Linqto, a U.S.-based private equity investment platform known for offering early access to pre-IPO companies, has filed for Chapter 11 bankruptcy, citing legal and structural compliance issues. The company owns 4.7 million Ripple shares, but now faces regulatory scrutiny and federal investigations over past practices. Bankruptcy Filing Follows SEC Compliance Allegations Filed with the U.S. District Court for the Southern District of Texas, the Chapter 11 petition comes amid mounting legal pressure and reported internal misconduct. Linqto’s new management claims the platform may have violated U.S. securities laws, with an internal review uncovering disturbing evidence. “Linqto customers never owned the…
Author: Blockto Team
SharpLink Gaming (NASDAQ: SBET) saw its share price jump as much as 26% after announcing a major purchase of Ethereum (ETH), signaling a bold crypto-centric treasury strategy that continues to attract investor attention. SharpLink Buys 7,689 More ETH, Expanding Holdings Beyond 200,000 On Tuesday, the Minneapolis-based online gaming and technology firm revealed the acquisition of an additional 7,689 ETH, worth approximately $19.2 million. This purchase brings its total Ethereum holdings to 205,634 ETH, currently valued at over $533 million. “We are building Ethereum into the backbone of our corporate treasury strategy,” the company said in a statement. SharpLink paid an…
KULR Technology Group, a leader in thermal management and energy safety solutions, has announced the successful acquisition of a $20 million credit facility from a major digital asset lending firm. The financing is intended to support the company’s ongoing Bitcoin accumulation strategy, which aligns with its broader treasury diversification plan. Bitcoin-Backed Loan Enables Strategic Expansion The multi-draw credit facility allows KULR to access capital without issuing new equity. Borrowings will be secured by the company’s existing Bitcoin holdings, enabling non-dilutive funding at competitive rates. CEO Michael Mo described the move as a step forward in strengthening the firm’s financial foundation…
BONK, a leading Solana-based memecoin, has reclaimed bullish momentum with a notable 11% price rally, positioning itself as the fourth-largest memecoin by market capitalization. The surge comes amid strong community activity, increased platform dominance, and rising speculation about institutional interest. BONK Rebounds After Sharp Correction Over the 24 hours ending July 8, BONK rebounded from a low of $0.000021124 and closed near $0.000022868, maintaining a strong presence within a bullish consolidation zone. At the time of writing, BONK trades at $0.0000228, slightly off its intraday high of $0.000023862. The price range spanned 11.49%, highlighting strong volatility and renewed buying interest.…
In a bold move that signals deeper entry into the crypto sector, Truth Social—the media platform under Trump Media & Technology Group—has filed an official registration with the U.S. Securities and Exchange Commission (SEC) to launch a “Crypto Blue Chip” ETF. A Diversified Crypto ETF Targeting Leading Assets According to the preliminary filing, the ETF will focus on major digital assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO). The planned initial allocation will be approximately: This structure aims to create a balanced exposure to the most established and liquid cryptocurrencies, while also embracing rising assets like…
As the cryptocurrency market grows more complex, Bitget has introduced “GetAgent,” an AI-powered trading assistant designed to make digital asset investing more intuitive and data-driven. GetAgent: AI Meets Crypto Trading Launched to select users through invitation codes, GetAgent is Bitget’s latest innovation aimed at lowering the entry barrier for crypto traders. The tool integrates real-time market data, technical indicators, and user preferences into a single, chat-based interface that acts like a 24/7 trading companion. “AI is shaping a new era of trading—more efficient, more informed, and more user-led,” said Bitget CEO Gracy Chen during the launch announcement. Unlike conventional signal…
In a landmark move for South Asia’s fintech landscape, Pakistan has officially established the Pakistan Virtual Assets Regulatory Authority (PVARA). This independent regulatory body is set to oversee, license, and supervise the country’s virtual asset service providers (VASPs) as Pakistan embraces its growing digital economy. Future-Ready Framework for Crypto Oversight The formation of PVARA marks a strategic shift in Pakistan’s regulatory direction, aligning it with global financial innovation standards. The authority will ensure compliance with international frameworks, including those set by the Financial Action Task Force (FATF). Its mandate includes: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, emphasized the…
Tether, the issuer of the world’s largest stablecoin, USDT, has announced a strategic investment in blockchain analytics firm Crystal Intelligence. This move aims to enhance Tether’s capabilities in combating crypto-related fraud, a growing threat in the global digital finance ecosystem. Tether Expands Focus on Risk Monitoring and Fraud Detection With this investment, Tether now gains direct access to Crystal’s suite of forensic and regulatory intelligence tools, allowing real-time monitoring of suspicious activity involving USDT. These tools will also support fraud detection and law enforcement collaboration, a priority area for Tether amid rising financial crime in the crypto space. The partnership…
Robinhood Markets is under regulatory review in Europe over its newly launched tokenized equity initiative, which offers blockchain-based “stock tokens” to retail investors. Robinhood’s Stock Tokenization Strategy Explained On June 30, Robinhood launched a promotional campaign targeting EU users, offering exposure to high-profile companies like OpenAI and SpaceX through digital tokens. These tokens, built on the Arbitrum Layer 2 blockchain, are derivatives — not real equity shares, according to CEO Vlad Tenev. “These are not actual stocks. They’re synthetic products designed to give price exposure,” said Tenev, in response to public concerns. However, OpenAI quickly distanced itself from the campaign,…
As Hong Kong gears up for the official rollout of its stablecoin licensing framework on August 1, the race among financial and tech giants to secure a license is heating up. Reports from Chinese financial sources indicate that over 40 firms are preparing applications, signaling intense interest in becoming one of the first officially recognized stablecoin issuers in the region. HKMA Stablecoin Framework Sparks Industry Rush The Hong Kong Monetary Authority (HKMA) has taken a firm stance on digital asset regulation. With the launch of this regime, the HKMA aims to bring structure and compliance to fiat-referenced stablecoins, mandating strict…