Golden Cross on NDX Chart Signals Potential Upside in Risk Assets, Including Crypto The E-mini Nasdaq-100 (NDX) futures jumped over 1% on Tuesday, inching closer to their all-time high of $22,425 reached in December 2024 — and triggering a technical golden cross that could serve as a bullish catalyst for Bitcoin. A golden cross forms when the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA, indicating that short-term momentum is outpacing the longer-term trend. This is widely viewed by technical analysts as a strong signal of a major uptrend forming. Nasdaq and Bitcoin Correlation Strengthens Bull Case Historically,…
Author: Blockto Team
Turkey is taking a decisive step toward tighter crypto oversight. On June 25, the country’s Finance Ministry unveiled a proposal to implement stricter regulations on crypto platforms, targeting transparency, security, and international alignment. New Compliance Measures: Source and Purpose Checks According to state-backed Anadolu Agency, the new rules will require crypto platforms in Turkey to: The aim is to prevent money laundering, fraud, and illegal betting transactions while maintaining the legal use of crypto. Stablecoin Transfers Face Strict Daily and Monthly Limits A core part of the plan targets stablecoin transactions, which are often used for fast capital movement: Platforms…
Despite Token Crash, Celestia Claims 6-Year Runway and Industry Leadership in DA Market As accusations mount against Celestia’s leadership over insider sales and market manipulation, co-founder Mustafa Al-Bassam is breaking his silence — dismissing the claims as “ridiculous FUD” and asserting that the project remains financially strong and fully committed to its long-term roadmap. “All Celestia founders, early employees, and core engineers are still here and working as hard as we did when Celestia started five years ago,” Al-Bassam wrote on X. He pointed to a $100M+ treasury and 6+ year runway as proof that the team is not abandoning…
Privacy-Focused Blockchain Project Secures Strategic Investment from Wall Street and Crypto Giants Digital Asset, the creator of the Canton Network, has secured $135 million in strategic funding to accelerate the adoption of real-world asset (RWA) tokenization across global financial institutions. Led by DRW Venture Capital and Tradeweb Markets, the funding round attracted a powerful list of investors, including: “Today, major players from crypto and traditional finance have joined Digital Asset on its mission to catalyze the next evolution in markets,” said Don Wilson, CEO of DRW. Why Canton Network Matters Canton is a privacy-configurable blockchain, offering a unique model where…
Japanese Firm Aims to Hold 210,000 BTC by 2027 via U.S. Subsidiary Expansion Metaplanet (3350), the Tokyo-listed company best known for pioneering corporate bitcoin treasuries in Asia, has approved a massive $5 billion capital injection into its newly formed U.S. subsidiary, Metaplanet Treasury Corp, based in Florida. The goal? To aggressively scale its Bitcoin acquisition strategy over the next 30 months. **“Our target is to accumulate 210,000 BTC by the end of 2027,” the firm stated in a corporate release._ This strategic expansion leverages U.S. capital markets and financial infrastructure to support high-efficiency, large-scale BTC acquisitions under Metaplanet’s previously announced…
Ethereum, Solana, Cardano Jump Over 7% Amid Geopolitical Cooldown A sudden ceasefire announcement by U.S. President Donald Trump between Israel and Iran injected fresh optimism into global risk assets — especially the crypto market. Ethereum (ETH), Solana (SOL), and Cardano (ADA) each spiked around 7%, rebounding from weekend lows and reclaiming key technical levels. “Officially, Iran will start the CEASEFIRE and, upon the 12th Hour, Israel will start the CEASEFIRE,” Trump posted on Truth Social, framing it as the end of a 12-day conflict. Altcoins Lead the Charge as Volatility Subsides Trading volumes rebounded sharply following nearly $600 million in…
$4B Hong Kong Family Office Partners With DeFi Hedge Fund Re7 Capital In a bold pivot from its traditional private equity roots, VMS Group, a prominent Hong Kong-based family office managing nearly $4 billion in assets, is making its first-ever investment into crypto. According to a Bloomberg report, VMS has allocated up to $10 million toward digital asset strategies managed by DeFi-focused hedge fund Re7 Capital. Strategic Shift Toward Liquidity and Innovation The move reflects a growing trend among institutional players seeking diversification beyond illiquid private investments. “Private equity is becoming less liquid, with more companies staying private longer,” said…
Company Blends Crypto with Commodities for Bold Acquisition Strategy UK-based mineral exploration firm Panther Metals Plc (PALM) jumped 21% on the London Stock Exchange Monday after announcing a £4 million ($5.4 million) Bitcoin treasury strategy. The move marks a pioneering blend of physical commodities and digital assets, aimed at reshaping how natural resource companies fund expansion. Panther will use £1.3 million ($1.75 million) worth of Bitcoin as collateral to acquire the Pick Lake mining deposit in Ontario, Canada. Bitcoin as “Productive Capital” Rather than passively holding Bitcoin, Panther plans to leverage BTC as a financial tool, allowing the company to…
Regulatory Shift Seen as Major Win for Crypto Firms in U.S. The U.S. Federal Reserve has announced a significant policy shift by eliminating “reputational risk” from its supervisory framework — a move widely seen as a direct response to longstanding complaints from the crypto industry. The decision addresses concerns that vague regulatory standards had been used to debank crypto and fintech firms under a practice critics called “Operation Chokepoint 2.0.” Over 30 crypto and tech firms were denied banking access in the wake of crypto-friendly bank collapses in 2023. What’s Changing? In a statement released Monday, the Fed said it…
Crypto-Backed SPAC Merger to Launch ProCap Financial on Public Markets Crypto entrepreneur Anthony Pompliano has raised $750 million to take his digital asset firm ProCap public via a SPAC merger with Columbus Circle Capital Corp. Once the deal is complete, the combined company will debut as ProCap Financial Inc., with $1 billion in Bitcoin on its balance sheet. The merger is expected to close before the end of 2025, making ProCap one of the largest public Bitcoin-holding firms. Pompliano confirmed the news on social platform X, stating that ProCap will focus on acquiring Bitcoin, while developing revenue-generating products and services…