Bitcoin’s record-breaking rally continues to draw major institutional buyers, with Strategy securing another $51.4 million worth of BTC despite heightened volatility. Strategy Expands Bitcoin Holdings Michael Saylor’s Strategy, already the largest publicly traded holder of Bitcoin, increased its stash by 430 BTC last week. According to a filing with the U.S. Securities and Exchange Commission (SEC), the purchase was made at an average price of $119,666 per coin, totaling $51.4 million. This acquisition pushes Strategy’s total holdings to an unprecedented 629,376 BTC, bought for about $46.15 billion at an average cost of $73,320 per Bitcoin. Despite market turbulence, the company…
Author: Blockto Team
SOL declines more than 16% since Friday as traders eye key support levels Solana (SOL) faced heavy selling pressure over the weekend, dropping more than 16% from Friday’s high near $216 to trade at around $181 on Monday. The decline underscores the difficulty buyers are having in breaking through the strong resistance zone near $200–$220, a level that has repeatedly capped rallies this year. On Friday, Solana surged above $210, testing the upper boundary of its multi-month range. However, the move quickly reversed, with SOL losing nearly $35 in value as profit-taking and broader market weakness pushed prices lower. The…
Ethereum exchange-traded products dominate inflows despite Bitcoin’s new highs Global cryptocurrency investment products saw $3.75 billion in inflows last week, marking one of the strongest weeks for the sector this year. The surge was led by Ether exchange-traded products (ETPs), which outpaced Bitcoin despite the world’s largest cryptocurrency hitting new all-time highs above $124,000. According to data from CoinShares, Ether ETPs attracted $2.9 billion in inflows, accounting for the majority of the week’s total. The demand came as ETH prices approached all-time highs near $4,700, with CoinGecko data showing the token trading around $4,234 on Thursday. While Bitcoin’s record rally…
AMBTS B.V. aims to become a “1% Bitcoin treasury company” amid rising European corporate adoption Dutch cryptocurrency service provider Amdax has announced plans to launch a dedicated Bitcoin treasury company, with the ultimate goal of listing it on Euronext Amsterdam. The new entity, named AMBTS B.V., will operate independently with the ambitious aim of accumulating 1% of all Bitcoin in circulation. According to Amdax, AMBTS will raise capital in stages, using proceeds to expand its Bitcoin holdings and increase equity value for investors. At current prices, reaching 1% of the total Bitcoin supply — roughly $24 billion worth — would…
SFC urges investors to stay cautious as firms rush to apply for stablecoin licenses Hong Kong’s Securities and Futures Commission (SFC) has warned that the city’s new stablecoin regulatory framework may be fueling fraud risks, urging investors to remain vigilant amid speculative hype. The comments come just weeks after the Stablecoin Ordinance came into effect on August 1, introducing stricter rules for issuers. Fraud Concerns Following Market Hype According to Chinese financial outlet Zhitongcaijing, Ye Zhiheng, executive director of the SFC’s intermediaries division, said that fraud risks have risen since the new rules were introduced. He cautioned investors against making…
CryptoPunks and Bored Apes slide while Pudgy Penguins climb into second place The NFT market lost more than $1.2 billion in value in less than a week as Ether’s price rally cooled, dragging down several top collections. Data from NFT Price Floor shows the market cap of NFTs dropped 12% to $8.1 billion, down from $9.3 billion last Wednesday. Ether’s Impact on NFTs The correction comes as Ether (ETH) fell nearly 9% from its recent peak of around $4,700 to about $4,260. Because most NFTs are minted on Ethereum and denominated in ETH, fluctuations in the cryptocurrency often translate directly…
Japanese investment firm now holds 18,888 BTC valued at $2.2 billion Japanese bitcoin treasury firm Metaplanet has added another 775 BTC worth $93 million to its reserves, reaffirming its bullish stance on the world’s largest cryptocurrency. The acquisition brings the company’s total bitcoin holdings to 18,888 BTC, valued at approximately $2.2 billion at current market prices. Metaplanet president Simon Gerovich confirmed the purchase in a post on X, noting the average cost of the latest acquisition was $120,006 per bitcoin. Since launching its bitcoin accumulation strategy in April 2024, the firm has spent $1.94 billion on purchases at an average…
Dogecoin (DOGE) has slipped to $0.00289 after a failed attempt to sustain a rally triggered by a golden cross formation. Despite whale wallets accumulating aggressively, with holdings now approaching 100 billion DOGE, price action remains under pressure as sellers dominate the market. The 4-hour chart highlights how DOGE attempted a bullish breakout in early August, briefly testing the $0.0038–$0.0040 resistance zone. However, the momentum quickly faded, with price rejected at that level and sliding back toward critical support. Currently, DOGE is holding just above the $0.0028 demand zone, marked by a prior accumulation area in late June. A clean break…
South Korean authorities intensify crackdown on unpaid taxes using digital assets Tax regulators in Jeju City, the capital of South Korea’s largest island province, have begun targeting the crypto holdings of individuals accused of tax evasion. The operation marks part of a nationwide effort to strengthen oversight of digital assets and ensure compliance with the country’s tax laws. Officials investigated 2,962 residents with outstanding arrears totaling 19.7 billion won ($14.2 million). Using transaction records from leading domestic exchanges — Bithumb, Upbit, Coinone, and Korbit — investigators found that 49 alleged delinquents collectively held over $166,000 worth of cryptocurrencies. The city’s…
Analysts Eye Support Zones as ETH Pulls Back Ethereum (ETH) declined to $4,240 on Monday, retreating nearly 5% from its recent highs near $4,805. Despite the sharp correction, analysts remain focused on key support levels that could determine whether the rally continues or pauses for consolidation. After a strong upward trend from June lows near $2,800, ETH surged above several resistance zones, breaking through $3,600 and $4,000 with heavy volume. The rally peaked around $4,805, where profit-taking triggered the latest sell-off. ETH is now testing the $4,200–$4,300 support region, an area that previously acted as resistance in 2021 and early…
