Cryptocurrency markets have seen a significant short squeeze across the top 500 digital assets, driven by rapid price moves that forced traders betting on declines to close positions. Data from market analytics shows a surge in short liquidations, with the total value of forced closures reaching hundreds of millions of dollars over a short period. This market action marks one of the most intense unwindings of bearish bets in recent weeks, highlighting heightened volatility in crypto derivatives trading. According to data shared by analytics firm Glassnode; The squeeze occurred as Bitcoin and other major coins rallied unexpectedly, triggering stops and automated…
Author: Blockto Team
Support for comprehensive U.S. crypto market structure legislation remains intact at Robinhood, even as the bill faces fresh delays and internal industry divisions. The company’s chief executive reaffirmed commitment to the proposal following the Senate Banking Committee’s decision to postpone its scheduled markup. In a public statement, Robinhood emphasized that staking services and tokenized stocks are among the most requested features on its platform, yet remain limited or unavailable in parts of the United States due to regulatory uncertainty. The company argues that clear rules are essential for innovation to develop domestically rather than shifting overseas. In a Wednesday post on X,…
Decentralized finance projects are quietly scaling back their use of public Discord servers, citing rising security risks and an increase in phishing scams targeting users. What was once a core hub for community engagement is now being viewed by many builders as a growing liability. The shift became more visible after a major DeFi lending protocol moved its public Discord into read-only mode, redirecting users toward ticket-based help desks and private support tools. The decision reflects a broader concern that Discord has become one of the most exploited platforms for crypto-related scams, where attackers impersonate administrators and directly message users…
A growing debate in Washington over interest-bearing stablecoins is raising alarms inside the U.S. banking sector. According to Bank of America’s chief executive, regulatory decisions made by Congress could reshape how trillions of dollars move through the financial system. Stablecoins Could Drain Up to $6 Trillion From Banks Bank of America CEO Brian Moynihan recently cautioned that as much as $6 trillion in U.S. bank deposits could shift into stablecoins if lawmakers allow these digital assets to pay interest. That amount represents nearly one-third of total commercial bank deposits, based on analysis linked to U.S. Treasury research. He explained that…
The London Stock Exchange Group (LSEG) has introduced a new digital settlement platform designed to connect commercial bank money with blockchain infrastructure, marking a significant step in the modernization of post-trade finance. The platform, called Digital Settlement House (DiSH), enables instant, 24/7 settlement across both blockchain-based networks and traditional payment systems, supporting multiple currencies and jurisdictions. At the center of the system is DiSH Cash, a ledger-based, tokenized representation of commercial bank deposits. Instead of relying on stablecoins, the platform uses direct claims on real bank deposits, creating what LSEG describes as a “real cash leg” for transactions involving foreign…
U.S. Bitcoin exchange-traded funds (ETFs) continued to see strong inflows, totaling $1.7 billion over a three-day period, signaling renewed interest from institutional investors. On Wednesday alone, spot Bitcoin ETFs reported $843.6 million in net inflows, marking the highest single-day total since early October. This surpasses Tuesday’s record of $754 million. According to data from Coinglass; Among the top-performing ETFs, BlackRock’s IBIT attracted $648 million, while Fidelity’s FBTC gained $125.4 million. Ark & 21Shares’ ARKB added $27 million, with other funds from Grayscale, Bitwise, VanEck, Valkyrie, and Franklin Templeton also showing positive inflows. Overall, eight of twelve Bitcoin ETFs posted net…
XRP declined roughly 2.3% to trade near $2.12, as heavy mid-session volume failed to push the token through resistance around $2.17. The pullback came even as positive regulatory developments and steady institutional demand continue to shape XRP’s broader outlook. During the latest session, XRP attempted to extend higher but stalled near the $2.17 resistance zone, triggering renewed selling pressure. Elevated trading volume accompanied the move, yet price failed to sustain momentum, signaling short-term exhaustion rather than a bullish breakout. The inability to reclaim higher levels kept XRP locked within its recent range. Ripple recently received preliminary authorization for an e-money…
The NCAA has formally requested the U.S. Commodity Futures Trading Commission (CFTC) to suspend college sports prediction markets, warning that they mirror sports betting but lack essential safeguards. These markets, which have reached approximately $320 million in volume on platforms like Polymarket, operate under federal commodities law rather than state gaming regulations, allowing them to bypass age limits, advertising restrictions, and integrity standards. In its letter, the NCAA emphasized that these prediction markets could expose student athletes and consumers to significant risks, particularly when contracts are tied to individual players, such as those in the transfer portal. The organization warned…
Dogecoin declined nearly 4% to $0.1426, as traders sold into short-lived rallies, signaling weakening momentum. The pullback unfolded even as broader crypto markets remained relatively stable, underscoring Dogecoin’s recent underperformance. Over the 24-hour period ending January 15, DOGE fell from $0.1484 to $0.1426, producing a 5.8% intraday trading range. The move broke below the $0.1457 support zone that had supported recent consolidation, suggesting a loss of near-term technical strength. Attempts to push higher earlier in the session failed to attract follow-through buying. Trading volume surged to 48% above the seven-day average, a notable development given Dogecoin’s relative weakness. During the…
Former New York City mayor Eric Adams has rejected claims that he moved funds or personally benefited from the NYC Token, following controversy surrounding the project’s abrupt market decline. The token, which launched earlier this week, fell by more than 80% within its first hour, triggering accusations from parts of the crypto community. In a public statement, Adams’ spokesperson said no investor funds were removed and no profits were taken by the former mayor. Allegations suggesting a so-called rug pull were described as “unsupported by evidence”, with the price collapse attributed instead to market volatility and speculative trading behavior. Despite…