Blockchain-based equities gain traction amid regulatory uncertainty XStocks, a tokenized stock platform developed by Backed Finance, has officially launched on Ethereum, bringing around 60 tokenized equities to the world’s leading smart contract network. The list includes major companies like Nvidia, Tesla, Meta, Amazon, and Walmart, according to a statement released on Tuesday. Previously available on Solana, BNB Chain, and Tron, the move to Ethereum marks a strategic expansion. “Ethereum is one of the world’s most widely adopted smart contract networks — and xStocks were built to meet users where they already are,” a Kraken representative noted. Ethereum continues to dominate…
Author: Blockto Team
Bitcoin exchange-traded products (ETPs) have crossed a major milestone, now holding over 7% of Bitcoin’s maximum 21 million supply, signaling strong institutional demand despite recent market shifts. ETPs Control Over 1.47 Million Bitcoin According to HODL15Capital, global Bitcoin ETPs now own more than 1.47 million BTC, equivalent to 7% of Bitcoin’s capped supply. The U.S.-based ETFs dominate this space, collectively holding 1.29 million BTC across 11 funds as of August 31, 2025. This level of accumulation highlights the institutional confidence in Bitcoin, even as the crypto market faces mixed sentiment. From Dec 31, 2024, to Aug 31, 2025, global Bitcoin…
Support at $0.000019 Remains Key Despite Market Volatility Bonk (BONK), the Solana-based meme cryptocurrency, is showing resilience after dipping toward a crucial support zone near $0.000019. The token’s price action comes at a time when the project has confirmed a $30 million corporate deal, alongside scheduled token unlocks that have added uncertainty to the market. The latest chart data shows BONK holding firm above the green demand zone, with buyers stepping in to absorb selling pressure. This level has been tested multiple times in recent weeks, reinforcing its significance as a foundation for potential upside moves. “Support at $0.000019 is…
Crypto Exchange Seeks Nasdaq Listing with Backing from Top Banks Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has officially filed for an initial public offering (IPO), aiming to list 16.7 million shares of Class A common stock on the Nasdaq Global Select Market under the ticker GEMI. IPO Details and Valuation According to the filing with the U.S. Securities and Exchange Commission (SEC) on September 2, Gemini plans to price its shares between $17 and $19, potentially raising up to $317 million. This valuation would place the company at approximately $2.22 billion, positioning Gemini among the most…
BitMine Immersion Technologies (BMNR) has strengthened its position as the largest publicly listed Ethereum (ETH) treasury firm, boosting its total holdings to 1.87 million ETH, valued at approximately $8.1 billion at current market prices. The company announced on Tuesday that it had acquired an additional 150,000 ETH last week, continuing its aggressive accumulation strategy despite recent market volatility. Alongside its ETH reserves, BitMine retains $623 million in cash for further purchases, underscoring its long-term bullish outlook on Ethereum. Tom Lee’s Bold ETH Strategy Led by Thomas Lee, co-founder of Fundstrat Capital and chairman of BitMine, the firm pivoted to a…
Internet Computer (ICP) has shown signs of recovery after a sharp correction earlier this week. The token recently rebounded from a critical demand zone, sparking renewed interest among traders. Despite the bounce, analysts warn that major resistance levels could determine the next move for ICP. At the time of analysis, ICP is trading near $4.82, marking an intraday gain of nearly 3%. The price action indicates a strong demand zone between $4.60 and $4.80, where buyers have stepped in to halt the decline. This area has been acting as a short-term support level since the latest market pullback. However, the…
U.S. factory activity remains below growth threshold despite modest improvement The latest ISM Manufacturing PMI data released for August 2025 showed the index at 48.7, undershooting expectations of 49.0 but edging higher than the previous reading of 48.0. The figures underline that the U.S. manufacturing sector continues to contract, even as the pace of decline moderates slightly. Contraction Continues in Manufacturing A reading below 50 marks contraction, and with August’s PMI at 48.7, the report signals that U.S. factories are still struggling to gain momentum. Analysts noted that while the data points to resilience compared to July, it fails to…
PayPal Ventures has made a strategic investment in Kite AI, a decentralized AI infrastructure provider, contributing $18 million in a Series A funding round. This brings Kite AI’s total funding to $33 million, signaling strong confidence in AI-powered Web3 ecosystems. Kite AI’s Vision for AI Agents in Web3 Kite AI aims to build decentralized infrastructure for autonomous AI agents, creating a new user interface for future digital economies. These AI agents are autonomous programs capable of making decisions and executing transactions without constant human input. To achieve this, Kite introduced AIR (Agent Identity and Registry), a system enabling agents to…
7,714 BTC Acquired in August as Prices Dip Below $108,000 Michael Saylor’s Bitcoin-focused company, Strategy, has expanded its holdings with a major acquisition, adding $449.3 million worth of Bitcoin last week. The latest purchase comes as the cryptocurrency market experiences volatility, with Bitcoin briefly dipping under the $108,000 mark. According to a recent filing with the U.S. Securities and Exchange Commission, Strategy purchased 4,048 BTC between August 25 and September 1 at an average price of $110,981 per coin. This move brought the company’s total Bitcoin reserves to 636,505 BTC, accumulated at an average cost of $73,765 per BTC, amounting…
Ethereum-focused firm Ether Machine has raised $654 million in a private financing round, marking a significant step toward its planned Nasdaq listing later this year. The company aims to solidify its position as one of the largest corporate holders of Ether with an aggressive accumulation strategy. According to recent reports, the financing was led by Jeffrey Berns, a well-known advocate of Ethereum and Web3 development. Berns contributed 150,000 ETH to the funding round and will join Ether Machine’s board of directors, signaling strong confidence in the firm’s long-term vision. Strategic Move Before IPO The Ether Machine currently holds over 345,000…
