‘Policy Procrastination’ Hurting UK’s Digital Asset Ambitions The UK is rapidly losing its early advantage in digital finance, according to a critical analysis from the Official Monetary and Financial Institutions Forum (OMFIF). In a recent blog post, John Orchard and Lewis McLellan argue that the UK’s vague and delayed approach to crypto regulation is causing the nation to fall behind both the EU and the US. “The UK keeps missing the boat on DLT finance,” the report said, warning that continued delays in regulatory clarity are undermining innovation. While the UK had once aimed to become a post-Brexit leader in…
Author: Blockto Team
Top XRP Holders Are Cashing Out at Record Pace XRP, currently priced at $2.13, is facing significant downside pressure as its most profitable investors are realizing profits at a rate of $68.8 million per day (7-day average), according to on-chain data. These sellers — primarily those who bought before the November 2024 rally when XRP traded under $0.50 — are now exiting with over 300% gains. This behavior mirrors patterns seen during XRP’s 2017 cycle top, which preceded a 90% market crash. Realized Cap Data Reveals Market Is Top-Heavy Over 70% of XRP’s realized cap — a metric reflecting the…
Bloomberg Analysts See Over 90% Chance of ETF Approval Confidence is rapidly building that the U.S. Securities and Exchange Commission (SEC) is preparing to approve a broad set of cryptocurrency ETFs, according to prominent analysts. James Seyffart and Eric Balchunas report that approval odds for most pending applications are now above 90%, fueled by recent positive engagement between regulators and asset managers. This represents a major shift in regulatory posture, especially given the SEC’s historically cautious stance on digital assets. Altcoins May Be Classified as Commodities Adding to the momentum, the analysts noted that the SEC appears to be reconsidering…
Blockchain Sleuth Exposes Alleged Crypto Laundering In a major revelation shaking the DeFi community, blockchain investigator ZachXBT has accused Garden Finance, a Bitcoin bridge protocol, of being deeply entangled in laundering stolen funds — specifically, those linked to the infamous Bybit hack and North Korean Lazarus Group. “Over 80% of your fees came from Chinese launderers moving Lazarus Group funds,” ZachXBT posted on June 21, directly calling out the platform’s co-founder Jaz Gulati. What is Garden Finance? Garden Finance presents itself as the “fastest Bitcoin bridge”, boasting: But these numbers are now being questioned due to alleged centralized liquidity activity…
Bitcoin Faces Fresh Drop as Retail Sentiment Hits April Lows Bitcoin (BTC) fell nearly 4% in the past 24 hours, dipping from a high of $106,552 to $102,411, before stabilizing near $103,813. This move has pushed prices below the key psychological level of $104,000, rekindling fears of deeper losses. What’s striking is the backdrop of growing retail pessimism, now at its most bearish level since early April, when former U.S. President Trump announced the controversial Liberation Day tariffs. According to crypto analytics firm Santiment, the bullish-to-bearish sentiment ratio is now at just 1.03:1 — a historically low point that has…
Regulatory Overhaul Targets Greater Market Transparency Thailand’s Securities and Exchange Commission has opened a public consultation period aimed at reforming token issuance rules. The proposed framework would permit crypto exchanges and affiliated individuals to issue utility tokens, under stricter transparency obligations. Exchanges must disclose identities of those connected to token issuers, helping the SEC monitor potential insider trading violations. This initiative marks Thailand’s latest move to bring greater clarity and regulatory oversight to its fast-growing digital asset ecosystem. Balancing Innovation and Compliance The consultation arrives amid broader efforts to legitimize crypto adoption in Thailand, including tax exemptions for digital asset…
Market Value Overshadowed by Ongoing Decline Over the past 24 hours, Ethereum’s market capitalization fell to approximately $293 billion, following a 4–5% dip in its price to around $2,435 USD. This decline occurred even as global market activity remained moderate. Trading Volume Remains High Despite the market cap drop, Ethereum recorded a substantial $20–22 billion in 24-hour trading volume, signaling ongoing high liquidity and investor participation. Most volume was concentrated across major exchanges, reflecting sustained interest in Ether. Price Action: Consolidation and Short-Term Selling Price-wise, ETH traded within a band of $2,389 to $2,559 over the day, with a low near $2,371 and a…
Circle Gets a Buy Rating Amid Explosive Market Potential Circle Internet Group (CRCL), the recently listed stablecoin issuer, has surged to new highs after receiving a buy rating from Wall Street firm Seaport Securities. The firm initiated coverage with a $235 price target, citing long-term growth potential in the global stablecoin market. “We project a stablecoin market cap of $2 trillion over the coming years, up from just $260 billion today,” analysts noted. Circle’s business model is seen as particularly well-positioned to capture a sizable share of that growth. CRCL Stock Surpasses Target Just Weeks After Listing Shares of CRCL…
From Biotech to Bitcoin Treasury Strategy Bridge Biotherapeutics, a Seongnam-based biotech firm, has announced a major shift in its corporate vision with a 25 billion won ($183.3 million) capital injection from crypto investment firm Parataxis. The company will use the funds to establish a Bitcoin treasury, marking a rare and bold move in South Korea’s corporate sector. The company will rebrand as Parataxis Korea while remaining listed on the KOSDAQ exchange. Inspired by Global Bitcoin Treasury Leaders This strategy mirrors global pioneers like Strategy in the U.S. and Metaplanet in Japan, both of which have aggressively acquired Bitcoin as a…
Trump Crypto Adviser Leads Bold Capital Raise Nakamoto Holdings, a Bitcoin-focused treasury company led by David Bailey, a crypto adviser to U.S. President Donald Trump, has successfully raised $51.5 million in fresh capital. The funds were secured through a private placement in public equity (PIPE) round, priced at $5.00 per share, and finalized in under 72 hours — signaling strong investor confidence. “We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible,” said Bailey. $763M in Total Capital Backing BTC Accumulation Including this latest round, total funding now stands at…