Step Finance, a decentralized finance analytics and portfolio tracking platform built on Solana, has confirmed a major security breach involving its treasury wallets. The incident resulted in the unauthorized movement of more than $27 million worth of SOL, causing a sharp market reaction and a collapse in the project’s native token, STEP. In a public statement, the team said several treasury wallets were compromised during Asia-Pacific trading hours through what it described as a “well-known attack vector.” Immediate remediation measures were taken, though technical details about the breach have not yet been disclosed. Step Finance, wrote in a post on X;…
Author: Blockto Team
Strategy has increased the dividend on its perpetual preferred stock, Stretch (STRC), as the security continues to trade slightly below its $100 par value. The move comes amid recent volatility in both equity and crypto markets, including a brief dip in Bitcoin prices that pressured the company’s balance sheet. STRC Dividend Increase and Pricing Context For February, Strategy lifted the STRC dividend rate by 25 basis points to 11.25%. This marks the sixth dividend adjustment since the preferred stock began trading in July 2025. STRC is structured to pay monthly cash distributions, with the rate reset regularly to help keep…
XRP extended losses during a broader crypto market sell-off, sliding nearly 7% as heavy selling pressure forced the token below a major technical support zone. The decline was driven by market-wide positioning shifts rather than XRP-specific developments, with derivatives liquidations amplifying downside momentum. XRP fell from the $1.88 area to around $1.75 as weakness in Bitcoin spilled over into high-beta altcoins. Once price broke decisively below the $1.79 support level, leveraged long positions were rapidly unwound. Data from derivatives markets showed more than $70 million in XRP futures liquidations, the vast majority tied to long exposure. Technical Levels Traders Are…
Bitcoin’s recent decline to the $77,000 level has sparked debate among market analysts over whether the cryptocurrency has already experienced its deepest pullback of the current bull cycle. The move came during a volatile weekend session that erased more than $2 billion from the broader crypto market. Bitcoin Pullback Compared to Past Market Capitulations Bitcoin fell roughly 7% on Saturday, briefly touching $77,000 before rebounding toward the $78,000–$79,000 range. Over the past 30 days, the asset is down more than 11% and now trades nearly 38% below its October peak of $126,100. Analyst PlanC suggested the recent decline closely resembles…
An Abu Dhabi–based investment vehicle backed by a prominent member of the United Arab Emirates’ ruling family has acquired a significant stake in World Liberty Financial, a cryptocurrency startup associated with US President Donald Trump, according to recently reported documents. The deal, finalized in January 2025, involved the purchase of a 49% stake in World Liberty Financial for approximately $500 million. The buyer, Aryam Investment 1, is linked to Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and a key figure behind the country’s global technology and investment strategy. Financial Structure and Ownership Details Roughly half of…
Bitcoin continued a sharp decline through the last week of January, falling back below the $76,000 mark by January 31 after trading near $88,000 mid-week. The slide has taken BTC to levels last posted in late 2025, driven by tightening liquidity and broader risk-off sentiment. Bitcoin lost over 7 percent on the week, with increasing volatility before the weekend close. Ethereum followed suit, weakening more than bitcoin over the same period. ETH traded down toward the $2,300 ,2500 Range, causing more pronounced weekly losses than BTC. Other major altcoins including Solana, XRP and Dogecoin also traded broadly lower, in line…
Solana’s price dropped sharply to the $95–$100 zone, marking its weakest level since April 2025 as a broad risk-off move swept across crypto, equities, and commodities. The decline came alongside sell-offs in bitcoin, AI-linked stocks, and gold, highlighting Solana’s growing sensitivity to macroeconomic and geopolitical stress. Although SOL briefly reclaimed the $102 level, momentum remained fragile following the liquidation of approximately $165 million in leveraged long positions, which accelerated downside pressure and damaged short-term sentiment. Macro Fears Weigh on Market Confidence Investor caution intensified amid escalating geopolitical tensions in the Middle East and renewed concerns about an economic slowdown after…
“Hyperunit whale” has exited their entire leveraged ether position, realizing an estimated $250 million loss and leaving just $53 remaining in the trading account. Blockchain intelligence data shows the position was fully closed on the Hyperliquid platform following a sharp downturn in ether’s price. The collapse marks a dramatic reversal for a trader who had previously gained notoriety for one of the most profitable macro trades of 2025. That earlier success saw the same wallet generate roughly $200 million in profits by shorting bitcoin and ether shortly before a major tariff announcement triggered a market-wide sell-off. From Market Timing Success…
Bitcoin’s global mining hashrate has dropped by approximately 12% since mid-November, marking the most significant drawdown in more than four years. The decline follows severe winter storms across the United States that forced several large-scale mining operations to temporarily shut down machines due to power outages and grid curtailment measures. As a result, total network hashrate has fallen to around 970 exahashes per second, its lowest level since September 2025 according to CryptoQuant. The slowdown accelerated as energy disruptions hit major mining hubs, compounding pressure already building from bitcoin’s price pullback from its recent $126,000 peak toward the $100,000 range.…
CoreWeave’s evolution from a cryptocurrency mining company into a major provider of artificial intelligence compute infrastructure illustrates how assets built during the crypto boom are now underpinning the rapid expansion of AI. The transition reflects a broader realignment in data center economics as demand for high-performance computing accelerates. Crypto Mining Hardware Finds New Purpose The decline of GPU-based crypto mining, particularly after Ethereum moved away from proof-of-work, left large amounts of specialized hardware underutilized. Companies like CoreWeave responded by redirecting those resources toward cloud computing and AI workloads. This shift began several years ago and positioned the company to benefit…