The Hong Kong Monetary Authority (HKMA) has officially finalized its regulatory framework for stablecoin issuers, with new rules set to take effect on August 1, 2025. The move marks a significant step in the city’s ongoing effort to establish a regulated, transparent crypto ecosystem. “As of today, no license has been issued,” the HKMA warned, urging the public to be cautious of scams and unverified claims about regulatory approval. New Guidelines Aim to Rein in Hype and Risks On Tuesday, the HKMA published two sets of guidelines addressing: As part of the rollout, a public registry of licensed issuers will…
Author: Blockto Team
Ethereum Layer 2 network Linea, founded by Consensys, is set to introduce a range of groundbreaking features ahead of its upcoming LINEA token rollout. In a statement released Tuesday, the team revealed plans for ETH-native staking rewards, a protocol-level ETH burn mechanism, and a deflationary token model aimed at reinforcing Ethereum’s economic structure. Native ETH Yield and Protocol ETH Burn By October 2025, Linea will support native ETH yield on bridged ETH, meaning users who transfer ETH to the Layer 2 can earn staking rewards directly within the network. These rewards will be reinvested into the Linea ecosystem, bolstering on-chain…
Institutional interest in Ethereum is accelerating. According to a new report by Standard Chartered, corporate treasuries now hold 1% of all ETH in circulation—and that figure could rise tenfold over time. “Ether treasury holdings may eventually account for 10% of the total ETH supply,” said Geoff Kendrick, Head of Digital Assets Research at Standard Chartered. What’s Driving the ETH Treasury Trend? Since early June, corporate entities have begun actively accumulating ETH, motivated by two key catalysts: Ether is increasingly seen as both a yield-bearing asset and a strategic treasury reserve, similar to how Bitcoin was treated by early adopters like…
Cathie Wood’s ARK Invest made a bold move on Monday, scooping up $18.6 million worth of shares in BitMine Immersion Technologies (BMNR)—a company positioning itself as a major player in the Ether (ETH) treasury and staking ecosystem. According to ARK’s latest trade disclosure, the investment firm purchased 529,366 BMNR shares across its Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW). The move marks a significant vote of confidence in BitMine’s role as a growing corporate holder of Ether amid a broader rally in ETH and restaking protocols. BitMine has emerged as one of the most aggressive Ether-accumulating public companies…
Launchpad That Claims to Prevent Rug Pulls Now Accused of Mimicking One Bubblemaps, a blockchain analytics firm known for visualizing wallet activity, has raised red flags against Rugproof, a Solana-based launchpad that ironically brands itself as “rug pull-proof.” Bubblemaps alleges Rugproof may be using deceptive token distribution tactics typical of rug pull schemes. The analytics team reported that 50% of the token supply was bought at launch by wallets directly funded by the token creator. Using its bubble mapping tool, Bubblemaps visualized how the project’s creator address—o93G6B—distributed SOL tokens to 162 wallets, which in turn purchased half of the Rugproof…
World’s Leading Mining Rig Maker Targets Texas or Florida for Expansion Bitmain, the global leader in crypto mining hardware manufacturing, is planning to launch a new U.S. production facility by the end of Q3 2025, with site options narrowed to either Texas or Florida. This marks Bitmain’s first major production move into the U.S. as part of its long-term global expansion strategy. The company plans to hire 250 local workers for production and on-site maintenance roles in its upcoming U.S. factory. Bitmain first revealed its intent to build a U.S.-based production line back in December. Now, with the timeline firming…
DeFi Hits 3-Year High in TVL The decentralized finance (DeFi) market has soared to $153 billion in total value locked (TVL) — its highest level since May 2022. This rally is being fueled by Ethereum’s price surge toward $4,000 and a wave of capital flowing into restaking protocols, signaling renewed institutional interest and DeFi growth. Ethereum Leads with 60% of DeFi TVL Ethereum dominates the DeFi landscape, holding nearly 60% of total TVL, according to DeFiLlama. The largest contributors are Lido and Aave, which together control more than $60 billion in locked assets. ETH has surged over 60% in the…
Cboe Moves to Expand Staked Crypto ETF Offerings in the U.S. The Chicago Board Options Exchange (Cboe) has filed to list a new staked crypto ETF — this time for Injective (INJ) — in partnership with Canary Capital. If approved, this would be the third staked altcoin ETF in the U.S., following the successful filings for staked Solana (SOL) and staked Ether (ETH) in June. Cboe submitted a 19b-4 form on Monday, shortly after Canary Capital filed its S-1 registration with the SEC for the staked Injective ETF. The fund is designed to generate staking rewards by validating transactions through…
RAKBANK Launches Crypto Services Through Mobile App RAKBANK, one of the UAE’s oldest and most trusted financial institutions, has taken a bold step into the digital asset space. In a strategic partnership with Bitpanda, the bank is now offering retail customers access to cryptocurrency trading directly through its mobile banking app. This marks the first time a traditional bank in the UAE has launched retail crypto trading — a move set to reshape the region’s financial landscape. Customers can now buy, sell, and swap cryptocurrencies using AED, with all transactions settling directly in dirhams. This eliminates the need for foreign…
ARK Invest Restructures Crypto Portfolio With $20M BitMine Buy ARK Invest has increased its exposure to BitMine Immersion Technologies, investing over $20 million across three actively managed ETFs. This strategic allocation follows BitMine’s rise as the largest Ether-holding public firm, with 566,800 ETH valued at over $2 billion, accumulated in just 16 days. The ARK Innovation ETF (ARKK) added 401,318 BitMine shares, while ARKW and ARKF acquired 128,048 and 43,487 shares, respectively — totaling 572,853 shares. This move comes after BitMine’s massive $182 million acquisition last week and signals a notable shift toward firms with significant Ethereum treasury holdings. Despite…