Senator Charles Schwertner says Ethereum may soon qualify as Texas expands its Bitcoin reserve Texas could soon diversify its state-backed cryptocurrency holdings beyond Bitcoin, according to state Senator Charles Schwertner, author of the bill that established the Texas Strategic Bitcoin Reserve earlier this year. Speaking on Thursday, Schwertner said Ether (ETH) could be the next digital asset added to the fund if it maintains its market capitalization above the required threshold. Bitcoin First, but Not the Last Texas Governor Greg Abbott signed the Bitcoin reserve bill into law in June, allowing the state to hold digital assets in a “special…
Author: Blockto Team
BTC’s market control eases as capital rotation hints at renewed interest in major altcoins Bitcoin’s dominance in the cryptocurrency market has slipped from 63% to around 60%, signaling a potential shift in market sentiment as traders begin reallocating capital toward altcoins after weeks of Bitcoin-led momentum. After rallying sharply through early October, BTC dominance reached resistance near the 63% zone, aligning with a historical supply region that has repeatedly capped Bitcoin’s market share since 2021. Technical charts show a rejection from that key resistance, leading to a mild correction while still maintaining a long-term uptrend structure. “This pullback is natural…
Chair Paul Atkins moves swiftly to safeguard digital asset reforms ahead of potential policy reversals The U.S. Securities and Exchange Commission (SEC) under Chair Paul Atkins is racing to cement a long-term regulatory framework for digital assets — a move insiders describe as an attempt to “future-proof” the agency’s pro-innovation agenda before another political transition in Washington. Speaking at a Managed Funds Association event in New York, Atkins outlined his plan to remove or modify existing restrictions across public and private markets, including policies that directly affect cryptocurrency and tokenized securities. Balancing SEC and CFTC Oversight Atkins also emphasized the…
The investment will support Galaxy’s Helios data center expansion as the firm pivots deeper into high-performance computing. By Krisztian Sandor | Edited by Aoyon Ashraf | Oct. 11, 2025 Galaxy Digital (GLXY) announced Friday it has secured a $460 million private investment from one of the world’s largest asset managers, a move that will strengthen the company’s balance sheet and accelerate its transformation into a leader in AI and high-performance computing (HPC) infrastructure. The deal involves the sale of roughly 13 million shares — including 9,027,778 new Class A shares issued by Galaxy and 3,750,000 shares sold by executives, among…
Trade tensions spark one of the largest crypto liquidations in history as investor confidence falters Global cryptocurrency markets plunged following a dramatic escalation in trade tensions between the United States and China, with over $16 billion in leveraged long positions wiped out in less than 24 hours. The sell-off followed a statement from President Trump threatening a 100% tariff on Chinese imports, igniting widespread panic across global markets and fueling a sharp downturn in digital assets. The shockwave sent Bitcoin briefly below $110,000, while Ether dropped to $3,844, extending the week’s losses and triggering mass liquidations across major exchanges. Market…
Blockchain, AI Drive Institutional Investment Shift Despite DeFi Skepticism Institutional investors are significantly expanding exposure to digital assets, with average allocations expected to more than double from 7% today to 16% by 2028, according to a new global survey conducted by State Street in collaboration with Oxford Economics. The findings highlight a broader institutional push into blockchain and artificial intelligence (AI) — two technologies now seen as foundational to long-term digital transformation strategies. However, many investors remain divided on whether decentralized finance (DeFi) can fully integrate with or replace traditional financial systems. Digital Assets Gain Momentum Across Portfolios The study…
Economist Predicts Sharp Recovery Following Rare October Drop Bitcoin’s recent decline could be short-lived, as historical data suggests the world’s largest cryptocurrency may rebound up to 21% within a week, according to a market economist. “Drops of more than 5% in October are exceedingly rare,” explained economist Timothy Peterson in a recent market post. “This has only happened four times in the past decade — and each time, Bitcoin recovered quickly.” Peterson pointed out that similar drawdowns occurred in October 2017, 2018, 2019, and 2021. In those instances, Bitcoin rebounded by 16%, 4%, and 21%, respectively, while 2021 marked the…
Traders eye key support zones as Ethereum loses bullish momentum amid broader crypto correction Ethereum (ETH) fell sharply on Friday, touching $3,400 before stabilizing above $3,800, as the broader cryptocurrency market faced renewed selling pressure. The sudden drop, which followed a week of heightened volatility, reflects shifting investor sentiment and profit-taking near key resistance zones after Ethereum’s months-long rally. Ethereum’s daily chart shows a decisive rejection from the $4,900 resistance level, with sellers regaining control after repeated attempts to push prices higher. The decline brought ETH back into the green support region between $3,700 and $3,400, an area that has…
Market faces sharp liquidation wave amid renewed geopolitical and macroeconomic uncertainty Bitcoin (BTC) plunged sharply early Friday, briefly touching $105,000 before rebounding above $113,000, in what analysts describe as a “flash crash fueled by aggressive liquidations and macro-driven panic.” The move erased nearly $7 billion in crypto positions within hours, highlighting the growing volatility as global markets brace for renewed U.S.-China trade tensions. Data from the BTC/USD daily chart shows that Bitcoin fell from a local high near $124,000 before finding strong demand around the green support zone between $105,000 and $108,000. The rapid recovery that followed suggests algorithmic buying…
ETH tests key support amid renewed selling pressure and profit-taking near resistance Ethereum (ETH) has fallen sharply, sliding to the $4,000 region after a volatile week that saw the world’s second-largest cryptocurrency lose over 7% in 24 hours. The decline comes as traders lock in profits near recent highs, while technical indicators signal a cooling phase after months of strong momentum. According to daily chart data, Ethereum is retesting the major support zone between $4,000 and $4,150, highlighted by the green area. This level coincides with a prior breakout region that fueled the last upward surge toward $4,969, the most…