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Forward Industries, known for making protective casing for medical devices, has announced a massive $1.65B private placement to go big on Solana ($SOL).

Backed by big names like Galaxy Digital and Multicoin Capital, the move shows tremendous institutional confidence in Solana’s future.

Forward Industries’ stocks shot up by 6% right after the announcement and have continued to rise steadily overall, indicating the market took it well.

With Solana looking good, now is the perfect time to look at Snorter Token ($SNORT), the Swiss-army knife you need for trading everything Solana-based.

Why the Enthusiasm? Understanding Solana’s Momentum

Why are the big players piling into Solana right now? The technical indicators could hold the answer. Solana’s price chart is showing what traders call a bull pennant pattern.

Think of it as a pause in the middle of a major run-up. The price surged over 70% from June to August, and now it’s catching its breath before a potential big move. If the pattern plays out, some analysts predict the price could hit $300 in the near term, with some even eyeing $1K down the road.

Beyond the charts, the network itself is thriving. Solana’s Total Value Locked (TVL) has skyrocketed to $12.987B, a massive 109% jump since April, driven by increased activity on popular dApps like Raydium and Jupiter.

The combo of strong technical signals and real-world growth is what makes Solana such an attractive bet for big investors and companies alike. Projects like Snorter Token ($SNORT), which amplify real-world growth by making Solana-based trading easier, can only strengthen the network.

Snorter Token ($SNORT): A New Class of Utility-First Meme Coin

Lots of tokens pop up based on a funny joke or meme, but Snorter Token ($SNORT) is a different beast. It combines meme coin vibes with advanced tools for traders.

$SNORT is the official token for the Snorter Bot, a trading bot in its beta phase built directly on Telegram. It’s not a promise of future utility; this is a token with a working product.

Holding $SNORT allows you to access various premium features that help you navigate volatile meme coin markets. These include lightning-fast sniping, copy-trading to learn from the best, and rug-pull detection to keep you safe from malicious projects.

In addition to the trading tools, you also benefit from reduced trading fees, paying 0.85% compared to 1.5% for non-holders. The incentive directly rewards platform engagement, creating sustainable demand for the token.

The Vision: Building a Community on a Foundation of Value

Snorter Token ($SNORT) has raised over $3.8M in its presale so far, which shows investors are paying attention. It’s also been professionally audited by firms like SolidProof and Coinsult, which builds trust and credibility.

$SNORT isn’t just a hype-driven meme coin; it’s the key to a set of tools designed to give retail traders the edge over bots and whales.

This is also just the beginning. The project’s roadmap points to continuous expansion and value creation. After launching on Solana and Ethereum, the team plans to expand to other major blockchains like BNB Chain and Polygon.

Time to get your nose to the ground and sniff up some $SNORT? Join the presale now.

Remember, this is not intended as financial advice, and you should always do your own research before making any financial investments.

Authored by Ben Wallis, Bitcoinist — https://bitcoinist.com/solana-rally-after-$1.68B-treasury-purchase-snorter-soars/

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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September 9, 2025

Shares of Eightco Holdings (Nasdaq: OCTO) surged over 3,000% on Monday, following the company’s announcement of a bold move to adopt Worldcoin (WLD) as its primary treasury reserve asset.

The little-known e-commerce inventory platform revealed plans to raise $250 million through a private placement of 171.23 million common shares at $1.46 each, aiming to build a substantial position in the Sam Altman-backed crypto project.

The offering is expected to close on Thursday, with strategic participants including the World Foundation, Kraken, and FalconX.

Eightco Shares Explode 3,000% in a Day, Then Dip After Hours

Eightco shares skyrocketed from $1.45 on Friday to $45.08 at Monday’s close, a gain of 3,009%, after briefly hitting an intraday high above $80.

After-hours trading saw the stock cool slightly, dropping nearly 6% to $42.40.

The company said it may also accumulate Ethereum (ETH) as a secondary asset, but its primary focus will be on Worldcoin, the controversial iris-scan-based cryptocurrency project run by World Network, formerly known as Tools for Humanity.

Eightco also announced plans to rebrand its ticker to “ORBS” to reflect its alignment with Worldcoin’s eye-scanning Orb devices, which are used to issue World IDs as proof of personhood in an increasingly AI-driven internet.

