Author: Blockto Team

Geopolitical Jitters Shake Crypto Markets Bitcoin saw a swift recovery to around $106,000 after a sharp dip to $102,600, triggered by escalating tensions between Iran and Israel. However, despite the bounce, BTC remains over 6% below its all-time high, suggesting ongoing market caution. In the past 24 hours, bitcoin traded near $105,200, down 1.6%, as reports of renewed airstrikes surfaced. The conflict has introduced fresh volatility into both crypto and traditional markets, with investors closely monitoring developments through the weekend. Altcoins and Crypto Stocks React Sharply The broader crypto sector mirrored bitcoin’s movements. The top 20 cryptocurrencies by market cap,…

Surge in Low-Cap Firms Claiming Massive Crypto Purchases Raises Eyebrows In the midst of the ongoing crypto bull cycle, a new and questionable trend has emerged: micro-cap public companies are announcing plans to raise hundreds of millions of dollars to buy altcoins like XRP and Solana (SOL) — despite having market capitalizations far below their stated acquisition targets. Analysts caution these announcements may be insider-driven “pump and dump” schemes targeting stock price spikes. Examples That Don’t Add Up This week, Singapore-based Trident Digital Tech, with a market capitalization of just $16 million, announced it would raise up to $500 million…

Geopolitical Shockwaves Hit Crypto Markets The cryptocurrency market experienced sharp volatility following Israel’s military strikes against Iranian targets, causing a significant downturn across major digital assets. Among the hardest-hit was Avalanche’s native token, AVAX, which saw a 13% correction in 24 hours, reflecting broader market unease. AVAX plunged from $21.26 to a low of $18.57, marking a steep 12.65% decline. Technical Indicators Show Stabilization Despite the initial sell-off, AVAX found strong buyer interest in the $18.57–$18.70 range, suggesting potential for short-term stabilization. Technical patterns indicate a consolidation phase is forming, with price now oscillating between support and resistance zones. A…

U.S. Policy Shifts Drive Positive Sentiment in Crypto Industry A notable shift in the U.S. regulatory landscape is creating new momentum for crypto-related initial public offerings (IPOs) and venture capital funding. According to recent market analysis, the number of crypto IPOs in 2025 has matched the pace seen during the 2021 bull market, signaling a resurgence in institutional interest. The U.S. is becoming increasingly favorable for crypto corporate activity, prompting more companies to consider going public. GENIUS Act Seen as Regulatory Turning Point A central driver behind this renewed optimism is the progress of the GENIUS Act (Guiding and Establishing…

Telegram’s TON Token Hit Hard by Geopolitical Shock Telegram’s native token, TON, dropped sharply by 8.4% in 24 hours, falling from $3.20 to $2.93, as global markets reacted to heightened tensions in the Middle East. The price correction came after Israeli airstrikes targeted Iranian military facilities and leadership, igniting risk-off sentiment across digital assets. TON was among the hardest-hit assets, compared to a broader 6.2% drop across the top 20 non-stablecoin cryptocurrencies. As of the latest market data, TON has shown a mild recovery to $2.96, suggesting some degree of price stabilization. Technical Analysis: Support and Resistance Zones Emerging The…

Sports Betting Giant SharpLink Bets Big on Ethereum In a groundbreaking move, SharpLink Gaming has acquired 176,271 Ether (ETH) worth $463 million, officially making it the largest publicly traded holder of Ethereum in the world. The Nasdaq-listed company has now adopted ETH as its primary treasury reserve asset, a first for any public company. According to the official announcement, SharpLink funded the acquisition through a mix of private placements and equity sales, raising $79 million since May 30 alone. The average purchase price for the Ether came in at $2,626 per coin. Staking Strategy: Earning While Supporting the Network Over…

Brazil’s First Bitcoin Treasury Firm Takes Shape Brazilian fintech firm Meliuz (CASH3) has announced a bold move to incorporate Bitcoin into its corporate treasury, raising R$180 million ($32.4 million) through a discounted equity offering. The company plans to allocate the entire amount toward Bitcoin acquisition, becoming Brazil’s first publicly listed firm to adopt such a strategy. This announcement marks a significant shift in the company’s positioning as it joins the growing trend of corporate Bitcoin adoption—a space largely dominated by firms in North America until now. Discounted Share Sale Triggers Market Reaction The share offering was priced at R$7.06 ($1.27)—approximately…

Leveraged BTC Strategies May Destabilize the Crypto Market Coinbase has issued a strong warning about potential systemic risks stemming from public companies using debt to accumulate Bitcoin. In its June market outlook, the exchange revealed that while over 228 public firms collectively hold 820,000 BTC, only about 20 companies are pursuing high-risk leveraged strategies that could have market-wide consequences. These strategies often involve issuing convertible notes or debt to finance large-scale Bitcoin acquisitions. According to Coinbase, this leaves firms vulnerable to forced liquidations if refinancing becomes difficult, especially during periods of market stress or rising interest rates. “Even a relatively…

Improved Bitcoin Mining Economics Drive Up Valuations JPMorgan has raised its price targets for several leading Bitcoin mining firms following a combination of higher Bitcoin prices and improved mining profitability. In a recent market update, the bank adjusted forecasts for CleanSpark (CLSK), Riot Platforms (RIOT), and MARA Holdings (MARA) based on first-quarter performance and macro trends in the crypto mining sector. “Our price targets generally increased due to higher bitcoin prices and improving mining profitability,” analysts stated. The revised estimates reflect a 24% increase in JPMorgan’s spot Bitcoin price assumption and a 9% upward adjustment in network hashrate, signaling stronger…

Polkadot Eyes Strategic Treasury Shift Into Bitcoin A bold proposal to convert 500,000 DOT (worth approximately $50 million) into Bitcoin has triggered an intense debate within the Polkadot community. Introduced by a community contributor, the plan seeks to diversify Polkadot’s treasury by gradually accumulating Threshold Bitcoin (tBTC) through a one-year dollar-cost averaging (DCA) strategy. The core objective: strengthen long-term financial stability and position Polkadot for market volatility by adding Bitcoin as a strategic reserve asset. Community Split: Hedge or High-Risk Gamble? The plan would utilize Hydration’s automated system to convert DOT to tBTC via scheduled DCA intervals. Additionally, a small…