TON, the native cryptocurrency of the Telegram Open Network, has shown exceptional strength in recent trading sessions. While broader market sentiment remained negative, TON surged by 3%, clearly outperforming the wider , which recorded a 1.7% decline in the same 24-hour period. Strong Technical Support and Volume Surge The support zone between $3.17 and $3.18 has proven resilient, with multiple successful retests over the past 24 hours. TON reached an intraday high of $3.25, before consolidating above $3.22, forming a potential base for future upward movement. Trading volume surged to over 6.6 million, nearly three times the 24-hour average, confirming…
Author: Blockto Team
In a bold move blending political branding with financial innovation, Truth Social, the social media platform backed by U.S. President Donald Trump, has taken its next major step toward launching a spot Bitcoin ETF. On Thursday, the company filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), following its earlier 19b-4 filing earlier in the week. Key Takeaways: A Unique Filing Sequence Interestingly, the filings deviated from standard protocol. Typically, an S-1 is filed first, followed by a 19b-4 filing from the exchange (in this case, NYSE Arca) proposing a rule change. However, NYSE Arca submitted…
Core Foundation, a Bitcoin-aligned Layer 1 blockchain, has officially added BitGo and KODA as validators, further strengthening its vision of institutional-grade Bitcoin DeFi. This move not only enhances network security and credibility but also expands its global footprint—especially in Asia. BitGo and KODA Bring Institutional Legitimacy BitGo, a U.S.-regulated custodian, joins Core’s validator set, reinforcing the network’s institutional trust profile. BitGo’s role as a validator contributes regulatory strength, security-first standards, and credibility to the Core blockchain, especially for enterprise and financial institutions. KODA, a leading South Korean institutional custodian powered by Nodeinfra, also joins the validator set. KODA’s entry helps…
The European Parliament is preparing to vote on a major proposal for technology sovereignty, marking a potential turning point for Europe’s digital competitiveness. The initiative, led by the Committee on Industry, Research and Energy (ITRE) and backed by pro-Bitcoin lawmaker Sarah Knafo, aims to position Europe as a global player in digital infrastructure and innovation. Proposal Targets Digital Independence On June 3, 2025, ITRE adopted a non-binding report urging the European Union to develop a strategic policy for digital technologies. The proposal highlights concerns that Europe is lagging behind the U.S. and China in critical areas such as: The report…
Corporate interest in Bitcoin has reached unprecedented levels. As of the end of May, 116 public companies now hold 809,100 BTC in their treasuries—valued at nearly $85 billion—according to Binance Research. That’s more than double the 312,200 BTC held just a year ago. Key Drivers Behind the Surge Market Leaders and New Entrants Despite the altcoin moves, Bitcoin remains the top institutional choice, backed by its liquidity, market depth, and now more favorable accounting rules. Tokenized Real-World Assets Also Exploding In parallel, tokenized real-world assets (RWAs) have grown from $8.6B to $23B—a 260% year-to-date increase. RWAs include tokenized versions of…
Improving U.S. crypto regulations and global stablecoin policy frameworks are emerging as major catalysts for the 2025 crypto bull cycle, with Bitcoin potentially topping $150,000, according to Alice Li, head of U.S. at Foresight Ventures. Policy Shifts Driving the 2025 Crypto Market Rally Speaking during Cointelegraph’s Chain Reaction X Spaces event on June 3, Li emphasized that “one of the strongest drivers is definitely the policy change” behind this year’s market momentum. Specifically, she cited: “Stablecoin will be one of the strongest places that I would invest long term,” said Li, highlighting the strategic importance of the stablecoin sector in…
NEAR Protocol (NEAR) has rebounded impressively from recent market pressure, showing early signs of a bullish reversal. The asset recovered from a sharp 5.2% decline, finding critical support at $2.42 and rallying with renewed buyer interest. Resilience Amid Market Uncertainty NEAR’s rebound signals underlying strength as global markets face mounting uncertainty. Ongoing trade tensions between major economies and central banks’ inflation-driven policy shifts continue to inject volatility into the broader crypto and financial landscape. Despite these challenges, NEAR has attracted buying interest, potentially from both retail and institutional players focused on scalable blockchain infrastructure projects. Accumulation Signs Strengthen Bullish Outlook…
A new Q1 2025 report from Galaxy Research reveals that while total crypto leverage fell modestly this quarter, underlying shifts in DeFi, CeFi, and treasury debt suggest growing structural complexity and systemic risk in the crypto economy. Total Crypto Lending Declines, But Risk Remains The report shows that total crypto-collateralized lending fell 4.9% quarter-over-quarter, reaching $39.07 billion — the first decline since late 2023. However, the decline masks a deeper transformation: CeFi Lending Quietly Surges — but Remains Opaque In contrast, centralized finance (CeFi) lending rose 9.24%, reaching $13.51 billion. This growth was spearheaded by platforms like Tether, Ledn, and…
The cryptocurrency ATOM has rebounded sharply after a recent sell-off, finding strong buying support at the $4.25 level, a critical price floor that traders are now watching closely. Price Rebounds After Significant Decline ATOM declined nearly 5% during a volatile session, reaching an intraday low of $4.25. However, a sharp volume spike at this level, with trading volumes reaching 1.42 million units at the 20:00 timeframe, signaled increased buyer interest and potential whale accumulation. “ATOM established crucial support between $4.25–$4.27,” a level now considered a critical short-term bottom. Technical Structure Shows Bullish Reversal Following the bounce, ATOM began forming higher…
Investment advisors have emerged as the largest institutional holders of spot Bitcoin ETFs, signaling growing confidence in digital assets among traditional financial professionals. At the same time, demand for Ether ETFs is rapidly expanding, indicating a broader appetite for crypto exposure beyond Bitcoin. Over $10 Billion in Bitcoin ETFs Held by Advisors According to recent 13F filings with the U.S. Securities and Exchange Commission (SEC), investment advisors now control over $10.28 billion worth of spot Bitcoin ETFs, equal to approximately 124,753 BTC. This represents nearly half of all institutional Bitcoin ETF assets, showing accelerating mainstream adoption among financial advisors. Hedge…