Author: Blockto Team

Vietnam Passes Landmark Law on Digital Technology Industry On June 14, Vietnam’s National Assembly approved the Law on Digital Technology Industry, a groundbreaking piece of legislation that officially recognizes crypto assets and signals the nation’s ambition to become a global tech leader. The law is scheduled to take effect on January 1, 2026. This new legal framework places digital assets under formal regulation, distinguishing between two key categories: While both categories involve digital encryption and validation, they do not include digital fiat currencies, securities, or financial instruments. Legal Oversight and Global Compliance The Vietnamese government is now tasked with defining…

Stablecoin Ordinance to Take Effect on August 1 Hong Kong is taking a significant leap in digital finance with the official passage of the “Stablecoin Ordinance”, which will come into effect on August 1. This regulation marks a major milestone in the region’s mission to become a global leader in digital asset innovation. The legislation provides a regulatory framework for issuing and managing fiat-backed stablecoins, aiming to create a secure and scalable environment for adoption while maintaining financial stability. HKD 17.2 Billion in Digital Asset Transactions in 2024 In a recent policy essay titled “Accelerating Progress and Steady Sailing,” Hong…

Bitcoin Holds Firm Above $105K After Geopolitical Shakeout Bitcoin (BTC) is trading at $105,590, up 0.15%, after recovering from a brief dip caused by rising tensions in the Middle East. Following a temporary drop below $104,000, the cryptocurrency bounced back strongly, supported by high-volume accumulation in the $104,400–$105,000 range. Analysts identify this zone as a critical support level, with technical indicators pointing to sustained bullish momentum. Trading volume surged between 16:00 and 20:00 GMT, leading to a bullish breakout above $105,000, and intraday consolidation continues near $105,470 — suggesting upside potential toward the $106,000 level. Younger Investors Are Chasing Whole…

XRP Maintains Support Above $2.10 Amid Regulatory Tension The XRP price remains resilient above the $2.10 level, despite legal uncertainty surrounding Ripple’s ongoing battle with the U.S. SEC. As of June 14, XRP is trading near $2.15, holding its ground after a pullback from the recent $2.30 high. The price action comes as Ripple and the SEC jointly seek an “indicative ruling” from Judge Analisa Torres — a rare legal move aiming to reopen a decided case. Legal experts have raised questions about the strength of the motion, citing the lack of “exceptional circumstances” typically required for reconsideration. RLUSD Minting…

K Wave Media Surges Over 130% After Bitcoin Purchase Plan Nasdaq-listed K Wave Media (KWM) stunned markets this week after announcing its intention to acquire Bitcoin as part of its long-term corporate strategy. The stock surged 132.39% in a single day, riding a wave of investor excitement about its pivot into digital assets. The media company, known for its K-Pop-focused operations, revealed plans to raise up to $500 million through a stock sale. According to company leadership, the capital will be used for Bitcoin purchases, mergers and acquisitions, and general corporate expansion. Bitcoin Becomes a Core Strategic Asset “By embedding…

Geopolitical Tensions Trigger Broader Crypto Sell-Off Litecoin (LTC) has seen a sharp decline, falling over 4.3% in the past week and more than 14% in the last 30 days, as global risk sentiment deteriorated following escalating conflict between Israel and Iran. The geopolitical clash caused a $150 billion reduction in the total crypto market cap, as investors moved away from volatile assets. Price Recovery Stalls at Key Resistance After briefly rebounding from recent lows, LTC’s recovery attempt stalled at $97.80, a level aligned with the 23.6% Fibonacci retracement. Despite touching highs above $86 during Friday’s spike in trading volume, Litecoin…

Developers Eye the Next Big Leap in Digital Finance Stablecoins are nearing a turning point in global finance, according to the CEO of Circle, the issuer of USDC. Comparing the potential of programmable digital dollars to the revolutionary launch of Apple’s iPhone, the CEO believes that a wave of mass developer adoption is just around the corner. “We are not quite at the iPhone moment yet… but soon,” the CEO shared in a recent post, describing stablecoins as “the highest utility form of money ever created.” This bold vision reflects a growing sentiment that stablecoins will be central to the…

Binance Coin Resists Broader Altcoin Sell-Off BNB is demonstrating resilience despite heightened market volatility, holding firm above the $640 key support level after geopolitical tensions between Israel and Iran triggered a major sell-off in risk assets. The crypto market saw over $700 million in liquidations within 24 hours, yet BNB remained in a tight 1% trading range, avoiding a deeper correction that impacted other altcoins. Technicals Show Mixed Signals While BNB failed to breach the $660 resistance, it has been consolidating within a symmetrical triangle pattern, indicating indecision and a potential setup for a breakout. Support remains firm at $640,…

Attack Hits South Pars, the World’s Largest Gas Field Tensions escalated sharply in the Middle East over the weekend as Israel launched a direct strike on Iran’s South Pars gas field, causing a large explosion and fire at the Phase 14 processing facility. The strike, confirmed by local reports, forced the shutdown of a nearby production platform and marked a dramatic shift in the ongoing conflict. South Pars is the world’s largest natural gas field, shared by Iran and Qatar, and is a vital energy hub for Iran’s domestic supply. This attack signals the opening of a new front in…

ETH holds strong above key $2,500 support zone Ethereum (ETH) is trading at $2,508, down 0.88% in the last 24 hours, but successfully defended the psychological and technical support level at $2,500. This comes amid shifting institutional sentiment and growing divergence between retail and whale behavior. Despite the price correction from highs near $2,870, ETH’s broader structure remains intact, supported by strong accumulation from large holders. Whale and Shark Wallets Increase Holdings to 27% According to on-chain data, wallets holding between 1,000 and 100,000 ETH — known as whale and shark wallets — have added a net 1.49 million ETH…