Crunch Lab, the core contributor behind CrunchDAO, has raised $5 million in a strategic funding round aimed at expanding its decentralized artificial intelligence predictions network. The platform has already demonstrated real-world impact, contributing to cancer gene research breakthroughs at the Broad Institute of MIT and Harvard. The fresh capital, which brings Crunch Lab’s total funding to $10 million, will be used to develop what the company calls an “institutional intelligence layer” — a decentralized infrastructure designed to enhance enterprise decision-making through AI-driven predictions. The funding round, completed in June, was co-led by Galaxy Ventures and Road Capital, with participation from…
Author: Blockto Team
Ethereum’s growing appeal among institutional investors and corporate treasuries has reached a new milestone. According to data from StrategicETHReserve, a total of 12.48 million ETH — equal to 10.31% of the cryptocurrency’s circulating supply — is now held by Ethereum treasury firms and spot exchange-traded funds (ETFs) combined. This marks one of the most significant consolidations of Ethereum holdings in institutional hands, reflecting rising confidence in ETH as both a yield-generating and long-term store-of-value asset. Breakdown of Institutional Holdings Of the total 12.48 million ETH accumulated, treasury companies collectively hold about 5.66 million ETH (4.68% of supply), while spot Ethereum…
Fasset, a Dubai-headquartered fintech firm, has received provisional approval from Malaysia’s Labuan Financial Services Authority (FSA) to establish what it calls the world’s first stablecoin-powered “Islamic digital bank.” The new platform will operate within Labuan’s regulated financial sandbox, providing Shariah-compliant banking services that integrate blockchain innovation with ethical Islamic finance principles. “We can now combine the credibility of a global banking institution with the innovation of a fintech insurgent that’s fully halal,” said Mohammad Raafi Hossain, CEO of Fasset. Shariah-Compliant Digital Finance Through Stablecoins Islamic finance follows Shariah law, which prohibits interest-based lending (riba), excessive uncertainty (gharar), and investment in…
Price Holds Firm Above $2.99 as Market Awaits ETF and Rate Clarity XRP (XRP/USDT) is showing renewed strength as bulls defend the $2.99 support level, signaling growing conviction that a potential breakout toward $3.10 could be on the horizon. After weeks of sideways trading, the asset is consolidating in a narrow range between $2.99 and $3.05, while traders brace for upcoming macro and ETF-related developments. The recent repeated defense of the $2.99 floor has been a critical factor supporting XRP’s current structure. The price has rebounded multiple times from this zone, forming a tight consolidation band just below the $3.05…
Gold’s Rally Sparks Bitcoin Price Comparisons The recent gold rally to nearly $4,000 per ounce has reignited debate among financial analysts about Bitcoin’s long-term valuation. According to VanEck’s head of digital asset research, Matthew Sigel, the surge in gold’s price implies a potential $644,000 value per Bitcoin if the cryptocurrency reaches half of gold’s market capitalization after its next halving cycle. Bitcoin Valued at Half of Gold’s Market Cap Gold futures reached a record high above $4,000, as investors sought traditional safe-haven assets amid global economic and political uncertainty. Sigel noted that if Bitcoin captures even half of gold’s total…
Dogecoin’s technicals hint at renewed strength after weeks of consolidation Dogecoin (DOGE) recorded a 6% intraday surge, signaling a potential shift in sentiment as traders positioned for a possible breakout above a key resistance area. The meme-inspired cryptocurrency, which has remained relatively quiet in recent weeks, is now showing signs of life as buying pressure builds near critical support zones. According to the daily chart, DOGE has been trading within a broad horizontal range since mid-June after retracing from its previous highs. The token has now bounced off the $0.0020 support zone, highlighted by strong accumulation volumes, and is currently…
Prolonged Deadlock Halts Federal Operations The US government shutdown has entered its second week, with no agreement yet reached between Republican and Democratic lawmakers to restore federal funding. Thousands of federal employees remain furloughed or working without pay, while key financial agencies — including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) — continue to operate with restricted staff and limited capacity. On prediction platforms such as Kalshi and Polymarket, users are betting that the shutdown could last beyond 15 days, though it is unlikely to surpass the 35-day record set during Donald Trump’s previous…
Binance Coin (BNB) continues to surge, trading near its all-time high of $1,253 as bullish momentum builds. The upward movement follows a series of breakout patterns and growing optimism surrounding Binance’s expansion in the crypto ecosystem. BNB’s price action has been one of the strongest in the recent bull trend. The daily chart shows a consistent pattern of higher highs and higher lows, with the latest breakout from the $920 resistance zone confirming the continuation of a strong bullish wave. After weeks of steady gains, BNB has now consolidated above $1,200, showing no clear signs of reversal despite minor intraday…
India is preparing to launch its Reserve Bank of India (RBI)-backed digital currency, a move that marks a major milestone in the country’s financial innovation journey. The new currency, announced by Union Minister of Commerce and Industry Piyush Goyal, will be fully supported by the RBI and designed to offer seamless, fast, and secure transactions using blockchain technology. RBI-Backed Digital Currency for Safer Transactions According to Goyal, the upcoming central bank digital currency (CBDC) will operate much like the physical rupee but in a digitized and traceable form. He highlighted that “India will soon introduce a digital currency backed by…
Hedera Hashgraph’s native token breaks key resistance as buyers return to the market Hedera Hashgraph (HBAR) saw a notable 3% gain in the past 24 hours, signaling renewed bullish momentum as the token rebounded from its ascending trendline support. The move comes amid a broader phase of market uncertainty, with traders closely monitoring whether the asset can sustain momentum above critical levels. On the daily chart, HBAR has been trading within a rising channel since July, after successfully breaking out from a prolonged descending pattern that lasted through the first half of 2025. The token recently bounced from the $0.21–$0.22…