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Eightco Holdings (ORBS) Stock Rallies 22% Following $125M Investment from Major Institutions

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ORBS Stock Card

Key Highlights

  • On March 12, 2026, Eightco Holdings (ORBS) announced $125 million in fresh institutional funding commitments.
  • Bitmine (BMNR) is leading the round with $75 million, while ARK Invest and Payward (Kraken’s parent company) each contributed $25 million.
  • Chairman Dan Ives is departing the role; Tom Lee from Bitmine will join the company’s board of directors.
  • Earlier in March, ORBS deployed $52.5 million into OpenAI equity and $25 million into MrBeast’s Beast Industries.
  • Shares of ORBS climbed as high as 22% during Thursday’s trading session, reaching approximately 99 cents.

On March 12, 2026, Eightco Holdings (ORBS) revealed it had secured $125 million in new institutional capital, triggering a sharp rally in its share price during early market hours.


ORBS Stock Card
Eightco Holdings Inc., ORBS

The funding round features a substantial $75 million investment from Bitmine (BMNR), the digital asset firm led by cryptocurrency advocate Tom Lee. Additionally, ARK Invest—managed by renowned investor Cathie Wood—and Payward, which operates the Kraken cryptocurrency exchange, each pledged $25 million to the initiative.

During Thursday’s trading, ORBS shares climbed to 99 cents, marking an approximately 22% gain for the session. This represents a significant recovery for the company, whose stock had previously declined more than 90% over recent months.

The newly raised funds are designated for ORBS’ expansion efforts in artificial intelligence, blockchain technology infrastructure, and digital consumer-facing platforms.

Alongside the funding announcement, the company revealed a leadership transition. Dan Ives, the prominent technology analyst from Wedbush Securities who assumed the chairman role just last September, is relinquishing the position. Tom Lee will now occupy a board seat at ORBS.

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Brett Winton, who serves as Chief Futurist at ARK Invest, has been appointed as an advisory board member.

In a public statement, Ives described the incoming leadership configuration as “the perfect team” to advance the company’s strategic objectives.

Last January, Barron’s featured a comprehensive cover investigation into Ives’s dual responsibilities and possible conflicts arising from his simultaneous roles as company chairman and equity analyst at Wedbush. When contacted Thursday, Wedbush representatives declined to provide commentary.

Strategic Capital Deployment in OpenAI and Beast Industries

Prior to Thursday’s funding announcement, ORBS had already begun deploying significant capital into strategic opportunities. On March 6, the firm invested approximately $52.5 million to obtain economic interests in OpenAI equity.

Four days later, on March 10, ORBS committed roughly $25 million to Beast Industries—the corporate entity backing internet personality MrBeast—with $7 million of that amount scheduled for funding within the next 60 days.

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The company also maintains existing positions in Worldcoin, a project co-created by OpenAI’s CEO Sam Altman, as well as holdings in Ethereum.

According to company disclosures, the OpenAI and Beast Industries transactions represent ORBS’ “initial strategic investments,” indicating additional deals may be forthcoming.

Wall Street Perspective

The latest analyst assessment for ORBS stock stands at a Hold rating, accompanied by a price objective of $1.50.

Eightco currently operates with a market capitalization hovering around $160 million, while average daily trading volume reaches approximately 4.6 million shares.

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Through its recent funding activities and investment deployments, the company has established simultaneous positions across OpenAI, Beast Industries, Worldcoin, and Ethereum—positioning itself at the intersection of artificial intelligence and blockchain technology.

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Crypto World

Cartesi price jumps over 100% as it hits Stage 2 security status, can it go higher?

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Cartesi price has broken out of a descending parallel channel pattern on the daily chart.

Cartesi token soared over 100% to a 3-month high of $0.049 on Friday. Will the Layer 2 token edge higher over the coming sessions, or will it succumb to profit-taking?

Summary

  • Cartesi price surged over 100% to a three-month high amid a sharp rise in trading volume and a short squeeze.
  • The rally was driven by progress toward L2BEAT Stage 2 status and growing developer activity around Cartesi Machine deployments.
  • Technical indicators show overbought conditions and profit-taking signals, with CTSI price at risk of a pullback toward $0.030 support.

According to data from crypto.news, Cartesi (CTSI) price rallied nearly 110% to $0.049 on Friday, reaching its highest level since November 2022.

