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The judge suggested that a brief stay while awaiting a ruling in a similar case in the appellate court could “reduce the burden of litigation.”
Robust onchain activity, a resilient futures market and improving investor optimism boost the chance for ETH to hit $5,000.
The proposed bill included a list of targetable offenses, including the theft of cryptocurrencies, ransomware attacks, and pig butchering scams.
The memecoin launchpad race is heating up. On Aug 20, @pumpdotfun hit $1.35M in daily revenue. It remains the king of Solana’s launchpads. But the competition isn’t sleeping. A new rival, @heavendex, is coming fast—powered by its deflationary token $LIGHT. In just 7 days, HeavenDex revenue shot from $145K to $988K. That’s a 6.8x surge. Yesterday alone, Heaven clocked $40M in volume, surpassing LetsBonk, Moonshot, and Bags. This pushed HeavenDex to 2 by volume across Solana launchpads. And the momentum doesn’t stop there. Over the last 7 days, @heavendex raked in $2.9M in fees, making it the 5 protocol on Solana overall. The token behind it all? $LIGHT. It ripped 300%+ before cooling off with a ~50% correction. But traders are calling it a “dark horse” play—small base, big upside. HeavenDex Real Growth HeavenDex’s growth isn’t just hype. It’s textbook launchpad economics. Revenue soars → more token burns. Burns shrink supply → price speculation spikes. Speculation → more users pile in. That loop—known as the flywheel effect—is spinning faster every day. Social chatter is exploding. Telegram groups, X threads, Discord servers—all buzzing about $LIGHT. Traders love the aggressive burn mechanics. Supply keeps dropping while usage climbs. It’s fueling real speculation that Heaven could dethrone Pump.fun if adoption sticks. $LIGHT Technicals and Risks Technical indicators suggest $LIGHT might still be undervalued compared to bigger rivals. Its liquidity depth lags behind leaders like Pump.fun, but that’s normal for a fast riser. The risk? Liquidity crunches. Rapid growth attracts speculators, but without sustained adoption, the token can choke on its own momentum. Low liquidity plus high volatility is a double-edged sword—it creates upside hype but can trigger brutal pullbacks. For now, though, the Heaven narrative is winning eyeballs. Pump.fun Still Rules… For Now While Heaven climbs, @pumpdotfun remains the launchpad king. $1.35M revenue on Aug 20 Majority of daily launches Massive user base But cracks are forming. Narrative fatigue is creeping in. The same style of memecoins launches day after day. Traders want fresh stories, fresh mechanics, fresh upside. And now copycats are rising. HeavenDex proves you can copy Pump.fun’s playbook—but add deflationary tokenomics and aggressive burns to create a whole new flywheel. That’s why the market smells a possible shift. Social Sentiment Heats Up Crypto Twitter is watching closely. CryptoRank charts show the revenue race tightening. Heaven is the #2 Solana launchpad by volume With $40M in volume yesterday, it surpassed LetsBonk, Moonshot, and Bags. Over the last 7d, @heavendex generated $2.9M in fees, ranking as the #5 protocol on @solana . Heaven's $LIGHT surged 300%+ but is now facing a ~50% correction. pic.twitter.com/1H7mb2TeJT — CryptoRank.io (@CryptoRank_io) August 22, 2025 CoinMarketCap coverage highlights $LIGHT’s surge and correction. @pumpdotfun is on top, reaching $1.35M in revenue on Aug 20. Yet competitors are approaching closer and closer. A new launchpad @heavendex grew its revenue from $145K to $988K in 7d through the $LIGHT flywheel. Memecoin launchpad war never stops pic.twitter.com/MupJ002xXv — CoinMarketCap (@CoinMarketCap) August 21, 2025 Heaven fans call it the 2 Solana launchpad already. Bears argue the 50% retrace shows the hype is fading. Bulls see the dip as entry before the next leg up. Either way, the project is dominating the conversation. If Heaven keeps scaling revenue and fees, the market could flip the “dark horse” label to “leader-in-waiting.” Pump.fun has first-mover advantage. But crypto moves fast. One month of runaway growth can rewrite the leaderboard. Heaven’s team is betting on tokenomics + momentum = market share. Traders are betting on volatility = profit. Who wins? The next few weeks decide. One thing’s certain: The memecoin launchpad wars just got real. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
