Guotai Junan International, a major Hong Kong-listed Chinese brokerage, saw its shares surge nearly 200% in just two days following regulatory approval to offer cryptocurrency trading services in the city. SFC License Upgrade Triggers Investor Euphoria On Wednesday, Guotai Junan announced that the Hong Kong Securities and Futures Commission (SFC) had upgraded its Type 1 license, originally for securities dealing, to include crypto asset trading. This pivotal move now allows Guotai’s clients to buy and sell cryptocurrencies via an SFC-licensed crypto platform, marking a significant milestone for traditional financial institutions entering the digital asset space. Guotai Junan’s stock price skyrocketed…
Author: Blockto Team
Dogecoin (DOGE) is showing renewed strength after rebounding sharply from recent lows, with bulls defending the key $0.16 support level despite ongoing global market volatility. The memecoin has attracted attention amid rising speculation over Elon Musk’s X platform and new use cases introduced via Coinbase’s Base network. DOGE Rebounds 17% from Weekend Lows Over the past few days, Dogecoin surged 17% from its weekend low of $0.142, closing the June 26 session at $0.1657, up nearly 3% from the daily low. The coin traded in a tight intraday range of $0.1628 to $0.1677, with notable buy-in volume approaching 300 million…
Coinbase has officially launched wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum Layer-2 network Base, opening the door for users to access decentralized finance (DeFi) opportunities without leaving the ecosystem. Wrapped Tokens Enable DeFi Access The newly introduced cbADA and cbLTC are ERC-20 tokens backed 1:1 by ADA and LTC, respectively. These wrapped tokens allow users to participate in Ethereum-style DeFi services, such as staking, lending, liquidity pools, and trading, without selling or converting their native assets. Over 11,300 cbLTC and 2.9 million cbADA have already been minted, according to on-chain data._ All wrapped assets are fully…
Global crypto exchange Kraken has officially secured a MiCA license in Ireland, positioning itself to expand across the 30 countries of the European Economic Area (EEA) under the EU’s new regulatory framework. MiCA Approval Boosts Kraken’s EU Presence With this license, Kraken can now offer regulated crypto services across the entire EEA, including retail trading, institutional access, and crypto-related financial products. The Markets in Crypto-Assets (MiCA) regulation, enacted by the European Union, is designed to establish a standardized legal framework for digital assets across member states. “This license places us in a strong position to expand our product offering and…
NEAR Protocol (NEAR) experienced sharp volatility on June 25, 2025, with its price plunging nearly 4% to $2.14, only to stage a quick recovery as strong buying interest emerged. The dip created a key support zone, offering a potential accumulation opportunity for traders monitoring the market closely. Market Snapshot and Key Developments The broader cryptocurrency market saw a positive shift over the past 24 hours (from June 24, 15:00 to June 25, 14:00), with the global market capitalization climbing by 2.2% to reach $3.37 trillion. NEAR’s resilience during this turbulent period has caught the attention of both retail and institutional…
Metaplanet, a Tokyo-listed Japanese investment firm, has officially overtaken Tesla to become one of the top corporate holders of Bitcoin (BTC). The firm’s latest acquisition of 1,234 BTC for approximately $133 million now brings its total holdings to 12,345 BTC, worth about $1.3 billion at current market prices. $515 Million War Chest Fuels Aggressive Accumulation This landmark purchase came just one day after Metaplanet announced a massive ¥74.9 billion ($515 million) capital raise through stock issuance. The raise is part of the company’s bold “555 million plan,” which aims to secure 1% of Bitcoin’s total supply by the end of…
In a dramatic shift in strategy, the Trump-affiliated crypto project World Liberty Foundation has announced that its WLFI token will become transferable, reversing its original stance that the token would remain non-tradable. From Loyalty Token to Tradable Asset Originally positioned as a non-transferable token tied to political engagement and brand loyalty, WLFI was distributed earlier this year to supporters who joined the project’s presale. The foundation had previously insisted the token was not designed for trading or speculation. However, in a recent announcement on X (formerly Twitter), the project posted: “You asked to make $WLFI transferable — we heard you.…
Cardano (ADA) faced renewed selling pressure on June 25, 2025, dropping 2.78% to close near its daily low of $0.5679. Despite brief attempts to rally, the price failed to hold above resistance, signaling continued weakness in the face of broader market uncertainty. Failed Breakout Rejected Near $0.59 Throughout the trading session, ADA showed signs of bearish momentum as every recovery attempt was capped by lower highs, maintaining a clear descending channel. The day’s 24-hour range was $0.0175 (3.01%), spanning from $0.5928 to $0.5753. This price pattern suggests that sellers remain in control, and short-term bullish attempts are being absorbed by…
In a major blow to DeFi stability, stablecoin protocol Resupply has suffered a $9.5 million exploit, according to blockchain security analysts. The attack targeted the protocol’s smart contract logic and involved manipulating token exchange rates through artificially inflated asset prices. How the Exploit Happened The attack focused on cvcrvUSD, a wrapped version of Curve USD (crvUSD) staked in Convex Finance. The attacker exploited cvcrvUSD’s price feed by sending ‘donations’ that inflated its share price, tricking the Resupply smart contract into miscalculating its true value. At the center of the exploit was the ResupplyPair contract (CurveLend: crvUSD/wstUSR), which used the manipulated…
Bit Digital (BTBT) shares fell nearly 4% on Wednesday after the company announced a major shift away from Bitcoin mining to fully embrace Ethereum staking and treasury accumulation. This strategic pivot marks a bold new direction for the publicly listed crypto firm, raising eyebrows among investors. From Bitcoin Mining to Ethereum Staking In a press release, Bit Digital said it would wind down or sell off its existing Bitcoin (BTC) mining operations and use the proceeds to buy more Ether (ETH). Additionally, the company plans to gradually convert its entire BTC holdings into ETH, though no firm timeline has been…