Blockto

Author: tristan

  • 21Shares Files Second Amendment for Hyperliquid ETF, Targets Nasdaq Listing Under THYP

    21Shares Files Second Amendment for Hyperliquid ETF, Targets Nasdaq Listing Under THYP

    21Shares submitted its second amended S-1 filing to the U.S. Securities and Exchange Commission, signaling continued progress toward launching a spot ETF tied to the HYPE token of Hyperliquid.

    The filing states the fund is expected to list on the Nasdaq Stock Market under the ticker THYP, potentially making it one of the first ETFs tracking the Hyperliquid ecosystem.

    SEC

    Seed Shares and Initial Investment Structure Disclosed

    The filing revealed that 21Shares US LLC purchased two seed shares at $50 each on March 18, later redeeming them the following week. The sponsor plans to purchase 20,000 shares at $25 each as an initial creation basket to acquire HYPE tokens before launch.No sponsor fee was disclosed in the amendment.

    ETF Plans to Stake 30%–70% of HYPE Holdings

    The proposed ETF intends to stake between 30% and 70% of its HYPE holdings, depending on utilization rates.Competing applications from Bitwise and Grayscale are also progressing, with Bitwise planning a BHYP ticker and a 0.67% annual management fee.

    HYPE traded around $43, down about 3% in 24 hours, with a market capitalization near $10.4 billion.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

  • Bitcoin ETF Inflows Hit $412 Million as Goldman Sachs Files New BTC Fund

    Bitcoin ETF Inflows Hit $412 Million as Goldman Sachs Files New BTC Fund

    US listed spot Bitcoin ETFs recorded $411.5 million in inflows on Tuesday, marking the second largest daily inflow of April and pushing 2026 year to date net flows to about $245 million according to SoSoValue data. The rebound lifted total assets under management above $96.5 billion, the highest level seen since mid March.

    The renewed momentum coincided with a major institutional development as Goldman Sachs filed with regulators to launch a Bitcoin-linked exchange-traded fund, signaling continued expansion of traditional finance participation in the digital asset sector.

    Institutional Demand Strengthens With Major ETF Contributions

    Among existing funds, BlackRock led inflows through its iShares Bitcoin Trust ETF (IBIT), which attracted roughly $214 million in a single day according to Farside data. The fund extended its inflow streak to five consecutive sessions, reaching about $696 million over that period.

    Daily spot Bitcoin ETF flows (in millions of dollars) from April 8.

    Meanwhile, Morgan Stanley continued to see steady interest in its Morgan Stanley Bitcoin Trust ETF (MSBT), which recorded approximately $84 million across five days. Additional contributions came from the ARK 21Shares Bitcoin ETF (ARKB) with $113 million and the Fidelity Wise Origin Bitcoin Fund (FBTC) with $45 million in inflows.

    Altcoin ETF Inflows and Bitcoin Price Recovery Support Market Sentiment

    Positive flows extended beyond Bitcoin-focused funds. Spot Ether ETFs recorded about $53 million in inflows, while XRP funds added $11 million, Solana funds gained just over $1 million, and Dogecoin ETFs brought in roughly $187,000, lifting cumulative inflows to about $9.2 million.

    At the same time, Bitcoin’s market price briefly rose above $75,000, reaching its highest level since mid-March before pulling back to trade slightly below $74,000. Market sentiment also showed signs of improvement, with the Crypto Fear & Greed Index moving above 21, indicating cautious optimism returning to the digital asset market.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

  • Kraken IPO Plans Remain Active as Valuation Adjusts After New Investment

    Kraken IPO Plans Remain Active as Valuation Adjusts After New Investment

    Crypto exchange Kraken has signaled that its plans to go public remain under consideration despite earlier reports suggesting the process had been paused. The company confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission in November, a move that positioned it among major crypto firms exploring public listings.

    During remarks at the Semafor World Economy 2026 conference, co-CEO Arjun Sethi acknowledged the confidential filing when asked about future listing plans. While he did not directly address reports about a potential delay, his confirmation suggested that the IPO pathway remains part of the company’s broader strategy.

    Kraken co-CEO Arjun Sethi Speaking at the Semafor World Economy 2026

    Strategic Investment Lowers Kraken Valuation

    A significant development came as Deutsche Börse Group invested $200 million in Kraken’s parent firm, Payward. The investment secured a 1.5% fully diluted stake and valued Kraken at approximately $13.3 billion, marking a decline from its earlier $20 billion valuation recorded around the time of its IPO filing.

    The investment reflects efforts to integrate cryptocurrency infrastructure with traditional financial systems, creating unified platforms designed to serve institutional clients.

    Long-Term IPO Strategy Reflects Regulatory and Market Trust

    Company leadership indicated that the decision to pursue a public listing is being evaluated from a long-term perspective rather than reacting to short-term market conditions. Executives emphasized that access to capital is only one factor, with regulatory trust and market stability playing key roles in determining the timeline.

