XRP Slides Below Key $2.30 Level Despite Anticipation Around New ETF XRP fell more than 7.3% in a volatile session, slipping below the $2.30 psychological support as broader crypto markets experienced renewed selling pressure. The decline came just days after the launch of a highly anticipated XRP-linked ETF, an event many traders expected would strengthen bullish momentum. Instead, the token met heavy distribution, erasing recent gains and reigniting concerns about short-term market structure. A Break of Critical Market Structure The 4-hour chart shows XRP losing its grip on a crucial mid-range level, with price tapping into a minor demand block…
Author: Blockto Team
Tech giant considers blockchain-based token for cross-border payments as Beijing tightens regulations on private stablecoins Alibaba’s cross-border e-commerce arm is reportedly developing a bank-backed deposit token to facilitate international transactions, following China’s stringent crackdown on stablecoins. The initiative could allow Alibaba to leverage blockchain technology while remaining fully compliant with local regulations. What Is a Deposit Token? Deposit tokens are blockchain-based instruments representing a direct claim on commercial bank deposits. Unlike traditional stablecoins issued by private entities and backed by assets, deposit tokens are treated as regulated liabilities of the issuing bank, combining blockchain efficiency with legal certainty. “Deposit tokens…
Fresh data reveals that Bitcoin’s core benefits appeal to Democrats, Republicans and Independents when framed around their values rather than investment gains. Bitcoin Gains Ground in US Political Landscape A new analysis suggests that Bitcoin may be one of the few topics capable of appealing to US voters across the political spectrum. Research published by the BTC Policy Institute, using data from a June 2025 Cygnal survey, shows that support for Bitcoin rises sharply when voters understand how it aligns with their personal and political values. This finding arrives at a time when digital assets are playing a larger role…
BTC and ETH Enter Critical Technical Zones as Market Pressure Mounts Bitcoin and Ethereum entered deep corrective territory this week, with BTC slipping to 94,000 USD and ETH testing the 3,000 USD level, sending a wave of caution through the market. Fresh chart data shows both assets approaching zones that traders consider historically reactive, raising questions about whether the pullback is a temporary shakeout or the start of a broader trend shift. Bitcoin Tests Major Demand Zone Bitcoin’s decline pushed price directly into a high-volume demand region highlighted on the charts. The asset has been trading inside a descending channel…
Crypto fund attracts $250 million on first day, sparking bullish rotation among top traders Canary Capital’s newly launched XRP exchange-traded fund (ETF) posted the strongest debut of any ETF in 2025, signaling renewed investor interest in altcoins. The fund garnered over $250 million in inflows on its first trading day, while trading volume reached $58 million, setting a new benchmark for crypto and traditional ETFs alike. In-Kind Creation Model Boosts ETF Performance Analysts attribute the ETF’s success to its in-kind creation and redemption structure, which allows ETF shares to be exchanged for XRP tokens instead of cash. This mechanism enables…
DeFi platform introduces regulated fiat-to-crypto pathways, enabling euro conversions to GHO and other stablecoins Aave Labs has become one of the first major decentralized finance (DeFi) projects to secure authorization under Europe’s Markets in Crypto-Assets (MiCA) regulation, allowing the company to offer regulated stablecoin ramps across the European Economic Area (EEA). This move marks a significant step toward mainstream adoption of DeFi services in Europe. MiCA Approval Empowers Push Fiat-to-Crypto Service The approval, granted by the Central Bank of Ireland, enables Aave’s fiat-to-crypto service, Push, to facilitate seamless conversions between euros and crypto assets, including the protocol’s native stablecoin, GHO.…
Transnational crypto fraud combines human trafficking and money laundering, prompting urgent government action The multibillion-dollar pig-butchering scam, once considered a consumer-fraud issue, has grown into a national security concern, according to Chainalysis. Experts warn that these scams, which exploit trust to funnel victims into fake cryptocurrency investments, are evolving into complex, transnational criminal operations. How Pig-Butchering Works Pig-butchering is a long-term fraud strategy in which criminals build relationships—often romantic or friendly—with victims before persuading them to invest in fake cryptocurrency platforms. Once victims commit funds, the scammers drain their accounts, sometimes followed by additional attempts through fake recovery services. “Once…
ADA Extends Weekly Losses, Slides Back Into High-Timeframe Demand Block Cardano slipped another 8% in today’s session, deepening its multi-week decline and pressing directly into a long-established support region. The move highlights persistent risk aversion across the broader altcoin market, with ADA now trading near levels that previously generated major reversals. Despite moments of intraday relief, sentiment remains cautious as technical signals point to ongoing distribution. Price Structure Weakens as ADA Re-Approaches Demand Zone On the daily chart, ADA has returned to a crucial $0.48–$0.54 demand block, a zone that provided strong buy-side responses earlier this year. The repeated tests…
Co-CEO Arjun Sethi says the exchange is financially strong and not pressured to join the wave of crypto firms going public. Kraken Holds Back as IPO Wave Grows As several crypto companies pursue stock market listings in the United States, Kraken is taking a different approach. Despite a more supportive regulatory environment and a surge in public offerings across the sector, the crypto exchange says it is not in a hurry to go public. Speculation of a Kraken IPO has circulated since 2024, but leadership insists the company is stable and well-capitalized as a private entity. Kraken Stays Cautious on…
Security researchers warn that a top-ranked Chrome Web Store wallet uses stealthy blockchain transactions to exfiltrate user secrets. High-Ranking Chrome Extension Exposed as Crypto Theft Tool A dangerous browser extension posing as a secure Ethereum wallet has been discovered on the Chrome Web Store, raising urgent concerns for crypto users. The extension, named “Safery: Ethereum Wallet,” appears as a legitimate tool for managing digital assets—but a new report from blockchain security platform Socket reveals that it is designed to steal seed phrases through an advanced hidden mechanism. Top Search Result, Hidden Threat Alarmingly, the extension currently appears as the fourth…