The Open Platform (TOP), a core development firm supporting projects on Telegram’s blockchain, has raised $28.5 million in a Series A extension, pushing its total funding to $70 million and securing a $1 billion valuation. Backed by Ribbit and Pantera, Aiming for Global Expansion The latest round was led by Ribbit Capital, with strong support from Pantera Capital, enabling TOP to officially achieve unicorn status among The Open Network (TON)-focused startups. The company plans to expand its presence across the U.S., European Union, and other global regions. This will involve launching portfolio companies, navigating regulatory licensing, and building infrastructure for…
Author: Blockto Team
South Korean crypto exchange Coinone has successfully appealed a legal case involving the double withdrawal of Bitcoin, with the Seoul Western District Court ruling in its favor on July 3, 2025. The dispute stemmed from a 2018 incident during a period of intense Bitcoin network congestion, where five users were able to withdraw BTC twice due to a technical glitch. Bitcoin Network Congestion Triggers Transaction Error The issue began in late 2017 to early 2018, a time when Bitcoin’s transaction volume surged, overwhelming the network and causing confirmation delays. Coinone’s system mistakenly interpreted the slow network confirmations as failed withdrawals,…
Abu Dhabi Securities Exchange (ADX) is set to list the first blockchain-based bond in the MENA region, issued by First Abu Dhabi Bank (FAB) through HSBC’s Orion platform, signaling a major milestone in the tokenization of real-world assets (RWA). Abu Dhabi Embraces Blockchain for Institutional Bonds The upcoming bond issuance, powered by distributed ledger technology, will enable global institutional investors to buy, settle, and hold the bond directly on blockchain networks. This promises faster settlement, reduced counterparty risk, and increased transparency across the bond trading process. The tokenized bond will be available through leading settlement systems, including Euroclear, Clearstream, and…
Former U.S. President Donald Trump has significantly boosted his fortune with investments in the cryptocurrency industry, adding at least $620 million in recent months, according to a recent report. This marks the first time that crypto holdings make up a meaningful portion of his net worth, now estimated at over $6 billion. Trump’s Crypto Holdings Surge to Nearly 9% of His Wealth The Bloomberg-sourced analysis indicates that roughly 9% of Trump’s wealth now stems from crypto ventures. While his primary financial assets remain in real estate and the Trump Media and Technology Group, the growth of his digital asset portfolio…
Bitcoin (BTC) briefly pushed above $110,000 on Thursday before quickly reversing gains as robust U.S. jobs data sent shockwaves through financial markets. The data lowered the probability of a Federal Reserve interest rate cut in July, pressuring risk assets like crypto. US Jobs Beat Expectations, Hurting Rate Cut Sentiment The latest nonfarm payrolls report showed that the U.S. economy added 147,000 jobs in June, beating forecasts of 110,000. Moreover, the unemployment rate unexpectedly fell to 4.1%, down from the anticipated 4.3%. This “hot” labor data prompted markets to slash expectations of a July Fed rate cut, with some analysts declaring…
As publicly traded companies increasingly add crypto to their balance sheets, analysts at Franklin Templeton Digital Assets have issued a strong caution: the corporate crypto treasury model carries serious systemic risk if not managed carefully. The Rise of Corporate Crypto Treasuries Inspired by Strategy (formerly MicroStrategy), more than 135 public firms now hold Bitcoin (BTC) as part of their core treasury strategy, according to data from Bitcoin Treasuries. Others like Metaplanet, Twenty One, SharpLink, and Sol Strategies are following suit with Ethereum (ETH) and Solana (SOL) as well. These companies raise capital through various instruments — convertible notes, preferred shares,…
Robinhood CEO Vlad Tenev has clarified that the newly introduced “stock tokens” offering retail exposure to private companies like OpenAI and SpaceX are not actual equity, but rather blockchain-based derivative contracts. The clarification follows sharp criticism from Sam Altman’s OpenAI, which stated that it did not authorize any token or trading product representing its shares. What Are Robinhood’s Stock Tokens? Unveiled at a crypto event in Cannes, Robinhood’s stock token initiative gives EU-based users blockchain-powered exposure to private and public company shares. In a post on X, Tenev described the program as “a seed for something much bigger,” calling it…
Both Shiba Inu (SHIB) and BONK, two of the most watched memecoins in the crypto market, are showing strong bullish momentum, backed by technical patterns and rising volumes. The recent rallies come as BONK ETF speculation gains traction and SHIB attracts growing investor interest. Shiba Inu Price Surges After Bullish Reversal Pattern Shiba Inu (SHIB) surged 5.2% in the past 24 hours, rising from $0.00001136 to $0.00001195. The move confirmed an inverse head-and-shoulders (H&S) pattern on the hourly chart—a classic technical signal of bullish reversal. “Technical indicators suggest continued bullish momentum as SHIB maintains prices above the newly established support…
The U.S. labor market surprised to the upside in June, adding 147,000 jobs, far exceeding Wall Street’s forecast of 110,000. Meanwhile, the unemployment rate unexpectedly dropped to 4.1%, contradicting expectations for a rise to 4.3%. Key June 2025 Jobs Data at a Glance Fed Rate Cut Hopes Fade for July The stronger-than-expected job growth bolsters Federal Reserve Chair Jerome Powell’s patient stance on monetary policy. Despite calls from President Trump for immediate and aggressive rate cuts, Powell has maintained that the economy remains stable, warranting caution before easing. “The Fed can afford to be patient,” Powell noted earlier this month,…
The International Monetary Fund (IMF) has officially rejected Pakistan’s proposal to subsidize electricity for Bitcoin mining, citing serious concerns over market distortions and inefficiency. Pakistan’s Bitcoin Ambitions Face Global Pushback According to Secretary of Power Dr. Fakhray Alam Irfan, the IMF has pushed back on multiple occasions against Pakistan’s efforts to offer discounted electricity for crypto mining and other high-energy industries. The Pakistani government planned to allocate 2,000 megawatts from its 7,000 MW surplus at a subsidized rate of 23–24 rupees ($0.08) per kWh. The proposal, first pitched in September 2024, was meant to serve as a six-month marginal cost…