Historic Liquidity Surge Raises Questions About the Fed’s Next Move The U.S. M2 money supply — a broad measure of the money in circulation — has soared to an all-time high of $21.94 trillion as of May 2025, surpassing its previous peak from March 2022. This sharp increase signals renewed liquidity in the financial system, but it also brings into focus the delicate balance between economic growth and inflation — with implications for Bitcoin (BTC) and broader financial markets. What Is M2 and Why Does It Matter? The M2 money supply includes: It reflects the available liquid capital in the…
Author: Blockto Team
Governor Katie Hobbs Rejects Crypto Reserve Bill HB 2324 In a move that signals caution toward cryptocurrency integration in state finance, Arizona Governor Katie Hobbs vetoed House Bill 2324 on July 1, 2025. The bill proposed the creation of a “Bitcoin and Digital Assets Reserve Fund” to manage crypto assets seized through criminal forfeiture. The veto prevents Arizona from becoming one of the first states to create a state-controlled crypto reserve backed by forfeited digital assets. What HB 2324 Proposed House Bill 2324, which passed the Arizona House with a 34-22 vote, sought to: However, in her veto message, Governor…
Figma Invests in Bitcoin ETFs Ahead of NYSE IPO Design software giant Figma has revealed a significant crypto investment strategy in its recent filing with the U.S. Securities and Exchange Commission (SEC). As the company prepares to go public on the New York Stock Exchange (NYSE) under the ticker “FIG”, it disclosed $69.5 million worth of Bitcoin ETFs on its balance sheet. Figma’s IPO filing highlights the growing trend of tech companies holding Bitcoin as part of their corporate treasury reserves. The firm invested $55 million into the Bitwise Bitcoin ETF (BITB) on March 3, 2024. As of March 31,…
Polkadot Faces Renewed Selling as Transaction Volume Falls Polkadot’s native token DOT experienced a 4% decline from its 24-hour high, falling to $3.31 on July 1 as it tests critical support at $3.32. This movement mirrors a broader crypto market correction, with the CoinDesk 20 Index also down 2.4%. Despite a bullish spike earlier in the day, DOT failed to hold gains above the $3.46 resistance level. Ecosystem Activity Slows Sharply in 2025 One of the key drivers behind Polkadot’s weakening momentum is a significant decline in on-chain activity. The Polkadot ecosystem saw a 36.9% drop in transaction volume in…
Key Allegations Center on Improper BTC Liquidation During Market Crash A U.S. bankruptcy judge has allowed Celsius Network’s $4 billion lawsuit against Tether to move forward, rejecting Tether’s key motion to dismiss. The ruling marks a significant step in one of the largest legal disputes in crypto lending history, with Celsius accusing Tether of misconduct during its 2022 collapse. The lawsuit, filed in a New York bankruptcy court, alleges that Tether improperly liquidated over 39,500 BTC held as collateral when Bitcoin prices were crashing in June 2022. The liquidation, Celsius claims, violated contractual terms and led to massive financial losses.…
Pig Butchering Scams Trigger Record DOJ Action The U.S. Department of Justice (DOJ) recently moved to seize $225 million in cryptocurrency linked to pig butchering scams — marking one of the largest crypto forfeitures in U.S. history. According to Phil Selden, former acting U.S. Attorney, this case represents a new, victim-centered approach to crypto enforcement. “This isn’t just about blockchain or finance — it’s about American families losing their life savings,” Selden emphasized. The DOJ’s aggressive motion was filed without waiting for an arrest, underscoring a commitment to protecting victims before suspects are formally indicted. A Strategy Shift Under New…
SOL Drops Nearly 8% Despite Positive Institutional Milestone Solana (SOL) fell sharply by 7.84% over the past 24 hours, dropping from $157.42 to $145.08 as of July 1, despite growing anticipation around the launch of the REX-Osprey SOL + Staking ETF. This marked underperformance comes even as broader crypto market benchmarks remained relatively stable. The price decline underscores cautious sentiment, with traders selling into strength ahead of the ETF’s official debut. REX-Osprey SOL + Staking ETF Launches July 2 Set to debut under the ticker SSK on July 2, 2025, the REX-Osprey SOL + Staking ETF is the first U.S.-listed…
BTC Futures Premium Drops to 4.3% — Lowest Since October 2023 The Bitcoin CME futures premium has dropped to 4.3%, marking its lowest level since October 2023, according to data from 10x Research. This sharp decline suggests waning institutional interest and reduced appetite for hedge fund arbitrage strategies. Earlier this year, the premium peaked above 10%, driven by bullish sentiment and strong inflows into BTC ETFs. Now, despite Bitcoin trading above $107,000, optimism appears to be fading. Negative Funding Rates Confirm Bearish Bias Alongside the premium drop on the Chicago Mercantile Exchange (CME), funding rates on perpetual futures across offshore…
ETH Declines 3.3% as Support at $2,460 Fails to Hold Ethereum (ETH) fell sharply on July 1, dropping 3.3% to $2,418.39 amid a wave of selling pressure and broader market uncertainty. The drop below the key $2,460 support level has exposed ETH to short-term bearish continuation, despite growing institutional interest in the asset. ETH traded within a $96 range, declining from $2,500.88 to $2,404.47 before stabilizing slightly near $2,418. High-Volume Sell-Off Aligns With Political Turbulence The steepest losses occurred during the 14:00 UTC hour, when Ethereum dipped to its daily low of $2,404 on session-high volume of nearly 380K, reflecting…
Grayscale Expands ETF Lineup With Approval of Large-Cap Crypto Fund The U.S. Securities and Exchange Commission (SEC) has officially approved Grayscale’s Digital Large-Cap Fund to be converted into an exchange-traded fund (ETF). This decision represents a major advancement in the broader acceptance of crypto-based financial instruments within traditional markets. The fund tracks the five largest cryptocurrencies by market cap, offering a diversified gateway for institutional and retail investors. Fund Composition: Bitcoin Dominates Portfolio Weight The newly approved Grayscale Large-Cap ETF includes: These digital assets are tracked according to their market capitalization, providing broad exposure to the leading crypto assets. Conversion…