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…
Author: Blockto Team
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…
Exchange Warns Against Third-Party Token Listing Scams Binance, the world’s largest cryptocurrency exchange by trading volume, has issued a strong warning against fake token listing agents and announced a whistleblower reward of up to $5 million for credible reports of listing fraud. The move aims to protect projects and investors from scams exploiting the token listing process. The exchange emphasized that projects must apply directly for token listings, avoiding any third-party intermediaries. Binance identified several individuals and entities falsely claiming to represent the platform, including Central Research, BitABC, and Fiona Lee, but clarified that this partial blacklist is not exhaustive.…
Oversubscribed crypto exchange listing highlights investor demand and market uncertainty HashKey, one of Hong Kong’s largest regulated cryptocurrency exchanges, has made its public market debut with mixed results. Following a highly oversubscribed $206 million initial public offering, the company’s first day of trading on the Stock Exchange of Hong Kong (HKEX) was marked by sharp price swings, underscoring both strong investor interest and lingering volatility in crypto-related equities. HashKey Becomes First Asia-Based Crypto IPO in Hong Kong HashKey Holdings listed on the HKEX main board with shares opening at 6.70 Hong Kong dollars ($0.86). The company positioned the listing as…
Project Eleven Partnership Aims to Secure Blockchain Against Future Quantum Threats Solana is taking proactive steps to safeguard its network against emerging quantum computing risks. Through its partnership with Project Eleven, a post-quantum crypto security firm, Solana has launched a pilot testnet to explore quantum-resistant transactions signaling the blockchain’s commitment to long-term security and scalability. Quantum-Resistant Technology on Solana Testnet Project Eleven conducted a full quantum computing threat assessment on Solana and developed a prototype testnet using post-quantum digital signatures. Early results suggest that end-to-end quantum-resistant transactions are practical and scalable, a notable achievement given that post-quantum cryptography is typically…
Prediction Markets Show Higher User Engagement Across the Crypto Sector User retention remains one of the most difficult challenges in crypto. While new users continue to enter the ecosystem, keeping them active beyond the first month is rare. Recent onchain analytics reveal that prediction markets, led by Polymarket, are outperforming most crypto platforms in sustaining long-term engagement. Polymarket Retention Data Highlights Industry Gap Retention analysis based on monthly user cohorts shows that Polymarket ranks above more than 85% of crypto protocols in average user retention. The data, covering 275 crypto projects across DeFi platforms, wallets, networks and trading applications, tracks…
Onchain Data Signals Distribution Phase May Be Ending in 2026 Bitcoin’s extended period of sell side pressure appears to be approaching a turning point. K33 onchain research indicates that long term holders have distributed a significant portion of supply over the past two years, a trend that may soon stabilize as market dynamics shift toward renewed buy-side demand. Recent analysis shows that around 20% of Bitcoin’s total supply has been reactivated over the last two years, representing one of the largest long-term holder distribution phases on record. Since 2024, approximately 1.6 million BTC worth about $138 billion at current prices…
Validator proposal aims to formalize HYPE tokens as permanently inaccessible amid rising institutional interest A new governance proposal within the Hyperliquid ecosystem is seeking to resolve long standing questions around token supply by formally sidelining a large pool of protocol-held assets. The vote focuses on whether HYPE tokens accumulated through the protocol’s Assistance Fund should be treated as permanently inaccessible and excluded from supply calculations. Assistance Fund Tokens Proposed as Effectively Burned The Hyper Foundation has asked validators to approve a binding consensus recognizing that HYPE tokens held in the Assistance Fund system address are irretrievable by design. The fund…
Aggressive ETH Accumulation Signals Long-Term Confidence Despite Market Weakness BitMine has strengthened its position as the world’s largest corporate Ethereum holder after reportedly purchasing $140 million worth of ETH during the recent market dip. The move highlights the company’s continued conviction in Ethereum even as prices remain under pressure. Ethereum Treasury Strategy Accelerates Onchain data indicates that BitMine acquired 48,049 ETH, valued at approximately $140.58 million, through a transaction linked to a FalconX hot wallet. While the purchase has not yet been formally confirmed, blockchain analysts tracking institutional wallets flagged the activity as consistent with BitMine’s ongoing accumulation pattern. According…
Bitcoin-backed development plan positions Bhutan among the world’s largest sovereign BTC holders Bhutan has announced plans to allocate a significant portion of its national Bitcoin reserves to support the development of Gelephu Mindfulness City (GMC), a special administrative region designed to drive long-term economic growth. The move highlights Bhutan’s unconventional strategy of integrating digital assets into national development policy. The Bhutanese government confirmed it will utilize 10,000 Bitcoin, valued at roughly $875 million, to finance infrastructure and economic initiatives within GMC. The city, launched in 2024, is intended to become a new economic hub focused on finance, technology, tourism, green…