Moca Chain, a newly launched Layer-1 blockchain backed by Animoca Brands, is set to transform how digital identities are managed, verified, and protected. Built for decentralized identity and data authentication, the network focuses on giving users, devices, and AI agents full control over their credentials, eliminating dependence on centralized entities. Purpose-Built Blockchain for Identity Management Launched by the Moca Foundation, Moca Chain is engineered to support privacy-preserving protocols that verify both onchain and offchain user data. The project introduces a robust framework that ensures individuals can manage their digital identities securely and independently. The network is scheduled to launch its…
Author: Blockto Team
Germany’s top financial watchdog BaFin has officially closed its enforcement case against Ethena GmbH, the German subsidiary of stablecoin issuer Ethena Labs. The move concludes a four-month regulatory conflict centered around the issuance of the USDe stablecoin and associated yield-bearing products. 42-Day Redemption Plan Finalized On Wednesday, Ethena Labs and BaFin jointly announced a 42-day redemption window for USDe holders. The plan, which began this week, will allow investors to file redemption claims with Ethena GmbH until August 6. All claims will be overseen by a BaFin-appointed special representative, ensuring legal and procedural compliance. After this date, Ethena GmbH will…
Dogecoin (DOGE) showed renewed strength in the last 24 hours, rising 1.67% to $0.167 and breaking a key resistance level at $0.165. This move came despite ongoing macroeconomic uncertainty, marking an important signal of growing bullish sentiment in the market. Bullish Breakout Despite Global Tensions Amid global trade disputes and diplomatic tensions, cryptocurrencies have remained volatile. However, Dogecoin’s resilience stood out. The price rallied during the 16:00–17:00 UTC window on June 24, breaking decisively above $0.166. This breakout was supported by increased trading volume and sustained buyer interest. Importantly, the asset had already established a strong support zone near $0.162–$0.163,…
A new ruble-backed stablecoin, A7A5, has come under scrutiny for its alleged ties to Grinex, a crypto exchange widely seen as the successor to the U.S.-sanctioned platform Garantex. Launched in Kyrgyzstan in February 2025, A7A5 has already facilitated over $9.3 billion in transactions, despite a reported user base of only 124 active wallets on Grinex. A7A5: Rapid Growth and Deep Controversy Within just four months, A7A5 has reached a market cap of $151 million and boasts approximately 24,000 holders across Ethereum and Tron networks, according to Etherscan and Tronscan data. The stablecoin is traded exclusively on Uniswap, paired not only…
Tether, the company behind the world’s largest stablecoin USDT, is setting ambitious goals to become the biggest Bitcoin miner in the world by the end of 2025, according to CEO Paolo Ardoino. The statement, made during a recent interview, highlights the firm’s aggressive pivot from stablecoin issuance to strategic investments in energy and mining infrastructure. Strategic Bitcoin Mining: Not Just for Profits With over 100,000 BTC already in its holdings—worth more than $10 billion—Tether’s move into mining is less about short-term profitability and more about network security and asset protection. Ardoino explained that owning such a significant stake in Bitcoin…
In a major boost for real-world crypto adoption, digital payments platform Baanx has officially added BNB support to its “Crypto Life Card,” allowing users to spend BNB across over 100 million Mastercard and Visa merchants worldwide. The feature is rolling out in June across the UK, European Union, and Latin American markets, with U.S. availability planned in the future. BNB Enters the Global Payment Arena BNB, the native utility token of the BNB Chain, is now compatible with one of the most widely accepted crypto cards. This move transforms BNB from a token primarily used for trading, gas fees, and…
XRP is emerging as a standout performer in the current crypto market landscape. According to a recent report by Bybit, XRP holdings have more than doubled over the past six months, rising from 1.29% to 2.42% of platform assets between November 2024 and May 2025. This rise coincides with a 338% price surge, climbing from $0.50 to $2.19, even as Bitcoin dominance reached 65.3% due to mounting geopolitical tensions. Legal Easing Sparks Confidence One of the biggest drivers behind XRP’s growth is the easing of regulatory pressure. The long-standing legal battle between Ripple Labs and the U.S. SEC has seen…
The Bank for International Settlements (BIS) has issued a strong critique of stablecoins, arguing they are fundamentally flawed as monetary instruments and pose significant risks to global financial systems. In its Annual Economic Report 2025, the BIS stated that stablecoins fail to meet essential benchmarks of modern money—singleness, elasticity, and integrity—and warned of their potential for misuse in financial crimes. Why Stablecoins Fail to Qualify as Real Money The BIS defined “singleness” as the uniform acceptability of money at face value. Unlike central bank money, stablecoins are often issued by private entities and may trade at different values depending on…
Shiba Inu (SHIB) is showing signs of bullish revival after a substantial whale-driven accumulation coincided with a 17% price rebound from its 16-month low. Despite consolidation within a descending triangle pattern, recent price and volume dynamics point to a potential breakout. Whale Activity Signals Confidence On June 24, SHIB whales purchased over 10.4 trillion tokens, equivalent to more than $110 million, in what was the largest single-day accumulation in five months. This move came after SHIB dipped to a 16-month low of $0.00001005, triggering bargain buying by large holders. The massive accumulation indicates renewed investor confidence and may act as…
XRP is showing strong signs of a potential breakout after months of price consolidation, according to crypto market analysts. As the token remains range-bound between $2.00 and $2.40, traders and investors are eyeing a major move that could reshape its mid-term outlook. Consolidation Phase Nearing Its End Over the last 90 days, XRP has traded sideways, unable to surpass the critical resistance near $2.40. Despite multiple attempts, bulls have failed to establish a clear breakout above this level. However, technical analysis suggests that the long-term symmetrical triangle forming on the monthly chart may be nearing completion. “XRP breakout is coming,”…