Nasdaq-listed firm trades equity for 7,500 BTC, sparking dilution fears GD Culture Group (NASDAQ: GDC) shares tumbled 28% on Tuesday, closing at $6.99, after the livestreaming and e-commerce company announced a deal to acquire 7,500 Bitcoin valued at roughly $875.4 million from Pallas Capital Holding. The company said it would issue nearly 39.2 million common shares to complete the transaction, a move that will significantly dilute existing shareholder ownership. Despite a brief after-hours rebound of 3.7%, the decline marked GD Culture’s largest single-day drop in over a year. Building a Bitcoin treasury The acquisition makes GD Culture the 14th largest…
Author: Blockto Team
BTC pushes higher but faces heavy resistance near $117K zone Bitcoin (BTC) has staged a strong recovery, climbing to the $116,000 level after breaking out of a prolonged downward channel. The move reflects renewed buying momentum, but technical signals suggest bulls are now facing key resistance near $117,000–$118,000. After weeks of consolidation, Bitcoin decisively broke above its descending channel, a structure that had capped rallies since late July. The breakout was confirmed as BTC reclaimed the $114,000 support zone, which has now flipped from resistance. At the time of writing, BTC is trading around $116,250, testing the upper supply region…
Key support and resistance levels suggest possible pullback before next breakout The Solana (SOL) price has surged nearly 27% in the past week, climbing to around $236 and testing a major resistance zone near $240–$250. This marks the token’s highest level since early 2025 and reflects growing investor interest amid broader crypto market strength. The daily chart shows Solana breaking out from a descending channel pattern, with momentum carrying the asset past previous resistance levels at $190 and $210. Trading volume has also remained elevated, signaling strong participation from both retail and institutional players. Currently, $236–$250 acts as a critical…
The United Kingdom is preparing to deepen its cooperation with the United States on cryptocurrency policy, signaling a potential shift toward a more crypto-friendly regulatory stance. According to reports, British officials are seeking to align with the Trump administration’s pro-crypto approach to encourage innovation and attract global investment. High-Level Talks Between UK and US Officials UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent held discussions on Tuesday focused on digital assets regulation. The talks included executives from leading crypto firms — Coinbase, Circle, Ripple — as well as major banks such as Bank of America, Barclays, and Citi.…
Bitwise Asset Management has filed an application with the US Securities and Exchange Commission (SEC) to launch its latest product — the Stablecoin & Tokenization ETF. The proposed fund is designed to give investors direct exposure to two of the fastest-growing sectors in crypto: stablecoins and tokenized real-world assets (RWAs). Structure of the Proposed ETF According to the filing, the ETF will track an index split into two sleeves: The index will undergo quarterly rebalancing to reflect changing market conditions and innovation in the sector. Stablecoins and Tokenization: A Booming Market Stablecoins have become one of the most important narratives…
Binance Coin rallies on strong momentum while support zones remain firm Binance Coin (BNB) is extending its rally, trading near $934 after a steady climb that has pushed the token to retest its key resistance around $930–$950. The strong recovery, supported by rising trading volume, has positioned BNB among the best-performing large-cap tokens this month. The chart highlights a series of well-defined support zones that have guided BNB’s climb. Immediate support rests around $880–$860, while a deeper cushion lies near $820. Below that, a broader base at $740–$700 reflects the consolidation range that capped much of BNB’s summer trading activity.…
Novogratz-led firm aims to offer crypto-native alternative to traditional tokenized funds Galaxy Digital is preparing to launch a tokenized money-market fund, marking its entry into the fast-growing market of blockchain-based investment products. According to people familiar with the plans, the fund will be custodied by Anchorage Digital and will roll out in the coming months. Expanding Tokenization in Finance The initiative follows the success of tokenized offerings from traditional finance leaders such as BlackRock’s BUIDL and Franklin Templeton’s BENJI token. Unlike these products, Galaxy aims to add a crypto-native layer of innovation, positioning itself as a bridge between decentralized technology…
SUI consolidates after strong recovery as traders eye $3.00 support zone The price of Sui (SUI) is at a critical juncture, trading around $3.60 after facing rejection from resistance near the $4.00 level. The daily chart highlights a mix of consolidation and corrective patterns, suggesting that the next move could be decisive for the altcoin. Over recent weeks, SUI has tested a key support range between $3.00 and $3.20, where buyers consistently stepped in. Below that, a deeper support floor sits near $2.20, which acted as the bottom of the previous bearish cycle in early spring. “The market has clearly…
Companies accelerate SOL accumulation amid rising institutional demand Corporate treasuries holding Solana (SOL) have surged past $4 billion, signaling a new wave of institutional accumulation in the blockchain ecosystem. According to Strategic Solana Reserve data released Tuesday, companies now hold 17.11 million SOL tokens, valued at roughly $4.03 billion. This represents nearly 3% of Solana’s circulating supply of over 600 million tokens. Major Players Lead the SOL Accumulation The largest corporate holder is Forward Industries, which controls more than 6.8 million SOL worth $1.61 billion. Other notable firms, including Sharps Technology, DeFi Development Corp., and Upexi, each maintain positions of…
Switzerland has taken a major step in merging traditional banking with blockchain technology. UBS, Sygnum Bank, and PostFinance successfully executed the first legally binding interbank payment on a public blockchain, according to the Swiss Bankers Association (SBA). A Historic Proof of Concept The project, conducted under the Swiss Bankers Association (SBA), tested blockchain-based deposit tokens and smart contracts for institutional payments and bank deposits. The test featured two real-world use cases: This marks the first time Swiss banks completed a legally binding payment using blockchain technology for interbank settlement. Why It Matters The SBA highlighted that the system’s smart contracts…