The blockchain industry is entering a new phase of maturity as real, user-driven activity begins to outpace speculation, according to fresh data from venture capital firm 1kx. Blockchain Fees Hit $19.8 Billion in 2025 The 1kx Onchain Revenue Report projects that total user-paid blockchain fees will reach $19.8 billion by the end of 2025, nearly doubling from $9.7 billion in the first half of the year. These revenues include transaction, trading, gaming, and subscription fees across decentralized finance (DeFi), consumer apps, and tokenized asset platforms. While 2025 may fall short of the record $24.1 billion in 2021, it still represents…
Author: Blockto Team
NEAR Price Stabilizes After Volatile Week, Analysts Warn of Further Consolidation NEAR Protocol (NEAR) is holding just above the $2.00 level, showing signs of stabilization after a volatile week that mirrored broader crypto market uncertainty triggered by the Federal Reserve’s recent policy stance. Despite attempts to push higher, the token remains under pressure, hovering around $2.09, down nearly 0.2% over the last 24 hours, with daily trading volume at 4.09 million. On the daily chart, NEAR continues to trade within a broad horizontal range that has persisted since mid-year, with support between $1.85 and $2.00 and resistance near $2.80 to…
Chinese mining hardware giant Canaan is set to deploy 4.5 megawatts of its cutting-edge Bitcoin ASIC miners in Japan, marking a major step toward integrating crypto mining into national grid stability systems. Canaan’s Role in Japan’s Energy Optimization Project According to a Thursday announcement, Canaan has signed a deal with a Japanese electrical engineering firm to supply 4.5 MW of Avalon A1566HA-488T water-cooled Bitcoin mining rigs.The deployment aims to use Bitcoin mining as a real-time grid balancing mechanism, dynamically adjusting energy consumption in response to power supply fluctuations. The project will leverage Canaan’s proprietary control technology, which automatically tunes frequency,…
The breakdown below $2.50 sparks a 158% surge in trading volume, signaling renewed bearish sentiment despite prior bullish momentum. XRP has fallen 5% in the past 24 hours, dropping to $2.47 after losing the critical $2.50 support level. The move was accompanied by a 158% spike in trading volume, suggesting heightened volatility as traders reacted sharply to the latest technical breakdown. The price action shows XRP retreating from recent highs near $2.80, where selling pressure intensified. The $2.50 level, previously acting as a strong demand zone, has now flipped into resistance—indicating that short-term momentum has shifted in favor of sellers.…
Analysts Warn of 30% Pullback Toward $260 Support Amid Market Uncertainty Zcash (ZEC) is showing signs of cooling off after a strong rally that lifted prices above $385, as traders begin to assess the sustainability of recent gains. The move, which followed a breakout above the $300 resistance zone, now faces a crucial test, with a rising wedge pattern on the 4-hour chart signaling the risk of a 30% downside toward the $260–$270 support area in November. Currently, ZEC trades around $365, down about 5% in the past 24 hours, with trading volume near 157,000 tokens, reflecting a mild decline…
Coinbase has fired back at U.S. Senator Chris Murphy’s claims that the crypto exchange benefited from political favoritism under President Donald Trump, calling the accusations baseless and politically motivated. Senator Alleges “Trump’s Corruption Factory” In a post on X (formerly Twitter), Sen. Chris Murphy (D-Conn.) accused Coinbase of being part of what he described as “Trump’s corruption factory.” Murphy alleged that Coinbase’s $46 million in election donations, its contributions to Trump’s inauguration, and a recent donation to build a new White House ballroom were all connected to political favoritism — including the SEC’s decision to drop its lawsuit against the…
A data scientist with the Australian Federal Police has been hailed as a “crypto safe cracker” after successfully decoding a complex numerical sequence that led investigators to a hidden digital fortune worth $5.9 million. AFP Uncovers Encrypted Crypto Cache The Australian Federal Police (AFP) revealed it had cracked a coded cryptocurrency wallet backup containing 9 million Australian dollars ($5.9 million USD), during an investigation into an alleged organized crime figure.The individual, described as a “well-connected alleged criminal,” reportedly accumulated his digital wealth through the sale of a “tech-type product” to other criminals. AFP Commissioner Krissy Barrett praised the breakthrough, calling…
Western Union appears to be deepening its move into digital assets, filing a trademark for “WUUSD” that points toward upcoming crypto products and services, including wallets, trading, and lending. Trademark Suggests Broad Crypto Ambitions According to a new filing with the U.S. Patent and Trademark Office (USPTO), Western Union Holdings, Inc. has submitted an application to trademark “WUUSD”, covering a wide range of crypto-related financial services. The application, accepted by the USPTO and awaiting assignment to an examiner, outlines potential uses for WUUSD in crypto wallets, stablecoin trading, payment processing, and crypto lending — signaling a possible expansion far beyond…
Scandinavia’s largest bank, Nordea, is officially embracing Bitcoin exposure for its clients, just seven years after banning employees from owning the cryptocurrency. Nordea to Offer Bitcoin ETP via CoinShares Nordea announced that its customers will soon be able to access a Bitcoin-linked exchange-traded product (ETP) starting in December 2025.The ETP, developed by CoinShares, will be backed by physical Bitcoin (BTC), allowing investors to gain regulated exposure to the asset without directly holding it. However, Nordea clarified that the product will be offered on an “execution-only” basis, meaning the bank will not provide investment advice regarding Bitcoin or any related digital…
In a newly disclosed document, former FTX CEO Sam Bankman-Fried insists that his fallen crypto empire was not insolvent and that customer funds could have been repaid in full — if not for the intervention of the bankruptcy team. SBF Argues FTX Faced a Liquidity Crunch, Not Insolvency Sam Bankman-Fried, currently serving a 25-year prison sentence for fraud and conspiracy, has again challenged the official narrative of FTX’s collapse. In a 15-page document dated September 30, the disgraced founder asserted that FTX and Alameda Research held $25 billion in assets and $16 billion in equity value when the liquidity crisis…