Crypto exchange eyes higher demand as Nasdaq backs its public debut Gemini has raised the size of its initial public offering (IPO) to $433 million, signaling stronger investor demand as the exchange prepares for its Nasdaq debut this Friday. The move pushes the company’s targeted valuation to over $3 billion. Gemini raises IPO target According to the updated filing with the Securities and Exchange Commission, Gemini increased its share price range to $24–$26 per share, up from the initial $17–$19. The exchange will still sell around 16.67 million shares, but the adjustment lifts the total raise to $433 million from…
Author: Blockto Team
Blockchain investment targets 500 hectares and processing facilities US-based fintech firm Farmway Technologies has finalized a $100 million agreement with the Republic of Georgia to expand and tokenize the country’s almond industry. Expanding Georgia’s almond sector The deal covers 500 hectares of almond orchards, along with new farming infrastructure, irrigation systems, and processing facilities. Farmway said the investment will also fund logistics and production of almond-based products such as milk powder, oil, and extracts. “Almonds represent one of Georgia’s fastest-growing agricultural sectors — rising from 2,500 tonnes in 2023 to a projected 14,000 tonnes by 2027, placing the country among…
Technical indicators show renewed momentum, but sellers remain active near $2.50 Filecoin (FIL) has surged 5% in recent sessions, pushing toward critical resistance levels after weeks of sideways movement. The token is trading near $2.45 at press time, as traders weigh signs of recovery against lingering selling pressure. After months of weakness, FIL recently broke out of a descending channel pattern that had capped prices through May and June. The breakout shifted sentiment, with buyers stepping in around the $2.20 support zone, a level repeatedly tested and highlighted in the chart as a strong demand area. “Breaking out of a…
Lawsuit claims undisclosed charges and failure to prevent fraud Washington, DC’s Attorney General Brian Schwalb has filed a lawsuit against crypto ATM operator Athena Bitcoin, alleging the company imposed undisclosed fees while ignoring widespread fraud tied to its machines. Hidden fees and scam-related transactions According to the lawsuit, 93% of deposits made through Athena Bitcoin’s kiosks in its first five months of operation were linked to scams. Schwalb criticized the firm’s strict no-refund policy, which he argued blocks victims—many of them elderly—from recovering money lost to fraud and hidden charges. “Athena knows that its machines are being used primarily by…
Merger positions new firm among top corporate Bitcoin holders Shares of Asset Entities (ASST) surged after-hours on Tuesday, rising over 50% following shareholder approval of its merger with Strive Enterprises. The deal aims to establish a $1.5 billion Bitcoin treasury, placing the combined company among the largest corporate holders of the cryptocurrency. Asset Entities confirmed that a “strong majority” of shareholders voted in favor of the merger, which will see the firm rebranded as Strive, Inc. and continue trading under the ASST ticker. The new entity plans to raise $1.5 billion to purchase Bitcoin, equivalent to 13,450 BTC at current…
Lukashenko urges financial sector to embrace digital assets as external payments rise Belarus President Alexander Lukashenko has called on the country’s banks to increase their use of cryptocurrencies, citing the growing pressure of Western sanctions on the economy. The directive, delivered at a high-level meeting with central and commercial bank leaders, highlights a dramatic shift in Minsk’s financial strategy. “Over the past five years, the national economy, and with it the Belarusian banking sector, have faced unprecedented challenges. The government and the National Bank have been given corresponding instructions. Now, act,” Lukashenko said, according to the state-run Belarusian Telegraph Agency.…
Memecoin sees renewed momentum, testing critical levels highlighted by traders The price of BONK (BONK/USDT) recorded a 7% intraday surge, regaining upward momentum after weeks of consolidation. The move places the Solana-based memecoin back above the $0.00002200 support zone, with traders closely watching whether BONK can break through nearby resistance levels to confirm a trend reversal. According to the 4-hour chart, BONK recently bounced strongly from the green support zone near $0.00002000, signaling buyer interest at lower levels. The price is now approaching the first major resistance band between $0.00002400 and $0.00002600 (highlighted in beige). A decisive close above this…
Diverging fortunes highlight risks and rewards of crypto-linked equities Publicly traded companies tied to digital assets experienced dramatic price swings this week, underscoring the volatility of the sector. QMMM Holdings, a Hong Kong–based investment company, surged 1,737% on Nasdaq, while Sol Strategies, a Canadian Solana-focused treasury and staking firm, fell 42% in its debut session. QMMM skyrockets on blockchain and AI plans QMMM’s rally followed its announcement of a new strategy integrating artificial intelligence with blockchain. The firm outlined plans to develop a Web3 ecosystem offering crypto analytics and autonomous tools. Additionally, it will establish a diversified digital asset treasury…
Altcoin ETF approvals pushed to November amid rising wave of applications The U.S. Securities and Exchange Commission (SEC) has once again extended its review of proposed crypto exchange-traded funds (ETFs), this time delaying decisions on the Bitwise Dogecoin ETF and the Grayscale Hedera ETF. Both applications will remain under review until November 12, according to filings published this week. The decision pushes back timelines for investors hoping to see greater diversification of crypto ETFs beyond Bitcoin and Ethereum, which launched successfully last year. Bitwise and Grayscale ETF applications face delays The Bitwise Dogecoin ETF, filed in March with NYSE Arca,…
Memecoin enters mainstream markets with SEC approval of Rex-Osprey Doge ETF The United States is preparing for the launch of its first Dogecoin exchange-traded fund (ETF), signaling another milestone in the expansion of regulated crypto investment products. The Rex-Osprey Doge ETF (DOJE) has received approval from the Securities and Exchange Commission (SEC) and will officially begin trading on Thursday. This development follows the successful rollout of Bitcoin and Ether ETFs last year, but it marks the first time a memecoin has entered the ETF market. Dogecoin (DOGE), which has often been described as the first true memecoin, has seen a…
