Bitcoin Advocates Urge Elon Musk to ‘Go All In’ As tensions escalate between Elon Musk and President Donald Trump, leading voices in the Bitcoin community are encouraging Musk to take a bold stand by adopting a Bitcoin-first strategy. Industry experts suggest that aligning Tesla, SpaceX, and other Musk-led ventures with Bitcoin could serve as a strategic response in the unfolding political and financial conflict. “The best way for Elon to get back at Trump is by full porting Bitcoin,” said a well-known crypto trader on June 6. This sentiment was echoed by the founder of a Bitcoin infrastructure firm, who…
Author: Blockto Team
Seoul, South Korea — June 7, 2025In a major move signaling stronger alignment between government and the blockchain industry, Kim Yong-beom, former CEO of Hashed Research, has been appointed Chief Policy Officer by South Korea’s newly elected President Lee Jae-myung. Kim, a former Vice Minister of Economy and Finance under the Moon Jae-in administration, brings both regulatory experience and deep crypto-native expertise to the Blue House. His appointment is widely seen as a positive signal for Korea’s Web3 future. “A very sad day at Hashed Open Research,” wrote Simon Kim, CEO of crypto fund Hashed, in an X post. “The…
Strong Capital Inflows Highlight Ethereum’s Institutional Growth Ethereum spot Exchange-Traded Funds (ETFs) witnessed a net daily inflow of $25.22 million on July 6, 2025, reflecting a renewed wave of institutional and retail confidence in the digital asset. This surge marks one of the highest single-day inflows into Ethereum ETFs since their launch, signaling Ethereum’s rising credibility as a regulated investment vehicle. Blackrock’s ETHA ETF Leads the Market Among the various Ethereum ETF offerings, ETHA, managed by a leading global asset firm, stood out as the dominant product. ETHA secured a single-day net inflow of $15.86 million, bringing its total cumulative…
XRP’s legal troubles with the U.S. Securities and Exchange Commission (SEC) continue to shake investor sentiment, but the emergence of XRPTurbo, a new AI-powered launchpad on the XRP Ledger (XRPL), is drawing fresh interest — especially from large XRP holders looking for utility and innovation beyond the courtroom. Judge Rejects Motion in SEC vs. Ripple Case On May 15, a federal judge denied Ripple’s motion seeking an indicative ruling to lift the injunction on XRP sales to institutional investors — a key issue in Ripple’s multi-year legal battle with the SEC. The ruling caused XRP’s price to dip to approximately…
DOT Reclaims $3.96 After Brief Market Correction Polkadot (DOT) has bounced back after a 7% correction, successfully defending the key psychological support at $3.96, which now signals a potential shift toward renewed bullish momentum. DOT experienced a decline from $4.038 to $3.753 before rebounding to current levels near $3.97, regaining market structure within an ascending channel. Higher Low Formation Confirms Buyer Strength Technical analysis shows DOT forming a “higher low” pattern, which is a classic signal of growing buyer interest and possible trend reversal. Following the dip, the token reclaimed the $3.95–$3.96 zone, validating it as strong support. The recent…
Eric Trump announced that World Liberty Financial (WLF) — the Trump family’s crypto-backed platform — will acquire a “substantial position” in the $TRUMP memecoin, yet the coin’s price reaction has been underwhelming. In a June 6 post on X, the son of U.S. President Donald Trump wrote:“I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi.” He added that WLF plans to hold a large stake in $TRUMP as part of its long-term treasury strategy. Price spike fades quickly Following Eric Trump’s announcement, the Official Trump ($TRUMP) token briefly rose 6.4% to $10.41 before pulling back to…
Avalanche (AVAX) Regains Ground Following Sudden Sell-Off Avalanche’s native token AVAX has surged 6% to $19.65 after experiencing a sharp decline triggered by broader market tensions. The rebound follows a high-volume sell-off driven by a heated social media dispute between U.S. President Donald Trump and Tesla CEO Elon Musk over the U.S. national debt. Despite the turbulence, AVAX has reclaimed nearly 58% of its recent losses, bouncing from a low of $18.48 to a local high of $19.76. Strong Accumulation at Key Support Zones Technical analysis shows solid buyer accumulation around the $18.48–$18.88 zone, supported by a spike in trading…
Blockchain Advocates Target Local Elections After Trump and Congress Wins As the 2025 New Jersey gubernatorial race heats up, crypto’s growing political influence is again being tested, this time at the state level. Following major industry-backed wins in the 2024 federal elections, digital asset supporters are now looking to shape local leadership. On June 5, three candidates addressed a crypto-focused voter rally hosted by advocacy group Stand With Crypto, just days before New Jersey’s June 10 primary elections. Candidates Pitch Blockchain Vision to Web3 Voters At the rally, Jersey City Mayor Steven Fulop, a Democratic candidate, emphasized the potential of…
Rapid Growth in Hashrate Capacity HIVE Digital Technologies has achieved a peak hashrate capacity of 10.4 EH/s in May 2025, marking a significant 58% increase from April’s 6.6 EH/s. This surge was primarily fueled by a new 100-megawatt hydro-powered site in Paraguay, signaling HIVE’s commitment to rapid, sustainable expansion in the Bitcoin mining space. This milestone positions HIVE among the top global mining firms, surpassing 1% of the total Bitcoin network hashrate. Paraguay: A Strategic Powerhouse The Paraguayan facility has become central to HIVE’s growth strategy. Powered entirely by renewable hydroelectric energy, it reflects a wider industry trend of shifting…
Overleveraged Longs Face Heavy Losses The cryptocurrency market has witnessed over $1 billion in liquidations over the past 24 hours, primarily affecting overleveraged long positions in Bitcoin (BTC) and Ethereum (ETH). The data comes amid heightened volatility triggered by a public dispute between President Donald Trump and Elon Musk, sparking a sudden downturn across major crypto assets. Bitcoin briefly dipped around 5% toward $100,000, while Ethereum dropped nearly 10% below $2,400 before staging a partial recovery. Macro Uncertainty and Political Tensions Add to Pressure Analysts point to a combination of political tension and macroeconomic fears as the root cause of…