A Major Shift in Global Banking Infrastructure SWIFT, the global interbank messaging network that processes about $150 trillion in annual transactions, is officially moving into blockchain payments. Consensys founder Joe Lubin confirmed that SWIFT’s new real-time crypto settlement system will be built on Linea, an Ethereum Layer 2 network leveraging zk-rollup technology. Why Linea Was Chosen During the Token2049 conference in Singapore, Lubin revealed that SWIFT had already partnered with Consensys and over 30 traditional finance institutions to test the new system. Although the initial announcement avoided naming the blockchain, Linea’s selection was later confirmed. Lubin explained the decision: “It’s…
Author: Blockto Team
Company’s Bitcoin holdings surpass major banks’ market caps and rival national GDPs Bitcoin’s rally back to $120,000 has propelled digital asset treasury firm Strategy to a new milestone, with its Bitcoin holdings now worth $77.4 billion. The valuation not only surpasses the market capitalization of several leading global banks but also rivals the gross domestic product (GDP) of entire nations. Michael Saylor, the firm’s founder, highlighted the growth in Strategy’s reserves, recalling the early days of its Bitcoin bet. In the past seven weeks alone, Strategy added 11,085 BTC, with its most recent purchase of 196 BTC recorded earlier this…
Blockchain rails may transform global finance within five years The co-founder of Tether, Reeve Collins, believes that all forms of money, including dollars, euros, and yen, will exist as stablecoins by 2030, marking a complete shift toward blockchain-based finance. Speaking during Token2049 in Singapore, Collins argued that the evolution of stablecoins has made their integration into traditional systems inevitable. Stablecoins as the future of money Collins explained that a stablecoin is essentially a fiat currency issued on blockchain rails, providing faster and more efficient transfers. “All currency will be a stablecoin. It’ll just be called dollars, euros, or yen, but…
Ethereum technical outlook shows key resistance and demand zones Ethereum’s recent rally saw the second-largest cryptocurrency briefly trade above $4,500 before losing momentum and pulling back. The move came after weeks of steady accumulation, but the charts now show Ethereum entering a critical retracement phase that could determine whether the asset continues toward new highs or slips back into deeper consolidation. ETH/USD touched the $4,500–$4,600 resistance zone, an area marked by prior supply and profit-taking. The rejection aligns with a broader pattern where Ethereum has struggled to sustain moves near major round numbers. Technical analysts suggest that the current retracement…
Momentum drives BNB to fresh record levels as bullish trend extends Binance Coin (BNB) has surged to a new all-time high (ATH), breaking above $1,090 as bullish momentum pushes the token into uncharted territory. The move highlights growing investor confidence and marks another milestone in BNB’s remarkable 2025 rally. At the time of writing, BNB is trading near $1,094, up more than 76% since the start of the quarter. The rally accelerated after the token held firm above the $880 and $920 support zones, which acted as a launchpad for the recent breakout. “This breakout to new highs confirms the…
A New Legislative Push Against Energy-Intensive Mining New York is once again tightening the screws on cryptocurrency mining. On Wednesday, State Senator Liz Krueger introduced a bill proposing a tiered excise tax on energy consumption by crypto miners. The proposal directly targets mining facilities that consume large amounts of electricity, one of the industry’s most critical cost drivers. Details of the Proposed Mining Energy Tax Under the bill, energy use by mining firms will be taxed in tiers, charged per kilowatt-hour (kWh) consumed: Importantly, the bill exempts miners using 100% renewable energy, continuing New York’s stance of encouraging clean energy…
A New Era of Stablecoin Yield on Cronos Crypto.com has announced the integration of Morpho lending into its Cronos blockchain, enabling users to lend wrapped Bitcoin (BTC) and Ethereum (ETH) to earn stablecoin yields. The move mirrors Coinbase’s DeFi lending expansion and signals a growing trend among exchanges to merge traditional crypto platforms with onchain finance. The first Morpho vaults on Cronos are expected to launch before the end of the year. Users will be able to deposit wrapped assets such as CDCBTC and CDCETH, then borrow stablecoins against them to generate yield—all without leaving the Crypto.com ecosystem. Why Wrapped…
Cruz Raises Concerns Over Law Enforcement Access US Senator Ted Cruz (R-TX) has blocked a bipartisan privacy bill designed to prevent Americans’ personal information from being sold by data brokers, citing concerns that it could restrict law enforcement from tracking down criminals. The proposal, introduced by Senator Ron Wyden (D-OR), would prohibit data brokers from selling sensitive information — such as names, home addresses, and phone numbers — which has increasingly been used in stalking, harassment, and violent crimes. Cruz, however, argued that restricting access to data could make it harder for law enforcement to monitor convicted sex offenders and…
BTC pushes past key resistance with momentum building toward higher levels Bitcoin (BTC) has surged past the $112,000 resistance level, marking a significant shift in market structure after weeks of sideways consolidation. The move comes as buying pressure intensified from the lower demand zone, lifting the world’s largest cryptocurrency toward fresh highs. At press time, Bitcoin is trading near $120,170, showing resilience after clearing the critical barrier that previously capped upside attempts. Analysts note that the breakout above $112K is more than just a psychological milestone—it represents a structural change in the ongoing trend. “The breach of $112,000 confirms a…
BNB price rallies as it approaches the $1,080 milestone Binance Coin (BNB) is once again making headlines as the token surged above $1,060, placing it within striking distance of its previous all-time high (ATH) at $1,080. The strong upward momentum has positioned BNB as one of the most resilient large-cap cryptocurrencies in the current market cycle. The daily chart shows BNB has been in a strong uptrend since June, supported by a steep ascending trendline. Multiple demand zones between $850 and $950 have acted as firm support, with bulls consistently stepping in to defend pullbacks. Now, with price breaking into…