Cosmos’ native token, ATOM, surged 2% in the last 24 hours, showcasing strength despite widespread crypto market uncertainty. Bullish Momentum Pushes ATOM to $4.33 Amid choppy market conditions, ATOM price broke out from $4.28 to reach a session high of $4.33, signaling renewed confidence among buyers. The rally occurred near midnight UTC on August 4, coinciding with a sharp increase in trading volume surpassing 723,000 units. This decisive breakout positions ATOM for a potential upward continuation if bullish sentiment holds. Key Technical Levels in Focus Throughout the session, $4.26 held firm as a support level, validated through repeated tests and…
Author: Blockto Team
Figure Technology Solutions has confidentially filed to go public, riding the wave of optimism across crypto and stock markets. A Major Step Toward Public Markets Figure, a leading force in blockchain-based home equity lending, announced on Monday that it submitted a confidential IPO filing with the U.S. Securities and Exchange Commission (SEC). The company plans to list later this year, becoming one of several crypto-focused firms pursuing a public debut amid renewed investor appetite and favorable U.S. regulatory conditions. Figure has originated over $16 billion in home equity lines of credit using blockchain rails. Part of a Growing Trend in…
Ethereum (ETH) has recovered from recent lows, but analysts warn that without fresh institutional interest, the token may struggle to break above the $3,800 mark. Derivatives and ETF Data Signal Caution Despite a 9% price rebound from $3,355 to $3,666, Ethereum futures and options data remain neutral to bearish. The ETH three-month futures premium sits at 5%, hovering near the threshold that indicates investor skepticism. Even last week’s brief rally toward $3,900 failed to trigger bullish momentum in derivatives markets. Institutional exchange-traded funds (ETFs) saw net outflows of $129 million between Wednesday and Friday. Ethereum Lags in Decentralized Finance Growth…
Investment firm Compass Point has issued a “Sell” rating on Coinbase (COIN), citing overvaluation and deepening regulatory and market risks. The move follows a turbulent earnings season and cautious sentiment around crypto equities. Downgrade Comes with Cut Price Target Compass Point has slashed Coinbase’s year-end price target from $330 to $248, pointing to disappointing second-quarter results and a sluggish outlook for Q3. Despite trading at $316, COIN is still recovering from an 18% post-earnings drop seen last week. The firm cited weakening retail activity, declining subscriptions, and increasing competition in the stablecoin and DeFi sectors. Core Revenue Streams Are Under…
Bitcoin (BTC) is currently testing a crucial technical support level around $113,000, following a sharp rally in July. After surging to $117,000 last week, the world’s leading cryptocurrency is consolidating, with bulls and bears battling for control in a pivotal range. BTC Cools Off After Explosive Q3 Start Bitcoin began August with significant volatility, briefly touching $117,450 before retreating. Over the past 72 hours, BTC has slid nearly 3.8%, bottoming near $112,800 before stabilizing above $113K on Monday. “This pullback appears to be a healthy retest of support after an overheated rally,” said Olivia Zhang, crypto strategist at MetaEdge Capital.…
Decentralized finance (DeFi) lender Credix has confirmed a $4.5 million exploit involving compromised admin wallet access. The platform, which operates on Solana, said it has disabled its front-end and pledged to fully reimburse affected users within 48 hours. Admin Wallet Breach Led to Fake Token Minting On Monday, an attacker gained control of a privileged administrator wallet, using bridge permissions to mint unbacked acUSDC (Sonic USDC). The hacker then borrowed assets against these tokens and drained Credix’s liquidity pools. On-chain analysts traced the breach to address 0xF321…662e, which carried sweeping admin powers. After minting fake assets, the attacker bridged funds…
Crypto exchange Bullish is set to go public on the New York Stock Exchange (NYSE), aiming to raise up to $629 million through an initial public offering (IPO). This move positions the platform among a small but growing group of digital asset firms seeking public listings in U.S. markets. Bullish Targets Up to $629 Million in Capital The company revealed its IPO plan through an updated F-1 filing with the U.S. Securities and Exchange Commission. It intends to offer 20.3 million ordinary shares at a price range of $28 to $31 per share, listing under the ticker symbol BLSH. If…
Top Gainers in the Altcoin Market Today The cryptocurrency market has shown a fresh wave of momentum among altcoins, with several tokens posting notable daily gains. While Bitcoin and Ethereum maintain sideways movement, second-tier assets are emerging as strong performers in the current trading cycle. Iconic Satoshi Nakamoto statue recovered after theft The iconic statue of Satoshi Nakamoto that was displayed in Parco Ciani, a municipal park in Lugano, Switzerland, was recovered on Saturday after the statue went missing. Municipal workers found the statue broken into multiple pieces, thrown in the waters of Lake Lugano and on the surrounding lakeshore. Bitcoin Cash…
The decentralized finance (DeFi) industry is proving its resilience as Arcadia Finance users begin receiving reimbursements following a major protocol exploit. This marks a significant moment for DeFi insurance models, emphasizing the role of on-chain coverage in protecting investors from unforeseen risks. Arcadia Finance Hack Resulted in $3.5 Million Loss In mid-July, Arcadia Finance suffered a $3.5 million exploit involving USDC and USDS assets on the Base blockchain. Attackers bypassed user protections and siphoned funds directly from user wallets, quickly converting the stolen funds to Wrapped Ether (WETH). This event highlighted critical smart contract vulnerabilities, which remain a challenge for…
Institutional confidence in Ethereum continues to rise, as major firms intensify their ETH accumulation strategies to strengthen long-term blockchain infrastructure. Ether Machine Becomes a Top Ethereum Treasury Holder In a bold strategic move, The Ether Machine acquired 10,605 ETH valued at approximately $40 million, reinforcing its status as one of the top three Ethereum treasury entities globally. This purchase follows the firm’s earlier acquisition of 15,000 ETH on Ethereum’s 10th anniversary, signaling a deep-rooted commitment to Ethereum’s growth. The Ether Machine now holds 345,362 ETH, worth nearly $1.2 billion — only trailing behind BitMine and SharpLink. The funds used for…
