Avalanche’s AVAX Among Top Performers in Crypto Market Rally Avalanche’s native token, AVAX, posted an 8.2% gain over the past 24 hours, outperforming many peers and establishing itself as one of the top movers in the broader crypto market. AVAX surged from $16.29 to an intraday high of $18.50, but now finds itself grappling with a crucial resistance zone between $18.47 and $18.50. This performance also contributed to the CoinDesk 20 Index — which tracks the top 20 cryptocurrencies excluding stablecoins, memecoins, and exchange coins — climbing 6.3% during the same period. Technical Analysis: Support Holding, Resistance Ahead AVAX’s price…
Author: Blockto Team
Only 5 of 11 Senators Attend Key Digital Asset Subcommittee Session A high-stakes U.S. Senate subcommittee hearing on the future of digital asset market structure legislation saw notable absenteeism, raising concerns over the bipartisan commitment to regulating the crypto industry. Held on Tuesday, the hearing titled “Exploring Bipartisan Legislative Frameworks for Digital Asset Market Structure” was marked by the presence of just 5 out of 11 senators typically serving on the subcommittee. Competing Priorities and Political Disengagement Subcommittee Chair Cynthia Lummis, a strong advocate for pro-crypto regulation, attributed the low attendance to “a lot of competing committees” scheduled for the…
SOL rallies above $145 amid institutional demand and growing global adoption Solana’s native token SOL soared 7.63% to $145.47, driven by record-breaking CME futures volume and a wave of renewed bullish sentiment across the crypto market. The price movement reflects rising institutional interest, combined with fresh developments in global blockchain adoption—particularly in Central Asia. Institutional Demand Surges: CME Futures Hit 1.75M Contracts A major driver behind SOL’s rally was the CME futures volume, which surged to an all-time high of 1.75 million contracts, according to Glassnode. This milestone represents the largest trading activity since SOL futures were launched on CME…
Crypto Stocks Rally on Ceasefire News and Bullish Market Sentiment US-based crypto stocks witnessed a strong surge on Tuesday, riding the wave of optimism following a fragile ceasefire agreement between Iran and Israel, brokered by US President Donald Trump. While geopolitical tensions remain, the temporary de-escalation helped boost investor sentiment across global markets — especially in crypto-linked equities. Coinbase Leads the Rally The biggest gainer was Coinbase Global Inc. (COIN), which soared 12.10%, becoming the top-performing S&P 500 stock for the day. The rally comes amid a broader upswing in interest for digital asset investments, coupled with speculation over ETF…
Crypto Exchange Coinbase Plays Central Role in Historic Law Enforcement Operation Coinbase has announced it played a pivotal role in helping the U.S. Secret Service seize $225 million in cryptocurrency linked to widespread crypto investment scams. The seizure, which took place earlier this month, is the largest in the Secret Service’s history, according to federal officials. The operation targeted a “pig butchering” scam ring—a type of fraud that manipulates victims into investing in fake crypto ventures. These schemes have been increasingly tied to criminal networks operating out of Southeast Asia, where victims are recruited or trafficked into scam compounds. Coinbase’s…
Litecoin (LTC) Surges Amid Middle East Ceasefire and ETF Optimism Litecoin climbed 4% to $85.45, breaking out of a recent slump and holding firm near the $84 level. This price action came on the back of above-average trading volume, reflecting increased investor confidence. While geopolitical easing — notably the reported ceasefire between Israel and Iran — may have been the immediate catalyst, market analysts suggest regulatory developments could be the real driver of LTC’s upward momentum. ETF Speculation: The Main Bullish Catalyst The U.S. Securities and Exchange Commission (SEC) is currently reviewing two proposals for a spot Litecoin ETF, which…
Toncoin (TON) is showing renewed strength following a volatile trading session, registering a 3% price increase over the past 24 hours. Despite underperforming the broader crypto market, bullish sentiment appears to be building, particularly at lower levels of the recent trading range. Volatile Swing Establishes Support Zone Around $2.75 The cryptocurrency experienced a 7.59% intraday swing, with prices fluctuating between $2.72 and $2.93. The strongest buying activity was observed near the $2.75 mark, indicating the emergence of a key support zone. “Strong buyer interest was confirmed by above-average volume of 4.08 million,” signaling institutional or large investor activity at these…
As the digital asset sector grows rapidly, U.S. lawmakers are accelerating efforts to create a clear regulatory structure. On June 24, several Republican senators released a framework of principles to guide new crypto legislation focused on market structure. Senate Republicans Push for Regulatory Clarity Led by Senate Banking Committee Chairman Tim Scott, the proposal is backed by Senators Cynthia Lummis, Thom Tillis, and Bill Hagerty. These lawmakers represent half of the Senate Banking Committee members necessary to pass a bill through the chamber. “These principles will serve as an important baseline for negotiations on this bill,” Scott noted, emphasizing the…
SharpLink Gaming (SBET) has significantly strengthened its crypto strategy by boosting its Ethereum treasury to 188,478 ETH, valued at approximately $470 million at current market prices. The move positions SharpLink as the largest publicly traded holder of ETH, reflecting its strategic pivot toward blockchain-based treasury diversification. $30.7M ETH Purchase Funded via Share Sale Between June 16 and June 20, SharpLink acquired 12,207 ETH for $30.7 million at an average price of $2,513 per ETH. The purchase was funded through an at-the-market (ATM) offering, raising $27.7 million by selling 2.5 million+ shares to institutional and retail investors. “This ETH acquisition shows…
Chinese blockchain infrastructure firm Nano Labs is making a bold move into the Binance Coin (BNB) ecosystem, announcing a $500 million convertible notes deal to acquire a significant portion of BNB’s circulating supply. The initiative could give Nano Labs ownership of up to 10% of all BNB tokens, further institutionalizing the asset. Up to $1B in BNB Acquisition Planned In a statement released Tuesday, Nano Labs revealed it will fund the BNB acquisition through convertible promissory notes and private placements. The total acquisition goal? As much as $1 billion worth of BNB, depending on market conditions and execution. “Over the…