Ether rises 2% and bitcoin inches back above $119,000: CNBC Crypto World
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2 hours ago
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BONK Drops 9% From Peak as Exchange Transfers Overwhelm Burn News
BONK experienced aggressive volatility over a 24-hour period to end the week, swinging 15% between $0.00003185 and $0.00003763. The Solana-based memecoin initially surged on the heels of a 500 billion token burn announcement before a Galaxy Digital-linked wallet moved $18.75 million worth of BONK to major crypto exchanges, triggering a 9% pullback in under an hour. Despite the reversal, BONK stabilized above the $0.00003400 level with support in the $0.00003185-$0.00003230 zone, according to CoinDesk Research's technical analysis data model. Trading activity surged as speculative flows responded to conflicting signals: bullish supply reduction versus the bearish pressure of potential sell-side liquidity injections. The broader crypto market's shift toward altcoins continued to boost meme token trading volumes as with bitcoin's market dominance weakening. BONK has benefited from increased institutional and retail attention, even as its price action remains volatile and sensitive to on-chain movements. Technical Analysis Highlights BONK moved between $0.00003185 and $0.00003763, a 15% swing. The price dropped 9% from a peak at 15:00 UTC to $0.00003430 by 16:00 UTC. Strong support held at $0.00003185-$0.00003230 amid multiple overnight retests. From 03:00 UTC, the price rallied to $0.00003438, showing short-term stabilization. Between 11:10 and 12:09 UTC, BONK fell 2% to $0.00003433. Reduced volume during final minutes suggests declining bearish momentum. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
2 hours ago
- Yahoo
BioSig Technologies and Streamex: Pioneering Real-World Asset Tokenization in the U.S. Market
LOS ANGELES, CA, NEW YORK & VANCOUVER, BC, USA & CANADA, July 25th, 2025, ChainwireIn a significant move poised to transform the landscape of digital asset trading, BioSig Technologies, Inc. (NASDAQ: BSGM) has merged with Streamex Exchange Corporation, a private entity focused on the tokenization of real-world assets (RWAs), particularly in the commodities sector. This strategic merger not only diversifies BioSig's offerings but also positions the combined company to lead the emerging market of regulated RWA tokenization in the United States. The company is currently awaiting the official name change on NASDAQ that will fully integrate them into their new vision. Henry McPhie: A Visionary Leader At the helm of this transformative journey is Henry McPhie, Co-Founder and Chief Executive Officer of Streamex. A seasoned entrepreneur and technologist, McPhie has a robust background in building innovative companies at the intersection of blockchain and finance. Before leading Streamex, he founded Lynx Web3 Solutions, which provided critical infrastructure for early-stage Web3 projects. Notably, he also launched FatCats Capital, a Solana-based NFT initiative that gained quick traction, becoming the third-largest NFT project globally at its time of launch. His engineering degree from McGill University complements his entrepreneurial ventures, equipping him with both technical expertise and a visionary approach. With a mission to revolutionize real-world asset tokenization, McPhie leads Streamex in integrating blockchain solutions to bring commodities on-chain, thereby enhancing market access and liquidity for 500 million new investors across diverse sectors. Streamex's Core Offerings Streamex is committed to developing compliant primary issuance and decentralized exchange infrastructure aimed at modernizing commodity markets. Some key offerings include: Access: Connecting over 500 million new investors to a market with $3 trillion in liquidity. Diversification: Providing access to a variety of private placements in traditional capital markets. Innovation: Creating and owning individualized royalties and streaming contracts through tokenization. Legal Framework: Collaborating with regulators to ensure a safe and stable investment environment. Security: Utilizing automation and blockchain technology for secure financing documentation. Strategic Share Exchange Agreement BioSig and Streamex recently completed a definitive share exchange agreement, making Streamex a wholly owned subsidiary of BioSig. As part of this agreement, Streamex's shareholders will receive a substantial share allocation in BioSig, converting the company into a pioneer in the blockchain space with plans to enhance the tokenization of physical assets such as gold and commodities. The merger's completion marks a critical step toward tapping into the approximately $142 trillion global commodities market, with a focus on accelerating the use of blockchain technology in commodity finance. Acquisition of a Regulated Broker-Dealer Adding to this momentum, BioSig recently engaged Compliance Exchange Group (CXG) to assist in acquiring a FINRA and SEC-registered broker-dealer. This acquisition aims to position Streamex as one of the first publicly traded, fully regulated RWA tokenization companies in the U.S. The broker-dealer's regulatory framework will allow Streamex to issue and trade tokenized assets under federal securities laws, expanding its market presence and providing institutional and retail investors access to gold-backed digital investment opportunities. With the global gold market valued at $22 trillion, this move is anticipated to bridge traditional finance and blockchain, offering simple, compliant access to gold investments through digital tokens. Market Resilience and Promising Forecasts The merger and acquisitions have already positively impacted BioSig's stock, which surged by 24.4% following the announcement of the share exchange. As BioSig transitions from a traditional medtech company to a multi-faceted player in the blockchain and digital asset arena, analysts predict a substantial increase in company earnings, with expectations of a 73.3% rise in 2025. Streamex