The crypto market is witnessing a historic surge in institutional demand, with US spot Ether ETFs posting a record $717 million net inflow on Wednesday. This massive influx comes as altcoins rally, signaling growing investor confidence in Ethereum (ETH) and the broader decentralized finance (DeFi) ecosystem. BlackRock and Fidelity Lead Ether ETF Inflows According to preliminary data, BlackRock’s iShares Ethereum Trust (ETHA) dominated inflows, contributing $489 million—a single-day record for the fund. Fidelity’s Ethereum Fund (FETH) followed with $113 million, marking the second-highest daily inflow. This surge eclipsed the previous record of $428 million set on December 5, 2024, showcasing accelerating institutional adoption. Ether ETFs Now Hold Over 4% of Circulating ETH Supply The collective holdings of US spot Ether ETFs have…
Author: Blockto Team
Internet Computer (ICP) is showing resilience after a sharp 7% move that aligned with a broader cryptocurrency market rally. The altcoin climbed from $5.28 to a high of $5.66 before settling into a consolidation phase above key support levels. ICP Price Surges With Altcoin Momentum Over the 24-hour period between July 15 at 15:00 UTC and July 16 at 14:00 UTC, ICP gained 7%, fueled by increased interest in altcoins as Bitcoin and Ethereum led a fresh market-wide breakout. The price action saw ICP peak at $5.66 before entering a tight consolidation range. The token stabilized between $5.50 and $5.58,…
In a bold move to reshape the crypto user experience, Coinbase has rebranded its Coinbase Wallet into the Base app, aiming to become a crypto-native “everything app.” This transformation aligns Coinbase with tech giants venturing into super app territory, integrating social media, trading, payments, and mini-apps into a single platform. Base App Combines Wallet, Social Media, and Payments The Base app was officially unveiled at the “A New Day One” conference in Los Angeles. Coinbase described the app as a complete digital ecosystem built on its Ethereum layer-2 blockchain, Base. It’s currently in beta with a waitlist, reflecting Coinbase’s gradual…
The debate around Federal Reserve Chair Jerome Powell’s job security has intensified in recent days, following increasing criticism from both political and economic circles. Speculation is mounting that the White House may be moving closer to firing Powell ahead of the 2026 end of his term. Trump Administration’s Tensions With the Federal Reserve Former President Donald Trump, now back in the White House, has made no secret of his frustration with Powell’s monetary policy stance. Although Powell cut interest rates by 75 basis points before the 2024 election, the chairman has since resisted further rate cuts. His concern: that loosening…
As cryptocurrency gains traction in global elections, UK officials are taking a more cautious approach. In a recent statement, Cabinet Office Minister Pat McFadden raised serious concerns about the traceability and foreign influence risks of crypto donations in political campaigns. UK Calls for Stricter Regulation on Political Fundraising During a parliamentary session, McFadden responded to questions from Labor MP Liam Byrne by stating that there’s a strong case for banning crypto donations in UK politics. He emphasized that public trust in political financing hinges on knowing where donations come from, who is behind them, and whether donors are properly registered.…
The Toncoin (TON) network is attracting renewed investor interest following the successful launch of the TAC mainnet, which could become a game changer for Ethereum Virtual Machine (EVM) integration within Telegram. This development has the potential to send TON price to $3.50, according to early technical indicators and market sentiment. TAC Mainnet Unlocks DApps Within Telegram The launch of the TAC mainnet on Tuesday enables Telegram’s 1 billion users to access EVM-compatible decentralized applications (DApps) directly within the messaging app. This reduces the technical barrier for Web3 adoption, allowing seamless interaction with DeFi, NFTs, and GameFi—without needing to leave Telegram.…
The ongoing trial of Tornado Cash developer Roman Storm has entered a critical phase, with multiple testimonies from hack victims highlighting the platform’s lack of support after major crypto exploits. The courtroom drama has stirred fresh debates over the accountability of developers behind decentralized protocols. Government Witnesses Say Victims Were Ignored On day two of the trial, prosecutors presented testimony from three key witnesses. Each detailed attempts to seek assistance from the Tornado Cash team after being targeted by various scams and hacks. These included: In each case, the witnesses claimed they received no meaningful assistance from Roman Storm or…
Trump Media & Technology Group (TMTG) has taken a bold step into the world of artificial intelligence, filing two new AI-related trademarks aimed at expanding its social media platform, Truth Social. This move signals the company’s intention to offer what it calls “reliable information” and “non-woke news”, further distinguishing the platform in a crowded digital landscape. Truth Social AI: A New Direction for Conservative Tech The new trademark applications—“Truth Social AI” and “Truth Social AI Search”—were submitted to the U.S. Patent and Trademark Office as part of a broader effort to integrate AI into the Truth Social experience. According to…
In a significant strategic shift, Cosmos (ATOM) has officially abandoned its efforts to develop Ethereum Virtual Machine (EVM) compatibility. Instead, the team has doubled down on its core strength—interoperability through the Inter-Blockchain Communication (IBC) protocol. This move has already impacted investor sentiment, pushing the ATOM price up by 4% over the past 24 hours. Cosmos Focuses on Inter-Chain Communication Cosmos executives confirmed that resources previously allocated to EVM development will now be focused on advancing IBC, the protocol that allows sovereign blockchains within the Cosmos ecosystem to communicate and transfer assets. This strategic focus reinforces Cosmos’ identity as an independent…
PEPE, the popular frog-themed memecoin, surged over 6% in the past 24 hours, supported by strong trading activity and resilient price defenses near key support levels. Volatility Meets Strong Buyer Interest PEPE’s price moved sharply between $0.00001198 and $0.00001308, reflecting a highly volatile 9% intraday range. Despite the swings, buyers consistently stepped in around $0.00001260, defending the token from deeper pullbacks. This level acted as a reliable support zone throughout the trading session. According to technical models, resistance remains at $0.00001286, a level where algorithmic trading systems triggered two sharp reversals on above-average volumes. Still, firm bids held around $0.00001282,…