Strategy and Metaplanet also expand crypto stockpiles Digital health and sales development firm CIMG Inc. has joined the growing list of companies adding Bitcoin to their balance sheets, announcing a $55 million share sale to acquire 500 BTC. The Nasdaq-listed company said on Tuesday it issued 220 million common shares at $0.25 each to fund the purchase, bringing its holdings to roughly $55.51 million worth of Bitcoin at current market prices. Long-term holding strategy CIMG’s board emphasized that the company is pursuing a long-term Bitcoin holding strategy to build a strong value foundation for investors. Chairman and CEO Wang Jianshuang…
Author: Blockto Team
ETH Price Defends Key Support Zone Before Potential Upside Ethereum (ETH) is maintaining strength above the $4,300 level, consolidating after recent pullbacks from its local high near $4,895. The market is showing resilience as buyers defend a crucial support zone that could serve as the foundation for a fresh upward move. The daily chart indicates that ETH has retraced from resistance just below $4,900, a zone that capped momentum in late August. Despite the rejection, the asset is still holding above the $4,200–$4,300 support block, highlighted as a critical accumulation area for bulls. Analysts point out that Ethereum is currently…
Token burn aims to restore investor confidence after steep slide World Liberty Financial has launched a token burn strategy, permanently removing 47 million WLFI tokens from circulation in an effort to support its falling price. The move comes just days after the project — linked to the Trump family — opened trading to the public. Onchain data from Etherscan confirms the transaction took place on September 2, with the burned tokens reducing total supply to just over 99.95 billion. The burn represents 0.19% of the token’s circulating supply, according to CoinMarketCap. The WLFI token debuted on secondary markets earlier this…
Latecomers in Ethereum Treasury Race Could Be Exposed Ethereum treasury strategies are gaining popularity, but experts caution that chasing high yields may leave firms dangerously exposed if market conditions turn. Sharplink Gaming co-CEO Joseph Chalom said in a recent interview that companies entering late into the Ether treasury space are the most vulnerable. “There will be people just like in traditional finance who wanna get that last 100 basis points of yield, and think that it is riskless,” Chalom explained. While double-digit returns on Ether holdings are possible, Chalom stressed that these strategies involve credit risk, counterparty risk, duration risk,…
HBAR Price Action Suggests Buyers Defending Key Level Hedera Hashgraph (HBAR) is showing signs of stabilization as the token retests the crucial $0.21–$0.22 support zone, a level that has historically acted as a turning point for price action. Despite recent selling pressure, buyers appear to be holding the line, preventing a deeper breakdown. The daily chart highlights that HBAR slipped from the $0.26 and $0.30 resistance levels, zones where the market previously rejected upward attempts. Following this decline, the token has now reached the green demand area around $0.22, which aligns with prior accumulation phases. In recent sessions, HBAR has…
Exchange to launch “Mag7 + Crypto Equity Index Futures” on Sept. 22 Coinbase is set to debut a new derivatives product that combines top US tech stocks with Bitcoin and Ether ETFs, giving institutional investors exposure to both equities and crypto in a single contract. On Tuesday, Coinbase Derivatives announced the upcoming launch of the “Mag7 + Crypto Equity Index Futures”, scheduled for Sept. 22. The index will track the “Magnificent 7” stocks—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla—alongside BlackRock’s Bitcoin and Ether ETFs and Coinbase’s own stock. “Historically, there has been no US-listed derivative that provides access to…
XLM Defends $0.36 Support as Buyers Step Back In Stellar Lumens (XLM) has staged a rebound after retesting its critical support zone near $0.36, signaling renewed buying interest at a level that has historically acted as a demand base. The move comes after a period of extended selling pressure, which pushed XLM down from its recent peak above $0.50. On the daily chart, XLM found support around the $0.34–$0.36 region, an area where buyers previously defended aggressively in March. This zone coincides with a strong demand block, making it a pivotal level for maintaining the token’s short-term bullish structure. The…
Over 98% of validators voted in favor of the new consensus protocol The Solana blockchain is preparing for one of its most significant upgrades yet after validators overwhelmingly approved the Alpenglow consensus protocol in a governance vote concluded Tuesday. According to results shared by the Solana Foundation, more than 98% of participants voted yes, with 52% of the stake casting ballots—well above the 33% quorum threshold required. 100x Faster Transaction Finality The upgrade will reduce transaction finality from over 12 seconds to just 150 milliseconds, a near 100-fold improvement in speed. “At these speeds, Solana could realize Web2-level responsiveness with…
SEC and CFTC confirm regulated exchanges can list spot crypto products The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a rare joint statement providing long-awaited clarity on the legality of spot cryptocurrency trading. According to the staff guidance released Tuesday, existing laws do not prevent regulated exchanges—such as national securities exchanges (NSEs), designated contract markets (DCMs), and foreign boards of trade (FBOTs)—from listing spot crypto products. This includes products with margin and leverage features, previously a gray area in US regulation. A Push to Keep Crypto Innovation in the US The announcement…
Binance Coin Faces Resistance While Support at $840 Remains Crucial Binance Coin (BNB) is currently trading near $850, consolidating after briefly pushing above $855 earlier today. The move higher was met with selling pressure, pulling the token back toward its immediate support levels. According to the latest market data, BNB is struggling to hold momentum after its sharp August rally, where it surged from the $720 support zone to recent highs above $900. The chart shows clear resistance around $880–$900, marked by repeated rejections in recent sessions. “BNB has entered a consolidation phase after its strong recovery,” BITX analyst explained.…
