The Bitcoin market has once again captured attention as a major trader reversed a massive $1.25 billion long position into a short, following Bitcoin’s recent price decline below $108,000. This move underscores increasing volatility and a shift in sentiment in the crypto space. Bitcoin Hits $111K, Then Drops Below $108K Bitcoin recently soared to a new all-time high of over $111,800, but the rally was short-lived. As of May 25, 2025, BTC is trading around $107,136, marking a 1.12% intraday decline. The daily price range fluctuated between $107,022 and $109,401. This drop triggered a massive repositioning by institutional and high-leverage…
Author: Blockto Team
Meme coins have become one of the most exciting and volatile sectors of the cryptocurrency market. While often starting as internet jokes, many have evolved into serious investment opportunities with strong communities and growing use cases. As we enter a new phase of altcoin momentum, here are the top 5 meme coins that are primed for big moves in the coming weeks. 1. Dogecoin (DOGE) – The Original Meme King Still leading the meme coin pack, Dogecoin remains the most recognized name in the space. With a market cap of over $22 billion (as of May 2025), Dogecoin continues to…
In a surprising take, Charles Hoskinson, the founder of Cardano (ADA), has suggested that Ripple acquiring Circle, the issuer of USD Coin (USDC), could benefit the entire cryptocurrency ecosystem. Hoskinson made the remarks on social platform X (formerly Twitter), where he emphasized the potential synergy between Ripple’s infrastructure and Circle’s stablecoin dominance. Circle: A Stablecoin Giant with Strategic Value Circle is the company behind USDC, the second-largest stablecoin in the world with a market capitalization of over $32 billion (as of May 2025). USDC is widely used in DeFi, cross-border payments, and crypto exchanges, and it’s known for its compliance-focused…
The Bitcoin community is once again pushing back against political criticism, this time aimed at Australian Senator Gerard Rennick, who made headlines for saying, “You can’t eat Bitcoin.” The remark was part of a broader critique in which he labeled Bitcoin a “Ponzi scheme” — despite also suggesting it might reach $1 million in value. The Controversial Comment: “You Can’t Eat Bitcoin” During a recent discussion about cryptocurrency and financial sovereignty, Rennick dismissed Bitcoin as having no intrinsic value, sarcastically noting: “You can’t eat Bitcoin.” The statement was quickly met with ridicule from the crypto community. One prominent Bitcoiner responded,…
The Ethereum developer community is gearing up for the next stage of network innovation with the Fusaka Devnet-0 launch officially scheduled for May 26, 2025, according to updates from BlockBeats. This was one of the central topics discussed during the 212th Ethereum Execution Layer Core Developers Meeting (ACDE), where the scope of the Fusaka upgrade and multiple Ethereum Improvement Proposals (EIPs) were reviewed. Fusaka Devnet-0 Launch Marks a New Milestone Fusaka, Ethereum’s next execution-layer upgrade, is entering its testing phase. The Devnet-0 launch will serve as an experimental environment for upcoming protocol changes and is expected to pave the way…
Despite the rapid growth of self-custody crypto wallets, Cathie Wood, CEO of ARK Invest, believes that crypto exchange-traded funds (ETFs) will retain their appeal to investors. Speaking at a recent industry forum, Wood emphasized that wallet adoption and ETF demand are not mutually exclusive trends — in fact, they may complement each other. Crypto Wallets Are on the Rise Blockchain analytics firms report that non-custodial wallet usage has surged in 2024. Platforms like MetaMask, Coinbase Wallet, and Trust Wallet have seen millions of new users, especially among Gen Z and millennial investors who prefer direct ownership of digital assets. “The…
In a surprising turn of events, a U.S. federal judge has overturned the criminal convictions of Avraham Eisenberg, the alleged exploiter of the Mango Markets decentralized finance (DeFi) platform. The ruling marks a significant precedent in crypto-related legal cases, particularly those involving smart contract-based platforms. Background: The $116 Million Mango Markets Exploit In October 2022, Eisenberg allegedly manipulated the Mango Markets protocol — a Solana-based DeFi trading platform — to drain approximately $116 million in digital assets. Eisenberg executed a “highly profitable trading strategy” by manipulating the price of MNGO tokens, which he used as collateral to borrow against and…
A shocking new phishing scam targeting Ledger hardware wallet users has been discovered — and this time, it didn’t arrive by email. Instead, scammers mailed a physical letter via the U.S. Postal Service (USPS), tricking unsuspecting users into compromising their cryptocurrency holdings. Real Mail, Real Threat: What Happened? According to Chris Dunn, a well-known crypto investor and educator, he received a fraudulent letter appearing to be from Ledger, the popular crypto hardware wallet manufacturer. The letter included a fake recovery sheet and instructions directing users to visit a phishing website under the pretense of a security update. “This is by…
Decentralizing telecom infrastructure is not just a technological shift — it’s a financial opportunity for both small businesses and telecom giants, says Frank Mong, Chief Operating Officer at Nova Labs, the team behind Helium Network, a decentralized wireless protocol powered by blockchain. The Web3 Revolution in Telecom In a recent industry discussion, Mong emphasized that Web3 is reshaping how wireless infrastructure is built and monetized. Instead of relying solely on expensive centralized networks built by telecom giants, Web3 models allow businesses and individuals to contribute infrastructure and earn revenue. “Decentralization creates new economic incentives that were never possible under the…
Bitcoin, the world’s leading cryptocurrency, is expected to witness a massive surge in institutional inflows, with projections suggesting an estimated $420 billion could flow into Bitcoin by 2026, according to Bitwise Asset Management, a prominent crypto investment firm. Institutional Adoption Accelerating Rapidly Bitwise’s Chief Investment Officer, Matt Hougan, highlighted in a recent report that “the era of institutional Bitcoin adoption is accelerating faster than ever.” This growth is largely driven by the approval of spot Bitcoin ETFs in the United States and increasing demand from pension funds, hedge funds, and wealth managers. “If just 1% of the $126 trillion managed…