Bitcoin News Today: BlockDAG Presale Surpasses $360M With 10 BTC Auction Driving Momentum

BlockDAG continues to gain traction in the cryptocurrency market as its presale crosses the $360 million mark with 24.46 billion coins sold. A key driver of this momentum is its ongoing 10 BTC Auction, which rewards presale participants ahead of the project’s scheduled August 11 global launch. The initiative is part of a broader, time-locked strategy that emphasizes execution over hype, offering a clear return on investment—2,660% for early buyers in Batch 1 [1]. The auction structure allows all BDAG purchases to contribute to a Bitcoin prize pool, with larger contributions increasing the chance of winning. Current prices for Batch 29 are set at $0.0276, while a limited-time offer during the presale allows purchases at $0.0016, offering a significant discount ahead of the projected launch price of $0.05 [1].

Meanwhile, Pi Network is making strides in its transition from a mining-based model to a fully functional blockchain ecosystem. The project now boasts over 60 million users, with more than 12 million having migrated to the mainnet. This shift marks a pivotal evolution for the platform, as it moves from accumulation to application development [1]. The launch of the Pi App Studio has further accelerated this momentum, encouraging developers to build decentralized applications within the Pi framework. As the network gains utility through real-world adoption and wallet integration, it continues to lay the groundwork for long-term growth.

Ethena’s ENA token has also seen a notable uptick following a key technical breakout. ENA surged nearly 17.6% after breaching the $0.485 resistance level, now acting as a support. This move has attracted institutional interest and increased trading volume. On-chain data reveals that over 1.07 billion ENA tokens have been removed from exchanges, signaling reduced sell pressure and growing confidence among investors [1]. The token now trades above both 50-day and 200-day exponential moving averages, reinforcing the bullish narrative. Analysts suggest mid-term price targets between $0.60 and $0.70, with potential for a push toward $1.00 or more if the current momentum holds. However, overbought conditions indicated by RSI and MACD readings suggest the possibility of short-term corrections [1].

The developments across these three projects highlight a broader trend in the crypto space: a shift toward measurable outcomes and structured execution. While Pi Network and Ethena focus on user engagement and technical performance, respectively, BlockDAG demonstrates a disciplined approach that prioritizes tangible results. With its auction model and presale progress, BlockDAG aligns incentives with action, ensuring that early participants see real returns. As the August 11 launch approaches, the project is positioning itself as a standout performer in the 2025 crypto landscape [1].

Source: [1] BlockDAG 10 BTC Auction And Hits $360M as Pi and ENA Surge (https://coinmarketcap.com/community/articles/68902352b247d42126ad7591/)