$10 Million Investment in Decentralized AI by TAO Synergies In a bold move highlighting the intersection of cryptocurrency and artificial intelligence, TAO Synergies (TAOX) has acquired $10 million worth of Bittensor’s TAO tokens, making it the largest publicly traded holder of the asset. The New York-based company, previously known as Synaptogenix, purchased 29,899 TAO tokens at an average price of $334. This strategic investment marks a growing corporate shift toward decentralized AI ecosystems, diverging from the traditional focus on Bitcoin and Ethereum for treasury holdings. Bittensor Network to Benefit from Token Staking TAO Synergies has announced plans to stake its…
Author: Blockto Team
Cardano’s IOG Treasury Audit Nears Completion Cardano founder Charles Hoskinson has confirmed that the much-anticipated audit report of Input Output Global’s (IOG) ADA holdings is close to completion and is expected to be released publicly by mid-August 2025. In a statement shared on social media, Hoskinson said he had received the initial draft of the audit and has requested additional transparency and detail in several sections. “It’s shaping up quickly,” he noted, indicating that the timeline remains on track barring any unexpected delays. Audit Initiated After $600 Million ADA Allegation The move toward transparency follows earlier allegations that $600 million…
Current Price and Market Cap Trends The $GRAY token—the utility token powering the Gradient off‑market trading network—is currently trading near $1.80, reflecting a +5–6% gain in the past 24 hours . Market metrics show: $GRAY’s Price Activity and Volatility Over the past day, $GRAY has risen approximately 5.3%, from a low near $1.71 to a high of $1.82 . This uptick follows a mild correction over the past week (‑7% on 7‑day basis) . Such short‑term gains suggest renewed investor interest in the token’s trading utility and protocol role, especially following its recent ATH. The strong volume further reinforces trader…
$AVM Market Performance Overview In the past 24 hours, the $AVM token experienced noticeable price fluctuations, reflecting both speculative activity and shifting sentiment in the broader altcoin market. At the time of writing, $AVM is trading around $0.021, showing a 3.7% intraday decline, according to the most recent decentralized exchange data. Despite the pullback, $AVM maintains a weekly gain of over 8%, signaling continued investor interest. Trading volume in the last 24 hours exceeded $4.2 million, suggesting moderate liquidity and active short-term participation. AVM Price Action and Technical Indicators The short-term price action (PA) shows resistance forming near the $0.0235…
Concerns Rise Over Centralized Control in Stablecoin Regulation The recently signed GENIUS Act, hailed as the first major U.S. crypto legislation, is now facing growing backlash from lawmakers and crypto experts. Critics argue that the bill opens the door to a central bank digital currency (CBDC) by another name, hidden behind the veil of regulated stablecoins. Congresswoman Marjorie Taylor Greene called the bill a “backdoor CBDC”, warning that it enables government control over digital financial transactions through regulatory frameworks imposed on stablecoin issuers. Are Regulated Stablecoins Functionally Equivalent to CBDCs? Many in the crypto industry argue that regulated stablecoins already…
Avalanche’s AVAX Outperforms Crypto Market in July The price of Avalanche’s AVAX token has surged 30% over the past 30 days, showing strong momentum and outperforming both Bitcoin and the broader crypto market. During the same period, Bitcoin gained approximately 13.4%, a benchmark for major digital assets, rose by 30.1%. AVAX’s performance signals renewed confidence in the Avalanche ecosystem, driven by increasing trading volume and a rebound in decentralized finance (DeFi) activity on the network. Breakout From Descending Channel Indicates Bullish Reversal According to recent technical analysis, AVAX has broken out of a multi-month descending channel, a chart pattern often…
In a landmark moment for digital finance, U.S. President Donald Trump signed the GENIUS Act into law on Friday, officially making it the first major cryptocurrency legislation in the country’s history. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act lays the groundwork for a regulatory framework governing stablecoins, digital assets pegged to fiat currencies such as the U.S. dollar. This new law signifies a turning point for crypto regulation in the United States, bringing federal agencies such as the Federal Reserve and the Office of the Comptroller of the Currency into more active roles within the digital…
Bitcoin ETFs Record 12 Straight Days of Inflows Spot Bitcoin ETFs have recorded an impressive $6.6 billion in inflows over the last 12 days, signaling strong institutional demand and growing confidence in BTC’s long-term potential. On Friday alone, net inflows totaled $363 million, marking the twelfth consecutive day of positive momentum. The highlight of the day was BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $496.75 million, boosting its assets under management to $86.50 billion. This solidifies IBIT’s lead as the largest spot Bitcoin ETF in the market. Mixed Flows Among Top ETF Providers While BlackRock posted gains, other major funds…
Stellar (XLM) May Follow XRP’s Price Rally This past week, Stellar (XLM) attracted renewed investor attention after XRP surged to a new yearly high of $3.60, marking a nearly 20% jump in 24 hours. Analysts now believe XLM could mirror XRP’s momentum, driven by its close association with cross-border payments and increasing interest in utility-driven crypto assets. XLM’s price structure shows signs of building bullish momentum, and technical indicators are aligning for a possible breakout. With XRP grabbing headlines, traders are turning to Stellar as the next major altcoin to rally. Trump Signs GENIUS Act, Giving Major Boost to Crypto…
Global Macroeconomic Drivers Reshaping Bitcoin Market Cycles Renowned venture capitalist Tim Draper believes that macroeconomic trends are overtaking the traditional four-year Bitcoin halving cycle, historically known for triggering major bull runs. In a recent interview, Draper emphasized that the decline of the US dollar and rising fiat inflation are fueling a global shift toward Bitcoin as a reliable store of value. “Between 10–20 years from now, the dollar will be extinct,” Draper said. He called this shift an “anthropological leap forward” in how value is stored and transferred worldwide. Bitcoin Becomes a Hedge Against Fiat Inflation and Poor Governance As…