Ripple has launched a strategic Web3 initiative in Japan to empower startups building on the XRP Ledger (XRPL). In partnership with Web3 Salon and with the backing of JETRO (Japan External Trade Organization), the program aims to accelerate innovation in the region’s fast-growing blockchain space. Up to $200,000 in Grants for XRPL-Based Projects At the heart of the initiative is Ripple’s startup grant program, which offers up to $200,000 per project. The funding comes from the Japan & Korea Fund, a regional arm of Ripple’s $1 billion XRPL ecosystem fund launched in 2022. “The program will target startups building real-world…
Author: Blockto Team
Major cryptocurrencies struggled for momentum on Monday, even as Asian stock markets rallied on renewed hope for progress in U.S.-China trade talks. Hang Seng Breaks Above 24,000 for First Time Since March Hong Kong’s Hang Seng Index rose 1.3%, surpassing the 24,000 mark for the first time since March 24, driven by optimism surrounding the latest round of trade negotiations between the U.S. and China. “Optimism is at its highest since 2016, with top trade officials meeting in London this week,” analysts noted. Other Asian indices such as KOSPI and the Shanghai Composite also registered gains, despite deepening deflation concerns…
President Javier Milei has been officially cleared of wrongdoing in the LIBRA memecoin controversy, according to a resolution by Argentina’s Anti-Corruption Office released on June 5. The watchdog found that Milei’s social media post promoting the token was made in a personal capacity, not as part of his presidential duties. Watchdog Says Milei Acted Privately, Not Officially The investigation centered around a Feb. 14 post on X (formerly Twitter), in which Milei endorsed the LIBRA token, sparking a rapid price surge followed by a dramatic crash. LIBRA briefly reached a $4 billion market cap, then plunged by over 94%, leading…
Cetus Protocol, a decentralized exchange (DEX) on the Sui blockchain, has resumed operations after a devastating $220 million exploit. The team is now moving toward becoming fully open-source and has announced a compensation plan for affected users. Exploit and Recovery Efforts On May 22, a critical pricing mechanism vulnerability allowed an attacker to drain funds from several major Cetus liquidity pools. However, the team quickly responded, managing to freeze $162 million of the stolen assets. “The attacker exploited a flaw in token pricing logic, leading to one of the largest DEX exploits on Sui,” the team stated. Despite the incident,…
Coinbase has significantly cut the number of unnecessary user account freezes, addressing what it called a “major issue” that has impacted user trust for years. According to CEO Brian Armstrong, account restrictions have been reduced by 82% following major infrastructure and machine learning upgrades. Years-Long Problem Gets Top Priority In a public statement on June 6, Armstrong acknowledged the account freezing issue had persisted “longer than acceptable.” He emphasized that resolving the issue is now a top operational priority, adding that affected users should contact Coinbase Support directly for assistance. “We’ll keep you updated as further improvements roll out,” Armstrong…
Bitcoin (BTC) continues its upward momentum, showing strength even as political tensions escalate in the United States. On Saturday, BTC closed at $106,332, recording a 0.78% gain over 24 hours despite significant unrest in Los Angeles and a deployment of National Guard troops. Price Action: Narrow Range With Bullish Momentum Over the past 24 hours, Bitcoin traded between $105,043 and $106,101, with buyers stepping in near the $105,400 support level. The price briefly dipped below $105,100 before recovering strongly, signaling robust demand during market dips. The key resistance zone between $105,900 and $106,100 was tested and temporarily broken. Although some…
Binance Realized Price Emerges as Critical Support According to a new on-chain report, Ethereum’s (ETH) support at $2,392, the realized price for Binance deposit addresses, has become the most crucial defense level for bulls. This metric reflects the average acquisition cost of ETH deposited into Binance and is now a central element in Ethereum’s short-term market structure. CryptoQuant highlights that ETH’s recent bounce from the $2,392 level showcases how exchange-specific user behavior is influencing broader price action. With Binance holding the largest ETH reserves among centralized exchanges, this price zone has become a strategic pivot point. Realized Price by Exchange…
HYPE Surges 6% After Holding Key Demand Zone Hyperliquid (HYPE) has rebounded by 6% after a third successful defense of the $30.67 demand zone within two weeks. This key level has acted as a strong support, rejecting downward movements consistently on the daily chart. The repeated bounces suggest a solid buyer presence, with the latest move indicating a renewed bullish trend. The stochastic RSI is currently in the oversold region, a historically bullish setup, hinting at a potential upside reversal. Technical Indicators Show Bullish Momentum Momentum signals are aligning in favor of HYPE. The 90-day Cumulative Volume Delta (CVD) is…
Solana Eyes Major Upside After Recent Correction Solana (SOL) is showing signs of a potential breakout following a recent 24% correction from $188 to a weekly low of $141. As of June 6, the token was trading near $149.52, reflecting mild bearish pressure. However, analysts believe SOL may be forming a higher low — a technical signal that often precedes a trend reversal. The 50-day simple moving average (SMA) at $161 and the 200-day SMA at $164.19 are critical resistance levels. A clear breakout above the 200-day SMA could confirm bullish momentum, setting the stage for a significant rally. Technical…
Saylor Teases Ninth Consecutive Bitcoin Purchase Strategy may be gearing up for another major Bitcoin acquisition after executive chairman Michael Saylor posted “Send more Orange” on X on June 8. This cryptic phrase has become a familiar hint that a new BTC buy is imminent. If confirmed, it would mark the ninth straight week of Bitcoin accumulation by the company. Just days before, Strategy acquired 705 BTC between May 26 and June 1, investing approximately $75 million at an average price of $106,495 per coin. This purchase pushed the firm’s total Bitcoin holdings to 580,955 BTC, now valued at roughly…