Stablecoins Offer New Opportunities for Cross-Border Payments Stablecoins are becoming central to the future of global remittances, and Western Union sees this shift not as a disruption—but as a potential advantage. In a recent interview, Western Union CEO Devin McGranahan stated that stablecoins represent an “opportunity, not a threat” to the company’s traditional money transfer services. Western Union, a global leader in cross-border payments, moves billions of dollars annually. With stablecoins pegged to fiat currencies like the U.S. dollar, they offer fast, low-cost international transfers using blockchain infrastructure. According to McGranahan, this technology could enhance their services by reaching markets…
Author: Blockto Team
In a potential shift in the U.S. banking sector’s stance toward digital assets, JPMorgan Chase is reportedly exploring the launch of crypto-backed loans, with early discussions focused on Bitcoin (BTC) and Ether (ETH) as collateral. The move aligns with growing institutional momentum around stablecoins and tokenized finance, as reported by the Financial Times on Tuesday. Strategic Shift Toward Digital Assets The initiative could position JPMorgan as the first major U.S. bank to lend directly against crypto holdings by 2026, signaling a turning point in the bank’s long-criticized relationship with digital assets. While plans are still evolving, insiders cited by FT…
Bitcoin giant Strategy has unveiled a bold new financial instrument aimed at accelerating its Bitcoin accumulation strategy. On Monday, the firm announced the launch of its Variable Rate Series A Perpetual Stretch Preferred Stock (ticker: STRC), a $100-pegged stock offering designed to act like a synthetic stablecoin with yield. Strategy Seeks to Convert Fiat Into Bitcoin at Scale Michael Saylor’s firm plans to raise capital through an initial public offering (IPO) of 5 million STRC shares, with each share pegged at $100 and paying a variable monthly dividend starting at 9% annually. According to the company’s filing, the proceeds will…
House Republicans have advanced a proposal to slash the U.S. Securities and Exchange Commission’s (SEC) 2026 budget by 7%, aiming to roll back several Biden-era regulations — including rules requiring cyberattack disclosures by public companies. GOP Budget Plan: $153M Less for SEC in 2026 The House Appropriations Financial Services subcommittee, led by Rep. Dave Joyce, approved a $23.3 billion fiscal package on Monday. Under this proposal, the SEC would receive just over $2.03 billion, marking a $153.9 million reduction from its 2025 budget. This figure is also below the $2.149 billion the SEC requested last month to fund over 4,100…
Ethereum (ETH) flashed a Doji candlestick on the daily chart, signaling market indecision after a parabolic surge from $2,100 to nearly $3,800 in just four weeks. Meanwhile, XRP appears to be forming a double top, a classic bearish reversal pattern, as momentum stalls near $3.60. Ethereum Forms Doji After Steep Rally On Monday, Ethereum closed with a Doji candle, a technical formation that often signals exhaustion or hesitation. This came after ETH’s vertical rally stalled near the $3,859 mark—a level just below the key resistance zone of $3,800–$4,100, where ETH has repeatedly topped out over the past year (March, May,…
Meme Coin BONK Gains Institutional Credibility as “Seed Tag” Is Removed BONK, the Solana-based meme token, surged by 4% on July 21 after Binance officially removed its “Seed Tag,” a label typically reserved for high-risk projects. This move fueled optimism among traders, pushing BONK to an intraday high of $0.000037 before a round of profit-taking trimmed gains, closing the session near $0.00003492 with a modest +1.3% net gain. Binance’s reclassification is seen as a signal of increased maturity, reducing regulatory risk and paving the way for greater institutional interest. Volume Spikes to 3.19 Trillion Tokens as BONK Hits Resistance The…
XRP Surges 5% Amid Symmetrical Triangle Breakout XRP has confirmed a major bullish breakout, climbing 5% within 24 hours to hit a high of $3.64 before consolidating near $3.55. This upward move follows the completion of a six-year symmetrical triangle pattern, a technical formation that often precedes large price swings. A volume spike of 158 million XRP at 14:00 GMT validated the breakout, marking a key technical milestone. The breakout level around $3.55 is now acting as a pivot zone. Holding above it strengthens the bullish scenario, while a drop below could invite fresh selling pressure. Triangle Breakout Suggests Short-Term…
A SpaceX-linked wallet has transferred over $153 million in Bitcoin, marking its first on-chain activity since June 2022. The move, involving 1,308 BTC, has sparked speculation across the crypto space, though its purpose remains unclear. The transaction was flagged by Arkham Intelligence, which tracks blockchain activity among major entities. According to Arkham, the funds were moved from address 15oKQ7…i7Jf1G—associated with SpaceX—to a previously inactive wallet (bc1q8k…phartf). This is SpaceX’s first known outbound transfer since sending 3,505 BTC to Coinbase in 2022, then worth $102 million. SpaceX Still Holds 6,977 BTC—Now Worth Over $815 Million Even after the latest transaction, SpaceX’s…
Spot Bitcoin ETFs posted a net outflow of $131.35 million on Monday, ending a record-setting 12-day inflow streak that brought in $6.6 billion. The dip reflects profit-taking near recent highs, as institutional investors rebalance portfolios after an aggressive bullish run. Other notable outflows included Grayscale’s GBTC ($36.75M) and Fidelity’s FBTC ($12.75M), while Bitwise’s BITB and VanEck’s HODL saw smaller redemptions of $1.91M and $2.48M, respectively. Meanwhile, BlackRock’s IBIT—the largest Bitcoin ETF with $86.16B in assets—remained unchanged with no inflows or outflows. Institutional Rebalancing, Not Panic Selling According to Vincent Liu, CIO at Kronos Research, the withdrawal does not indicate panic…
ETH Price Surges After February Buy Call Ether (ETH) has climbed over 30% since February 4, when Eric Trump publicly encouraged investors to buy ETH. Despite volatility in the months following his post, ETH has recovered strongly and is now trading near $3,732, up from $2,877, delivering a significant unrealized profit for early buyers. On July 21, Trump responded to online critics, stating, “Up 35% in 5 months, Pal. Embrace volatility.” He also reminded followers that smart investors “bought the dips,” referencing ETH’s decline shortly after his call. Ether Faced Volatility But Rebounded Although ETH fell nearly 49% within four…