Shiba Inu (SHIB), the second-largest meme token by market capitalization, is capturing market attention once again. Over the past 24 hours, SHIB has risen 3%, reaching its highest level in nearly seven weeks. This price momentum is drawing bullish predictions from traders and analysts alike, primarily due to one major catalyst — its explosive burn rate. SHIB Outperforms Bitcoin This Month While Bitcoin (BTC) has seen a 13% monthly gain, Shiba Inu has jumped over 20% in the same timeframe. This outperformance is notable considering the broader market’s rally led by BTC crossing the $122,000 mark. Shiba Inu’s market capitalization…
Author: Blockto Team
Exchanges Fast-Tracked Listings Amid Surging Interest The TRUMP memecoin, associated with former U.S. President Donald Trump, has brought in over $172 million in trading fees for top crypto exchanges just six months after launch. The token’s performance highlights how political branding in crypto can drive massive trading activity — even amid controversy over centralization and investor risk. What stands out is the speed at which crypto exchanges listed TRUMP. On average, the top 10 centralized exchanges listed the token within four days of its launch, compared to the 129-day average for other major meme tokens such as PEPE, BONK, and…
Bitcoin Hits $120,000 as Fed Chair Powell Faces Increasing Political Pressure Bitcoin surged past the $120,000 mark over the weekend, coinciding with mounting calls for a change in leadership at the U.S. Federal Reserve. Market observers are closely watching developments in Washington, where the Trump administration appears to be intensifying efforts to replace Fed Chairman Jerome Powell. https://www.cnbc.com/2025/07/13/trump-can-fire-powell-if-theres-cause-hassett.html Why Is the White House Targeting Powell? The controversy centers around the Federal Reserve’s $2.5 billion renovation project, which is now under scrutiny from both political leaders and federal budget offices. Critics claim the scale and cost of the renovation are excessive…
The high-stakes trial of Roman Storm, co-creator of privacy protocol Tornado Cash, begins this week in Manhattan federal court. The case, closely watched by the crypto industry, could redefine developer liability for open-source software used in decentralized finance. A Developer or a Conspirator? Storm faces three federal charges: If convicted on all counts, Storm could face up to 45 years in prison. U.S. prosecutors allege that Tornado Cash, a crypto mixer, facilitated the laundering of over $1 billion in illicit funds, including transactions by North Korea’s Lazarus Group — a known state-sponsored hacking entity. The U.S. government views Storm and…
BONK, the Solana-based meme token, recorded a sharp 12% rally in the last 24 hours, following a major development: Grayscale Investments has added BONK to its institutional monitoring list. This move has triggered a wave of investor interest, hinting at a potential shift in how Wall Street views meme coins. Institutional Interest Fuels BONK Rally On July 13, around 15:00 UTC, BONK began gaining momentum. By 05:00 UTC on July 14, the token had surged from $0.0000250 to $0.0000281, before consolidating at $0.0000265, marking a 6.2% net gain. Grayscale’s decision to include BONK in its monitoring framework for potential fund…
Grayscale Investments, one of the most prominent digital asset managers in the world, has taken a significant step toward entering public markets. The firm has confidentially filed a draft registration statement (Form S-1) with the U.S. Securities and Exchange Commission (SEC), a move that signals its intentions to pursue an initial public offering (IPO). Confidential S-1 Filing Strategy Grayscale opted for a confidential submission, which allows companies to engage with regulators privately before making their IPO intentions public. This approach is often used to evaluate regulatory feedback and fine-tune offerings, while maintaining competitive secrecy until the final stages of preparation.…
ZIGChain (ZIG) has emerged as one of the notable performers in the altcoin space, posting a significant price increase of over 8.6% in the past 24 hours. The surge in price reflects growing investor interest and increasing volume across decentralized and centralized exchanges. $ZIG CHART ANALYSIS ZIGChain Price Performance As of the latest trading data, ZIG is priced at approximately $0.0975, climbing from a 24-hour low of around $0.0896. The token touched an intraday high of $0.0991, approaching the key psychological resistance level at $0.10. This upward movement reflects renewed confidence among retail and institutional traders. Trading Volume and Market…
SharpLink Gaming, a NASDAQ-listed sportsbook marketing company, has made a significant move in the crypto market, purchasing 16,370 ETH worth approximately $49 million. This acquisition comes as Ethereum’s price rebounds above the $3,000 mark, marking a critical point for corporate blockchain investments. SharpLink Now Holds the Largest Corporate Ether Treasury With this latest purchase, SharpLink Gaming’s total Ether holdings have reached 198,300 ETH, valued at roughly $608 million at current market prices. This vaults the company ahead of even the Ethereum Foundation, which holds an estimated 197,400 ETH. Of the total, 181,860 ETH is held in liquid staked ETH (LSETH),…
Ethereum’s recent surge to the $3,000 level has drawn the attention of hedge funds, but not in the usual direction. Despite the bullish price action, institutional traders are taking the opposite side—building a record short position on ETH futures listed on the CME exchange. $1.73 Billion in Short Positions: What the Data Shows According to the latest Commodity Futures Trading Commission (CFTC) disclosures, hedge funds now hold a $1.73 billion short position in Ethereum futures on CME. This makes ETH one of the most shorted digital assets by professional traders in mid-2025. The build-up of shorts does not necessarily indicate…
The world’s largest corporate holder of Bitcoin has done it again. As Bitcoin surged past $118,000 last week, Strategy (Michael Saylor’s firm) revealed a new investment of $472.5 million in BTC — further cementing its dominant position in the digital asset landscape. New Bitcoin Purchase Adds Over 4,200 BTC In a regulatory filing submitted to the U.S. Securities and Exchange Commission, Strategy confirmed the acquisition of 4,225 BTC at an average price of $111,827 per coin. This latest buy occurred as Bitcoin jumped from $108,000 to $118,000 during the same week, underscoring the company’s ongoing conviction in BTC as its…