China’s tech giants JD.com and Ant Group are intensifying efforts to launch yuan-based stablecoins, aiming to boost the Chinese currency’s role in international trade and reduce dependence on U.S. dollar-pegged tokens. Stablecoin Lobbying Intensifies in China According to a Reuters report, JD.com and Ant Group have privately urged the People’s Bank of China (PBOC) to approve yuan-backed stablecoins. These coins, pegged to offshore yuan, would initially launch in Hong Kong and later expand to China’s free trade zones, offering a controlled yet international deployment. Executives from JD.com reportedly called yuan stablecoins “urgently needed” to support the international use of the…
Author: Blockto Team
Tether’s USDT stablecoin is rapidly narrowing the gap with USDC on BitPay, one of the world’s leading crypto payment processors. In 2024, USDC dominated transactions on the platform, but 2025 has marked a significant shift in user preference. USDT Gains Ground in BitPay Transactions At the beginning of 2024, USDC accounted for 85% of stablecoin transactions on BitPay, while Tether’s share was only 13%. Fast forward to May 2025, and the numbers tell a different story: The shift highlights a growing preference among merchants and users for Tether’s USDT despite USDC’s early lead and regulatory advantages. USDT Leads Stablecoin Payment…
The cryptocurrency XRP has gained over 3.5% in the last 24 hours, and derivatives data suggests the rally may be far from over. Options market activity and a bullish breakout in the XRP/BTC pair are building a compelling case for continued upside. XRP $3 Options Dominate Derivatives Market According to market data, the $3 strike call option for XRP is now the most traded, with over 2 million contracts exchanged — mostly on the buy side. This suggests that traders are positioning for a strong move above the $3 mark by July 25, the option’s expiration date. The surge in…
Bitcoin has surged past the $110,000 mark, hitting its highest level since June 11, 2025. The sharp upswing is primarily driven by strong inflows into U.S.-listed spot Bitcoin exchange-traded funds (ETFs)—a renewed wave of institutional interest that signals growing confidence in crypto markets. BTC Hits New Local High Amid ETF Demand On July 3, Bitcoin crossed the $110,000 threshold, extending its multi-week rebound. The milestone marks the strongest price level in nearly a month, with bulls regaining momentum amid favorable macro and regulatory conditions. Bitcoin’s breakout reflects a shift in sentiment as large-scale investors re-enter the market via regulated financial…
The U.S. Department of Justice (DOJ) has recovered $40,300 in cryptocurrency stolen in a scam that impersonated the Trump-Vance Inaugural Committee, according to a recent legal filing. The recovered funds, traced through blockchain analysis, highlight the increasing use of crypto in online fraud—and the tools authorities are using to fight back. Crypto Scam Targeted Political Donor via Email On December 24, 2024, a scammer sent a fraudulent email that appeared to originate from Steve Witkoff, the co-chair of the Trump-Vance Inaugural Committee. The email address used a deceptive domain—@t47lnaugural.com—replacing a lowercase “i” with an “l” to trick the recipient. Believing…
A new Ethereum-focused organization, the Ethereum Community Foundation (ECF), has launched with a mission to accelerate ETH adoption and push the asset toward a $10,000 price milestone. Ethereum Community Foundation Challenges Status Quo The initiative was unveiled by Ethereum core developer Zak Cole at the 8th Ethereum Community Conference in Cannes, France. In his remarks, Cole criticized the Ethereum Foundation (EF) for neglecting ETH as an asset class, claiming that the EF has focused too much on infrastructure while ignoring the economic incentives tied to ETH holders. “We serve ETH holders because you deserve better,” said Cole, calling ECF a…
A class action lawsuit has been filed against Strategy (formerly MicroStrategy), alleging that the company issued false and misleading statements regarding its Bitcoin investment strategy and the impact of recent accounting standard changes. NY Law Firm Alleges Misrepresentation of Bitcoin Profitability Pomerantz LLP, a prominent New York-based law firm, filed the suit in the U.S. District Court for the Eastern District of Virginia on behalf of investors who purchased Strategy stock between April 30, 2024, and April 4, 2025. The complaint claims Strategy and its executives overstated the financial performance of their Bitcoin treasury operations and downplayed the volatility and…
Polkadot (DOT) surged by over 6% on July 2, 2025, breaking through critical resistance zones at $3.34 and $3.44, as crypto markets broadly rallied. The move was backed by strong technical support and volume surges, signaling renewed investor confidence in the Layer-0 blockchain project. DOT Price Rally Fueled by Broader Market Strength DOT’s uptrend coincided with a 4.2% rise in the CoinDesk 20 index, reflecting broader bullish sentiment across the crypto market. As major altcoins rebounded alongside Bitcoin and Ethereum, Polkadot stood out with a decisive breakout that lifted prices from consolidation levels into a rising trend channel. DOT was…
NEAR Protocol (NEAR) surged over 7.6%, reaching a peak of $2.18, following the launch of a new staking exchange-traded product (ETP) by Bitwise Asset Management. The ETP, now live on Deutsche Börse Xetra, marks a key milestone in regulated crypto investment products in Europe, offering exposure to the NEAR blockchain with integrated staking rewards. NEAR Staking ETP Unlocks Institutional Access Bitwise’s new product is designed for institutional and retail investors in Europe who want exposure to the AI-focused NEAR ecosystem while also benefiting from staking yields. The announcement has helped fuel fresh momentum behind the NEAR token, drawing interest from…
In a major step toward institutional adoption of stablecoins, Switzerland-based AMINA Bank has become the first globally operating bank to support Ripple’s USD-pegged stablecoin RLUSD, expanding the bridge between traditional finance and blockchain-based assets. AMINA Bank Launches Custody and Trading for RLUSD On July 4, AMINA Bank announced that it now offers custody and trading services for Ripple’s RLUSD to institutional clients and professional investors. The bank plans to expand its RLUSD offerings in the coming months, further integrating the stablecoin into its suite of regulated crypto services. “AMINA is now the first global bank to support RLUSD, reinforcing our…