Despite strong ETF launches from major asset managers, Solanaâs price remains stuck under the $200 mark as traders question whether this is a âsell-the-newsâ event or just the calm before the next rally. Solana ETF Launch Fails to Ignite Expected Rally Solana (SOL) ETFs have officially launched in the U.S., marking a significant milestone for the blockchain network. Yet, despite this historic step, SOL continues to trade around $195, well below the ambitious $300â$1,000 targets that many investors had predicted ahead of the approval. Earlier this week, two Solana spot ETFs debuted â the Bitwise Solana Staking ETF (BSOL) and…
Author: Blockto Team
Tariff cuts and optimism over U.S.âChina negotiations boost investor sentiment despite lingering macro uncertainty Bitcoin rebounded to over $111,300 on Thursday after U.S. President Donald Trump signaled that a trade agreement with China could be reached âpretty soon.â The statement came following a bilateral meeting with Chinese President Xi Jinping in Busan, South Korea, reigniting hopes of easing global trade tensions. The worldâs largest cryptocurrency climbed from an intra-day low of around $108,500 to its new session high, even as broader markets remained volatile. Despite the rebound, Bitcoin remains down roughly 2% over the past 24 hours, reflecting investorsâ mixed…
Active wallets hit 11.1 million as global users turn to Tron for low-cost stablecoin transfers Blockchain data shows activity on the Tron network has reached historic highs, driven by retail stablecoin transactions and expanding use across emerging markets. According to analytics platform Nansen, Tronâs daily active addresses surged 69% week-on-week, climbing to 11.1 million â the highest figure among major blockchains. On Tuesday, the network recorded 12.6 million transactions, the most in nearly two years, surpassing its previous daily peak from June 2023. âNo headlines. No hype. Just raw throughput. Thatâs top-tier activity with zero fanfare,â said Nansen analysts in…
Cautious comments from the Federal Reserve trigger a sharp âsell-the-newsâ reaction across digital asset markets The crypto market faced intense turbulence this week as Bitcoin briefly dipped to nearly $108,000 before rebounding above $110,000, marking one of the most volatile sessions in months. The sudden swings coincided with the Federal Reserveâs 25-basis-point rate cut, followed by cautious guidance from Chair Jerome Powell that tempered investor optimism. Blockchain derivatives data showed that over $817 million in leveraged positions were liquidated within 24 hours, signaling widespread market stress.More than 165,000 traders were forced to close positions, with the largest single liquidation exceeding…
New platform aims to streamline enterprise onboarding and highlight real-world blockchain adoption The Ethereum Foundation has unveiled a new platform â âinstitutions.ethereum.orgâ â built to help traditional financial firms and enterprises transition into the Ethereum ecosystem. The initiative underscores Ethereumâs growing push to position itself as the backbone of the global digital economy. In a statement shared on X, the foundation said the new website is designed for âbuilders, leaders, and institutions advancing this global movement.â Developed by Ethereumâs Enterprise Acceleration Team, the platform provides clear pathways for institutions seeking to explore tokenization, decentralized finance (DeFi), and stablecoin infrastructure. Showcasing…
The potential deal signals Mastercardâs growing ambitions in stablecoin and tokenization infrastructure Mastercard is reportedly in advanced discussions to acquire ZeroHash, a leading crypto and stablecoin infrastructure startup, in a deal valued between $1.5 billion and $2 billion, according to people familiar with the matter. The talks, first reported on Wednesday, represent one of Mastercardâs largest potential moves in the digital asset space, following a series of acquisitions and partnerships aimed at strengthening its blockchain and tokenization capabilities. If finalized, the acquisition would mark a major step toward expanding Mastercardâs stablecoin and tokenized payment services, amid increasing competition from global…
Crypto Market Pulls Back as Powell Warns That December Rate Cut Isnât Guaranteed Bitcoin (BTC) fell sharply on Wednesday, sliding to around $108,000, after Federal Reserve Chair Jerome Powell signaled that the U.S. central bank may delay its anticipated December rate cut, sparking renewed caution across risk assets. The decline came amid Powellâs warning that the Fed is ânot yet confidentâ inflation is under control, even as he acknowledged signs of softening in the labor market. The leading cryptocurrency dropped nearly 2.6% within 24 hours, extending a week-long pullback from the $116,000 level. Market participants viewed Powellâs statement as a…
Integration gives 3.4 million BNB Chain users access to over 100 tokenized U.S. equities and funds Ondo Global Markets, a leading real-world asset (RWA) tokenization platform, has officially expanded its suite of tokenized financial products to the BNB Chain, bringing over 100 U.S. stocks and exchange-traded funds (ETFs) to one of the worldâs busiest blockchain ecosystems. According to a statement released Wednesday, the move enables BNB Chainâs 3.4 million daily users to trade tokenized versions of major Wall Street assets through supported platforms such as PancakeSwap, the chainâs largest decentralized exchange. Democratizing Access to U.S. Markets Ondoâs mission is to…
Government opposes Coin Centerâs intervention as Ethereum exploit case enters its 11th day US prosecutors have rejected attempts to introduce broader crypto policy arguments in the high-profile trial of brothers Anton and James Peraire-Bueno, who stand accused of conducting a $25 million exploit on the Ethereum blockchain using maximal extractable value (MEV) bots. In a Tuesday filing to the US District Court for the Southern District of New York, prosecutors opposed an amicus curiae brief from Coin Center, a digital asset advocacy organization, arguing that such intervention would inappropriately inject crypto policy debates into a criminal trial. Defense Pushes for…
Growing investor demand for altcoin ETFs signals expanding institutional interest beyond Bitcoin and Ethereum 21Shares, one of the worldâs largest crypto asset managers, has filed to launch a new exchange-traded fund (ETF) tracking the Hyperliquid (HYPE) token, signaling rising institutional appetite for decentralized finance and next-generation blockchain assets. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday, the proposed 21Shares Hyperliquid ETF will track the price of the HYPE token â the native asset of the Hyperliquid blockchain, which powers its decentralized perpetual futures exchange. Coinbase Custody and BitGo Trust have been named as…