is committed to holding significant amounts of physical gold, securely stored through top-tier bullion banks. These holdings will denominate the company's balance sheet in gold, promoting a recurring revenue model aligned with global trends in commodity finance. As BioSig Technologies and Streamex Exchange Corporation forge ahead together, they are set to revolutionize the way investors access real-world assets through blockchain technology. Under Henry McPhie's leadership, their commitment to compliance, innovation, and market expansion places them on the path to redefine traditional finance, bringing unprecedented opportunities in the burgeoning world of RWA tokenization. With their ambitious vision for the future and an integrated platform poised to lead the marketplace, the combined company is well-positioned to become a major player in the evolution of commodity markets, while they await the official name change on NASDAQ that solidifies their new identity. About Streamex Exchange Corporation Streamex is a gold treasury and infrastructure company building the foundation for on-chain commodity markets. With a focus on real-world asset (RWA) tokenization, Streamex is developing a vertically integrated platform that combines token issuance, trading infrastructure, and physical gold holdings positioning the Company to become one of Nasdaq's largest public holders of gold bullion. This strategic approach aligns with Streamex's mission to reshape global finance by bringing the approximately $142 trillion global commodities market on chain. By merging the security and trust of physical gold with the efficiency and transparency of blockchain, Streamex is creating scalable financial infrastructure for a new era of digital commodities. The Company plans to hold significant quantities of physical gold, securely vaulted through a top-tier bullion bank. Streamex will denominate the majority of its balance sheet in vaulted gold rather than fiat currency, supporting a long-term, value-based financial model. Combined with Streamex's Solana-based blockchain infrastructure, this strategy enables a recurring revenue model that supports the issuance of gold-backed digital assets. Streamex is a wholly owned subsidiary of BioSig Technologies, Inc. For more information on Streamex: PellPhoenix Media Permalink | © Copyright 2025 All rights reserved
Yahoo
2 hours ago
- Yahoo
Remittix Presale Raises $17M After Revealing Next-Gen Web3 Wallet Beta Launch Date
Košice, Slovakia, July 25th, 2025, ChainwireRemittix, the new DeFi platform bridging crypto and mainstream finance, has publicly disclosed the beta go-live date of its web3 wallet next generation. The announcement has rekindled investor interest, pushing the Remittix presale to over $17 million raised, with over 563 million tokens sold thus far as of this week. Targeted for Q3 2025, Remittix Wallet will initially be available to serve Ethereum and Solana when launched, with future support in the works for the Cardano (ADA) and XRP networks. But a mere wallet is not what Remittix is creating. Remittix is laying the groundwork for something even more significant: to bring crypto into the realm of everyday transactions, especially in places where money sending is slow, expensive, or simply not feasible. What Remittix Really Does: Connecting Crypto to Fiat Though nearly every platform touts decentralization, Remittix is building something that works. Remittix is focused on enabling users to send cryptocurrency to normal bank accounts simply — no middlemen, no unnecessary fees. This layer of fiat for crypto is at the heart of Remittix's mission, especially for people in remittance-heavy regions of the globe like Africa, Southeast Asia, and Latin America. The future wallet will be the portal to this capability, supporting cross-chain transfers, low gas fees, and, in the end, frictionless crypto-to-bank transfers in over 30 countries. While fiat integration will not be activated at beta launch, it is a foundation of the platform's road map. Wallet Beta: A Web3 Game-Changer Remittix Wallet is currently under development to deliver speed, simplicity, and interoperability across chains. Built for both senders in the real world and users of DeFi, it includes: Cross-chain access to Solana and Ethereum Optimized Web3 UI for token swapping and wallet management Staking and yield farming capabilities Eligibility for $250,000 Remittix Giveaway 50% token reward for presale investors As the platform's central utility node, the wallet will eventually support a more extensive DeFi ecosystem, making cryptocurrency more usable for freelancers, businesses, and remittance users worldwide. After the beta launch announcement, Remittix has also been trending on X (Twitter), making waves in Telegram trading channels, and highlighted across low-gas-fee cryptocurrency boards. It's quickly becoming known as one of the strongest altcoins with real utility in 2025. Presale Still Live — And Selling Fast Remittix presale is still ongoing on the official website. Everyone who adopts early receives a 50% token bonus and also stands a chance to win the ongoing $250,000 Giveaway, which has caused a massive influx in community growth in the past week. With over $17 million in its accounts and the wallet beta on the horizon, Remittix is now in the crosshairs of analysts and retail investors alike as a next-generation DeFi project — and potentially, the next big crypto in the payments sector. About Remittix Remittix is a decentralized finance ecosystem with the goal of making crypto useful. From staking across multiple chains to crypto-denominated payments in fiat, it is bringing world utility to underserved users all over the globe. With a focus on low gas fees, utility, and mobile-first infrastructure, Remittix aims to be the platform of preference for global remittance, earning, and spending in crypto. For media inquiries: Users can visit Remittix Website For Presale Info And follow Remittix's socials for official updatesBen Kovacadmin@ Permalink | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
