Riot Platforms, one of the largest publicly traded Bitcoin mining companies, is now pivoting beyond crypto by launching a new initiative focused on AI and cloud computing infrastructure. The company has appointed Jonathan Gibbs, a seasoned data center executive, as its new Chief Data Center Officer to lead this expansion. From Bitcoin to Enterprise Data Centers The hiring of Gibbs marks a significant strategic shift for Riot Platforms. Known primarily for its Bitcoin mining operations, the company is now preparing to build enterprise-grade data centers designed for high-performance computing beyond blockchain applications. Gibbs brings with him over 15 years of…
Author: Blockto Team
Crypto venture capital funding slowed slightly in May, but several strategic investments signal that the sector’s long-term momentum remains intact. Key raises by Twenty One Capital, Securitize, aZen, Savea, and Dexari indicate continued investor confidence in Bitcoin treasuries, tokenization, decentralized infrastructure, and crypto UX innovation. Twenty One Capital Secures $100M, Total Funding Hits $685M Bitcoin treasury firm Twenty One Capital, backed by Tether, Bitfinex, and Cantor Fitzgerald, saw its total funding rise to $685 million after investors exercised an option to purchase an additional $100 million in convertible senior secured notes. The company recently emerged from stealth, announcing plans to…
The Open Network’s native cryptocurrency, TON, posted a notable 3.7% gain in the past 24 hours, defying broader market volatility. This rally comes after the token found strong support at the $3.11 level, forming a classic V-shaped recovery pattern that has caught the attention of traders. Geopolitical Tensions Add Volatility Across Markets Amid growing global economic uncertainty and escalating U.S.-China trade tensions, crypto assets have seen sharp fluctuations. TON, however, has demonstrated resilience, showing relative strength even as many major cryptocurrencies corrected under pressure. Traditional financial market volatility appears to be correlating with digital assets, yet TON’s performance suggests it…
Solana (SOL) faced a sharp reversal on June 2 after multiple failed breakout attempts near the $158–$159 resistance zone, sparking a 4.48% decline and raising red flags for near-term price action. Heavy Volume Triggers Breakdown Below Support According to CoinDesk Research’s technical analysis model, bearish momentum intensified during the 13:00 hour, as a surge in trading volume (1.1M+) pushed SOL below key support at $153.10–$153.30. This breakdown accelerated the intraday sell-off, with SOL briefly dropping to $151.89 before rebounding to $153.81. Key Volume Signals: Technical Levels to Watch Despite a modest recovery, Solana’s technical structure shows signs of weakness: A…
Bitcoin mining profitability saw a notable rise in May, driven by higher BTC prices and increased efficiency across several mining firms, according to a new research report from JPMorgan. Strong Market Growth Among U.S.-Listed Miners The total market capitalization of 13 publicly listed U.S. Bitcoin mining firms tracked by JPMorgan rose by approximately 19% in May compared to April. This gain outpaced Bitcoin’s price performance and reflects growing investor confidence in the mining sector. “Seven of the thirteen miners outperformed Bitcoin during the month,” the bank noted, signaling selective strength among key mining players. Hashrate and Profitability Metrics Improve The…
Avalanche (AVAX) has come under intense selling pressure amid growing global economic uncertainty, plunging 8.65% in 24 hours and forming a potential technical reversal pattern around a critical support zone. Sharp Selloff Amid Economic and Geopolitical Stress In the last 24 hours, AVAX declined from $21.84 to $20.11, a drop triggered by broader market instability caused by geopolitical tensions and global trade disputes. These macroeconomic pressures have affected risk assets across the board, and cryptocurrencies, including AVAX, have not been immune. AVAX reached an intraday low of $19.97, a level that marks a significant support zone, tested twice during the…
Binance Coin (BNB) is navigating a critical technical zone as it tests the $660 resistance level, reflecting both strong on-chain growth and short-term bearish market behavior. BNB Surges Above $650, Faces Resistance at $664 On June 1, BNB surged past $650 with high volume, reaching an intraday high near $664. This move was driven by bullish momentum, but selling pressure emerged around $662–$664, halting further gains. Since then, BNB has consolidated in a narrow range, suggesting the formation of a short-term bearish descending channel. The $658.00 to $658.20 zone has acted as strong support, absorbing downward pressure and serving as…
Russia’s largest bank, Sberbank, has launched a structured bond offering direct exposure to Bitcoin (BTC) price fluctuations and the USD/RUB exchange rate, signaling a notable step toward the institutional adoption of crypto-linked financial instruments in Russia. Exposure Without Holding Crypto The newly introduced structured product allows investors to earn returns based on two major financial variables: These bonds are offered over the counter and are currently available only to qualified investors within Russia. Importantly, investors are not required to hold or manage cryptocurrency wallets, as the entire transaction process is conducted in rubles and within Russia’s domestic financial infrastructure. This…
A serious security breach may have affected Taiwan-based cryptocurrency exchange BitoPro, with over $11.5 million in digital assets allegedly stolen on May 8, according to blockchain investigator ZachXBT. Unreported Exploit Targeted Hot Wallets The suspected hack involved unauthorized access to BitoPro’s hot wallets across multiple major blockchains, including Ethereum, Tron, Solana, and Polygon. Over $11.5 million worth of crypto assets were reportedly drained during the exploit. These assets were quickly transferred and sold through decentralized exchanges, then routed through privacy-focused platforms like Tornado Cash, Thorchain, and finally Wasabi Wallet, a well-known Bitcoin mixer. The funds were laundered using multiple privacy…
Global interest in cryptocurrency investment products surged last week, with net inflows reaching $286 million, according to recent asset management data. This marked the seventh consecutive week of positive inflows, reflecting growing institutional demand despite price volatility and macroeconomic uncertainty. Ethereum Investment Products Dominate Ethereum-based funds led the charge, drawing in $321 million in net inflows over the past week. This represents Ethereum’s strongest run since December 2024, with total inflows now reaching $1.2 billion over six weeks. U.S.-listed spot Ethereum exchange-traded funds (ETFs) accounted for $285.8 million of these inflows, signaling renewed investor confidence in Ethereum’s long-term potential. Ethereum’s…