Bitcoin whales are doubling down on their accumulation strategy, even as BTC trades below its all-time highs. According to the latest analysis, Bitcoin’s price correction, if triggered, could find strong support around $94,000, aligning with key technical indicators. Bitcoin Consolidates Above $100K With Whale Support BTC is currently consolidating in a tight $5,000 range, trading just under recent highs of $112,000. As of May 27, the price hovers around $108,551, per Cointelegraph Markets Pro and TradingView. Despite the sideways action, whales — large BTC holders — are actively accumulating, signaling strong confidence in the long-term uptrend. “BTC is consolidating above…
Author: Blockto Team
Bitcoin-native NFTs (Ordinals) can now move to the Cardano blockchain, thanks to a new interoperability protocol called BitVMX, unveiled by Input Output (IO) during the Bitcoin 2025 conference in Las Vegas. This development marks a significant milestone in bringing Bitcoin DeFi (BTCFi) closer to reality. Bridging Bitcoin to Cardano: BitVMX in Action The on-chain transaction was enabled by BitVMX, a novel interoperability protocol built using the BitVM programming language. BitVMX allows the secure transfer of Ordinals — unique satoshis inscribed with data — from the Bitcoin network to Cardano’s smart contract-enabled infrastructure. The bridge is not just a technical achievement,…
The decentralized finance (DeFi) platform Cetus, built on the Sui blockchain, is one step closer to recovering $162 million in frozen digital assets after suffering a $220 million exploit on May 22. A critical community governance vote, set to end on June 3, will determine whether the recovery plan proceeds. $162M in Stolen Funds Frozen Soon after the incident, Cetus successfully froze $162 million of the stolen funds — a significant step toward mitigating the damage. In a post shared on X (formerly Twitter) on May 27, the Sui Network confirmed that Cetus had initiated a governance proposal to return…
Japanese investment firm Metaplanet has announced a bold new step in its Bitcoin treasury strategy, raising $50 million through the issuance of zero-interest bonds to acquire additional BTC. Zero-Interest Bonds Fund Bitcoin Buys In its May 28 announcement, Metaplanet confirmed that the bonds will be issued in $1.25 million denominations, with no interest payments and no collateral or guarantees. The bonds are unsecured and do not include a bond administrator, underscoring the high trust between Metaplanet and its sole bondholder, Evo Fund, a Cayman Islands-based investment firm. Investors will profit only from the redemption value of the bonds, rather than…
U.S.-listed spot Bitcoin exchange-traded funds (ETFs) have seen an explosive surge in demand this May, raking in a total net inflow of $5.77 billion, marking their strongest performance since November, according to SoSoValue data. This surge in ETF investments coincides with Bitcoin’s spot price soaring to record highs above $110,000, reflecting renewed bullish sentiment and institutional demand. Strong Investor Appetite Fuels Inflows Since mid-April, the 11 U.S.-listed Bitcoin spot ETFs have experienced net outflows on only four trading days, showcasing the consistent investor appetite for direct exposure to Bitcoin through regulated investment vehicles. “Investor positioning appears to be largely directional,…
The Australian Securities and Investments Commission (ASIC) has launched civil proceedings against Liang “Allan” Guo, former director of the now-defunct Blockchain Global, over serious misconduct related to the collapse of the ACX Exchange. ASIC Alleges Multiple Breaches of Directors’ Duties In a May 28 press release, ASIC accused Guo of multiple violations of corporate duties, including: The regulator alleges that customer funds were pooled and misused, with no proper segregation or tracking—an action that ultimately led to the exchange’s collapse in December 2019. Millions Owed to Creditors After ACX Exchange Failure Blockchain Global, the parent firm of ACX, was placed…
Brian Quintenz, nominated by Donald Trump to chair the Commodity Futures Trading Commission (CFTC), has disclosed millions in assets and direct ties to several crypto and prediction market firms, according to filings made public by the U.S. Office of Government Ethics. Quintenz Details Crypto and Market Investments In a financial disclosure dated May 25, Quintenz revealed over $3.4 million in assets, including equity and options in crypto-related companies. Currently serving as global head of crypto policy at Andreessen Horowitz, he pledged to resign from the role if confirmed. His investments include interests in three AH Capital Management funds—CNK Fund III,…
Cetus Protocol, the largest decentralized exchange (DEX) on the Sui blockchain, has secured a critical loan from the Sui Foundation to fully reimburse users affected by a $223 million exploit last week. This intervention aims to stabilize Sui’s DeFi ecosystem and restore user trust. Loan Enables 100% User Compensation The Sui Foundation confirmed the issuance of the loan, stating that it was an “extraordinary measure” aimed at preserving community confidence and supporting the ecosystem’s recovery. “This includes a critical loan from the Sui Foundation, making a 100% recovery for all affected users possible,” Cetus stated. While this loan covers bridged…
Marathon Digital Holdings CEO Fred Thiel is calling on the U.S. government to begin mining Bitcoin to support its proposed strategic bitcoin reserve, warning that without actual accumulation, the initiative remains purely symbolic. Speaking at the Bitcoin 2025 conference in Las Vegas, Thiel emphasized the importance of action following President Donald Trump’s March executive order authorizing the creation of a national bitcoin reserve. “The U.S. making a statement that we’re going to have a strategic reserve is an empty statement unless you start putting stuff into it,” Thiel said. Bitcoin Mining as a Budget-Neutral Strategy Thiel outlined potential ways for…
XRP is demonstrating strong market resilience after defending a critical support zone, rebounding from earlier losses and signaling potential for continued upside. The cryptocurrency has remained above its 50-day simple moving average (SMA), reflecting sustained investor interest despite ongoing global economic uncertainty. Price Movement and Market Activity In the last 24 hours, XRP traded between $2.275 and $2.356, a 3.56% intraday range driven by high volatility and strategic buying. The price found solid footing around the $2.275–$2.290 support zone, where a notable volume spike of 71.18 million was recorded, indicating strong buyer presence during the early recovery phase. The rebound…