Bitcoin Miner Bitfarms Launches Aggressive Share Repurchase Plan Bitfarms (BITF), the Toronto-based Bitcoin mining company, saw its stock jump by 8% on July 22 following the announcement of a major share buyback program. The company plans to repurchase up to 10% of its public float, signaling confidence in its valuation and future direction. The buyback program will enable Bitfarms to repurchase nearly 50 million shares over the next 12 months on both the Nasdaq and Toronto Stock Exchange. All repurchased shares will be cancelled, reflecting the company’s intent to return value directly to shareholders and tighten available supply in the…
Author: Blockto Team
Major U.S. Bank Joins the Crypto Race Through Strategic Coinbase Alliance PNC Bank, one of the top ten largest banks in the U.S., is entering the cryptocurrency market through a strategic partnership with Coinbase, the country’s leading crypto exchange. This move signals a new era of institutional crypto adoption, as traditional finance continues to embrace digital assets. The partnership will enable PNC clients to access secure crypto trading and custody solutions via Coinbase’s “Crypto-as-a-Service” platform. The announcement, made on July 22, marks one of the most significant steps yet by a mainstream bank into the digital asset economy. Coinbase to…
Market Maker Warns of Liquidity Risks from Blockchain-Based Assets Citadel Securities, a leading U.S. market maker founded by billionaire Ken Griffin, has urged the Securities and Exchange Commission (SEC) to slow the rollout of tokenized securities, warning that rapid adoption could trigger market instability and harm traditional equity markets. In a formal letter to the SEC’s Crypto Task Force, Citadel expressed concern over regulatory gaps that could allow crypto platforms to gain unfair market advantages. Tokenized Securities: Speed and Fractional Trading, But At What Cost? Tokenized securities are blockchain-based financial products that offer 24/7 trading, faster settlement times, and fractional…
Telegram Rolls Out Native Crypto Wallet for US Users Telegram has officially launched its TON Wallet in the United States, introducing a seamless crypto experience within its widely-used messaging platform. This marks a major leap in Web3 adoption, as it brings self-custodial digital asset management to over 87 million US users. TON Wallet is the first self-custodial wallet integrated directly into a major messaging platform accessible by US residents. Built on The Open Network (TON) blockchain and supported by the TON Foundation, the wallet enables users to send, receive, store, and manage digital assets without needing third-party apps or browser…
Sharplink Now World’s Largest Public ETH Holder Sharplink Gaming has bought 79,949 ETH worth $258.9 million, reclaiming its spot as the largest publicly traded Ether holder after briefly falling behind BitMine Immersion Technologies. This marks Sharplink’s biggest Ether acquisition to date, signaling intensified accumulation among institutional players. The purchase was made at an average price of $3,238 per ETH, according to company disclosures filed Tuesday. At current market prices near $3,700, that investment is already showing unrealized gains. Total Holdings Rise to 360,807 ETH Following the new acquisition, Sharplink now holds 360,807 ETH, valued at approximately $1.3 billion, based on…
Memecoin Rally Reaches July Peak Amid Frenzied Activity The memecoin sector reached a new high on July 21, with total market capitalization hitting $87 billion, according to recent CoinMarketCap data. This marked a 58% rise from June 30, when the sector was valued at just $55 billion. The surge reflects the renewed interest in speculative digital assets, often driven by social media hype and retail enthusiasm. Sudden Correction Signals Cooling Momentum Following the sharp rise, the memecoin sector experienced a swift pullback. By Tuesday, the total market cap had dropped to $81 billion, marking a quick $6 billion decline in…
New Fiat Off-Ramp Enables USDT and USDC Withdrawals In a major move to enhance user autonomy, Bitget Wallet has introduced its first fiat withdrawal option, partnering with global payment provider MoonPay. The feature allows users to convert USDT and USDC directly into fiat currencies from within the self-custodial wallet—without relying on centralized exchanges. This off-ramp integration addresses one of the most pressing challenges in crypto: seamless conversion of digital assets to fiat in a decentralized environment. Users can now exit positions using 25 supported fiat currencies, including USD, EUR, GBP, AUD, and CHF, among others. The move marks a turning…
Blockchain Offers Efficiency in Covered Bond Issuance Blockchain technology has the potential to transform the covered bond market, a traditionally conservative corner of global finance. According to a recent analysis, it could streamline issuance, boost transparency, and enhance operational efficiency. By deploying smart contracts, issuers could automate asset substitution and gain access to real-time transaction data, reducing manual processes and shortening issuance timelines. These capabilities could significantly benefit investors and issuers alike. Real-time visibility and automation can increase investor confidence and reduce issuance friction. Adoption Barriers Still Hold Blockchain Back Despite these benefits, blockchain adoption in the covered bond sector…
Coinbase, the largest U.S.-based cryptocurrency exchange, has officially launched perpetual futures trading for American users, marking a major shift in the accessibility of advanced crypto derivatives in the U.S. market. Access to Perpetual Futures Now Open for U.S. Traders In a July 22 announcement, Coinbase introduced nano Bitcoin (BTC) and nano Ethereum (ETH) perpetual futures with up to 10x leverage and five-year expiration dates. Unlike traditional futures contracts with monthly or quarterly expirations, these new products offer greater long-term flexibility. “For years, U.S. traders watched their international counterparts access perpetual futures—until now,” Coinbase stated. The exchange’s trading fees start at…
Genius Group, a Singapore-based AI-powered education firm, has doubled its Bitcoin (BTC) treasury to 200 BTC as part of a broader crypto adoption push fueled by the recently passed GENIUS Act in the United States. The acquisition marks a pivotal step in the company’s plan to build a 10,000-BTC reserve within two years. Discounted BTC Acquisition Raises Eyebrows In a July 18 announcement, Genius Group disclosed the purchase of 20 BTC at an average price of $106,812, significantly below that day’s market rate of $117,000 to $120,600. The firm spent $2.14 million on Bitcoin now worth $2.35 million, netting an…