American Bitcoin, a crypto mining firm backed by Eric Trump and Donald Trump Jr., has raised $220 million in private funding to support its ambitious Bitcoin accumulation and infrastructure plans. The capital will be used to purchase Bitcoin and mining equipment, as the company prepares for a public market debut later this year. $220 Million Raised Through Private Share Placement According to a recent SEC filing, American Bitcoin sold over 11 million new shares in a private placement on Friday, securing $220 million from institutional investors. Notably, approximately $10 million worth of shares were purchased with Bitcoin rather than cash,…
Author: Blockto Team
Solana ETF Approval Sparks Market Rally The first Solana (SOL) staking ETF is expected to hit the market this week, causing SOL’s price to jump 5% in early trading. The REX-Osprey SOL+Staking ETF, developed by Rex Shares and Osprey Funds, is confirmed to begin trading on Wednesday, according to an Osprey spokesperson. Key Details of the Solana ETF Launch Following the announcement, SOL’s price surged to $157, though it later stabilized with a 24-hour gain of 2.3%. Why This ETF Matters for the Crypto Market This marks the first Solana-focused ETF in the U.S., setting a precedent for future spot SOL ETFs. Unlike Bitcoin and Ethereum ETFs, which track the asset’s…
Key Crypto Tax Reforms Proposed in Amendment A significant crypto tax measure is being introduced into the U.S. budget bill, aiming to reduce tax burdens on small-scale cryptocurrency transactions and core industry activities. The amendment, led by Senator Cynthia Lummis, seeks to exempt transactions under $300 from taxation while addressing critical issues in staking, mining, and crypto lending. Tax Relief for Small Crypto Transactions The proposed amendment includes a de minimis exemption, eliminating taxes on crypto transactions below $300, with an annual cap of $5,000. This change would simplify tax reporting for casual users, removing the need to calculate capital gains on minor transactions. Supporters argue this could encourage broader crypto adoption by reducing compliance hurdles.…
Bitcoin Price Faces Key Resistance Ahead of Monthly and Quarterly Close As Bitcoin (BTC) approaches the critical monthly and quarterly candle closes, market volatility is rising. On June 30, BTC briefly touched $108K before retracing slightly, trading around $107,513 at the time of writing. This price movement occurs amid a surge in leveraged long positions and an increasingly tight liquidity battle between bulls and bears. Order book data across exchanges shows a buildup of long liquidation zones between $106K–$107K, while short positions face liquidation just above $108K, suggesting that a short squeeze could be imminent if Bitcoin breaks higher. Short…
Crypto exchange-traded products (ETPs) experienced strong investor demand in the first half of 2025, although inflows dipped slightly compared to last year’s figures. According to recent data from digital asset manager CoinShares, global crypto ETPs recorded $17.8 billion in net inflows, representing a 2.7% decline from H1 2024, which saw $18.3 billion. Bitcoin Leads the Pack With $14.9 Billion in Inflows The data reveals that Bitcoin ETPs dominated the inflow chart, contributing 84% of all crypto ETP inflows in the first six months of 2025. Bitcoin-related products saw $14.9 billion in net investments, underscoring the asset’s continued appeal to institutional…
The Ethereum community is marking the 10th anniversary of the network’s genesis block with an innovative onchain “time capsule” project. This initiative aims to honor the history, culture, and vision that has shaped the world’s second-largest blockchain since its inception. What Is the Ethereum Time Capsule? Unveiled at the Ethereum Community Conference (EthCC), the time capsule allows participants to lock encrypted messages, art, memories, and predictions into Ethereum-based smart contracts. These entries will remain sealed for one year and automatically decrypt on July 30, 2026, commemorating Ethereum’s 11th anniversary. All proceeds from submissions will be donated to the Protocol Guild…
Robinhood Expands Into Tokenized U.S. Equities for EU Users Robinhood, the popular online brokerage platform, has announced a major expansion into tokenized equities, enabling EU-based users to invest in over 200 tokenized versions of U.S. stocks and ETFs. “We’ve launched U.S. stock and ETF tokens in the EU, giving eligible customers exposure to U.S. equities,” the company stated in a blog post on June 30. Tokenized equities are digital representations of traditional stocks, allowing fractional ownership and 24/7 trading — innovations that could unlock billions in new investor demand across global markets. Holders of these stock tokens will also receive…
Royal Government Moves 137 BTC to Binance as Market Eyes Sell Pressure The Royal Government of Bhutan has reportedly moved 137.245 bitcoin (BTC), valued at around $14.77 million, to the Binance crypto exchange on June 30, 2025, according to Arkham Intelligence blockchain data. This move has sparked speculation about a possible near-term sell-off, particularly as large-scale transfers to exchanges typically signal an intent to sell. The activity coincides with a period of price consolidation for Bitcoin, which is currently trading at approximately $107,000. Bhutan’s Bitcoin Holdings Approach $1.3 Billion Bhutan, a small Himalayan kingdom known more for its Gross National…
A Strategic Appointment for U.S. Crypto Regulation In a significant move for crypto regulatory collaboration, Avery Ching, CEO and co-founder of Aptos Labs, has joined the Commodity Futures Trading Commission (CFTC) Digital Asset Markets Subcommittee. This appointment highlights the growing effort to bridge the gap between blockchain innovators and U.S. regulators. Part of the CFTC’s Global Markets Advisory Committee (GMAC) Ching joins a lineup of key industry figures, including: These leaders will collaborate within the Digital Asset Markets Subcommittee, a branch of the CFTC’s Global Markets Advisory Committee (GMAC). The GMAC’s mission is to enhance the global competitiveness of U.S.…
Wall Street Bank Initiates Circle (CRCL) With Underweight Rating and $80 Price Target In a surprising move, JPMorgan has initiated coverage of Circle (CRCL) — the issuer of the USDC stablecoin — with an underweight rating and a price target of $80, sharply below the stock’s current price of around $189. “Circle’s valuation is outside our comfort zone,” said JPMorgan analysts, citing concerns about overvaluation following the company’s meteoric rise post-IPO. Circle’s Stock Surges After IPO, Raising Valuation Concerns Circle went public in June 2025, pricing its shares at $31, but the stock quickly soared to an all-time high of…