seeing substantial losses, this implies that many coins bought in the past few months are being sold at a loss. These short-term investors continue to feel the pressure of Bitcoin’s bearish trend, leading to panic selling.

Darkfost stated that these investors may have panic-sold some of their coins in response to the recent news about the Bybit hack during the weekend, which sent shockwaves in the entire crypto sector. However, he claims that capitulation events in the short term have usually signaled a local bottom.

Accumulation By Small BTC Addresses Declining

Recent volatile periods have also triggered a negative trend among wallet addresses holding less than 1 BTC, often regarded as small investors or shrimp addresses. Axel Adler Jr., a macro researcher revealed a notable decrease in accumulation among these small investors.

This decrease reflects a noticeable shift in retail investor sentiment and behavior as they are cautious about Bitcoin. Typically, retail investors accumulate coins during bull markets, but this is not the case right now.

In essence, this signals fading interest and confidence among these investors. Also, It implies that big or long-term BTC investors are driving the recent moves in the market.

Featured image from Unsplash, chart from Tradingview.com