SharpLink Gaming just made a bold Ethereum move. The Minneapolis-based firm, one of the biggest corporate holders of Ethereum (ETH), has announced a $1.5 billion stock buyback program aimed at boosting shareholder value and tightening capital control. The company’s board signed off on the plan earlier today, according to a press release. The idea: give SharpLink flexibility to snap up shares when the market makes it worthwhile. Here’s why this matters. If SharpLink stock trades at or below the net asset value (NAV) of its Ethereum holdings, issuing new shares dilutes ETH exposure per share. A buyback flips that script, fewer shares, same ETH pile, higher value for every holder. “We want the ability to act fast when opportunities come up,” said Co-CEO Joseph Chalom. He stressed that the plan signals SharpLink’s commitment to growth, stability, and smart capital use. The program comes with options. SharpLink can buy shares on the open market, negotiate private deals, or use other legal methods. No fixed amount. No rigid timeline. The company says the final scale depends on market trends, stock price, and trading activity, and it can pause or halt the program anytime. The Big ETH Energy This announcement lands as Ethereum shows fresh strength in the market. On August 21 (ET), Ethereum spot ETFs posted a $288M net inflow after four straight days of outflows. Bitcoin spot ETFs? Another story, they saw $194M in net outflows, the fifth losing day in a row. On August 21 (ET), Ethereum spot ETFs recorded a net inflow of $288 million, turning positive after four consecutive days of outflows. Bitcoin spot ETFs saw a net outflow of $194 million, marking the fifth straight day of outflows. https://t.co/Tvs2oCSxTg pic.twitter.com/OKEidHJtAj — Wu Blockchain (@WuBlockchain) August 22, 2025 ETH’s price currently trades around $4804 with a market cap of $580B, per [CoinMarketCap](https://coinmarketcap.com). Trading volume in the past 24 hours sits near $60B. Arthur Hayes, co-founder of BitMEX, is all-in on ETH. In a recent interview, Hayes said he’s been buying back Ethereum, noting the “chart shows it’s going higher.” His call? ETH at $20K this cycle. Between ETH and SOL, he’s overweight on ETH. ETH https://t.co/42KUazBoyQ — Bitmine BMNR (@BitMNR) August 21, 2025 Hayes also took to X earlier this month predicting Bitcoin at $100K and ETH at $3K as global credit creation slows down. Big SharpLink’s Ethereum Bet SharpLink isn’t just any corporate player. It holds one of the largest Ethereum treasuries among public companies. The stock buyback plan indirectly ties shareholder value to ETH’s price trajectory. If Ethereum rallies, so does SharpLink’s NAV per share. A buyback at the right time amplifies that effect, fewer shares mean each one represents a bigger slice of the company’s ETH stash. Chalom calls it a “stability play” for both the stock and its underlying assets. Investors will be watching two things closely: 1. Ethereum price movement, ETH’s next big breakout could supercharge the NAV argument for buybacks. 2. ETF flows, A continued trend of inflows into Ethereum ETFs while Bitcoin bleeds outflows would mark a significant sentiment shift in crypto markets. SharpLink says it will move “opportunistically,” meaning any dip in its stock or a surge in ETH could trigger buyback waves. A More Broader Ethereum Ecosystem Context Ethereum’s ecosystem has been buzzing lately. Rising staking yields, Layer-2 activity, and ETF flows paint a picture of growing institutional interest. Meanwhile, Bitcoin struggles with consecutive ETF outflows, showing traders may be rotating capital into ETH or risk assets with more upside potential. For SharpLink, the timing couldn’t be better. The buyback plan positions the firm to capitalize on both crypto tailwinds and market dislocations in its stock price. SharpLink’s $1.5B buyback is more than just a capital strategy. It’s a bet on Ethereum, on shareholder value, and on market timing. With Ethereum ETF inflows back in the green and crypto heavyweights like Arthur Hayes calling for massive upside, the move could turn into a masterstroke if markets play along. #Ethereum Treasury Firm SharpLink Launches $1.5B Stock Buyback. SharpLink Gaming, one of the largest corporate holders of Ethereum (ETH), has announced a $1.5 billion stock buyback program. In a press release today, the Minneapolis-based company said its board gave the green… pic.twitter.com/sxO0bq0MQb — TheCryptoBasic (@thecryptobasic) August 22, 2025 For now, SharpLink holds the cards, and the Ethereum. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
