Thanks to scalability upgrades like Dencun and Pectra, Ethereum’s gas fees remain near a penny despite record network activity. Ethereum Network Activity Surges Ethereum is witnessing one of its busiest periods in months, with daily transactions surpassing 1.6 million — the highest level since early October’s market turbulence. Yet, in stark contrast to previous bull cycles, transaction fees remain near all-time lows, underscoring the network’s growing scalability and efficiency. According to blockchain analytics platform Milkroad, the average Ethereum gas fee currently hovers around 0.16 gwei, equivalent to roughly $0.01 per transaction. Token swaps cost about $0.15, while NFT sales average…
Author: Blockto Team
Elon Musk’s aerospace firm has now moved over $470 million worth of BTC this month, signaling a major upgrade of its crypto storage infrastructure. Elon Musk’s SpaceX has transferred another 281 BTC, worth roughly $31.3 million, to a new wallet on October 29, according to blockchain analytics firm Arkham. The move marks SpaceX’s fifth major Bitcoin transfer this month, pushing total October movements to 4,337 BTC — nearly $472 million at current prices. Analysts suggest the transfers are part of a custody reorganization, as the company consolidates its Bitcoin holdings and transitions from older address formats to modern SegWit and…
DRW Holdings and Liberty City Ventures reportedly aim to establish a $500 million Canton Coin treasury, signaling deep institutional commitment to the Canton Network’s expanding blockchain ecosystem. $500 Million Canton Coin Treasury in the Works Trading firm DRW Holdings and venture capital firm Liberty City Ventures are reportedly preparing to raise around $500 million for a publicly listed digital asset treasury tied to the Canton Network’s native token, Canton Coin (CC). According to a Bloomberg report citing unnamed sources, both firms plan to contribute the majority of the capital using Canton Coin, while external investors are expected to add between…
Once hailed as the next big blockchain for stablecoins, Plasma’s XPL faces investor backlash and a sharp decline in network activity. The cryptocurrency market witnessed a major correction this week as Plasma’s XPL token continued its steep descent, losing over 80% of its value since September. Once trading above $1.67, the token now hovers near $0.31, reflecting fading investor confidence and concerns about the project’s real-world use cases. Despite claims of 1,000 transactions per second (TPS), recent data shows the Plasma blockchain processing only 14.9 TPS, a figure that has raised doubts about its scalability and adoption. The network’s core…
Ripple’s Token Faces Rejection at Resistance as Traders Watch Key $2.50 Support XRP (Ripple) slipped on Thursday, easing from $2.63 to $2.59 after an attempted breakout above the $2.67 resistance zone failed to hold. The move came amid a sharp increase in trading activity, with nearly 392.6 million XRP tokens exchanging hands — about 658% above its recent daily average, signaling heavy profit-taking pressure at higher levels. The rejection capped what appeared to be a short-lived bullish attempt that followed a week of accumulation near the $2.45–$2.55 demand zone. Despite the brief rally, sellers quickly regained control, pushing the price…
Exchange denies Senator Murphy’s claim that the USD1 listing was “payback” for Trump’s recent pardon of Binance founder Changpeng Zhao. Binance.US Pushes Back Against Political Allegations Binance.US has firmly denied allegations that its decision to list the Trump-affiliated USD1 stablecoin was politically motivated, following criticism from Senator Chris Murphy (D-CT). Murphy alleged that the listing was a “form of payback” after President Donald Trump pardoned Binance founder Changpeng Zhao (CZ) last week. The senator accused Trump of showing favoritism toward crypto figures involved in criminal activity, citing Binance’s past legal troubles. In a post on X, Murphy wrote: Binance.US Calls…
KRWQ aims to bring a fully compliant, multichain Korean won stablecoin to global DeFi markets as South Korea prepares new legislation for digital currency regulation. Frax and IQ Introduce Korean Won-Pegged Stablecoin KRWQ Crypto protocol Frax and AI agent platform IQ have launched KRWQ, a stablecoin pegged to the Korean won, marking a major step in South Korea’s evolving stablecoin landscape. The new token went live on Base, the blockchain ecosystem backed by Coinbase, and debuted with a KRWQ/USDC trading pair on Aerodrome Exchange. According to project details, KRWQ is fully backed and designed to comply with South Korea’s upcoming…
Bank Indonesia unveils plans for digital securities backed by sovereign bonds — its version of a national stablecoin built on the digital rupiah. Bank Indonesia Unveils ‘National Stablecoin Version’ Bank Indonesia (BI) is advancing its digital currency initiative by developing what it calls the nation’s “stablecoin version” — a tokenized asset backed by government bonds (SBN) and anchored to the digital rupiah, the country’s central bank digital currency (CBDC). Governor Perry Warjiyo announced the plan during the Indonesia Digital Finance and Economy Festival and Fintech Summit 2025 in Jakarta, according to a report by CNBC Indonesia. “We will issue Bank…
LINK Rebounds from $17 Zone After Fed’s Hawkish Stance Triggers Short-Term Selloff Chainlink (LINK) experienced sharp price swings on Wednesday, initially falling to around $17.47 before rebounding nearly 4% to close near $18.27, as traders reacted to heightened volatility following the Federal Reserve’s latest policy statement. The movement reflected broader crypto market turbulence after Fed Chair Jerome Powell suggested that a December rate cut was “not a foregone conclusion,” tempering investor risk appetite. On the daily chart, LINK tested its $17–$17.50 support zone, a key area marked by prior accumulation in August, before bouncing back with strong buy-side volume. The…
Spot Bitcoin ETFs recorded their largest daily outflows in two weeks, as the Federal Reserve’s rate cut and renewed U.S.–China trade discussions triggered market volatility. Bitcoin ETFs Face Heavy Withdrawals Amid Market Uncertainty U.S.-listed spot Bitcoin ETFs saw $470 million in outflows on Wednesday, marking their largest single-day withdrawal in two weeks, according to data from Farside Investors. The pullback came as Bitcoin briefly dropped to $108,000 before recovering later in the day. Fidelity’s FBTC led the outflows with $164 million, followed by ARK Invest’s ARKB, which recorded $143 million, and BlackRock’s IBIT with $88 million. Grayscale’s GBTC saw $65…