• Its treasury has surpassed $780M, comprising $713M in Toncoin and cash worth $67M.
• The milestone comes after a $558M private placement completed early this month.
• Verb aims to accumulate 5% of Toncoin’s circulating supply.

Institutional players dominate market trends with dib-buying activities after the current broad market decline.

NASDAQ-listed Verb Technology, which will soon rebrand to Ton Strategy Company, has revealed a key milestone that aligns its vision with the Telegram-based blockchain.

The livestreaming firm has disclosed that its treasury assets have surpassed $780 million, with the Open Network’s native token accounting for the most at $713 million.

JUST IN: Publicly traded Verb Technology buys $713,000,000 worth of $TON for its treasury. pic.twitter.com/6FzOWVAjDL

— Whale Insider (@WhaleInsider) August 21, 2025

It holds the remaining $67 million in cash.

The development has attracted attention as it follows Verb’s $558 million private placement early this month.

The fundraising drew crypto-oriented investors and over 110 institutions, confirming trust in Verb’s digital asset strategy and the Toncoin project.

Commenting on the milestone, Verb’s Executive Chairman Manuel Stotz stated:

Crossing $780 million in assets just days after our private placement reflects the conviction behind $TON. This is more than building a balance sheet; it’s about contributing to the security of TON blockchain – where participants can build, transact, and benefit directly from the underlying financial protocols.

Verb eyes 5% of Toncoin’s supply

Verb Technology plans to be the central player in the Open Network ecosystem.

It plans to acquire over 5% of Toncoin’s circulating supply (currently at 2.56 billion tokens).

That would make Verb a top participant in securing the TON blockchain.

Moreover, the company plans to add its Toncoin balance on a per-share basis over time, leveraging staking rewards, disciplined market activity, and cash flow reinvestment.

That would ensure Verb’s active participation in supporting the platform’s infrastructure while benefiting from maximized returns.

Stotz added:

By becoming the first and largest publicly traded treasury reserve of TON, VERN is not just holding TON on its balance sheet – we are helping to strengthen the economic foundation of the network itself.

TON and potential

Verb Technology isn’t zeroing in on a random digital asset.

Toncoin remains the first coin to receive support from a leading social site.

Dogecoin appears to have failed in its fight to become X’s (formerly Twitter) payment token.

Telegram, the leading messaging platform with around 1 billion active users per month, collaborated with the Ton Foundation to make Toncoin the sole asset powering its ecosystem.

The integration enriched the alt’s utility, now the backbone for payments, wallets, and emerging decentralized applications (dApps) within Telegram.

The use cases likely elevated TON’s institutional appeal.

Recently, Coinbase Ventures endorsed Toncoin as the ideal token for fueling cryptocurrency adoption.

Toncoin price action

The alt trades at $3.30, reflecting the prevailing broad market declines.

Meanwhile, the minor 0.71% price increase signals a possible momentum shift as the community digests Verb’s updates.

TON could see brief gains in the near term, but the broad market outlook suggests short-lived gains.

Nonetheless, institutional interest positions Toncoin for impressive growth and price performance in the coming months and years.

Ethereum has just experienced one of the most chaotic trading days in its history, with price action resembling a rollercoaster. ETH plunged over 30% in less than 24 hours as fears of a U.S. trade war triggered a massive market selloff. However, just as quickly as panic set in, the market rebounded following President Trump’s announcement of negotiations with Canada and Mexico to lift tariffs. This sharp turnaround injected optimism back into the market, but uncertainty remains high.

The sudden drop wiped out millions in leveraged positions, creating one of the largest liquidation events in Ethereum’s history. Data from Glassnode reveals that yesterday, $76.4 million in ETH long liquidations hit the market, with $55.8 million being wiped out in a single hour—marking the second-largest liquidation spike in a year, just behind the $56 million event on December 9. This intense price action highlights the unprecedented volatility in Ethereum and the broader crypto market.

Now, the focus shifts to Ethereum’s ability to sustain its recovery and reclaim key resistance levels. With uncertainty still looming, the next few days will be critical in determining whether ETH can regain its bullish momentum or if further downside is on the horizon.

Ethereum Open Interest Drops Significantly

Ethereum has experienced one of the most volatile trading sessions in its history, dropping over 30% in less than 24 hours amid U.S. trade war fears, only to recover rapidly following President Trump’s announcement of negotiations with Canada and Mexico. This extreme price action has shaken investor confidence, but analysts suggest ETH is now stabilizing and preparing for a push higher.

Key data from Glassnode reveals the extent of the liquidation event that fueled this historic drop. Yesterday, $76.4 million in ETH long liquidations hit the market, with $55.8 million wiped out in a single hour—the second-largest spike in a year, just behind the $56 million liquidation recorded on December 9. The rapid price decline triggered a significant unwinding of futures open interest. ETH futures OI fell from $20.5 billion at the start of February to $15.9 billion today, wiping out $4.6 billion in leveraged positions.

Despite this sharp decline, Ethereum futures OI remains ~22% above its yearly trendline of $13 billion, suggesting that leverage remains elevated. Ethereum’s price has been heavily influenced by leveraged trading, as speculation and aggressive long positions fueled rapid swings. As the market recalibrates, a shift towards spot-driven price action could pave the way for healthier and more sustainable growth.

The coming weeks will be crucial in determining whether Ethereum can recover its bullish momentum. If ETH consolidates above key support levels and open interest stabilizes, the market could be setting up for another leg higher. However, if leverage remains high and speculative trading continues to dominate price action, further volatility and corrections may follow.

ETH Struggles Below Key Level Amid Market Uncertainty

Ethereum (ETH) is trading at $2,810 after a highly volatile start to the week. Despite a sharp recovery from its recent lows, bulls are still facing serious challenges as ETH trades below the crucial $3,000 mark, a level that also aligns with the 200-day moving average. This key resistance has historically acted as a major pivot point for Ethereum’s price action, making it a critical level to reclaim for bullish momentum to resume.

If bulls want to establish a new uptrend, ETH needs to break above the $3,000 mark with strength and hold it as support. A successful reclaim of this level could set the stage for a sustained rally toward $3,200 and beyond. However, failure to do so leaves Ethereum vulnerable to further downside risk.

Losing the $2,800 level could trigger additional selling pressure, potentially leading ETH to revisit lower demand levels around $2,650–$2,700. With market sentiment still uncertain and leveraged positions unwinding, traders are closely watching price action for confirmation of the next major move. Whether Ethereum can regain its footing or faces further declines will depend on its ability to reclaim key resistance levels in the coming days.

Featured image from Dall-E, chart from TradingView