BlockFi Reaches Settlement in Crypto Asset Transfer Case BlockFi, the bankrupt cryptocurrency lender, has reached a settlement with the U.S. Department of Justice (DOJ) to dismiss a $35 million lawsuit involving a crypto asset transfer dispute. The agreement brings an end to a legal conflict that had been ongoing since May 2023. The case stemmed from DOJ efforts to seize funds linked to foreign nationals involved in fraud—separate from BlockFi’s bankruptcy. The DOJ claimed it had warrants to seize the crypto assets from accounts held by two Estonian citizens, citing criminal activity unrelated to BlockFi itself. Lawsuit Dismissed with Prejudice…
Author: Blockto Team
Bitcoin (BTC) surged past $120,000 this week, marking a significant milestone in the ongoing crypto bull market. The price movement was supported by strong inflows into U.S.-based spot Bitcoin ETFs, corporate treasury purchases, and tight supply conditions. Institutional investors continue to accumulate BTC, creating consistent upward pressure on price. Analysts now suggest that Bitcoin could reach $130,000 if the $120K–$122K resistance zone is decisively broken. Ethereum Gains Momentum with Price Approaching $3,000 Ethereum (ETH) followed closely behind Bitcoin’s rally, climbing over 17% in the past seven days. ETH briefly crossed $3,000, driven by increased capital flows from institutions and traders…
DOGE’s Failed Breakout at $0.213 Signals Caution, but Momentum May Not Be Over Dogecoin (DOGE) saw a strong intraday rally on Friday, surging 8.6% to a high of $0.213, before retracing gains to close at $0.202. The move came amid a broader crypto rally, driven by record-breaking Bitcoin ETF inflows and improving macroeconomic sentiment. But despite the early strength, DOGE couldn’t hold above resistance at $0.213, as large holders appeared to lock in profits, triggering a sharp pullback late in the session. Key Takeaways: What’s Driving DOGE? Dogecoin followed Bitcoin’s breakout above $118,000, a move that sent risk-on assets flying.…
Analysts Predict Massive Altcoin Rally if BTC Dominance Falls to 45% Despite Bitcoin hitting new all-time highs this week — surging to $118,760 — it’s the altcoin market that’s grabbing attention. Crypto analyst Matthew Hyland noted on Friday that altcoins are “ripping” even though Bitcoin Dominance (BTC.D) has barely moved. “BTC dominance hasn’t even sneezed,” Hyland said, pointing out that it still hovers around 64.6%, just slightly down from last week. Altcoin Gains Outpace Bitcoin While BTC.D Remains High Historically, a decline in BTC dominance indicates the beginning of a full-fledged altcoin season, where capital rotates out of Bitcoin and…
Historic Week for Bitcoin ETFs as Demand Skyrockets In a landmark moment for crypto investment vehicles, U.S. spot Bitcoin ETFs have recorded over $1 billion in inflows on two consecutive days — a first since their debut in January 2024. According to data from Farside Investors, $1.17 billion poured into the ETFs on Thursday, followed by another $1.03 billion on Friday. This brings the weekly total to a staggering $2.72 billion, coinciding with Bitcoin’s breakout to a new all-time high of $118,780. Demand Outpaces Supply: 22x More Bitcoin Bought Than Mined The surge in inflows has significantly outpaced Bitcoin’s daily…
XRP Price Surges 8% Amid Whale Buying and Bullish Market Structure XRP, the native token of the Ripple network, has seen a sharp price rally over the past 24 hours, jumping from $2.58 to a peak of $2.96 before settling near the $2.78–$2.80 range. This 8% gain has reignited investor interest, with analysts and traders now watching the key $2.90 to $3.40 resistance zone for a potential breakout. Whale Positions and Leverage Spark Momentum On-chain and derivatives data indicate a significant whale-driven move. A single $14 million leveraged long position was opened on Hyperliquid, a popular crypto derivatives platform, at…
French Prosecutors Target X Over Foreign Interference Concerns The French Public Prosecutor’s Office has officially opened a criminal investigation into X (formerly Twitter) over concerns that its algorithm may have been manipulated to influence public opinion and extract user data improperly. The probe, announced Friday by Magistrate Laure Beccuau, follows formal complaints submitted to the Paris cybercrime division in January 2025 by MP Éric Bothorel and a senior unnamed French government official. Bothorel alleged the platform was being used to push Elon Musk’s political views through algorithmic bias, prompting concerns about foreign interference and data exploitation. J3 Cybercrime Unit to…
Political Divide Over Cryptocurrency Legislation Deepens in Congress As House Republicans prepare for a high-stakes “Crypto Week” starting July 15, key Democrats have launched a counter-effort dubbed “Anti-Crypto Corruption Week,” aiming to block what they describe as risky and industry-driven legislation. The move follows the Republican push to pass three major crypto bills: Waters and Lynch Lead Democratic Resistance Rep. Maxine Waters, ranking member of the House Financial Services Committee, and Rep. Stephen Lynch, digital assets subcommittee leader, are spearheading the Democratic opposition. In a joint statement, they warned that these bills could undermine consumer protections and open the door…
XRP Rallies to $2.80 as Whale Activity Reaches Unprecedented Levels XRP has entered a powerful bullish phase, posting a 26% gain over the past seven days and surging 10% in the last 24 hours, according to real-time data from CoinMarketCap. The rally comes as new on-chain data reveals a record number of XRP whale wallets, signaling growing confidence among large investors. Santiment data confirms that 2,743 wallets now hold at least 1 million XRP tokens, the highest count ever recorded for the asset. 47.32 Billion XRP Held by Whales Signals Accumulation Trend In addition to the rise in whale wallet…
U.S. House Set to Vote on Major Crypto Legislation The week of July 14–18, 2025, has been officially dubbed “Crypto Week” on Capitol Hill, as the U.S. House of Representatives prepares to vote on three critical bills that could shape the future of digital assets in the country. Among these are the Digital Asset Market Clarity Act, the GENIUS Act for stablecoin regulation, and the Anti-CBDC Surveillance Act. These bills represent the most comprehensive legislative push on crypto regulation in U.S. history, with bipartisan support paving the way for their likely passage. The GENIUS Act: Stablecoin Framework Nears Final Approval…