Toncoin (TON) is showing signs of strength after facing intense market volatility. Following a significant pullback, the token found solid buyer interest at a key psychological level, pointing to a potentially bullish structure ahead. Sharp 7.7% Correction Followed by Swift Recovery On June 5, TON experienced a steep 7.7% correction, dropping from $3.25 to $3.00, according to technical indicators. This sell-off was accompanied by a surge in trading volume exceeding 10 million units, indicating panic selling but also strong liquidity. Buyers stepped in at the $3.00 level, establishing a strong support zone and reversing the bearish momentum. In the following…
Author: Blockto Team
The global stablecoin market is witnessing a surge in momentum as major tech companies reportedly enter discussions to integrate stablecoin payments into their platforms. This shift aligns with a broader trend of digital finance adoption and comes amid a 40% surge in Circle’s stock following its blockbuster IPO. Apple, X, Airbnb, and Google Eye Stablecoin Payments According to recent reports, Apple, Airbnb, X (formerly Twitter), and Google are in early-stage discussions with crypto firms to explore stablecoin-based payment infrastructure. The goal is to reduce transaction fees and enhance the speed and efficiency of international payments. Stablecoins are pegged to traditional…
Cardano’s ADA token has shown resilience amid turbulent market conditions driven by global political tensions and increased volatility across the crypto space. ADA Price Swings Sharply Amid Market Uncertainty Over the past 24 hours, ADA experienced a sharp decline of 10.29%, dropping from $0.688 to $0.621, before rebounding to $0.66 in early U.S. trading hours. This recovery demonstrates strong support at the $0.620–$0.623 level, where buyers aggressively re-entered the market. The market volatility is partially attributed to an escalating feud between President Donald Trump and Elon Musk, which has raised concerns over the state of the U.S. economy and disrupted…
The Monetary Authority of Singapore (MAS) has officially confirmed a near-ban on digital token services offered exclusively to foreign clients, marking a significant shift in the country’s stance on crypto regulation. New Licensing Requirement from June 30 In a June 6 announcement, MAS stated that starting June 30, 2025, crypto service providers operating in Singapore must be licensed to serve only overseas customers. This directive comes under the newly outlined Digital Token Service Providers (DTSPs) regime. “MAS has set the bar high for licensing and will generally not issue a licence,” the agency emphasized, highlighting the risks involved in supervising…
High-Stakes Bet Signals Renewed Confidence in Ethereum A crypto trader has placed over $2 million on ether (ETH) call options, predicting a sharp rally past $3,200 to $3,400 by the end of June. The move comes amid growing optimism surrounding Ethereum’s recent technical upgrades and speculation around regulatory developments. According to Deribit, the world’s largest crypto options exchange, the trader purchased 61,000 June expiry call contracts — split across strike prices of $3,200 and $3,400 — when ETH was trading near $2,460. This implies a bullish bet on more than a 30% price rally within just three weeks. Ethereum’s Pectra…
Lack of Definition for “Decentralization” Creates Regulatory Uncertainty The European Union is gearing up to regulate decentralized finance (DeFi) starting in 2026, but regulators still face a critical obstacle: defining what “decentralization” actually means under the EU’s landmark Markets in Crypto-Assets Regulation (MiCA). MiCA, the world’s first comprehensive crypto regulatory framework, went into effect on December 30, 2024. While MiCA has brought clarity to many areas — such as stablecoins, investor protection, and crypto asset licensing — it has left a gray zone around DeFi protocols, according to Vyara Savova, senior policy lead at the European Crypto Initiative (EUCI). “No…
SHIB Outperforms Bitcoin Despite Sell-Off Fears Shiba Inu (SHIB) has rebounded 3% from recent lows following a major whale transaction worth $36 million, temporarily outperforming Bitcoin in relative strength. The memecoin recovered from an overnight dip below $0.00001200, despite broader market volatility and a 7.7% correction earlier in the week. The recovery comes amid investor concerns over a whale movement involving 2.87 trillion SHIB tokens transferred to Coinbase Institutional. However, further analysis identified the transaction as related to market maker custody rather than an imminent sell-off. Whale Transfer Sparks Concerns, But Market Maker Custody Confirmed The large transfer initially triggered…
Trump Media and Technology Group (TMTG), the parent company of Truth Social, has filed to issue up to $12 billion in new shares. According to a recent S-3 registration with the U.S. Securities and Exchange Commission (SEC), the company aims to release 84,657,181 shares of common stock to the public. This move marks a significant step in expanding its financial capabilities as it pivots further into the cryptocurrency sector. The filing comes on the heels of a $2.44 billion fundraising deal, which the company closed last week. These funds are reportedly being allocated to establish a bitcoin treasury—a notable strategic…
NEAR Protocol showed resilience in volatile markets, recovering more than 5% from recent lows. After dropping to $2.42, NEAR formed a strong support base and has since rebounded toward key resistance levels. This bullish reaction suggests growing confidence in NEAR’s long-term value as a blockchain infrastructure project. The broader market turbulence, caused by heightened geopolitical tensions and uncertainty from global headlines, added to pressure across risk assets. Yet, NEAR’s price action demonstrated technical strength and buyer support. Bullish Pattern Hints at Accumulation Phase A potential double bottom pattern has formed near the $2.42 mark, with increasing volume on the second…
New Policy to Expand Access to Digital Asset Investment The UK Financial Conduct Authority (FCA) has announced it will lift the ban on retail access to crypto exchange traded notes (cETNs), a move intended to support growth and competitiveness in the digital asset sector. This policy shift allows individual investors—not just professionals—to trade cETNs, provided these are listed on an FCA-approved Recognized Investment Exchange (RIE). This marks a major change in UK crypto policy, reflecting growing demand for regulated retail access to digital asset markets. UK Joins Global Trend Toward Broader Crypto Market Access The FCA noted that similar investment…