Ripple’s RLUSD Stablecoin Hits $500 Million Milestone as Institutional Demand Grows Ripple CEO Brad Garlinghouse believes the stablecoin market is on the verge of a massive expansion, potentially reaching $1 to $2 trillion in market capitalization within just a few years. His remarks come as Ripple’s own stablecoin, RLUSD, surpassed $500 million in market cap since its late 2024 launch. Speaking on CNBC’s Squawk Box, Garlinghouse described the growth of the stablecoin sector as “profound”, noting that demand from institutional clients has been a key factor. Ripple originally entered the stablecoin space to support its payment flows, and now aims…
Author: Blockto Team
Australia’s central bank is ramping up its digital finance efforts, announcing the next stage of its central bank digital currency (CBDC) and stablecoin experimentation under the banner of Project Acacia. The Reserve Bank of Australia (RBA) will conduct a six-month trial in partnership with major banks, fintechs, and regulators to explore tokenized assets and digital payments infrastructure in wholesale financial markets. RBA and DFCRC Collaborate on Phase Two of Project Acacia The initiative, a joint effort between the RBA and the Digital Finance Cooperative Research Centre (DFCRC), was first introduced in November 2024. The current phase includes 24 use cases,…
Ether Surges 7% as Bitcoin Nears All-Time High Ethereum (ETH) and Dogecoin (DOGE) are leading the ongoing cryptocurrency rally, with Ether climbing nearly 7% to above $2,780 and Dogecoin rising 6% in the past 24 hours. The broader market is responding to growing political support for crypto regulation and increased institutional interest, fueling expectations of a significant breakout. Meanwhile, Bitcoin (BTC) continues to hover near its previous all-time high of $112,000, signaling strong overall momentum in digital assets. Political Tailwinds and ‘Crypto Week’ in Washington Boost Sentiment Much of the bullish sentiment comes on the heels of a key announcement…
BNB Chain Enhances Speed, Attracts Institutional Attention BNB, the native token of BNB Chain, climbed 0.6% over the past 24 hours, fueled by technical upgrades and the announcement of tokenized equities launching on its network. The price action reflects growing confidence in BNB Chain’s evolving role in decentralized finance and asset tokenization. The recent Maxwell hard fork, deployed at the end of June, reduced block times from 1.5 seconds to just 0.75 seconds. This effectively doubled the network’s transaction speed, enabling faster settlements and higher throughput — key features for developers building high-performance decentralized applications (dApps). Tokenized Stocks Set to…
Blockchain Does Not Bypass Securities Law, Warns SEC In a strong reminder to the crypto industry, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce—widely known as “Crypto Mom”—issued a statement reinforcing the regulatory stance that tokenized securities remain subject to federal securities laws. The clarification arrives as more traditional financial institutions and new blockchain-based firms experiment with tokenized assets, particularly in the wake of high-profile developments such as Robinhood’s launch of a tokenization-focused Layer-2 blockchain for European markets. Peirce emphasized that blockchain technology does not alter the legal character of the assets it represents. “Tokenized securities are still securities,”…
NEAR Protocol (NEAR) posted a 5.09% gain, closing at $2.27 in the 24-hour session ending July 9 at 15:00 UTC, despite experiencing sharp intraday swings. The recovery highlights growing institutional confidence and aligns with broader altcoin optimism as the market positions for a possible breakout season. The rally coincided with Grayscale’s latest portfolio rebalance, which added NEAR to its Decentralized AI Fund with a significant 28.41% weighting—just behind Bittensor (TAO), which holds 29.10%. This inclusion reinforces NEAR’s credibility in the emerging decentralized AI sector and suggests long-term investor interest. Technical Overview: Volume-Led Reversal and Breakout Signals NEAR opened the session…
Europe’s Leading Fintech Seeks Major Capital Injection for Global Expansion Revolut, Europe’s highest-valued fintech startup, is reportedly in talks to raise $1 billion in a new funding round, targeting a valuation of $65 billion. If successful, this would represent a 44% jump from its last known valuation of $45 billion during a secondary share sale in 2024. The planned round will include a mix of new share issuance and sales of existing stock, positioning Revolut for a broader push into international markets and advanced financial infrastructure. Greenoaks Poised to Lead the Investment Round The upcoming round is expected to be…
Cosmos (ATOM) delivered a resilient performance in its latest session, advancing 4% from $4.05 to $4.21, despite experiencing mid-session volatility. The altcoin maintained bullish momentum even as broader market fluctuations tested support levels. During the session, ATOM traded within a $0.19 range, reaching a high of $4.24 and a low of $4.05, highlighting both speculative interest and investor confidence. The strong recovery above $4.20 reflects renewed optimism among traders and altcoin investors alike. Key Support and Resistance Levels Hold Firm Technical analysis shows that support zones between $4.09 and $4.11 held firm during overnight pullbacks, absorbing downward pressure and setting…
Legal Dispute Emerges Over FTX Repayment Halt in Restricted Countries A legal challenge has surfaced in the ongoing FTX bankruptcy proceedings, as a creditor with ties to China has formally objected to a recent motion that would pause repayments to residents of certain jurisdictions with restrictive cryptocurrency laws. The objection, filed in U.S. Bankruptcy Court in Delaware, argues that halting payouts based on nationality rather than residency is both arbitrary and unjust. The creditor, Weiwei Ji, emphasized that despite living in Singapore, they were categorized as a Chinese creditor solely based on passport origin. Ji filed the objection on behalf…
BCH Price Surge Driven by Early Volume Spike Bitcoin Cash (BCH) surged past $514 in early trading on July 9 before entering a narrow consolidation range above the critical $500 support level. The rally, fueled by a surge in trading volume, pushed the price from $501.54 to $514.24 in a short span during the early UTC hours. At 02:00 UTC, trading volume peaked at 64,585 BCH—nearly four times the daily average of 16,708 units. This spike in activity suggests potential accumulation by institutional investors or large holders, signaling renewed interest in the Bitcoin Cash network. BCH Consolidates Between $505 and…