Bank of England (BOE) governor Andrew Bailey has issued a strong warning against the issuance of private stablecoins, emphasizing the potential risks to the financial system. Speaking to The Sunday Times, Bailey argued that tokenized bank deposits, rather than stablecoins, should be the UK’s preferred approach to integrating digital assets into the monetary system. UK Central Bank Opposes Private Stablecoin Models Bailey stressed that privately issued stablecoins could undermine monetary sovereignty. He cautioned that if banks or private firms begin issuing stablecoins widely, it could erode public trust and destabilize existing financial institutions. “Stablecoins could weaken the state’s ability to…
Author: Blockto Team
Michael Saylor, co-founder and executive chairman of Strategy, has signaled the company’s return to Bitcoin accumulation following a one-week pause. After 12 consecutive weeks of BTC purchases, Strategy had temporarily halted buying, raising questions about its near-term strategy. Now, the company appears ready to resume aggressive acquisition of Bitcoin starting this week. Latest Bitcoin Purchase Timeline Strategy last bought 4,980 BTC on June 30, spending approximately $532 million, at an average price of around $106,807 per coin. This brought Strategy’s total holdings to 597,325 BTC, now valued at over $70.9 billion at current prices near $118,000. “Some weeks, you don’t…
In 2025, Bitcoin’s ownership structure has become more layered and strategic. From exchange giants and corporate treasuries to sovereign reserves and early adopters, the distribution of BTC reveals both centralized wealth and growing mid-tier participation. Largest Bitcoin Wallets in 2025: Exchanges Lead the Pack At the top of the rich list are cold wallets managed by crypto exchanges, used to safeguard user funds and platform liquidity. These exchange-held wallets represent more than 5% of total BTC supply, making them key players in daily liquidity and market structure. Strategy (MicroStrategy) Holds the Most Bitcoin Among Companies Rebranded as Strategy, the firm…
CZ Fuels Speculation Around Coinbase’s Role in USD1 Allegations In a striking development in the crypto industry, Binance co-founder Changpeng “CZ” Zhao has amplified allegations that Coinbase may be the anonymous source behind Bloomberg’s recent report on Trump’s stablecoin initiative, USD1, and its ties to Binance. The allegations surfaced via a post from crypto commentator Matt Wallace, which CZ reposted on social media without confirming or denying its content. Wallace claimed that Coinbase executives feared a full comeback of Binance in the U.S. could harm their market dominance — prompting an alleged attempt to discredit both Binance and Trump’s crypto…
Bitcoin has broken the $119,000 threshold, reaching a fresh all-time high. This milestone highlights an ongoing institutional-led surge, underpinned by massive ETF inflows, technical momentum, and bullish economic indicators. Bitcoin Price Action: From Stability to Surge Above $119K As of July 13, 2025, Bitcoin trades around $118,930, with intraday highs near $119,130 and lows near $117,041 . This move—driven by a 26% gain year-to-date—shows growing investor confidence and shifts in supply dynamics. Fuel Behind the Breakout: ETF Inflows & Market Dynamics A wave of spot Bitcoin ETF inflows has powered this rally. U.S.-listed BTC ETFs saw over $1 billion in…
Dogecoin (DOGE) experienced a mild pullback in the last 24 hours, reflecting the overall cautious tone in the broader cryptocurrency market. Despite recent gains, DOGE recorded a decline of approximately 2.3%, slipping from an intraday high of $0.2023 to a low of $0.1931, before settling near $0.1974 at the time of writing. Dogecoin Daily Trading Range and Market Cap Over the past 24 hours, Dogecoin traded within a range of $0.1931 to $0.2023, showcasing moderate volatility. This range reflects natural market fluctuations, especially after a strong weekly uptrend. Dogecoin’s market capitalization currently stands at approximately $29.6 billion, maintaining its position…
Thousands of UK savers are at risk of losing their investments after a $2.7 million shortfall was discovered at Ziglu, a British cryptocurrency fintech now under special administration. The collapse raises serious questions about crypto regulation and the safeguarding of investor funds. Ziglu Suspends Withdrawals, Freezes Customer Funds Ziglu entered administration after suspending withdrawals in May 2025. The platform, which had attracted around 20,000 customers, marketed its “Boost” product as a high-yield investment tool, offering returns of up to 6% during a period of low interest rates. However, the product was not ring-fenced or protected, meaning customer deposits were used…
Ethereum (ETH) experienced a relatively stable trading session over the past 24 hours, with price fluctuations reflecting a broader consolidation across the crypto market. After briefly touching an intraday high of $2,976, the price faced mild selling pressure and is currently trading near $2,957, representing a 0.5% decline from its previous day’s close. Ethereum Trading Range and Market Statistics During this period, Ethereum traded within a narrow band between $2,908 and $2,976, suggesting reduced volatility after recent upward momentum. This range highlights a short-term equilibrium between buyers and sellers as market participants await a new catalyst. Ethereum’s market capitalization stands…
$0xGasless (0XGAS) 24‑Hour Price Review In the past 24 hours, 0xGasless (XDG) experienced significant fluctuation. The token opened near $1.21, dropped to a low of $0.963, and closed around $0.99, reflecting a ~18% decline over the day. Such a sharp fall indicates strong sell‑side pressure, likely driven by short‑term profit-taking after recent highs. Volume & Market Cap Dynamics Trading volume saw a modest uptick, totaling between $64K–$68K across major venues like Uniswap V2 CoinGecko+1CoinStats+1. The market cap now stands around $10‑11 million, with a circulating supply of 9.5–11 million tokens. These metrics suggest continued, healthy participation but a tilt toward…
Kenya has officially launched its national digital token, KenyaNDT, leveraging the Solana blockchain as part of a broader push to modernize its digital economy. The announcement was made by Cabinet Secretary for ICT, William Kabogo, aligning the initiative with Kenya’s national digital transformation strategy. KenyaNDT on Solana: A Public Blockchain Move Unlike many state-backed digital currencies that rely on permissioned or private chains, KenyaNDT is deployed on Solana, a public blockchain known for high-speed transactions and low fees. This marks a significant step in promoting open access and inclusivity in digital asset infrastructure. Solana (SOL), the underlying blockchain, is showing…