U.S. spot Bitcoin ETFs recorded a dramatic $1 billion net inflow rebound over two consecutive days, bringing cumulative inflows to nearly $50 billion since their debut in January 2024. Bitcoin ETFs See Strong Demand Following Market Dip After suffering $342.2 million in net outflows on Tuesday, U.S. spot Bitcoin ETFs surged back into positive territory with $407.8 million in net inflows on Wednesday, followed by $601.8 million on Thursday, per data compiled by The Block. Fidelity’s FBTC led the charge, adding $421.1 million across both days, while BlackRock’s IBIT returned to positive flows with a $224.5 million gain on Thursday.…
Author: Blockto Team
A newly launched U.S. crypto-focused ETF is gaining strong investor interest by offering more than just spot Bitcoin exposure. The Nicholas Crypto Income ETF (BLOX), launched on June 17, has already attracted $4.52 million in net inflows, with total assets under management (AUM) reaching approximately $4.9 million. What Is the BLOX ETF and Why It Stands Out BLOX is actively managed and provides diversified exposure to the digital asset ecosystem, while also implementing options income strategies. It is part of the XFUNDS by Nicholas Wealth, launched in partnership with Tidal Investments LLC. Unlike traditional ETFs that track a single crypto…
A California man who lost over $20 million in a crypto romance scam has filed new lawsuits against East West Bank and Cathay Bank, accusing them of aiding and abetting financial fraud by failing to detect suspicious wire activity. This follows a similar legal move last week, when the same victim sued Citibank, alleging negligence and failure to act on warning signs. Victim Alleges East West and Cathay Banks Ignored Red Flags Michael Zidell, the alleged victim, filed complaints in California federal court claiming both East West Bank and Cathay Bank “turned a blind eye to their statutory obligations.” These…
In a bold and unprecedented move, Chinese microchip manufacturer Nano Labs has officially launched its initiative to acquire up to 10% of the total circulating supply of BNB, Binance’s native token. The company confirmed on Thursday that it had completed a $50 million BNB purchase, marking the first step in a strategy that could reshape crypto treasuries. Nano Labs Aims to Hold $1 Billion in BNB Founded in 2019 by former Canaan Technology executives Kong Jianping and Sun Qifeng, Nano Labs (NASDAQ: NA) has publicly committed to investing up to $1 billion in BNB. The company has already accumulated $160…
The NEAR Protocol (NEAR) token recorded a sharp 9.77% intraday surge, climbing from $2.15 to $2.36 between July 2 and July 3. The bullish move was triggered by strong volume and investor excitement surrounding the launch of a regulated NEAR staking ETP (Exchange-Traded Product) in Europe. NEAR Token Breaks Resistance, Hits $2.36 High In the early hours of July 3, NEAR managed to break above the $2.30 resistance level, a key psychological and technical barrier. The price peaked at $2.36, backed by a significant spike in trading volume—indicating strong bullish interest in the token. However, profit-taking by traders emerged shortly…
In a remarkable stroke of luck, a solo Bitcoin miner operating with just 2.3 petahashes per second (PH/s) of hashpower has successfully mined a full Bitcoin block, netting an impressive $349,028 in block rewards. This rare event highlights both the unpredictable nature of Bitcoin mining and the ongoing relevance of individual miners in a network dominated by large-scale operations. Block 903883 Solved: $349K Earned by Solo Miner On Thursday, the solo miner struck digital gold by solving block 903883 on the Bitcoin network. The reward totaled 3.173 BTC, according to data from Mempool Space. The miner was operating through the…
Bitmine Immersion (BMNR), the Ethereum-focused firm chaired by crypto veteran Thomas Lee, has become the latest stock market sensation. The company’s shares surged over 3,000% in less than a week, topping $140 on Thursday, following the announcement of a $250 million capital raise aimed at buying ether (ETH). Yet, while investor excitement is soaring, market observers are urging caution—pointing to Sharplink Gaming’s (SBET) recent 4,000% rally and subsequent 90% crash as a cautionary parallel. BMNR Rockets on Ethereum Treasury Strategy Originally known for its immersion-cooled crypto mining operations, Bitmine Immersion is now positioning itself as a public proxy for Ethereum,…
In a landmark move, Republican leaders in the U.S. House of Representatives have declared July 14–18 as “Crypto Week,” during which they plan to consider three major cryptocurrency bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. This coordinated legislative effort aims to fast-track the crypto agenda of President Donald Trump, who has called for swift regulatory clarity and protection of digital asset innovation in the U.S. 1. GENIUS Act: Stablecoin Regulation in Focus The GENIUS Act, which passed the Senate with bipartisan support in June, will take center stage during Crypto Week. It outlines a…
BONK, the Solana-based memecoin, is making headlines as it spearheads a fresh altcoin rally amid Bitcoin’s climb toward new all-time highs. With an 8% price surge, a potential 2x BONK ETF launch, and an anticipated 1 trillion token burn, BONK’s bullish momentum is capturing serious market attention. BONK’s Price Surge Tied to ETF Buzz and Community Growth BONK has jumped over 8% in the last 24 hours, outperforming the broader altcoin market. The rally follows Tuttle Capital Management’s confirmation that July 16 could mark the earliest launch date for its suite of leveraged crypto ETFs — including a 2x BONK…
Key Highlights of the Ondo Catalyst Program Ondo Finance, a leading real-world asset (RWA) tokenization platform, has partnered with Pantera Capital, a prominent crypto investment firm, to launch a $250 million investment initiative called Ondo Catalyst. The program will focus on funding projects that advance on-chain capital markets and tokenized finance. 1. Focus on Tokenized Real-World Assets (RWAs) The Ondo Catalyst initiative will invest in: Nathan Allman, CEO of Ondo Finance, stated: “The financial system is undergoing a fundamental upgrade. By supporting infrastructure and applications that unlock real-world utility for tokenized assets, we’re helping reshape how capital moves around the world.” 2. Why Tokenization is Gaining Momentum Tokenization—converting traditional assets like stocks, bonds,…