Author: Blockto Team

Exchange prepares to file derivatives license as competition heats up across crypto platforms Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss, is reportedly planning to launch its own prediction markets platform, marking one of its most ambitious moves since going public earlier this year. According to reports from Bloomberg, Gemini has filed with the Commodity Futures Trading Commission (CFTC) to operate a derivatives exchange — a step that would allow it to offer event-based contracts, enabling users to trade on the outcomes of real-world events. Gemini’s renewed expansion follows its September initial public offering, which…

Officials emphasize due process in Trump’s decision to pardon Binance founder Changpeng Zhao The White House confirmed on Tuesday that President Donald Trump’s pardon of Binance founder Changpeng “CZ” Zhao underwent a full and standard legal review before final approval, underscoring that the move was not made impulsively or politically. White House press secretary Karoline Leavitt said during a press briefing that the pardon “was considered with utmost seriousness” and followed a “thorough review process” by both the Department of Justice and the White House Counsel’s Office. “There’s a whole team of qualified lawyers who look at every single pardon…

Mining firms shift toward AI computing and clean energy as Bitcoin holdings nearly double Bitcoin mining giants MARA Holdings and Hut 8 Mining Corp reported strong third-quarter earnings for 2025, showing sharp profit gains and expanding Bitcoin reserves as both firms accelerate their move into high-performance computing and energy infrastructure. MARA’s quarterly revenue jumped 92% year over year to $252 million, reversing a prior-year loss of $125 million into $123 million in net income. Hut 8’s results were similarly robust, with revenue climbing to $83.5 million and profit rising to $50.6 million. Bitcoin reserves nearly double Both miners significantly grew…

Chipmaker trims crypto holdings to reduce $189M debt load while reaffirming long-term Bitcoin strategy Semiconductor manufacturer Sequans Communications saw its shares fall more than 16% on Tuesday after disclosing it had sold 970 Bitcoin, representing about 30% of its total holdings, to redeem half of its $189 million in outstanding convertible debt. The Paris-based firm, known for its IoT and 5G chipsets, described the move as a “strategic asset reallocation” aimed at strengthening its financial foundation amid volatile crypto markets. Debt cut in half, but market reacts sharply Following the sale, Sequans’ Bitcoin balance dropped from 3,234 BTC to 2,264…

Market sentiment weakens amid long-term holder selloffs and macro uncertainty Bitcoin’s rally appears to be losing momentum, with multiple analysts suggesting that the world’s largest cryptocurrency is unlikely to hit $125,000 in 2025 — a sharp contrast to the ultra-bullish forecasts made earlier this year. In early October, prominent figures such as Tom Lee and Arthur Hayes predicted Bitcoin could soar as high as $250,000 by year-end. However, the recent market downturn and fading retail optimism have tempered those expectations. “We don’t expect crypto to go any higher than $125K USD in 2025,” said Houston Morgan, analyst at ShapeShift. “Bitcoin…

Ottawa follows Washington’s lead, pledging legal clarity for fiat-backed digital assets Canada’s federal government is preparing to regulate fiat-backed stablecoins as part of its 2025 budget plan, marking a major step toward establishing a clear legal framework for digital assets. The move follows the United States’ passage of the GENIUS Act earlier this year — a landmark law that set new global standards for stablecoin oversight. According to the newly released 2025 federal budget, the forthcoming legislation will require stablecoin issuers to maintain fully backed reserves, implement strict redemption and transparency policies, and adopt robust risk management frameworks. These measures…

ETH faces pressure near $3,280 amid market-wide consolidation; analysts monitor $3,000–$2,850 zone for potential rebound Ethereum (ETH) continued its recent pullback this week, slipping toward the $3,000 mark as selling pressure intensified across major cryptocurrencies. The second-largest digital asset by market capitalization was last seen trading near $3,286, down roughly 2.3% over the past 24 hours. The decline marks a notable test of Ethereum’s green support zone between $3,200 and $3,400, an area that previously acted as a springboard during July’s rally. Below this band lies a deeper orange support region between $2,850 and $3,000, considered by many traders as…

Onchain evidence points to a calculated, high-level exploit that drained $116 million from Balancer The $116 million exploit targeting Balancer, a leading decentralized exchange and automated market maker (AMM), appears to be the result of months of meticulous preparation by a highly skilled attacker, according to new onchain analysis. Data from Ethereum shows the exploiter used advanced funding and obfuscation techniques, including small 0.1 ETH deposits through Tornado Cash, to gradually build up their operational wallet without raising red flags. Grogan’s analysis revealed that the attacker may have held over 100 ETH within Tornado Cash contracts, suggesting prior illicit activity…

Market braces for decisive move as both BTC and ETH test major technical zones Bitcoin is testing a critical support level near $100,000, while Ethereum has also reached a crucial demand zone around $3,400, according to new technical readings. The latest market data suggests a potential inflection point that could define the next major move in crypto markets as investors react to heightened volatility and macro uncertainty. At press time, Bitcoin (BTC/USDT) traded near $100,990, down over 5% in the past 24 hours. The recent decline has pushed BTC to retest the October lows, as seen in the daily chart,…

The Solana-focused corporate treasury initiates a massive repurchase plan amid volatile crypto equity markets Forward Industries, a digital asset–focused firm that has quietly become one of the largest corporate holders of Solana (SOL), has authorized a $1 billion share repurchase program, marking one of the most aggressive buyback moves by a company tied to the crypto sector. Despite the buyback announcement, Forward’s stock plunged nearly 20% on Tuesday, reflecting broader weakness among crypto-linked equities. Investors appear cautious as digital asset treasuries face increased volatility and questions around valuation sustainability. The authorization, announced Monday, allows the firm to buy back shares…