Cosmos (ATOM) is showcasing strong market resilience, posting a 6% intraday gain despite the wider market jitters triggered by escalating geopolitical tensions in the Middle East. As Bitcoin temporarily dipped below $100,000 due to U.S. military strikes on Iranian nuclear sites, altcoins including ATOM were initially swept into the selloff. However, Cosmos quickly rebounded, delivering a V-shaped recovery that has caught analysts’ attention. Sharp Pullback Followed by Aggressive Rebound ATOM began its dip over the weekend, sliding from $3.77 to $3.55, marking a 5.83% decline. The reversal began swiftly, with strong buying pressure pushing prices back up to $3.77 within…
Author: Blockto Team
Layer-1 blockchain Self Chain has officially removed CEO Ravindra Kumar after serious allegations tied him to a $50 million over-the-counter (OTC) crypto scam involving multiple parties, including Aza Ventures. Scam Allegations Trigger Executive Ouster The controversy erupted on Friday when Aza Ventures, a blockchain investment firm, alleged on Telegram that Kumar was involved in unauthorized OTC deals totaling approximately $50 million. These claims quickly gained traction, prompting Self Chain to act swiftly. On Monday, the project posted a public update stating: “Ravindra Kumar’s role as CEO has been formally terminated. He will no longer hold any position, responsibility, or association…
Shiba Inu (SHIB) has staged a sharp V-shaped recovery, bouncing from its lowest price since February 2024. After dipping to $0.00001025 late Sunday, the meme coin swiftly rebounded to $0.00001080, showing strong bullish momentum backed by exceptional trading volumes. SHIB’s Rebound Driven by Surge in Volume The turnaround came amid rising confidence in crypto markets, especially as Bitcoin reclaimed the $100,000 mark despite rising geopolitical tensions between the U.S. and Iran. SHIB’s reversal was particularly notable for its volume dynamics, with over 2 trillion SHIB tokens traded in a 24-hour window — more than double the average. At one point,…
Strategy (MSTR), the largest publicly traded corporate holder of Bitcoin, has added another 245 BTC worth $26 million, according to a disclosure for the week ending June 22, 2025. The purchase was funded through the sale of preferred stock under its active at-the-market (ATM) equity program. Massive Bitcoin Holdings Continue to Grow This latest acquisition increases MSTR’s total holdings to 592,345 BTC, placing the company firmly ahead of all other corporate and institutional Bitcoin treasuries. At current market prices of approximately $101,000 per BTC, the company’s crypto portfolio is now valued at just under $60 billion. The firm’s average purchase…
Ether’s recent rally may not be as strong as it appears. According to analysts, the price surge in Ethereum (ETH) is being driven primarily by speculative futures activity, not organic demand. This positioning makes the asset vulnerable to sharp declines, especially during periods of geopolitical tension. Leverage, Not Demand, Fuels ETH Spike Crypto financial services firm Matrixport warned that last week’s Ethereum price spike was largely due to leveraged futures positions. This rally, they argue, lacked real, fundamental support from spot buying or institutional flows. “Leveraged traders have pushed ETH’s price higher in the absence of fundamental support,” Matrixport noted,…
Bitcoin is fast becoming the preferred choice for crypto speculators looking to escape declining altcoins. According to Adam Back, CEO of Blockstream and inventor of Hashcash, Bitcoin treasury adoption by public companies is emerging as the new “altseason” — but with a different twist. From Altcoins to Bitcoin Treasuries In a recent post, Back stated that “Bitcoin treasury season is the new ALT SZN for speculators”, urging investors to pivot from altcoins to either Bitcoin or BTC-focused treasury firms. These firms, he noted, are accumulating BTC aggressively to increase Bitcoin-per-share metrics, often leveraging funding tools like convertible notes. This strategy…
Bitcoin’s weekend volatility, driven by intensifying geopolitical tensions in the Middle East, has subsided with a strong price rebound. The benchmark cryptocurrency is now trading above $101,000, signaling resilience and reaffirming a crucial on-chain support level — $98,200 — as the key price floor for maintaining bullish momentum. Why $98.2K Matters for Market Sentiment The Short-Term Holder Realized Price (STH RP), currently at $98,200, represents the average on-chain acquisition cost of Bitcoin held outside exchanges and moved in the last 155 days. This figure acts as a critical sentiment threshold in on-chain analysis. Historically, when BTC trades above the STH…
Amid escalating geopolitical tensions in the Middle East, Ether (ETH) whales are opening high-risk, high-leverage positions, betting on a near-term recovery despite a cautious broader market. $101M Leveraged Long Placed Before ETH Rebound One major Ethereum investor—commonly referred to as a “whale”—has opened a $101 million long position with 25x leverage, according to data from Hypurrscan. The position was entered at an average price of $2,247, with liquidation set around $2,196, reflecting a tight margin of safety. Although the whale is currently in unrealized profit exceeding $900,000, they’ve incurred over $2.5 million in funding fees, suggesting a high-confidence play on…
Global crypto exchange OKX is reportedly exploring a public listing in the United States, following its recent operational relaunch in the country this April. The move comes as the digital asset industry gains momentum in traditional financial markets, with IPOs and crypto-related stocks drawing growing interest from institutional investors. OKX’s Strategic Shift Toward the US Market According to reports, OKX is weighing an initial public offering (IPO) in the United States, with a possible listing on a major American exchange. While the company has yet to confirm its intentions publicly, the report signals a notable shift in OKX’s strategic direction…
As decentralized finance (DeFi) matures, traditional banks and fintech firms are exploring how to integrate its powerful backend with user-friendly front ends. According to blockchain infrastructure provider Alchemy, firms like Fidelity, JPMorgan, Goldman Sachs, Robinhood, and Revolut are actively working on embedding DeFi capabilities behind compliant, seamless interfaces. “The future is a DeFi mullet – TradFi in the front, DeFi in the back,” says Guillaume Poncin, CTO of Alchemy. What Is a DeFi Mullet? The term “DeFi mullet” refers to a financial product or service that appears traditional and regulated on the surface, but is powered by decentralized finance infrastructure…