Sygnum Bank’s Q3 2025 Investment Outlook suggests that the long-anticipated altseason may finally be underway. As liquidity surges, regulatory clarity improves, and capital flows away from Bitcoin, altcoins appear poised for a strong comeback. Bitcoin Dominance Falls as Capital Rotates to Altcoins After peaking earlier this year amid global macro uncertainty, Bitcoin dominance has dropped over 6%, signaling a shift toward altcoins with strong use cases and sustainable tokenomics. This change follows a broader market rally driven by spot Bitcoin ETF inflows, which exceeded $160 billion AUM, and a record Bitcoin all-time high of over $123,000 on July 14. Ethereum…
Author: Blockto Team
Cathie Wood’s ARK Invest has deepened its bet on BitMine Immersion Technologies (BMNR), acquiring $15.3 million worth of shares on Tuesday, marking its second consecutive day of purchases amid a sharp price drop in the crypto-related stock. ARK Adds 477K BMNR Shares Across ETFs The investment management firm picked up 477,498 BMNR shares, distributing them across its flagship ETFs — including the ARK Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF) funds. This follows Monday’s purchase of 529,366 shares, as ARK continues its aggressive accumulation of equity in BitMine, a company positioning itself as a treasury vehicle with…
The U.S. Department of Justice (DOJ) has officially withdrawn any intention to pursue charges against Dragonfly Ventures for its early investment in the privacy-focused crypto mixer Tornado Cash, according to a public statement by one of the firm’s co-founders. DOJ No Longer Targets Dragonfly In a post on X (formerly Twitter) Tuesday, Dragonfly co-founder Haseeb Qureshi confirmed that the DOJ had formally clarified in court that neither Dragonfly nor any of its executives are subjects of any ongoing investigations. “The DOJ has now backtracked. They have stated on the record in the trial Monday morning that the media reports… were…
Indonesia’s Ministry of Finance will introduce higher taxes on cryptocurrency transactions starting August 1, 2025, aiming to tighten fiscal policy and regulate the growing digital asset sector. The changes, reported by Reuters, impact both domestic and foreign crypto platforms, with foreign transactions seeing tax hikes of up to fivefold. New Tax Structure for Crypto Sellers Effective August 1: Trades via overseas platforms will now face much steeper tax burdens compared to those executed within Indonesia. This move is seen as part of a broader effort to encourage the use of locally regulated exchanges and ensure tax compliance from foreign players…
In a major enforcement action, Rowland Marcus Andrade, the creator of the cryptocurrency AML Bitcoin, has been sentenced to seven years in federal prison following convictions of wire fraud and money laundering. The judgment marks a significant step in holding crypto project founders accountable for misleading investors. $10 Million Fraud Scheme Uncovered Andrade misled investors into contributing nearly $10 million to his crypto project under the pretense of developing a secure, regulatory-compliant digital currency. However, authorities uncovered that over $2 million of investor funds were funneled into luxury purchases and personal expenses, including real estate and vehicles. Andrade falsely claimed…
RD Technologies, a fintech firm based in Hong Kong, has successfully closed a $40 million Series A2 funding round ahead of the city’s new stablecoin licensing framework that comes into effect on August 1, 2025. The raise underscores growing investor confidence in regulated digital currency infrastructure in Asia’s leading financial hub. Strategic Investment Fuels Stablecoin Vision The funding round was co-led by new and returning investors, including ZA Global, China Harbour, Bright Venture, and Hivemind Capital. Other participants included HSG, Eternal Digital, CMSC Partners, and Guotai Junan International Private Equity Fund, reflecting broad institutional interest in digital payment systems. RD…
NEAR Protocol, one of the leading layer-1 blockchain platforms, recorded a 3% drop in price over the past 24 hours, slipping from $2.84 to $2.75. The move marks a significant shift from its recent consolidation range and reflects weakening investor sentiment amid elevated selling pressure. NEAR Breaks Out of Tight Consolidation Band For most of the trading day, NEAR remained tightly confined within a narrow range of $2.67 to $2.86, a $0.18 bandwidth that reflected market indecision. This sideways price action spanned from 28 July 15:00 to 29 July 14:00, during which NEAR appeared to be forming a base. The…
The Bank of Korea (BOK) has unveiled plans to form a dedicated Virtual Asset Committee, reinforcing its oversight of the rapidly evolving digital asset landscape. This strategic move aligns with the country’s broader efforts to embrace regulated innovation in blockchain and digital currency infrastructure. Virtual Asset Team to Monitor Stablecoins and Legislative Developments The newly formed Virtual Asset Team will monitor activities in the crypto and stablecoin markets, as well as support interagency cooperation during ongoing legislative processes. The creation of the team comes as South Korean lawmakers actively push for a stablecoin regulatory framework, sparking fresh momentum in institutional…
BONK, a meme-based cryptocurrency, experienced a sharp 14% decline in the last 24 hours, driven by aggressive institutional selling and rising macroeconomic uncertainties. The token dropped from a daily high of $0.00003565 to $0.00003062, reflecting growing pressure on speculative assets in a risk-off trading environment. Meme Token Sell-Off Accelerates as Institutions Exit Positions Large wallet data indicates that over 2.6 trillion BONK tokens were sold, particularly near the resistance level at $0.000036. The sell-off was largely attributed to institutional traders unwinding positions in response to regulatory jitters and hawkish signals from the U.S. Federal Reserve. This sharp exodus marks one…
Keonne Rodriguez and William Lonergan Hill, co-founders of Samourai Wallet, are set to plead guilty to federal charges related to their roles in a cryptocurrency mixing service that allegedly processed over $2 billion in unlawful transactions. Founders to Change Pleas in Federal Court In filings submitted to a New York federal court, Rodriguez and Hill stated their intention to change their previous not guilty pleas. The hearing to finalize the plea change was scheduled for Wednesday morning, marking a pivotal shift in the high-profile case. Facing a Combined 25-Year Sentence Rodriguez, the CEO, and Hill, the CTO, were arrested in…