Author: Blockto Team

IBIT Leads the Way in U.S. Spot Bitcoin ETF Market U.S. spot Bitcoin exchange-traded funds (ETFs) have witnessed a remarkable 10-day inflow streak, with net inflows totaling $4.26 billion as of May 28, 2025. The overwhelming majority of this capital — approximately 96% — has been driven by BlackRock’s iShares Bitcoin Trust (IBIT). IBIT alone attracted $481 million in fresh capital on May 28, while other funds saw outflows or no activity at all. This performance cements IBIT’s market leadership in the growing Bitcoin ETF sector, which has gathered over $45.6 billion in net inflows since its inception in January…

Musk Refutes Reports of Formal Partnership Between xAI and Telegram Elon Musk, the CEO of xAI and founder of Tesla and SpaceX, has publicly contradicted Telegram CEO Pavel Durov’s claim about a $300 million partnership deal between xAI and Telegram. “No deal has been signed,” Musk stated in a direct response on X (formerly Twitter) to Durov’s announcement. This came shortly after Telegram’s founder revealed that the messaging giant had reached a $300 million cash-and-equity agreement with xAI to integrate the Grok AI chatbot across its social platform. The deal was also expected to include a 50% revenue share from…

Ethereum (ETH) surged more than 4% over the past 24 hours to hit a three-month high of $2,789 on May 29, outperforming the broader crypto market. This bullish move follows a confirmed bull flag breakout on the daily chart, combined with record open interest in futures markets, rising funding rates, and strong inflows into spot Ethereum ETFs. Key Drivers Behind Ethereum’s Price Surge 1. Bull Flag Breakout Suggests 46% Upside Potential Technical analysts have identified a bull flag, a classic continuation pattern, which has now resolved to the upside. The breakout reaffirms ETH’s bullish momentum and points to a potential…

Bond Market Reacts to Tariff Reversal and Policy Uncertainty U.S. Treasury yields surged this week after the U.S. Court of International Trade overturned major tariffs imposed under former President Donald Trump, shaking investor confidence and sparking a bond market sell-off. The 30-year Treasury yield climbed past 5% for the first time in months, while the 10-year yield rose to 4.50%, gaining 10 basis points over two sessions. The court ruled that Trump’s broad tariffs violated constitutional boundaries, declaring that only Congress holds the authority to regulate international trade. The ruling invalidates general tariffs applied to a wide range of goods…

In a significant development, the Bank of Russia has officially authorized domestic financial institutions to offer cryptocurrency-linked derivatives, securities, and digital financial assets—but only to qualified investors. “Instruments must be non-deliverable, giving investors exposure to crypto price movements without owning the actual digital assets,” the Bank of Russia clarified in a May 29 announcement. This cautious but strategic move reflects the country’s gradual shift toward embracing crypto-linked investment products, while still maintaining strict oversight over the sector. Sberbank Launches Crypto-Linked Bonds Shortly after the central bank’s announcement, Sberbank — Russia’s largest state-owned bank — confirmed plans to launch structured bonds…

Sol Strategies Files to Raise $1 Billion to Expand SOL Holdings Solana (SOL) scored a significant institutional win this week as Canada-listed Sol Strategies filed a preliminary prospectus to raise up to $1 billion in securities. The purpose? To expand its investment in the Solana ecosystem. “Sol Strategies aims to deepen its exposure to Solana with a $1B securities offering,” the filing stated. While the firm has no immediate plans to raise funds, the base shelf prospectus gives it the flexibility to act quickly on future market opportunities. This development follows Sol Strategies’ recent $500 million convertible note issuance, where…

DeFi Education Fund & Uniswap Push Back on SEC Regulation In a move aimed at protecting the decentralized finance (DeFi) ecosystem, the DeFi Education Fund and the Uniswap Foundation have urged the U.S. Securities and Exchange Commission (SEC) to back off from regulating most decentralized autonomous organizations (DAOs). In a letter dated May 27 to SEC Commissioner Hester Peirce, the two organizations argued that DAOs should not be regulated under the traditional securities framework if they are **”sufficiently decentralized.”_ DAOs Are Not Companies, Say Crypto Advocates The central claim of the letter is that DAOs do not operate like companies…

$10B in Bitcoin Options Set to Expire May 31 on Deribit Bitcoin (BTC) is poised for a potential wave of volatility as $10 billion worth of BTC options are set to expire on Friday, May 31, at 08:00 UTC on Deribit, the world’s largest crypto options exchange. Over 93,000 BTC options contracts are due for expiry, with more than 53% being bullish call options. Each option contract represents one BTC, making the $95,000 to $105,000 range a key battleground for traders this week. Delta and Gamma Set the Stage for Volatility The market is closely watching strikes at $95K, $100K,…

Elon Musk has officially announced his resignation as head of the Department of Government Efficiency (DOGE), a federal cost-cutting initiative under President Donald Trump’s administration. In a May 29 post on X, Musk confirmed his departure, stating: “Thank you President Trump for the opportunity to reduce wasteful spending.” According to Reuters, a White House official said his off-boarding would begin immediately. Musk’s role was limited to 130 days as a Special Government Employee, a term set to expire on May 30. DOGE Faced “Much Worse” Bureaucratic Challenges Than Expected In an interview with The Washington Post on May 27, Musk…

DeFi Development Corp. (DFDC), a Nasdaq-listed firm formerly known as Janover, has become the first publicly traded company to adopt liquid staking tokens (LSTs) on the Solana blockchain, further enhancing its position as a crypto-native treasury model. Quick Highlights Why Liquid Staking? DFDC plans to allocate part of its SOL holdings into dfdvSOL, enabling the company to: Chief Investment Officer Parker White noted this approach “creates additional ways to drive stake to our validators and increase SOL holdings.” Recent Moves Stock Reaction Despite the strategic shift, DFDC shares dropped 16.95% on Nasdaq, closing at $22.19 on May 28, according to…