In a bold move that could reshape how digital assets are held and managed, former Blackstone executive Chinh Chu and Tether co-founder Reeve Collins are seeking to raise $1 billion for a publicly traded cryptocurrency treasury firm. The project aims to diversify from the industry’s common Bitcoin-only approach by building a multitoken reserve that includes Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). A Multitoken Treasury Strategy Amid Rising Institutional Interest The effort will be led by former Hut 8 Mining CEO Jaime Leverton, with Wilbur Ross, former U.S. Commerce Secretary, and Gabriel Abed, ex-ambassador of Barbados to the UAE and…
Author: Blockto Team
Invesco, one of the world’s largest asset managers, has officially entered the spot Solana ETF race, filing a registration statement with U.S. regulators in collaboration with Galaxy Digital. The proposed Invesco Galaxy Solana ETF would directly hold Solana (SOL) and aim to track its market price in real time. ETF Details and Listing Plans The newly proposed ETF would be listed on the Cboe BZX Exchange under the ticker symbol “QSOL.” If approved, it will join a growing list of crypto-backed exchange-traded products offering direct exposure to digital assets. The filing also mentions that the ETF could stake a portion…
India may be on the verge of a strategic pivot in its crypto stance as Pradeep Bhandari, national spokesperson for the ruling Bharatiya Janata Party (BJP), called for the country to explore a Bitcoin reserve pilot. His appeal comes as the United States and other global powers accelerate their involvement in digital assets. India’s Crypto Paradox: Taxed but Unregulated India currently taxes crypto assets heavily while offering no formal regulatory framework. Under Section 115BBH of the Income Tax Act, profits from virtual digital assets (VDAs) like Bitcoin and Ether are taxed at 30%, with an additional 1% Tax Deducted at…
The meme coin PEPE has extended its downtrend, falling 4.7% in the past 24 hours to trade at $0.00000939, as investor interest continues to shift away from high-risk altcoins toward Bitcoin and larger-cap assets. The decline comes even after brief rebounds and an earlier boost from Elon Musk’s public nod in April. PEPE Faces Resistance as Market Sentiment Rotates PEPE’s price has failed to sustain upward momentum in recent sessions, facing strong resistance at $0.00001013. Despite short-lived rallies, bearish sentiment is prevailing, reflecting a broader rotation in the crypto market. Analysts point to the token’s volatile intraday activity and lack…
Taurus, a leading digital asset infrastructure provider, has introduced the first-ever private stablecoin contract, designed specifically for financial institutions and enterprises seeking privacy in digital payments. This contract is built on the Aztec Network, an Ethereum Layer-2 platform known for its zero-knowledge (ZK) encryption. Addressing Institutional Privacy Demands The launch aims to solve a pressing issue: privacy concerns in stablecoin transactions. Traditional stablecoins like USDC or USDT expose transaction details on public blockchains. Taurus’ solution changes that by enabling encrypted transfers while maintaining issuer-controlled compliance. “This addresses concerns that we’ve repeatedly heard from banks looking at issuing stablecoins, central banks,…
Over the last two hours, M87 (Messier) has displayed noticeable volatility, with key moving levels forming between $0.00002927 and $0.00003741. This represents a +27.7% intraday high-to-low range, driven by organic inflows and technical bounce dynamics. Intraday Movement and Key Levels According to live data, M87’s price fluctuated from a low of $0.00002927 to a high of $0.00003741, with the current quote near $0.00003736, reflecting a modest +0.25% gain since the previous close . These rapid movements suggest spot market demand, likely driven by short-term traders and small-scale inflows. Volume Drivers and Market Context While exact volume ticks aren’t detailed in…
The SEI token has captured investor attention after skyrocketing over 50% in the past week, outperforming every other top-100 cryptocurrency. The rally, described by analysts as a textbook example of a “clean, multi-factor breakout,” is being driven by a convergence of strong on-chain metrics, institutional recognition, and ecosystem incentives. Wyoming Stablecoin Pilot Boosts Institutional Confidence A major catalyst for SEI’s rally is its selection as one of the settlement layers for the Wyoming Stable Token (WYST) pilot. The Wyoming Stable Token Commission awarded Sei a high technical score, citing its high transaction throughput, low fees, and fast finality. This move…
The DeFi protocol ResupplyFi has become the latest target in a string of high-value exploits, suffering a $9.6 million loss due to a price manipulation attack involving its wstUSR lending market. The incident raises serious concerns about the security of synthetic asset mechanisms within decentralized finance. How the Attack Happened Blockchain security researchers revealed that the exploit was triggered through a vulnerability in the ResupplyPair smart contract. The attacker artificially inflated the price of cvcrvUSD, a wrapped version of Curve’s stablecoin staked in Convex Finance, by sending high-value token donations. This artificially boosted the share price used by ResupplyFi’s smart…
XRP rallied nearly 6% in late trading on Wednesday, fueled by institutional flows, whale transfers, and renewed retail interest, with Google search trends for “XRP to $3” hitting multi-month highs. Breakout Above $2.20 Sparks Momentum The rally saw XRP rise from $2.19 to a session high of $2.23, before consolidating between $2.19 and $2.20 in a sign of new support being established. The breakout was marked by a massive volume spike of 108.12 million XRP, nearly four times the hourly average, signaling real capital flow behind the move. Price action confirmed a bullish breakout zone between $2.19 and $2.23, with…
The U.S. spot Bitcoin ETFs have notched a twelve-day net inflow streak, amassing nearly $3.9 billion in fresh capital as Bitcoin’s price rallies back above $107,000. This surge in ETF activity is closely tied to dollar weakness and rising investor appetite for digital assets amid macroeconomic uncertainty. BlackRock Leads the Charge in Bitcoin ETF Dominance According to the latest data, BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate inflows, raking in $340.3 million on June 25 alone. Fidelity’s FBTC followed with $115.2 million, while ARKB, BITB, and HODL added $70.2M, $12.9M, and $9.1M respectively. IBIT has accounted for over $3.3…