Banco de Crédito del Perú introduces Cryptococos, a pilot program authorized by Peru’s financial regulator, allowing clients to securely buy and hold Bitcoin and USDC under BitGo’s custody. Peru has taken a historic step toward financial innovation as Banco de Crédito del Perú (BCP) becomes the first regulated Peruvian bank to offer access to digital assets. The country’s largest financial institution, managing over $52 billion in assets, has unveiled a pilot crypto platform named Cryptococos, authorized by the national banking regulator. The project allows select clients to buy and hold Bitcoin (BTC) and USDC, marking a regulated entry of traditional…
Author: Blockto Team
The blockchain infrastructure firm strengthens its position as the largest institutional holder of ETH amid growing corporate adoption. BitMine Immersion Technologies (BMNR) has reportedly added 23,823 ETH, valued at approximately $103.7 million, to its corporate Ethereum treasury this week, according to on-chain data analyzed by Lookonchain. The purchase reinforces the company’s long-term accumulation strategy and solidifies its standing as the largest corporate holder of Ethereum globally. Blockchain tracking platforms indicate that the ETH transfer originated from a BitGo-linked wallet, moving to the address beginning with 0xF8c…338E7. While BitMine has yet to publicly confirm the transaction, several analytics firms have verified…
LINK retreats from resistance as traders eye key support near $20 amid rising market volatility. Chainlink’s (LINK) token slipped around 4% in the last 24 hours, pulling back to nearly $22.44 as traders booked profits following a strong multi-week rally. The decline comes amid heightened trading volume and visible resistance near the $24 zone, suggesting the asset is encountering increased selling pressure. According to the daily chart, LINK recently rejected the upper resistance band between $26 and $30, highlighted in red. The token has since retraced toward its $20–$21 support region, a zone that previously acted as a breakout level…
Beijing’s new restrictions on rare earth exports heighten geopolitical tension and threaten to disrupt global technology supply chains. China has introduced a fresh wave of export controls on rare earth materials, tightening its grip on a sector critical to global manufacturing and advanced technology. The move, announced Thursday by the Ministry of Commerce, is expected to ripple across supply chains tied to semiconductors, artificial intelligence, and defense industries. “China just weaponized rare earths again — but this time globally,” said Velina Tchakarova, a geopolitical strategist. “The new rules effectively give Beijing a veto over parts of the global chip, EV,…
Technical indicators show renewed weakness as FIL struggles to reclaim the $2.40 zone amid bearish momentum. Filecoin (FIL) faced renewed selling pressure on Thursday, falling nearly 7% intraday as traders reacted to resistance rejections near the $2.40–$2.50 level. The asset currently trades around $2.36, showing signs of consolidation after failing to sustain short-term upside momentum. The 4-hour chart shows that FIL has been locked in a sideways channel since early September, following a sharp recovery from the $2.10 support zone — a level highlighted in green on the chart as a strong accumulation area. Technical data suggests that buyers have…
Aggressive support for Solana-based corporate treasuries sparks ecosystem growth — and concerns about valuation pressure. The Solana Foundation is rapidly expanding its influence in the digital asset space through discounted SOL token deals that have helped multiple companies build Solana-based digital asset treasuries (DATs). This surge in activity has bolstered the ecosystem’s visibility but also sparked debate about market sustainability and valuation risk. In recent months, the Switzerland-based nonprofit has entered several agreements offering discounted sales of SOL, incentivizing public companies to accumulate and hold Solana. This strategy has fueled a wave of newly listed Solana treasuries, with more than…
Mark Newton forecasts a short-term bottom around $4,200 before Ethereum resumes its uptrend amid institutional accumulation. Ethereum (ETH) could be nearing the end of its current correction, with a potential rebound toward $5,500, according to Mark Newton, managing director at Fundstrat Global Advisors. The veteran strategist believes the recent weakness represents a healthy “three-wave pullback” that may conclude within days. “I do not make much of the crypto weakness in recent days and expect ETH likely bottoms out over the next 1–2 days before heading back higher,” Newton said in a note shared by Tom Lee, Fundstrat adviser and BitMine…
AI-focused blockchain project Phala votes to move entirely to Ethereum, citing scalability, liquidity, and enterprise compute growth. The AI-powered Polkadot parachain Phala Network has voted to fully migrate its operations to an Ethereum Layer 2 (L2), marking a significant turning point for one of Web3’s earliest decentralized compute networks. The community-backed proposal aims to position Phala as a leading player in confidential AI and GPU-based computation within the Ethereum ecosystem. “Proposal Passed: Phala is Migrating to Ethereum L2!” the project announced on X, calling it the next step toward “greater scalability and enterprise-grade security.” The official governance vote, which passed…
Institutional investors increasingly hedge against a weakening dollar, embracing the “debasement trade” as monetary expansion accelerates. Traditional finance institutions are increasingly aligning with what many in the crypto and commodities sectors have long understood — the “debasement trade” is real, and it’s reshaping global investment strategies. As the US dollar weakens and inflation persists, investors are moving toward Bitcoin and gold as stores of value in an era of aggressive monetary expansion. Entrepreneur Anthony Pompliano described the growing institutional realization in a recent podcast, stating that “no one is ever going to stop printing money.” He added, “This now feels…
Telegram founder cautions against rising surveillance and digital ID programs as global privacy protections erode. Telegram CEO Pavel Durov has issued a stark warning that the “free internet” is on the verge of extinction, citing growing state control, surveillance initiatives, and restrictive digital regulations across democratic nations. “I’m turning 41, but I don’t feel like celebrating,” Durov said in a post on X on Thursday. “Our generation is running out of time to save the free internet built for us by our fathers.” He described a world where “once-free countries are introducing dystopian measures”, referencing the EU’s Chat Control proposal,…