Author: Blockto Team

Market Turmoil: Over $190M Wiped in 24 Hours The crypto market witnessed another sharp shakeup, with over $190 million in leveraged positions liquidated in the past 24 hours. Triggered by geopolitical instability in the Middle East, the market faced rapid sell-offs, particularly affecting Bitcoin and major altcoins. Bitcoin dropped nearly 4%, hitting a low near $102,664, as panic spread across risk assets. Despite the downturn, there are now signs of a potential bounce as short sellers are being flushed out of the market. Short Sellers Take the Heaviest Hit Today’s wipeout wasn’t evenly distributed. Of the $191.32 million liquidated, short…

Joint Motion Filed to End 4-Year Legal Battle After more than four years of courtroom conflict, the Ripple vs SEC case may finally be heading toward resolution. Both Ripple and the SEC have filed a joint motion for settlement, aiming to avoid further delays or appeals. Ripple seeks to unlock $125 million from escrow, proposing to pay $50 million as a civil penalty to the SEC and retain $75 million. This motion signals a serious effort to bring the long-running lawsuit to a close without prolonging uncertainty for Ripple or the broader crypto industry. Attorney John Deaton Predicts 70% Chance…

BTC Defends $105K Support as Market Eyes Geopolitical Risks Bitcoin remained resilient on June 14, trading at $105,101, down just 0.22% over 24 hours, despite growing concerns surrounding the Israel-Iran conflict and escalating global trade tensions. The asset briefly dipped to $104,182 overnight, sparking volatility in the Asia trading session, before rebounding with strong buying momentum. Over 15,000 BTC were traded during the recovery, indicating aggressive dip buying activity around key support levels. Geopolitical Uncertainty Weighs on Risk Markets The ongoing Israel-Iran war and renewed U.S. tariff concerns, tied to election-year politics, have pressured risk assets globally. The crypto market…

The “Satoshi Ally” Vows to Catch Bitcoin If It Ever Falls Adam Back, cryptography pioneer and CEO of Blockstream, has made headlines again—this time for placing a limit order to buy all available Bitcoin (BTC) at $0.02, in a symbolic move to prevent Bitcoin from ever crashing to zero. Back, who is notably referenced in Satoshi Nakamoto’s original Bitcoin whitepaper, said the gesture is part of a personal mission to ensure Bitcoin’s resilience, even under the most extreme circumstances. “If Bitcoin ever crashes to $0.02, I’ll buy it all,” he stated, echoing a sentiment that has sparked conversation across the…

Crypto Analyst Warns of Infrastructure Gaps, Utility Deficit In a detailed analysis posted on X (formerly Twitter), prominent crypto analyst Dr. Altcoin suggested that Pi Network may not reach mass adoption until 2030, citing significant infrastructure gaps, lack of real-world utility, and persistent price volatility. Despite a user base of over 60 million global users, Dr. Altcoin argued that Pi Network remains years away from becoming a functional peer-to-peer digital currency. “Pi has potential, but it still lacks the core pillars needed to sustain a real economy,” he wrote. Real-World Utility Still Missing Dr. Altcoin pointed to the absence of…

Illegal Mining Operation Uncovered in Mobile Truck Setup Russian authorities in the Republic of Buryatia have exposed a truck-based cryptocurrency mining operation illegally drawing power from infrastructure meant to serve a nearby village. The mobile setup was discovered during a routine power line inspection in the Pribaikalsky District, where a KamAZ truck was found secretly running 95 mining rigs along with a mobile transformer station. The truck was tapping into a 10-kilovolt line — enough electricity to power an entire small village. Authorities reported that two individuals fled the scene in an SUV before police could arrive. This incident highlights…

Plan Aims to Strengthen Cardano’s Native Stablecoin Ecosystem Cardano founder Charles Hoskinson has proposed a bold initiative to inject $100 million worth of ADA from the Cardano Foundation’s treasury into the project’s growing DeFi ecosystem. The informal proposal includes diversifying treasury holdings by purchasing assets like Bitcoin and Cardano-native stablecoins such as USDM, USDA, and iUSD. The plan, which is under review by the Cardano Foundation and key stakeholders, is intended to boost liquidity, adoption, and long-term sustainability for Cardano’s native decentralized finance projects. “We as an ecosystem have to be willing to invest in ourselves,” said Hoskinson during a…

SEC Appoints Jamie Selway as Director of Trading and Markets The U.S. Securities and Exchange Commission (SEC) has appointed Jamie Selway, a former global head of institutional markets at Blockchain.com, as the new Director of the Division of Trading and Markets. Selway brings substantial experience from both traditional finance and digital asset markets, signaling a notable shift in the SEC’s approach toward crypto regulation. Selway’s role at Blockchain.com from 2018 to 2019 provided him with direct exposure to institutional crypto trading and infrastructure. He joins the SEC during a time of evolving financial oversight, with regulatory agencies under pressure to…

Tax Authorities Target Crypto Traders Over Non-Disclosures India’s Central Board of Direct Taxes (CBDT) has begun a comprehensive investigation targeting individuals and firms that failed to report or misrepresented their crypto-related income. The action comes amid rising concerns over tax evasion and potential money laundering through digital assets. Thousands of taxpayers have been flagged as “high-risk defaulters” for failing to comply with Section 115BBH of the Income Tax Act. This section, introduced in the Finance Act of 2022, imposes a flat 30% tax (plus surcharge and cess) on income from transfers of Virtual Digital Assets (VDAs). Importantly, no deductions (except…

Uniswap Retraces Gains After Overnight Flash Crash Recovery Uniswap’s UNI token fell 6.36% to $7.3864 in the last 24 hours, reversing an early morning rally triggered by a V-shaped recovery from $6.82. The sharp drop and rebound were followed by renewed weakness as global markets responded to intensifying Middle East tensions. UNI surged 9.5% off the lows, reaching as high as $8.40 before retreating. Trump’s Warning Spurs Risk-Off Sentiment In a Friday morning statement, former President Donald Trump warned of “more brutal” actions against Iran, pushing investors away from risk assets. He said Iran would face “death and destruction” if…