UK-Based Web Firm Expands Bitcoin Treasury to 1,275 BTC The Smarter Web Company has made headlines once again with its latest Bitcoin acquisition, purchasing 275 BTC for $29.75 million at an average price of $108,182 per BTC. This move brings the UK-based firm’s total holdings to 1,275 BTC, making it one of the fastest-growing public corporate holders of Bitcoin globally. With this purchase, the company’s BTC portfolio is now worth approximately $150.5 million, up nearly 10% from cost basis as Bitcoin trades near $118,000. Rapid Accumulation Places Company in Top 30 Global Bitcoin Treasuries The firm’s aggressive accumulation strategy has…
Author: Blockto Team
BNB is approaching the $700 milestone after rising 2.8% to $688.70, supported by a broader crypto rally and a major $1 billion token burn. The asset briefly hit a peak of $695.12 before stabilizing around $689, as investor demand intensified. The token burn, part of a long-term deflationary strategy, permanently removed over 1.59 million BNB, reducing total supply and increasing scarcity. Binance aims to cut BNB’s total circulating supply to 100 million, a move designed to enhance long-term token value. Institutional Interest in BNB Treasury Use Expands Fueling demand further is growing corporate interest in holding BNB as a treasury…
SharpLink Acquires $25.7M Worth of ETH as Treasury Reserve Asset In a groundbreaking move for the Ethereum ecosystem, the Ethereum Foundation has sold 10,000 ETH in an over-the-counter (OTC) transaction to SharpLink Gaming, a publicly traded company listed on Nasdaq under the ticker SBET. The deal, valued at $25.7 million, marks the first direct acquisition of ETH from the Foundation by a listed corporation. Deal Finalized at $2,572.37 per ETH The transaction was finalized at an average price of $2,572.37 per ETH and was settled on-chain on July 10 through the Foundation’s multi-signature wallet. The proceeds from the sale are…
China’s Crypto Policy May Be Evolving in Shanghai In a surprising development, Shanghai officials are exploring the future of stablecoins, despite China’s ongoing nationwide ban on cryptocurrency trading and mining. According to recent reports, the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) held a key meeting to discuss strategic responses to global digital currency trends, marking a subtle but significant shift in tone. During the session, SASAC director He Qing emphasized the need for “greater sensitivity to emerging technologies”, specifically highlighting stablecoins and their growing role in global finance. This move underscores a growing recognition among local authorities that…
Filecoin (FIL) posted an impressive 9% gain in the past 24 hours, rallying from $2.44 to a peak of $2.65. This surge comes amid a broader bullish wave across the cryptocurrency market, with major assets like Bitcoin hitting fresh all-time highs and market sentiment turning strongly positive. FIL’s breakout was supported by exceptionally high trading volume, marking a strong shift in momentum. The token’s sharp movement upward began during the 16:00 to 21:00 UTC window on July 10, where volume spiked to 8.18 million tokens, significantly exceeding the 24-hour average of 3.67 million. Volume Spike Confirms Bullish Breakout The critical…
Attorney General Accuses Robinhood Crypto of Deceptive Advertising Florida’s Attorney General has opened a formal investigation into Robinhood Crypto LLC over allegations that it misled consumers by promoting its platform as the “least expensive way to purchase crypto.” According to state officials, no substantiated evidence was provided to support this marketing claim. Attorney General James Uthmeier stated that Robinhood’s cost-related promotions may violate Florida’s Deceptive and Unfair Practices Act, a consumer protection law designed to prevent false advertising in financial services. “Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” Uthmeier said. Subpoena…
Ethereum (ETH) crossed a major psychological milestone on July 11, as the price broke above $3,000, fueled by institutional demand, strong ETF inflows, and a rare derivatives market shift. At the time of writing, ETH is trading at $3,012.44, up 8.22% over the past 24 hours, with a session high of $3,024.59. Between July 10, 09:00 to July 11, 08:00, ETH gained 7.10%, climbing from $2,788.96 to $2,976.10, backed by a volume spike of 1,202,822 units — nearly 4x its 24-hour average. A massive surge occurred at 21:00 UTC, as ETH exploded from $2,819.79 to $2,972.56 in a single session.…
Aptos’ native token APT jumped as much as 9% in the past 24 hours, riding the wave of a broader rally across the digital asset market. As of the latest session, APT is trading near $4.99, up 8.5% intraday and showing signs of continued momentum. The move follows a breakout from strong support at $4.57, which was confirmed by high-volume activity. Technical indicators now show resistance at $5.03, and a clear break above this level could open the path toward the next target at $5.20. Technical Breakdown: Key Levels in Play Support Zone Resistance Levels Recent Market Structure Institutional Update:…
$40 Million Stolen in GMX v1 Exploit On July 10, a major security incident struck the GMX v1 decentralized exchange, resulting in the loss of approximately $40 million in crypto assets. The exploit targeted a vulnerability in the platform’s GLP token pricing mechanism, allowing the attacker to manipulate values and drain the protocol’s liquidity pool. The attack affected multiple assets on Arbitrum, the blockchain hosting the first version of GMX. Following the incident, GMX’s team swiftly identified the breach and initiated damage control by communicating publicly and on-chain. On-Chain Communication Leads to Fund Recovery Shortly after the attack, the GMX…
The cryptocurrency market continues to ignite optimism across global equity markets, with Bitcoin holding firm above the $118,000 mark after reaching a new all-time high. This milestone is not only a reflection of bullish sentiment in digital assets but also a key driver behind sharp pre-market gains in crypto-related stocks across the United States and Europe. Strong Gains Among Publicly Traded Bitcoin Holders U.S.-listed crypto equities saw notable movement following Bitcoin’s surge. Strategy Inc., widely recognized as the largest corporate holder of Bitcoin, rose over 3% in early trading, extending its year-to-date gain to 40% — far outperforming Bitcoin’s 26%…