Advocates say prosecution of Samourai Wallet developers threatens innovation and misapplies federal law Growing pressure is building around the fate of two Samourai Wallet developers whose convictions have ignited a broader argument over digital privacy and the boundaries of financial regulation. Supporters claim the case marks a turning point for how the United States treats non-custodial software and the developers who build it. The developers, Keonne Rodriguez and William Lonergan Hill, face multi-year federal sentences after pleading guilty to charges related to operating an unlicensed money-transmitting business. Their supporters argue that non-custodial tools do not handle or control user funds,…
Author: Blockto Team
Rising Volume Supports DOGE Rebound, With $0.1470 Now Key to Holding the Bullish Structure Dogecoin posted a 2.7% intraday surge, breaking through an important resistance level and signaling renewed interest from market participants. The movee came alongside a notable rise in trading volume, reinforcing the strength behind the breakout. Market data shows that retail traders were the primary force behind the upswing, while large-wallet transactions dropped to their lowest point in nearly two months. Market reflects a decisive push from the lower demand zone, where buyers previously defended price during repeated declines. As momentum strengthened, DOGE advanced into the mid-range,…
Market indicators point to easing selling pressure and improving consolidation conditions after weeks of volatility After a sharp rebound midweek, Bitcoin is showing early signals of stabilizing, prompting several analysts to suggest that a short-term recovery could be underway. The move follows an extended period of intense selling pressure, leverage unwinding and heightened market volatility. Analysts See Conditions for a Bounce Market researchers noted that a combination of extreme deleveraging, short-term holder capitulation and fading sell pressure has allowed Bitcoin to enter what they describe as a potential “stabilization phase. The recent shakeout eliminated roughly $19 billion in leveraged positions,…
Market maker’s call for tighter oversight sparks backlash from crypto leaders and policy advocates A new regulatory flashpoint has emerged after Citadel Securities urged the SEC to impose full securities oversight on DeFi platforms offeringg tokenized U.S. stocks, prompting strong criticism from blockchain industry voices. The firm’s comments were submitted as part of the SEC’s ongoing review of how tokenized equities should be governed. Citadel’s Call for Stricter Rules In its letter, Citadel argued that platforms enabling tokenized equity trading should not receive broad exemptive relief, insisting they fall under the definitions of an exchange or broker-dealer. The firm warned…
LINK Records 7% Daily Gain After Strong First-Day ETF Inflows Reach $37 Million Chainlink surged 7% as renewed institutional interest pushed the token higher, coinciding with the launch of a new U.S.-listed Chainlink ETF that recorded $37 million in first-day inflows. The move marks a significant milestone for the asset, giving investors a regulated entry point while strengthening market confidence. The markket data shows LINK rebounding sharply from a key demand zone near $12, an area that previously acted as a structural support level. This rebound aligns with the ETF catalyst, indicating that institutional demand may have amplified an already…
Pilots highlight shifting attitudes toward digital assets as Wall Street accelerates blockchain adoption Major U.S. banks have begun testing stablecoin payments, crypto custody and digital-asset trading through pilot programs with Coinbase, according to comments from CEO Brian Armstrong at the DealBook Summit. His remarks — delivered alongside BlackRock chief Larry Fink — signal a turning point in how traditional finance is approaching blockchain technology. Armstrong did not reveal which institutions are participating but emphasized that banks unwilling to experiment with digital assets “are going to get left behind.” During the session, Larry Fink echoed a growing acceptance of Bitcoin, saying…
Industry consolidation accelerates as exchanges pursue scale, regulatory clarity and new revenue lines Crypto merger and acquisition activity surged in 2025, hitting an unprecedented $8.6 billion across 133 deals by November. The figures represent an all-time peak for both transaction value and deal volume, underscoring how digital-asset firms are aggressively expanding despite market volatility and macroeconomic uncertainty. Industry analysts note that the total value of completed deals has surpassed the combined volume of the previous four years, signaling a structural shift in how leading platforms compete. Coinbase Leads 2025 Acquisition Wave Coinbase doubled down on global scale, completing six major…
State regulators argue the platforms are offering unlicensed sports wagering, while Kalshi counters with a federal lawsuit Connecticut regulators have issued cease and desist orders to Robinhood, Crypto.com and Kalshi, alleging the companies are running unlicensed online gambling operations through their prediction markets. The move escalates a widening regulatory battle across the United States as event-contract platforms attract record user activity and investment. The Connecticut Department of Consumer Protection (DCP) said the firms were effectively offering sports wagering without a state license, claiming their event markets fall squarely under gambling laws. Commissioner Bryan Cafferelli stressed that none of the platforms…
Market stabilizes after investor jitters over dilution, with restructuring steps helping restore confidence Bitcoin mining firm IREN saw its share price rebound on Wednesday after revealing a major $3.6 billion fundraising plan designed to accelerate its transition into artificial intelligence infrastructure. The recovery follows a sharp sell-off earlier in the week as investors digested the implications of large-scale equity and debt issuance. After plunging more than 15% on Tuesday, IREN stock climbed 7.6% intraday, closing at $43.96, up 6.9% on the session. The company announced it will raise capital through a $2 billion convertible note offering and an additional $1.63…
Fink reflects on an eight-year evolution from skepticism to leading one of the world’s largest spot Bitcoin ETFs BlackRock CEO Larry Fink has offered his clearest explanation yet of the firm’s transformation from crypto skepticism to becoming a dominant force in the spot Bitcoin ETF market. Speaking at the DealBook Summit, Fink outlined how his thinking has shifted over the last decade—an evolution he described as a “glaring public example of change.” In conversation with journalist Andrew Ross Sorkin and joined by Coinbase CEO Brian Armstrong, Fink acknowledged that he once viewed crypto primarily through the lens of illicit finance.…