The rally came in a high-volume trading environment. In the past 24 hours,  the daily trading volume of Cartesi rose 1,260%, suggesting a sharp rise in demand from traders that likely buoyed the token toward its highs today.

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There are three main reasons why Cartesi price broke out today.

First, Cartesi’s Permissionless Refereed Tournament fraud-proof system is reportedly nearing the Stage 2 classification by L2BEAT. This milestone would rank it among the most secure and decentralized Layer 2 scaling solutions, setting it apart from competitors that still rely on permissioned validators.

Second, the project’s recent initiative to ship high-throughput applications reached critical implementation deadlines in April. Tangible developer interest in the Cartesi Machine, which allows decentralized apps to run on Linux, is finally translating from theoretical potential into live deployments.

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Third, after months of trading in a narrow range of $0.02 to $0.025, the sudden break above long-term resistance triggered a volatility spike. This caused a short squeeze, forcing bearish traders to buy back their positions and further fueling the massive gains seen today.

On the daily chart, Cartesi price has broken out of a multi-month descending parallel channel pattern, a sign that bulls have finally gained control of the market. It has already attained the target level from the breakout, suggesting there could be some selloff on the horizon.

Cartesi price has broken out of a descending parallel channel pattern on the daily chart.
Cartesi price has broken out of a descending parallel channel pattern on the daily chart — April 3 | Source: crypto.news

Such selloff risks also come as the relative strength index has crossed the overbought threshold. Crypto rallies often face some pullback when this metric hits an overbought state.

Additionally, the Chaikin Money Flow index showed a negative reading, a sign that investors have started to rotate capital or take profits at these higher levels.

Hence, the Cartesi token could likely retest its immediate support of $0.030 before its next leg higher.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Cathie Wood Sees No More 85% Bitcoin Price Drawdowns Versus All-Time Highs

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Cathie Wood Sees No More 85% Bitcoin Price Drawdowns Versus All-Time Highs

Bitcoin (BTC) is “done” with drawdowns of 85% or more from all-time highs, says ARK Invest CEO, Cathie Wood.

Key points:

  • Bitcoin will not see another correction of 85% or more versus its latest all-time high, Cathie Wood argues.

  • A new prediction sees $34,000 becoming the next BTC price bottom.

  • Bitcoin bear-market seasonality hints that a reversal could come this month.

Wood on BTC price: No more 85% “collapses”

In an interview with CNBC’s Squawk Box segment on April 1, Wood stayed calm about double-digit BTC price losses.

“Believe it or not, in the Bitcoin community, down 50% — if that’s as far as it goes — they’ll consider that a real victory,” she said.

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“Because you’re right; the 85-95% collapses associated with a very new technology — that’s done. This is a proven technology, it’s a proven monetary system and it’s a new asset class.”

Wood, a longtime Bitcoin bull, was speaking as Bitcoin circled its old $69,000 all-time highs from 2021.

Those preceded a year-long bear market in which BTC/USD lost nearly 80% before bottoming at $15,600. That marked the latest such correction, with bear markets typically bringing losses around the 80% mark.

Data from onchain analytics platform Glassnode shows that the current bear market has yet to match historical patterns with maximum downside versus Bitcoin’s $126,200 record from October 2025 at 52%.

BTC price drawdowns from all-time highs. Source: Glassnode

Responding to Wood, analyst Tony Severino predicted that 2026 would bring a price bottom equal to a 72% drawdown.

“Correct, -72% max drawdown next =$34,000,” he wrote on X.

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That figure exceeds commonly held predictions by traders for where Bitcoin’s next generational floor will be. As Cointelegraph reported, consensus favors the area between $40,000 and $50,000.

This week, however, Bloomberg Intelligence analyst Mike McGlone warned that price may already be trending toward seven-year lows

Bitcoin historically rebounds in April

Continuing the bear-market comparison, data from network economist Timothy Peterson revealed that April could mark some form of inflection point for price.

Related: Bitcoin risks new lows as US dollar targets highest level since April 2025

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A chart uploaded to X this week shows April typically being a recovery month during bearish phases. 

Bitcoin bear-market price comparison. Source: Timothy Peterson/X

The March monthly close, meanwhile, ended a five-month losing streak for BTC/USD with modest gains of 1.8%.