In a significant development for the crypto market and Ethereum-focused firms, tech billionaire Peter Thiel has acquired a 9.1% stake in Bitmine Immersion Technologies (BMNR)—a public company led by Fundstrat’s Thomas Lee that recently shifted its strategy to focus on Ethereum as a treasury asset. SEC Filing Reveals Thiel’s Strategic Bet on ETH Treasury Model A regulatory disclosure filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday confirmed that investment funds tied to Thiel have accumulated 9.1% of BMNR’s common shares. This move places Thiel among the earliest high-profile tech investors to back a company pivoting toward an…
Author: Blockto Team
Ethereum’s native token, ETH, has taken the lead in the crypto market’s midweek rally, rising above $3,200 for the first time in over five months. The surge comes as institutional support, corporate treasury demand, and record spot ETF inflows drive renewed investor interest. ETH Surges Past $3,200: A Five-Month High Over the past 24 hours, Ethereum has climbed 6.5%, marking its strongest single-day performance in weeks. The token is now up 22% over the past seven days, reflecting a broader bullish sentiment supported by strong on-chain fundamentals and external catalysts. This is the first time since early February that ETH…
Bitlayer, a Bitcoin DeFi infrastructure firm backed by investment giant Franklin Templeton, has officially launched its trust-minimized Bitcoin bridge on mainnet. This significant development is expected to enhance Bitcoin’s interoperability and expand its role in decentralized finance across multiple blockchains. What Is Bitlayer’s Bitcoin Bridge? The newly released bridge, dubbed BitVM, allows users to deposit native BTC into a smart contract, which then issues Peg-BTC (YBTC) — a tokenized version of Bitcoin. This wrapped asset can interact with smart contract-compatible blockchains, including Arbitrum, Base, and Sui, unlocking yield opportunities without altering Bitcoin’s base protocol. According to a company spokesperson, Bitlayer’s…
The cryptocurrency market continues to demonstrate high volatility, and has been no exception. In the past 24 hours, GRAY has shown a dynamic price performance, attracting both retail and institutional attention. GRAY Token Price Volatility and Current Status At the time of analysis, the price of GRAY is $1.73, with a recorded daily high of $1.74 and low of $1.36. The token experienced a price shift of -0.57%, indicating a slight pullback from its peak earlier in the trading day. This intraday swing of nearly 28% highlights the active speculation and market interest in GRAY. Despite the pullback, the token’s…
Cathie Wood’s investment firm, ARK Invest, has made its largest-ever single-day sale of the ARK 21Shares Bitcoin ETF (ARKB) shares following a sharp rally and a stock split adjustment, signaling profit-taking during a pivotal moment for crypto ETFs. ARK Dumps Over 225K ARKB Shares After All-Time High On July 15, ARK offloaded 225,742 shares of ARKB from its ARK Next Generation Internet ETF (ARKW), generating approximately $8.7 million at a closing price of $38.70. Although this was the largest ARKB transaction to date by share volume, it fell short of the $12 million sale recorded in April, when ARK sold…
BNB Chain has unveiled ambitious infrastructure upgrades set for the second half of 2025, aiming to achieve 5,000 decentralized exchange (DEX) swaps per second. The move reflects the network’s long-term vision to handle higher user demand and position itself as a scalable, high-performance Layer-1 blockchain. BNB Chain’s 2025 Performance Roadmap In its newly released performance roadmap, BNB Chain plans to increase its block gas limit tenfold, from 100 million to 1 billion, enabling more data processing per block and higher onchain throughput. According to a BNB Chain representative, the move is designed to ensure smooth DApp performance without compromising speed…
Arbitrum’s native token (ARB) saw a notable jump on Wednesday, gaining 7.7% in 24 hours, after PayPal’s cryptocurrency terms quietly listed the Ethereum Layer 2 network as a supported blockchain for its PYUSD stablecoin. The move sparked widespread speculation that Arbitrum may be the next network to host PayPal’s $850 million stablecoin. PayPal Lists Arbitrum as PYUSD-Compatible Chain While no official partnership announcement has been made, PayPal’s updated crypto terms now state that its stablecoin, PYUSD, is supported on three networks: Ethereum, Solana, and Arbitrum. The listing puts Arbitrum in a prestigious lineup and raises expectations that deployment of PYUSD…
Bulgaria made global headlines in 2017 when it seized 213,500 Bitcoin (BTC) from criminal networks. At the time, the cryptocurrency haul was worth around $3.5 billion — an impressive amount, but one that the government chose to liquidate the following year. Fast-forward to 2025, and that same stash of Bitcoin is now valued at over $25 billion, exceeding Bulgaria’s entire public debt, which currently stands at $24 billion, according to World Economics data. Why Did Bulgaria Sell the Bitcoin? The decision to sell came amid widespread regulatory uncertainty and minimal understanding of digital assets at the time. Valentin Mihov, co-CEO…
Despite Bitcoin maintaining strong price levels in Q2 2025, crypto spot trading volumes on centralized exchanges (CEXs) fell sharply by 22%, according to the latest TokenInsight Exchange Report. This drop highlights a continued shift in trader behavior and market structure, even as broader sentiment appeared optimistic. Spot Trading Falls to $3.6 Trillion The report shows that spot trading volumes fell from $4.6 trillion in Q1 to just $3.6 trillion in Q2 2025 — a significant 22% decline. This marks the second consecutive quarter of falling spot activity after volumes reached $5.3 trillion in Q4 2024. The downturn was driven primarily…
The Smarter Web Company, a UK-based web design and digital services provider, has made a major leap in the world of corporate bitcoin holdings. On July 16, the company confirmed it purchased an additional 325 BTC worth approximately $36.45 million, bringing its total bitcoin treasury to 1,600 BTC. This aggressive accumulation places it among the top 25 publicly traded companies holding bitcoin globally. Aggressive Accumulation Strategy Pays Off The latest purchase was made at an average price of $112,157 per bitcoin, with total bitcoin holdings now valued at over $190 million at current market prices. With bitcoin trading near $118,850,…