China is intensifying efforts to globalize its digital yuan, with top officials signaling strong commitment to making the central bank digital currency (CBDC) a key player in international finance. PBOC Targets International Expansion via Shanghai Pan Gongsheng, governor of the People’s Bank of China (PBOC), recently announced plans to establish an international operations center in Shanghai for the digital yuan, also known as the e-CNY. This statement was made during the Lujiazui Forum, an influential financial summit attended by top regulators and global finance leaders. Pan emphasized that the move is part of China’s broader vision to promote a “multipolar”…
Author: Blockto Team
Telegram founder Pavel Durov has been granted permission to leave France for the second time since his detention in August 2024, according to a report by French newspaper Le Monde. Durov, who remains under investigation for alleged illicit activities facilitated through the Telegram platform, has been cleared to travel only to Dubai — Telegram’s headquarters — for a strict 14-day period starting July 10. Durov Previously Traveled in March Under Similar Restrictions This latest travel allowance mirrors an earlier exception granted in March 2025, when French authorities temporarily permitted Durov to visit Dubai for several weeks. The new decision again…
Bitcoin is solidifying its position above $100,000, with top analysts suggesting that this level is no longer just support — it is becoming the new psychological baseline for investors. Despite a mix of geopolitical tensions and tight Federal Reserve policy, Bitcoin has remained resilient, trading above $100,000 for over five weeks. This steady performance underscores its growing status as both a macro hedge and a long-term treasury reserve asset. Institutions Signal Confidence Amid Uncertainty Elliot Johnson, CEO of the recently launched Bitcoin Treasury Corporation, emphasized BTC’s strength during recent global and economic volatility. “Bitcoin has remained incredibly resilient,” he noted,…
Cardano’s ADA token slipped beneath the $0.60 psychological support on June 19, signaling bearish short-term sentiment despite a 30% spike in 24-hour trading volume. The movement comes amid early signs of potential market accumulation and a shift in investor behavior. Break Below $0.60 Marks Weak Technical Position ADA fell to $0.5965, breaching a critical support level at $0.60 that had held earlier in the day. The move invalidated a possible bullish reversal setup, including a developing triple bottom pattern, which typically indicates a potential rebound. The final hourly candle closing below $0.60 without a strong bounce confirms the break of…
The $90 million crypto hack on Nobitex, Iran’s largest digital asset exchange, is emerging as more than just another exploit — it’s a politically motivated operation with deep geopolitical implications. The attackers, a pro-Israel hacker group called Gonjeshke Darande (Farsi for Predatory Sparrow), deliberately burned the stolen assets in a public act of defiance, delivering a blow to Iran’s sanction-evasion network. Politically Charged, Not Profit-Driven This wasn’t your typical cybercrime. Instead of laundering the stolen funds, Gonjeshke Darande sent them to irretrievable “vanity” wallets — blockchain addresses encoded with messages like “terrorist” and linked to the Islamic Revolutionary Guard Corps…
DT Marks DeFi LLC, a firm linked to former U.S. President Donald Trump, has quietly reduced its equity interest in the holding company behind World Liberty Financial, a controversial crypto project under growing regulatory and political scrutiny. Equity Interest Falls from 75% to 40% in Six Months According to updated disclosures on the World Liberty Financial website, DT Marks DeFi now holds a 40% equity stake, down from 60% in March 2025 and a significant drop from 75% in December 2024. The exact timing of the stake reduction remains unclear, but it represents a 20% decline since March and a…
Bitcoin Cash (BCH) surged to $480.10 on Tuesday, posting a 3.15% daily gain as its 24-hour trading volume jumped 21.98% above the 30-day average. While the broader crypto market faced pressure from macroeconomic tensions, BCH stood out for its strength and momentum. BCH Defies the Broader Downtrend As Bitcoin and Ethereum struggled under geopolitical uncertainty and declining sentiment, BCH bucked the trend with a decisive move upward. The asset rebounded from a session low near $454, after finding solid support at the $455–$458 zone. The upward push was confirmed by sustained buy-side activity, especially during peak U.S. market hours. Volume…
Project Eleven has raised $6 million to proactively defend Bitcoin from future quantum computing attacks that could compromise its foundational cryptography. With quantum technology rapidly advancing, this project is aiming to ensure that Bitcoin remains secure and verifiable in a post-quantum world. Quantum Threat to Bitcoin’s Cryptography Bitcoin’s core security relies on elliptic curve cryptography (ECC). However, quantum computers could one day break ECC, making private keys vulnerable and funds exposed. Project Eleven defines “Q-Day” as the moment quantum machines can compromise ECC, effectively nullifying today’s crypto security. To raise awareness, the group has launched the Q-Day Prize, offering 1…
Elon Musk’s X (formerly Twitter) is preparing to roll out in-app trading and investing tools as part of its bold transformation into an all-in-one super app. This initiative marks a major step toward integrating finance and social interaction under a single platform. A Super App Inspired by WeChat X’s strategy follows the blueprint of China’s WeChat, which allows users to chat, shop, pay bills, and invest—all within one app. Under Musk’s vision, X is rapidly evolving from a microblogging site into a comprehensive digital platform offering everything from payments to investing. CEO Linda Yaccarino confirmed that the new features will…
Bitcoin continues to trade sideways near the $105,000 mark, as the U.S. Federal Reserve held interest rates steady and signaled no imminent rate cut. Despite rising stagflation concerns, the central bank maintained its cautious “wait-and-see” stance—fueling market indecision across traditional and digital assets. Fed Holds Rates Amid Slower Growth and Sticky Inflation The Federal Open Market Committee (FOMC) on Wednesday kept its benchmark rate unchanged, in line with analysts’ forecasts and CME FedWatch data. Inflation pressures have eased, but so has U.S. economic growth—prompting concerns over stagflation, where inflation stays high while growth slows. Fed Chair Jerome Powell acknowledged signs…