World Liberty Financial (WLFI), a crypto project with ties to former U.S. President Donald Trump, has acquired over 3,400 ETH worth $13 million, according to on-chain data from Arkham Intelligence. The move comes as institutional interest in Ethereum surges, with spot Ether ETFs recording record-setting inflows. World Liberty Acquires 3,473 ETH, Stakes on Aave On-chain analyst Lookonchain reported that WLFI purchased 3,473 ETH on Tuesday evening at an average price of $3,743 per token. Shortly after the acquisition, the Ether was staked on Aave, a leading decentralized lending protocol. The project now holds approximately 73,616 ETH, valued at $275.9 million…
Author: Blockto Team
Ethereum-based exchange-traded funds (ETFs) are attracting significant institutional attention, as daily inflows reached $533.87 million on Tuesday, marking the 13th consecutive day of net positive flows, according to SoSoValue. This streak has now brought total net inflows to over $4 billion since July 3. BlackRock Leads the Surge in Ether ETF Demand The surge was led by BlackRock’s iShares Ethereum Trust (ETHA), which alone brought in $426.22 million in net inflows, pushing its total assets under management to over $10 billion. Fidelity’s FETH followed with $35 million in new capital, signaling widespread interest beyond a single provider. “Institutional appetite for…
The blockchain world is experiencing a unique form of disguised unemployment. Just like workers who appear employed but add little to economic productivity, a staggering number of smart contract protocols on Ethereum and Solana are failing to generate revenue—raising questions about long-term viability and blockchain economic efficiency. Most Blockchain Protocols Are Not Earning According to recent data from DeFiLlama, only 12% of Ethereum-based protocols and 25% of Solana-based protocols generated revenue in the last 30 days. Out of 1,271 protocols on Ethereum, 1,121 failed to capture any value. On Solana, 198 out of 264 protocols were inactive in revenue terms.…
XRP rose 4% in the last 24 hours, reaching as high as $3.57 before closing near $3.51, following a confirmed technical breakout from a six-year symmetrical triangle. The rally comes alongside legislative progress in the U.S. and the launch of the first XRP futures ETF, marking a pivotal moment for institutional engagement in the XRP ecosystem. Breakout Confirms Long-Term Pattern The recent move marks the completion of a multi-year technical pattern that has held since 2019. Traders had been closely watching the $3.42–$3.50 range for signs of a breakout. The close above $3.50 signals bullish momentum, though late-session profit-taking capped…
Federal prosecutors in Seattle have filed a civil action to seize $7.1 million in cryptocurrency linked to an alleged oil and gas investment scam that defrauded victims out of nearly $18 million. The Department of Justice plans to distribute any recovered funds to verified victims once the forfeiture is approved. $97 Million Fraud Scheme Under Investigation The scheme allegedly ran between June 2022 and July 2024, raising nearly $97 million under false pretenses. Investors were told their funds would go toward purchasing oil tank storage facilities, which would then be rented out for high returns. Once the victims transferred money,…
Dogecoin (DOGE) witnessed a sharp spike in trading activity, with volume rising 75% above its 24-hour average, signaling aggressive defense of the $0.26 support level. This comes amid global macroeconomic uncertainty and heightened risk sentiment, pushing tactical traders to re-engage with the meme-based cryptocurrency. DOGE Holds Strong Amid Volatility DOGE posted a 5% intraday gain, trading in a narrow $0.01 range between $0.26 and $0.27. Despite brief sell pressure near session close, buyers defended the $0.26 floor, keeping price action within a consolidation band. Trading volume surged to 720.64 million and 717.84 million, far above the 24-hour average of 408.52…
The Bank of England (BoE) is reportedly reassessing its central bank digital currency (CBDC) project amid rising doubts about its effectiveness. According to sources familiar with internal discussions, the UK central bank may cancel its digital pound plans if commercial banks deliver sufficient payment innovation without requiring a state-backed alternative. Digital Pound Plans Face Resistance The BoE previously stated in 2023 that a digital pound was “likely needed in the future”, but recent comments suggest a shift. Governor Andrew Bailey told the UK Treasury Committee that he would require “a lot of convincing” to proceed with a CBDC if private…
In a surprising regulatory move, South Korea’s Financial Supervisory Service (FSS) has issued a verbal notice urging local firms to reduce exposure to crypto exchange-traded funds (ETFs) and U.S.-listed digital asset companies, including Coinbase (COIN) and MicroStrategy (MSTR). FSS Reinforces 2017 Policy Despite Evolving Market Despite global shifts in regulatory sentiment, the FSS has reiterated that financial institutions must comply with the country’s long-standing policy, originally set in 2017. That policy prohibits regulated firms from holding equity in digital assets, signaling a firm stance on limiting direct exposure to volatile crypto markets. “Institutions need to abide by the current guidelines,…
The momentum behind altcoins appears to be fading fast, as Bitcoin regains dominance following a short-lived altcoin surge. Cosmos (ATOM), a key token from the interoperability-focused Cosmos network, saw a notable price decline in the past 24 hours, shedding nearly 5% of its value amid shifting market sentiment. Cosmos Struggles Amid Bitcoin’s Recovery After peaking around $5.26 on July 21, ATOM fell sharply to a low of $4.98 by July 22, reflecting broader weakness across mid-cap altcoins. The drop follows a strong altcoin rally last week that briefly positioned Cosmos as an outperformer against BTC. However, Bitcoin’s renewed strength has…
Bitfarms (BITF), a global Bitcoin mining company, has unveiled a major corporate shift alongside a share buyback program that targets 10% of its public float. This move reflects growing confidence from company leadership in its long-term value and a broader shift in business strategy. Bitfarms to Repurchase 49.9 Million Shares Over 12 Months Bitfarms announced that it will repurchase up to 49.9 million shares, representing 10% of its publicly traded shares, over the next year. The buyback begins July 28, 2025, and will continue through July 27, 2026, with repurchases taking place on both the Toronto Stock Exchange (TSX) and…