Author: Blockto Team

The Open Network (TON), a layer-1 blockchain closely integrated with the Telegram messaging platform, experienced a brief service interruption on June 1, halting block production for approximately 40 minutes. The disruption was caused by an error in the masterchain dispatch queue, which was quickly identified and resolved by the development team. Block Production Restored Within 40 Minutes The TON team announced the issue at 12:51:00 UTC, with functionality fully restored less than an hour later. According to an official update, “A quick fix was released, and updating only a few master chain validators was sufficient to resume block production.” No…

Bitcoin (BTC) began June by defending its 2024 highs, closing May with an impressive 11% monthly gain. However, technical signals and trader sentiment suggest a possible cooling phase, with key levels like $100,000 and $97,000 now under close observation. Bearish RSI Divergence Sparks Caution Traders are closely watching Bitcoin’s Relative Strength Index (RSI) on the weekly chart, as early signs of a bearish divergence emerge. This divergence indicates weakening momentum despite rising prices, a potential warning signal for short-term bulls. “A potential RSI bearish divergence is forming… Still unconfirmed but worth watching,” one analyst noted. The RSI trend contrasts with…

Recent on-chain analysis reveals a concerning trend for Toncoin (TON) investors: over 90% of TON holders are currently in the red. As of now, only 6% are in profit, and 3% are at breakeven, highlighting a period of heavy losses for the majority of investors. TON Trades Around $3.14 Amidst Investor Pressure Toncoin is currently trading at $3.14, reflecting a 0.27% drop in the last 24 hours. The price weakness is compounded by the fact that a significant number of holders entered the market during higher price periods. 91% of Toncoin’s total supply is held by large wallets, indicating whale…

A massive Dogecoin (DOGE) transfer of 104,125,016 DOGE, valued at approximately $20 million, has been moved to Coinbase, one of the largest U.S.-based cryptocurrency exchanges. Dormant Wallet Suddenly Activates The wallet responsible for this transfer had been inactive since October 2021. The address DNbYuLjGbdiqcv39grmE1ahkMU19Y5dFND showed no outgoing transactions for nearly four years. This is the wallet’s first outgoing transaction since 2021, and blockchain data confirms that its original DOGE holdings were received through Coinbase Pro withdrawal addresses. Over time, the address gradually accumulated DOGE, but never moved funds—until this sudden and complete transfer. The entire DOGE balance was emptied in…

Move over Jim Cramer—crypto may have found its very own “Inverse Cramer” in James Wynn, a high-profile trader on the Hyperliquid exchange who made headlines for his $1 billion short bet on Bitcoin. Now, savvy traders are raking in millions by simply doing the opposite of his trades. Who Is James Wynn? James Wynn is a pseudonymous trader known for bold, high-leverage positions on Hyperliquid, a rising decentralized crypto derivatives platform. Recently, Wynn placed a staggering $1 billion short on Bitcoin—only to watch it turn into a massive loss. But the spotlight isn’t on Wynn for his losses alone. It’s…

Czech Justice Minister Pavel Blazek has officially resigned following intense public backlash over his ministry’s handling of a $45 million Bitcoin donation from Tomas Jirikovsky, a convicted drug trafficker and former operator of the Sheep Marketplace dark web platform. Bitcoin Auction Ignites Controversy On May 28, the Czech Ministry of Justice revealed it had raised nearly 1 billion CZK (~$45M) by auctioning 500 Bitcoin donated by Jirikovsky. The ministry planned to allocate the proceeds to initiatives like digitizing the justice system, combatting drug use in prisons, and improving staff housing. However, investigative reporting by Denik N exposed the donor’s criminal…

XRP, the digital asset powering Ripple’s cross-border payments platform, ended May with a doji candlestick formation, signaling market indecision. Despite this technical red flag, bullish sentiment remains strong in the options market, highlighting a divergence that could shape XRP’s near-term trajectory. Technical Picture: A Doji Signals Bull Exhaustion According to TradingView, XRP’s monthly chart closed with a doji candle featuring a long upper shadow. Prices rallied to a high of $2.65 but ultimately pulled back near the month’s opening level, suggesting that bulls failed to sustain momentum. Doji formations after an uptrend are often interpreted as signs of bull exhaustion.…

French prosecutors have charged 25 individuals, including six minors, in connection with a growing wave of crypto-related kidnappings that have rocked Paris and other parts of the country. The suspects, aged 16 to 23, were linked to multiple plots targeting prominent crypto executives and their families, according to the Paris public prosecutor’s office. The most high-profile case centers on a failed abduction attempt on May 13 in Paris’ 11th arrondissement. The intended victims were the daughter and grandson of Pierre Noizat, CEO of French crypto exchange Paymium. The attack, captured on video and widely shared online, showed four masked assailants…

Solana (SOL) is trading sideways around $154.50 after slipping below its mid-April ascending trendline, with macroeconomic uncertainty and renewed U.S. tariff fears rattling investor sentiment across the crypto space. The asset has logged an 11.7% weekly decline, highlighting its vulnerability to both technical breakdowns and external market pressure. The drop follows a recent court ruling that revived Trump-era tariffs, unsettling broader financial markets and prompting a risk-off environment in digital assets. SOL fell from $156.74 to $154.86 in a single hour, breaking through the key $165.94 support level that had previously anchored its bullish trajectory. Bearish Sentiment Grows Despite Network…

BlackRock’s IBIT, the largest spot Bitcoin ETF in the world, has broken its impressive 34-day inflow streak, posting $430 million in outflows on Friday. This marks the fund’s worst day since February 26 and comes amid a 4% drop in Bitcoin’s price over the last five days. IBIT Still Dominates Bitcoin ETF Market Despite the recent setback, BlackRock’s iShares Bitcoin Trust (IBIT) maintains its dominant position in the Bitcoin ETF space. As of Friday, IBIT holds $69.2 billion in assets under management (AUM)—more than three times larger than its closest competitor, Fidelity’s FBTC, which manages $20.8 billion. IBIT alone holds…