Convertible Note Deals Trigger Market Reaction Crypto-linked stocks IREN and NAKA faced selling pressure following announcements of multimillion-dollar convertible note deals aimed at strengthening corporate finances. The move comes at a time when venture capital funding in the digital asset sector has seen a notable slowdown. IREN (IREN), a Bitcoin mining firm, announced an $875 million convertible senior note offering, leading to a 4.9% drop in after-hours trading to $58.66, despite closing the regular session up 6.81%. Similarly, Kindly MD (NAKA) — a healthcare firm that merged with Bitcoin company Nakamoto — saw its stock decline 2.83% in after-hours following…
Author: Blockto Team
Ethereum Mirrors Small-Cap Stocks in Rare Correlation Ethereum is showing an “almost spooky” correlation with U.S. small-cap equities, specifically the Russell 2000 Index, according to analysts at Milk Road Macro. The two assets have been moving in near lockstep — and both appear poised for a breakout as markets price in a series of Federal Reserve rate cuts. At the time of writing, Ethereum (ETH) trades near $4,430, down 6% on the day but holding above a key support level around $4,400. Analysts say this zone could serve as the launchpad for the next leg higher, particularly if monetary policy…
Solana Records Explosive $2.85B Annual Revenue The Solana blockchain has generated a remarkable $2.85 billion in annual revenue, significantly outpacing Ethereum’s early growth, according to a new analysis by 21Shares. The report highlights Solana’s broad adoption across DeFi, AI, trading platforms, and tokenized applications, marking a turning point for the network’s rise in institutional and retail finance. Between October 2024 and September 2025, Solana recorded an average of $240 million in monthly revenue, peaking at $616 million in January during the memecoin trading boom led by tokens like Official Trump (TRUMP). Even after the frenzy subsided, Solana maintained steady monthly…
FIL struggles to hold key support after failing to reclaim the $2.40 resistance zone Filecoin (FIL) is under renewed selling pressure, falling by nearly 4% in the past 24 hours as traders react to a technical rejection near the $2.40 resistance zone. The move extends a week-long decline that has pushed the token below multiple short-term support levels, signaling continued weakness in market momentum. On the daily FIL/USDT chart, the token recently failed to break through the gray and red resistance zones between $2.40 and $2.80, which have acted as strong supply areas since mid-August. The rejection came on rising…
Data-Based Forecast Suggests Bitcoin Could Surpass $140,000 According to a series of data-driven simulations by economist Timothy Peterson, Bitcoin (BTC) has a 50% probability of finishing October 2025 above $140,000. The model — built on a decade of historical price data — suggests the world’s largest cryptocurrency could reach new highs this month if its typical October performance pattern continues. Bitcoin is currently priced around $122,000, following a slight correction after setting a fresh all-time high of $126,200 earlier this week. To hit the $140,000 mark, Bitcoin would need a 14–15% gain from its present level. Simulations Based on Real…
New Benchmark Bridges Traditional Finance and Digital Assets S&P Global has unveiled the Digital Markets 50 Index, a new benchmark that tracks the combined performance of leading cryptocurrencies and blockchain-related equities — marking a major milestone in the integration of digital assets into mainstream finance. The index, created in partnership with tokenization firm Dinari, will include 15 cryptocurrencies with a market capitalization of at least $300 million and 35 publicly traded blockchain companies valued above $100 million. “The growth of the digital asset ecosystem has moved crypto from the margins into a more established role in global markets,” said Cameron…
Regulatory Milestone Strengthens BitGo’s Global Expansion BitGo, a leading digital asset infrastructure provider, has obtained a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority (VARA) — a move that expands the firm’s institutional services across the Middle East and North Africa (MENA) region. The approval allows BitGo MENA to provide regulated digital asset trading and intermediation services to institutional clients within Dubai’s growing virtual asset ecosystem. “This approval allows us to serve institutional clients with greater scale, confidence, and integrity, while underscoring Dubai’s accelerating digital asset momentum,” said Ben Choy, General Manager of BitGo MENA. The license approval marks another…
Bitcoin Giant Closes in on Tech Titans’ Balance Sheets Strategy’s Bitcoin holdings have surged to nearly $80 billion, putting the company’s treasury on par with the cash reserves of global tech leaders like Amazon, Google, and Microsoft. The firm’s accumulation of 640,031 Bitcoin (BTC) — purchased at an average price of $73,981 per coin — has positioned it among the largest corporate balance sheets in the world. As Bitcoin briefly touched an all-time high of $126,080 this week, Strategy’s Bitcoin stash topped $80 billion, edging closer to Amazon’s $97 billion and Google’s $95 billion in cash or cash equivalents. “Our…
Spot ETFs for Litecoin and Hedera Near Final Approval Asset manager Canary Capital appears to be on the brink of launching its long-awaited Litecoin (LTC) and Hedera (HBAR) spot exchange-traded funds (ETFs) after completing key filing updates with the U.S. Securities and Exchange Commission (SEC). According to analysts, the filings now include final details such as a 0.95% management fee and official ticker symbols — LTCC for Litecoin and HBR for Hedera. ETF expert Eric Balchunas commented that these updates are “typically the last thing before go-time,” indicating that approval could come shortly after government operations resume. However, the ongoing…
Key Crypto Assets Show Short-Term Weakness Despite Strong Yearly Gains After a powerful surge above recent resistance levels, Bitcoin (BTC) and Ethereum (ETH) faced renewed selling pressure over the weekend, pulling back to key technical zones. As of October 7, Bitcoin trades near $120,800, down over 3% in 24 hours, while Ethereum slipped to around $4,460, marking a sharp retracement from its recent high near $4,800. The correction comes after both assets reached significant overbought levels and met strong supply zones identified by traders. Analysts suggest the recent decline may be part of a broader market consolidation phase before the…