The recent TON Foundation Golden Visa announcement has become a case study in regulatory missteps within the crypto industry. Aimed at offering 10-year UAE Golden Visas in exchange for Toncoin staking, the announcement sparked market excitement—until UAE regulators quickly denied its validity. TON’s Golden Visa Announcement Triggers Controversy On July 6, the TON Foundation unveiled a staking program requiring users to stake $100,000 in Toncoin for three years and pay a $35,000 processing fee to obtain a UAE Golden Visa. The announcement, which gained traction on social media, implied a formal partnership with UAE authorities. However, within 24 hours, UAE…
Author: Blockto Team
Investor sentiment surged across South Korea’s financial markets following trademark applications for stablecoins by several major banks. The rally highlights growing confidence in the banking sector’s entry into the digital asset space — even as regulatory clarity remains limited. Stablecoin Trademark Applications Trigger Market Reaction On June 23, Kakao Bank filed for at least 12 stablecoin-related trademarks, according to World Intellectual Property Organization (WIPO) records. The filings were followed by a sharp spike in the company’s share price, which rose from $22.60 to $27 — a 19.3% gain in a single day. The increase in stock value underlines investor optimism…
Bitcoin Replaces Cash as Core Treasury Asset for MSTR Strategy (MSTR) has solidified its position as one of the most aggressive corporate adopters of Bitcoin, now holding approximately $65 billion worth of BTC on its balance sheet. This places it 11th among U.S. companies by corporate treasury size, just behind NVIDIA’s $66 billion in cash reserves, and far below Berkshire Hathaway’s industry-leading $410 billion in liquid assets. Bitcoin Holdings Outperform Traditional Treasury Benchmarks The company’s bold strategy includes not only holding large amounts of Bitcoin but also issuing perpetual preferred stock as part of its broader $42 billion capital plan.…
Strategic Shift Aligns Leadership With Shareholders In a landmark move for corporate crypto adoption, Remixpoint, a Tokyo-listed energy consulting firm, announced it will begin paying its CEO entirely in Bitcoin. The decision makes it the first publicly listed company in Japan to offer executive compensation in digital assets. “By receiving compensation in Bitcoin, the company’s leadership will share the same economic fate as shareholders,” Remixpoint stated in its official announcement. The change reflects a bold initiative to foster tighter alignment between executive performance and shareholder interests, especially amid restrictions that prevent insider stock ownership under Japanese trading laws. CEO Commits…
Despite trading just below all-time highs, Bitcoin is showing no signs of overheating, according to the widely followed Mayer Multiple metric. As of July 8, Bitcoin is hovering near $108,000, up over 90% year-on-year, yet on-chain data suggests it remains undervalued. TA BY BITX The Mayer Multiple compares Bitcoin’s current price to its 200-day simple moving average (SMA). A value between 0.8x and 1.5x is considered neutral, while anything above 2.4x signals a potential market top. Bitcoin Trading at Just 1.1x of 200-Day Average At its current level, the Mayer Multiple sits at just 1.1x, which is firmly within the…
IBIT Surpasses Traditional Market Giants in Just 18 Months BlackRock’s iShares Bitcoin Trust (IBIT) has reached a landmark milestone, now holding over 700,000 Bitcoin, equivalent to $76 billion in assets under management (AUM). This surge cements IBIT’s position as the most dominant Bitcoin ETF on the market, only 18 months after its debut. Launched in January 2024, IBIT has rapidly overtaken legacy ETFs, surpassing well-established funds such as the iShares Core S&P 500 ETF (IVV) and the Russell 2000 ETF (IWM) in terms of AUM. The fund’s aggressive accumulation now places it ahead of MicroStrategy, which holds around 600,000 BTC,…
Australian crypto fund manager DigitalX has raised A$20.7 million (US$13.5 million) through a strategic placement led by several high-profile investors including Animoca Brands, UTXO Management, ParaFi Capital, and Simon Gerovich, the CEO of Japan’s Bitcoin-heavy public company Metaplanet. Bitcoin Treasury Expansion as Core Focus According to the announcement made on July 8, DigitalX will allocate approximately US$12.9 million of the raised capital toward expanding its Bitcoin treasury, reinforcing its long-term commitment to the asset as the cornerstone of its digital asset strategy. The remaining funds will be used to support offer-related expenses and general working capital. “This capital raise marks…
Japanese firm aims to turn Bitcoin treasury into leverage for cash-generating acquisitions Metaplanet, a Tokyo-listed firm known for its bold Bitcoin accumulation strategy, is preparing to enter the next phase of its corporate evolution—acquiring cash-generating businesses using Bitcoin as collateral. Among its most ambitious targets is a digital bank in Japan, a move that could significantly reshape the country’s financial services landscape. From Hotel Operator to Bitcoin Powerhouse Originally operating in the hospitality sector, Metaplanet began diversifying into Bitcoin in 2024 to hedge against rising inflation and currency devaluation. Since then, the firm has aggressively expanded its holdings, recently purchasing…
BitFuFu, a leading cloud-based Bitcoin mining company headquartered in Singapore, has reported its most productive month of 2025, mining 445 BTC in June. This marks an 11.3% increase from May, with the majority — 387 BTC — mined via cloud infrastructure, and 58 BTC generated through self-mining operations. CEO Leo Lu attributed the increase to the continued expansion of BitFuFu’s mining fleet, driven by a strategic partnership with Bitmain, a global hardware giant. Under a two-year agreement signed in January, BitFuFu is acquiring up to 80,000 Bitcoin mining rigs, which has rapidly scaled their operational capabilities. Operational capacity reaches new…
Dogecoin (DOGE) has shown early signs of recovery after a recent 4.6% pullback, stabilizing between $0.166 and $0.167, a region now acting as strong technical support. As of July 8, DOGE trades at $0.168, recovering modestly from an intraday low of $0.166. Analysts are closely watching for a bullish breakout from the current triangle formation, which could open the path toward higher resistance zones. Whale accumulation signals rising confidence in Dogecoin A key factor behind renewed optimism in DOGE is a surge in whale accumulation, which has increased 112% in the past seven days. Despite a decline in retail participation,…