Memecoin Defies Market Turbulence, Outperforms BTC and ETH Dogecoin surged 6.56% in the last 24 hours, rebounding from a two-month low of $0.1508 to hit an intraday high of $0.1632. The rally marks a critical breakout above a descending trendline, signaling a shift in short-term momentum despite continued global market volatility. Dogecoin showed strength compared to Bitcoin and Ethereum during a period of high geopolitical tension triggered by U.S. airstrikes in Iran. Amid risk-off sentiment across financial markets, Dogecoin’s technical structure flipped bullish. The breakout above the $0.162 zone, a previously stubborn resistance level, has caught the attention of short-term…
Author: Blockto Team
Governor Abbott Signs Senate Bill 21 Into Law Texas has officially become the first U.S. state to fund and hold a Bitcoin reserve, marking a historic moment in the adoption of digital assets by public institutions. Over the weekend, Governor Greg Abbott signed Senate Bill 21, which authorizes the creation of a $10 million state-funded Bitcoin reserve, setting Texas apart from other crypto-curious states like Arizona and New Hampshire. This is the first instance of a U.S. state directly allocating public funds to purchase and hold bitcoin. $10 Million Purchase Signals Institutional Support The state will use $10 million from…
Ripple-Linked Token Reclaims $2 Mark on Heavy Volume XRP has jumped 11% over the past 24 hours, climbing from $1.967 to a high of $2.173, as investor demand surged amid continued geopolitical tensions in the Middle East. The cryptocurrency has reclaimed critical psychological levels and is now trading just below a key resistance at $2.20. Strong support is holding between $1.97 and $2.154, creating a base for further upside movement. The breakout came after high-volume buying pressure took hold, with trading volume spiking nearly 3x the daily average during the 22:00 UTC hour. Analysts are now divided on where XRP…
Cathie Wood’s Firm Continues to Reduce Circle Holdings Ark Invest is cashing in on Circle’s explosive stock rally, selling an additional 415,855 shares worth $109.6 million across its ETFs. The sale comes after Circle’s share price surged to $263.45, nearly 7.5x its IPO price of $31 earlier this month. Ark had previously sold over 609,000 shares last week and trimmed positions in two prior tranches as well. Circle, the issuer of the USDC stablecoin, became a public company earlier in June and has quickly become one of the hottest post-IPO performers of the year. Ark was among the first institutional…
APT Bounces Off Key Support with High-Volume Buying Aptos’ APT token has surged 6.6%, rebounding sharply from the $3.84 level as broader crypto markets recover from recent geopolitical-driven volatility. The token rallied from $3.84 to a high of $4.08, representing an 8.85% price range, and is now trading around $4.096. APT has potentially found strong support between $3.87 and $3.89, confirmed by high-volume buying in this zone. This bounce aligns with the upward movement seen across the digital asset landscape, where the broader crypto index is up 5.3%, signaling a wider return of bullish sentiment. Technical Structure Points to Continued…
GENIUS Act Faces Delays Despite Trump’s Urgency Former President Donald Trump has urged the U.S. House of Representatives to rapidly pass the Senate-approved GENIUS Act, a landmark bill to regulate stablecoins. But key lawmakers suggest the legislative process may take longer, as critical differences between the House and Senate versions still need resolution. “NO DELAYS, NO ADD ONS,” Trump posted on Truth Social, demanding a clean passage of the GENIUS Act before the August deadline he proposed. Despite the urgency, House Financial Services Committee Chair French Hill indicated on Monday that the House is still evaluating the bill. Hill emphasized…
Circle Hits Record High as Investors Flock to Stablecoin Leader Circle (CRCL), the issuer of the widely-used USDC stablecoin, is experiencing a historic post-IPO rally, with its market capitalization climbing to nearly $60 billion — just shy of its own stablecoin’s circulating supply of $61.3 billion. On Monday, Circle shares briefly surged 22%, touching an all-time high near $299, before ending the session at $263, still up 9%. Since debuting at $31 earlier this month, the stock has skyrocketed over 750% — making it one of the most explosive IPO performances in recent financial history. Valuation Closes Gap With Coinbase…
ETH Surges Above $2,400 Following Middle East Peace Deal Ethereum (ETH) recorded a sharp price increase, rallying 9% to $2,420 after former U.S. President Donald Trump announced a two-phase ceasefire agreement between Israel and Iran late on June 23. The agreement is expected to end a 12-day conflict that had shaken markets worldwide. The ceasefire, set to begin with Iran’s 12-hour pause, followed by Israel’s 12-hour de-escalation, calmed geopolitical tensions and helped revive investor sentiment across high-risk assets, particularly crypto markets. Ether surged from $2,230 to $2,420 within hours, marking one of its strongest intraday performances in recent weeks. Whale…
Texas Facility Begins Operations, Targets 23 EH/s Hashrate Cipher Mining (CIFR) has officially commenced bitcoin production at its flagship Black Pearl data center in Texas. The facility, boasting 300 megawatts (MW) of capacity, marks a major milestone in the company’s expansion strategy. Phase I of the site is now active, running at 150 MW with an initial hashrate of 2.5 exahashes per second (EH/s). The firm expects to scale this figure to 9.6 EH/s by Q3, as newer-generation mining rigs are installed and older hardware is phased out. Once fully operational, Cipher’s total self-mining capacity is projected to reach 23.1…
Trump Declares Ceasefire Agreement Between Iran and Israel In a surprise development late Monday, U.S. President Donald Trump announced a “complete and total ceasefire” between Iran and Israel set to begin within hours. The announcement was made via his social media platform, sparking immediate reactions in financial markets — most notably, the crypto sector. According to reports, a senior Iranian official confirmed the ceasefire agreement, further validating Trump’s claim. The announcement brought a wave of optimism, especially amid heightened geopolitical tensions that had rocked global markets over the past 72 hours. Bitcoin Price Skyrockets Amid Optimism Following the ceasefire news,…