Ethereum is once again at the center of institutional demand as two major players acquired nearly $882 million worth of Ether (ETH) within days. Blockchain data shows that BitMine Immersion Technology and an unidentified whale are aggressively expanding their holdings, signaling rising confidence in Ethereum’s long-term value. BitMine Expands Its Ethereum Treasury Public Bitcoin mining firm BitMine Immersion Technology made headlines after purchasing 106,485 ETH, worth around $470.5 million, over just 10 hours. The miner now holds approximately 1,297,093 ETH, valued at $5.75 billion. Most of these acquisitions were executed through large over-the-counter (OTC) transactions and transfers from institutional intermediaries…
Author: Blockto Team
A major step toward blockchain adoption in healthcare finance is underway. Wellgistics Health Inc. (Nasdaq: WGRX), a leading pharmaceutical distributor, has launched an XRP Ledger (XRPL)-based payment platform that enables instant, low-cost transactions across a vast network of pharmacies and manufacturers. Wellgistics is rolling out its XRPL-powered payment system to more than 6,500 pharmacies and 200 manufacturers across the United States. Pharmacies can now use the platform to pay for drug inventory instantly, avoiding delays from traditional banking and cutting credit card fees that eat into already thin margins. This marks one of the largest real-world blockchain implementations in U.S.…
Strong rebound from $4.25 highlights buyer confidence amid recent sell-off Cosmos (ATOM) has staged an impressive recovery, surging more than 11% in the past 24 hours after bouncing off a major support level. The token, which had been under pressure from sustained selling earlier in August, is now trading around $4.51, reinforcing market optimism that buyers are regaining control. The 4-hour chart shows ATOM had previously broken down from a rising channel formation, leading to a steep decline. However, the price found stability at the critical $4.20–$4.30 demand zone, where buying momentum emerged strongly. This rebound suggests that market participants…
Gemini, the crypto exchange and custodian founded by Cameron and Tyler Winklevoss, has officially filed with the U.S. Securities and Exchange Commission (SEC) to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI. The move follows the company’s strong brand recognition and comes amid renewed optimism in U.S. capital markets for digital asset firms. Gemini’s Business Model and Offerings Founded in 2014, Gemini operates as a regulated exchange and custody service provider while also offering: The exchange has positioned itself as a compliance-focused player in the digital asset ecosystem, a contrast to rivals…
NEAR Price Bounces at $2.40, Testing Higher Resistance Zones NEAR Protocol (NEAR/USDT) has staged a sharp rebound after defending a crucial support zone near $2.40, lifting prices back toward the $2.70–$2.80 range. The move highlights how buyers continue to step in at key demand levels, even as the broader crypto market consolidates. After weeks of volatility, NEAR retested the $2.30–$2.40 support area, where demand historically provided a strong floor for price action. As shown on the 4-hour chart, bulls quickly regained momentum, pushing the token higher by more than 20% in recent sessions. The rally follows a steep pullback from…
Lower Investor Hype Around Ether Could Fuel Its Next Breakout Ethereum (ETH) may have a short-term advantage over Bitcoin (BTC) as investor sentiment shows a more balanced outlook for the world’s second-largest cryptocurrency, according to data analytics firm Santiment. Ether vs. Bitcoin: Sentiment Divergence The ETH/BTC ratio has gained nearly 33% in the last 30 days, reflecting Ether’s stronger relative performance. Yet, social media activity has not mirrored this surge, with analysts noting that traders show less interest in buying Ether dips compared to Bitcoin. “The $ETH crowd hasn’t shown nearly as much bullishness despite significantly better performance over the…
XRP Holds $3.12 as Bulls Defend Critical Support Zone XRP (XRP/USDT) is consolidating near $3.12 after a volatile week, with price action respecting major support and resistance zones visible on the 4-hour chart. The token has seen a strong recovery from its June lows, but traders are watching closely as it tests key technical levels. Earlier this summer, XRP traded within a descending channel, with consistent lower highs and lows pressuring the price. That trend was decisively broken in July, sparking a powerful rally that carried XRP above $3.50 for the first time in months. The breakout was confirmed by…
Dispute Emerges From 3AC Collapse and Genesis Bankruptcy Digital Currency Group (DCG) has filed a lawsuit against its own subsidiaries, Genesis Global Capital and Genesis Asia Pacific, over a $1.1 billion promissory note tied to the fallout of Three Arrows Capital (3AC) in 2022. The case, filed in the U.S. Bankruptcy Court for the Southern District of New York, marks the latest chapter in an ongoing legal battle between DCG and Genesis. In June 2022, DCG issued a 10-year, $1.1 billion promissory note to Genesis to help stabilize its equity after 3AC’s default created fears of a major liquidity gap.…
Ether ETFs Drive Surge as Bitcoin Hits New All-Time High The cryptocurrency market has witnessed its biggest-ever week for spot Bitcoin and Ether exchange-traded funds (ETFs), with combined trading volumes surging to $40 billion. Analysts attribute much of this momentum to a sudden surge in demand for Ether ETFs, which had been relatively quiet since their launch. ETF analyst Eric Balchunas described the performance as the “biggest week ever” for Bitcoin and Ether ETFs, highlighting how Ether ETFs “stepped up big” after nearly a year of muted activity. The surge coincided with Bitcoin hitting a new all-time high of $124,000…
Company seeks deals in Japan and Hong Kong to grow Bitcoin stockpile American Bitcoin, a cryptocurrency mining firm backed by members of the Trump family, is reportedly exploring acquisitions in Japan and Hong Kong as part of its aggressive plan to expand its Bitcoin holdings. According to a recent report, the company aims to follow the “Bitcoin treasury” model pioneered by Michael Saylor’s Strategy, which has become the largest corporate holder of BTC. The company confirmed it is evaluating possible acquisitions of publicly listed firms in Asia but stressed that no binding agreements have been made. Industry analysts suggest that…
