Move strengthens strategic presence in India’s fast-growing digital asset market Coinbase has received regulatory clearance from Indian authorities to acquire a minority stake in CoinDCX, marking a significant step in deepening its engagement with one of the world’s fastest-growing crypto markets. The approval clears the way for a closer partnership between the US-based exchange and a leading Indian digital asset platform. Regulatory Approval and Deal Scope India’s competition regulator has formally approved Coinbase Global’s investment in DCX Global Limited, the parent company of CoinDCX. While the exact size of the stake remains undisclosed, the approval confirms that the transaction meets…
Author: Blockto Team
Crypto exchange broadens services beyond digital assets to build an all-in-one financial platform Coinbase is accelerating its transformation into an all-in-one financial platform, unveiling stock trading and prediction markets as part of its broader push to become an “everything app.” The move signals a strategic shift as the company looks beyond cryptocurrencies to capture a wider share of global trading activity. Stock Trading Goes Live on Coinbase The company has confirmed that stock trading is now available on Coinbase, marking its first major step into traditional financial markets. The rollout supports the long-term vision of enabling 24/7 trading of stocks…
Developers prepare next scalability step following upcoming blob-only hard fork Ethereum may see a notable improvement in transaction throughput as early as January, as core developers consider increasing the network’s block gas limit from 60 million to 80 million. The change would follow the next blob parameter-only (BPO) hard fork, scheduled for early January, and reflects Ethereum’s continued focus on scaling without sacrificing decentralization. Why the Gas Limit Matters for Ethereum Performance The gas limit defines how many transactions and smart contract operations can be included in a single block. Raising it allows more activity per block, which can increase…
Proposal targets broader adoption as competition intensifies in the stablecoin market World Liberty Financial,, has introduced a governance proposal to allocate 5% of its WLFI token treasury toward expanding adoption of its USD-pegged stablecoin, USD1. The move reflects growing competition among stablecoin issuers and a strategic push to strengthen the project’s ecosystem. Treasury Strategy to Scale USD1 According to the proposal, approximately $120 million worth of WLFI tokens could be deployed to increase the circulating supply of USD1. The funds would be used to support high-profile CeFi and DeFi partnerships, liquidity programs, and integrations designed to boost real-world and on-chain…
DOT Falls 3% to $1.83 Despite Positive Coinbase Integration Update Polkadot’s native token, DOT, extended its downtrend falling nearly 4% to around $1.83 as broader crypto markets reversed lower. The decline came despite recent positive developments related to Coinbase integration, underscoring how macro selling pressure continues to outweigh isolated bullish news. DOT failed to hold the psychological $1.90 support level, which had previously acted as a short-term floor. Once that level broke, selling accelerated, pushing prices toward new local lows. Technical data confirming that bearish momentum remains firmly in control. Trading volume increased during the sell-off, a signal that distribution…
XRP Loses Key Support After Repeated Resistance Failures XRP has entered a more fragile technical phase after slipping below the $1.90 level a move that alters its short term market structure. The breakdown followed several unsuccessful attempts to maintain upward momentum, leaving the asset exposed once buyers failed to defend key support. Repeated Rejections Weaken XRP Price Stability In recent sessions, XRP struggled to sustain rallies above nearby resistance zones. Each recovery attempt stalled at lower highs, signaling weakening bullish conviction. As momentum faded, price action compressed within a declining structure, increasing the probability of a downside break. The loss…
Institutional Support Strengthens Confidence in Bitcoin Treasury Expansion Norway’s sovereign wealth fund has formally signaled support for Metaplanet’s Bitcoin-focused capital strategy, reinforcing growing institutional acceptance of Bitcoin as a long-term treasury asset. The endorsement comes just days before the company’s Extraordinary General Meeting scheduled for December 22. Norges Bank Votes in Favor of Bitcoin Treasury Plan Norges Bank Investment Management which manages roughly $1.7 trillion in assets, voted in favor of all five management proposals put forward by Metaplanet. The fund currently holds approximately 0.3% of the company, making it a notable institutional shareholder. The vote supports Metaplanet’s plan to…
Bitcoin Price Strengthens Amid Macro Signals and Renewed Buying Interest Bitcoin posted a sharp upside move, spiking above the $90,000 mark and drawing immediate attention across the market. The rapid advance reflects a shift in short-term momentum as buyers stepped in aggressively following recent consolidation. Price action shows Bitcoin decisively pushing back above the $90,000 threshold, a level closely watched by traders after recent weakness. The rally unfolded rapidly, suggesting aggressive participation rather than gradual accumulation. Early-session momentum helped Bitcoin distance itself from recent lows, stabilizing price action after a prolonged corrective phase. $BTC in weekly look bullish as BITXjournal…
Internal email suggests orderly shutdown following fraud allegations by US regulator The future of crypto venture firm Shima Capital has come under scrutiny after screenshots of an internal message surfaced online, suggesting plans for an orderly wind-down. The development follows a recent US Securities and Exchange Commission (SEC) lawsuit accusing the firm and its founder of misleading investors during fundraising efforts. SEC Alleges Misrepresentation in Fundraising The SEC has charged Shima Capital Management LLC and founder Yida Gao with making false and misleading statements while raising nearly $170 million between 2021 and 2023. According to the complaint, marketing materials overstated…
15-Year Agreement Positions Hut 8 as Key Player in AI Infrastructure Market Bitcoin miner Hut 8 has signed a 15-year, $7 billion lease to provide 245 megawatts of AI data center capacity at its River Bend campus in Louisiana. The deal, backed financially by Google, marks a significant pivot from crypto mining toward long-duration AI infrastructure revenue. Lease Structure and Financial Backing The lease will be executed by infrastructure provider Fluidstack, with Google providing a financial backstop to cover lease payments and obligations if Fluidstack cannot meet them. This arrangement mitigates risk for Hut 8 and supports the long term…