JD.com, one of China’s largest e-commerce giants, is officially entering the global stablecoin market with bold ambitions to revolutionize cross-border payments. The move coincides with a major legislative milestone in the United States—the passage of the GENIUS Act, a federal framework designed to regulate stablecoins. Global Licensing Push to Disrupt Traditional Payments At a recent press event in Beijing, JD.com founder Liu Qiangdong announced plans to apply for stablecoin licenses in all major sovereign currency nations. The company aims to cut cross-border payment costs by 90% and reduce settlement times to just 10 seconds—a sharp contrast to the traditional SWIFT…
Author: Blockto Team
Spokane, Washington’s second-largest city, has officially banned cryptocurrency ATMs, citing an alarming rise in scams targeting vulnerable residents. The decision makes Spokane the first city in the state to impose such a prohibition. City Council Moves to Protect Residents from Crypto Scams The Spokane City Council voted unanimously on Monday to pass an ordinance banning the installation of new crypto ATMs and mandating the removal of existing machines within 60 days. Council member Paul Dillon, who led the proposal, emphasized that these kiosks have “become a preferred tool for scammers” and that the measure is intended to “protect vulnerable Spokane…
Iran’s largest crypto exchange, Nobitex, has reportedly suffered a major security breach involving over $48.65 million in unauthorized outflows, sparking concerns about potential political motives linked to the Iran-Israel conflict. Suspicious Activity Detected on Tron Network Onchain data has flagged a suspicious outflow of $48.65 million worth of crypto assets, mostly on the Tron blockchain, from wallets associated with Nobitex. The incident has been traced to a vanity address containing the term “IRGC” — potentially referencing Iran’s Islamic Revolutionary Guard Corps, fueling speculation about politically driven cyber warfare. The attacker’s address — which explicitly references Nobitex and includes derogatory terms…
Ark Invest has offloaded over $44.7 million worth of Circle shares, trimming exposure to the stablecoin issuer just as the U.S. Senate passed the GENIUS Act, a major regulatory milestone for the crypto industry. ARK Sells 300,000+ Shares in Circle Cathie Wood’s Ark Invest sold a combined 300,108 shares of Circle Internet Group (CRCL) across three of its exchange-traded funds (ETFs) on Tuesday. The sale amounted to nearly $45 million, marking the second consecutive day of profit-taking as Circle’s stock continues to rise post-IPO. CRCL closed Tuesday at $149.15, maintaining strong bullish momentum since its market debut earlier this month.…
XRP faced a sharp sell-off over the last 24 hours, dropping by 4.5% as bearish sentiment intensified. The token slipped from $2.254 to $2.164, breaching key support levels and facing renewed pressure from short-term traders. Bearish Momentum Breaks Key Support XRP’s downward move was triggered by surging sell volume during peak trading hours, particularly between 15:00 and 16:00 UTC. During this period, trading volume more than doubled, pushing the price below the crucial $2.20 support zone and establishing resistance near $2.19. The token briefly attempted recovery, reaching $2.179, but was swiftly rejected as sellers dominated the order book once again.…
BNB, the native token of BNB Chain, has slipped 1.7% in the last 24 hours, dropping from $659 to $646, as investor sentiment weakens ahead of a major U.S. Federal Reserve meeting and amid intensifying geopolitical unrest in the Middle East. Heightened Uncertainty Pressures Price Action The drop comes in response to escalating tensions between Israel and Iran, with U.S. President Donald Trump reportedly summoning the National Security Council for strategic discussions. This geopolitical stress, coupled with broader market uncertainty, has weighed heavily on risk assets, including cryptocurrencies. BNB is now trading below the $647 support level, which had previously…
The cryptocurrency market saw sharp declines on Tuesday after U.S. President Donald Trump issued a provocative statement targeting Iran’s supreme leader, Ayatollah Ali Khamenei. The escalating rhetoric added fresh macroeconomic uncertainty, triggering a selloff across digital assets. Trump’s Statement Sparks Market Volatility In a post on his social media platform, Trump said, “We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target… but is safe there — We are not going to take him out, at least not for now.” He further warned, “Our patience is wearing thin… Iran must surrender unconditionally.” These remarks followed…
China’s central bank has announced a major move to bolster the global presence of its digital currency — the e-CNY — by establishing an international operations center in Shanghai. In a keynote address at the Lujiazui Forum, People’s Bank of China (PBOC) Governor Pan Gongsheng revealed that the center is aimed at accelerating the internationalization of the digital yuan and responding to shifting global payment dynamics driven by stablecoins and central bank digital currencies (CBDCs). e-CNY: One of the Most Advanced CBDCs Launched in pilot form in 2019, the e-CNY is considered one of the world’s most developed CBDCs, yet…
Cardano’s native token ADA fell sharply to $0.615, posting a 5.35% daily decline as broader market weakness and macroeconomic tensions continued to weigh on digital assets. This latest move marked a steady downtrend, as ADA dropped from a session high of $0.657 on Monday. Support Levels Crumble Amid Bearish Momentum The sell-off began around 22:00 UTC on June 16, when ADA broke below a key support zone at $0.650. The decline accelerated on high volume, pushing the token through additional support levels and establishing $0.620 as a potential new floor. Technical indicators show that ADA is trading within a descending…
Spanish banking giant BBVA is now advising affluent clients to allocate up to 7% of their investment portfolios to cryptocurrencies, including Bitcoin (BTC), as part of a broader strategy to enhance portfolio performance while embracing innovation. The move comes just months after the bank received regulatory approval in Spain to offer crypto trading services. BBVA Moves Ahead of the Curve BBVA, Spain’s second-largest bank, began executing crypto trades in 2021, but only started offering advisory services in late 2024. Now, the bank is recommending clients with higher risk tolerance to allocate between 3% and 7% of their investment portfolios to…