    This approach highlights how major crypto exchanges are balancing growth ambitions with evolving global regulatory frameworks as they prepare for potential public offerings.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

  • X Launches Smart Cashtags in US and Canada as It Moves Toward “Everything App”

    X Launches Smart Cashtags in US and Canada as It Moves Toward “Everything App”

    Social media platform X has rolled out its new smart cashtag feature for iPhone users in the United States and Canada, allowing real-time access to stock and cryptocurrency data directly inside posts. The feature lets users tag assets or smart contract addresses, with each cashtag opening live price charts, market data, and related discussions within the app.

    The rollout is part of Elon Musk’s broader vision to transform X into an “everything app” that integrates messaging, social networking, payments, and financial services in one ecosystem. X’s head of product Nikita Bier stated that cashtags represent an early step toward building a centralized hub for the finance and crypto community.

    Canada Trading Integration Signals Financial Expansion

    In Canada, users will soon be able to trade stocks and crypto directly through X via a partnership with brokerage platform Wealthsimple. While this trading functionality has not yet launched in the United States, it indicates how financial services may be embedded directly into the platform in future phases.

    The integration reflects X’s gradual shift toward becoming a financial infrastructure layer, with planned expansions to web and Android versions and broader global availability.

    X Pushes Toward Web3-Style Financial Ecosystem

    Industry commentary suggests X is positioning itself similarly to WeChat Pay, integrating payments and trading into a single platform experience. Observers note that crypto native features, combined with recent efforts to remove bot activity, may support future wallet-based transactions and peer-to-peer financial tools within the app.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

  • Bitmine Reports $3.8 Billion Quarterly Net Loss Driven by Unrealized Ethereum Decline

    Bitmine Reports $3.8 Billion Quarterly Net Loss Driven by Unrealized Ethereum Decline

    Bitmine Immersion Technologies has reported a net loss of $3.82 billion for the quarter ended February 28, 2026, primarily driven by unrealized losses on its large Ethereum (ETH) holdings. The company’s filing shows losses widening sharply from $1.15 million in the same period last year, highlighting the volatility impact of digital asset treasury strategies.

    For the six-month period ending February 28, total losses exceeded $9 billion, compared with $2.1 million a year earlier. The company stated that most of the quarterly loss came from approximately $3.78 billion in unrealized declines in the value of its crypto holdings.

    SEC

    Bitmine Expands Ethereum Holdings Despite Market Pressure

    As of April 12, Bitmine held around 4.87 million ETH, worth roughly $10.7 billion, making it the largest corporate Ethereum treasury globally and the second-largest overall crypto treasury after Strategy. The company is targeting control of about 5% of total ETH supply and currently holds approximately 4.04%.

    Chairman Tom Lee said the firm continues to accumulate Ethereum, viewing market weakness as an opportunity tied to long-term network fundamentals and staking yield potential.

    Revenue Growth Offset by Staking Income

    Despite heavy losses, Bitmine reported $11.04 million in quarterly revenue, up significantly from $1.5 million a year earlier. Around $10 million came from ETH staking rewards, supported by staking over 3.33 million ETH, or about 68% of total holdings.

    The company also holds $719 million in cash, 198 Bitcoin, and additional strategic equity investments, while maintaining expansion plans in its Ethereum-focused treasury strategy.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

  • ETH/BTC Ratio Rebounds From 2026 Lows as Ethereum Network Growth Signals Recovery

    ETH/BTC Ratio Rebounds From 2026 Lows as Ethereum Network Growth Signals Recovery

    The ETH/BTC ratio has rebounded from its 2026 lows, climbing to around 0.0313, its highest level in three months. The ratio had previously dropped to nearly 0.028 in February but remains below its January peak near 0.038. Over the past seven days, Ether gained roughly 4% to trade near $2,325, slightly outperforming Bitcoin, which advanced about 3.9% during the same period.

    The ETH/BTC ratio is widely tracked as a measure of relative strength between ether and bitcoin. A rising ratio typically signals increased risk appetite and capital rotation into alternative crypto assets, while a declining ratio often reflects preference for bitcoin’s relative stability.

    Ethereum Network Activity and Stablecoin Growth Support Momentum

    Ethereum’s improving fundamentals have supported the recent rebound. New users on the network increased by 82% quarter over quarter in Q1, reaching approximately 284,000 new participants. Total transactions also surged to a quarterly record of 200.4 million, marking a 43% increase from the previous period.

    ETHBTC daily price chart

    Stablecoin supply on Ethereum reached an all-time high of $180 billion, growing about 150% over the past three years. The network currently holds around 60% of the global stablecoin market, reinforcing its role as a dominant settlement layer.

    Despite recent gains, ether remains more than 50% below its 52-week high of $4,831. Market analysts suggest the ETH/BTC ratio must reclaim the 0.035 level on a weekly closing basis to confirm a durable trend shift rather than a short-term bounce driven by short covering.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

  • Iran Conflict Expands Bitcoin Market Potential Beyond Gold, Says Bitwise

    Iran Conflict Expands Bitcoin Market Potential Beyond Gold, Says Bitwise

    Bitcoin’s long-term market potential may extend beyond gold’s estimated $34 trillion valuation if the digital asset evolves into both a store of value and a widely accepted currency. This view was highlighted by Bitwise Chief Investment Officer Matt Hougan, who noted that recent geopolitical tensions involving Iran have underscored Bitcoin’s growing role beyond its comparison to gold.

