Rising demand for liquidity and yield drives stablecoin activity to new highs, with USDC leading the surge and traders positioning for the next market cycle. The monthly transaction volume of stablecoins on the Ethereum network reached a historic milestone in October 2025, surging to $2.82 trillion, according to new on-chain data. This marks a 45% increase from September’s $1.94 trillion, signaling that traders are increasingly using stablecoins as tools for liquidity management and yield generation amid a cooling crypto market. USDC Leads the Stablecoin Rally Among all stablecoins, Circle’s USDC dominated with $1.62 trillion in monthly volume, while Tether’s USDT…
Author: Blockto Team
Technical Breakdown Signals ‘Death Cross’ Formation Amid Rising Selling Pressure Dogecoin (DOGE) extended its losses on Friday, sliding 7.12% to $0.173 as broader market sentiment weakened and long-term holders began offloading positions. The decline came amid a deteriorating technical structure, with the meme-based cryptocurrency now testing a major support zone near $0.17, a level that previously acted as a springboard for rebounds in May and July. The DOGE/USDT chart indicates a notable shift in momentum following several failed attempts to reclaim resistance near $0.23–$0.25. Price action has recently crossed below the 50-day moving average, aligning with the 200-day average—a formation…
The Hong Kong Monetary Authority unveils an ambitious roadmap to expand real-world asset tokenization, integrate stablecoins, and advance blockchain-based financial innovation. In a bold step toward digital finance transformation, the Hong Kong Monetary Authority (HKMA) has positioned tokenization as a central pillar of its new Fintech 2030 strategy. Announced during Hong Kong Fintech Week, the plan sets out a vision to strengthen the city’s status as a global fintech leader by embracing blockchain innovation, digital assets, and artificial intelligence (AI). The HKMA said its five-year roadmap will focus on four strategic pillars — Data, Artificial Intelligence, Resilience, and Tokenization (DART)…
Decentralized exchanges reach new highs as traders seek liquidity, transparency, and yield opportunities amid sharp crypto market corrections. Decentralized exchange (DEX) trading volume soared to an all-time high of $613.3 billion in October, marking a surge from nearly $500 billion in September, according to data from DefiLlama. The increase comes as crypto traders repositioned their funds amid heightened volatility following a market-wide downturn led by Bitcoin’s drop to $104,600 on October 17. This record activity highlights a growing shift toward decentralized finance, as investors seek self-custody, transparency, and on-chain yield incentives. Uniswap and PancakeSwap Lead the Surge Uniswap maintained its…
French lawmakers have voted to classify large crypto holdings as “unproductive wealth,” potentially imposing a 1% tax on digital assets exceeding €2 million. In a significant policy shift, France’s National Assembly has approved an amendment redefining how wealth is taxed — with cryptocurrencies now included under “unproductive assets.” The proposal, introduced by centrist MP Jean-Paul Matteï, aims to reshape the country’s taxation framework and could have lasting implications for high-value crypto investors. The amendment passed narrowly with a 163–150 vote, supported by both socialist and far-right lawmakers, and forms part of the 2026 national budget discussions. It must still pass…
On-chain data suggests the DeFi protocol lost millions in osETH, WETH, and wstETH, marking Balancer’s third major security breach since 2021. Balancer, one of the leading decentralized finance (DeFi) protocols, has reportedly suffered a major security exploit resulting in approximately $70.9 million worth of digital assets being drained from its ecosystem. Blockchain data reveals that the stolen funds — including 6,850 osETH, 6,590 WETH, and 4,260 wstETH — were moved to a new wallet, sparking fresh concerns about asset laundering through mixers and cross-chain bridges. This incident affects Balancer V2, the protocol’s current version, and adds to a growing list…
Ethereum Faces Pressure After 5% Decline; Analysts Eye $3,600 as Crucial Zone Ethereum (ETH) slipped below the $3,700 mark, falling by 5.34% in the past 24 hours as selling pressure intensified across the broader crypto market. The decline tested the lower boundary of the ongoing ascending trendline, which has guided Ethereum’s uptrend since early April. The ETH/USD pair touched intraday lows of $3,686 before stabilizing slightly above the support trendline. The move signals a short-term loss of momentum after weeks of sideways trading between $3,700 and $4,100. According to chart data, Ethereum now sits at a make-or-break level, where a…
The former president defends pardoning Binance founder Changpeng Zhao, claiming he was “treated badly” by the Biden administration. In a recent CBS News interview, President Donald Trump stated that he “doesn’t know” Changpeng “CZ” Zhao, the co-founder of Binance, despite personally granting him a presidential pardon last month. Trump justified the decision as a move to keep the United States competitive in cryptocurrency, dismissing concerns over possible conflicts of interest. Trump’s comments come nearly a year after CZ pleaded guilty to violating the Bank Secrecy Act and served a four-month prison sentence. The pardon, issued in October 2025, reignited debate…
The European Union is preparing a proposal to expand the powers of the European Securities and Markets Authority (ESMA), aiming to unify financial supervision and strengthen its capital markets. The European Union is reportedly drafting a plan to bring stock and cryptocurrency exchanges under centralized supervision, marking a potential shift toward a more integrated capital market framework. The move seeks to streamline regulation, reduce cross-border trading costs, and bolster the region’s startup ecosystem, making the EU more competitive against the United States. A Push Toward Centralized Financial Oversight According to sources familiar with the matter, the proposal — expected to…
The Binance founder clarifies he never proposed creating a crypto bank, despite Kyrgyzstan’s president citing his involvement in Bereket Bank. Former Binance CEO Changpeng “CZ” Zhao has publicly denied claims that he initiated a proposal to create a crypto-friendly private bank in Kyrgyzstan. The statement came after Kyrgyz President Sadyr Japarov alleged that CZ suggested establishing a private financial institution during his visit in May. President Japarov, in an interview with local outlet Kabar, claimed that Zhao proposed setting up a private bank integrating cryptocurrency operations, which led to the creation of Bereket Bank. According to Japarov, he initially preferred…