Coinbase Global (COIN) is closing in on its record closing high of $357.39, set in November 2021, after surging to a 52-week intraday peak of $369.25 on Wednesday. The rally reflects renewed investor confidence in the U.S. crypto sector, driven by rising Bitcoin prices, pro-crypto policy momentum, and robust revenue growth. Year-to-Date Rally Gains Strength Coinbase stock has gained over 42% in 2025 and is now up 133% from its April low, which followed a market-wide downturn triggered by President Trump’s “Liberation Day” tariffs. As of the latest session, COIN was trading around $352, giving the company a market capitalization…
Author: Blockto Team
Zama, a pioneering cryptography startup specializing in fully homomorphic encryption (FHE), has raised $57 million in a Series B funding round, officially becoming the first unicorn in the FHE space with a valuation exceeding $1 billion. The latest raise was co-led by Blockchange Ventures and Pantera Capital, and brings Zama’s total funding to over $150 million, positioning the company at the forefront of secure blockchain and AI innovation. What is Fully Homomorphic Encryption (FHE)? FHE allows computation on encrypted data—meaning sensitive information can remain private even during processing. This breakthrough has major implications across industries like: Zama’s Mission: Encryption Without…
GameStop (GME) has boosted its financial firepower for Bitcoin acquisition and corporate investments, raising an additional $450 million after underwriters exercised their greenshoe option from the company’s recent convertible debt offering. This brings the total proceeds from the mid-June zero-coupon convertible note sale to $2.7 billion, according to a recent SEC filing. Breakdown of the Capital Raise The initial private placement raised $2.25 billion, and the full greenshoe option — a 13-day provision allowing underwriters to buy more notes — added $450 million. The convertible senior notes, due in 2032, allow conversion to GameStop Class A shares at $28.91, representing…
ProCap BTC, the bitcoin-focused investment firm founded by Anthony Pompliano, has purchased 1,208 BTC for $128 million, marking its second consecutive day of large-scale accumulation. The company now holds 4,932 bitcoin, acquired at an average price of $105,977 per coin, as Bitcoin trades above $107,000. Accelerating Toward a $1 Billion Target The purchase follows Monday’s announcement of a $385 million bitcoin acquisition and ProCap’s upcoming public market debut through a $1 billion merger with Columbus Circle Capital Corp. (CCCM). Upon completion of the deal, the company will be renamed ProCap Financial, Inc. The firm’s stated goal is to hold up…
Bitcoin surged nearly 2% to reclaim the $107,000 level, marking a strong recovery from weekend lows after a tentative ceasefire agreement between Iran and Israel calmed investor nerves. The rebound in crypto markets came despite continued caution from the U.S. Federal Reserve, with Chair Jerome Powell maintaining a neutral stance on interest rate policy. Ceasefire Triggers Relief Rally Geopolitical tensions had rattled the markets earlier this week, with Bitcoin dropping below $100,000 after military exchanges between Iran and Israel. However, news of an apparent Middle East truce on Wednesday boosted sentiment, sparking a broad crypto market recovery. The total crypto…
Senator Cynthia Lummis, a leading voice in U.S. digital asset policy, has set a realistic target of year-end 2025 for passing major crypto legislation, despite President Donald Trump’s public push for an August signing deadline. Speaking at a Bitcoin Policy Institute event in Washington, D.C., Lummis acknowledged the growing partisan divide but expressed cautious optimism. Stablecoin Bill Passes, But More Work Ahead The Senate recently passed a major stablecoin bill, marking progress toward a comprehensive framework for U.S. digital assets. However, key efforts remain, including: Lummis, who chairs the Senate Banking Committee’s digital assets subcommittee, warned that finalizing legislation will…
XRP is flashing a familiar signal that seasoned crypto traders may recognize — a bullish divergence between price and the MACD indicator, much like the pattern that preceded Bitcoin’s explosive run from $70,000 to $100,000 in late 2024. This technical setup has analysts eyeing a potential XRP rally in the near term. Resilience in the Face of Bearish Indicators Despite a bearish MACD histogram — a popular trend-following indicator — XRP has managed to hold its ground, trading within a tight $2.00–$2.60 range for weeks. Since the MACD crossed below zero in March 2025, a stronger downtrend was expected. However,…
Coinbase (COIN) is quickly redefining its position in the digital asset ecosystem, with Wall Street firm Bernstein raising its price target from $310 to $510. Despite persistent market skepticism, the report describes Coinbase as the “most misunderstood business in crypto”, emphasizing its growing influence across multiple verticals of the blockchain industry. Coinbase: Becoming the Universal Bank of Crypto Bernstein’s analysis underscores that Coinbase is not just an exchange, but an emerging universal bank for the crypto economy, serving retail users, institutions, and on-chain platforms. According to the report, no other crypto-native company matches Coinbase’s scale in bridging these layers. The…
Moca Chain, a newly launched Layer-1 blockchain backed by Animoca Brands, is set to transform how digital identities are managed, verified, and protected. Built for decentralized identity and data authentication, the network focuses on giving users, devices, and AI agents full control over their credentials, eliminating dependence on centralized entities. Purpose-Built Blockchain for Identity Management Launched by the Moca Foundation, Moca Chain is engineered to support privacy-preserving protocols that verify both onchain and offchain user data. The project introduces a robust framework that ensures individuals can manage their digital identities securely and independently. The network is scheduled to launch its…
Germany’s top financial watchdog BaFin has officially closed its enforcement case against Ethena GmbH, the German subsidiary of stablecoin issuer Ethena Labs. The move concludes a four-month regulatory conflict centered around the issuance of the USDe stablecoin and associated yield-bearing products. 42-Day Redemption Plan Finalized On Wednesday, Ethena Labs and BaFin jointly announced a 42-day redemption window for USDe holders. The plan, which began this week, will allow investors to file redemption claims with Ethena GmbH until August 6. All claims will be overseen by a BaFin-appointed special representative, ensuring legal and procedural compliance. After this date, Ethena GmbH will…