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…
Author: Blockto Team
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…
The real-world asset (RWA) token market has experienced explosive growth in the first half of 2025, driven by increasing regulatory clarity and rising institutional interest. According to recent data, the sector’s valuation surged from $8.6 billion to over $23 billion, marking a 260% growth year-to-date. What Are RWAs and Why They’re Growing Real-world asset tokenization involves converting tangible assets—like credit, real estate, and government bonds—into digital tokens on a blockchain. This process enhances accessibility, liquidity, and efficiency in financial markets. Tokenized private credit has emerged as the leading segment, capturing 58% of market share, while tokenized U.S. Treasury securities account…
In a move to expand institutional access to digital assets, crypto investment firms 3iQ and Criptonite Asset Management have launched a new structured product in Switzerland—the 3iQ Criptonite Multi-Factor AMC, an actively managed certificate using a hedge fund model. What Is an AMC and Why It Matters Actively Managed Certificates (AMCs) are regulated investment vehicles in Switzerland that allow qualified investors to allocate capital into dynamically managed portfolios. These products are structured for flexibility and active risk management, making them attractive to institutional and high-net-worth investors. The 3iQ Criptonite Multi-Factor AMC will be traded on the Swiss SIX Exchange, adding…
Profit-taking activity continues to exert downward pressure on the cryptocurrency market, with Dogecoin (DOGE) and Cardano’s ADA leading losses among major altcoins. Despite the broader weakness, Bitcoin remains stable, and Tron (TRX) stands out as the only top-10 token showing gains. Altcoins Face Renewed Selling Pressure Dogecoin fell sharply to $0.18949, while ADA dropped to $0.68045, each leading the declines across the altcoin sector. Other major cryptocurrencies, including XRP, Solana (SOL), and BNB, experienced modest losses of around 1.5%. Tron (TRX) managed to defy the trend, climbing 1.9% in the same timeframe, reflecting stronger technical resilience or isolated bullish sentiment.…
James Wynn, a well-known crypto trader, has reportedly lost $25 million in Bitcoin after a high-leverage trade went against him. The liquidation occurred as part of a 240 Bitcoin position he held on the Hyperliquid trading platform, using 40x leverage. Large-Scale Liquidation and Unrealized Losses On June 4, on-chain data revealed that Wynn was liquidated for 240 BTC, valued at approximately $25 million, despite efforts to reduce risk by manually closing part of his position. Wynn currently holds 770 BTC, worth over $80 million, with a liquidation price near $104,035. Data from Hypurrscan indicates that Wynn is now facing an…
California has moved forward with Assembly Bill (AB) 1052, a new piece of legislation that could significantly impact cryptocurrency users, exchanges, and businesses. The bill, passed unanimously (78-0) by the California State Assembly on June 3, aims to update unclaimed property laws to include digital assets and legalize the use of crypto for payments. Key Provisions of AB 1052 The bill introduces two major changes: If signed into law, these changes would take effect on July 1, 2026. Unlicensed digital asset businesses would be prohibited from operating in California without a state license issued by the Department of Financial Protection…
Dogecoin (DOGE) is facing renewed selling pressure as it struggles to reclaim the $0.19 resistance level, despite subtle signs of potential recovery. The popular meme coin fell 4.3% in the past 24 hours, dropping from $0.196 to $0.189, amid broader crypto market caution and macroeconomic uncertainty. Key Highlights: Technical Analysis Overview: According to CoinDesk Research’s model, DOGE is displaying classic signs of downtrend consolidation. After the breakdown at $0.194, the token briefly bounced at $0.187, which saw the highest hourly volume of 223 million, hinting at temporary buy-side interest. Although DOGE formed higher lows after 01:50, indicating a slight bullish…
XRP, the native token associated with Ripple, has come under heavy selling pressure over the past 24 hours, falling 2.71% to trade at $2.20. The decline continues a broader trend that has seen XRP lose 9.11% of its value over the past week, amid heightened global market volatility and persistent bearish momentum. Key Support Levels Breached XRP broke below critical support at $2.204, triggering intensified sell-offs. The token now trades within a descending channel, a pattern that reflects sustained downward momentum. A notable volume surge of 1.2 million units accompanied the breakdown, indicating a significant shift in trader sentiment. Resistance…
US law enforcement has shut down BidenCash, a notorious dark web marketplace accused of selling millions of stolen credit cards and personal data. The takedown marks a major victory in the fight against crypto-enabled cybercrime. Key Highlights: What Was BidenCash? BidenCash operated on the dark web, catering to cybercriminals and fraudsters. It: These aggressive tactics helped it become one of the most active marketplaces for cybercrime in recent years. Operation Details Announced on June 5, 2025, by the US Attorney’s Office for the Eastern District of Virginia, the court-authorized operation included: The seized domains now redirect to a US government…