NFT Market Cap Jumps 21% to $6.3B Overnight — What’s Going On?

PANews reported on July 21 that SlowMist founder Cos ( Yu Xian ) tweeted that a user searched for aave on Google and clicked on the first search result, which

NextGen Digital Platforms Inc. has officially entered the world of corporate crypto treasury strategies with the acquisition of $1 million worth of Bitcoin. This move marks the company’s first crypto asset purchase and signals its intention to incorporate decentralized assets like Bitcoin, Ethereum, and Solana into its broader financial management framework. Crypto Allocation Approved by Board The company said its board of directors has approved a strategy that allows for up to 80% of its treasury holdings to be allocated to crypto assets. The digital holdings will be custodied by a regulated, institutional-grade provider, in full compliance with legal and industry standards regarding security, custody, and reporting. As part of a more diversified reserve strategy, crypto assets are being evaluated for their long-term store of value potential and ability to act as a hedge against systemic risks in traditional financial markets. CEO: Bitcoin Offers Long-Term Resilience In a statement, Matthew Priebe, CEO of NextGen, described the initiative as both forward-looking and rooted in financial caution. “We believe Bitcoin is a unique monetary asset that offers long-term resilience and upside as a treasury reserve. Our decision to allocate capital into Bitcoin reflects our confidence in the long-term value and relevance of decentralized assets in the global economy.” The company explains that its current development plans and operations will not be affected by this shift. Any future material acquisitions of digital assets will be disclosed as required under applicable regulations. Aligning with a Global Trend NextGen joins a growing list of publicly traded companies allocating part of their balance sheet into crypto, amid rising institutional interest in decentralized finance. The company views this move as a way to improve the diversification and robustness of its treasury, especially in light of fiscal volatility and inflationary challenges worldwide. Through this initiative, NextGen aims to align with global trends in digital asset adoption while maintaining its commitment to regulatory compliance, transparency, and long-term shareholder value. The company also operates PCSections.com, an e-commerce platform, and Cloud AI Hosting, a hardware-as-a-service solution tailored for the AI industry, giving it a diversified presence in both emerging technology and decentralized finance. Corporate Treasuries Follow Saylor’s Lead An increasing number of firms are taking a leaf out of Michael Saylor’s Strategy playbook, following the lead of his aggressive bitcoin treasury strategy that began in 2020. Saylor’s approach—allocating large portions of corporate reserves into bitcoin as a hedge against inflation and currency debasement—has shifted the conversation around digital assets from speculative trading to long-term balance sheet management. Earlier today, Strategy disclosed that it had acquired an additional 6,220 BTC for approximately $739.8 million, at an average price of $118,940 per bitcoin during the week ending July 20, 2025. 📈 Michael Saylor's @Strategy buys 6,220 BTC for $739.8M—now holds 607,770 BTC worth $43.6B. Average price: $71.7K. #Bitcoin #Crypto https://t.co/PAxOuP9dsD — Cryptonews.com (@cryptonews) July 21, 2025 His firm’s bold moves have inspired a wave of publicly traded companies, fintech startups, and even traditional enterprises to explore holding crypto assets as part of their treasury diversification. As fiscal uncertainty persists globally, more executives are reconsidering cash-heavy balance sheets in favor of digital assets that, like bitcoin, are seen as resilient, decentralized stores of value.

Chinese blockchain Conflux has launched Conflux 3.0 and unveiled a new offshore yuan-backed stablecoin targeting “Belt and Road” cross-border payments.