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…
Author: Blockto Team
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…
Geopolitical Tensions Spark Market-Wide Sell-Off The cryptocurrency market turned sharply bearish after Israel’s recent strike on Iran, triggering a wave of fear-driven selling across digital assets. As of today, Bitcoin is down 3.5% to $104,209, while many altcoins have slipped between 6% and 9%. Pi Coin saw the steepest decline among top tokens, falling 13% in the past 24 hours to trade at $0.5506. The drop reflects both macro-level geopolitical instability and specific concerns tied to Pi’s development roadmap. Analyst Outlook: More Downside Possible Analysts believe the Israeli-Iranian conflict is adding serious pressure to already weak market sentiment. Dr. Altcoin…
Middle East Conflict Escalates With Israel-Iran Tensions Markets are facing renewed volatility after Israel launched a military strike against Iran, raising concerns of a wider conflict in the already unstable Middle East. This geopolitical shock has intensified risk sentiment globally, with energy prices spiking and defense-sector stocks gaining short-term momentum. Heightened conflict in the Middle East introduces uncertainty in oil supply, energy costs, and global trade dynamics. Despite the headlines, market fundamentals remain largely intact, and investors are advised to differentiate fear-driven volatility from lasting structural shifts. U.S.–China Trade Talks Deteriorate Amid Tariff Pressure In parallel, tensions between the United…
Public Firm Plans Major Bitcoin Investment Anthony Pompliano, a well-known cryptocurrency advocate and investor, is reportedly in discussions to become the chief executive of a publicly listed company aiming to raise $750 million to buy Bitcoin. The initiative would mark one of the largest corporate Bitcoin investment campaigns to date. The proposed funding includes $500 million in equity and $250 million in convertible debt. ProCapBTC and Columbus Circle Capital 1 Deal Structure The firm behind the initiative is said to be ProCapBTC, a newly formed entity that plans to merge with Columbus Circle Capital 1, a special purpose acquisition company…
The notorious darknet marketplace Huione, recently rebranded as Haowang Guarantee, is reportedly still operating at full capacity despite claims of a shutdown and multiple enforcement actions, according to a new report by Chainalysis. Shutdown in Name Only On May 13, Huione announced a shutdown after Telegram removed thousands of affiliated accounts and channels. However, Chainalysis data reveals no significant decline in transaction volume, highlighting the network’s ability to operate independently of its public-facing infrastructure. “The platform continues to process billions of dollars worth of transactions,” Chainalysis said, suggesting a highly resilient and decentralized system. U.S. Treasury Action Had Minimal Impact…
The U.S. Securities and Exchange Commission (SEC) has withdrawn over a dozen proposed rules, including two key crypto-related proposals from the Biden administration, marking a significant shift in federal regulatory policy under President Donald Trump. Key Crypto Rules Withdrawn Among the 14 rules rescinded are: In a statement on Thursday, the SEC said it was “withdrawing certain notices of proposed rulemaking” issued between March 2022 and November 2023. The agency clarified that it “does not intend to issue final rules” based on those proposals, though future rulemaking may revisit similar areas. “Down goes 3b-16, qualified custodian, and all the other…
As the Trump administration signals a friendlier approach to crypto, the Commodity Futures Trading Commission (CFTC) remains firm in its stance. Acting chair Caroline Pham emphasized that regulatory standards will not be lowered for digital assets, regardless of political backing. “There is no easy street for anybody, and regulators aren’t easy,” said Pham during the Coinbase Annual Summit on Thursday. Crypto Innovation Doesn’t Excuse Fraud Pham made it clear that being “pro-innovation and pro-growth” doesn’t mean tolerating violations. She drew a line between support for technology and criminal behavior like “lying, cheating, and stealing.” “We are not twisting the law…
Coinbase is expanding its footprint in traditional finance by announcing a new credit card partnership with American Express, offering attractive bitcoin cashback rewards. At the same time, the exchange is preparing to enter the U.S. crypto futures trading market, aiming to boost its service offerings. Coinbase One Card: 4% Bitcoin Rewards The Coinbase One Card, set to launch in fall 2025, will provide up to 4% cashback in Bitcoin (BTC) on everyday purchases. Developed in partnership with American Express, the card also features: This move allows crypto holders to earn and spend BTC as part of their daily financial activity.…
Cryptocurrency markets plunged on Friday following heightened geopolitical tensions in the Middle East. Israel’s launch of “Operation Rising Lion,” a military campaign targeting Iranian nuclear and missile sites, triggered widespread risk aversion among investors. Bitcoin and Ethereum Lead the Decline Bitcoin fell to $103,448.84, down 4.74% in 24 hours, while Ethereum tumbled 11.01% to $2,467.35, reflecting deeper anxiety in the altcoin market. The global crypto market capitalization shrank by 5.32%, falling to $3.23 trillion, signaling widespread selloffs across digital assets. The sharp downturn underscores how cryptocurrencies—despite being positioned as alternatives to fiat systems—remain vulnerable during periods of geopolitical instability. Geopolitical…