Regulatory Green Light Fuels Solana Rally Solana’s native token SOL jumped 5% to $165.86 following reports that U.S. regulators are advancing the process for spot Solana ETFs. The news has renewed bullish momentum in SOL, pushing its price sharply higher in late Tuesday trading. Key Development: SEC Reviews S-1 Filings According to industry sources, the U.S. Securities and Exchange Commission (SEC) has requested amendments to S-1 filings submitted by prospective ETF issuers. The SEC reportedly expects the revised documents to be submitted within a week, after which regulators plan to provide comments within 30 days — a notable step forward…
Author: Blockto Team
Funding Fuels Global Expansion of Stablecoin Yield Platform UK-based fintech OpenTrade has raised $7 million in a strategic round, signaling rising investor interest in stablecoin-based yield solutions tailored for inflation-stricken markets. The round was led by Notion Capital and Mercury Fund, with participation from a16z crypto, AlbionVC, and CMCC Global, bringing OpenTrade’s total funding to $11 million within six months. The new capital will fuel OpenTrade’s growth in Latin America and Europe, where local currencies suffer from instability and traditional savings accounts offer minimal returns. Offering up to 9% Yield on USD and EUR Holdings OpenTrade’s “yield-as-a-service” platform enables fintechs,…
TON Breaks Resistance With Strong Volume Spike The Open Network (TON) has posted a 4.1% increase in the past 24 hours, showing signs of sustained bullish momentum. The token surged from $3.20 to a peak of $3.39, marking a 6.03% breakout that was supported by significantly above-average trading volume. The price action formed a clean uptrend characterized by higher lows and higher highs, signaling the continuation of bullish sentiment. A decisive break above the $3.33 resistance level added further conviction to the move, with volume rising to 5.77 million TON tokens traded, well above the 24-hour average. Support at $3.27…
Enforcement Head Steps Down With Sharp Criticism Cara Petersen, the acting enforcement director at the Consumer Financial Protection Bureau (CFPB), has officially resigned, delivering a strong rebuke of the Trump administration’s regulatory agenda. In her resignation email, Petersen claimed the Bureau’s ability to perform its core functions is “under attack like never before.” Having served under every CFPB director since the agency’s inception, Petersen condemned staff reductions, dismissal of enforcement cases, and termination of settlements with violators as deliberate steps toward dismantling the agency. “I have never seen the ability to perform our core mission so under attack,” she wrote.…
ETH Enters ‘Beast Mode’ as Volume Spikes Ether (ETH) has posted a strong 6.54% rally, climbing to $2,744.87 with bullish momentum and high trading volume. The breakout occurred after a sharp buying surge on June 9 and June 10, signaling renewed strength in Ethereum’s price action. Key Stats: Technical Analysis: Two Breakouts Fuel Uptrend Ether staged two critical volume-backed breakouts: A structure of higher highs and higher lows confirms a strong uptrend. The current double-bottom near the $2,720–$2,740 range suggests price consolidation may occur before another leg up. Macro and On-Chain Catalysts Driving Momentum Several macro tailwinds and on-chain signals…
Limited Crypto Funding in High-Stakes Race As New Jersey heads into the most expensive gubernatorial primary in its history, crypto-linked contributions have played only a minimal role. Despite the $85 million reportedly spent to support or oppose candidates, filings show less than $4,000 came from individuals associated with the crypto industry. Small Donations from Industry Insiders According to campaign finance data submitted to the New Jersey Election Law Enforcement Commission, there were only a few small contributions tied to crypto professionals: These figures stand in sharp contrast to the 2024 federal elections, where crypto-backed PACs like Fairshake and Protect Progress…
Altcoins Surge While BTC Tests Key Resistance Bitcoin has once again breached the $110,000 level, rising by more than 1% in the last 24 hours, but questions remain about the sustainability of this rally. This price movement was closely mirrored by a broader altcoin surge, especially within the DeFi sector. Uniswap (UNI) and Aave (AAVE) were among the top performers, jumping 24% and 13% respectively. Their gains were fueled by positive comments from the SEC Chair regarding decentralized finance, injecting optimism into an otherwise cautious market. Meanwhile, other large-cap assets like Ether (ETH), Solana (SOL), and Chainlink (LINK) also showed…
A Strategic Vision for Digital Asset Regulation Brian Quintenz, nominated by former President Donald Trump to lead the Commodity Futures Trading Commission (CFTC), has expressed a clear commitment to fostering innovation in the crypto space while ensuring consumer safeguards remain strong. At his Senate confirmation hearing, Quintenz emphasized that Congress holds the key to unlocking the full potential of digital assets, urging for market structure legislation that empowers the CFTC to take a leading role in overseeing crypto markets. “Congress should create an appropriate market regulatory regime to ensure that this technology’s full promise can be realized,” said Quintenz. Supporting…
The U.S. House Agriculture Committee has advanced a revised crypto market structure bill, signaling momentum toward clearer digital asset regulations. While this legislative movement gains traction, broader macroeconomic shifts across global bond markets may be providing indirect support to Bitcoin’s bullish narrative. Elevated U.S. Yields vs. Negative Swiss Bonds: A Diverging Trend An unusual divergence has surfaced in the bond market. U.S. Treasury notes are offering elevated yields exceeding 4%, while Swiss government bonds with maturities up to five years are yielding below zero—with the two-year note yielding -17.8 basis points. This contrast highlights the global economy’s fragmentation, as trade-war…
DeFi tokens exploded in value after the U.S. SEC’s new stance on regulation signaled a friendlier approach toward decentralized finance. On June 9, Uniswap (UNI), Aave (AAVE), and Sky Token (SKY) each surged over 20%, following comments from SEC Chair Paul Atkins suggesting regulatory flexibility for DeFi protocols. SEC Chair Signals Regulatory Relief for DeFi In a roundtable discussion, SEC Chair Paul Atkins called for exploring exemptions that would allow DeFi firms to operate with fewer restrictions. He emphasized that the right to self-custody private property is a “foundational American value.” This stance marks a sharp departure from the previous…