Rapid growth in users, rising stablecoin adoption, and regulatory gaps push the South African Reserve Bank to flag digital assets as an emerging threat South Africa’s central bank has raised new concerns over the rapid expansion of digital assets, warning that crypto and stablecoins now represent a meaningful financial stability risk for the country. In its 2025 Financial Stability Review, the South African Reserve Bank (SARB) pointed to surging trading volumes, millions of new users, and regulatory blind spots that could enable capital flows outside traditional oversight. Crypto Usage Surges Across South Africa The report highlights that combined user registrations…
Author: Blockto Team
Acting chair Caroline Pham opens nominations for a CEO-led advisory council to guide policy on digital assets, prediction markets, and emerging financial products The U.S. Commodity Futures Trading Commission (CFTC) has opened nominations for a new CEO Innovation Council, signaling the agency’s intent to strengthen its oversight of digital assets and other fast-evolving financial markets. Acting chair Caroline Pham said the group will play a central role in shaping policy across crypto markets, prediction platforms, and emerging product categories as the CFTC’s mandate continues to expand. CFTC Launches CEO Innovation Council Focused on Digital Assets In a notice released Tuesday,…
Configuration errors, rate-limit failures, and a premature multisig execution push deposits past cap and force MegaETH to freeze the raise at $500 million MegaETH’s highly anticipated pre-deposit event came to an abrupt halt after a series of technical failures derailed what was expected to be a carefully controlled entry process for verified users. The issues not only disrupted the platform’s Know Your Customer system but also caused the raise to exceed its intended cap, ultimately leading the team to abandon its $1 billion expansion plan. MegaETH Faces Technical Setbacks During Pre-Deposit The pre-deposit window was designed exclusively for verified users…
Approval from NYDFS positions MoonPay among a select group of crypto firms offering custody and OTC trading under New York’s strict regulatory framework Cryptocurrency payments company MoonPay has received a major regulatory milestone in the United States, gaining a New York trust charter from the state’s Department of Financial Services (NYDFS). The approval places MoonPay among a limited number of digital asset firms authorized to operate highly regulated services in one of the toughest compliance jurisdictions in the world. The charter follows the company’s earlier receipt of a BitLicense in June, strengthening its position within the expanding U.S. crypto regulatory…
BCH retraces sharply after failing to hold the upper supply zone, signaling a renewed battle between bulls and sellers Bitcoin Cash slid 6% in the past session, reversing earlier gains as price action reacted sharply to a major resistance band that has capped upside attempts since late summer. The sudden pullback comes at a crucial moment in BCH’s multi-month structure, with traders watching for signs of whether the asset can maintain its broader bullish recovery or slip into deeper correction territory. Sharp Reversal From Supply Zone The decline followed an attempted breakout into a wide red supply region between $610…
Over 300 Victims of the 2023 Israel Attack Claim the Exchange Enabled Militant Financing A new federal lawsuit filed in North Dakota has accused global crypto exchange Binance of “knowingly facilitating” financial transactions for Hamas and other U.S.-designated terrorist organizations prior to the militant group’s attack on Israel in October 2023. The case was brought by more than 300 victims and family members affected by the attack, marking one of the most extensive legal challenges the company has faced in the United States. Claims of Long-Term Illicit Fund Movement The 284-page filing argues that Binance enabled transactions connected to Hamas,…
Early institutional volume approaches $11 million, giving DOGE its strongest recovery signal since October Dogecoin posted a 5% intraday rebound, snapping a multi-week losing streak after the debut of new DOGE-linked ETF products sparked renewed institutional attention. The move comes at a critical moment, with price action sitting just above a heavily contested demand zone where buyers historically defend aggressive dips. Strong Technical Reaction at Key Support DOGE fell sharply earlier this month, touching the lower boundary of a broad green accumulation zone that has repeatedly acted as the last strong support before trend reversals. The market reacted firmly, producing…
U.S. spot XRP ETFs surpass BTC, ETH, and SOL funds in day-one performance, signaling rising institutional confidence in XRP’s settlement use-case The launch of multiple U.S. spot XRP exchange-traded funds on NYSE Arca marked a standout moment for the crypto ETF market this week. New data shows that Grayscale and Franklin Templeton’s XRP products each crossed the $60 million mark in first-day inflows, setting a strong tone for institutional interest in XRP. Their early performance places them ahead of comparable Bitcoin, Ethereum, and Solana ETFs for the day, highlighting shifting dynamics in investor appetite. XRP ETF Inflows Surge on Opening…
Crypto Banking Under Pressure Amid Renewed Debanking Concerns Banking giant JPMorgan Chase has reportedly closed the personal accounts of Strike CEO Jack Mallers, reigniting fears of widespread debanking in the cryptocurrency sector. Mallers, whose company facilitates Bitcoin Lightning Network payments, stated on X that the bank provided no explanation for the account closures. “Every time I asked why, they said the same thing: We aren’t allowed to tell you,” Mallers said, highlighting the lack of transparency in the decision. The move has intensified worries about a resurgence of Operation Chokepoint 2.0, a term used by critics to describe potential government…
Tokyo-listed Company Accelerates BTC Purchases Through Collateralized Loans Metaplanet, a Tokyo-listed Bitcoin treasury company, has drawn an additional $130 million in Bitcoin-backed credit, signaling a continued push to scale its BTC holdings and income-generating programs. The new loan was executed under a previously announced $500 million credit facility, bringing the company’s cumulative borrowing to $230 million, up from $100 million drawn earlier in October. The firm noted that using Bitcoin as collateral exposes it to margin calls if BTC prices decline, but it expressed confidence in its reserve size, stating that it maintains “sufficient collateral headroom” to absorb potential volatility.…