Company eyes 1-gigawatt data center campus, calling Bitcoin “a means to an end” October 30, 2025 — Riot Platforms, one of the largest Bitcoin mining firms in the United States, signaled a major strategic pivot this week, declaring that Bitcoin is no longer the “end goal” of its business model. Instead, the company plans to leverage its massive power portfolio to build out large-scale artificial intelligence (AI) data centers. During the firm’s Q3 earnings call, Riot’s vice president of investor relations Josh Kane emphasized that the company’s evolution is centered on “monetizing megawatts, not just mining coins.” He explained that…
Author: Blockto Team
Solana (SOL) dips toward a critical demand region after sharp sell-off; traders eye structural support near $175–$185 for potential stabilization. Introduction: Solana Corrects as Market Cools Solana experienced a 4% decline today, continuing a short-term retracement as crypto markets cooled following heightened volatility across major assets. The move pushed SOL back toward a critical support range between $175 and $185, a zone that has repeatedly served as a demand base throughout recent price cycles. The decline follows a sharp reaction to risk-off flows across global markets, with traders rotating into defensive positions after a week of mixed macroeconomic signals. Solana…
The $31 billion payment giant aims to make international transactions faster and cheaper, starting with corporate clients like Uber before expanding to consumer remittances. Africa’s largest fintech company, Flutterwave, has partnered with Polygon Labs to launch a blockchain-powered cross-border payment system designed to reduce transaction costs and settlement times across more than 30 African countries. The collaboration will embed Polygon’s (POL) blockchain network as the technological backbone for Flutterwave’s new stablecoin-based payment infrastructure. According to the companies, this marks one of the largest real-world stablecoin deployments in emerging markets to date. “Businesses in emerging economies process billions in cross-border payments…
Binance Coin (BNB) dipped below a crucial technical level following the Federal Reserve’s rate cut, with traders evaluating whether bulls can defend the $1,050–$1,100 zone. Binance Coin (BNB) slipped sharply after the latest Federal Reserve policy update, breaking beneath a previously defended support zone as macro-driven volatility swept across digital assets. The move followed a 25-basis-point rate cut and cautious remarks from Fed Chair Jerome Powell, triggering widespread risk-asset pullbacks and over $1.1 billion in liquidation events across the crypto market in the past 24 hours. BNB Technical Analysis and Market ReactionBNB fell toward $1,077, sliding below a key short-term…
Japan’s financial watchdog is reviewing major reforms that could let banks hold Bitcoin and run licensed crypto exchanges. Bybit, one of the world’s largest cryptocurrency exchanges, has temporarily halted new user registrations in Japan starting October 31, 2025, as the company adapts to new digital asset regulations under review by the Financial Services Agency (FSA). In a statement, the exchange said the pause is part of its “proactive approach” to comply with Japan’s evolving crypto framework, reaffirming its commitment to responsible operations within local laws. Existing users in Japan will not be affected, and all trading and withdrawal functions will…
Digital assets retreat amid risk-off sentiment and technical weakness Crypto markets lost momentum on Thursday as Bitcoin dropped below $108,000 and Ethereum slipped under $3,750, signaling renewed selling pressure after a month of subdued optimism. The pullback has cast doubt on expectations for a strong “Uptober,” a historically bullish period for digital assets. After briefly touching $111,500 earlier this week, Bitcoin failed to hold above a key resistance zone near $115,000–$117,000, as shown on the charts. The coin has now fallen back toward a critical support area between $106,000 and $107,000, marked by a descending channel. A sustained break below…
The Bitcoin-focused firm faces a liquidity crunch after discounted private share placements flood the market, despite holding over $650 million in BTC reserves. Nakamoto Holdings, a U.S.-listed Bitcoin treasury and investment company, has seen its shares collapse by more than 98% from May highs, triggered by a wave of selling linked to its $563 million private investment in public equity (PIPE) transactions. Once valued as a promising Bitcoin-backed public firm, Nakamoto’s financing strategy backfired after large batches of discounted PIPE shares became eligible for resale in September. The sudden liquidity influx drove its share price from $25 to under $1,…
HBAR price analysis suggests potential continuation after breakout Hedera Hashgraph (HBAR) is showing renewed bullish strength following a breakout from a multi-week downtrend, with traders eyeing a possible move toward the $0.25 resistance zone if momentum sustains. The HBAR/USDT pair is trading around $0.204, facing a crucial resistance zone between $0.205 and $0.21, according to recent 4-hour chart data. The asset broke out of a descending wedge pattern, a setup often interpreted by technical analysts as an early sign of trend reversal. Over the past week, volume spikes have accompanied the upward move — a sign of growing participation and…
Thanks to scalability upgrades like Dencun and Pectra, Ethereum’s gas fees remain near a penny despite record network activity. Ethereum Network Activity Surges Ethereum is witnessing one of its busiest periods in months, with daily transactions surpassing 1.6 million — the highest level since early October’s market turbulence. Yet, in stark contrast to previous bull cycles, transaction fees remain near all-time lows, underscoring the network’s growing scalability and efficiency. According to blockchain analytics platform Milkroad, the average Ethereum gas fee currently hovers around 0.16 gwei, equivalent to roughly $0.01 per transaction. Token swaps cost about $0.15, while NFT sales average…
Elon Musk’s aerospace firm has now moved over $470 million worth of BTC this month, signaling a major upgrade of its crypto storage infrastructure. Elon Musk’s SpaceX has transferred another 281 BTC, worth roughly $31.3 million, to a new wallet on October 29, according to blockchain analytics firm Arkham. The move marks SpaceX’s fifth major Bitcoin transfer this month, pushing total October movements to 4,337 BTC — nearly $472 million at current prices. Analysts suggest the transfers are part of a custody reorganization, as the company consolidates its Bitcoin holdings and transitions from older address formats to modern SegWit and…