China Merchants Bank International (CMBI) has made headlines as the first Mainland China-backed brokerage to receive a virtual asset license from Hong Kong’s Securities and Futures Commission (SFC)—marking a key milestone in the region’s evolving approach to regulated crypto services. CMBI Gains Regulated Entry Into Hong Kong’s Crypto Market The license, issued on July 15, 2025, grants CMBI the right to offer virtual asset trading, custody, and advisory services in Hong Kong. This approval reinforces the city’s ambition to become a regulated hub for digital assets, offering clarity for both institutional players and retail investors. According to reports, this move…
Author: Blockto Team
The broader cryptocurrency market is seeing a resurgence in risk appetite, and altcoins are leading the charge. As Bitcoin remains steady above key psychological levels, a wave of capital rotation is pushing major altcoins like Ethereum (ETH), Solana (SOL), and XRP higher, reflecting renewed investor confidence in non-Bitcoin digital assets. Ethereum Eyes $3,400 Amid Breakout Momentum Ethereum (ETH) has broken out of a multi-week consolidation triangle and now targets $3,400, backed by a strong surge in trading volume and momentum indicators. The 14-day RSI remains firmly above 70, confirming bullish strength. Additionally, the ETH/BTC ratio has jumped over 6%, indicating…
U.S. federal agents have confiscated over $10 million in cryptocurrency linked to the Sinaloa cartel, in one of the largest drug enforcement actions of 2025. The operation, spearheaded by the Drug Enforcement Administration (DEA) in coordination with the Federal Bureau of Investigation (FBI), also led to the dismantling of multiple methamphetamine labs and the arrest of several high-profile operatives nationwide. The cryptocurrency seizure, conducted in Miami, Florida, reflects an evolving strategy targeting digital finance used in international narcotics trafficking. The funds were linked to cross-border money laundering networks tied to synthetic opioid and meth distribution channels. Massive Drug Seizures and…
Ethereum (ETH) is gaining strong bullish momentum, with technical indicators now pointing to a possible breakout toward $3,400, even as XRP flashes signs of caution after printing a potentially bearish candlestick pattern. Bitcoin Clears Channel Resistance, Eyes All-Time Highs Bitcoin (BTC) has reclaimed upward momentum after breaking out of a descending channel. A higher low formed at $117,000 marks a key bullish inflection point. Price has moved above the Guppy multiple moving average and is approaching the Ichimoku cloud, indicating further upside potential. Open interest on perpetual futures has climbed to a two-year high across major exchanges, while funding rates…
Over 50% of U.S. States Show Congressional Support for Blockchain As momentum builds in Washington during the highly anticipated “U.S. Crypto Week,” a new report highlights that Arizona, Texas, and Utah are currently leading the nation in cryptocurrency regulation and blockchain innovation. According to Chainlink and the Blockchain Association’s “Tokenized in America” research report, these three states have achieved “Trailblazer” status in shaping proactive digital asset policies. The analysis scored each state on six critical factors: government blockchain pilot programs, pro-crypto task forces, congressional backing, blockchain job concentration, strategic Bitcoin reserve plans, and membership in the North American Blockchain Association…
XRP is consolidating beneath the critical $3.00 resistance, forming higher lows and building a potential bullish setup ahead of the highly anticipated ProShares XRP Futures ETF, which is set to launch on July 18. The token closed at $2.89 on July 16, gaining 1.8% despite multiple failed breakouts above key resistance at $2.93. Over the last 24 hours, XRP traded within a 4.08% range between $2.82 and $2.93, showing strength in its support zone around $2.85, where treasury desks and market makers actively stepped in. $2.93 Resistance Holds Despite Repeated Tests Attempts to break above $2.93 were rejected four times…
Five of Six Convertible Notes Now Deep in the Money Amid Bitcoin Gains The value of Strategy’s $8.2 billion in convertible debt has surged, now trading at a $5.2 billion premium, as the company’s common stock approaches its all-time high near $543. With bitcoin (BTC) holding steady around $119,000, investor sentiment toward Strategy’s long-term crypto-driven strategy appears to be regaining traction. At present, five out of six of the firm’s convertible notes are trading deep in the money, a term used when the company’s share price exceeds the bond’s conversion price. These bonds, which convert into equity if the underlying…
DOGE Rallies 5% on Breakout Volume, Eyes $0.21 Extension Dogecoin (DOGE) is showing signs of a bullish continuation pattern, gaining over 5% in 24 hours to touch $0.200 before facing short-term resistance. The move came amid a surge in trading volume, as market participants rotated into high-volatility meme assets ahead of this week’s macroeconomic events. DOGE rose from $0.190 to $0.200, marking a 5.48% intraday gain with price action contained within a $0.011 range. The final trading hour saw a minor pullback, ending the session at $0.198 — just below key resistance. Breakout Confirmed Above $0.195 on Strong Volume Two…
Security Breach Hits Hot Wallets; Investigations Underway On July 16, 2025, crypto exchange BigONE confirmed a $27 million breach, caused by a targeted attack on its hot wallet infrastructure. Despite the severity of the exploit, the platform has pledged full compensation to affected users, assuring that all customer balances remain secure. According to BigONE’s official statement, the breach was detected swiftly following abnormal withdrawal activity. The exploit was isolated, with no compromise to cold wallets or private keys. Operations have been partially restored, with deposits and trading set to resume within hours, while withdrawals remain temporarily suspended to enhance security…
ETH Surges Past $3,100 While ETH/BTC Ratio Posts Best Gain Since May Ethereum (ETH) is significantly outperforming Bitcoin (BTC) this week as the U.S. Congress edges closer to passing the GENUIS Act — legislation expected to ban yield-bearing stablecoins. As regulatory uncertainty mounts for tokenized interest products, investors appear to be rotating capital back into Ethereum, whose underlying ecosystem powers many decentralized financial services. The ETH/BTC trading pair rose nearly 6% to 0.02670, its best single-day performance since May 13, according to data from TradingView. Meanwhile, ETH’s price climbed over 4%, breaking above the $3,100 level for the first time…