The U.S. Securities and Exchange Commission (SEC) has once again postponed a key ruling—this time regarding in-kind redemptions for Bitwise’s spot Bitcoin and Ether ETFs on the NYSE Arca exchange. The decision, originally due this month, has now been pushed further under the agency’s standard 90-day review window. What Are In-Kind Redemptions and Why They Matter In-kind redemptions allow investors to redeem ETF shares for the actual underlying assets—in this case, Bitcoin (BTC) or Ether (ETH)—instead of cash. This structure is already common in traditional finance but is still in limbo for crypto ETFs. This model could reduce taxable events…
Author: Blockto Team
In a major move for blockchain infrastructure, Plasma has announced a $50 million token sale, giving the EVM-compatible Bitcoin sidechain a valuation of $500 million. The ambitious network aims to reshape stablecoin transactions by eliminating transaction fees—starting with USDT (Tether). What Is Plasma Blockchain and Why It Matters Plasma is an EVM-compatible Bitcoin sidechain designed to offer zero-fee stablecoin transfers. By combining the security of Bitcoin with the smart contract capabilities of Ethereum, Plasma introduces a novel solution for crypto payments. The network already holds over $1 billion in stablecoin liquidity and plans to expand further with the help of…
RippleX developers have introduced a new draft metadata standard for multipurpose tokens (MPTs) on the XRP Ledger, known as XLS-0089d, aimed at improving discoverability, interoperability, and ecosystem support. This optional framework seeks to streamline how tokens are identified and categorized across wallets, indexers, and blockchain explorers without forcing compliance. What Is XLS-0089d and Why It Matters XLS-0089d defines a structured schema for token metadata on the XRP Ledger, enabling applications to better understand, classify, and present token-related information. The metadata, stored in a 1024-byte field, allows issuers to include essential on-ledger details such as: This structure creates a standardized foundation…
The Solana-based decentralized exchange (DEX) Raydium has reached a significant milestone by executing over $190 million in RAY token buybacks, highlighting a trend toward corporate-style capital allocation in the decentralized finance (DeFi) space. Raydium’s Strategic Token Repurchase Plan Since early 2024, Raydium has implemented a systematic buyback mechanism funded by protocol revenue, rather than relying on reserves or inflationary models. This initiative has resulted in the repurchase of 69.1 million RAY tokens, which represents approximately 25% of the total circulating supply. The current market price of RAY is around $2.99, placing the headline market capitalization near $800 million. However, when…
The latest U.S. jobless claims report revealed stronger-than-expected labor market data, showing a surprise drop in unemployment claims. While this is generally seen as a positive signal for the economy, its ripple effects across financial markets, especially cryptocurrencies, are nuanced and worth analyzing. Labor Market Strength Boosts Dollar Confidence The 227,000 jobless claims reported this week came in below the expected 235,000. This points to a resilient U.S. job market, fueling expectations that the Federal Reserve may delay interest rate cuts. A strong labor market reduces urgency for monetary easing, which can strengthen the U.S. dollar. A stronger dollar typically…
Roger Ver, one of the earliest and most prominent Bitcoin investors, is challenging Spain’s decision to extradite him to the United States, filing a formal case with the European Court of Human Rights (ECHR). The legal move aims to stop what Ver and his legal team argue is an unjust process initiated by the U.S. government. REFERENCE Legal Battle With the U.S. Over Tax Evasion Allegations The U.S. Department of Justice alleges that Ver committed tax fraud by failing to report over $240 million in capital gains from selling Bitcoin in late 2017. At the time, Ver was still a…
Ethereum (ETH) surged over 8% in the past 24 hours, spearheading a broader crypto market rally as investors rotate into altcoins while Bitcoin consolidates near recent highs. With macro conditions easing and ETF flows staying strong, ETH is now within striking distance of its all-time high, fueling speculation of a bullish breakout in Q3. Ethereum Climbs to $3,340, Up 20% This Week Over the past seven days, Ether has gained more than 20%, trading above $3,340 on Thursday morning after a strong 8.1% daily move. Momentum has been fueled by cooling U.S. inflation data, a weakening dollar, and continued inflows…
As cryptocurrency matures from a speculative asset to a practical payment method, a new report reveals a clear generational and regional divide in how crypto is actually used. According to Bitget Wallet’s survey of 4,599 users, Gen Z is embracing crypto for everyday spending, while Gen X is making larger purchases with digital assets — a trend highlighting crypto’s increasing integration into the global financial ecosystem. Gen Z Embraces Crypto for Gaming, Travel, and Daily Essentials The report shows that 36% of Gen Z users spend crypto on gaming, with 35% using it for travel bookings and day-to-day purchases like…
Michael Saylor’s Strategy Inc. (MSTR) has surged to a record $128.5 billion market capitalization, climbing into the top 100 publicly traded U.S. companies as its bitcoin-focused transformation hits full stride. From a sub-$2 billion valuation just five years ago, the Virginia-based company has rebranded itself from a software firm into a high-leverage bitcoin proxy, fueled by aggressive equity raises and a bold treasury strategy. Key Highlights Bitcoin-Fueled Growth Strategy Strategy’s meteoric rise is tied to its aggressive accumulation of bitcoin, positioning it as the most prominent corporate holder of BTC. Since 2020, the company has raised tens of billions through…
The memecoin market is booming in 2025, and a new name is catching fire across the community: $EVA. With viral traction, strong early volume, and a growing base of supporters, $EVA is positioning itself as one of the hottest new tokens to watch on the Solana blockchain. What Is $EVA? $EVA is a Solana-based memecoin created for the culture — fast, lightweight, and designed for community engagement. Like DOGE and PEPE before it, $EVA rides on internet humor, meme energy, and grassroots momentum, but adds a modern twist by leveraging Solana’s high-speed, low-fee infrastructure. The token launched with a fair…