Crypto bets send QMMM up 1,700%, Sol Strategies down 42% on Nasdaq
Crypto bets send QMMM up 1,700%, Sol Strategies down 42% on Nasdaq
The split underscores uneven price performance among publicly traded companies betting on digital asset treasuries.
Shares of crypto-linked companies diverged sharply on Tuesday, with Hong Kong’s QMMM Holdings rocketing more than 1,700% after unveiling a blockchain strategy, while Canada’s Sol Strategies tumbled 42% in its Nasdaq debut.
QMMM, a Hong Kong–based investment holding company, said Tuesday it will integrate artificial intelligence with blockchain to build a platform combining crypto analytics and a Web3 autonomous ecosystem. The firm also plans to establish a “diversified cryptocurrency treasury” focused on Bitcoin
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QMMM’s stock performance shot through the roof after the announcement, rising over 2,100% before closing its Nasdaq trading up 1,737%.
Meanwhile, Sol Strategies, a Canadian Solana treasury and staking company, saw its stock move in the opposite direction. Newly listed on the Nasdaq, its shares plunged 42% on Tuesday. Trading on the Canadian Securities Exchange fared slightly better but still dropped by 16%.
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Blockchain set to eliminate complexity in Web3 with 2025 roadmap
The 2025 roadmap of the blockchain highlights a user-friendly wallet, streamlined developer experience and the shift to become a fully P2P network.
Algorand’s roadmap for 2025 translates its core principles into concrete initiatives, including a community-led grant program and a user-friendly cryptocurrency wallet.
Blockchain technology was built on a set of ideals, such as decentralization, community governance and sustainability. However, the industry is not strange to projects that discard these foundational ideals for short-term gains.
Algorand, a layer-1 blockchain, remains strictly committed to these values, and its 2025 roadmap reaffirms this approach.
Community takes the wheel
In line with this commitment, the project is developing Project King Safety. With a position paper slated for release in Q4 2025, this new initiative will revamp fee structures and network incentives to ensure long-term protocol viability.
Algorand is bringing back its grant program with a revised governance structure as well. The program will be wholly governed by a community-elected xGov Council that will review proposals and provide recommendations. The xGov system will launch in Q3 this year. A proposal to enhance general governance by making it fully onchain and open-source is expected by the end of the year.
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“While share prices can fluctuate, our approach centers on what we call our DAT++ model,” Sol Strategies CEO Leah Wald told Cointelegraph. “We remain focused on building long-term value through disciplined execution of our business strategy.”
Sol Strategies’ share price on the Nasdaq. Source: Yahoo Finance
In June, Sol Strategies reported a Q2 net loss of $3.5 million. However, it increased its validator and staking revenue, selling large chunks of its BTC holdings for SOL and Sui
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Crypto companies have mixed one-month results
Publicly traded crypto companies, especially those relying on crypto treasuries, have had mixed results over the past month.
Solana treasury company Upexi’s share price has dropped 2.1% in the past month, while the share price of DeFi Development Corp., another Solana treasury company, has seen a rise of 13.2%.
Metaplanet, a Bitcoin treasury company based in Japan, has seen a drop of 37% in its share price over the past 30 days, despite its continued buying of Bitcoin, and recent shareholder approval to pursue its crypto accumulation strategy.
Crypto Market Update: September 9, 2025
Today's cryptocurrency market shows a mixed but generally stable performance for major assets like Bitcoin (BTC) and Ethereum (ETH). The overall crypto market cap stands at roughly $3.96 trillion.
Bitcoin (BTC): Bitcoin is currently trading around $110,985.50 (as of September 9, 2025 at 21:15 UTC). Its price has fluctuated throughout the day, experiencing both gains and drops, while remaining above the $110,000 level. The 24-hour price range was between a high of $113,226.00 and a low of $110,776.70.
Ethereum (ETH): Ethereum is holding its price near the $4,300 level, specifically around $4,293.46 (as of September 9, 2025 at 20:04 UTC). The 24-hour high was $4,381.23, and the low was $4,277.85.
The Fear and Greed Index has moved to a neutral zone at 48, suggesting a calmer market sentiment compared to the previous week.
Key Market Insights
- Market Drivers: Bitcoin and Ethereum prices are influenced by factors like supply and demand, market sentiment, regulatory developments, market manipulation, technological advancements within the respective blockchains, and overall market speculation.
- Recent Performance: Bitcoin dominance has declined, potentially due to traders rotating into altcoins.
- Ethereum Specifics: Ethereum's price is also shaped by technological upgrades (like sharding and Layer 2 solutions), network usage (including DeFi and Web3 adoption), and competition from other smart contract platforms. Institutional interest and ETF dynamics also play a role.
- Macroeconomic Impact: Broader economic factors like interest rates, inflation, and geopolitical events can affect the entire crypto market, including Bitcoin and Ethereum. Geopolitical tensions have previously triggered selloffs, with Bitcoin and Ethereum behaving as risk assets rather than safe havens.
- Altcoin Activity: The AI sector has seen significant gains today, with tokens like Worldcoin (WLD) and OpenLedger (OPEN) experiencing notable rallies. Other sectors like NFTs, DeFi, and Meme coins also showed strong growth.
Bitcoin Addresses That Only Buy and Never Sell Just Hit Record Levels
With no selling history, accumulator wallets now hold 266K BTC. This proves that Bitcoin’s long-term holders are stronger than ever.
A unique group of Bitcoin investors is quietly making history by boosting BTC’s long-term investment narrative.
Known as accumulator addresses, these wallets have a very distinct trait: they only buy and never sell.
