Cryptocurrency
Following 3 Unicorns in 2 Years, Web3 Accelerator Beacon Launches Its Largest Cohort to Date

[PRESS RELEASE – New York, New York, September 12th, 2024]
Leading web3 accelerator program Beacon has announced the launch of its fourth and largest cohort to date. Beacon, which finances projects from pre-seed to Series A, has selected 17 promising companies for its latest three-month program, marking a significant expansion from previous cohorts.
The latest group is composed of the highest-profile firms in the history of Beacon, which was launched by Polygon co-founder Sandeep Nailwal in 2022. Featuring multiple Series A companies backed by heavyweight VCs firms like Pantera, Founders Fund, Framework, and Andreessen Horowitz (a16z), the cohort spans multiple web3 sectors including DeFi, infrastructure, and AI. Among the notable participants are Stakestone, EXO, Nubit, Aligned Layer, and eoracle.
“We’re thrilled to welcome our largest and most diverse cohort so far,” said Sandeep Nailwal, Co-Founder of Polygon and Beacon. “The caliber of companies joining us in the latest program is truly exceptional, and we’re excited to see how, with the aid of our mentorship and resources, they’ll go on to shape the future of web3 and beyond.”
The announcement comes on the heels of the graduation of Beacon’s highly successful S23 cohort which consisted of 10 companies, many of whom have made a major mark since being selected. S23 alumni included scalable data availability layer 0G and verifiable oracle protocol ORA, both of whom have achieved unicorn status since graduating.
While ORA secured $20 million funding in a round led by Polychain Capital, Inco, a universal confidentiality layer, closed a $4.5 million seed round led by 1kx, with participation from dao5 and Robot Ventures. Ethereum L2 solution Fluent, meanwhile, raised $7.5 million in a seed round co-led by Polychain Capital and dao5.
These success stories have set the bar high for the latest cohort, particularly given the impressive background and early traction of the participating companies. Both Aligned Layer and Nubit have already conducted Series A rounds, raising $20 million and $12 million respectively. The full list of companies in Beacon’s Cohort S24 are as follows:
- Aligned Layer – Aligned Layer is a decentralized network that verifies zero-knowledge/validity proofs and posts the results to Ethereum. It is designed to provide high throughput, cheap proof verification with low latency.
- Avantis – Avatnis’ infrastructure provides traders access to up to 100x leverage for major cryptocurrencies, forex and commodities pairs.
- Compute Labs – Compute Labs leverages its self-developed Compute Tokenization Protocol to financialize AI, enable direct exposure to compute assets, and create compute derivatives, empowering investors to effortlessly yield from compute, the currency of the future.
- Crynux – Founded by ex-Google engineers and scientists, Crynux is building a permissionless and trustless protocol for truly decentralized AI.
- eoracle – eoracle is a programmable data layer that extends Ethereum Proof of Stake to connect smart contracts with real-world data.
- EXO – Exo allows you to run your own AI cluster at home using everyday devices.
- EZKL – EZKL is a developer-friendly system for verifiable AI and analytics. With tens of millions of proofs computed every month, it powers a variety of delegated and decentralized systems
- Lorenzo – Lorenzo is the Bitcoin Liquidity Finance Layer, designed to meet the growing global demand for Bitcoin liquidity across L2s, DeFi, and trading platforms. It enables Bitcoin holders to efficiently invest in top yield opportunities through its premier DeFi ecosystem.
- Nodekit – NodeKit is building Javelin, the first superbuilder restoring composability to rollups.
- Nubit – Nubit is a scalable, cost-efficient, data availability layer secured by Bitcoin for the Bitcoin community. Nubit enables the scaling of Bitcoin’s data capacities, empowering applications like Ordinals, Layer 2s, and price oracles, thus broadening the scope and efficiency of the Bitcoin ecosystem.
- Othentic – Othentic provides infrastructure to build distributed services. Their infra simplifies AVS development on Eigenlayer, with over 30 projects leveraging the Othentic stack.
- PADO – PADO is a Decentralized zkAttestation and Computation Network with the vision of liberating locked Internet data to Web3.
- Pallet – Pallet Exchange is the hub for digital culture, community, and ownership on Sei.
- Pin AI – PIN AI is The Open Platform for Personal AI. Built on open source AI, leveraging crypto for data ownership & privacy.
- Stakestone – StakeStone is an omni-chain Liquid Staking Token (LST) protocol enhancing staking yields and liquidity on Layer 2s. Its architecture supports multi-chain liquidity with its native token, STONE, and introduces the Optimizing Portfolio and Allocation Proposal (OPAP) for transparent and optimized yields.
- TAC – TON App Chain (TAC) is an interoperability layer for TON blockchain and EVM-based applications.
- Warlock – Warlock is building new primitives to disrupt and disintermediate the MEV landscape.
“With the level of talent and innovation we’re witnessing in this new group, we are entirely confident that they can emulate, if not surpass, their predecessors,” said Nailwal.
Beacon’s biannual three-month program runs provides startups with mentorship, resources, and capital to accelerate their growth and development, with the program having established itself as a premier launchpad for web3 innovation.
About Beacon:
Beacon is an early-stage web3 accelerator program for promising startups. Launched by Polygon and Symbolic Capital co-founder Sandeep Nailwal, the program supports DeFi, gaming, infrastructure, AI, and other web3 ventures with financing, mentorship and resources, with the aim of identifying projects that serve real-world needs. The 12-week program runs twice per year.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
Cryptocurrency
Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

TL;DR
- Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
- Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
- Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.
Large Withdrawals and Whale Activity
Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours.
Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.
One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.
Major ETH Holders Offload Millions Amid Price Rally
In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.
A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months.
Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578.
Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.
The #EthereumFoundation-linked wallet(0xF39d) sold another 1,300 $ETH($5.87M) at $4,518 ~11 hours ago.
Over the past 3 days, this wallet has sold a total of 6,194 $ETH($28.36M) at an average price of $4,578.https://t.co/4hfCWymHVG pic.twitter.com/ErUyEY8SJy
— Lookonchain (@lookonchain) August 15, 2025
Network Activity on the Rise
CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.
Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period.
At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.
In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
Massive DOGE Whale Activity Hints at $1 Breakout

TL;DR
- Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
- A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
- DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.
Price and Market Moves
Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion.
Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.
On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.
$Doge/2-week#Dogecoin is gaining strong momentum to surge above $1 pic.twitter.com/TuSEKr19nv
— Trader Tardigrade (@TATrader_Alan) August 15, 2025
Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.
Heavy Whale Buying and Large Transfers
As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community.
Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.
Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.
Whales are back! Dogecoin $DOGE activity at a 1-month high. pic.twitter.com/C83Pv68mCt
— Ali (@ali_charts) August 14, 2025
Sentiment Building
Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding,
“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”
With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.
Technical Analysis
By ShayanMarkets
The USDT Pair
On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.
Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.
However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.
This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.
The BTC Pair
Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.
This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.
That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex3 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Forex3 years ago
How is the Australian dollar doing today?
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World3 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy3 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions