BitMine Immersion Technologies is facing mounting paper losses as the recent downturn in the crypto market continues to weigh heavily on Ether prices. The decline has highlighted the growing risks associated with corporate crypto treasury strategies, particularly during periods of deleveraging and weak market liquidity. Ether Holdings Decline Amid Market Liquidations Following the acquisition of an additional 40,302 Ether last week, BitMine increased its total holdings to more than 4.24 million ETH. However, the timing coincided with a sharp market pullback. At current prices, the company’s Ether position is valued at approximately $9.6 billion, down from a peak near $13.9…
Author: Blockto Team
Step Finance, a prominent decentralized finance platform within the Solana ecosystem, has confirmed a security incident involving its treasury and fee wallets. The breach led to the unauthorized movement of a significant amount of SOL, triggering market concern and a sharp decline in the project’s native token price. Treasury Wallet Compromise Under Investigation According to onchain activity, roughly 261,854 SOL was unstaked and transferred from wallets associated with Step Finance. Based on prevailing market prices near $110 per SOL, the value of the funds moved is estimated at around $29 million. The platform stated that the incident occurred within a…
WisdomTree ended 2025 with a total of $144.5 billion in assets under management (AUM), marking a 5.3% increase from the previous quarter. While U.S. equities, commodities, and fixed income exchange-traded funds remain the core of its portfolio, the firm’s crypto holdings are emerging as a significant growth area. Crypto Assets and Tokenized Products Expand WisdomTree reported $2.24 billion in crypto assets by the end of the fourth quarter, down from nearly $3.2 billion at the start of the quarter, yet up from $1.9 billion a year earlier. CEO Jonathan Steinberg highlighted that initiatives once considered experimental such as tokenized assets,…
Bitcoin experienced a sharp sell-off during low-liquidity weekend trading, sending prices briefly below the $76,000 level and triggering a major wave of liquidations across derivatives markets. The sudden move marked Bitcoin’s lowest price since April 2025 and raised concerns about short-term market stability. Weekend Liquidity Cascade Accelerates Losses Bitcoin fell more than 7% over the weekend as selling pressure intensified, pushing BTC close to $75,000 before a modest rebound. The decline coincided with a liquidation event estimated at nearly $2 billion, including roughly $800 million wiped out in a short period as leveraged positions were forced to close. Thin weekend…
Tensions in the Persian Gulf are rising after Iran announced a multi-day naval exercise in the Strait of Hormuz, a critical global energy chokepoint. The announcement prompted a sharp response from the United States, raising concerns about regional stability and oil market disruptions. Iran Announces Five-Day Naval Exercise Iranian authorities confirmed that live-fire naval drills will begin on February 1, 2026, and run for five days in and around the Strait of Hormuz. The narrow waterway handles a significant share of the world’s oil shipments, making any military activity there closely watched by global markets. Iran has warned commercial vessels…
Bitcoin’s selloff has deepened, pushing prices close to $75,000 and triggering a clear split in investor behavior. While smaller holders rush to reduce exposure, the market’s largest participants appear to be quietly buying into the decline. On-chain data shows wallets holding 10,000 BTC or more are the only group consistently accumulating bitcoin during the downturn. Their activity has remained neutral to slightly positive, signaling confidence rather than panic as prices fall. These large holders entered a light accumulation phase after bitcoin dropped below $80,000 in late November. Since then, price action has been volatile, with extended consolidation before the latest…
A Delaware judge has allowed a shareholder lawsuit accusing Coinbase executives, including CEO Brian Armstrong and board member Marc Andreessen, of insider trading to move forward. The case, originally filed in 2023, alleges that directors sold shares using confidential information around Coinbase’s 2021 direct listing, avoiding significant losses. Armstrong is reported to have sold $291.8 million, while Andreessen sold approximately $118.7 million through Andreessen Horowitz. Court Decision and Special Litigation Committee Review Delaware Chancery Court Judge Kathaleen St. J. McCormick rejected a motion to dismiss the case despite an internal investigation clearing the directors. The judge cited concerns about the…
Bitcoin sentiment has turned sharply negative as the price trends lower, reflecting growing anxiety among traders after the asset fell to its weakest level in more than two months. Bitcoin declined to around $81,000, marking its lowest price since late November. The drop triggered a wave of pessimism across social media platforms, pushing market sentiment to its most fearful reading of 2026 so far. The shift represents a clear move from cautious optimism to outright fear, a pattern that often emerges when traders who entered late begin exiting positions under pressure. These moments typically coincide with forced selling caused by…
Bitwise CIO Matt Hougan projects that Bitcoin could reach $6.5 million per coin over the next 20 years, citing ongoing global debt growth, currency debasement, and money printing as key drivers. After a challenging 2025 marked by broad crypto market declines, Hougan describes the current phase as a “rounding bottom,” characterized by muted retail activity and weak ETF flows, while institutional interest continues to grow. Short-Term Trading Outlook Hougan says to cindesk that Bitcoin to trade sideways between $75,000 and $100,000 in the first half of 2026. Significant selling pressure remains near $100,000, with options-market positioning suggesting patience will be…
The United States has imposed sanctions on two crypto exchanges for the first time under Iran-specific financial enforcement authorities, marking a significant escalation in the use of sanctions against digital asset platforms. The U.S. Treasury Department announced that Zedcex and Zedxion were designated for allegedly facilitating financial activity tied to Iran’s security apparatus. Both exchanges, registered in the United Kingdom, were accused of processing transactions for the Islamic Revolutionary Guard Corps, which is designated by the U.S. and European Union as a terrorist organization. Alleged Links to Sanctioned Iranian Business Network According to Treasury findings, the exchanges are connected to…