    Hougan pointed to discussions around crypto based payments for maritime transit near the Strait of Hormuz as an example of how Bitcoin could function in real-world currency-like scenarios, especially when traditional financial systems face disruption.

    Long-Term Bitcoin Price Outlook and Adoption Trends

    Bitcoin is currently trading near $74,500 with a market capitalization of about $1.4 trillion, still far behind gold’s more than $33 trillion market value. However, projections suggest that if Bitcoin captures around 17% of the global store-of-value market within the next decade, its price could approach $1 million per coin.

    Private and public companies collectively hold more than 1.5 million Bitcoin

    Rising Global Usage Supports Expansion Narrative

    Adoption continues to grow in high-inflation economies such as Argentina, Turkey and Venezuela, where citizens use Bitcoin to protect purchasing power. Corporate demand is also increasing, with private and public firms collectively holding more than 1.5 million BTC valued at over $116 billion. Additionally, around 11,000 merchants worldwide now accept Bitcoin as payment, reinforcing its evolving financial role.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

  • Bitcoin BIP-361 Proposal Targets Quantum Threat With Plan to Freeze Vulnerable Coins

    Bitcoin BIP-361 Proposal Targets Quantum Threat With Plan to Freeze Vulnerable Coins

    A group of Bitcoin developers led by cypherpunk Jameson Lopp has introduced BIP-361, a draft proposal aimed at protecting the network from future quantum computing threats. The proposal focuses on freezing quantum vulnerable coins, including an estimated 1.7 million BTC stored in early P2PK addresses, which includes holdings believed to belong to Satoshi Nakamoto, valued near $74 billion.

    BIP-361 builds on BIP-360, which proposed a soft fork introducing a new output format known as pay-to-Merkle-root (P2MR). This format is designed to function similarly to Taproot (P2TR) but removes key paths considered vulnerable to quantum attacks.

    Under the plan, Phase A would block sending BTC to legacy addresses three years after activation. Phase B would invalidate old signatures after five years, effectively freezing remaining vulnerable funds. Phase C proposes a recovery option using zero-knowledge proofs.

    Proposed three-phase solution to the quantum threat.: GitHub

    Community Debate Emerges Over Security and Ownership Risks

    While developers describe the proposal as a defensive strategy to protect long-term network value, critics argue it conflicts with Bitcoin’s principle of preserving user ownership. Some community members warn that forcing upgrades could permanently lock funds belonging to users who fail to migrate in time, raising philosophical and technical concerns across the ecosystem.

     Mark Erhardt, shared BIP-361 on X on Tuesday;

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

  • Trump Signals Iran War Near End as Bitcoin, Gold and Oil React to Cooling Tensions

    Trump Signals Iran War Near End as Bitcoin, Gold and Oil React to Cooling Tensions

    Donald Trump stated that the conflict with Iran is “close to over” during an upcoming interview with Maria Bartiromo . The remarks came as the US Central Command (CENTCOM) reported progress from its naval blockade of the Strait of Hormuz, which initially halted several vessels and redirected merchant ships from Iranian-linked ports.

    Maria Bartiromo in recent interview

    Trump indicated that military actions were aimed at preventing Iran from advancing toward nuclear capability, adding that the situation now appears to be nearing resolution. While some tracking data showed a limited number of ships passing through the strait, officials suggested these movements occurred during permitted windows.

    Bitcoin and Gold Touch Key Levels as Markets Stabilize

    Financial markets reacted quickly to signs of easing tensions. Bitcoin briefly tapped the $76,000 level during the previous session, reflecting renewed investor confidence and improved risk appetite. Gold also reached a notable level near $4,872, signaling sustained demand for safe-haven assets despite cooling geopolitical fears.

    $BTC 4h price chart

    At the same time, WTI crude oil prices dropped to around $87 per barrel, reflecting reduced supply concerns as fears of prolonged disruption in the Strait of Hormuz began to ease.

    WTI crude oil
    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

  • CoW Swap Issues Warning After DNS Hijacking Forces Platform Shutdown

    CoW Swap Issues Warning After DNS Hijacking Forces Platform Shutdown

    The decentralized exchange aggregator CoW Swap has warned users to stay away from its platform after its domain was hijacked in a suspected DNS attack. In a public update, the decentralized autonomous organization behind the protocol confirmed that the incident affected its main website, forcing the shutdown of backend services and APIs while the issue is being investigated.

    According to the announcement, the attack targeted the platform’s frontend through domain manipulation, creating a risk of phishing or malicious transactions. The team stated it is actively working to restore control and advised users not to access the platform until an official confirmation declares it safe.

    Token Price Reaction and Industry Security Context

    Following the security alert, the COW token declined more than 3%, falling to about $0.2159 from roughly $0.2229. DNS hijacking incidents have previously impacted several decentralized finance platforms, highlighting persistent vulnerabilities within web-based infrastructure.

    Security concerns remain elevated across the industry, with blockchain security data showing approximately $482 million lost to Web3-related hacks and scams during the first quarter of 2026, with phishing attacks accounting for the majority of incidents.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.