Repeated Rejection at Key Technical Level Dampens Momentum XRP fell 3.7% in the last 24 hours, retreating from a high of $2.288 to $2.260 after being rejected three times at the crucial $2.33 resistance level. This persistent barrier has shifted short-term sentiment, despite recent optimism from regulatory wins and ETF speculation. Resistance at $2.33–$2.34 remains firm, forming a clear technical ceiling after multiple failed breakout attempts. Market Outlook: Regulatory Buzz Meets Bearish Price Action Market volatility was initially driven by anticipation of a potential spot XRP ETF, with expectations tied to a possible decision by major asset managers. Additionally, Ripple’s…
Author: Blockto Team
U.S. Debt Sale Surprises with Investor Confidence Wednesday’s U.S. Treasury auction of 10-year notes saw strong investor demand, offering a yield of 4.421% and drawing in more than 2.5 times the amount offered. Despite rising debt concerns, this response challenges the prevailing narrative that global investors are losing interest in U.S. government debt. Only 9% of the $39 billion issuance was absorbed by primary dealers, the fourth-lowest figure on record — signaling strong real investor interest. $36 Trillion Debt and the Hedge Debate Yet, the broader context remains alarming. The U.S. national debt has surpassed $36 trillion, amounting to over…
High Demand Pushes Plasma to Raise Stablecoin Vault Limit Plasma, a Bitcoin sidechain optimized for fee-less USDT transactions, has doubled its stablecoin deposit cap to $1 billion after its initial $500 million threshold was reached in under an hour. The second round filled even faster—within just 30 minutes—highlighting significant community interest in Plasma’s upcoming XPL token sale. Depositors earn the right to participate in the XPL public sale, which is planned at a $500 million fully diluted valuation (FDV). Clarifying the Public Sale and Deposit Mechanics Plasma has emphasized that these deposits do not constitute a token sale. The funds…
Crypto-Related Crime Wave Escalates in France French police have made more arrests in the high-profile case involving the kidnapping of a crypto entrepreneur’s father, signaling a broader crackdown on an alarming rise in crypto-related crimes across the country. The victim was held captive for several days and had a finger severed as part of the ransom demands, with kidnappers asking for up to €7 million ($8 million). The hostage was rescued during a May 3 police raid, resulting in the initial arrest of five suspects. Since then, several more arrests have been made, according to officials close to the investigation.…
All Eyes on June 16 as Ripple vs. SEC Enters Critical Phase The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may soon enter its final stages, with an important deadline approaching on June 16, 2025. The SEC is scheduled to submit a status report that could reveal whether a settlement is progressing or if the courtroom fight will continue. Ripple and the SEC previously agreed to a 60-day pause in litigation, approved on April 16, to explore a potential settlement. As per the proposed terms, Ripple would pay a reduced penalty of $50…
Global Focus on BOJ’s June Policy Meeting All eyes are on the upcoming Bank of Japan (BOJ) policy meeting on June 16–17, as speculation mounts that the central bank may delay quantitative tightening (QT) and possibly reintroduce quantitative easing (QE) measures. This decision could have significant implications for global markets—especially Bitcoin and other risk assets. A shift toward more accommodative monetary policy by the BOJ could trigger renewed capital flows into crypto. Japan’s Mixed Economic Outlook Recent data from Japan presents a complex economic backdrop. In May, wholesale inflation slowed, with the Corporate Goods Price Index (CGPI) rising just 3.2%…
Cosmos Token Shows Resilience Amid Market Volatility The Cosmos (ATOM) token is showing signs of bullish resilience after establishing strong support around the $4.50 level. Recent price activity reflects a 3.5% daily trading range, with buyers stepping in aggressively at key levels to defend downside pressure. Support at $4.502 was confirmed by strong buying volume totaling 1.63 million units, helping to maintain price structure despite intraday volatility. The token formed a higher low at $4.522, suggesting that bullish momentum may be building — although resistance at $4.60 remains a major level to watch for a potential breakout. Ethereum Whale Activity…
Health Tech Firm Embraces Bitcoin to Drive Strategic Growth H100 Group AB, a Swedish health technology company, saw its shares skyrocket by 45% after announcing a successful $10.6 million fundraising round to expand its Bitcoin treasury strategy. The company’s stock closed at 4.64 krona ($0.49) on the Nordic Growth Market, marking a 280% gain since it first revealed its Bitcoin ambitions on May 22. The $10.6 million raise will be used to accelerate H100’s Bitcoin acquisitions, reflecting the firm’s strong commitment to digital asset integration. Breakdown of the Capital Raise The funding consisted of two key components: Convertible loans can…
From Real Estate to Solana Treasury Strategy DeFi Development Corp, once a real estate financing company, has pivoted into a Solana-focused treasury firm, now holding over 609,000 SOL tokens valued at approximately $97 million. This strategic shift reflects a broader trend of corporations embracing crypto assets as part of their financial infrastructure. The company began accumulating Solana on April 8, starting with 2,858 SOL, and made its 11th purchase on May 15, acquiring 16,447 SOL at an average price of $139.66. $1 Billion Capital Raise Blocked—Temporarily The firm had filed a Form S-3 registration statement with the U.S. Securities and…
Legislative Clarity May Supercharge USD-Backed Stablecoin Growth The U.S. dollar-backed stablecoin market is poised to undergo massive growth, with Treasury Secretary Scott Bessent projecting that the market could exceed $2 trillion by 2028 — if regulatory support through legislation like the GENIUS Act is enacted. “I believe that $2 trillion is a very reasonable number, and I could see it greatly exceeding that,” Bessent told the Senate Appropriations Committee. GENIUS Act Gains Momentum in the Senate On Wednesday, the U.S. Senate voted to advance the GENIUS stablecoin bill, moving it closer to final approval. The legislation would: The GENIUS Act…