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Solana-based memecoin Bonk (BONK) is experiencing a price surge amid a larger market-wide resurgence. According to CoinGecko data, BONK’s price has rallied 3.3% in the last 24 hours, 4.9% in the last week, 17.1% in the 14-day charts, and 5.3% over the previous month. BONK is currently outperforming Bitcoin (BTC), Ethereum (ETH), XRP, and other top 10 projects by market cap in the daily charts. Let’s discuss what’s pushing the memecoin’s price. Source: CoinGecko Why Is Bonk Rallying Today? Source: Watcher Guru BONK’s rally comes amid a new partnership announcement with a Nasdaq-listed company. According to a PR release, Sharps Technology (STSS) has partnered with BONK to leverage the project’s liquid staking infrastructure. Sharps Technology also has a Solana digital asset treasury. BONK is a top project of the Solana ecosystem and has garnered the attention of STSS’s treasury strategy. According to James Zhang, Strategic Advisor to STSS, “...

Crypto exchange Gemini, founded by billionaires Cameron and Tyler Winklevoss, has secured Nasdaq as both a listing partner and an investor ahead of the company’s proposed initial public offering (IPO). Gemini aims to debut on the Nasdaq this Friday under the ticker “GEMI,” a timeline that is still dependent on market conditions, according to a Reuters report that cited sources familiar with the matter. Nasdaq will buy $50 million worth of the crypto exchange’s shares in a private placement at the time of the IPO, which aims to raise more than $300 million. That’s after Gemini said last week that it plans to selling 16,666,667 shares of its Class A common stock at between $17 and $19 per share. The exchange will also grant underwriters a 30-day option to buy an additional 2,396,348 shares.  The exchange’s arrangement with Nasdaq will extend to giving Nasdaq’s clients access to Gemini’s custody and staking services.  Meanwhil...

Although many crypto investors flee to bitcoin (BTC) as a safe haven, it hasn’t performed particularly well during times of war. Consider its underperformance against other tech investments during the onset of a conflict. Despite US President Donald Trump’s 53 assurances that the Russia-Ukraine war would end “on day one,” that conflict continues. Worse, a new war just started in Iran , giving us a recent example against which to analyze BTC as an ostensible safe haven asset. BTC often correlates with the NASDAQ-100 index, the largest proxy for the tech industry. However, many military headlines have driven BTC to decouple from the NASDAQ to the downside. On Monday, for example, Trump surprised the world with a sudden post to TruthSocial asking everyone in Tehran to evacuate immediately. That plea, made at 6:30pm New York time to a metro area of over 15 million people, immediately tanked NASDAQ-100 constituents in after-hours trading. The NASDAQ 100-tracking Q...

AI coins, including NEAR, NCP, RENDER, and FIL, saw significant drops of 8-10% today as China’s AI startup DeepSeek challenged US dominance in the sector.  China’s AI startup DeepSeek disrupted the market by creating AI models that cost much less than those of Silicon Valley giants. AI coins decreased sharply during the early hours of Monday’s Asia market. This shift came alongside a sharp decline in Nasdaq 100 futures, which fell 330 points during Sunday’s overnight trading, triggering further panic in the market. AI Coins Crash: Is There A Reason For Panic? The AI coins market has dropped over 7.66% during the last 24 hours, with the total market cap falling below $44 billion, according to CoinMarketCap.  The sharp drop is primarily due to the sudden rise in popularity of China’s DeepSeek AI startup, which has shaken the market with its low-cost infrastructure. Built using chips that are a fraction of the cost compared to those used by US AI...

Ant Group is reportedly cutting off its blockchain and database management businesses from its main entity to prepare for an upcoming public offering. Ant Group, a company backed by billionaire Jack Ma, is reportedly planning to restructure and cut ties to some operations that are not core parts of its Chinese financial business. The move prepares the company for a potential initial public offering (IPO) in Hong Kong.  Citing anonymous sources, mainstream media outlet Bloomberg reported that the firm relayed to its shareholders that the company is looking to leave its blockchain , database management out of a main entity, which will then be applying for a financial holding license in China. After completing its restructuring plans and securing the license, the company can prepare to go public in Hong Kong instead of its former approach of pursuing a dual Shanghai-Hong Kong listing. In 2020, Ant Group targeted a $226 billion valuation by attempting a $30 billion IPO in Hong Kong and ...