Bitcoin (BTC) slid to $115,000 Thursday as a wave of profit-taking and new tariff threats triggered a deeper pullback. The move marks a third major consolidation event in recent months, as on-chain and macroeconomic signals converge to cool the crypto rally. Whale Profit-Taking Hits $6–8 Billion in July According to CryptoQuant, July saw an $6–8 billion spike in realized profits, indicating that new whales—likely institutional entrants—are cashing out near local highs. This has been a consistent pattern during previous consolidation phases, often leading to temporary corrections before the market resets. On-chain data shows a clear transfer of BTC from newer,…
Author: Blockto Team
In a landmark move for U.S. financial regulation, SEC Chairman Paul Atkins has announced the launch of Project Crypto, a new initiative aimed at updating federal securities rules to reflect the evolving digital landscape. The goal: bring America’s capital markets fully on-chain. A New Era of Digital Market Regulation During a Thursday speech, Atkins emphasized the importance of adapting policy frameworks to meet the demands of blockchain innovation. “Project Crypto will help ensure that the United States remains the best place in the world to start a business, develop cutting-edge technologies, and participate in capital markets,” he stated. This initiative…
Blockstream, the Bitcoin infrastructure pioneer led by Adam Back, has unveiled Simplicity, a new smart contract programming language developed specifically for Bitcoin’s architecture. This move aims to bring programmable functionality to Bitcoin—long viewed solely as a store of value. A Native Smart Contract Language for Bitcoin Developers Unlike Ethereum’s Solidity, which is tightly integrated with the Ethereum Virtual Machine (EVM), Simplicity is tailored for Bitcoin’s UTXO-based system. This means that contracts written in Simplicity don’t rely on a global network state. Instead, every piece of contract data must be provided within each transaction—a model that enhances modularity and reduces risk…
Tether International Ltd., the company behind the world’s leading stablecoin USDT, posted a net profit of $4.9 billion in Q2 2025, as stablecoins gain momentum in mainstream finance. This performance reflects strong reserve management, asset diversification, and growing market demand for tokenized dollars. Tether Holds $162.5B in Reserves, Exceeds Liabilities by $5.4B According to its latest attestation, Tether held $162.5 billion in total reserves as of June 30, compared to $157.1 billion in liabilities, mostly representing USDT in circulation. This leaves a surplus of $5.4 billion in excess reserves, solidifying the firm’s financial position during a period of rapid stablecoin…
Robinhood (HOOD) delivered a strong Q2 performance, surpassing analysts’ expectations with higher revenue and a surge in crypto trading activity. Despite this bullish data, Wall Street analysts held back from issuing rating upgrades, suggesting that the stock’s recent rally has already priced in much of the expected growth. Stock Rallies 420% Year-Over-Year HOOD stock is now trading around $106.50, nearly three times higher than its April lows, and up an impressive 420% compared to last year. While these numbers reflect robust investor confidence, analysts believe the rapid climb could limit near-term upside. Analysts increased price targets, but withheld rating upgrades,…
Top Gainers in the Crypto Market Today: HBAR Leads with 7.9% Surge The cryptocurrency market showed renewed momentum today, with several altcoins registering notable gains. The performance chart highlights Hedera (HBAR) as the clear outperformer, followed by strong moves in Aptos (APT), Chainlink (LINK), and others. CHART TA BY BITX Hedera (HBAR) Takes the Lead with 7.9% Daily Gain HBAR surged by 7.9%, making it the top-performing digital asset of the day. This rally reflects growing investor interest in Hedera’s enterprise-level DLT solutions and recent developments in its ecosystem. The price breakout occurred on strong volume, suggesting potential bullish continuation…
Internet Computer Protocol (ICP) surged 5% in the past 24 hours, reaching $5.57, as new AI-powered no-code development tools and a 1 million token burn drove institutional accumulation. The price rallied within a 7% intraday trading range, supported by strong technical structure and growing demand for scalable blockchain infrastructure. The move is part of a broader bullish trend as DFINITY’s recent innovations begin to reshape developer accessibility. Internet Computer 2.0: AI Meets No-Code The rally coincided with the debut of Internet Computer 2.0, an upgrade from the DFINITY Foundation introducing AI-based development tools that allow users to build decentralized applications…
Corporate crypto treasury holdings have crossed the $100 billion milestone, fueled by a sharp rise in institutional Ether (ETH) accumulation, according to a new Galaxy Research report. This signals a major shift in how public companies integrate digital assets into their balance sheets. Institutional Demand for Ether Accelerates ETH buying is being driven not just by corporations like Metaplanet, Strategy, and SharpLink, but also by the growing influence of spot ETH ETFs, which have seen 19 consecutive days of net inflows—a record streak. According to Farside Investors, these ETFs have accumulated over $5.3 billion in ETH since July 3. Ethereum’s…
Filecoin (FIL) gained 2% in price after strongly defending the $2.38 support level, as bullish momentum returned to the decentralized storage token. This rebound came amid a massive spike in trading volume, highlighting renewed trader interest and potential upside. Support is now confirmed at $2.38, while the next resistance level stands at $2.55. According to data models, volume exploded to 13.11 million FIL tokens at 19:00 UTC on July 30, sharply above the 2.29 million daily average. This volume surge coincided with a price dip to $2.38, where buyers immediately stepped in to defend the level, triggering a sharp reversal.…
Stable, a new Layer 1 blockchain focused exclusively on Tether’s USDT, has raised $28 million in a seed funding round co-led by Bitfinex and Hack VC. The round includes participation from top-tier investors like Franklin Templeton, Mirana, eGirl Capital, Castle Island Ventures, and Susquehanna International Group. The project aims to deliver a stablecoin-native blockchain, dubbed a “stablechain,” designed to solve the long-standing issues of using stablecoins like USDT on general-purpose networks such as Ethereum or Solana. Key Goal: Create a zero-gas-fee, high-throughput blockchain with USDT as the gas token, specifically optimized for real-world payments and remittances. Institutional Momentum Behind Stable…