In a historic move, President Donald Trump has officially signed the GENIUS Act into law, establishing the first comprehensive federal regulatory framework for dollar-backed stablecoins in the United States. The new legislation aims to redefine the U.S. position in global cryptocurrency policy while boosting the nation’s leadership in blockchain innovation. Stablecoin Legislation Signals a Turning Point in U.S. Crypto Policy The GENIUS Act (short for Guiding the Economy with National Innovation and Uniform Standards) introduces clear regulatory guidelines for issuing and operating dollar-backed stablecoins. This move addresses longstanding uncertainty in the crypto space and is expected to attract increased institutional…
Author: Blockto Team
Block Inc, the financial services company founded by Jack Dorsey, is officially joining the S&P 500, marking a significant moment for both the company and the broader cryptocurrency industry. The company will replace Hess Corporation in the index starting this week, reflecting Block’s rising influence in the fintech and crypto sectors. Block Inc Meets S&P 500 Criteria After Sustained Growth To qualify for inclusion in the S&P 500, a company must have a market capitalization exceeding $18 billion, at least 10% of shares in public float, and positive earnings over the past four quarters. Block has met all these benchmarks,…
Dogecoin (DOGE) rebounded strongly in the latest trading session, recovering from a sharp mid-session dip to close with an 8% gain. The cryptocurrency moved within a volatile range between $0.2267 and $0.2560, with bulls regaining momentum and reclaiming the key $0.25 resistance level. DOGE Recovers 8% After Touching $0.2267 Session Low Between July 18 and July 19, DOGE saw heavy selling pressure, briefly falling to a low of $0.2267. However, a sharp reversal in the final hours of the session pushed prices up to a high of $0.2561, closing at $0.2533. This aggressive recovery was accompanied by a surge in…
Bullish, a global digital asset exchange, has formally filed with the U.S. Securities and Exchange Commission (SEC) to launch an initial public offering (IPO). The Cayman Islands-based firm aims to list its shares on the New York Stock Exchange (NYSE) under the ticker symbol “BLSH.” Bullish Targets U.S. Markets With IPO Registration In a regulatory filing submitted Friday, Bullish Global revealed plans to offer ordinary shares publicly in the U.S. Although the exact share count and pricing range have yet to be disclosed, underwriters have been granted a 30-day option to purchase additional shares, a common clause designed to stabilize…
Litecoin (LTC) surged over 10% on July 18, 2025, reaching an intraday high of $111.40, following a groundbreaking announcement by MEI Pharma, a Nasdaq-listed biotech company. The firm revealed plans to raise $100 million via a private stock sale to fund a bold Litecoin treasury strategy, potentially making it the first public company to adopt LTC as a primary reserve asset. $100 Million Investment Signals Institutional Confidence in Litecoin MEI Pharma will sell approximately 29.2 million shares at $3.42 each through a private investment in public equity (PIPE) offering, expected to close around July 22. Upon completion, 100% of the…
Michael Saylor’s Strategy—the company formerly known as MicroStrategy and a pioneer in corporate Bitcoin (BTC) accumulation—is facing a growing wave of securities fraud lawsuits, but legal experts say many of them may go nowhere. As of mid-July 2025, at least seven U.S. law firms have filed class action complaints alleging that Strategy misled investors by overstating expected profits from its Bitcoin strategy and understating the risks and volatility. But legal analysts say the cases may take years to resolve—or may not succeed at all. What the Lawsuits Claim The complaints largely center around Strategy’s $5.9 billion unrealized loss on its…
As Bitcoin ETFs gain momentum, a critical shift is emerging in how investors hold Bitcoin. The traditional mantra of “Not your keys, not your coins”—a foundational principle of crypto sovereignty—is facing real-world disruption. Bitcoin Self-Custody Is Declining Post-ETF Boom Since the approval of spot Bitcoin ETFs in January 2024, on-chain data shows a sharp decline in self-custody behavior: “Since spot ETFs became available, the growth rate of self-custody users has been in decline,” noted analyst Willy Woo. This shift suggests many investors are choosing ETF exposure over managing cold wallets or private keys—trading control for convenience. Bitcoin ETFs Open Doors…
Shiba Inu (SHIB) has witnessed a sharp uptick in momentum, climbing over 5% in 24 hours and crossing above the 200-day simple moving average (SMA)—a major technical milestone not seen since January 2025. The breakout is backed by an explosive spike in trading volume, reaching a staggering 4.88 trillion SHIB during early trading hours on July 18. 4.88 Trillion SHIB Volume Fuels Breakout Between 01:00 and 05:00 UTC on July 18, SHIB’s price surged from $0.00001459 to $0.00001560, powered by volume levels that were more than 3x higher than the 24-hour average of 1.46 trillion SHIB. Exchange Reserves Hit Multi-Year…
A recent International Monetary Fund (IMF) report has raised eyebrows in the global crypto community by stating that El Salvador has not purchased any new Bitcoin since signing a $1.4 billion loan deal in December 2024. The finding starkly contrasts with El Salvador’s own messaging, which has consistently claimed that the government is accumulating one BTC per day. El Salvador’s Bitcoin Office claims to be stacking Bitcoin every day According to the IMF, El Salvador’s public sector Bitcoin holdings remain unchanged since the loan agreement took effect. The report also clarifies that: 🇸🇻 Bitcoin Office Claims Daily Purchases Continue Despite…
Cosmos (ATOM) has extended its upward trend, hitting a two-month high above $5.00, supported by increasing investor interest in interoperability-focused altcoins. Despite short-term intraday volatility, ATOM has held key support levels, suggesting a solid bullish foundation heading into the weekend. Strong Support at $4.69 Confirms Accumulation On July 18, ATOM held firm at the $4.69 support zone, backed by heavy trading volume during a critical rebound at 20:00 UTC. This level has now become a technical anchor point, signaling continued confidence in the asset among institutional buyers and long-term holders. Volume spikes above 3 million units at 01:00, followed by…