Worldcoin, co-founded by OpenAI CEO Sam Altman, aims to verify human identity online using biometric data. In return, users receive WLD tokens and access to a growing ecosystem of services.

While the project has gained traction, it’s also faced heavy scrutiny from regulators and privacy watchdogs, resulting in restrictions and bans in multiple countries.

“If we succeed on our mission, World might become the largest network of real people online,” Altman said in a statement.

Eightco’s move places it in the growing club of public companies diversifying into crypto treasuries, following the playbook popularized by firms like MicroStrategy and BitMine Immersion Technologies, the latter of which invested $20 million into Eightco as part of its broader crypto strategy.

Dan Ives Named Chairman of Eightco Amid Worldcoin Pivot

As part of the announcement, Dan Ives, Wedbush Securities’ head of tech research, was named chairman of Eightco’s board.

Known for his bullish views on AI and disruptive technologies, Ives called the move “the next step in the AI revolution around authentication and Proof of Human.”

Meanwhile, Worldcoin has surged 49.2% in the past 24 hours, trading at $1.54, with a seven-day gain of over 80%. Despite the rally, the token remains down nearly 87% from its all-time high of $11.74 in March 2024.

As reported, Worldcoin’s digital identity system, World ID, has surpassed 100 million uses across third-party apps, marking a major milestone for Sam Altman’s identity-focused crypto initiative.

However, mounting regulatory pressure and uncertainty continue to weigh on the project, prompting a rebrand to World Network and the rollout of new identity tools like NFC passport verification, aimed at privacy-friendly onboarding.

France, Portugal, Spain, Hong Kong, and South Korea have all launched investigations into the project’s data practices.

Ethereum exchange-traded funds (ETFs) are recording a remarkable surge in investor interest, consistently outperforming their Bitcoin counterparts throughout the past week.

SoSo Value data shows that spot ETH ETFs attracted $231.23 million in new capital on July 24, edging past the $226.61 million net inflows recorded by spot Bitcoin ETFs.

When the timeline is extended to the past six trading days, spot ETH ETFs have received nearly $2.4 billion in net inflows, almost triple the $827.6 million logged by Bitcoin ETFs in the same period.

This trend reflects a broader shift in institutional investor sentiment, with attention moving increasingly toward Ethereum-based products.

Speaking on the milestone, crypto analyst Bec said:

“This is the first time in ETF history that Ethereum has consistently outperformed Bitcoin in daily inflows across multiple trading sessions. It’s clear ETH is officially regarded as a institutional grade asset.”

Ethereum ETFs momentum

The inflow momentum has propelled Ethereum ETF holdings to new record heights.

In July 2025 alone, ETH ETFs have absorbed more than $4.4 billion in inflows, exceeding the total inflows from the entire previous 12-month period, which stood at $4.2 billion.

As a result, the total amount of ETH held by ETFs has jumped by nearly 50% in just two months, rising from 3.5 million ETH on May 1 to 5.6 million ETH as of July 24, according to data from the Strategic ETH Reserve. Their holdings now represent roughly 5% of ETH’s market capitalization.

BlackRock’s iShares Ethereum Trust (ETHA) has played a critical role in this run. Since July 1, ETHA has added over 1 million ETH to its portfolio, growing its holdings to 2.8 million ETH, valued at approximately $10.22 billion.

This rapid accumulation helped ETHA become the third-fastest ETF in history to hit $10 billion in assets under management.

Bloomberg Senior ETF Analyst Eric Balchunas highlighted the speed of ETHA’s growth, noting it went from $5 billion to $10 billion in just 10 days, which is “the ETF equivalent of a God candle.”

Despite the funds’ strong performance, Bitwise CIO Matt Hougan believes Ethereum is still underrepresented in ETF portfolios.

According to Hougan, investors would need to allocate an additional $7–8 billion to bring ETH exposure in line with market weight, assuming Bitcoin ETF flows remain flat.

Mentioned in this article

NFT-related tokens delivered the strongest sector performance in the second quarter, gaining an average of 55.4% even as dollar-denominated NFT trading volume fell to multi-year lows.

Artemis data shows that the average gains from NFT-related tokens surpassed the second-best performance, which was Ethereum’s (ETH) 37.2%, by nearly 50%.

Pudgy Penguins’ PENGU token accounted for much of the sector’s advance. Trading data showed PENGU closed at $0.01476 on June 30, up from its intraday low of $0.00387 on April 8. The move represents a gain of roughly 3.8 times in just 83 days.

Daily turnover on Binance routinely exceeds $180 million in USDT terms, indicating sustained speculative appetite. The surge helped the NFT-applications basket outpace artificial intelligence tokens (35.6%) and Bitcoin (31.4%) during the period, according to Artemis.

As Bitcoin registered a new all-time high above $118,000 on July 11, PENGU is priced at $0.229 with a 20% price increase.

Volumes shrink while transaction counts climb

DappRadar’s “State of the Dapp Industry” report shows second-quarter NFT trading volume slipped to $823 million from $1.5 billion in the first quarter, a 45% drop. The slump is more significant if compared to the $4 billion in volume a year earlier, a 79% decline.

The drop came despite a jump in sales count to 12.5 million from 7 million the prior quarter, suggesting smaller ticket sizes dominated activity. 

DappRadar attributes the divergence to a market shift toward low-cost collectibles and gamified minting, which inflates transaction numbers without lifting notional value.

Market participants attributed the disconnect between token prices and marketplace turnover to speculation shifting from non-fungible assets to their related governance or meme tokens.

Artemis analysts noted that traders seeking leveraged exposure to NFT culture gravitated toward liquid exchange-listed tokens rather than illiquid JPEGs, a pattern that intensified once ETH funding rates turned negative in mid-May.

Broader sector data reinforce the split. The Bitcoin ecosystem increased by 6.2% and smart contract platforms rose by 16.2% during the quarter, but real-world asset tokens declined by 50.6% and data availability projects fell by 47.4%, according to Artemis. 

Second-quarter performance has left PENGU with a market capitalization exceeding $1.4 billion and a top 82 position on major price dashboards.

The token’s outsized rally, paired with shrinking marketplace volume, illustrates the growing detachment between fungible representations of NFT brands and the underlying non-fungible assets they reference.

Mentioned in this article

The number of crypto wallets holding at least 1 million XRP tokens has reached an all-time high, coinciding with a 26% surge in XRP’s price over the past week.

“Not only are there more XRP whales than ever, but the total supply they hold is also increasing,” onchain analytics platform Santiment said in a report on Friday, noting that the number of wallets holding over 1 million XRP (XRP) tokens has surged to a new all-time high of 2,743.

47.32 billion XRP tokens are now held by whales

“XRP is also showing signs of strength,” Santiment said. “This dual trend is a very positive sign for the fourth-largest crypto asset,” they added.

Santiment data shows that 47.32 billion XRP tokens are held by crypto wallets holding at least 1 million tokens.

XRP has surged 26% over the past seven days, trading at $2.80 at the time of publication, according to CoinMarketCap data.

Over the past 24 hours alone, it has spiked 10%. Meanwhile, CoinGlass data shows the surge wiped $31.44 million in XRP short positions.

Just last month, on June 18, traders were divided on XRP’s next direction as the cryptocurrency had been consolidating for nearly 200 days within a range of $1.90 to $2.90.

Altcoin season has started, says Santiment

However, XRP’s recent rally is part of a broader market breakout that saw Bitcoin (BTC) reach consecutive all-time highs of $112,000 on Wednesday and $116,500 on Thursday. 

Related: Ripple shareholder Linqto files for Chapter 11 bankruptcy

Ether (ETH) also surged, up 17.51% across the week, trading at $2,958 at the time of publication.

Santiment said that the metrics show altcoin season has begun. “The data confirms that, for now, it has,” Santiment said.

“As long as Bitcoin can maintain its position above the crucial psychological support level of around $110k, traders will likely feel comfortable redistributing profits into altcoins,” they added.

Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users

]]> https://earlybirdsinvest.com/xrps-very-positive-sign-whales-soar-to-new-highs-as-price-jumps-10/feed/ 0 47151 https://earlybirdsinvest.com/why-quantumscape-stock-continued-to-soar-this-week/ https://earlybirdsinvest.com/why-quantumscape-stock-continued-to-soar-this-week/#respond Fri, 11 Jul 2025 17:18:02 +0000 https://earlybirdsinvest.com/why-quantumscape-stock-continued-to-soar-this-week/

QuantumScape (QS 6.82%) is working to bring major enhancements to the performance of electric vehicle (EV) batteries. Investors hope its solid-state battery technology will become the new standard for EVs globally. As it continues to progress toward commercializing that tech, the stock price is reflecting the company’s recent accomplishments.

QuantumScape shares have soared again this week — up by 37.1% on the week as of noon ET Friday, according to data provided by S&P Global Market Intelligence. Over the last month, the stock has more than doubled.

Image source: QuantumScape.

QuantumScape is almost ready for EV battery cell production

QuantumScape gave investors a nice surprise recently — news that one of its most important 2025 goals has already been accomplished.

The company’s technology includes solid-state batteries with ceramic separators that should lead to safer, faster-charging, and more efficient batteries for EVs. Two weeks ago, QuantumScape announced the successful scale-up of its production capabilities. Its new generation Cobra process will speed up a key ceramic separator production step by approximately 25 times, using equipment that occupies a much smaller footprint than its previous Raptor production process.

That puts QuantumScape on track to launch field testing next year with its automaker customers. Those include global giant Volkswagen, which holds a 17% stake in the battery maker, according to its annual report.

QuantumScape’s solid-state batteries could provide EVs with significantly better travel range on a single charge than currently used batteries, which would help eliminate the range anxiety that has kept many potential EV buyers from considering them. More than 20% of all cars sold globally in 2024 were EVs, according to the International Energy Agency. While that amounted to sales of more than 17 million EVs, it also shows there is still massive growth potential in the market for such vehicles.

An investor update is coming in two weeks

That’s why investors have been getting so excited and piling into QuantumScape stock recently. The company will report its second-quarter results on July 23, at which time investors will get a more detailed overview of its progress and hear more about its next steps.

Some aren’t waiting for that update to own a piece of this promising EV technology company.

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

Crypto theft has hit a record in the first half of 2025. Over $2.1 billion vanished in at least 75 hacks and exploits. That total tops the previous H1 high set in 2022 by about 10% and almost matches every dollar stolen in all of 2024.

Major Theft Figures Revealed

According to a TRM Labs report, hackers walked off with roughly $2.1 billion between January and June. They struck 75 separate times. That breaches the H1 2022 mark by about 10% and nearly equals the full‑year haul from 2024. Losses hit over $100 million in January, April, May and June. Those months show this threat isn’t limited to a one‑off event.

Bybit Breach Overshadows All

The largest single loss was the $1.5 billion February breach at Dubai‑based Bybit exchange. That attack alone accounted for nearly 70% of losses this year. It set the average size of hacks to nearly $30 million, twice the $15 million H1 2024 average. Even excluding Bybit, heists in excess of $100 million continue to occur.

Crypto thieves have ramped up their illicit activity in 2025. Source: TRM Labs.

State Actors Driving Theft

According to analyses, North Korea‑linked groups are behind about $1.6 billion of all stolen funds so far. That’s roughly 70% of the total. Experts say these thefts feed into the country’s sanction‑evasion schemes and weapons programs.

At the same time, June 18 saw a roughly $90 million hack of Iran’s largest exchange, Nobitex. Security firms link that attack to Predatory Sparrow, a group said to work for Israel. They moved money into addresses with no private keys, hinting at a symbolic motive.

Attack Methods And Security Steps

Reports show infrastructure hacks—like private‑key thefts, insider jobs and front‑end hits—accounted for over 80% of stolen funds in H1. Those breaches tend to be about 10 times larger than attacks on smart contracts.

Protocol exploits, such as flash‑loan and re‑entrancy bugs, made up another 12%. Smart contracts still carry risk, but they get patched faster than hidden back‑door or insider schemes.

Industry experts say the rise in state‑backed thefts calls for stronger measures. Cold storage should be the norm. Multi‑factor authentication must cover all critical accounts. Frequent audits are a must. Beyond those basics, teams need insider‑threat programs and social‑engineering training.

Global law enforcement, financial intelligence units and blockchain‑forensics firms like TRM Labs need to work closer than ever. Sharing alerts fast and tracing funds across borders can clamp down on these giant thefts. It’s a tall order, but as crypto grows more tied to national security, so does the need for a united defense.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.