Elon Musk’s latest social media post featuring his pet Shiba Inu, Floki, set off a 29% price surge in the Floki memecoin, once again highlighting the Tesla and SpaceX CEO’s outsized influence over speculative crypto assets. Floki Memecoin Surges After Musk’s X Post On Monday, Musk shared a playful video on his platform X showing his dog “Floki” dressed in a tie and glasses, sitting behind a desk and humorously declaring, “Numbers, numbers, numbers… Is this working? Yay.” Shortly after the post, Floki (FLOKI) jumped from $0.00006572 to $0.00008469 — a rise of nearly 28.8%, according to CoinGecko. At press…
Author: Blockto Team
Crypto funds’ inflow streak ended abruptly as BTC outflows outweighed ETH and altcoin gains, reflecting a split sentiment between cautious onchain investors and resilient institutional ETP traders. Cryptocurrency investment funds have hit a setback, ending their two-week inflow streak as investors reacted to crypto’s recent “Black Friday” market crash. According to CoinShares, digital asset investment products recorded $513 million in outflows last week, breaking a two-week streak that brought in over $9.1 billion. The reversal follows the “Binance liquidity cascade” on Oct. 10, which triggered panic across the spot market. ETP Traders Remain Calm — Onchain Investors Turn Bearish Despite…
Tech visionary argues Bitcoin stands apart from the broader crypto industry, citing its monetary foundation and payment potential Jack Dorsey, the creator of Twitter and CEO of Block, has once again stirred the digital asset community by asserting that “Bitcoin is not crypto.” The statement, posted on X, quickly went viral, drawing thousands of responses and reigniting old debates about Bitcoin’s true identity. Dorsey’s comments echo his long-standing stance that Bitcoin represents digital money, not just another cryptocurrency. While critics referenced Satoshi Nakamoto’s early writings describing Bitcoin as a “peer-to-peer cryptocurrency,” Dorsey pointed out that the Bitcoin white paper never…
Michael Saylor’s Bitcoin powerhouse, Strategy (formerly MicroStrategy), continues its steady march toward owning 700,000 BTC — despite ongoing crypto market turbulence following the October crash. Strategy Adds 168 BTC Amid Market Weakness Last week, Strategy purchased 168 Bitcoin (BTC) for approximately $18.8 million, according to data the company shared on X (formerly Twitter) on Monday. The buy was made at an average price of $112,051 per BTC, even as Bitcoin briefly fell below $104,000 during the post-crash volatility on Oct. 10, based on Coinbase data. This latest purchase brings Strategy’s total holdings to 640,418 BTC, valued at around $71 billion…
The iShares Bitcoin ETP debuts on the London Stock Exchange, signaling renewed institutional confidence after the FCA’s policy shift. BlackRock has launched its long-anticipated iShares Bitcoin Exchange-Traded Product (ETP) on the London Stock Exchange, marking a significant milestone for the United Kingdom’s crypto investment landscape. The launch follows the Financial Conduct Authority’s (FCA) decision to relax restrictions on crypto-linked investment vehicles earlier this month. According to the listing data published Monday, the iShares Bitcoin ETP enables investors to buy fractional units of Bitcoin starting at approximately $11, offering exposure to the cryptocurrency through a regulated financial framework. Unlike direct crypto…
Chainlink (LINK) rebounds sharply from multi-week lows as large investors scoop up millions in tokens, signaling renewed confidence in the network’s fundamentals. Chainlink (LINK) has staged an impressive comeback, rising 14% in the past 24 hours after large holders accumulated over $116 million worth of LINK tokens during last week’s crash. The surge highlights growing optimism among institutional and whale investors who appear to be buying the dip amid broader crypto volatility. Technical charts show LINKUSD rebounding from a strong support zone between $16 and $17, marked in orange, where price previously consolidated before the August breakout. The sharp bounce…
Developer warns of potential value misalignment as venture capital influence rises A prominent Ethereum developer has raised alarms over what he calls the growing corporate influence within the Ethereum ecosystem, suggesting it could undermine the network’s founding principles of decentralization. Federico Carrone, a core Ethereum developer known as “Fede’s intern” on X, said that venture capital firm Paradigm’s increasing role poses a potential “tail risk” to Ethereum’s long-term vision. Carrone acknowledged that Paradigm has contributed valuable tools and research, including open-source libraries and developer support, but cautioned that its growing control could lead to a misalignment between community-driven and profit-driven…
The firm’s latest Bitcoin acquisition adds 168 BTC as it continues an aggressive multi-year accumulation plan. Bitcoin holding company Strategy has expanded its treasury again, purchasing an additional 168 BTC for approximately $18.8 million between October 13 and October 19, according to a new SEC filing. The acquisition was made at an average price of $112,051 per bitcoin, pushing the firm’s total holdings to 640,418 BTC — now valued at roughly $71.1 billion. “The most important orange dot is always the next,” said Michael Saylor, Strategy’s executive chairman, hinting at the company’s ongoing accumulation approach. The company’s Bitcoin stash now…
The second major AWS disruption this year highlights the risks of centralized cloud infrastructure for financial services. A widespread Amazon Web Services (AWS) outage temporarily knocked Coinbase’s mobile app offline and disrupted Robinhood’s trading systems on Monday, reigniting concerns over the financial sector’s dependence on centralized cloud providers. According to AWS service health reports, the issue originated from its Northern Virginia (US-EAST-1) region, where multiple services experienced “increased error rates and latency.” The incident caused Coinbase users to face login failures, delayed transactions, and withdrawal issues, while the platform’s Base network also saw partial disruptions. “We’re seeing early signs of…
Analysts warn that Bitcoin’s next breakout depends on old holders completing their profit-taking phase The next major Bitcoin rally could begin only after long-term holders — often referred to as “OGs” — finish selling their holdings, according to several onchain analysts. Analyst James Check said over the weekend that the market’s recent stagnation isn’t due to manipulation or institutional pressure but rather “good old-fashioned selling” from long-term investors cashing out after years of accumulation. Onchain data shows that the average age of spent coins has risen, meaning that older coins are re-entering circulation as experienced holders take profits. Realized profit…