Bitcoin News Today: BlockDAG Presale Rises on BTC Auction and $360M Raised

BlockDAG’s presale has captured significant attention in the cryptocurrency market, drawing investors with a combination of a limited-time entry price and a high-value BTC Auction. The project is set to launch on August 11, with over $360 million raised and more than 24.6 billion BDAG tokens already sold. Early buyers have seen a 2,660% increase in token price from the first batch, and a discounted entry rate of $0.0016 remains available. Additionally, the 10 BTC Auction—worth over $1.1 million—has added a layer of strategic appeal, as token volume directly influences auction share [1].

Meanwhile, Injective (INJ) has seen renewed interest following the filing for a staked ETF by Cboe BZX. If approved, this would be the first U.S. ETF tied to staked INJ tokens, providing investors with regulated exposure to both the asset and its staking rewards. The development aligns with recent Securities and Exchange Commission (SEC) guidance that has clarified the legal status of staking activities. In response, INJ briefly rose to $16 before retreating to the $14–$15 range. Analysts suggest that a breakout above the $15.97 resistance level could push the price toward $21 [1].

Dogecoin (DOGE) has experienced heightened volatility after a 9% drop between July 28 and 29, pulling its price from approximately $0.248 to near $0.223. The decline occurred during a surge in trading volume—over 918 million tokens exchanged in one day—raising speculation about institutional selling. However, buyers intervened around the $0.223–$0.225 support zone, pushing the price back to $0.226. Traders are now closely watching the $0.240–$0.241 level, as a breakout could signal further gains. A failure to hold above $0.223, however, may see the price fall to $0.215–$0.218 [1].

As the market remains active, BlockDAG is generating momentum through its structured presale and clear launch timeline. While DOGE and INJ remain subject to broader market forces, BlockDAG’s auction-driven model introduces a novel approach to attracting participation. With the August 11 launch nearing, investors are positioning themselves to capitalize on what could be a high-impact event in the crypto space [1].

Source: [1] BlockDAG Presale Surge, Dogecoin Price Performance, & Injective Price Analysis – https://coinmarketcap.com/community/articles/688fcef3b247d42126ad74f8/