Bit Origin’s $500M DOGE Strategy Sparks Short-Lived Rally Dogecoin (DOGE) experienced a sharp 7% decline after reaching its highest price in over 10 months, despite a massive $500 million treasury allocation from Bit Origin, a Hong Kong-based commodities and treasury firm. On July 21, DOGE surged to $0.29, reacting to news of Bit Origin’s strategic move involving over 1 billion DOGE in phased corporate purchases. However, the rally proved short-lived, with DOGE retreating to $0.26, signaling profit-taking and trader caution around overbought levels. Institutional Demand Fails to Stabilize Price Action Bit Origin’s move was initially interpreted as a sign of…
Author: Blockto Team
Bit Origin Begins DOGE Accumulation With 40.5 Million Tokens Bit Origin, a former Chinese pork processor turned Bitcoin mining firm, has officially entered the Dogecoin market by purchasing 40.5 million DOGE at an average price of $0.24 per coin. The move marks the company’s first strategic acquisition under its new $500 million crypto treasury strategy. The initial DOGE purchase cost approximately $9.9 million, as the token trades near $0.26. Bit Origin’s treasury move is supported by a recent capital raise involving $400 million in share sales and $100 million in convertible debt, dedicated specifically to acquiring digital assets like Dogecoin.…
ARK Invest Restructures ETFs to Load Up on Bitmine Immersion Technologies (BMNR) Cathie Wood’s ARK Invest is making a bold move into Ethereum. In a surprising portfolio shake-up, ARK has sold off shares in Coinbase, Roblox, and Robinhood to purchase a significant stake in Bitmine Immersion Technologies (BMNR)—an Ethereum-focused firm chaired by Fundstrat’s Tom Lee. According to ARK’s July 21 trading update, three of its flagship ETFs—ARKK (Innovation), ARKW (Next Gen Internet), and ARKF (Fintech)—sold a combined: Simultaneously, they acquired 4.4 million BMNR shares worth roughly $174 million, making Bitmine a 1.5% position in each ETF. Bitmine: From Bitcoin to…
Ethereum’s Network Effects Cement Its Dominance, Argues Longtime Advocate Ethereum has already won. That’s the bold claim made by Paul Brody, EY’s Global Blockchain Lead, as the Ethereum blockchain celebrates its 10th anniversary this July. “All this speculation is wasted effort. Ethereum has already won. The losers just don’t know it yet,” Brody declared in a CoinDesk op-ed on July 21. According to Brody, Ethereum’s transition to proof-of-stake, along with its thriving Layer 2 ecosystem, has placed it decades ahead of competitors. Ethereum Follows the “Winner-Take-All” Tech Model Brody draws comparisons between Ethereum and dominant technology platforms of the past:…
BNB Hits $780 Amid Bullish Market and Roadmap Optimism BNB, the native token of the BNB Chain, surged 4.5% in 24 hours, trading near $780 as of Monday. The rally follows strong momentum across the crypto market, with total market capitalization approaching $4 trillion. Trading volumes were above average, indicating the presence of institutional or corporate buyers, according to recent technical analysis. The price move comes as the BNB Chain unveiled its 2025–2026 roadmap, focusing on gas limit scaling, privacy enhancements, and infrastructure upgrades — all of which appear to have contributed to improved investor confidence. BNB Chain Processes 440…
ETH Would Have Delivered 30x More Wealth Than BTC, Says Andrew Keys Andrew Keys, co-founder of The Ether Machine, made headlines this week by claiming that Ethereum (ETH) has outperformed Bitcoin (BTC) over the past decade in terms of investor returns. Speaking on CNBC’s Squawk Box, Keys argued: “You would be 30x wealthier holding Ether since launch than Bitcoin.” Initially citing a 50x return, Keys later corrected that estimate to 30x, based on the price ratio between ETH and BTC since Ethereum’s launch in July 2015. The Ether Machine Launches With 400,000 ETH, Eyes Nasdaq IPO Keys, who also serves…
Nearly 1 Million SOL: A Strategic Treasury Milestone DeFi Development Corp, a Nasdaq-listed firm, has taken its Solana holdings to 999,999 SOL after a recent acquisition worth $198 million. This makes the company one of the largest known corporate holders of Solana (SOL), a bold move that is closely tied to its long-term treasury growth strategy. The firm acquired 141,383 SOL between July 14 and 20 through spot purchases, locked discounts, and staking rewards. According to their Monday statement, the treasury is being actively staked, generating native yield while reinforcing the security of the Solana blockchain. Solana Crosses $200 With…
From Bitcoin Mining to AI Infrastructure: Hive’s Strategic Evolution Hive Digital Technologies (HIVE) is taking a bold step beyond cryptocurrency mining with a major expansion into high-performance computing (HPC). The company is targeting a $100 million annual revenue run rate from its AI-driven HPC business by 2026 — a transformation that reflects its long-term pivot toward artificial intelligence infrastructure. Hive was one of the first publicly traded miners to move into HPC back in 2022. The company initially started with just 400 GPUs managed by two employees. Today, it is scaling up with powerful Nvidia H100 and Blackwell chips, aligning…
Court to Hear Claims Tornado Cash Could Have Been Modified In a significant ruling in the Roman Storm criminal trial, U.S. District Judge Katherine Failla has allowed a government witness to testify that Tornado Cash could have been technically altered to prevent its use for money laundering. Storm, the co-founder of Tornado Cash, is facing serious federal charges, including conspiracy to commit money laundering, conspiracy to operate an unlicensed money transmission business, and violating U.S. sanctions. Werlau, an investigator at AnChain.AI, is expected to testify that implementing a user registry smart contract or similar feature was technologically feasible, and that…
FCA and Police Raid Unregistered Crypto Kiosks in London In a growing crackdown on crypto ATM fraud, UK authorities have seized seven unregistered cryptocurrency ATMs in southwest London, arresting two individuals under suspicion of money laundering and operating an illegal crypto exchange. The coordinated operation was led by the UK Financial Conduct Authority (FCA) and Metropolitan Police. According to the FCA, no legal crypto ATMs are currently allowed to operate in the UK unless registered and compliant with anti-money laundering (AML) laws enacted in January 2021. “There are currently no legally-operated crypto ATMs in the UK,” said the FCA, warning…