While major crypto ETFs suffer heavy redemptions, Solana-backed products extend inflows for the sixth straight day, drawing institutional interest amid market uncertainty. Bitcoin and Ether ETFs Bleed Capital The cryptocurrency ETF market witnessed sharp capital shifts this week, with Bitcoin and Ether exchange-traded funds (ETFs) recording their fifth consecutive day of outflows. According to fresh data from Farside Investors, Bitcoin ETFs saw $578 million in redemptions on Tuesday — the largest single-day withdrawal since mid-October — while Ether ETFs lost $219 million, marking a combined $800 million in total outflows. The heaviest withdrawals came from BlackRock’s iShares Bitcoin Trust (IBIT)…
Author: Blockto Team
Tokyo-listed Bitcoin treasury firm deepens its BTC exposure with a $100 million loan, following its $500 million Bitcoin-backed share repurchase program. Metaplanet Expands Bitcoin-Backed Financing Strategy Metaplanet, the Tokyo-listed Bitcoin treasury company, has secured a $100 million Bitcoin-backed loan to finance further Bitcoin purchases and fund a share buyback program, reinforcing its position as one of the most aggressive corporate adopters of BTC. According to a company filing, the loan was issued on Oct. 31 under a credit agreement secured by Metaplanet’s Bitcoin holdings, allowing for flexible repayment at any time. While the lender’s name was not disclosed, the company…
Whale distribution and rising trading volume reinforce selling pressure, pushing DOGE below key support near $0.16. Dogecoin (DOGE) extended its decline on Tuesday, falling over 5% and breaching critical support levels near $0.16, as selling pressure intensified across the broader crypto market. The price action revealed a clear lower-lows pattern, suggesting a deepening bearish trend that continues to weigh on investor sentiment. DOGE Price Struggles Below Key Support On the 4-hour chart, Dogecoin broke below a short-term support zone at $0.17, triggering a quick descent into the green accumulation zone between $0.15 and $0.14. The move was accompanied by a…
Paul Grewal accuses traditional banks of protecting their turf as Coinbase seeks a national trust charter to connect digital assets with mainstream finance. A new dispute has emerged between Coinbase and U.S. banking lobbyists as the Independent Community Bankers of America (ICBA) voiced strong opposition to the crypto exchange’s National Trust Company Charter application. The pushback underscores growing friction between traditional financial institutions and digital asset firms aiming to integrate into regulated financial systems. Banks Push Back on Coinbase’s Charter Bid In a Monday letter to the Office of the Comptroller of the Currency (OCC) — the federal regulator responsible…
BTC inflows rise amid altcoin weakness, signaling renewed market consolidation ahead of key resistance Bitcoin’s dominance over the cryptocurrency market surged to 60.75% this week, edging closer to the critical 61.50% resistance zone, as capital continues to rotate away from altcoins into Bitcoin. The move highlights a renewed risk-off sentiment among traders seeking stability in the market’s largest digital asset. The dominance chart — a measure of Bitcoin’s share of total crypto market capitalization — shows a clear technical breakout from the 59% consolidation range, confirming a structure shift that began in mid-October. Analysts suggest that the strength reflects a…
Zurich-based Future Holdings AG raises 28 million Swiss francs to merge institutional finance with Bitcoin, led by industry veterans including Adam Back and Richard Byworth. FUTURE Raises 28M CHF to Expand Bitcoin Treasury Model Future Holdings AG (FUTURE), a Switzerland-based Bitcoin treasury and infrastructure company, has raised 28 million Swiss francs (approximately $35 million) in fresh funding to accelerate its mission of bridging traditional finance (TradFi) with Bitcoin’s decentralized economy. The round was backed by Fulgur Ventures, Nakamoto, and TOBAM, positioning FUTURE as a growing force in Europe’s institutional Bitcoin landscape. The firm is spearheaded by Chairman Richard Byworth (of…
Teng clarifies Binance had no role in selecting USD1 for a $2 billion investment amid growing political scrutiny. Binance CEO Richard Teng has firmly denied claims that the global crypto exchange was involved in promoting or selecting the Trump family-backed stablecoin, USD1, in a recent multibillion-dollar deal. The statement follows a wave of allegations linking Binance, World Liberty Financial, and political figures to questionable financial coordination. Binance Distances Itself from USD1 Transaction Speaking to CNBC, Teng clarified that Binance “didn’t partake” in the decision to use USD1—a stablecoin launched by World Liberty Financial, co-founded by Eric Trump—for a $2 billion…
New proposal aims to tie ZK token value directly to network revenue, sustainability, and long-term ecosystem growth. The ZKsync ecosystem may soon undergo a significant transformation as co-founder Alex Gluchowski proposes a revamp of its governance token to introduce real economic utility and onchain value capture. The initiative seeks to align token usage with network performance, ensuring that value generated within the ZKsync ecosystem directly supports its sustainability and decentralization. ZK Token to Gain Economic Utility In a recent community forum post, Gluchowski explained that the current governance-focused token model served its purpose during ZKsync’s early development phase. However, as…
Institutional investors exit crypto ETFs amid Fed’s hawkish stance and U.S. government shutdown, though analysts insist the long-term bullish structure remains. The U.S. spot Bitcoin and Ethereum ETFs witnessed a combined net outflow of $797 million on Tuesday, marking one of the steepest single-day exits in recent months. The move comes as investors react to renewed macroeconomic pressure, including the Federal Reserve’s hawkish outlook and the ongoing U.S. government shutdown, which have fueled widespread fear across financial markets. Institutional Outflows Reflect Market Anxiety According to SoSoValue data, Bitcoin ETFs saw a $577.7 million outflow, the largest since August 1. Fidelity’s…
In one of the most dramatic outcomes in prediction market history, a trader has lost nearly $1 million betting against Zohran Mamdani, who emerged victorious over Andrew Cuomo to become New York City’s 111th mayor. The 2025 election didn’t just capture political attention—it also drew unprecedented activity in decentralized prediction markets, recording over $424 million in total wagers. Record-Breaking Betting and Historic Upset Data from blockchain-based trading platforms show that the user known as ‘fuxfux007’ suffered a staggering $969,169 loss after placing nearly all their capital on Mamdani’s defeat. The trader made only two significant bets: one worth $973,757 against…