Author: Blockto Team

Joint Motion Signals Ripple-SEC Settlement In a dramatic twist on Friday the 13th, Ripple and the U.S. Securities and Exchange Commission (SEC) filed a joint motion in a Manhattan federal court to modify the existing injunction and release $125 million in escrowed penalties. Under the proposed deal, $50 million would be allocated to the SEC, while Ripple would reclaim $75 million. This potential resolution marks a critical moment in one of the longest and most high-profile legal battles in crypto history. If approved by Judge Analisa Torres, both parties will jointly seek limited remand from the Second Circuit Court of…

$100M ADA Swap to Bitcoin and Stablecoins Suggested In a bold move to strengthen Cardano’s decentralized finance (DeFi) ecosystem, Charles Hoskinson has proposed converting $100 million worth of ADA into Bitcoin (BTC) and stablecoins such as USDM and USDA. The plan aims to fuel on-chain liquidity and improve Cardano’s stablecoin issuance, a sector Hoskinson says is lagging behind major competitors. “This would generate non-inflationary revenue and help build Cardano’s DeFi economy,” Hoskinson stated. He emphasized that this conversion would not negatively affect ADA’s market, rejecting concerns about liquidity and volatility. Boosting TVL and Stablecoin Ratio Cardano currently holds a Total…

BUIDL Captures 40% of the Tokenized Treasury Market BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has experienced a $1 billion increase in assets under management from March 26 to June 11, 2025, bringing total assets to $2.89 billion. This growth highlights the rapid adoption of real-world asset (RWA) tokenization, especially among institutional players. BUIDL now accounts for 40% of the $7.34 billion tokenized U.S. Treasury market—a milestone that underscores its growing influence. Ethena Labs Drives Growth with USDtb Contribution The recent expansion was driven largely by Ethena Labs, which injected $1.3 billion worth of USDtb stablecoins into the BUIDL Fund.…

Middle East Conflict Triggers Risk-Off Sentiment Ether (ETH) tumbled sharply as rising geopolitical tensions sent investors fleeing from crypto and risk assets. On Friday, ETH plunged 7.05%, falling from an intraday high of $2,770.56 to a low of $2,477.71, before stabilizing around $2,536. The move marked ETH’s lowest level in over 10 days and came amid a broader flight to safety after Israeli airstrikes on Iranian military sites. Investors Turn to the Dollar and Gold Following the strikes, the global markets entered risk-off mode, driving capital into traditional safe havens: ETH’s drop mirrored sell-offs in equities, bonds, and other high-risk…

A New Chapter for Bitcoin: From Store of Value to Financial Powerhouse At the Bitcoin 2025 conference in Las Vegas, top developers and founders revealed a shared vision: Bitcoin DeFi (Decentralized Finance) is ready to reshape the financial world. Moving beyond its role as a store of value, Bitcoin is being positioned as the foundation for trustless financial systems that offer self-sovereignty, real-world utility, and global access. Bitcoin is “too big to remain passive,” say developers building DeFi solutions on top of the Bitcoin network. Layer-2s and Sidechains Fuel the DeFi Expansion Key innovations like Liquid Network, Rootstock (RKS), and…

Ripple Positions XRP for the Future of Cross-Border Payments Ripple CEO Brad Garlinghouse recently shared a bold vision for XRP’s role in global finance. Speaking at the XRP APEX 2025 event in Singapore, Garlinghouse stated that XRP could capture up to 14% of SWIFT’s global transaction volume within the next five years. Garlinghouse emphasized that Ripple is focusing not just on messaging, but on solving the liquidity problem that banks face in international money transfers. Understanding SWIFT’s Current Role SWIFT currently powers the messaging infrastructure for interbank transfers across the globe. However, SWIFT does not move money—it simply sends transaction…

High Court Rejects Initial Proposal – Zettai Gets Final Deadline Singapore’s High Court has officially set June 20, 2025, as the deadline to respond to Zettai’s revised restructuring proposal for embattled crypto exchange WazirX. This comes after the initial plan was rejected on June 4, leaving the future of 4.4 million users and their frozen assets uncertain. Zettai filed for further arguments under case HC/SUM 940/2025 on June 6, hoping to gain approval for a revised plan to regain court support. ₹2,000 Crore Hack Still Unresolved The urgency stems from the July 18, 2024 hack, in which over ₹2,000 crore…

Retail Giants Eye Blockchain for Faster Payments Retail powerhouses Walmart and Amazon are reportedly considering launching their own stablecoins, signaling a major shift in the integration of digital currencies into global e-commerce. According to sources close to the matter, both companies are evaluating U.S. dollar-backed stablecoins to improve transaction speed, reduce fees, and enhance cross-border efficiency. Neither company has officially confirmed their stablecoin initiatives, but internal discussions are reportedly underway. Billions in Revenue Could Shift from Traditional Banking Amazon posted $638 billion in total revenue in 2024, with $447 billion in global e-commerce sales. Meanwhile, Walmart’s global e-commerce revenue surpassed…

Policy Watchdog Raises Concerns Over Lack of Transparency The U.S. Securities and Exchange Commission (SEC) is under scrutiny after a prominent policy advocacy group raised objections to how the agency is currently handling cryptocurrency-related policy. In a formal letter, the group criticized the SEC’s cryptocurrency task force for relying on informal guidance documents rather than established regulatory processes. SEC Accused of Sidestepping Public Review Process One of the key concerns highlighted was that the SEC’s recent guidance—particularly around meme coins and other digital assets—was issued without undergoing the standard public comment and review process. This approach, according to the advocacy…

Market Reacts to Israel’s Strike on Iran The global crypto market experienced a significant downturn on June 13, with the total market capitalization falling 4% to $3.24 trillion. The sharp decline followed a military operation by Israel targeting Iranian nuclear facilities and strategic sites. This heightened geopolitical tension has shaken investor confidence and led to mass liquidation across crypto markets. Over $1 Billion in Longs Liquidated The geopolitical shock sparked extreme market volatility, resulting in over $1.15 billion in crypto futures liquidations, with more than $1 billion in long positions wiped out. This wave of liquidations has added fuel to…