Broker sets $510 price target as ETH rally boosts revenue from staking and Layer 2 Wall Street broker Bernstein has identified Coinbase as one of the most strategically positioned companies to benefit from Ethereum’s accelerating growth, assigning the crypto exchange an “outperform” rating with a $510 price target. According to the report, ether (ETH) has surged 80% since June 5, driven by Circle’s listing and increased awareness that the majority of stablecoins are minted on the Ethereum network. This rally, Bernstein says, signals the potential start of an altcoin-led market cycle — with Coinbase poised to capture significant upside. Coinbase…
Author: Blockto Team
LINK posts nearly 9% surge while ETH and BTC record moderate growth In the latest cryptocurrency market performance, Chainlink (LINK) emerged as the top gainer of the day, rising 8.9%, significantly outpacing the growth of other major digital assets. Ethereum (ETH) and Bitcoin (BTC) followed with more modest increases of 3.3% and 3.0%, respectively. Analysts say the move underscores a shift in trader sentiment toward altcoins amid broader market stability. Bitcoin’s corporate boom raises “Fort Knox” nationalization concerns According to market tracking data, LINK’s strong rally comes as investors anticipate growing adoption of decentralized oracle networks in DeFi and real-world…
Polkadot’s DOT token saw a sharp intraday pullback on Monday, dropping nearly 6% from its session high in what appears to be a bearish reversal after a short-lived rally. At the time of writing, DOT is trading near $3.88, holding just above a key support zone at $3.90. Technical analysis shows that DOT recently tested a resistance level at $4.15, but failed to break through, triggering a wave of selling pressure. This reversal follows a multi-day uptrend from late July, during which DOT recovered from lows near $3.50 after breaking out of a prolonged descending channel pattern. The $3.90 zone…
Traditional Market Data Meets Blockchain Innovation In a significant move for the blockchain industry, blockchain oracle provider Chainlink has partnered with Intercontinental Exchange (ICE) — the parent company of the New York Stock Exchange — to bring foreign exchange (forex) and precious metals market data directly onchain. The collaboration integrates ICE’s Consolidated Feed, which compiles information from over 300 global exchanges and marketplaces, into Chainlink Data Streams. This enhancement aims to provide low-latency, tamper-resistant data to over 2,000 decentralized applications (DApps) and financial institutions operating in tokenized markets. According to industry experts, reliable market data is the backbone of automated…
Corporate giant marks milestone with fresh $18M purchase amid record prices In a bold move signaling continued confidence in Bitcoin, Strategy has added another $18 million worth of the cryptocurrency to its already massive treasury, marking the fifth anniversary of its landmark BTC adoption plan. The company disclosed in a recent SEC filing that it acquired 155 BTC last week at an average price of $116,401 per coin. This brings its total holdings to 628,946 BTC, purchased for about $46.1 billion at an average cost of $73,288 per Bitcoin. The purchase coincided with Bitcoin trading near all-time highs of around…
Analysts warn rising institutional holdings could echo gold’s 1971 centralization Bitcoin’s corporate holdings have surged past $100 billion, sparking warnings from market analysts about potential centralization risks that could parallel the United States’ historic move to nationalize gold in the early 1970s. Recent data shows publicly traded companies and institutional treasury managers now hold more than 791,000 BTC, valued at roughly $93 billion — nearly 4% of the circulating supply. While advocates see this as a milestone for mainstream adoption, others fear it could create a single point of vulnerability for the world’s largest cryptocurrency. The historical parallel refers to…
Volatile swings highlight profit-taking as traders eye critical support zones NEAR Protocol’s price action turned turbulent on Monday, swinging within a $0.12 intraday range before sellers regained control, pushing the token toward a crucial support level near $2.65. The move comes after a multi-day recovery rally that lifted NEAR off its early August lows, fueled by a broader rebound in cryptocurrency markets. The 4-hour chart shows that NEAR stalled at a key resistance band around $2.75–$2.80, a level previously rejected in late July. The rejection coincided with a spike in sell volume, signaling that short-term traders were locking in gains…
BitMine, SharpLink, and The Ether Machine Lead Institutional Accumulation Corporate Ether (ETH) holdings have hit a record $13 billion, with total balances across treasury-holding companies now reaching 3.04 million ETH, according to data from Strategic ETH Reserve (SER). The milestone comes as ETH’s price rallied past $4,300, gaining 20.4% in the past week. BitMine Immersion Technologies leads all corporate holders with 833,100 ETH, a 410.68% increase in its holdings over the past month. The stash, worth over $3.58 billion at current prices, makes BitMine the first company to hold more than $3 billion in ETH. Following BitMine is SharpLink Gaming,…
Traders Eye Potential Pullback as Gap-Filling Risk Remains Bitcoin (BTC) surged past $121,000 in early Monday trading, extending weekend gains that pushed the spot price above $119,000 and creating a new CME futures gap. The move comes as momentum builds near all-time highs, with analysts weighing the possibility of a “runaway gap” versus a near-term retracement to fill the void. The CME Bitcoin futures market closed Friday at $117,430, reopening on Monday with a notable gap due to strong weekend price action. Historically, such gaps tend to be filled as price revisits those levels, but in rare cases, powerful bullish…
Ether Products Lead with Record $270M Weekly Inflows Global cryptocurrency exchange-traded products (ETPs) saw a strong rebound last week, pulling in $572 million in net inflows, according to data from digital asset manager CoinShares. The gains came after the prior week ended a historic 15-week inflow streak that had brought in $27.8 billion. The latest inflows lifted year-to-date totals to a record $30.7 billion, while total assets under management (AUM) for crypto ETPs reached an all-time high of $226 billion. Policy Shift Sparks Late-Week Surge CoinShares head of research James Butterfill said much of the turnaround came in the second…
