Cardano’s native token ADA has displayed notable resilience in the past 24 hours, forming a V-shaped recovery pattern as strong buying pressure emerged at key support levels, signaling bullish intent amid broader crypto market uncertainty. ADA Rebounds from Key Support Levels Following a sharp intraday drop to $0.676, ADA bounced back to reclaim the $0.697 level, completing a technical V-shaped recovery. This rebound reflects a 3.99% trading range, highlighting Cardano’s ability to absorb sell pressure and attract buyers at critical zones. According to market data, peak hourly volume reached 45.7 million ADA, establishing a crucial support base at $0.684. This…
Author: Blockto Team
A recent report reveals that the Decentralized Physical Infrastructure Network (DePIN) sector, currently valued at an estimated $30–50 billion, could skyrocket to $3.5 trillion by 2028. This projection is grounded in the accelerating convergence of blockchain technology and artificial intelligence (AI), signaling a transformative era for digital infrastructure. What is DePIN? DePIN refers to a system where community-owned physical infrastructure—such as sensors, routers, or data storage—is connected through blockchain networks. Participants contribute real-world resources and receive cryptocurrency rewards in return. This model shifts control from centralized tech companies to the network’s users, fostering greater transparency, efficiency, and scalability. Over 1,500…
While countries across the globe are rapidly integrating digital assets into their financial ecosystems, Canada is falling dangerously behind—costing the country valuable capital, talent, and global competitiveness. Regulatory Uncertainty Is Driving Away Innovation Since the last federal election, Canada has offered little clarity on its direction in digital asset innovation. None of the major political parties addressed crypto in their campaign platforms, despite the sector’s growing relevance. This silence contrasts sharply with regions like the U.S., Europe, and Asia, where regulators are aggressively moving toward regulatory clarity and innovation enablement. A recent report from the Canadian Venture Capital and Private…
Webus International (WETO), a China-based global chauffeur and travel services firm, saw its stock jump by nearly 9% after filing a Form 6-K with the U.S. Securities and Exchange Commission (SEC), outlining plans to establish a $300 million corporate treasury backed by XRP, Ripple’s native cryptocurrency. Webus to Build $300M XRP Reserve The company’s filing reveals an ambitious initiative to integrate Ripple’s XRP Ledger into its payment infrastructure, aiming to streamline cross-border payments and improve settlement transparency. Notably, the treasury will be funded through loans and credit facilities, avoiding shareholder dilution from new stock issuance. The move mirrors recent actions…
Shiba Inu (SHIB) and PepeCoin (PEPE) are under pressure as both tokens struggle to maintain momentum, signaling cautious sentiment across the memecoin sector. Shiba Inu Breaks High-Volume Support Zone SHIB experienced notable price volatility, peaking at 0.00001336 and dropping to 0.00001297 within the last 24 hours. The token initially found strong support at 0.00001310, backed by over 573 billion SHIB traded—more than double the 24-hour average. However, this support was breached, disrupting an upward pattern of higher lows established since the May 31 bottom of 0.00001226. This breakdown coincided with a surge in the SHIB burn rate, which spiked by…
Hong Kong is moving closer to allowing crypto derivatives trading for professional investors, as part of a broader initiative to expand its digital asset ecosystem and enhance its position as a leading fintech hub in Asia. Regulatory Green Light for Crypto Derivatives The Securities and Futures Commission (SFC) confirmed that plans are underway to introduce digital asset derivatives for professional investors. The move aligns with Hong Kong’s evolving virtual asset strategy, which emphasizes orderly, transparent, and secure trading, according to statements from government officials and local media. The push into crypto derivatives comes as the global digital asset market surpasses…
Ethereum (ETH) continues to show strength following a technical rebound, stabilizing above a key support zone near $2,620. The recovery comes despite broader macroeconomic uncertainty, highlighting the resilience of institutional demand and market structure. Strong Rebound From $2,584 Support Ether rallied 2.4% off a key support level at $2,584, forming a textbook V-shaped pattern that was confirmed by above-average trading volume. This movement reflects strong buyer conviction at lower levels, helping reinforce a bullish short-term structure. ETH’s 24-hour trading range stretched between $2,584.33 and $2,645.65, with peak hourly volume exceeding 198,000 ETH during the rebound. The strongest buying pressure emerged…
Australia’s anti-money laundering authority has initiated strict new rules for crypto ATM providers following rising concerns about scam-related transactions, especially involving the elderly. AUSTRAC Responds to Alarming Data Trends AUSTRAC, Australia’s financial crime regulator, has introduced a $5,000 limit on crypto ATM cash deposits and withdrawals. The move comes after it discovered that 72% of all crypto ATM transactions were made by users aged 50 and above, a demographic shown to be particularly vulnerable to scams. The new policy requires ATM operators to implement enhanced due diligence, including: This response is part of a broader effort to reduce financial exploitation…
Uniswap’s UNI token surged 10.5% to a session high of $7.00 on June 3, driven by a sudden spike in whale-led buying activity and unusually high trading volume. The rally pushed UNI into a clear uptrend, breaking through a major resistance level at $6.45 and reshaping market sentiment around Ethereum-based tokens. Key Price Action & Technicals Technical analysis from CoinDesk Research confirms a bullish continuation pattern, with higher lows and aggressive volume spikes pointing to sustained upward pressure. Notably, dips — such as the brief move to $6.67 — were quickly absorbed, underscoring buy-the-dip behavior among large holders. Whale Activity…
K Wave Media Inc. (KWM), the first Korean media conglomerate listed on Nasdaq, has made headlines after revealing a bold move to raise $500 million through common stock sales for Bitcoin acquisition and infrastructure development. Embracing a Bitcoin Treasury Strategy KWM aims to become the “Metaplanet of Korea” by adopting a corporate Bitcoin treasury strategy similar to those implemented by U.S.-based firms like MicroStrategy. The company announced plans to use stock sale proceeds to acquire Bitcoin as a long-term reserve asset. According to the translated statement, K Wave believes its public market access combined with a focused Bitcoin strategy can…