BONK, Solana’s leading meme token, is once again capturing trader attention after rallying 8.39% ahead of a potentially historic 1 trillion token burn. The surge took the token from $0.000028 to $0.000029, briefly challenging resistance at the key psychological level of $0.00003 before seeing modest profit-taking. The deflationary pressure from the anticipated burn is fueling investor optimism and renewed buying interest. The sharp move is part of a broader trend that’s seen BONK establishing ascending lows, with consistent price support found in the $0.000027 to $0.000028 zone. Analysts note this consolidation range has created a strong technical base, allowing bulls…
Author: Blockto Team
SharpLink Gaming (Nasdaq: SBET) has strengthened its position as a top Ethereum-holding corporation by purchasing 11,259 ETH for $43.09 million in USDC. The over-the-counter trade, executed via Galaxy Digital, was priced at an average of $3,828 per ETH, according to on-chain analytics firm Lookonchain. With this latest acquisition, SharpLink’s ETH treasury now stands at 449,276 ETH, worth approximately $1.73 billion at current market prices. The company’s aggressive accumulation strategy continues to set it apart from corporate peers in the growing race to stockpile digital assets as part of long-term treasury strategies. Institutional Crypto Demand Heats Up SharpLink’s latest purchase follows…
Current Employment Landscape In July 2025, U.S. employers announced 62,075 job cuts, a 140% year‑over‑year increase and 29% rise from June, per Challenger, Gray & Christmas data. Meanwhile, June’s nonfarm payrolls showed strong gains (+147,000) and the unemployment rate fell to 4.1%. This divergence between rising layoffs and resilient payrolls underscores a complex labor market backdrop. Core PCE Inflation Trends June’s core PCE inflation rose approximately 0.29% month‑over‑month, stabilizing at 2.8% year‑over‑year, slightly above forecasts of 2.7%. May’s core PCE had previously ticked up by 0.1% monthly to 2.7% annually. What This Means for Crypto The combination of strong payroll…
South Korea’s financial regulators are preparing to issue new crypto lending guidelines in August, aiming to restrict high-risk leveraged products and improve investor safety. The move comes after local crypto exchanges like Upbit and Bithumb launched controversial lending services that allow users to borrow heavily against their digital assets. The guidelines are expected to introduce limits on leverage, define user eligibility, and enforce strict risk disclosure protocols. The Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) formed a joint task force this week to lead the initiative. The task force also includes representatives from DAXA (Digital Asset eXchange…
ResearchCoin (RSC) surged more than 15% on Wednesday after Coinbase announced it would list the token on its Base network, pushing the project into the spotlight. The rise came despite Coinbase officially distancing itself from ResearchHub, the platform behind the token — even though the project’s co-founder is none other than Coinbase CEO Brian Armstrong. The price of RSC jumped from $0.67 to a high of $0.77, before correcting slightly to $0.76 by press time, according to CoinGecko. That marks a 99% increase since Coinbase first added ResearchCoin to its listing roadmap on July 25. Coinbase emphasized that it is…
AllUnity, a joint venture formed by DWS, Galaxy, and Flow Traders, has launched EURAU, a regulated euro-denominated stablecoin, marking a major step in Europe’s digital finance evolution. EURAU is being touted as Germany’s first MiCAR-compliant euro stablecoin, issued under an electronic money (e-money) license from BaFin, the country’s financial regulator. The launch aligns with the European Union’s newly implemented Markets in Crypto-Assets Regulation (MiCAR), designed to standardize crypto laws across the bloc. EURAU: A Euro-Backed Stablecoin for Institutions Issued on Ethereum as an ERC-20 token, EURAU is fully backed by reserves held in European banks. It’s not aimed at retail…
NEAR Protocol (NEAR) rebounded sharply between July 30 and July 31, rising 8.27% from $2.52 to $2.73 on the back of institutional accumulation. The recovery showcases growing confidence from corporate trading desks in NEAR’s enterprise blockchain infrastructure, even as broader markets remain volatile. Institutional Accumulation Drives the Bounce The most significant price action occurred during a volatile 23-hour window, where NEAR dropped to a key support zone of $2.52, only to stage a strong recovery led by institutional buying. According to volume data, over 9.60 million NEAR tokens were traded during the July 30 selloff between 18:00 and 19:00, marking…
In a major breakthrough just before the August 1 tariff deadline, the United States and South Korea have finalized a sweeping trade agreement that includes $350 billion in investments and a reduction in import tariffs, signaling a new chapter in global trade and economic alignment. Tariff Cuts Benefit Industrial and Auto Sectors As part of the deal, South Korean exports to the U.S. will now face a 15% import tariff, significantly reduced from the previously proposed 25%. Tariffs on automobiles were also cut from 25% to 15%, aligning with terms already granted to Japan and the European Union. South Korean…
Abu Dhabi-based Bitcoin miner Phoenix Group has launched a strategic cryptocurrency reserve valued at $150 million, becoming the first company listed on the Abu Dhabi Securities Exchange (ADX) to establish such a fund. Phoenix Group Adds BTC and SOL to Balance Sheet The digital asset treasury includes 514 Bitcoin (BTC) and 630,000 Solana (SOL) tokens, positioning Phoenix Group as a long-term believer in the value of both networks. CEO Munaf Ali stated the move is “not just about exposure — it’s about alignment,” underlining the company’s confidence in the future of decentralized finance. Phoenix Group is now the first ADX-listed…
Indian crypto exchange CoinDCX has become the latest victim of a major cyberattack, with hackers stealing $44 million in digital assets by exploiting a fake job offer. Authorities say the breach stemmed from malware installed on a company-issued laptop belonging to a CoinDCX engineer. Social Engineering Attack Behind Massive Crypto Theft According to Bengaluru police, the attackers posed as recruiters and tricked Rahul Agarwal, a 30-year-old software engineer, into installing malware under the pretense of a part-time job opportunity. The compromised laptop gave hackers access to CoinDCX’s internal operational wallet system, allowing them to initiate unauthorized withdrawals. Police have arrested…