Bitmine Immersion Technologies (BMNR) shares plunged an additional 20% on Thursday, deepening a sharp two-day decline after the company disclosed plans to raise up to $2 billion via an at-the-market (ATM) stock offering. The drop follows a 40% decline the previous day, bringing the total drawdown to 65% in just 48 hours. $2 Billion Stock Offering Triggers Market Selloff In an SEC filing published Wednesday, Bitmine revealed it had entered an agreement with Cantor Fitzgerald and ThinkEquity to sell up to $2 billion in common stock. The ATM structure allows Bitmine to issue and sell shares gradually into the open…
Author: Blockto Team
In a landmark development for Europe’s tokenized finance sector, NRW.BANK, the state development bank of North Rhine-Westphalia, has issued its first €100 million blockchain-based bond on the Polygon network. The move underscores growing institutional acceptance of digital securities and showcases how public institutions are beginning to adopt blockchain infrastructure at scale. A Fully Digital Bond Under German Law The two-year bond, valued at approximately $116.7 million, is the first fully digital issuance from NRW.BANK. It was executed under Germany’s Electronic Securities Act (eWpG), a regulatory framework introduced in 2021 that allows financial securities to be registered directly on distributed ledger…
Bitcoin (BTC) continues to trade near record highs, with the price action reflecting growing institutional confidence and favorable macroeconomic signals. As of July 10, Bitcoin reached an intraday peak of $112,163, supported by strong momentum and technical breakout signals. Bitcoin Price Nears All-Time High Resistance The recent move above $110,000 marks a critical milestone in Bitcoin’s market structure. After a brief pullback from earlier highs, BTC is attempting to confirm support near $111,000–$112,000, a zone that now serves as both a technical and psychological resistance level. Price volatility remains moderate, with support at $107,000 and next key resistance projected near…
KULR Technology Group, a leader in thermal management solutions for energy storage systems, has deepened its commitment to Bitcoin by acquiring an additional 90 BTC for approximately $10 million, bringing its total holdings to 1,021 BTC. This move officially places the company among a select group of public firms with more than 1,000 bitcoins on their balance sheets. Strategic Expansion of Bitcoin Treasury The latest purchase was disclosed in an SEC 8-K filing, with KULR reporting an average acquisition price of $108,884 per BTC, inclusive of all fees. The company’s total investment in Bitcoin now stands at around $101 million,…
XRP options trading is gaining significant traction, with open interest nearing record highs amid a surge in implied volatility and renewed bullish market sentiment. According to Deribit data, the notional open interest in XRP options has surged by 38% in just two weeks, reaching nearly $98 million—just shy of its previous record of $102.3 million set on June 24. Volatility Drives Demand for XRP Derivatives The recent spike in open interest has been driven by XRP’s elevated implied volatility compared to major cryptocurrencies like Bitcoin, Ethereum, and Solana. Implied volatility, which measures expected price movement, has made XRP options more…
Coinbase International Exchange has officially integrated with Copper’s ClearLoop network to enable off-exchange settlement for institutional investors—a move driven by accelerating demand for secure, real-time crypto trading infrastructure. The integration allows institutions to trade without moving funds directly onto the exchange, reducing counterparty risk while improving collateral efficiency—two top priorities in today’s institutional digital asset landscape. What Is Off-Exchange Settlement? Off-exchange settlement lets institutional traders execute orders on a centralized exchange while collateral remains secured off-platform, typically in regulated custody. Using multi-party computation (MPC), Copper’s ClearLoop offers a technological bridge between custodians and exchanges, executing trades in near real time…
Sequans Communications, a global leader in cellular IoT semiconductor solutions, has taken a bold step into the world of digital assets by launching a Bitcoin treasury strategy. The company confirmed the purchase of 370 BTC, valued at over $40 million, as its first move toward building a substantial crypto reserve. Strategic Plan to Accumulate Over 3,000 Bitcoin Sequans revealed that this initial investment is part of a broader strategy to accumulate more than 3,000 BTC in the coming weeks. The company intends to use proceeds from its recent capital raise—which included a mix of equity issuance and convertible debentures—to fund…
The crypto market experienced a fresh wave of bullish momentum on July 10, with Polkadot’s native token, DOT, posting a strong 5% intraday gain, riding the tide as Bitcoin edged closer to its all-time high of $112,000. This breakout for DOT is part of a broader crypto rally, with major altcoins and benchmark indices gaining traction as investor sentiment continues to recover. DOT Climbs to $3.70 on Surge in Volume DOT’s price surged from $3.52 to a session high of $3.70, marking its largest single-day gain in weeks. The key breakout occurred around 19:00 UTC on July 9, backed by…
The Cardano Foundation significantly ramped up its investment in 2024, allocating $22.1 million across three major strategic pillars: blockchain adoption, operational resilience, and education. This marks a 15% increase compared to its 2023 spending of $19.22 million. Strategic Investment in Real-World Blockchain Adoption More than $15 million—over half of total spending—was directed toward adoption initiatives. These efforts focused on extending Cardano’s use in real-world applications through high-profile collaborations. Partnerships included organizations like NASA, Barcelona FC, and the United Nations Development Programme, all aimed at showcasing Cardano’s utility beyond the crypto space. By focusing on high-impact collaborations, the Foundation aims to…
BIT Mining, a leading NYSE-listed crypto mining firm, has unveiled a bold move into the Solana (SOL) ecosystem, announcing plans to raise up to $300 million to build a long-term SOL treasury reserve. The shift marks a significant evolution in the company’s strategy, as it diversifies beyond traditional Bitcoin mining to tap into the rapidly growing Solana blockchain. Transitioning Toward Solana’s Ecosystem In a company statement released on July 10, BIT Mining outlined a phased strategy to acquire $200–$300 million worth of SOL, with purchases determined by market conditions and capital availability. The firm also confirmed plans to liquidate all…