NEAR Protocol’s token saw intense intraday volatility on August 5, tumbling 5% to $2.44 before staging a sharp recovery to $2.54. The trading session was marked by massive institutional volume spikes, likely in response to geopolitical uncertainty and risk rebalancing across digital assets. NEAR Price Swings in $0.13 Range as Volatility Surges NEAR traded within a tight 5% range between $2.44 and $2.57, reflecting a volatile session driven by institutional movements. The price fell abruptly from $2.48 to $2.44 at 07:00 UTC, accompanied by a massive 3.2 million token dump, signaling a strong wave of institutional selling. This sharp drop…
Author: Blockto Team
In a significant strategic pivot, Bit Mining has entered the Solana ecosystem, acquiring 27,191 SOL for approximately $4.89 million and launching its own Solana validator. This move marks the company’s initial steps in building a Solana-based corporate treasury and expanding its footprint beyond traditional crypto mining. Solana Validator Launch Supports Network Security The NYSE-listed firm (ticker: BTCM) announced that its validator will be fully self-operated, managed by an internal technical team. The purchased SOL will be staked directly through this validator, enabling onchain earnings via Solana’s proof-of-stake model. This development is part of a broader plan announced in July to…
Galaxy Digital (GLXY) experienced an 8% decline in share price following its second quarter earnings release, as investors appear to be taking profits after a strong recent rally. The company, which was recently listed on Nasdaq, posted $166 million in operating income and $30.7 million in net income for the quarter. Galaxy’s Trading Revenue Grows Despite Market Slowdown Despite a 22% drop in trading volumes, Galaxy’s Global Markets division posted a 28% quarter-over-quarter revenue increase to $55.4 million. This growth indicates the firm’s ability to outperform broader crypto market trends, according to analysts. Galaxy’s loan book reached $1.1 billion, significantly…
Ethereum’s top institutional holders are growing, and SharpLink has once again made headlines, further strengthening its position in the ETH accumulation race. With a recent purchase worth over $264.5 million, the firm has taken its total ETH holdings to an impressive 521,939 ETH, valued close to $1.91 billion. Ethereum Staking Strategy Fuels SharpLink’s Growth Between July 28 and August 3, SharpLink acquired 83,562 ETH at an average price of $3,634. What sets this strategy apart is not just accumulation — the firm has committed to staking 100% of its Ethereum holdings. This move generates passive rewards through Ethereum’s proof-of-stake mechanism.…
Today’s release of the ISM Services PMI for July 2025 revealed slower-than-expected growth in the U.S. services sector, raising concerns among global investors and cryptocurrency traders. The index came in at 51.1, missing the projected 51.5 and showing only a modest expansion after June’s reading of 50.8. This marks the second straight month of fragile recovery following May’s contraction at 49.9. This underwhelming data points to growing uncertainty in the largest segment of the U.S. economy. Economic Weakness and Investor Sentiment The services PMI is a critical indicator of business activity in key areas such as retail, transportation, and financial…
The crypto market saw selective upside today, with several legacy and infrastructure-focused altcoins showing notable gains. Among the standout performers, POL and LTC led the surge, signaling renewed investor interest in proven blockchain assets. Polygon (POL) Outperforms With Strong Daily Upside Polygon (POL) emerged as the top daily gainer, registering a 6.4% increase. The surge reflects growing traction in its layer-2 scaling ecosystem, particularly as developers and enterprise solutions continue to build on the network. Polygon’s growing utility in real-world applications is a key reason behind today’s strong movement. The token’s rise may also be supported by the broader Ethereum…
Semler Scientific (NASDAQ: SMLR) is gaining attention for more than just its healthcare technology. The company’s strategic expansion into bitcoin treasury management could unlock significant upside — yet the market appears to be missing the bigger picture. At just $35 per share, Semler is trading close to the value of its bitcoin holdings, offering little premium for its strategic leverage or long-term goals. Bitcoin Holdings Make SMLR a Hidden Crypto Asset Play According to Benchmark analyst Mark Palmer, investors are overlooking Semler’s unique approach to growing its bitcoin reserves. The stock’s market net asset value (mNAV) is just 1.04, indicating…
The European Union is inching closer to a law that could transform the digital privacy landscape across the continent. Known as the Chat Control proposal, the measure is now supported by 19 of the 27 EU member states, potentially clearing the path for mandatory scanning of all private messages — even before encryption is applied. What Is Chat Control? The initiative aims to combat child sexual abuse material (CSAM), but the scope of the law raises broad concerns about privacy, surveillance, and digital rights. Unlike previous suggestions to weaken encryption, the new plan proposes client-side scanning. This means user content…
Upexi Inc., a diversified consumer brand company, has significantly expanded its Solana (SOL) treasury, growing its holdings by over 172% in July 2025. The company now holds more than 2 million SOL, signaling a bold step into the crypto asset space. This move positions Upexi among the leading corporate holders of Solana, with treasury management emerging as a central part of its strategy. $200M Raised to Expand Solana Investment Strategy During July, Upexi raised $200 million through a mix of common stock sales and convertible notes, fueling multiple Solana acquisitions. Two key purchases included 100,000 SOL on July 21 and…
Coinbase, the major U.S.-listed cryptocurrency exchange, has announced plans to raise $2 billion through a private offering of convertible senior notes. The move comes after its Q2 earnings revealed a revenue downturn, resulting in a sharp 15% drop in its share price on August 4. Convertible Notes Targeting 2029 and 2032 Maturities The offering will be split evenly, with $1 billion in notes maturing in 2029 and another $1 billion maturing in 2032. Coinbase also added an option for institutional buyers to purchase an additional $300 million, split across both tranches. These convertible notes will be senior unsecured obligations, offering…
