Thumzup Media Corporation

Shares of micro-cap digital marketing firm Thumzup Media, <a href="https://thumzupmedia.com/about/company-overview/default.aspx">backed</a>&nbsp;by a son of U.S. President Trump, plunged more than 40% yesterday, August 19. The company announced <a href="https://www.thumzupmedia.com/investor-relations/investor-news/news-details/2025/Thumzup-to-Acquire-Dogehash-Technologies-Inc--a-Leader-in-DOGE-Digital-Asset-Mining/default.aspx">plans</a>&nbsp;to merge with Dogehash Technologies, a private Dogecoin and Litecoin miner. Noble Capital Markets <a href="https://www.channelchek.com/news-channel/dogecoin-mining-gets-boost-from-thumzups-50m-investment">thinks</a>&nbsp;the combined entity could become a leading player in the nascent Dogecoin mining industry.

Trump’s son-backed Thumzup Media sinks 40% on deal to acquire Dogecoin miner

Strategy Inc

The correction looks natural after a rally fueled by buying by digital treasuries

Cryptocurrencies retreated from record highs amid profit taking by traders

Traders expect a wave of liquidations of bitcoin short positions to push the exchange rate above $125,000

Bitcoin hit a new record after a month-long drawdown. Why is it being bought up again?

Bullish

Cisco Systems, Inc.

Bitcoin rose to a new record price, topping $124,000. Chinese startup DeepSeek postponed the launch of its R2 model due to failed attempts to train it on Huawei Ascend chips, highlighting the technological gap between Chinese processors and Nvidia. Igor Babushkin, co-founder of xAI, left Elon Musk's company to launch his own fund, Babuschkin Ventures, to invest in secure AI. In turn, the crypto exchange Bullish successfully held an IPO, ending the first day of trading with a growth of almost 90% and a capitalization of over $10 billion. About these and other topics - in our review of key events on the morning of August 14.

Highlights for the morning: bitcoin breaks records, xAI co-founder leaves, DeepSeek in trouble

Grayscale Ethereum Trust (ETH)

Bitmine Immersion Technologies, Inc.

SharpLink Gaming, Inc.

The main driver of growth is Wall Street's move to blockchain, says crypto-optimist and research firm co-founder Tom Lee

Ethereum at $10,000 by the end of the year. Why does Fundstrat expect the price to soar?

Preliminary trading in shares of the American crypto exchange Bullish, which is managed by the former president of the New York Stock Exchange (NYSE) Thomas Farley, began in the trading system for Freedom clients. The company's securities under the ticker <a href="https://tap.tradernet.global/to/quote/BLSH.US?utm_source=stocks&amp;utm_medium=BLSH.US&amp;utm_campaign=pfu9307038">BLSH</a> will appear on the NYSE later on Wednesday.

Bullish IPO: Binance and Coinbase competitor shares begin trading

Coinbase Global, Inc.

Robinhood Markets, Inc.

During trading on Aug. 11, Ethereum's value climbed above $4300 for the first time since 2021 

Crypto stocks are on the rise after bitcoin and ethereum surge. One of them added 20%

Cryptocurrencies were further supported by the closing of the case against Ripple, one of the most protracted in the market's history

Ether surpassed $4,000 for the first time this year amid the crypto's admission to pension funds

Block, Inc.

The company of Twitter co-founder and longtime bitcoin supporter Jack Dorsey may have begun a turnaround

Block shares soared 10%: investors believed in the growth of the company's two businesses


Voluntary pension insurance participants may gain access to riskier assets

Investors are waiting for Trump to allow pension funds to buy crypto. Who will win?

WhiteFiber, Inc.

Preliminary trading in shares of US WhiteFiber, a subsidiary of bitcoin miner Bit Digital, has begun in the Freedom trading system for clients. WhiteFiber operates data centers, leasing computing power to developers of AI applications and machine learning systems. The company's securities are available by ticker symbol <a href="https://tradernet.global/what-to-buy/stocks/WYFI.US">WYFI</a>. They will appear on the Nasdaq exchange later Thursday.

WhiteFiber IPO: Shares of AI data center operator begin trading

DDC Enterprise Limited

Spring 2025 marked a turning point for investors in DayDayCook (DDC), a Hong Kong-based small-cap company specializing in the production and sale of ready-made Asian meals. After losing nearly all of its value over the prior 18 months, the company’s stock has surged fourfold since May following the <a href="https://ir.daydaycook.com/news-events/press-releases/detail/35/ddc-announces-record-2024-growth-and-strategic-bitcoin-reserve-initiative-in-shareholder-letter-by-founder-ceo-norma-chu">announcement</a>&nbsp;of a bitcoin treasury strategy. While crypto has moved beyond being a trend to become a recognized component of the broader financial system, analysts at Freedom Finance Global note that there remains no fundamental or sustainable factor to support a long-term appreciation in its value.

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