Cryptocurrency exchange Kraken reported a 6.8% decline in adjusted earnings (EBITDA) for Q2 2025 compared to the same period last year, reflecting the impact of broader market volatility and macroeconomic pressures. Q2 EBITDA Falls to $79.7 Million The exchange posted EBITDA of $79.7 million, down from $85.5 million in Q2 2024. The decline also marks a significant drop from $187.4 million in Q1 2025, suggesting that the company’s strong start to the year was followed by a notable slowdown in Q2. Kraken’s Q2 revenue declined 13% quarter-over-quarter to $411.6 million, from $471.7 million in Q1. However, on a year-over-year basis,…
Author: Blockto Team
xTAO, a publicly listed company focused on the Bittensor ecosystem, has revealed it now holds 41,538 TAO tokens, making it the largest public holder of TAO to date. At current market rates, this position is valued at $15.8 million. xTAO Aims to Build Infrastructure on Bittensor The company announced its position on Wednesday, highlighting its strategy to support and expand the Bittensor network. Karia Samaroo, CEO of xTAO, emphasized the firm’s vision to “build core infrastructure, earn sustainable cash flow, and compound value alongside the Bittensor network.” “The TAO treasury gives us immediate economic exposure to Bittensor and the fuel…
The NFT market witnessed a strong resurgence in July, with total monthly sales hitting $574 million, marking the second-highest monthly volume in 2025, according to recent data. This represents a 47.6% increase over June’s $388.9 million, trailing only behind January’s $678.9 million peak. NFT Sale Value Reaches 6-Month High While transaction volume dipped by 9% (from 5.5 million to 5 million), the average sale value climbed to $113.08 — the highest in six months. This trend indicates that buyers are focusing on higher-value NFTs, likely contributing to market consolidation. Unique buyers dropped to 713,085 (down 17%), while unique sellers increased…
MicroStrategy (MSTR) is under renewed selling pressure, with its stock price falling sharply over the last two weeks. The decline has triggered the highest demand for put options since April, signaling growing bearish sentiment among traders. MSTR Stock Drops 14% in Two Weeks Shares of MicroStrategy have plunged more than 14%, closing at $292, and have now slipped below the critical 50-day simple moving average (SMA) — often seen as a trend indicator. This technical breakdown is driving traders to seek protection against further declines. Traders are paying a premium for put options, indicating increased fear of more downside ahead.…
Ethereum (ETH) closed July with an impressive 56% price gain, marking its biggest monthly return since July 2022. This explosive move comes amid a surge in ETF inflows and strong institutional buying, signaling renewed confidence in the world’s second-largest cryptocurrency. ETH Price Rally Driven by Spot ETF Demand ETH began the month at $2,468 and closed near $3,862, according to market data. The rally was fueled by net inflows into newly launched spot Ether ETFs, which have now sustained a 19-day inflow streak — matching their all-time record. BlackRock’s iShares Ethereum ETF recently became the third-fastest ETF in U.S. history…
Despite its absence from a recent digital assets report, the Strategic Bitcoin Reserve remains a key priority under the Trump administration’s crypto agenda. A top official has confirmed that plans to accumulate Bitcoin will move forward “in short order.” White House Reaffirms Commitment to Bitcoin Strategy The executive director of the U.S. President’s Council of Advisers on Digital Assets has clarified that the Bitcoin reserve initiative is still very much active. He confirmed the federal government has already established the reserve, alongside a national digital assets stockpile, which represents a broader strategy to secure the country’s position in digital finance.…
The potential approval of staking for US-listed spot Ethereum ETFs is poised to create a seismic shift in crypto markets. If granted, this move could significantly boost institutional involvement in Ethereum, rivaling even the dominance of Bitcoin ETFs. Ethereum ETF Staking Could Boost Yield and Market Activity Institutional investors have long sought yield-bearing opportunities in the digital asset space. Staking offers a consistent return on Ether holdings, and when added to ETFs, it can create a dual benefit: passive price exposure and a yield component. This model could flip the switch on Ether demand, drawing in capital that’s been sitting…
In a landmark shift, Bolivia has signed a formal cooperation agreement with El Salvador’s Comisión Nacional de Activos Digitales (CNAD) to establish a robust digital asset regulatory system. This move reflects Bolivia’s evolving stance on cryptocurrency amid rising transaction volumes and growing public interest in blockchain technologies. Bolivia’s Crypto Activity Surges 530% in 12 Months Crypto transaction volume in Bolivia surged from $46.5 million to $294 million over the past year, a dramatic increase that has prompted officials to rethink the nation’s cautious approach to digital assets. Until recently, Bolivia maintained strict limits on crypto usage. However, the growth in…
Major cryptocurrencies like Bitcoin, Ethereum, and XRP reversed overnight losses early Thursday as investors responded to signals of weakening Federal Reserve independence, adding long-term bullish momentum to digital assets. Fed Holds Rates Steady at 4.25%—But Dissent Reveals Internal Conflict On July 31, the Federal Reserve left its benchmark interest rate unchanged at 4.25%, a widely expected move. However, what rattled markets was the internal division: two key Trump-appointed Fed officials—Michelle Bowman and Christopher Waller—dissented in favor of an immediate rate cut. This public dissent has fueled concerns about the Fed’s political independence, raising alarms among institutional investors who value the…
Cosmos (ATOM) faced intense selling pressure over the last 24 hours, plunging by 3.7% amid a sharp volume spike and technical breakdown. The price dropped from $4.60 to $4.43, led by aggressive liquidation flows during the 10:00–11:00 GMT trading window. Trading Volume Triples as Support Breaks Down Trading volume surged to nearly three times the daily average, a clear indication of large-sell order execution—likely driven by institutional players. The heavy selloff shattered critical support at $4.39, a level that had previously offered a base for rebounds. New resistance levels are now forming at $4.51 and $4.62–$4.65, suggesting the bears are…