Author: Blockto Team

Strong DeFi Momentum Fuels AAVE Recovery AAVE has rebounded strongly from a 15% price decline, showing renewed strength as decentralized finance (DeFi) yield markets gain traction. The token recovered from a low of $240 to over $250, driven by increased buying interest and favorable market developments within the DeFi space. AAVE’s resilience highlights investor confidence in decentralized lending platforms, even as macroeconomic tensions weigh on broader market sentiment. DeFi Sector Growth Supports Price Action The recovery coincides with a surge in total value locked (TVL) across DeFi protocols, which rose to $178.52 billion. AAVE continues to dominate the lending segment,…

Macroeconomic Tensions Trigger Crypto Sell-Off XRP dropped as much as 6% over the last 24 hours, briefly hitting a low of $2.09 before stabilizing near $2.14, reflecting a broader crypto market correction. The downturn follows rising global trade tensions and a wave of forced liquidations that have rattled investor sentiment across digital asset markets. XRP’s price fell from $2.20 to $2.14, marking a 5.7% loss, while the total crypto market cap declined by 3.81% to $3.3 trillion. The U.S. Court of International Trade’s decision to overturn Trump-era tariff suspensions reignited trade policy fears, adding fuel to an already cautious market…

SOL Falls Below Key $160 Level Amid Broader Market Correction Solana (SOL) slipped more than 5.3% in the past 24 hours, falling from $163.72 to $154.99, as global macroeconomic fears and declining memecoin activity weighed heavily on the token’s performance. The drop pushed SOL below its critical $160 support zone, raising concerns among traders about sustained bearish pressure. The downturn mirrors a broader market correction sparked by the U.S. Court of International Trade’s reversal of the Trump-era tariff suspension, reviving U.S.-China trade tensions and sparking a wave of risk-off sentiment across crypto markets. Memecoin Hype Fizzles on Solana Solana’s network…

BlackRock Sees Largest Outflow Since ETF Launch BlackRock’s iShares Bitcoin Trust (IBIT) has ended its 31-day inflow streak with a record-breaking outflow of $430.8 million on May 30, marking its largest single-day withdrawal since the fund launched in January 2024. This surpasses the previous record of $418.1 million set on February 26. This abrupt shift marks a significant deviation in institutional behavior, ending over a month of consistent investor confidence. Despite the outflow, BlackRock still holds approximately $70 billion in Bitcoin assets, indicating its dominant position in the U.S. spot Bitcoin ETF market. All Bitcoin ETFs Record Net Outflows The…

Renewed U.S.-China Tensions and Whale Activity Shake Markets The crypto market tumbled over the weekend, led by sharp declines in altcoins. Dogecoin (DOGE) fell over 8%, while Pepe (PEPE) plunged 12%, triggering widespread concern among traders and investors. The pullback coincided with renewed U.S.-China tariff tensions, Bitcoin whale sell-offs, and a broader market risk-off sentiment. Bitcoin Slips, Altcoins Bleed Bitcoin (BTC) dropped more than 2%, trading just above $103,600 on Saturday afternoon in Asia. The CoinDesk 20 Index, which tracks major digital assets, declined by 4.2% over the past 24 hours. “This weekend’s losses show how fragile sentiment remains,” said…

CME Group, the largest U.S. derivatives exchange, has officially launched XRP futures, recording over $19 million in notional volume on its first day of trading. This milestone places XRP behind Bitcoin and Ethereum but ahead of Solana in terms of initial futures market impact. The XRP futures debut surpassed Solana’s $12.3 million launch day, highlighting growing institutional interest in alternative cryptocurrencies. With this addition, XRP joins Bitcoin, Ethereum, and Solana as the fourth crypto-based futures product offered by CME. These contracts are cash-settled and based on the CME CF XRP-Dollar Reference Rate, ensuring transparent pricing and regulated trading infrastructure. Contract…

The U.S. government is urging the Supreme Court not to take up a legal challenge by James Harper, a Coinbase user seeking to block the Internal Revenue Service (IRS) from accessing his cryptocurrency transaction history. In a May 30 court filing, Solicitor General D. John Sauer argued that Harper voluntarily disclosed his information to Coinbase, and therefore, cannot claim constitutional protection under the Fourth Amendment, which guards against unreasonable searches. “The IRS followed proper legal channels through a court-approved summons,” the government stated, emphasizing that Harper’s financial records do not qualify as private under existing law. IRS Investigation Traced to…

Alarming Rise in Crypto Fraud Targeting Retail Users \ Leading global cryptocurrency exchange MEXC has reported a 200% increase in fraudulent trading activity during the first quarter of 2025, according to its recently released quarterly report. Between January and March, the platform identified 80,057 organized fraud attempts involving more than 3,000 criminal syndicates. The nature of these scams ranged from market manipulation and wash trading to the use of automated trading bots that exploit users through unfair execution tactics. “This level of organized exploitation is unprecedented and deeply concerning,” said MEXC in its analysis. India Leads in Detected Fraud Cases…

SharpLink’s Bold Move into Ethereum Treasury Strategy U.S.-based sports betting platform SharpLink Gaming has filed with the Securities and Exchange Commission (SEC) to offer up to $1 billion in common stock. The company intends to use most of the proceeds to purchase Ethereum (ETH), according to a filing dated May 30. “We intend to use substantially all of the proceeds from this offering to acquire Ether,” the company wrote in its SEC filing, indicating a strategic shift toward crypto-based reserves. Ethereum-Centric Treasury Strategy Launched The announcement follows SharpLink’s declaration on May 27 of a new Ethereum-based treasury strategy, aligning the…

Rep. Jamie Raskin Demands Transparency Over $TRUMP Crypto Investors Former President Donald Trump’s private dinner for top investors in his $TRUMP memecoin has come under new scrutiny, with Representative Jamie Raskin (D-MD) demanding the disclosure of attendees and their funding sources. The event, which reportedly hosted over 200 investors, has ignited bipartisan concern over potential foreign influence and ethics violations. Raskin, the ranking Democrat on the House Judiciary Committee, joined a growing list of lawmakers questioning whether Trump may have accepted payments or gifts from foreign nationals — a potential violation of the Constitution’s Emoluments Clause. “We deserve to know…