Tornado Cash (TORN) saw a near 5% price increase on Monday, rising from $9.16 to $9.67, following a pivotal decision from the Eleventh Circuit Court of Appeals. The court ruled in favor of dismissing a lawsuit filed against the U.S. Treasury Department, marking a major legal milestone for the privacy-focused protocol. The court’s decision followed the Office of Foreign Assets Control’s (OFAC) earlier removal of Tornado Cash from its sanctions list, effectively ending a contentious regulatory chapter. https://www.tradingview.com/symbols/TORNUSDT Coin Center Lawsuit Comes to a Close The lawsuit in question was brought by Coin Center, a crypto policy advocacy group, challenging…
Author: Blockto Team
NEAR Leads Altcoin Rally as Market Sentiment Strengthens NEAR Protocol (NEAR) surged past the critical $2.19 resistance level, confirming a bullish breakout supported by 61% above-average trading volume. The move reflects growing momentum in the broader crypto market, where Bitcoin’s rise above $109,000 is helping fuel altcoin gains. NEAR’s 1.97 million trading volume during the breakout period far exceeded its 24-hour average of 1.22 million, signaling a surge in investor interest. Technical Setup: Ascending Triangle and Cup-and-Handle Formation For much of July 7, NEAR consolidated in an ascending triangle pattern, with buyers steadily absorbing pressure near $2.16–$2.17. In the final…
Major crypto firms unite to demand regulatory clarity in the U.S. A coalition of 65 blockchain and crypto-focused organizations, including leading crypto exchanges and NFT platforms, has officially urged U.S. House lawmakers to pass the Digital Asset Market Clarity Act (CLARITY Act). The letter, delivered ahead of Crypto Week starting July 14, signals growing urgency within the digital asset sector for federal-level regulation. What is the CLARITY Act? The CLARITY Act proposes a regulatory framework that clearly defines oversight responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Under the bill: This division of…
Binance Coin (BNB) Consolidates in Tight Range Binance Coin (BNB) continues to hold its ground, trading near $659.61 as of the latest 24-hour cycle. The price action reflects a classic consolidation pattern, with buyers stepping in at $659.45 and sellers capping advances at $664.38. The token moved within a narrow range of less than 1%, suggesting indecision among market participants. BNB’s consolidation zone has become a battleground between short-term buyers and profit-taking sellers. Technical Analysis Shows Key Levels in Play From a technical standpoint, $659.45 remains the key support level, tested multiple times with high-volume absorption. Resistance continues to hold…
US Regulator Officially Starts the Review Clock The U.S. Securities and Exchange Commission (SEC) has formally acknowledged the application for a Bitcoin and Ethereum ETF proposed by Trump Media’s Truth Social. This acknowledgment triggers the regulatory countdown, where the SEC must approve or reject the ETF within a set timeline. The dual crypto ETF aims to provide exposure to both Bitcoin and Ether, offering a combined investment product for digital asset enthusiasts. ETF Structure: 75% Bitcoin, 25% Ethereum Allocation According to the official filing, the Truth Social Bitcoin and Ethereum ETF plans to list shares on the NYSE Arca, with…
BONK, a leading meme-based token on the Solana blockchain, surged 8.7% over the past 24 hours, reaching a high of $0.0000235 before settling near $0.00002215. This price increase was driven by a 67% surge in trading volume, totaling 2.27 trillion tokens, well above the daily average. The rally comes as market optimism builds around Solana’s broader ETF developments and BONK’s ecosystem growth. BONK is now outperforming key peers, driven by ecosystem expansion, strong community engagement, and rising trading activity. BONKbot Generates Over $4.35 Million Monthly in Fees One of the standout contributors to BONK’s rising momentum is BONKbot, a Telegram-based…
XRP Surges 4.5% as Institutional Interest Grows XRP has shown renewed strength in the crypto markets, rallying 4.5% between July 7 and 8, driven by surging trading volume and growing institutional demand. The price peaked at $2.35 before consolidating around $2.26, forming a key support level that has absorbed multiple sell-offs. Over 182 million XRP were traded during peak sessions, signaling increasing liquidity and investor interest. ETF Optimism and Grayscale Exposure Drive Sentiment A significant catalyst behind XRP’s momentum is the recent addition to the Grayscale Digital Large Cap Fund, marking the first inclusion since previous regulatory restrictions were lifted.…
Kuru Labs Raises Funds to Build Next-Gen DeFi Infrastructure Kuru Labs, a decentralized finance (DeFi) startup, has secured $11.6 million in Series A funding, led by crypto venture giant Paradigm. The raise aims to build a powerful DeFi liquidity engine on Monad, an emerging high-performance Ethereum-compatible blockchain designed for ultra-fast execution. This funding round marks a major step toward launching a hybrid central-limit orderbook (CLOB) and automated market-making (AMM) system optimized for Monad. What Is Monad and Why It Matters Monad is positioning itself as a faster, more scalable version of Ethereum, offering parallel execution while maintaining Ethereum Virtual Machine…
Internet Computer (ICP) Rebounds After Intraday Low Internet Computer (ICP) showed resilience during a volatile trading session, bouncing from an intraday low of $4.78 and recovering toward $4.85 before settling just below key support. Despite closing the day 0.98% lower, the token’s price action signals renewed buying interest near critical support zones. The $4.80 support level held firm through multiple tests, confirming it as a key pivot for short-term momentum. Price Action: Bounces Confirm Bullish Bias Between July 6 at 15:00 UTC and July 7 at 14:00 UTC, ICP traded in a 2.54% range, fluctuating between $4.78 and $4.90. The…
Real Estate Firm Enters Digital Asset Space with Major BTC Investment Murano Global Investments, a Nasdaq-listed real estate and hospitality firm operating hotels across Mexico, has officially launched a Bitcoin treasury strategy. The move follows the company’s recent standby equity purchase agreement (SEPA) valued at up to $500 million, with the primary goal of investing in Bitcoin (BTC). This marks one of the largest treasury commitments to Bitcoin by a public real estate company in recent months. Integrating Bitcoin Into Hotel Operations Beyond building its Bitcoin reserves, Murano is also exploring crypto adoption within its hotel and hospitality business. The…