Author: Blockto Team

Supreme Court Rejects Review of High-Profile IRS Crypto Case The U.S. Supreme Court has officially denied a petition to review a legal case involving the Internal Revenue Service (IRS) and its controversial request for Coinbase user data, closing the door on a significant privacy dispute with implications for the broader crypto and digital finance community. In a formal order released on June 30, 2025, the court stated that the “petition for a writ of certiorari is denied,” meaning it will not hear the case originally brought forth by James Harper, a Coinbase user who challenged the IRS’s access to his…

Chainlink, the leading decentralized oracle network, has introduced a game-changing compliance framework that could dramatically lower institutional barriers to entering the crypto economy. Key Highlights What is ACE and Why It Matters ACE, built on the Chainlink Runtime Environment, offers a modular architecture to automate regulatory compliance, including: According to Chainlink co-founder Sergey Nazarov, ACE aims to make digital assets “better, cheaper, and faster” than traditional alternatives, solving one of the final hurdles preventing mass institutional crypto adoption. The Cost of Traditional Compliance A 2023 report by LexisNexis and Forrester estimated that financial crime compliance cost institutions in the U.S.…

BitMine Immersion Technologies (BMNR) has taken the spotlight after announcing a $250 million private placement to build one of the largest Ether (ETH) treasuries among public companies. Key Highlights Ethereum as a Reserve Asset BitMine’s decision to build an ETH treasury marks a significant shift in the crypto treasury trend, which has historically favored Bitcoin. The company cited Ethereum’s dominance in stablecoin payments, DeFi applications, and tokenized assets as a strategic reason for its choice. “By holding ETH directly, BitMine gains protocol-level access to staking rewards and DeFi participation,” the company said in a statement. With this move, BitMine joins…

Metaplanet Inc. (3350.T), the Tokyo-based company now widely seen as Japan’s answer to Strategy, has received a Buy rating from Benchmark analyst Mark Palmer, who set a price target of ¥2,400 — signaling a 50% upside from its latest close at ¥1,650. Metaplanet’s Hyper-Bullish Bitcoin Strategy Benchmark’s coverage calls Metaplanet “Japan’s Bitcoin treasury play,” referencing its hyper-accumulation strategy aiming to own 210,000 BTC by 2027 — or roughly 1% of Bitcoin’s total fixed supply. Metaplanet has already returned over 7,700% since pivoting to Bitcoin in April 2024, outperforming every Japanese stock in the same period. Originally a small hotel operator,…

In a significant move for digital asset investors, the Bitcoin-Gold price ratio surged over 10% last week, reaching 33.33 — its strongest weekly performance in two months. This technical breakout indicates a renewed bullish trend in favor of Bitcoin over gold and suggests more upside could be in store. What Is the BTC-Gold Ratio and Why It Matters The BTC-Gold ratio measures how many ounces of gold one Bitcoin can buy, offering a comparative view of the relative strength between the two major asset classes. An increasing ratio implies Bitcoin is outperforming gold, signaling stronger investor interest in risk-on digital…

Bitcoin treasury giant Strategy, formerly known as MicroStrategy, continues to make aggressive moves in the crypto market. The company has acquired 4,980 additional BTC between June 23 and June 29, 2025, valued at $531.9 million — bringing its total holdings to a record 597,325 BTC. Strategy’s Bold Bitcoin Accumulation Plan According to a recent SEC filing, the average purchase price for the latest acquisition was $106,801 per BTC. This adds to Strategy’s cumulative BTC cost of around $42.4 billion, with an average entry price of $70,982. At current market value, this represents over $21.6 billion in unrealized profits. This holding…

Spanish law enforcement has arrested five individuals in connection with a massive crypto fraud operation valued at over $540 million, impacting more than 5,000 victims worldwide. The arrests mark one of the most significant crypto-related criminal busts in Europe in recent years. International Operation Backed by Europol and U.S. Authorities The Guarda Civil, Spain’s national police force, carried out the arrests on June 25, with three suspects apprehended in the Canary Islands and two more in Madrid. The operation was part of a broader investigation supported by Europol, alongside authorities in Estonia, France, and the United States. **“This is a…

Tokenized stocks are rapidly transforming how traditional financial assets interact with blockchain technology. Leading this revolution, Backed Finance has officially launched tokenized equities and ETFs across major crypto platforms including Bybit, Kraken, and Solana-based DeFi protocols. Backed Finance Expands Tokenized Equities Across Crypto Exchanges Backed Finance introduced its onchain stock trading through a coordinated rollout involving top-tier exchanges and decentralized finance (DeFi) ecosystems. The new listings include over 60 tokenized assets such as: These tokens, dubbed xStocks, are part of a broader initiative to bring real-world assets (RWAs) on-chain, enabling 24/7 trading and future DeFi integration. Integration with Solana-Based DeFi…

Circle (CRCL), the issuer behind USDC stablecoin, is gaining strong momentum in public markets following a bold outlook from analysts at Bernstein, who labeled the company the “internet dollar network for the next decade.” With a newly set price target of $230, Bernstein expects Circle to play a pivotal role in the transformation of global finance. Circle’s Public Debut and Performance Circle went public on June 5, 2025, with an initial price of $31, in what was described as one of the most oversubscribed IPOs in years. The stock surged 167% on day one and reached a peak of $292…

Kazakhstan is taking a major step toward integrating digital assets into its sovereign finance strategy. The National Bank of Kazakhstan has announced plans to establish a state-managed national cryptocurrency reserve, according to a report from the state news agency Kazinform. Kazakhstan’s Central Bank Supports State Crypto Reserve The initiative is driven by Kazakhstan’s central bank, which aims to model the reserve on international best practices. According to Chairman Timur Suleimenov, while crypto assets are volatile, placing a reserve under centralized oversight will ensure proper risk management and accountability. The crypto reserve is likely to be funded by expropriated digital assets…