On-Chain Evidence of Faith
To qualify, an address must make at least two incoming transactions of a certain BTC amount while showing zero selling activity. Recent data shared by CryptoQuant reveals that this category of wallets has now reached a record, which holds over 266,000 BTC as of September 5.
Such growth highlights an unmistakable trend: that is, many investors are treating Bitcoin as a long-term store of value rather than a short-term trading vehicle. As corporations add BTC to their treasuries and adoption steadily expands, it appears that these addresses reflect a growing conviction in Bitcoin’s role as a durable financial asset.
While long-term confidence persists, Galaxy Digital has flagged a pressing challenge in Bitcoin’s fee market. The firm warned of a structural weakness, which is the vanishing fee market.
Since the 2024 halving and collapse of Ordinals/Runes demand, blockspace competition has thinned, with nearly 15% of blocks now clearing at negligible cost. While users enjoy cheap transactions, miners face declining incentives, threatening network security as block subsidies shrink.
With activity shifting to ETFs, custodial platforms, and faster L1s like Solana, Galaxy cautions that Bitcoin risks devolving into a “settlement layer without real settlement.” Long-term sustainability depends on renewed on-chain demand to support fees and secure miner participation.
Compression Break
Bitcoin’s next move hinges on what happens after its current compression phase ends, rather than the breakout itself. According to the analysis by Bitcoin Vector, the crypto asset is now attempting to reclaim the prior range lows between $112K and $121K, with a daily close above $112K marking a key signal.
The platform highlights $113.6K and $115.6K as critical checkpoints; if price consolidates there, it could confirm a bullish reversal. In this view, Bitcoin’s trajectory favors buyers, with momentum potentially shifting decisively back into bullish territory.
Bitcoin Price Prediction: Kiyosaki Warns of a Great Depression – Will BTC’s Scarcity Drive Value?
Robert Kiyosaki, the well-known author of Rich Dad Poor Dad, has been warning for months that the United States could be heading toward what he calls a “Greater Depression.” At first, many dismissed this as overly pessimistic. But the latest numbers are making his concerns harder to ignore.
America’s national debt has now climbed above $37 trillion, while household debt has reached a record $18.39 trillion. Credit card delinquencies are also rising, showing that everyday Americans are struggling to keep up with higher borrowing cost.
On top of that, the labor market, which has long been one of the strongest parts of the U.S. economy, is beginning to weaken. In August, the economy added just 22,000 new jobs, and unemployment rose to 4.3%, the highest level in four years.
Meanwhile, inflation is proving stubborn, and the Federal Reserve is under pressure. If it cuts interest rates too slowly, growth could stall further. But if it cuts too aggressively, it could spark new problems of its own. Rising bankruptcies, falling consumer confidence, and slower growth are already feeding the sense of fragility.
Against this backdrop, Kiyosaki’s warning feels more relevant than ever. And for many investors, Bitcoin’s built-in scarcity is once again drawing attention as a possible hedge against economic uncertainty.
Bitcoin’s Scarcity Advantage
Bitcoin’s structure offers what fiat currencies cannot: a fixed limit on supply. With a hard cap of 21 million coins, and more than 19.9 million already mined, the remaining issuance is shrinking. The next halving in 2028 will slow new supply even further, tightening availability at a time when traditional assets risk dilution.
Unlike gold, Bitcoin is borderless, transparent, and instantly transferable, making it an increasingly attractive hedge during monetary uncertainty. If fears of recession deepen, its limited supply could amplify its role as a store of value. For many, the very risks Kiyosaki warns about may highlight why Bitcoin’s scarcity matters most.
Bitcoin Short-Term Technical Outlook
Bitcoin is consolidating near $110,800 inside an ascending triangle, a pattern that often signals upward continuation. Since late August, the chart has shown higher lows pressing against resistance at $113,400, reflecting steady accumulation. The 50-SMA at $110,209 is acting as a floor, while the 200-SMA at $112,543 serves as a pivot.
Momentum indicators lean constructive, with the RSI near 51 and candlestick activity, Doji and spinning tops, pointing to buyers absorbing pressure. A breakout above $113,400 with volume could open the door toward $115,400 and $117,150, confirming the bullish trajectory.
If $110,000 fails, support sits lower at $108,450–$107,400, though the rising trendline suggests such pullbacks remain corrective rather than a trend reversal. For traders, a tactical long above $113,400, with stops under $110,200, offers a clear setup.
Bitcoin Long-Term Forecast: Higher Zones Ahead
Bitcoin’s broader trend remains firmly bullish, anchored by its rising channel on the weekly chart. Price is consolidating above $110,000, with immediate resistance at $124,750 and a critical test at $134,500. Clearing this zone would likely open the way toward Fibonacci targets near $171,000, with $231,000 as the next long-term milestone.
The 50-week SMA at $95,928 provides strong dynamic support, while the 200-week SMA around $42,869 marks the ultimate structural floor. The RSI at 62 signals healthy momentum without being overbought, leaving space for continued expansion. Candlestick action shows no signs of major reversals, reinforcing buyer control.
For long-term investors, dips toward $100,000–$104,000 may provide accumulation opportunities rather than risks. With issuance slowing and demand rising, Bitcoin’s scarcity-driven appeal strengthens the case for six-figure levels in the next cycle.
Presale Bitcoin Hyper ($HYPER) Combines BTC Security With Solana Speed
Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its goal is to expand the BTC ecosystem by enabling lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation.
By combining BTC’s unmatched security with Solana’s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp development
The team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its foundations.
Momentum is building quickly. The presale has already crossed $14.1 million, leaving only a limited allocation still available. At today’s stage, HYPER tokens are priced at just $0.012865—but that figure will increase as the presale progresses.