Tesla’s Bitcoin investment is once again in the spotlight as the electric carmaker’s holdings soared to $1.2 billion, following a sharp rally in Bitcoin’s price during the second quarter of 2025. The surge comes after BTC rose 30%, from around $83,000 on April 1 to $118,000 by the end of June. FASB Rule Change Helps Tesla Report Fair Value of Digital Assets A key driver of this balance sheet boost is a new accounting rule introduced by the Financial Accounting Standards Board (FASB), which allows companies to mark crypto assets to market value each quarter. This change took effect in…
Author: Blockto Team
BONK, the Solana-based meme token, posted a sharp 4% drop over the past 24 hours, declining from $0.000035 to $0.000033 amid massive sell pressure and volatile market conditions. With over 2.8 trillion tokens traded, the move underscores mounting resistance and market indecision at key technical levels. High-Volume Resistance Near $0.000038 Triggers Selloff The token surged to an early peak of $0.0000377 during the July 22–23 trading window, but resistance intensified near the $0.000038 mark. This price level coincided with a doubling in 24-hour volume, as trading activity spiked above 2.66 trillion tokens, signaling strong overhead supply. BONK Slides to $0.000033…
Cosmos Hub’s native token, ATOM, witnessed a sharp decline of over 5% in the past 24 hours, as distribution pressure and market-wide weakness swept through the altcoin space. The token dropped from $5.08 to $4.82, briefly touching $4.78 before a modest recovery. ATOM Price Faces Key Support at $4.78 Amid High Volume Selloff The selloff was driven by intensified liquidation activity, particularly between 09:00 and 14:00 UTC on July 23, during which over 7.73 million ATOM tokens changed hands. This surge in volume accompanied a breakdown of the psychological $5.00 level, a zone that had previously served as interim support.…
BitMine Immersion (BMNR), a crypto mining and Ethereum treasury firm backed by Peter Thiel and ARK Invest, has launched options trading on the New York Stock Exchange (NYSE) as it pursues an ambitious plan to acquire 5% of the total Ethereum (ETH) supply. BitMine’s Institutional ETH Play Gains Momentum The firm, which recently pivoted from bitcoin mining to Ethereum accumulation, is emerging as one of the largest corporate ETH holders globally. BitMine has already amassed over $1 billion worth of ETH and aims to become a key institutional force in Ethereum’s financial ecosystem. “We want to become one of the…
Shiba Inu (SHIB) faced heavy losses alongside the broader crypto market, recording a 7% drop in the last 24 hours, yet it slightly outperformed Dogecoin (DOGE) in relative strength. Despite the pullback, key indicators suggest SHIB may still maintain its longer-term bullish structure. Trading Volumes Spike as SHIB Breaks Key Levels During the selloff, SHIB dropped from $0.000015189 to $0.000014130, driven by extreme selling pressure and record-breaking volumes. A staggering 4.33 trillion tokens were traded, marking one of the most active sessions in recent history. The breakdown began around $0.000014776, where prices sharply declined to $0.000014035 within one hour. Despite…
In a significant development for Latin America’s financial sector, Brazilian asset manager VERT has launched a tokenized credit platform on the XRP Ledger, marking a milestone for blockchain adoption in structured finance. The platform’s debut features a $130 million issuance tied to agribusiness, setting the stage for future on-chain financial innovation. $130 Million Agribusiness Credit Issued Using Blockchain VERT’s first transaction on the platform involved a BRL 700 million (approx. $130M) issuance of Agribusiness Receivables Certificates (CRAs)—regulated financial instruments that pool future loan repayments from Brazil’s farming sector. These structured products are critical to a country where agriculture makes up…
World Liberty Financial (WLFI), a Trump-affiliated crypto project, has struck a major partnership with Vaulta, the blockchain firm formerly known as EOS, to accelerate web3 banking adoption in the U.S. $6 Million Token Buy Signals Strategic Alliance In May, World Liberty acquired $6 million worth of Vaulta’s “A” tokens (formerly EOS) as part of its broader Macro Strategy reserve, which already includes Bitcoin, Ethereum, and TRON. The move highlights growing institutional interest in diversified crypto exposure. The price of Vaulta has surged by 30% since early July, bolstered by the announcement. Vaulta to Integrate USD1 Stablecoin into Web3 Banking As…
Goldman Sachs and BNY Mellon, two of Wall Street’s leading financial institutions, are taking a significant leap into blockchain-based finance. Their new initiative introduces tokenized money market funds, designed specifically for institutional clients seeking efficiency, transparency, and 24/7 settlement. What Are Tokenized Money Market Funds? Tokenized money market funds are digital representations of traditional funds, backed by low-risk assets such as U.S. Treasurys. These tokenized assets are issued on a private blockchain, allowing for real-time ownership tracking, fractional investment, and instant settlement—a major improvement over traditional legacy systems that operate only during business hours. Goldman Sachs will operate the blockchain…
The Hong Kong Monetary Authority (HKMA) has issued a cautionary message amid growing excitement in the digital asset industry. With stablecoin regulations set to take effect next month, HKMA CEO Eddie Yue said the market has become “overly excited” and warned that only a few licenses will be granted initially. Stablecoin Enthusiasm Outpacing Regulatory Reality In a recent blog post, Yue criticized companies that have no core business in digital assets or blockchain, yet are publicly declaring plans to enter the stablecoin space. “Some firms have seen their stock prices surge and reputations rise simply by associating with stablecoin development—even…
XRP’s bullish momentum is weakening, with the token breaking its July uptrend line as broader crypto markets face uncertainty. As Bitcoin (BTC) continues to struggle below key resistance at $120,000, traders are growing cautious, with momentum indicators hinting at a possible bearish shift. XRP Breaches Uptrend: Correction Ahead? After rallying from $2.20 to over $3.60 in July, XRP had maintained a steady uptrend — until now. In the last 24 hours, that uptrend line was broken, a key signal that bullish momentum may be losing steam. XRP is now trading around $3.44, moving in a choppy range between $3.35 and…