Anatoly Yakovenko Criticizes Memecoins Despite Solana’s Revenue Boom In a bold statement that triggered wide debate across the crypto space, Solana co-founder Anatoly Yakovenko referred to memecoins and NFTs as “digital slop”. The remarks were made in a recent X post during a public exchange with Base creator Jesse Pollak, where the two discussed whether such assets have intrinsic value. Yakovenko compared memecoins to loot boxes in mobile games, claiming that their worth is driven solely by market speculation rather than any inherent substance. He emphasized that “memecoins and NFTs have no intrinsic value”, igniting criticism from crypto developers and…
Author: Blockto Team
BNB Price Breaks $850 as Whale Activity Rises The native token of Binance, BNB, has reached a new all-time high of $850.70, pushing the estimated holdings of Changpeng “CZ” Zhao past $75 billion. This surge in valuation strengthens CZ’s position among the wealthiest individuals globally, ranking him 23rd according to recent billionaire estimates. “CZ reportedly holds around 64% of the BNB circulating supply — equal to 89.1 million tokens.” At the current BNB price levels, his holdings surpass several well-known billionaires, including family stakes in some of America’s largest private firms. His crypto-dominated portfolio also includes a small fraction in…
Coinbase Files Lawsuit Over Trademark Infringement In a recent legal move, crypto exchange giant Coinbase has filed a lawsuit against a German resident for allegedly engaging in cybersquatting — the act of registering a domain name closely resembling a well-known brand to gain financial benefits. The domain in question, coinbase.de, was reportedly used by the accused to redirect visitors and profit off Coinbase’s established reputation. Alleged Use of Domain for Affiliate Profit and App Redirection Coinbase stated in its complaint that the individual, based in Isernhagen, Germany, previously used the domain to host an affiliate link tied to Coinbase’s affiliate…
Roman Storm, one of the original creators of the Tornado Cash protocol, is urgently requesting $1.5 million in additional funding for his legal defense as his high-stakes trial continues into its third week in New York. Storm Faces Mounting Legal Bills Amid Historic Privacy Trial On July 26, Storm issued a public plea on X (formerly Twitter), stating that his legal team has been “working around the clock” as the case escalates. The trial, which began on July 14 in Manhattan’s Southern District Court, could set a lasting precedent on whether open-source crypto privacy tools like Tornado Cash are protected…
Bitcoin (BTC) is holding strong near $119,000, buoyed by recent geopolitical calm after former President Donald Trump struck a new tariff agreement with the European Union. The deal has helped ease macroeconomic tensions, providing support for broader risk assets, including crypto. Geopolitical Stability Fuels Market Confidence The agreement—hailed as a “reset” in U.S.–E.U. trade policy—is being seen as a signal of stability amid global uncertainty. As tensions cool, Bitcoin’s on-chain activity remains strong, showing sustained accumulation and healthy transaction volumes. Polymarket Traders Raise Odds of $125K BTC Crypto prediction markets like Polymarket now assign a 63% probability that Bitcoin breaks…
Michael Saylor is once again pushing the boundaries of Bitcoin’s financial utility, this time by launching a $2 billion “Stretch” Preferred Stock (STRC) vehicle through his firm Strategy (MSTR). According to a report by NYDIG, this product offers a variable 9% dividend, drawing on Bitcoin’s historical performance—without giving direct crypto exposure. Bitcoin as a Yield Engine—Without the Volatility The STRC offering is not a crypto ETF or a spot Bitcoin product. Instead, it’s a money-market-style investment vehicle that uses Bitcoin’s historical annualized return—typically 3% to 4% minimum over any five-year period—to sustain high monthly payouts. The stock is designed to…
Shiba Inu (SHIB) is drawing renewed attention after recent data revealed that whale concentration has reached 74%, according to IntoTheBlock. This means nearly three-quarters of the token’s supply is now held by large investors — a development that could significantly impact SHIB’s market dynamics. Whales Signal Confidence — But at What Cost? A whale is typically defined as an address holding at least 1% of the total supply or maintaining large balances over time. While increased whale concentration often signals institutional confidence, it also introduces centralization risk, where a few holders control majority influence over price movements. “The 74% figure…
Ethereum (ETH) has continued its bullish momentum, rising 1.74% over the past 24 hours to trade near $3,824. As the broader crypto market remains upbeat, ETH is eyeing a potential breakout toward a key psychological barrier. ETH Nears Resistance With Bullish Momentum According to the BITX chart, ETH is approaching resistance near $3,824 with steady upward pressure. Short-term traders are closely watching whether Ethereum can sustain this momentum and break into the $3,900–$4,000 range. Daily and Midterm Outlook: Bullish Above $3,675 Zooming out to the daily timeframe, Ethereum has already closed above key resistance at $3,675, now acting as a…
The cryptocurrency market faced a sharp wave of liquidations, totaling $137 million in the past 24 hours, according to data from BITX. The move comes amid rising volatility, shifting sentiment, and critical resistance levels across major assets. Longs Take the Hardest Hit Of the total liquidations, long positions were hit hardest, accounting for $81.41 million — a clear indication that bullish traders were caught off guard by sudden price pullbacks. In contrast, short positions made up $55.65 million, showing that the market moved in both directions during the turbulence. “This kind of cross-liquidation wipeout suggests a leveraged market facing uncertainty,”…
The HYPE token is back in focus as Wall Street deepens its foray into crypto treasury strategies, and one major bet could shape the token’s future. After climbing from $37.41 to nearly $50 this month, HYPE now trades at $42.77, consolidating near a key support level. HSI’s $888 Million HYPE Treasury Could Be a Game-Changer The spotlight is on Hyperliquid Strategies Inc. (HSI) — a new publicly listed crypto treasury firm backed by Atlas Merchant Capital, Paradigm, and Galaxy Digital. Through a reverse merger with Sonnet BioTherapeutics, HSI is set to hold over 12.6 million HYPE tokens, worth $583 million,…