Japanese investment firm’s reserves climb to over 18,000 BTC as third-quarter yield hits 26.5%. Tokyo-based Metaplanet Inc. has strengthened its position as one of the largest corporate holders of bitcoin, announcing the purchase of 518 BTC valued at approximately $61 million. The acquisition is part of the company’s ongoing Bitcoin Treasury Operations, reflecting its long-term commitment to cryptocurrency as a strategic reserve asset. The latest transaction, executed at an average price of $118,519 per bitcoin, brings Metaplanet’s total reserves to 18,113 BTC. At current market rates, this stash is worth an estimated $1.85 billion. The company’s filings indicate it has…
Author: Blockto Team
Institutional Selling Pressure Emerges While Key Support Levels Hold XRP has eased to $3.13, down over 2% in the last 24 hours, as heavy profit-taking follows its recent post-settlement rally. The retracement comes after the token surged on the back of the Ripple–SEC legal resolution, which initially drove institutional inflows and strong retail participation. The 4-hour chart shows XRP retreating from resistance near $3.40–$3.45, an area marked by repeated rejections. This zone, highlighted in red, now serves as a short-term ceiling for price action. The decline has brought the token back toward a minor support band at $3.10–$3.05, which traders…
South Korean exchange adopts stricter borrowing rules, cutting leverage and loan caps to address investor risk concerns. South Korea’s Bithumb, one of the nation’s largest digital asset exchanges, has introduced significant changes to its crypto lending service, aiming to limit investor exposure and align with emerging regulatory expectations. The adjustments follow increased scrutiny of high-risk lending practices in the virtual asset market. In its latest update, Bithumb reduced maximum leverage from four times to two times and lowered the upper borrowing limit by 80% — from ₩1 billion (about $726,000) to ₩200 million (around $145,000). The cap now applies even…
Institutional demand for ETH surges as supply on exchanges drops to 9-year low Spot Ether exchange-traded funds (ETFs) recorded their largest-ever daily net inflow on Monday, drawing in a combined $1.01 billion — far outpacing Bitcoin ETFs, which saw $178 million in inflows the same day. The surge in interest comes as Ethereum (ETH) has climbed 45% over the past 30 days, trading at $4,306. The bulk of the investment went to BlackRock’s iShares Ethereum Trust (ETHA), which attracted a record $640 million. The Fidelity Ethereum Fund (FETH) followed closely, adding $277 million, marking its own largest single-day inflow. “Feel…
Key Support at $0.0030 Holds Amid Post-Selloff Consolidation Dogecoin (DOG) experienced a sharp 7% decline in the latest trading session, falling toward the $0.0030 support zone after a wave of high-volume selling. The drop came as traders engaged in heavy distribution, pushing the memecoin lower before price action stabilized near a key demand area. The selloff was marked by above-average trading volumes, highlighting an intensified battle between bulls and bears. For now, buyers have managed to defend the green support band between $0.0030 and $0.0031, preventing a deeper slide. The 4-hour chart shows DOG emerging from a descending channel in…
Support Holds at $2.49 as Resistance Caps Upside Momentum Filecoin (FIL) managed to narrow its losses after sliding nearly 7% earlier this week, with the price now holding steady around $2.48. The sell-off brought the token down to a key support zone near $2.49, which has so far prevented further declines. On the upside, resistance remains firm at approximately $2.68, an area that has repeatedly rejected bullish attempts over the past sessions. “This price action is a textbook example of a market consolidating between defined levels,” noted BITX technical analyst. “Breaking above $2.68 could trigger a stronger move, while losing…
Sports betting firm turned crypto treasury giant strengthens its position as second-largest ETH holder SharpLink Gaming has announced a $400 million share purchase agreement aimed at expanding its already massive Ethereum treasury, a move that underscores the growing trend of public companies diversifying into digital assets. The deal, involving five global institutional investors, is expected to push the firm’s ETH holdings to a value exceeding $3 billion. The agreement priced shares at $21.76 each, with the transaction set to close following customary conditions. Despite the announcement, SharpLink’s stock closed down 6.6% at $22.34, before recovering 3.5% in after-hours trading to…
Shares in Safety Shot (NASDAQ: SHOT) collapsed by more than 50% on Monday after the wellness drinks manufacturer revealed plans to allocate $25 million to Bonk (BONK), a Solana-based memecoin, as the core of its new corporate treasury strategy. The company announced a strategic alliance with Bonk’s founding contributors, aiming for deep integration into the memecoin’s ecosystem. Management said the move was “based on [Bonk’s] clear and distinct advantages over competitors,” highlighting its high-speed, low-cost transaction capabilities compared to other major memecoins. According to the company, BONK’s technology gives it an edge over Shiba Inu (SHIB) and Pepe (PEPE) —…
ETH gains 43% in a month but approaches major resistance zone Ethereum (ETH) is trading around $4,310, after climbing an impressive 43% in the past month. The rally, driven by renewed investor confidence and broader market strength, is now encountering increased profit-taking activity from short-term holders. On the weekly chart, ETH is approaching a key resistance zone between $4,300 and $4,800, an area where sellers historically become more aggressive. The last two visits to this price region triggered substantial pullbacks, making it a critical test for bullish momentum. “Traders who entered near the $3,000 level are locking in gains here,”…
Altcoin Retreats After Resistance Rejection, Open Interest Falls The Sui (SUI) price slipped to around $3.69 in Tuesday’s session, marking a sharp 4% intraday decline after failing to sustain momentum above the $3.98 resistance zone. This pullback comes as selling pressure and long position liquidations increase across the market. According to market data, open interest dropped by nearly 15% in the past 24 hours, signaling a wave of leveraged position closures. Funding rates — which had climbed to elevated levels in July — have now retreated sharply, reflecting a cooling sentiment among traders. On the daily chart, SUI recently broke…
