Terraform Labs Founder Faces Dual Legal Battles After Terra Collapse Terraform Labs co-founder Do Kwon is urging a US court to keep his prison sentence to no more than five years, marking a new chapter in the fallout from the 2022 Terra ecosystem crash. The collapse erased roughly $40 billion from global crypto markets and triggered one of the largest regulatory responses in the industry’s history. Kwon argues that a longer sentence would be excessive given the years he has already spent in detention. A Push for a Reduced Sentence In a recent court filing, Kwon’s legal team emphasized that…
Author: Blockto Team
Ethereum Co-Founder Backs Messaging Apps Focused on Metadata-Free Communication Ethereum co-founder Vitalik Buterin has committed over $760,000 in Ether to two decentralized messaging platforms that he believes represent the “next steps” in protecting online privacy. The move highlights a growing push within the crypto community to build communication tools that operate without traditional identifiers. In a recent public statement, Buterin emphasized that encrypted messaging is essential for safeguarding digital freedom, but added that innovation must extend beyond basic encryption. He pointed to permissionless account creation and metadata-resistant architectures as critical features for the future. To support this direction, Buterin donated…
Solana Technical Analysis Shows Signs of Stabilization Solana (SOL) has reclaimed the $140 level after a period of sharp decline, offering a tentative signal that buyers may be attempting to establish a short-term floor. A review of the recent daily chart suggests that market structure shifts, liquidity zones, and reaction points are beginning to align for a possible relief move—though major resistance remains overhead. After weeks of sustained downward pressure, Solana’s price action has bounced from a previously mapped strong low region around the mid-$130s. The chart shows a clean interaction with a historical demand block, triggering a mild rebound.…
Firm Adds Millions in Crypto-Linked Stocks Amid Expectations of Improving Market Liquidity Ark Invest has continued expanding its exposure to crypto-related equities, purchasing more than $16 million in Coinbase shares this week as CEO Cathie Wood predicts that tightening financial conditions may ease in the weeks ahead. The firm disclosed buying 62,166 shares of Coinbase across three of its exchange-traded funds, strengthening its position in one of its highest-conviction holdings. Coinbase now stands as the fifth-largest position in the ARK Innovation ETF, with a market value approaching $400 million. Despite a 4% gain on Wednesday, the stock remains sharply lower…
New Legislation Brings Exchanges and Custodians Under AFSL Licensing Framework Australia is moving closer to establishing a clear regulatory structure for digital asset businesses after the government introduced a bill that places crypto platforms under the country’s long-standing financial services regime. The proposed Corporations Amendment (Digital Assets Framework) Bill 2025 would require exchanges, custodians and other crypto service providers to obtain an Australian Financial Services License (AFSL) for the first time. Presenting the bill to parliament, Assistant Treasurer Daniel Mulino said the reforms are essential for safeguarding consumers and supporting innovation.“Across the world, digital assets are reshaping finance. Australia must…
Institutional Use of Ripple USD Expands Across UAE Financial Zones Ripple’s dollar-backed stablecoin, RLUSD, has secured a major regulatory milestone in the UAE after being formally approved for institutional use inside the Abu Dhabi Global Market (ADGM). The recognition classifies RLUSD as an Accepted Fiat-Referenced Token, allowing licensed financial firms in the free-zone to integrate the asset into payments, treasury operations and other regulated activities. The approval comes as the UAE accelerates oversight of digital assets. ADGM’s Financial Services Regulatory Authority confirmed that firms operating with RLUSD must comply with strict requirements on reserve management, transparency and asset backing, ensuring…
Institutional Testing on Stellar Sparks Renewed Interest as Price Rebounds From Multi-Month Lows The price of Stellar’s XLM token climbed more than 3% to $0.25, buoyed by news that a major U.S. banking institution has selected the Stellar network to test a programmable stablecoin pilot program. The development arrives at a time when XLM has been attempting to stabilize after weeks of downward pressure, with technical indicators showing early signs of a potential recovery. Institutional Testing Lifts Market Sentiment Stellar continues to strengthen its role in bank-grade digital asset infrastructure, with banks increasingly exploring tokenized deposits, stablecoins, and programmable payments.…
Global Stock Exchange Group Urges Targeted Rules as Tokenized Equities Surge in Popularity The debate over tokenized stocks in the United States is escalating, with major stock exchanges urging regulators to avoid granting broad exemptions to crypto platforms. In a recent letter, the World Federation of Exchanges (WFE) warned that widespread regulatory relief could weaken market safeguards at a time when demand for blockchain-based equities is accelerating. Exchanges Push Back as Tokenization Momentum Builds Tokenized equities — digital representations of publicly listed company shares — have been gaining traction due to 24/7 trading, instant settlement, and lower barriers to access.…
New Data Highlights Profit-Taking Patterns and Shifting Stablecoin Flows Blockchain analytics provider Glassnode has identified a “strong negative correlation” between Bitcoin (BTC) activity and USDt (Tether) exchange flows over the past two years. The finding adds a new layer to the ongoing discussion about how stablecoin movement reflects investor sentiment and market cycles. BTC Rallies Align With USDt Leaving Exchanges Glassnode’s analysis, published Wednesday, compared Bitcoin’s price to net USDt flows to and from exchanges since December 2023. The data revealed that USDT outflows have consistently aligned with phases of Bitcoin strength, suggesting that investors tend to deploy their stablecoins…
Major South Korean Exchange Moves Assets to Cold Storage as Investigations Begin South Korea’s largest cryptocurrency exchange, Upbit, has halted all withdrawals and deposits after confirming an early-morning security breach that resulted in the loss of approximately 54 billion KRW ($36.8 million) in digital assets linked to the Solana network. Abnormal Solana Outflows Trigger Emergency Response Upbit disclosed that at around 4:42 a.m. local time, the platform detected abnormal withdrawals involving multiple Solana-based tokens routed to an unidentified external wallet. Exchange officials confirmed that a broad set of assets — including SOL, BONK, ORCA, RAY, PYTH, RENDER, USDC and others…