Bitcoin (BTC) has shown impressive recovery in recent months, yet it continues to face strong resistance when attempting to surpass its previous all-time high (ATH). According to a recent market analysis, BTC currently lacks the fundamental and technical catalysts required for a sustained breakout. The Missing Catalyst for BTC’s Next Leg Up While Bitcoin remains in a long-term bullish structure, analysts warn of a short-term correction risk due to the absence of significant macroeconomic or structural triggers. “Although Bitcoin is rising, the risk of a short-term correction continues to increase,” the report highlights.“Without a strong macro or structural bullish catalyst,…
Author: Blockto Team
Avalanche’s native token AVAX is showing impressive resilience and strength, outperforming the broader crypto market amid volatile conditions. The token’s recent breakout signals renewed investor interest and momentum. AVAX Outpaces Market with Strong Gains In the last 24 hours, AVAX rose 4.2%, climbing from $20.91 to a peak of $22.47 before a brief pullback. This 7.4% intraday range demonstrates significant buying interest, especially compared to the broader market where the top 20 index climbed only 3.7%. The current trading price of AVAX is around $21.99, showing stability above multiple support levels. Technical Indicators Suggest Bullish Momentum Avalanche’s performance is being…
South Korea’s ruling Democratic Party has introduced a new bill that would permit qualified companies to issue stablecoins, marking a significant step toward crypto regulation and adoption. The proposed Digital Asset Basic Act aims to boost transparency and competition in the digital asset market while protecting investors. Key Provisions of the Proposed Stablecoin Law Under the draft legislation, companies can issue stablecoins if they meet the following conditions: The bill emphasizes consumer protection, requiring issuers to maintain full reserve backing to ensure stablecoin holders can redeem their tokens at any time. President Lee Jae-myung’s Crypto Push President Lee Jae-myung, who recently took office, has been a vocal supporter of crypto-friendly policies. During his campaign, he pledged…
American Bitcoin (ABTC), a Bitcoin mining firm backed by Eric Trump and Donald Trump Jr., has quietly accumulated 215 BTC (worth over $23 million) since its launch on April 1, 2024. The company, preparing to go public via a merger with Gryphon Digital Mining, is positioning itself as a long-term Bitcoin holder rather than just a mining operation. ABTC’s Bitcoin Accumulation Strategy In a June 6 SEC filing, ABTC revealed its 215 BTC reserve, previously undisclosed. The company stated: “ABTC considers its reserve a core strategic asset, managed adaptively to support balance sheet strength with a view to enhancing long-term stockholder value.” Unlike traditional miners, ABTC focuses on Bitcoin accumulation as its…
The crypto market is seeing renewed strength, and Polkadot’s native token DOT has surged more than 6%, breaking key resistance levels amid the wider rally led by Bitcoin. DOT Breaks Key Resistance Level Polkadot (DOT) experienced a 6.3% intraday gain, closing at $4.129, which placed the token above the psychological $4.10 resistance level. This technical breakout indicates potential for continued upward momentum. The breakout occurred between 21:00-22:00 with higher-than-average trading volume, confirming strong bullish sentiment and increased investor participation. Technical Analysis: Bullish Channel and High-Volume Breakout DOT formed a consistent ascending channel, with the peak at $4.215 recorded at 01:00…
A recent industry survey reveals that 60% of Fortune 500 companies are now actively working on blockchain projects, signaling a major shift in how large enterprises view digital assets and Web3 technologies. Institutional Crypto Adoption on the Rise The report highlights a significant trend: more than 80% of institutional investors plan to increase their exposure to crypto assets in 2025. This indicates rising confidence in the long-term value of blockchain technology and digital currencies in mainstream finance. One in five Fortune 500 executives considers on-chain initiatives a core part of their future business strategy. This marks a strategic pivot as…
In a major enforcement action, U.S. federal prosecutors have indicted Russian crypto CEO Iurii Gugnin in a $530 million international money laundering and sanctions evasion scheme involving his cryptocurrency platform, Evita. Massive Fraud Uncovered: $530M Laundered Using Stablecoins Between June 2023 and January 2025, Gugnin allegedly used Evita to funnel cross-border payments through U.S. banks and crypto channels. The scheme involved stablecoins like USDT and routed funds on behalf of sanctioned Russian entities, including Sberbank, VTB Bank, Sovcombank, Tinkoff, and Rosatom—a state-owned nuclear energy company. Prosecutors say over 80 falsified invoices were used to conceal the identity of Russian recipients.…
Ethereum (ETH) recorded a sharp 7% surge on June 10, trading above $2,680 and pushing the market higher with strong investor momentum. The rally is backed by a combination of institutional inflows, rising futures open interest, and bullish technical patterns. Strong Demand Reflects in Volume and Price As of June 10, Ethereum was trading at $2,679, marking a 7% gain in 24 hours. More significantly, daily trading volume jumped 114% to $26.5 billion, highlighting growing demand-side pressure. This volume surge reflects increasing trader confidence and short-term price momentum. Consistent Ethereum ETF Inflows One of the primary drivers is the seventh…
Riot Platforms, a leading U.S.-based Bitcoin mining company, has sold 1.75 million shares of Bitfarms in open market transactions totaling approximately $1.58 million. The move is part of an ongoing strategic review of Riot’s investment in its Canadian rival following an unsuccessful takeover bid earlier this year. Riot Lowers Stake but Remains a Major Shareholder The shares were sold on June 9 through Nasdaq and other open markets at a weighted average price of around $0.90 per share. Following the transaction, Riot’s beneficial ownership in Bitfarms dropped to 14.3%, down slightly from its previous level of just under 15%. “The…
SG Forge, the digital asset arm of French banking major Societe Generale, is preparing to launch its first U.S. dollar-backed stablecoin — USD CoinVertible (USDCV) — on Ethereum and Solana blockchains in July 2025. This strategic move marks the bank’s expansion into the $254 billion stablecoin market, targeting both institutional adoption and regulatory compliance under Europe’s MiCA framework. USDCV to Support Institutional Crypto Use Cases USDCV is designed to serve as a multi-functional digital asset for: What makes USDCV stand out is its institutional-grade structure. The reserves will be safeguarded by Bank of New York Mellon, offering high levels of…