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…
Author: Blockto Team
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…
LTC Recovers Swiftly After Overnight Dip Litecoin (LTC) staged a notable recovery after an overnight sell-off, rising over 2% to reclaim key support levels. The digital asset found strong buying interest around the $91 zone, rebounding to hover near $92.95 in the latest trading session. Price action ranged from $90.97 to $93.58, reflecting a 2.88% intraday swing. The initial drop occurred during peak Asian trading hours, where prices fell 1.55% in minutes. However, as U.S. markets opened following a cooler-than-expected U.S. CPI report, traditional and crypto markets alike saw renewed buying. Market Eyes Potential Litecoin ETF Approval Traders appear to…
Company Reinforces Bitcoin Strategy with New Convertible Note Offering GameStop (GME) has doubled down on its Bitcoin treasury strategy, announcing a $1.75 billion convertible senior note offering aimed at expanding its crypto holdings. This move comes just weeks after the company revealed a $500 million Bitcoin purchase, acquiring 4,710 BTC in May 2025. The company’s investment policy clearly states that Bitcoin will serve as a core treasury reserve asset. According to the official statement, proceeds from the new offering will be used “for making investments in a manner consistent with GameStop’s Investment Policy,” which strongly suggests additional Bitcoin purchases are…
ETH Overtakes BTC in Derivatives Market Volume Ethereum (ETH) is gaining serious institutional traction as it now accounts for 45.2% of perpetual futures trading volume, overtaking Bitcoin (BTC), which stands at 38.1%. This shift signals that ETH is becoming the preferred asset among sophisticated investors, especially those looking to access regulated decentralized finance (DeFi) services. “Ethereum is overshadowing BTC on our perpetual futures market,” said a top executive from a major crypto trading platform. The current ETH price hovers around $2,770, marking an 11% increase month-to-date, compared to Bitcoin’s 5% gain during the same period. Institutional Activity Driving Price Momentum…
Senators Question Meta’s Digital Currency Intentions With the GENIUS Act—a proposed bill to regulate payment stablecoins—set for debate in the U.S. Senate, lawmakers are pressing Meta CEO Mark Zuckerberg on whether the tech giant is planning to re-enter the stablecoin market. In a formal letter sent Wednesday, Senators Elizabeth Warren and Richard Blumenthal demanded that Zuckerberg clarify any involvement Meta may have had in shaping the GENIUS Act, including consultations with outside parties or influence on the bill’s language. “It is more critical than ever that Congress and the public fully understand the extent of Meta’s plans,” the senators wrote,…
AAVE Gains 25% in a Week Amid Regulatory Optimism AAVE, a leading token in the decentralized finance (DeFi) space, has experienced a notable 25% surge since Monday, including a 3.8% gain in the past 24 hours. This rally has pushed the price above a critical resistance level at $311.50, signaling potential for further upside. The breakout was accompanied by strong trading volume, surpassing the 24-hour average by more than 140%. This bullish move comes as regulatory sentiment around DeFi shows signs of softening. Earlier this week, during a regulatory roundtable, SEC Chair Atkins hinted at possible exemptions for DeFi platforms,…
“Opportunity Cost” Tool Aims to Shift Economic Thinking to Bitcoin Standard Truth for the Commoner (TFTC), a media group advocating for Bitcoin and sound money principles, has released a new browser extension called “Opportunity Cost”. This tool allows users to view prices of products and services in Bitcoin (BTC) or satoshis (sats) alongside traditional fiat currencies—encouraging a shift toward Bitcoin-based economic calculation. “Distorted fiat signals have broken rational decision-making,” said TFTC’s founder. The open-source browser extension comes with no revenue model and has been designed with three primary goals: Redefining Opportunity Cost in the Fiat Era The founder of TFTC…
Brian Quintenz Grilled on CFTC Leadership, Crypto Stance, and Political Balance Brian Quintenz, former Commodity Futures Trading Commission (CFTC) commissioner and President Trump’s nominee to chair the agency, faced tough questions during a Senate confirmation hearing this week. Lawmakers pressed him on several controversial topics, including bipartisanship at the CFTC, crypto regulation, and debanking issues affecting the digital asset sector. Quintenz avoided stating whether he would support a bipartisan commission structure, drawing concern from several senators. Senate Demands Clarity on CFTC Composition Current law limits the CFTC to a maximum of three commissioners from the same political party, yet Quintenz…
Dubai Launches Sandbox to Power a Decentralized Machine Economy The United Arab Emirates (UAE) is taking a major leap in the decentralized technology space with the creation of the Machine Economy Free Zone in Dubai. Spearheaded by Layer-1 blockchain platform Peaq and Pulsar Group, the initiative aims to integrate robotics, artificial intelligence (AI), and tokenized infrastructure into a future economy that rewards participation through blockchain-based revenue sharing. The Free Zone offers a regulated environment for testing and building machine economy and DePIN (Decentralized Physical Infrastructure) applications. Empowering the Machine Economy Through Tokenization This sandbox model is designed to allow developers,…