The “Crypto Mom” commissioner signals future plans while emphasizing regulatory clarity SEC Commissioner Hester Peirce, widely known as “Crypto Mom,” mixed humor with policy insight during a recent speech, joking about launching an NFT collection after her time in government while stressing the need for clear digital asset regulation. A playful take on life after the SEC Speaking at a Washington crypto policy event, Peirce addressed speculation about her future, noting that her official term had already expired in June but she could remain in office until a successor is confirmed. “A lot of people have asked me what is…
Author: Blockto Team
Fragmented rules leave emerging economies vulnerable as adoption surges globally A new Moody’s Ratings report has cautioned that the rapid rise of stablecoins could weaken central banks’ control over monetary policy and erode trust in traditional banking systems. The warning highlights the growing risk of “cryptoization” in emerging markets where stablecoins are increasingly being used for payments, remittances, and as a hedge against inflation. Risks to banks and monetary policy Moody’s explained that stablecoins — digital tokens pegged to fiat currencies such as the US dollar — may “undermine exchange rate stability and interest rate control” in economies with weak…
Trump family’s crypto-linked stablecoin project sparks debate on financial stability and conflict of interest Eric Trump, son of US President Donald Trump, argued that stablecoins could strengthen the role of the US dollar in global markets. His remarks come as the Trump-backed project, World Liberty Financial (WLFI), faces scrutiny in Washington. Stablecoins as a lifeline for the dollar In a recent interview, Eric Trump said he believes stablecoins will “save the US dollar,” pointing to USD1, a stablecoin tied to his family’s crypto venture. He suggested that tokenized dollars could help preserve the greenback’s strength at a time of shifting…
Meme coin faces strong selling pressure near $0.000019 amid technical weakness BONK (BONK/USDT) slid nearly 8% in the last trading session, falling to around $0.000019, as the popular meme coin struggled to hold above a key support zone. The decline highlights mounting bearish sentiment after weeks of corrective movement, with traders closely watching whether buyers will defend this critical price level. On the daily chart, BONK has broken down from the mid-range resistance at $0.000024–$0.000027, which previously acted as a supply zone. The coin is now testing the green demand area near $0.000019–$0.000020, a region that played a major role…
Project explores programmable money, faster payments and fraud prevention until mid-2026 UK Finance, the trade association representing more than 300 financial services firms in the United Kingdom, has launched a tokenized sterling deposits (GBTD) pilot in partnership with six major banks. The initiative, announced on Friday, aims to test digital representations of commercial bank money and evaluate how tokenization could improve payments and settlement processes. Banks and Technology Providers InvolvedThe pilot involves Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander. The program will run until mid-2026 and focus on benefits for customers, businesses, and the broader UK economy. To…
Regulator pledges balance between enforcement and innovation in digital assets The U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has signaled that the agency will continue to enforce existing financial laws while also creating clearer rules for the crypto sector. Speaking at Georgetown University this week, Atkins responded to concerns over potential conflicts of interest in cryptocurrency markets linked to political figures. Conflicts of interest under scrutiny A student asked Atkins about recent reports involving World Liberty Financial (WLF), a crypto firm backed by members of the Trump family. The company came into focus after revelations that a UAE-based…
Perpetual DEX volumes soar to record $100 billion despite liquidation scare Decentralized derivatives exchange Aster has fully reimbursed users affected by a glitch in its Plasma (XPL) perpetual market, after a sudden price spike triggered liquidations and abnormal fees. The incident, which briefly sent XPL futures above $4, occurred while the broader market price hovered near $1.30. According to Web3 agency executive Abhishek Pawa, the error stemmed from a misconfigured index hard-coded at $1, which caused XPL perpetual contracts to trade at inflated values once a price cap was lifted. Despite the disruption, Aster’s perpetual DEX has seen explosive growth…
Experts warn that infiltrators posing as developers could exploit firms without stronger safeguards Cybersecurity specialists are warning that North Korean operatives are increasingly targeting cryptocurrency companies by posing as developers, creating a major risk of internal exploits. To combat this, experts recommend dual wallet management, AI-powered monitoring, and stricter employee vetting practices. The issue gained attention after the Coinbase data breach in May, which exposed the wallet balances and physical locations of around 1% of users, with potential damages reaching $400 million. Investigators say such incidents highlight how hiring unverified developers can open the door to state-sponsored cybercrime. Binance co-founder…
Ripple’s token under pressure with downside risk building near $2.75 XRP (XRP/USDT) fell sharply in the last 24 hours, sliding nearly 6% to trade around $2.75 as sellers increased pressure near crucial support levels. The decline comes after weeks of range-bound action, raising concerns about a possible bearish breakdown if buyers fail to step in. On the 4-hour chart, XRP shows a clear rejection from the $3.00–$3.20 resistance zone, where sellers have repeatedly capped upward momentum. The latest slide has now pushed the token back toward the $2.70–$2.75 support area, which previously acted as a springboard for short-term rebounds. According…
The Canadian government has imposed a C$19.5 million ($14.1 million) fine on global crypto exchange KuCoin, citing violations of the country’s anti-money laundering (AML) and terrorist financing laws. KuCoin, however, is pushing back, filing an appeal in the Federal Court of Canada and calling the penalty “excessive and punitive.” FINTRAC’s Findings The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced on Sept. 26 that it had issued the administrative penalty against Peken Global Ltd., KuCoin’s operating entity. Regulators alleged that the exchange: According to FINTRAC, these violations represent serious lapses in KuCoin’s Canadian operations and undermine efforts to…