According to a new report from JPMorgan, U.S.-listed spot crypto ETFs experienced robust net inflows on Wednesday, May 28, even as Bitcoin and Ethereum prices dipped. $431M Into Bitcoin ETFs, $84M Into Ethereum The report highlights that spot Bitcoin ETFs saw $431 million in net inflows, while Ethereum ETFs drew $84 million, demonstrating sustained investor interest despite market volatility. “Investor demand remains strong even during market pullbacks,” the bank noted. BlackRock Leads the Pack BlackRock dominated inflows in both categories: Other major players included: Mixed Flows Among Competitors While BlackRock saw strong inflows, some ETFs experienced outflows: Still, the overall…
Author: Blockto Team
A recent report titled “Stablecoin Payments from the Ground Up” reveals that Tether (USDT) and Tron dominate the fast-growing stablecoin payment ecosystem. The study was conducted by analytics firm Artemis, in collaboration with venture capital firms Dragonfly and Castle Island Ventures, using data from 31 stablecoin payment companies. USDT Dominates Payment Volume According to the report, Tether’s USDT accounted for a staggering 90% of total stablecoin payment transaction volume, far outpacing other stablecoins like Circle’s USDC. “USDT is not just dominant in issuance—it is dominant in real-world usage for payments,” said Rob Hadick, General Partner at Dragonfly. Tron Is the…
CANTO, the native token of its namesake Layer-1 blockchain, shocked the crypto market with a dramatic 250% surge on Thursday—only to plunge 60% just six hours later. The unexpected price action left traders and analysts scrambling for explanations. From $204M TVL to $4.6M: CANTO’s Fall From Grace Once considered a promising project, CANTO had over $200 million in total value locked (TVL) in 2023 and a market cap peaking at $238 million. However, a major network outage last year triggered a mass exodus, draining capital and trust from the ecosystem. “CANTO currently has just $4.6 million locked on the chain,”…
While much of the West debates regulation and speculation around crypto, Africa is quietly leading a blockchain revolution—rooted not in hype, but in necessity and innovation. Early Adoption Driven by Real Needs According to Kevin Imani, Head of StarkWare’s Africa Venture Studio, blockchain adoption in Africa began at the grassroots level. “Young students were using blockchain before it was mainstream,” he explained. In countries like Kenya and Nigeria, early adoption was driven by freelancers and students receiving digital currencies from abroad. With unreliable banking systems and unstable local currencies, crypto became a way to store value and access international markets.…
Solana’s dominance over Ethereum seems to have hit a wall. The SOL/ETH ratio has broken a key trendline, signaling a shift in momentum in favor of Ethereum (ETH). Meanwhile, XRP is also showing signs of weakness after a brief bullish rally. Ethereum Regains Strength Against Solana For the past 18 months, Solana (SOL) has steadily outperformed Ethereum. However, the trend appears to be reversing. The SOL/ETH ratio has broken below an upward sloping trendline connecting major lows from September 2023, June 2024, and December 2024. According to TradingView data, this break below trendline support indicates that Ethereum may outperform Solana…
A new piece of U.S. legislation, the GENIUS Act, could solidify the US dollar’s leadership in the global Web3 and stablecoin market, according to a recent report by Foresight Ventures. What is the GENIUS Act? The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act sets out to create a regulatory framework for stablecoins in the United States. It focuses on: “This bill would reinforce the dollar’s status as the world’s digital settlement currency,” said Zac Tsui, Investment Director at Foresight Ventures. Key Provisions of the Bill The GENIUS Act mandates that stablecoins be fully collateralized, meaning each dollar-pegged…
The global cryptocurrency exchange Bybit has been granted a Markets in Crypto Assets (MiCA) license in Austria, marking a major step in its European expansion. The news was confirmed by the Austrian Financial Market Authority (FMA) via its official website. What Is the MiCA License? The MiCA (Markets in Crypto-Assets) framework is the European Union’s first comprehensive regulation governing crypto-assets, including trading platforms, stablecoins, and custodial services. It came into force at the start of 2025, creating a unified licensing regime across all 27 EU member states. Under MiCA, firms licensed in one EU country can offer services across the…
The Reserve Bank of India (RBI) is scaling up its efforts to promote Central Bank Digital Currency (CBDC) in the country. According to its Annual Report 2024–25, the central bank plans to introduce new features and expand the scope of both retail and wholesale digital rupee pilots. New Features: Programmability & Offline Payments To boost adoption, the RBI is testing programmability, allowing digital rupee usage for specific, pre-defined purposes such as government subsidies or corporate spending limits. The central bank is also experimenting with offline payments, making the CBDC accessible in rural and low-connectivity regions. “Offline capability can be a…
Market Snapshot: May 29, 2025 The crypto market reacted positively overnight after a U.S. court struck down former President Donald Trump’s broad-based tariff policy. Coupled with upbeat earnings from Nvidia, the ruling sparked a surge in risk assets, including Bitcoin and Ether. Top Movers Market Metrics MetricValueBTC Funding Rate (Binance)0.0057% (6.3% annualized)ETH CESR Staking Rate3.1% (unchanged)BTC ETF Daily Net Flow$432.7METH ETF Daily Net Flow$84.9M Caution Flags in Derivatives Market DeFi Exploits Continue Token & DeFi Highlights Upcoming Events to Watch Crypto & Macro Unlocks Community & Governance Final Thought The invalidated Trump-era tariffs have sparked optimism in global markets, particularly…
Total 2025 Raise Hits $135M With Goal of 10,000 BTC by Year-End Japanese investment firm Metaplanet has ramped up its Bitcoin strategy by issuing $21 million in zero-interest bonds to Evo Fund, just one day after announcing a separate $50 million fundraising round. The move marks the latest step in Metaplanet’s goal to accumulate 10,000 BTC by the end of 2025. The 17th bond series, issued May 29, carries a face value of $525,000 each and matures on Nov. 28, 2025 — with no interest obligation. The zero-interest structure enables Metaplanet to raise capital with minimal borrowing cost, while Evo…