XRP Breaks Above Key Level as Macro Tailwinds Support Rally XRP surged 6% in the past 24 hours, climbing to around $3.01, as renewed optimism over U.S. Federal Reserve policy boosted investor appetite for risk assets. The latest CME FedWatch Tool data shows a 99% probability of a September rate cut, sparking rallies across both equities and crypto markets. The daily chart reveals XRP bouncing strongly from its $2.80 support zone, highlighted in green. This level has acted as a floor multiple times over recent weeks, and buyers stepped in once again to defend it. On the upside, the first…
Author: Blockto Team
Ripple has extended its banking partnership with Spanish giant BBVA, enabling the bank to expand its retail crypto services under the European Union’s Markets in Crypto-Assets (MiCA) regulation. The move strengthens Ripple’s presence in Europe’s regulated digital asset market while giving BBVA customers secure access to bitcoin (BTC) and ether (ETH) trading and custody. BBVA Integrates Ripple Custody Technology The new agreement will see BBVA integrate Ripple’s custody infrastructure into its recently launched retail platform for digital assets. This partnership builds on BBVA’s earlier collaborations with Ripple in Switzerland and Turkey, where the bank already offers crypto services powered by…
Robinhood Markets (HOOD) will officially join the S&P 500 on September 22, replacing Caesars Entertainment in the index’s quarterly rebalancing. The move brings another crypto-adjacent company into the most widely tracked U.S. stock index, giving millions of index fund, pension, and ETF investors indirect exposure to the digital asset economy. A New Crypto Gateway in the Benchmark Index The inclusion, announced by S&P Dow Jones Indices, highlights how crypto’s influence is extending into traditional financial markets. “While the S&P still lacks direct holdings in cryptocurrencies, Robinhood’s role as a retail crypto gateway means the index is indirectly capturing part of…
DOGE Finds Support While Market Awaits Breakout Dogecoin (DOGE) is currently trading near $0.002536, showing a 5.7% price swing in the last 24 hours. The chart highlights a consolidation phase at a major support zone, with buyers stepping in to defend the critical green band. This level has historically acted as a rebound point, raising expectations of another upward push if momentum strengthens. The daily chart shows DOGE stabilizing around its long-term demand zone, where previous downtrends have often paused before recovery rallies. A recent bounce suggests that bulls are attempting to build a floor at this level, but the…
Cathie Wood’s ARK Invest has expanded its exposure to Ethereum by purchasing over 100,000 shares of BitMine Immersion Technologies (BMNR), the world’s largest corporate Ether treasury firm. The move comes as BitMine announced that its ETH holdings have surpassed the 2 million milestone, further solidifying its dominance in the institutional Ethereum landscape. ARK Invest Expands BitMine Exposure On Monday, ARK Invest acquired 101,950 BitMine shares worth around $4.4 million across three funds: Combined, these funds now hold 6.7 million BitMine shares, valued at approximately $284 million. ARK has been steadily increasing its position since April 2025, when BitMine began aggressively…
Fintech firm pivots to crypto reserves with backing from BitMine and key industry players Shares of Eightco Holdings (NASDAQ: OCTO) surged more than 3,000% in a single trading day after the fintech firm revealed plans to raise $250 million to build a Worldcoin treasury reserve. The dramatic move signals a growing trend of non-crypto companies adopting digital assets as core financial holdings. Treasury Strategy Sparks Historic Rally Eightco announced Monday that it will sell 171.23 million common shares at $1.46 each in a private placement to fund the initiative. The company said the proceeds would be used to acquire Worldcoin…
Treasury Department tasked with outlining custody, security, and feasibility of federal crypto holdings The US Congress has taken a step forward in shaping the country’s Strategic Bitcoin Reserve, with lawmakers introducing a bill that would require the Treasury Department to produce a detailed report on its creation, custody, and security. Congressional Bill Seeks Clarity Introduced by Representative David P. Joyce, the House appropriations bill directs the Treasury to present a comprehensive report within 90 days of enactment. The report must address: The bill also calls on the Treasury to assess any obstacles to implementation and measure the potential impact on…
South Korea’s Largest Crypto Exchange Expands Beyond Trading With Blockchain Infrastructure South Korean cryptocurrency exchange Upbit has unveiled its new Ethereum Layer-2 solution, Giwa, now live on testnet. The launch signals a major step for the exchange as it moves from being solely a trading platform to building blockchain infrastructure that could redefine Web3 adoption in South Korea and beyond. Giwa Testnet Debuts With One-Second Block Times Announced at the Upbit D Conference 2025, Giwa — short for Global Infrastructure for Web3 Access — is built using the Optimism Foundation’s OP Stack. According to its documentation, Giwa achieves one-second block…
Claims of Financial Strategy Spark Debate Amid Rising Global Tensions A senior adviser to Russian President Vladimir Putin has accused the United States of turning to stablecoins and gold as part of a strategy to devalue its $37 trillion national debt, raising fresh concerns over the role of crypto in geopolitics. US Debt and Alternative Assets Speaking at the Eastern Economic Forum in Vladivostok, Anton Kobyakov argued that Washington is “rewriting the rules of the gold and cryptocurrency markets” to urgently address declining trust in the US dollar. “Remember the size of their debt — $35 trillion. These two sectors…
Marketplace pivots strategy by preserving “culturally relevant” NFTs amid shifting market trends OpenSea, one of the largest NFT marketplaces, has announced the creation of a $1 million NFT reserve, aimed at acquiring digital assets considered “culturally relevant.” The initiative marks a strategic shift as the broader NFT market continues to face declining activity compared to its 2021–2022 peak. First Purchase: CryptoPunk #5273 The reserve’s first acquisition is CryptoPunk #5273, a piece from the iconic CryptoPunks collection, widely regarded as Ethereum’s first profile picture (PFP) NFT series. On-chain data shows the NFT was bought on August 25 for 65 Ether (ETH),…
