CoinShares Expands Crypto Offerings With New SEI ETP CoinShares, one of Europe’s largest digital asset managers with over $8 billion in assets under management, has launched a zero-fee SEI exchange-traded product (ETP). This product gives institutional investors exposure to the Sei blockchain ecosystem without the usual operational and custody hurdles. The ETP is physically backed by SEI tokens and offers a 2% annualized staking yield automatically distributed to holders. With this move, CoinShares aims to bridge the gap between European crypto ETPs and the growing popularity of spot Bitcoin ETFs in the U.S., which have seen significantly higher adoption. A…
Author: Blockto Team
20.2 BTC May Join Strategic Bitcoin Reserve The United States is seeking the forfeiture of 20.2 Bitcoin, worth approximately $2.4 million, recently seized by the Dallas FBI from a ransomware group known as Chaos. The civil complaint, filed in the Northern District of Texas, alleges that the crypto was tied to proceeds from ransomware attacks. The seizure, carried out on April 15, aims to add the BTC to the proposed U.S. Strategic Bitcoin Reserve, a new initiative outlined in a March 6 executive order. This reserve would be formed from crypto assets confiscated through criminal and civil asset forfeiture, giving…
Joe Lubin’s Bold ETH Accumulation Strategy SharpLink Gaming, under the leadership of Ethereum co-founder Joe Lubin, is making aggressive moves to accumulate Ether (ETH) faster than any other firm. Currently holding 360,800 ETH worth $1.35 billion, SharpLink is now the second-largest Ethereum treasury firm, trailing only BitMine Immersion Technologies, which holds 566,800 ETH valued at $2.13 billion, according to StrategicETHReserve. Lubin, who is also the CEO of blockchain infrastructure company Consensys, stated that the firm aims to accumulate more Ether per fully diluted share than any other competitor — including both Ethereum and Bitcoin treasury firms. “We’re accumulating capital every…
BitMine’s Stock Plunges After Bold Ethereum Valuation Claim BitMine Immersion Technologies (BMNR) saw its stock plummet nearly 27% in a single day, despite revealing bold ambitions for Ethereum. The company, which recently surged over 3,000% after announcing large ETH purchases, failed to reassure investors with its latest presentation. A slide shared by the firm projected Ethereum’s “implied value” at $60,000, citing unnamed research. But instead of boosting confidence, BMNR shares dropped 11% during the trading day and another 15% in after-hours, closing at $35.11 from a peak of $135 earlier in July. BitMine Reveals 600,000 ETH in Treasury During the…
Dogecoin (DOGE) led losses among major cryptocurrencies over the past 24 hours, tumbling 9.24% from $0.248 to $0.226 amid sharp institutional sell pressure and broader market risk-off sentiment. Heavy Selling Hits DOGE During U.S. Trading Hours The most intense sell-off occurred between 13:00–14:00 UTC, where trading volume spiked to 918 million DOGE—more than twice the 24-hour average of 410 million. This surge in volume signals institutional exit activity as investors recalibrate expectations amid central bank uncertainty and rising geopolitical risks. DOGE fell to an intraday low of $0.223, marking a 10.39% range from the day’s high of $0.248, reached during…
Bitcoin’s (BTC) premium on Coinbase has flipped negative for the first time since late May, marking a notable shift in U.S. investor sentiment and potentially signaling a deeper pullback in BTC’s price momentum. Coinbase Premium: A Key Institutional Demand Signal The Coinbase Bitcoin Premium Index tracks the percentage difference between BTC/USD on Coinbase Pro and BTC/USDT on Binance. A positive premium typically indicates strong U.S. institutional buying, as Coinbase remains the go-to platform for many regulated entities and high-net-worth American investors. According to TradingView, the premium turned negative early Tuesday, ending a historic 60-day positive streak. This shift suggests that…
The NEAR Protocol (NEAR) saw sharp downside action on July 28 after hitting a key resistance level at $3.01, tumbling over 4% to $2.89. Elevated trading volumes and technical rejections indicate growing bearish momentum, potentially triggered by institutional distribution. Price Action: Strong Sell-Off After Brief $3.01 Rally Between 15:00 UTC on July 27 and 14:00 UTC on July 28, NEAR traded within a tight 5% range. After rallying from $2.90 to a session high of $3.01 by 09:00 UTC, the asset reversed sharply as sell-side volume accelerated. Data shows volume spiking to 3.10 million tokens, well above the 24-hour average…
Bridgewater Associates founder Ray Dalio has made a striking pivot in his investment outlook, advising investors to allocate up to 15% of their portfolios to Bitcoin or gold as the U.S. debt burden intensifies. Speaking on the Master Investor podcast, Dalio explained the rising risks posed by fiscal imbalances and long-term currency devaluation, urging a greater focus on hard assets. “If you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,” Dalio said. From 1% to 15%: A Strategic Shift This marks a major revision from his 2022…
The SUI token faced a sharp reversal late Monday, sliding nearly 6% to $4.04 after briefly spiking to $4.44 during overnight trading. The drop mirrors broader weakness in the digital asset sector, driven partly by a strengthening U.S. Dollar Index (DXY). Technical Breakdown: Resistance at $4.20, Support Near $4.08 Despite early momentum pushing SUI to a 24-hour high of $4.44, the token encountered heavy resistance as trading volumes surged past 32 million tokens — far above average. Bulls attempted to defend the $4.32 support zone, but sellers took control as SUI broke beneath critical levels. SUI ended the session at…
Brian Quintenz, former commissioner of the Commodity Futures Trading Commission (CFTC) and President Donald Trump’s nominee to chair the agency, has seen his confirmation process delayed again — this time at the request of the White House. Second Delay Stalls Key Crypto Oversight Appointment The Senate Agriculture Committee was expected to vote on Quintenz’s nomination on Monday, a critical step before full Senate approval. However, the vote was unexpectedly postponed by the White House, marking the second delay in a week. “The White House asked the committee to delay the vote,” a committee staff member confirmed in a statement. No…