Author: Blockto Team

Blockchain-based prediction platform Polymarket is reportedly in early talks to raise funds at a staggering $12–$15 billion valuation, marking a potential 10x jump in just four months, according to Bloomberg. Massive Valuation Jump After $200M Round The new funding round comes after Peter Thiel’s Founders Fund led a $200 million investment in June, valuing the company at $1 billion. Earlier this month, Intercontinental Exchange (ICE) — parent company of the New York Stock Exchange — revealed plans to invest up to $2 billion in Polymarket at an $8 billion valuation, signaling continued institutional interest in prediction markets. Polymarket’s main competitor,…

Cathie Wood’s Ark Invest has continued its aggressive push into crypto-linked equities, purchasing $21.3 million worth of Robinhood Markets (HOOD) shares through two of its exchange-traded funds, according to a Wednesday disclosure. The Ark Innovation ETF (ARKK) bought 131,049 shares, while the Ark Next Generation Internet ETF added 36,440 shares of Robinhood. Combined, the purchases bring Robinhood’s weighting to about 19% across both ETFs as of Oct. 22, underscoring Ark’s growing conviction in the trading platform’s crypto expansion. Throughout 2025, Ark Invest has steadily increased exposure to crypto-related stocks, adding positions in Robinhood, Bullish, Coinbase, and ETH treasury firm BitMine.…

India’s oldest crypto exchange prepares to relaunch under a Singapore court-approved restructuring, offering zero trading fees to rebuild user trust. WazirX, once India’s largest cryptocurrency exchange, is set to resume operations on October 24, marking its official comeback after a year-long suspension caused by a $230 million security breach. The exchange’s return comes under a Singapore High Court-approved restructuring and will begin with a zero-fee trading offer to attract users back to the platform. WaziX Co-founder Nischal Shetty confirmed on X : A Year After the Breach, WazirX Rebuilds The 2024 security breach—one of the most devastating in India’s crypto history—froze user assets,…

Major mining firms increase borrowing to fund next-generation machines and expand into AI-driven data infrastructure amid rising capital demands. Debt among Bitcoin mining companies has surged dramatically from $2.1 billion to $12.7 billion in just one year, according to a recent report from VanEck. The sharp rise underscores the miners’ urgent push to maintain their share of the global hashrate, a key measure of network dominance and block reward generation. VanEck analysts Nathan Frankovitz and Matthew Sigel warned that miners unable to keep pace with technological upgrades risk losing profitability. “Without continued investment in the latest machines, a miner’s share…

The decentralized exchange cites lack of funds for audits and recovery efforts, while open-sourcing its code earns praise from developers. Decentralized exchange (DEX) Bunni has announced that it will cease operations following a devastating $8.4 million exploit in September. The shutdown makes Bunni the second major crypto project to fold this week, following the closure of the Kadena blockchain founding team amid worsening market conditions. Bunni DEX Forced to Shut Down After Exploit In an official post on X (formerly Twitter), the Bunni team confirmed that it would wind down operations due to an inability to fund crucial audits and…

The Tokyo-listed firm accelerates Ether accumulation, targeting a 100,000 ETH treasury amid growing institutional adoption in Asia. In a significant development for the digital asset industry, Quantum Solutions, a Tokyo Stock Exchange-listed company backed by ARK Invest, has officially become the largest Ether (ETH) digital asset treasury (DAT) outside the United States. The company has been on an aggressive accumulation drive, purchasing $9 million worth of Ether in just one week, signaling strong institutional confidence in Ethereum’s long-term value. Quantum Solutions’ founder Francis Zhou revealed that the company has accumulated 2,365 ETH within seven days, pushing its total holdings to…

Hedera Hashgraph (HBAR) faces renewed selling pressure as price breaks below critical support near $0.17, hinting at potential downside continuation. Hedera Hashgraph’s native token, HBAR, extended its decline on Wednesday, dropping 5.4% to $0.1695 as traders failed to defend a crucial support zone. The move comes amid persistent market uncertainty and declining investor sentiment across the altcoin sector, leading to accelerated technical weakness in the asset’s structure. The daily chart reveals a decisive break below the $0.17–$0.18 support band, an area that previously served as a consolidation base in late September. Despite an initial attempt at an intraday rebound, sellers…

BTC pushes past critical resistance near $110,000, signaling renewed bullish momentum and potential continuation of the long-term uptrend. Bitcoin surged above $110,000 on Wednesday, marking a decisive technical breakout that could define the next leg of the ongoing market cycle. The move comes after several weeks of consolidation between $102,000 and $108,000, as traders anticipated a breakout from the tightening range. The daily chart highlights Bitcoin’s successful push through the $108,000–$110,000 resistance zone, an area that previously capped multiple rally attempts over the past two months. The breakout was accompanied by a modest uptick in trading volume, suggesting growing confidence…

Tesla has quietly secured an $80 million profit from its Bitcoin holdings in the third quarter of 2025, marking a renewed financial lift from the company’s long-term crypto investment strategy. The gain came despite Tesla making no new Bitcoin purchases or sales during the quarter, highlighting how the digital asset’s market appreciation continues to impact the automaker’s bottom line. Bitcoin Gains Strengthen Tesla’s Financial Position According to the company’s latest quarterly filing, Tesla maintained its 11,509 BTC holdings, which were valued at $1.315 billion as of Sept. 30, compared to $1.235 billion three months earlier. The appreciation in Bitcoin’s market…

Analysts highlight leverage risks and historical support levels as Bitcoin tests critical moving averages. Bitcoin may be approaching the end of its corrective phase, with several crypto analysts warning of a potential dip to the $104,000 level before the broader bull market resumes. The forecast centers on the 50-week simple moving average (SMA) — a long-term technical indicator currently hovering near $102,500, which has historically acted as a reliable floor for Bitcoin’s price cycles. Key Support at the 50-Week Moving Average According to data from TradingView, Bitcoin has tested this support zone four times since mid-2023, each marking the end…