Coinbase’s Layer 2 solution, Base, which was once a top performer in 2024, has seen a dramatic shift in momentum. In 2025, Base has recorded over $4.3 billion in net capital outflows through cross-chain bridges — a sharp reversal from its $3.8 billion net inflow last year. Ethereum Registers $8.5B Net Inflow, Reclaims Market Leadership While Base experiences a slowdown, Ethereum is on a powerful rebound. The leading smart contract blockchain has registered $8.5 billion in net inflows year-to-date, making up for last year’s $7.4 billion net outflow. Ethereum’s renewed dominance reflects growing investor confidence, institutional staking interest, and increased…
Author: Blockto Team
Bitcoin futures trading volume fell sharply by ~20% in June 2025, according to new data from centralized exchanges, potentially pointing to the return of a recurring midyear pattern of reduced crypto market activity — commonly known as the “crypto summer slump.” June 2025 Bitcoin Futures Volume Sees Significant Drop Centralized crypto exchanges recorded approximately $1.55 trillion in total Bitcoin (BTC) futures volume this June — well below the $1.93 trillion monthly average seen from January to May 2025. That puts June’s volume nearly 20% below the year-to-date average, confirming a historical trend of midyear slowdowns across digital asset markets. This…
Bitcoin (BTC) is trading just 3% below its record high as macroeconomic tailwinds and seasonal trends converge, setting the stage for what could be a historic July breakout. Wall Street Momentum Fuels Crypto Optimism Traditional U.S. equity markets are surging. The S&P 500, Nasdaq, and Dow Jones Industrial Average have all reached fresh all-time highs. As institutional confidence strengthens, excess capital often finds its way into alternative assets, with Bitcoin at the forefront. Currently priced around $109,000, Bitcoin is less than $3,000 away from the all-time high it briefly touched in May 2025. Liquidity Surge and Fiscal Pressure Boost BTC’s…
Solana (SOL) continues to gain institutional momentum despite market turbulence, as Japan’s Minna Bank launches a new initiative to test stablecoin use cases using Solana’s blockchain and Fireblocks’ security infrastructure. Minna Bank’s Stablecoin Strategy Targets Mobile-First Users Minna Bank, a fully digital bank and part of the Fukuoka Financial Group, has partnered with Solana, Fireblocks, and fintech provider TIS to explore how stablecoins can modernize financial services in Japan. The pilot project focuses on real-world applications, including retail payments, on-chain infrastructure, and user-centric finance tools. The initiative is timely, as stablecoins now exceed $250 billion in global market cap, drawing…
Chinese tech giants JD.com and Ant Group are reportedly lobbying for regulatory approval to issue stablecoins backed by the offshore yuan in Hong Kong, in a strategic push to reduce reliance on US dollar-denominated digital assets, according to a July 4 Reuters report. Yuan-Based Stablecoins Proposed to Expand Global Influence The companies aim to launch yuan-pegged stablecoins in Hong Kong, using the offshore Chinese yuan (CNH) as collateral. This would position the yuan as a competitive alternative to dollar-backed stablecoins like USDT and USDC, which currently dominate cross-border crypto settlements. “The goal is to boost the yuan’s role in global…
Phoenix Community Capital, once a promising DeFi project known as The Phoenix (FIRE), is now embroiled in legal turmoil. Investors allege an exit scam, claiming project assets were misappropriated after leadership changed hands. The man at the center of the controversy, Daniel Ianello, has moved to dismiss the lawsuit filed in Tennessee federal court. Investors Allege Phoenix FIRE Exit Scam The lawsuit, filed by aggrieved investors, accuses Daniel Ianello of orchestrating an exit scam following his acquisition of the Phoenix project in October 2022. According to the complaint, Ianello took control of FIRE’s smart contracts, shut them down, and allegedly…
A Belgian court has handed down 12-year prison sentences to three individuals convicted of kidnapping the wife of local cryptocurrency entrepreneur Stéphane Winkel, marking a serious escalation in crypto-related crime across Europe. Crypto Ransom Plot Leads to Harrowing Kidnapping The incident occurred in December 2024, when the assailants abducted Winkel’s wife outside her home, forced her into a van, and demanded ransom in cryptocurrency. Law enforcement quickly responded, tracking the vehicle and rescuing the victim after a high-risk intervention. According to court findings, the trio acted in a calculated scheme, although their claim of being forced into the act under…
The Internet Computer Protocol (ICP) token faced sharp selling pressure on July 4, 2025, plunging over 5% to $4.8373, amid heightened cybersecurity fears linked to a Russian malware campaign targeting crypto wallets. Cybersecurity Report Sparks ICP Price Decline A damning report by Koi Security identified over 40 malicious browser extensions imitating popular crypto wallets such as MetaMask and Coinbase. These fake add-ons—some still active—were tied to Russian-speaking actors and designed to steal sensitive credentials from unsuspecting users. The malware has reportedly been active since April 2025, causing widespread concern across the crypto sector. Although the Internet Computer network itself was…
In a significant development for former FTX users, the FTX Recovery Trust has filed a motion outlining new procedures that may prevent payouts to creditors in 49 restricted foreign jurisdictions, including China, Russia, Pakistan, and Ukraine. Creditor Claims at Risk in ‘Restricted Foreign Jurisdictions’ According to the filing made on Wednesday, the trust is seeking court approval to assess legal compliance in regions where regulatory, legal, or sanctions issues may block distribution of recovered assets. These areas are labeled “Restricted Foreign Jurisdictions.” “Distributions that cannot be made due to the illegality of doing so under the laws of a Restricted…
In a stunning move that has captivated the crypto community, two ancient Bitcoin whale wallets—inactive since 2011—have suddenly transferred 20,000 BTC worth over $2 billion. The massive on-chain activity is raising questions about potential market implications but shows no immediate signs of profit-taking. Whale Transfers Over $2B in BTC From 2011 Wallets According to blockchain analytics firm Lookonchain, the addresses “12tLs…xj2me” and “1KbrS…AWJYm” moved their entire balances—20,000 BTC—early Friday morning. These wallets originally received their bitcoin on April 3, 2011, when the price of BTC was a mere $0.78. At today’s price near $109,000, these coins now represent an astonishing…