Crypto stocks moved higher as Bitcoin traded close to its record high near $123,000. Bitcoin was last seen around $120,000, which is a gain of almost 30% this year. The rally also coincided with strong progress in the Nexchain crypto presale, which is in Stage 25 and has raised over $8.4 million.

The Crypto Presale for Nexchain focuses on building a Layer-1 blockchain that combines Proof-of-Stake with AI-driven algorithms. This approach aims to deliver faster speeds, lower costs, and improved interoperability between networks. Nexchain tokenomics allocate 20% for public sale, with other allocations for treasury, ecosystem, team, liquidity, and rewards.

Crypto Stocks Move Higher with Bitcoin Rally

Shares of cryptocurrency-related companies advanced on Monday as Bitcoin traded close to its all-time high. The largest digital asset climbed following news that U.S. President Donald Trump signed an executive order allowing workers to invest in crypto through 401(k) plans.

MicroStrategy, the largest corporate holder of Bitcoin, rose about 3% in premarket trading. Coinbase shares gained more than 3%, while Robinhood rose nearly 2%. Ether traded near $4,200, adding to the broader momentum in the digital asset market.

Nexchain Crypto Presale Passes $8.4M in Stage 25

The Nexchain Crypto Presale has now raised over $8.4 million at its Stage 25 pricing of $0.1 per token. The project aims to address high gas fees and network congestion by offering a protocol capable of processing up to 400,000 transactions per second. Transaction costs are fixed at $0.001.

Nexchain combines Proof-of-Stake with AI optimization to provide both speed and stability. The system also supports cross-chain bridges, enabling seamless interaction with other blockchains. This structure is designed to appeal to developers seeking scalable and predictable platforms.

Nexchain Token Utility and Upcoming Testnet

The NEX token powers various functions within the Nexchain ecosystem. It can be used for instant low-fee transactions, staking for passive rewards, participating in decentralized governance, and paying for AI-driven services. Tokenomics are designed for long-term growth, with an income distribution of 10% to NEX holders who keep assets in DeFi wallets.

Nexchain brings AI into the core of blockchain automation — from self-optimizing smart contracts to real-time transaction management and fraud detection.

No more manual tweaks. Just intelligent, scalable, secure systems that adapt on their own.

Dev tools? Ready. SDKs, APIs, and… pic.twitter.com/hKZ4qPq7rc

— Nexchain (@nexchain_ai) August 6, 2025

Nexchain launched its testnet on August 8, and is aiming for an airdrop campaign. The testnet will allow developers to experiment with smart contracts and other features under simulated network conditions. The airdrop aims to reward active participants and encourage adoption before the full network launch.