PEPE, the meme coin that has captured retail trader attention throughout 2025, dropped more than 5% in 24 hours, but underlying data suggests increasing long-term investor interest may support a near-term recovery. PEPE Price Drop: Volume Surge Drives Volatility PEPE’s price slid from $0.000014167 to $0.000012915, marking a 5.1% intraday loss before stabilizing at $0.0000131. The sharpest declines occurred during a high-volume window, with trading surging to 13.02 trillion tokens per hour—a figure more than four times the average of 3.2 trillion. This dramatic volume spike signals forced selling and profit-taking, common in short-term meme coin rallies. Whale Wallets Increase…
Author: Blockto Team
Two MIT-educated brothers accused of pulling off a $25 million MEV exploit on the Ethereum blockchain will stand trial, after a federal judge denied their bid to dismiss criminal charges. Judge Rules Exploiting Ethereum’s Code Doesn’t Shield from Fraud On July 24, U.S. District Judge Jessica Clarke ruled that the conduct of Anton and James Peraire-Bueno, who allegedly manipulated MEV (Maximal Extractable Value) bots, meets the criteria for wire fraud — regardless of whether their methods exploited “open” parts of Ethereum’s code. The brothers face charges of wire fraud, conspiracy to commit wire fraud, and money laundering, stemming from a…
The Solana network has increased its block capacity by 20%, raising the limit from 48 million to 60 million compute units (CU) per block, with proposals underway to raise that even higher by year’s end. Higher Capacity Means Smoother Transactions The capacity upgrade, confirmed Tuesday, means more transactions can now fit into each block. Mert Mumtaz, CEO of Helius — a Solana infrastructure provider — explained that this directly benefits users and developers: Each Solana transaction consumes a number of compute units, depending on its complexity. By increasing the compute ceiling per block, Solana reduces congestion risks — a known…
Bitcoin is becoming more intertwined with Wall Street risk sentiment, as shown by a record 90-day correlation of 0.88 between BTC’s implied volatility indices and the S&P 500 Volatility Index (VIX). This trend, dubbed the “Wall Streetization” of Bitcoin, highlights how institutional behavior is reshaping the crypto market’s volatility profile. BTC Volatility and S&P 500 VIX Reach 0.88 Correlation According to recent data, the 90-day correlation between Bitcoin’s implied volatility indices (BVIV and DVOL) and the VIX reached an all-time high of 0.88—indicating a tight relationship between crypto and traditional equity markets. As of this week, the correlation still stands…
NEAR Protocol faced a sharp selloff this week as altcoin season momentum slowed down, triggering a 5.4% price drop within 24 hours. The sudden dip highlights growing concerns about broader fragility in the crypto market as traders reassess risk exposure heading into Q3 2025. NEAR Price Analysis: Support at $2.76 Holds Amid High Volatility From July 22 at 15:00 UTC to July 23 at 14:00 UTC, NEAR’s price dropped from $2.97 to $2.81, marking a 5.41% decline. The token moved within a volatile $0.28 range, peaking at $3.04 and hitting a low of $2.76. A notable selloff occurred around 13:00…
A sharp decline in the crypto market on Tuesday led to one of the largest liquidation events in recent months, with $735 million in total liquidations and over $625 million from long positions. Surprisingly, Ether (ETH) and XRP traders bore the brunt more than Bitcoin (BTC), underscoring the high-risk appetite in altcoin markets. Altcoins See Higher Liquidations Than Bitcoin While Bitcoin remains the most traded crypto, ETH and XRP futures saw deeper losses. According to CoinGlass: This suggests altcoin traders were using higher leverage, exposing themselves to larger downside risk. The outsized liquidations are notable because they occurred without any…
In a landmark decision that may reshape future NFT copyright disputes, the US Ninth Circuit Court of Appeals has overturned a $9 million judgment in favor of Yuga Labs in its ongoing legal battle against digital artist Ryder Ripps and business partner Jeremy Cahen. Yuga Labs’ Trademark Claims Sent Back for Trial The appeals court ruled that Yuga Labs failed to prove its key argument — that Ripps and Cahen’s NFT project was “likely to cause consumer confusion” with the Bored Ape Yacht Club (BAYC) brand. The judges unanimously agreed that the case requires a federal trial to determine whether…
Internet Computer (ICP) faced a significant price retreat on July 23, pulling back sharply alongside the broader altcoin market correction. The decline came despite positive infrastructure developments in Bitcoin DeFi, signaling a pause in market enthusiasm after extended rally phases. Resistance at $6.00–$6.10 Halts ICP Rally ICP fell 5.35% within 24 hours, sliding from $6.01 to $5.69. The asset encountered heavy resistance around $6.00–$6.10, a zone that has previously blocked upward movement. Multiple breakout attempts above $6.00 failed, confirming strong technical resistance and initiating a wave of sell pressure. The steepest drop occurred around 13:00 UTC, when the price dropped…
The criminal trial of Tornado Cash co-founder Roman Storm is entering a critical phase, as prosecutors argue that Storm maintained control over funds linked to illicit crypto activity. U.S. authorities are now preparing to rest their case, while the defense prepares to challenge key evidence related to Storm’s alleged role in money laundering and sanctions violations. IRS Agent Testifies on Wallet Control On the eighth day of the trial, IRS Special Agent Stephan George testified that Storm had control over certain wallet addresses tied to Tornado Cash. This conclusion was drawn from an analysis of wallet transactions on Binance and…
As the crypto market touches new highs in 2025, fraudulent schemes are once again flooding the space. Ripple CEO Brad Garlinghouse has issued a public alert, warning users of sophisticated XRP scams on YouTube and other platforms. Crypto Scam Losses Hit $2.1 Billion in H1 2025 The first half of 2025 saw crypto scam losses reach a record-breaking $2.1 billion, surpassing the previous high of $2 billion set in 2022. According to Ripple, bad actors are now exploiting hacked YouTube accounts to impersonate Ripple and promote fake XRP giveaways. “With every major rally, scammers ramp up. Please beware of YouTube…