U.S.-Listed Ether ETFs Witness Strongest Momentum in Months Ethereum (ETH) has reclaimed the spotlight as spot ETFs in the U.S. record massive investor inflows, reinforcing the growing institutional demand for the world’s second-largest digital asset. On Thursday, BlackRock’s iShares Ethereum Trust (ETHA) recorded its largest single-day inflow of $300 million, marking a pivotal moment in Ethereum’s investment narrative. The total assets under management (AUM) for ETHA surged to $5.6 billion, according to Farside data. $703 Million Poured into ETH ETFs This Week Alone The surge in BlackRock’s product was part of a broader wave of inflows. All nine U.S.-listed Ethereum…
Author: Blockto Team
Solana Price Rallies Amid Institutional Accumulation Solana (SOL) has recorded a notable 6.23% price surge over the last 24 hours, rising from $156.45 to $166.65, reflecting growing investor confidence and intensifying trading activity. The momentum is being fueled by a combination of institutional treasury strategies and rising speculation around a potential Solana ETF approval later this year. Trading volume increased by 19% to $4.90 billion, signaling heightened participation across exchanges and reinforcing bullish market sentiment. Upexi Secures $200M in Financing, Targets Solana for Treasury Allocation Upexi (UPXI), a Nasdaq-listed consumer brands company based in Tampa, has secured $200 million in…
Tether (USDT) and Circle (USDC) Hit All-Time Highs As Bitcoin (BTC) climbs above $117,700, the recent spike in the supply of stablecoins like USDT and USDC is signaling an influx of capital into the crypto markets. In just the past few weeks, the combined market capitalization of USDT and USDC has reached record-breaking levels, reinforcing the momentum behind this bull run. Tether’s USDT has grown by $1.4 billion in July alone, reaching nearly $160 billion in supply. Circle’s USDC added $1.3 billion, climbing to $62.8 billion. These surges are more than just numbers—they reflect real-time investor interest and increased liquidity…
SEC Issues Surprise Stay After GDLC ETF Approval In a move that surprised the financial markets, the U.S. Securities and Exchange Commission (SEC) has issued a stay order on the launch of the Grayscale Digital Large Cap (GDLC) ETF, despite previously approving its conversion. The unexpected pause has drawn strong criticism from Grayscale, who is now formally challenging the SEC’s action. Grayscale argues the SEC’s delay is both unlawful and harmful to investors, adding uncertainty to the crypto ETF landscape at a time when digital assets are gaining widespread institutional acceptance. GDLC ETF Was Set to Bring Large-Cap Crypto Assets…
With Bitcoin (BTC) surging to a new all-time high above $117,000, institutional investors are witnessing record-breaking unrealized gains. Yet, despite this massive profit potential, the largest corporate holders of Bitcoin show no signs of selling. This signals a long-term belief in Bitcoin’s value as a digital asset. Strategy Holds 600,000 BTC With $28 Billion in Unrealized Profits Among the biggest corporate Bitcoin holders, Strategy stands out. The firm currently holds nearly 600,000 BTC, accumulated at a cost exceeding $42 billion. At the current price of $117,464 per BTC, Strategy sits on an unrealized profit of approximately $28 billion. Importantly, Strategy…
PEPE Leads Memecoin Rally as Bitcoin Crosses $118K PEPE, one of the leading meme-based cryptocurrencies, has recorded a sharp 14% price surge within the past 24 hours. This move comes amid a broader crypto market rally, where Bitcoin broke past $118,000, lifting sentiment across altcoins and meme tokens alike. PEPE jumped from $0.000011141 to $0.000012812, adding renewed interest to the memecoin sector, which is currently outpacing most other segments in crypto. According to market data, the CoinDesk Memecoin Index (CDMEME) is up 11.3% in the same 24-hour period, outperforming the broader CD20 Index, which gained 7.3%. Whale Activity Behind PEPE’s…
Highlights Altcoin Market Diverges as Risk Appetite Returns With Bitcoin reaching a new all-time high above $118,000, attention is rapidly shifting toward altcoins — but not all are benefitting equally. While some legacy cryptocurrencies like Litecoin (LTC), Bitcoin Cash (BCH), and Monero (XMR) show muted price action, DeFi and layer-2 tokens are posting double-digit gains. “Altcoins are leading the pack in this latest rally,” said Thomas Perfumo, Global Economist at Kraken. DeFi and Layer-2 Tokens Take the Lead Tokens tied to decentralized finance (DeFi) and Ethereum layer-2 networks are among the biggest gainers of the week. As Bitcoin consolidated, investors…
Lawmakers to Debate Three Landmark Crypto Bills Next Week The U.S. House of Representatives is set to enter what’s being dubbed “Crypto Week”, a critical legislative window that could determine the regulatory future of the digital asset industry. From Monday to Friday, Congress is expected to debate three major bills that address crypto regulation, stablecoins, and CBDCs. Industry leaders call this moment “urgent and potentially decisive” as bipartisan momentum builds in Washington. What’s on the Table: CLARITY, GENIUS, and Anti-CBDC Bills The three bills set for discussion include: Crypto Advocacy Groups Urge Congress to Act Crypto-focused advocacy organizations, including Stand…
Bitcoin Surges Past $117,000, Critics and Bulls Clash Over Next Moves As Bitcoin reached a new all-time high of over $118,000, market reactions have been swift and polarized. Peter Schiff, the well-known gold and silver advocate and longtime Bitcoin critic, reignited his warnings, advising investors to sell Bitcoin and buy silver instead. “With Bitcoin hitting new highs today, it’s a great time to sell some and buy silver ahead of silver’s next big leg up,” Schiff posted on X. Schiff: Silver Has “Limited Downside” Compared to Bitcoin Schiff argued that silver offers more upside potential than Bitcoin at current levels.…
Shiba Inu Leads Altcoin Rally With Strong Monthly Performance Shiba Inu (SHIB) has shown a remarkable recovery in July, surging 18% month-to-date and delivering its strongest performance since November. The meme coin’s rebound aligns with a broader wave of increased risk appetite in the crypto market, as Bitcoin surged past $118,000. This momentum has placed SHIB in a prime technical position, potentially forming a double bottom pattern, a classic bullish reversal signal. Robust Trading Volume and Token Burns Support the Rally SHIB’s latest price jump isn’t just speculative. The rally has been backed by exceptionally high trading volumes and a…