Bitcoin asset manager to expand into Asia and offer public exposure to BTC through NYSE listing Bitcoin-focused investment firm Parataxis Holdings Inc. is set to go public in a merger with SilverBox Corp IV, valuing the company at $400 million. The deal positions Parataxis as one of the few publicly traded firms actively managing bitcoin through yield-generating strategies, rather than passive holding. The transaction, structured as a special purpose acquisition company (SPAC) deal, grants Parataxis the opportunity to raise an additional $400 million post-listing via a share purchase agreement. This could double the firm’s valuation depending on investor appetite and…
Author: Blockto Team
Binance Coin eyes breakout as bulls regain momentum Binance Coin (BNB) is showing signs of renewed strength after rebounding from a critical demand zone around $735–$740, according to recent price action. The asset is currently trading near $769, testing a short-term resistance that previously triggered a sharp rejection. After a multi-week downtrend, BNB broke out of a descending channel in mid-July, leading to a strong upward rally that peaked above $850. However, the move was followed by a steep correction. The price found support in the green demand zone, which coincides with a previous consolidation range, hinting at institutional buying…
NEAR price rebounds from key support with high-volume confirmation, testing resistance around $2.50 NEAR Protocol’s native token is showing signs of a potential reversal after weeks of downward pressure, as price rebounds off a major support zone amid a noticeable increase in trading volume. The recovery follows a breakdown from an ascending wedge structure, but buyers appear to be regaining control at a historically significant level. Breakout from local bottom backed by strong demand zone After a multi-week downtrend, NEAR found solid footing around the $2.30–$2.35 region, marked clearly as a green demand zone on the 4-hour chart. Price action…
Jury deadlocks on key charges as Roman Storm awaits sentencing on narrower conviction In a closely watched case for the crypto industry, Roman Storm, co-developer of privacy protocol Tornado Cash, was found guilty of conspiring to operate an unlicensed money transmitting business following four days of jury deliberation. However, the same jury failed to reach a verdict on two more serious allegations: conspiracy to commit money laundering and conspiracy to violate international sanctions. The partial verdict comes after two Allen charges were issued by Judge Katherine Polk Failla, urging the deadlocked jury to reconsider their positions in pursuit of a…
Volume-backed rebound from key support hints at potential trend shift as resistance looms at $4.30 Cosmos’ ATOM token is attempting a rebound after a recent selloff, with technical signals pointing to a stabilization phase around a major demand zone between $4.00 and $4.10. A clear volume expansion accompanied the bounce, offering early signs of renewed buying pressure. The 4-hour chart reveals a well-defined ascending wedge that broke down in late July, leading to a steep drop from the $5.20 region to a local low near $4.05. The drop tested a historical accumulation zone, where bulls have stepped in aggressively in…
Strategic discussions underway to drive India’s digital public infrastructure with blockchain and developer tools Coinbase has taken a major step toward reestablishing its presence in India as its legal chief, Paul Grewal, recently met with Karnataka’s IT Minister Priyank Kharge to explore blockchain collaboration in governance and cybersecurity. The high-level meeting marked a turning point in the crypto exchange’s strategy to contribute to India’s expanding digital public infrastructure, signaling renewed intent to build relationships at the state level. Coinbase Seeks Deeper Role in Indian Web3 Ecosystem Paul Grewal, Coinbase’s chief legal officer, described the talks as productive and forward-looking. He…
Allen charge issued in Tornado Cash case as legal uncertainty grows over crypto developer accountability The federal trial of crypto developer Roman Storm entered a tense phase on Wednesday as Judge Katherine Polk Failla issued an Allen charge, a judicial instruction used when jurors appear deadlocked, urging them to re-examine their positions and continue deliberating. The charge came after several days of stalled discussions in the Tornado Cash-related case, raising questions about how the legal system defines responsibility in decentralized finance. “The court believes a verdict remains achievable,” Judge Failla said from the bench, affirming prosecutors’ position that further deliberations…
Altcoins post healthy momentum with POL outperforming BCH and NEAR in short-term rally In today’s crypto market session, select altcoins saw meaningful upside as buyers returned to key sectors. While Bitcoin and Ethereum hovered in consolidation zones, several mid-cap tokens outpaced expectations, with POL registering the highest intraday performance among top movers. According to recent trading data, POL surged by 4.1%, leading gains among notable altcoins. Bitcoin Cash (BCH) followed with a 2.2% rise, while NEAR Protocol added 1.0%, showing modest yet stable growth. Market Signals Suggest Renewed Confidence in Mid-Caps The broader altcoin market remained relatively flat, but the…
New ETF offerings could reshape Japan’s digital asset investment landscape pending regulatory approval SBI Holdings, one of Japan’s leading financial services groups, has laid out plans to launch the country’s first-ever Bitcoin-XRP dual cryptocurrency ETF, potentially marking a major milestone in Japan’s cautiously evolving digital asset market. Unveiled in the company’s recent earnings report, SBI’s proposed offerings include two crypto-centric exchange-traded products. The first is a hybrid ETF trust, blending 51% exposure to gold-based ETFs and 49% to crypto assets, primarily Bitcoin. This product is expected to be publicly offered as an investment trust within Japan. The second, and more…
Privacy-focused sidechain targets broad cross-chain user base in phased token rollout In a bold move toward reimagining cross-chain privacy and value distribution, Cardano’s Midnight Network has officially begun the first phase of its NIGHT token airdrop, titled the “Glacier Drop.” The distribution, live as of Wednesday, targets users from eight major blockchain ecosystems and emphasizes a privacy-preserving, fair launch model. Eligible wallets include those holding at least $100 in native tokens on Bitcoin, Ethereum, Solana, BNB Chain, Cardano, Avalanche, XRP Ledger, or Brave, based on a June 11 snapshot. “Midnight is designed to return control of data and identity back…
