The United States is preparing to reshape the digital finance landscape with the expected passage of the GENIUS Act, a pivotal bill aimed at regulating stablecoins. This legislative move is poised to elevate stablecoins from a crypto-specific tool to a core component of the global internet payment system. What Is the GENIUS Act? The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) is a new U.S. Senate bill designed to bring clarity and oversight to the stablecoin sector. It proposes strict federal regulation for any stablecoin issuer managing more than $10 billion in assets. Smaller issuers could still…
Author: Blockto Team
Tron, the blockchain network founded by Justin Sun, is planning to enter U.S. public markets via a reverse merger with SRM Entertainment, a company already listed on the Nasdaq. The move signals a bold step for the Tron ecosystem as it aims to establish greater institutional presence and transparency in the American market. The deal is being facilitated by Dominari Securities, a New York-based investment bank reportedly connected to key U.S. financial and political circles. The merger is designed to create a holding structure modeled similarly to publicly traded firms like Strategy (MSTR), known for holding significant amounts of Bitcoin.…
Truth Social, the social media platform linked to former U.S. President Donald Trump, has officially filed an S-1 registration with the Securities and Exchange Commission (SEC) to launch a dual Bitcoin and Ethereum ETF. The proposed Truth Social Bitcoin and Ethereum ETF aims to provide investors with exposure to BTC and ETH without the complexities of direct cryptocurrency ownership. Key Highlights of the ETF Filing Why This ETF Matters This move follows the SEC’s recent approval of Trump Media and Technology Group’s (TMTG) $2.3 billion Bitcoin treasury registration. While TMTG stated it has no immediate plans to issue securities under this deal, the filing signals growing institutional interest in crypto-backed financial products. What’s Next? Truth Social…
Cardano (ADA) has regained bullish momentum, rising above $0.64 as its staking address count surpasses 1.3 million, a significant milestone that underscores growing investor confidence and long-term commitment to the network. ADA traded as high as $0.6502 early Monday before consolidating near $0.646, representing a 3% gain over 24 hours. The breakout above the $0.635 resistance level marked a critical technical development. ADA’s price structure is now forming higher highs and higher lows, supported by increasing trading volume — a classic signal of bullish continuation. Cardano’s Staking Ecosystem Hits New Highs The surge in staking participation is one of the…
Sweden-based H100 Group, a health-technology firm, is moving deeper into the Bitcoin space with an ambitious capital raise of up to 750 million Swedish kronor ($79 million). The funding will support its long-term Bitcoin treasury strategy, positioning the company as a growing institutional holder in the digital asset space. $15M Secured in First Tranche from Blockstream CEO In a major vote of confidence, Blockstream CEO Adam Back has committed 150 million kronor (approximately $15 million) in the initial round, also known as Tranche 6. The financing comes in the form of a convertible loan, offering strategic flexibility while aligning the…
CoinShares, a leading European digital asset manager, has officially joined the growing list of firms seeking approval to launch a spot Solana ETF in the United States. The company filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) — a necessary first step in bringing such a fund to market. The proposed fund, dubbed the CoinShares Solana ETF, would track the price of Solana (SOL) — currently the sixth-largest cryptocurrency by market cap. Staking Built Into the Fund One major highlight of the filing is CoinShares’ plan to integrate staking into the ETF. According to…
El Salvador has continued its strategy of daily Bitcoin purchases, acquiring 240 BTC since December 19, 2024, despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that discourages further accumulation of the asset. The country’s total Bitcoin holdings now stand at 6,209 BTC, worth approximately $663 million at current market prices. The ongoing purchases come in the wake of a controversial deal struck with the IMF, which included conditions to suspend Bitcoin’s legal tender status and to halt all public BTC acquisitions. Yet, El Salvador’s Bitcoin Office confirms that the government continues to buy one Bitcoin per…
Ethereum (ETH) climbed sharply on Monday, gaining over 3.71% to trade at $2,614, despite escalating geopolitical risks in the Middle East. The rally was driven by renewed risk appetite across global markets and substantial institutional inflows into Ethereum-linked investment products. ETH Breaks Above $2,600 Despite Global Conflict Concerns Ethereum rallied from $2,510 to $2,636 intraday, holding firm above $2,600 throughout U.S. trading hours. This performance came even as tensions between Israel and Iran intensified. Yet, global financial markets — including Tel Aviv equities and U.S. futures — remained surprisingly calm. The crypto market mirrored this sentiment, with all major digital…
Thai police arrested a Chinese national, Mr. Tianwei, on June 12, 2025, at Don Mueang Airport in Bangkok. He was allegedly involved in a $6.15 million Bitcoin scam targeting two Chinese businessmen during a fake crypto deal in northern Thailand. Fake Bitcoin Deal Leads to Millions Lost The case began on April 23, when Tianwei met the victims in Mae Sai, Chiang Rai province. The meeting, disguised as a legitimate Bitcoin transaction, led to the victims transferring crypto in two separate payments totaling 200 million Thai baht (approx. $6.15M). After receiving the funds, Tianwei disappeared without fulfilling his end of…
Strategy, the largest corporate holder of Bitcoin, has acquired 10,100 BTC for approximately $1 billion, reinforcing its position amid rising Middle East tensions. The announcement, made on June 16, follows heightened geopolitical conflict between Israel and Iran. Bitcoin Purchases Accelerate Amid Market Uncertainty The average purchase price was $104,080 per BTC, with total holdings now reaching 592,100 BTC, acquired at an average of $70,666 per coin. This aggressive accumulation came as Bitcoin briefly dipped to $103,639 during the week of June 10–15, following reports of Israeli airstrikes on Iranian nuclear facilities. Strategy capitalized on the market correction to significantly expand…