Riot Platforms, a leading U.S.-based Bitcoin mining company, has sold 1.75 million shares of Bitfarms in open market transactions totaling approximately $1.58 million. The move is part of an ongoing strategic review of Riot’s investment in its Canadian rival following an unsuccessful takeover bid earlier this year. Riot Lowers Stake but Remains a Major Shareholder The shares were sold on June 9 through Nasdaq and other open markets at a weighted average price of around $0.90 per share. Following the transaction, Riot’s beneficial ownership in Bitfarms dropped to 14.3%, down slightly from its previous level of just under 15%. “The…
Author: Blockto Team
SG Forge, the digital asset arm of French banking major Societe Generale, is preparing to launch its first U.S. dollar-backed stablecoin — USD CoinVertible (USDCV) — on Ethereum and Solana blockchains in July 2025. This strategic move marks the bank’s expansion into the $254 billion stablecoin market, targeting both institutional adoption and regulatory compliance under Europe’s MiCA framework. USDCV to Support Institutional Crypto Use Cases USDCV is designed to serve as a multi-functional digital asset for: What makes USDCV stand out is its institutional-grade structure. The reserves will be safeguarded by Bank of New York Mellon, offering high levels of…
The Federal Reserve’s upcoming FOMC meeting on June 18 is setting the tone for financial markets, especially crypto. With recent economic data showing strong job growth and stubborn inflation, the odds of a rate cut are close to zero—and traders are adjusting their expectations accordingly. No Rate Cuts Expected in June For much of 2024, market sentiment pointed toward rate cuts in the summer. However, robust employment numbers and persistent inflation have shifted the outlook. According to the CME FedWatch Tool, there is now a 99.9% chance that the Fed will hold rates steady, and only a 0.1% chance of…
The upcoming Bank of Japan (BoJ) monetary policy meeting on June 16–17 could serve as a major catalyst for Bitcoin (BTC) and other risk assets. Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, believes that if the BoJ restarts quantitative easing (QE) or pauses its bond-tightening plan, it may set off a new leg in the crypto bull market. “If the BOJ delays QT, and restarts selected QE at its June meeting, risk assets are going to fly,” Hayes shared on June 10. What’s at Stake? The BoJ previously announced a plan to reduce government bond purchases by 400…
The crypto market is riding a wave of optimism as Bitcoin broke past the $109,000 mark, igniting strong upward momentum across major altcoins. Ether surged 7% in 24 hours, while Dogecoin (DOGE) and Cardano (ADA) also saw gains above 5%, signaling renewed bullish sentiment across the board. Bitcoin’s Rally Triggers Altcoin Momentum Bitcoin’s steady climb above $109,000 has acted as a catalyst for altcoins, pushing overall crypto market capitalization up by over 3%. Traders and analysts point to improving sentiment, especially after last week’s market volatility and political noise. “Bitcoin’s climb amid geopolitical and macro headwinds reinforces its standing as…
Brian Quintenz, former CFTC commissioner and current nominee to lead the agency under President Donald Trump, has called blockchain a foundational technology with far-reaching potential beyond finance. In remarks released ahead of his Senate confirmation hearing on June 10, Quintenz outlined a bold vision for U.S. blockchain leadership—and the need for clearer crypto regulations. Blockchain to Reshape Every Industry Quintenz described blockchain as a horizontal technology, emphasizing that its impact will stretch across sectors, not just financial markets. “I view blockchain as a horizontal technology that has the potential to touch every aspect of society,” he said. His remarks reflect…
Ripple Labs has announced an additional $5 million commitment to support academic blockchain research in the Asia-Pacific (APAC) region, expanding its global University Blockchain Research Initiative (UBRI). This move follows a $25 million contribution made in May toward education nonprofits in the United States, as part of Ripple’s broader mission to enhance crypto and blockchain literacy globally. University Grants Across Six Countries Ripple’s latest investment will be distributed among leading universities in Taiwan, Australia, Singapore, South Korea, and Japan, with new funding allocations going to institutions in Taiwan and Australia. “We are proud to support the next generation of blockchain…
In a major crackdown on global crypto-related financial crime, five individuals have pleaded guilty in connection with a $36.9 million crypto scam that defrauded American victims. The funds were funneled through shell companies and eventually laundered into Cambodia using the stablecoin Tether (USDT). How the Crypto Scam Was Carried Out According to U.S. authorities, the defendants used social media, dating apps, and messaging platforms to target Americans. Scammers built trust through months-long communication, falsely promising high returns on cryptocurrency investments. “Victims were told their investments were increasing in value, but the funds were being stolen from the start,” the U.S.…
Siebert Financial Corp., a Nasdaq-listed financial services company, has announced its intention to raise up to $100 million to invest in cryptocurrency and artificial intelligence (AI). The move marks a bold step into the future of finance and innovation. On Monday, Siebert confirmed that the U.S. Securities and Exchange Commission (SEC) has declared its S-3 shelf registration statement effective, allowing the company to issue securities that will fund its strategic initiatives. Crypto and AI at the Core of Siebert’s Strategy According to the official statement, the funds raised will be directed toward acquiring digital assets like Bitcoin (BTC), Ethereum (ETH),…
Bitcoin and crypto-related US stocks closed Monday with notable gains, fueled by renewed corporate interest in BTC purchases and easing global market tensions. Bitcoin Climbs as Corporate Accumulation Rises Bitcoin surged 4% to reach $110,150, recovering losses and approaching its recent peak of $112,000 from May 22. This rally came as market sentiment improved, particularly following positive developments in US-China trade discussions in the UK. The price boost came alongside a wave of new corporate BTC acquisitions, signaling growing institutional confidence. US Crypto Stocks Close Higher Major crypto-tied public companies ended Monday in the green: These movements reflect investor optimism…