Massive Capital Injection Amid Strategic Crypto MovesUK-based digital firm, The Smarter Web Company, has secured a fresh capital boost of £41.2 million ($56.59 million), marking a pivotal step in its aggressive business expansion and Bitcoin treasury strategy. This funding comes just days after the firm purchased $20 million worth of Bitcoin, increasing its total crypto holdings to 543.52 BTC, currently valued at over $58 million. Breakdown of the Fundraising RoundThe capital raise was executed via accelerated bookbuild, a method that enables companies to raise funds quickly, typically in 1–2 days, without extensive marketing. Rapid Bitcoin Accumulation in JuneIn a bold…
Author: Blockto Team
South Korean Retail Investors Drive Circle Stock Surge South Korean retail traders have ignited a frenzy around Circle Internet Group (CRCL), making it the most heavily bought overseas stock in June. Since its public market debut on June 5, Circle’s stock has skyrocketed by over 500%, briefly pushing its market capitalization to a staggering $77 billion—surpassing the current market cap of its USDC stablecoin, which hovers around $61 billion. This surge reflects South Korea’s long-standing appetite for high-growth, tech-driven plays, particularly in the crypto and fintech sectors. Over $450 million has flowed from Korean retail traders into Circle stock this…
Ethereum (ETH) is holding above the critical $2,400 support level, signaling potential for an upcoming rally, according to several crypto analysts. After a sharp retracement from its recent peak, the asset now shows signs of strength despite broader market headwinds. Crucial Support Holding: ETH Above $2.4K Crypto analyst Michaël van de Poppe stated that Ethereum maintaining support above $2,400 is a promising sign. He suggested that ETH could soon be “testing the other side of the range,” potentially targeting the $2,800-$3,000 zone if momentum builds. As of now, ETH is trading at $2,452, having stabilized after falling from a high…
Bakkt Holdings Inc., a crypto infrastructure company and subsidiary of Intercontinental Exchange (ICE)—owner of the New York Stock Exchange—has filed a $1 billion shelf registration with the U.S. Securities and Exchange Commission (SEC). The move marks a strategic pivot toward digital asset accumulation, including Bitcoin, as part of a revised corporate investment policy. Shelf Offering Opens Door to Crypto Treasury Strategy Bakkt’s Form S-3 filing allows it to offer up to $1 billion in a mix of securities, including: This “shelf registration” enables Bakkt to quickly raise capital when market conditions are favorable—an advantage for a company with a limited…
The Lingerie Fighting Championships (LFC), a Las Vegas-based women’s MMA league, is embracing Bitcoin (BTC) as part of its treasury strategy. As the company prepares for its first shows in the United Kingdom this July, it has announced plans to purchase up to $2 million in BTC over the next six months, starting with an initial acquisition of $230,000 within 30 days. A Bold Treasury Move Amid Global Trend The move follows a growing trend among companies globally adopting a Bitcoin treasury strategy, inspired by firms like MicroStrategy. LFC’s decision appears to signal confidence in the long-term potential of the…
The first half of 2025 has become the worst period on record for crypto security, with losses surpassing $2.1 billion across 75 major hacks, according to a new report from blockchain intelligence firm TRM Labs. The majority of the thefts have been driven by private key exploits and front-end attacks, representing an alarming shift in attack sophistication and scale. 80% of Losses Tied to Infrastructure Attacks TRM Labs revealed that over 80% of the stolen funds came from infrastructure-level exploits, averaging 10x the impact of other attack vectors. These breaches often target the technical backbone of crypto systems, such as:…
As global financial systems rapidly evolve, Asian banks are quietly embracing stablecoins like USDT and USDC to defend against deposit flight and improve cross-border financial efficiency. While U.S. headlines have been dominated by the GENIUS Act and Circle’s (CRCL) IPO, Asia’s stablecoin strategy could have a long-term global impact. Stablecoins: A Strategic Defense Mechanism Amid tightening global liquidity and capital outflows, banks across Asia are increasingly viewing stablecoins as a protective financial tool. With customers moving funds to higher-yielding or faster platforms, deposit flight is emerging as a real threat. In response, financial institutions are turning to blockchain-based stablecoin systems…
Cathie Wood’s Ark Invest offloaded $12.5 million worth of Coinbase (COIN) shares on Thursday, cashing in on the exchange’s recent rally as its stock surged to a new record closing high of $375.07. The sale reflects profit-taking behavior following a sharp uptrend that has propelled Coinbase into the spotlight once again. Ark’s Selloff: Strategic Rebalancing Amid Market Optimism According to its daily trading disclosure, the Ark Innovation ETF (ARKK) sold 33,363 shares of Coinbase and 189,649 shares of Block Inc. (SQ), totaling approximately $24.8 million in proceeds across both trades. Block Inc. (SQ), another fintech favorite of Ark, saw a…
The criminal case against Michelle Bond, wife of former FTX Digital Markets co-CEO Ryan Salame, may soon be resolved without a trial. In a significant move, interim U.S. Attorney for the Southern District of New York, Jay Clayton—the former SEC Chair—requested a delay to allow both sides to explore a potential resolution. Prosecutors Request Time to Negotiate In a court filing on Thursday, Clayton asked the judge to exclude seven days under the Speedy Trial Act, emphasizing that the extra time would allow the government and defense to: Judge George Daniels agreed, canceling a July 15 hearing and rescheduling oral…
Core Scientific (CORZ) shares surged 25% on Thursday following a report that CoreWeave (CRWV), a leading AI and cloud infrastructure firm, has resumed acquisition discussions with the Bitcoin mining giant. This marks the second attempt by CoreWeave to acquire Core Scientific, after a previously unsuccessful offer in 2024. Buyout Buzz Drives Massive Stock Rally According to reports, while exact terms have not yet been finalized, negotiations are actively ongoing and a deal could be reached in the coming weeks. Last year, CoreWeave offered to acquire Core Scientific for $5.75 per share, valuing the company at approximately $1 billion. Fast forward…