The spotlight is back on exchange tokens, and this time, it is Huobi Token ($HT) stealing the show, $MX Looks solid too. According to data from CoinMarketCap, $HT exploded more than +220% in 24 hours, with trading volume surging an incredible 3585% to $2.2 million. After $OKB caught attention yesterday, today belongs to Huobi’s native token, as traders rush in to capture the sudden momentum. The rally started with a major catalyst on July 15 when League of Kingdoms Hunters (Arena-Z) integrated $HT as an in-game rewards token. This move created excitement at the intersection of gaming and DeFi, offering Huobi Token a new use case that directly links exchange liquidity with the growing GameFi market. The announcement quickly spread across trading communities, where crossover narratives often spark sharp price action. Adding to the fuel, interest in China-linked tokens has been building as Asian trading sessions deliver stronger liquidity flows while Bitcoin dominance cools. With capital rotating away from BTC, traders are chasing high-beta assets, and CEX tokens are emerging as the clear beneficiaries. However, the picture is not entirely risk-free. Regulatory uncertainty is never far from this sector, and Gate’s recent delistings on the HT chain remind traders of the potential downsides. The removal of multiple trading pairs signals that exchanges remain under pressure from compliance rules, particularly in Asia, where sudden regulatory changes can hit markets without warning. Volume patterns in $HT’s chart also suggest that a portion of this rally is driven by short-term speculative flows, the kind that can reverse just as quickly as they appear. This creates a volatile environment where the upside can be dramatic, but sharp pullbacks remain a constant risk. $OKB Exchange Token And Others, Is $MX the Next Mover? Even so, the momentum in CEX tokens is undeniable. Yesterday it was $OKB making headlines after supply cuts drove prices higher. Before that, Bitget’s $BGB saw its own surge. Now $HT has taken the spotlight, and traders are asking the obvious question: which token comes next? The current setup is familiar—exchanges cut supply or introduce aggressive token burns, liquidity floods in, and FOMO builds across social platforms. Once one token pumps, the hunt for the next undervalued candidate begins immediately. Exchange tokens heating up $HT (Huobi Token) exploded +203%+ in 24hours, with trading volume surging 3585% to $2.2M. Key reason: – League of Kingdoms Hunters (Arena-Z) added HT as an in-game rewards token (July 15), fueling gaming + DeFi crossover hype. – Growing appetite… pic.twitter.com/qHN5qsWYkJ — Blockchain Bulletin (@thebbcrypto) August 22, 2025 Many eyes are now turning toward MEXC’s $MX token as the potential breakout waiting in the wings. On paper, the case looks strong. @MEXC_Official ranks among the top 10 global exchanges for both spot and perpetual trading volume, yet its native token trades at a market cap of only $300 million, far below its competitors. For comparison, Bitget’s $BGB sits at a $5 billion valuation, $OKB at $2 billion, Gate’s $GT at $2.3 billion, and KuCoin’s $KCS at $1.6 billion. The valuation gap is hard to ignore, especially when traders look for lagging tokens in a hot narrative. $MX token the token of MEXC exchange seems undervalued: @MEXC_Official is top 10 exchange on spot and perp by volume but token is 300m market cap only, bitget $BGB is 5bil, $OKB is 2 bil, gate $GT is 2.3bil, Kucoin $KCS is 1.6 bil. some CEX tokens are pumping due to cut… pic.twitter.com/TtxTH8L1CB — OthmaneAo (@houta97) August 22, 2025 MEXC’s management has also moved to strengthen tokenomics around $MX. A series of token burns was recently completed under the exchange’s new framework, permanently removing tokens from circulation and tightening supply. More importantly, MEXC announced that total $MX supply will be strictly capped at 100 million tokens with no future dilution planned. For traders, this creates the kind of scarcity story that has repeatedly driven exchange tokens higher. Limited supply plus growing exchange volumes often forms the perfect setup for a breakout if market sentiment stays bullish. Still, this market moves fast, and liquidity does not stay in one place for long. The same traders bidding up $HT today could rotate into $MX tomorrow—or abandon the entire sector if broader risk sentiment shifts. Momentum-driven rallies bring opportunity, but they also carry elevated volatility. The sequence often looks the same: supply cut or burn announced, social media amplifies the news, trading volume spikes, price surges, and then early buyers take profits into the strength. Those who enter late risk holding the top when the music stops. For now, $HT remains the clear winner of the week, delivering triple-digit gains in a single day. $OKB showed the same strength yesterday before cooling off, and $MX might be next if traders chase undervalued exchange tokens with strong tokenomics. As long as Asian liquidity stays firm and Bitcoin dominance drifts lower, the CEX token trade remains alive—but with the usual mix of rapid gains, sudden reversals, and constant regulatory overhangs. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !