Shares sink as PIPE deal unlocks discounted stock for private investors KindlyMD Inc. (NASDAQ: NAKA) saw its stock collapse by 55% on Monday, after CEO David Bailey told shareholders that upcoming volatility could unsettle markets and encouraged short-term traders to sell their positions. The company — a healthcare firm turned Bitcoin-holding treasury vehicle — had filed on Friday to register a $200 million private investment in public equity (PIPE) offering, allowing discounted shares sold to private investors to begin trading. “We expect share price volatility may increase for a period of time,” Bailey wrote in a letter to shareholders. “For…
Author: Blockto Team
Deal in principle may close one of the most high-profile disputes in the U.S. crypto industry The U.S. Securities and Exchange Commission (SEC) and Gemini Trust Company have reached a “resolution in principle” to settle a securities case tied to the company’s Gemini Earn lending program, according to a court filing in the Southern District of New York. The case dates back to January 2023, when the SEC alleged that Gemini and its partner Genesis Global Capital engaged in the unregistered offer and sale of securities to U.S. retail investors between February 2021 and November 2022. At the heart of…
Meme Coin Faces Rejection Near $0.00001200 While Support Holds at $0.00000980 PEPE (PEPE/USDT) slipped nearly 6% in the past 24 hours, trading around $0.00001062 after facing heavy resistance near the $0.00001200–$0.00001300 zone. The decline follows a short-lived rally that was capped at a crucial supply region marked on the 4-hour chart. The chart shows that PEPE broke out of a descending channel earlier this summer, staging a recovery from lows near $0.00000780. However, the latest push higher ran into resistance at $0.00001300, where sellers re-entered the market. Currently, PEPE is hovering above its major support zone near $0.00000980–$0.00001000 (highlighted in…
Version 29.1 lowers fees from 1 sat/vB to 0.1 sat/vB, making transactions cheaper while preserving network security The Bitcoin Core 29.1 update, released on September 4, has introduced one of the most impactful fee changes in years. The software now sets the default minimum relay fee at 0.1 satoshis per virtual byte (sat/vB), a sharp reduction from the previous standard of 1 sat/vB. This 90% decrease aims to make transactions more affordable while still maintaining protection against denial-of-service (DoS) attacks. Transaction fees in Bitcoin are determined by the transaction’s size in bytes multiplied by the fee rate in satoshis. Until…
New integration aims to drive mainstream crypto adoption in payments PayPal, a global payments leader with more than 400 million active accounts, has announced a major expansion into cryptocurrency-based peer-to-peer (P2P) payments. The company will now allow users to send and receive Bitcoin (BTC), Ethereum (ETH) and its own stablecoin PayPal USD (PYUSD) through its platform — a move expected to strengthen crypto’s role in real-world financial transactions. PayPal links and global rollout The new feature, PayPal links, will generate personalized one-time links for easy transfers across text, email or chat. Initially launching in the United States, the service will…
Helius Medical Technologies, a Nasdaq-listed company, has announced the creation of a $500 million Solana-focused corporate treasury, making it one of the largest institutional treasury initiatives centered around the blockchain to date. $500M Funding Backed by Global Investors The company revealed on Monday that it priced an oversubscribed private investment in public equity (PIPE) offering at $6.88 per share, with stapled warrants exercisable at $10.12 for three years. The financing package includes $500 million in equity and up to $750 million in warrants, assuming full exercise. Proceeds will be directed toward building a Solana (SOL) treasury reserve over the next…
SOL rallies into supply zone near $240 while traders assess risk of pullback Solana (SOL) has extended its rally to around $235.91, posting a gain of more than 5% in recent sessions. The move pushes the altcoin toward a critical resistance band between $235 and $245, a level that has historically acted as a ceiling for further upside. The daily chart shows a strong recovery from mid-August, where Solana bounced from the $160–$170 support zone. Since then, momentum has accelerated, with price breaking through successive resistance levels near $185 and $200. Trading volume has remained steady, indicating sustained interest from…
Nvidia shares dropped nearly 3% in pre-market trading after China’s market regulator alleged the chipmaker violated anti-monopoly laws, sparking broader weakness across risk assets, including Bitcoin and AI-related tokens. China Targets Nvidia Over Mellanox Deal The State Administration for Market Regulation (SAMR) in China announced that Nvidia breached conditions tied to its 2020 acquisition of Mellanox Technologies, an Israeli networking firm. While officials did not provide full details, the regulator suggested the violations were linked to restrictions imposed as part of the conditional approval process. The development marks a new regulatory challenge for Nvidia (NVDA), the world’s most valuable publicly…
Polkadot has taken a historic step in reshaping its tokenomics model, as its decentralized autonomous organization (DAO) has approved a hard cap on the supply of its native token, DOT. The referendum sets a maximum supply of 2.1 billion tokens, shifting the project away from its previous inflationary framework. From Unlimited Inflation to Fixed Supply Under Polkadot’s earlier model, the network minted around 120 million DOT tokens annually with no limit on the total supply. This meant that by 2040, the circulating supply could have exceeded 3.4 billion tokens, creating continuous inflationary pressure on holders. The newly approved framework introduces…
SHIB retraces after rejection near key resistance zone Shiba Inu (SHIB) fell by 5% in the last session, giving back part of its recent gains as the token faced strong resistance near the 0.00001450–0.00001600 range. The decline comes after a short-term rally that lifted SHIB from its consolidation base, but technical signals now suggest a possible cooling period. The chart indicates that SHIB had been trading inside a descending channel for much of June before breaking out in late July. This breakout was followed by a steady climb, pushing the price into an overhead resistance zone highlighted in red. After…
