Kraken, one of the largest cryptocurrency exchanges in the United States, is reportedly in talks to raise $500 million at a $15 billion valuation, fueling speculation about a public listing as early as 2026. Funding Round Precedes Expected IPO Amid Market Optimism Kraken’s latest fundraising effort comes as crypto firms gain momentum from a friendlier U.S. regulatory environment and improved market conditions. The exchange was last valued at $11 billion in 2022, but strong industry tailwinds have contributed to its current valuation target. Industry sources suggest Kraken is taking advantage of a rebound in crypto IPO activity, following successful offerings…
Author: Blockto Team
Bitcoin (BTC) is showing signs of short-term stabilization as the price holds above critical support despite recent downward pressure. After dipping below $58,000, the leading cryptocurrency is attempting to regain bullish momentum as market participants monitor global macroeconomic cues and trading volume dynamics. Strong Support Identified at $57,800 Level The chart shows that $57,800 is acting as a strong intraday support zone for Bitcoin. This level has been tested multiple times without a confirmed breakdown, indicating buying interest from bulls. A clean hold above this support may pave the way for short-term recovery. The defense of $57,800 is critical for…
A new bill introduced in the U.S. Senate could transform how digital assets like Bitcoin and Ethereum are viewed in the housing finance system. The legislation, titled the 21st Century Mortgage Act, aims to make cryptocurrency holdings a valid consideration in mortgage approval processes. Digital Assets May Soon Count as Mortgage Collateral Senator Cynthia Lummis has proposed that U.S. mortgage giants such as Fannie Mae and Freddie Mac be required to recognize crypto assets when assessing risk for single-family mortgage loans. This follows a June directive from the Federal Housing Finance Agency (FHFA), which encouraged lenders to explore crypto-based evaluations.…
Marathon Digital Holdings (MARA) has reported a record-breaking second quarter, driven by Bitcoin’s sharp price increase and its expanding mining operations. The company’s stock rose nearly 4% in after-hours trading following the earnings release. Marathon Posts $238.5M in Q2 Revenue, Surpassing Expectations In its Q2 earnings announcement, Marathon Digital revealed revenue of $238.5 million, marking a 64% jump compared to the $145.1 million it earned during the same period last year. This also beat analysts’ estimates of $227.9 million, according to FactSet data. The growth was fueled by a 50% surge in Bitcoin’s average price during Q2. The firm mined…
The U.S. Securities and Exchange Commission (SEC) has officially approved in-kind creation and redemption mechanisms for spot Bitcoin and Ethereum exchange-traded funds (ETFs), marking a pivotal moment in crypto asset regulation and ETF market development. In-Kind Redemptions Now Allowed for Crypto ETFs On July 29, the SEC gave green light to accelerated approvals for major exchanges—including Nasdaq, NYSE Arca, and Cboe BZX—to permit in-kind transactions for ETFs holding spot Bitcoin and Ethereum. This approval includes industry giants like BlackRock, Fidelity, VanEck, and Ark21, whose crypto ETFs can now exchange underlying crypto assets without liquidating to cash. Previously, ETF issuers were…
Despite major milestones in the Cosmos ecosystem, ATOM plunged 4.51% to $4.66, struggling to sustain gains amid increased volatility and heavy selloffs. Traders remain cautious as resistance at $4.95 continues to block recovery attempts, while support at $4.56 appears fragile under persistent bearish momentum. Cosmos Hits 100-Chain Milestone The Cosmos network continues to grow steadily, recently surpassing 100 live blockchains on MapOfZones, marking a significant achievement in blockchain interoperability. Additionally, XRP integration via Cosmos SDK and IBC protocols has progressed, further expanding the ecosystem’s capabilities. ShadeX has also launched as Cosmos’ first encrypted money market, built with CosmosSDK and CosmWasm…
Polkadot’s native token, DOT, experienced a 3% decline in the past 24 hours, reflecting broader weakness across the crypto market. After multiple failed attempts to reclaim higher ground, DOT slipped from $4.09 to $3.96, signaling a potential short-term bearish phase. DOT Support Levels Hold Firm at $3.91–$3.93 Despite the downward pressure, a support base has been identified around the $3.91 to $3.93 range. This zone has shown resilience over recent sessions, preventing deeper losses during moments of heightened selling. Support remains critical at the $3.91-$3.93 zone, cushioning price during volatile dips. However, a key breakdown occurred at the $4.02 level,…
Bitcoin has slipped below the $117,500 mark, raising caution among market participants about a potential extended downside move despite positive macroeconomic indicators from the U.S. BTC Struggles to Hold $120K Resistance Following a brief rally toward $119,000, Bitcoin failed to maintain upward momentum as the Wall Street session opened, dragging BTC/USD below the $117,500 threshold. The downturn followed signals of increased selling activity from large wallets, particularly from asset manager Galaxy Digital. Failure to reclaim the $120,000 zone could indicate continued bearish pressure in the short term. The rejection near resistance aligns with technical indicators showing bearish divergence, as highlighted…
eToro is taking a major leap toward blockchain integration by announcing plans to tokenize U.S.-listed stocks on the Ethereum network, enabling real-time, 24/7 trading via decentralized finance (DeFi) protocols. Stock Tokenization Begins on Ethereum In a press release issued July 29, eToro confirmed it will launch ERC-20 tokens representing U.S. equities, which can be traded on-chain and redeemed back into the original stock positions on the platform. This initiative aims to bring traditional equities into the DeFi ecosystem, making them available beyond standard market hours and compatible with smart contract infrastructure. “Our goal is to tokenize every asset on eToro,…
Pyth Network has introduced live onchain price feeds for 85 major Hong Kong-listed stocks, opening direct access to one of Asia’s most valuable equity markets. This development marks a significant milestone for global investors, fintech innovators, and decentralized applications seeking real-world market data. Pyth Unlocks $3.7 Trillion in Market Coverage The newly launched price feeds cover a combined market cap of over HKD 28.8 trillion (approximately $3.7 trillion USD). These include major stocks in banking, insurance, energy, and leading Chinese tech companies, bringing institutional-grade data to a global blockchain ecosystem. This integration enables builders and traders to access Hong Kong…