Author: Blockto Team

In a bizarre blend of celebrity, crypto, and politics, former NBA star Lamar Odom and Tron founder Justin Sun were among the high-profile attendees at a Trump-themed memecoin gala held at Mar-a-Lago. The event, which featured luxury dining, exclusive NFT drops, and political fundraisers, has drawn sharp criticism from lawmakers who accuse organizers of “selling access” to political figures under the guise of a crypto celebration. “Events like this blur the lines between political influence and financial speculation,” said Senator Elizabeth Warren. Memecoin Mania Meets Political Influence The gala promoted a new wave of Trump-branded memecoins, which have surged in…

Big Banks Reignite Stablecoin Ambitions In a bold shift toward digital finance, major U.S. banks are reportedly in early discussions to launch a joint stablecoin project, according to a Wall Street Journal report. The effort would aim to create a regulated digital dollar alternative designed for interbank settlements and retail payments, potentially positioning the banks as direct competitors to private stablecoins like USDC and USDT. “The joint stablecoin could bring greater compliance, security, and interoperability to the U.S. digital asset space,” insiders said. If successful, the move would mark the first unified stablecoin initiative by American banking giants, seeking to…

In a bold move signaling deeper crypto integration, Kalshi, the federally regulated event trading platform, has officially announced that it now accepts Solana (SOL) for transactions. This development follows its recent support for Bitcoin (BTC), USD Coin (USDC), and Worldcoin (WLD), further diversifying its digital asset offerings. “We’re committed to expanding access to our platform by embracing the digital currencies our users prefer,” Kalshi stated. Solana’s Speed and Low Fees Attract Fintech Platforms Known for its lightning-fast transactions and ultra-low gas fees, Solana is rapidly becoming a favorite among fintech platforms looking for scalable, cost-efficient blockchain infrastructure. “Solana’s transaction throughput…

As crypto markets recover and investor sentiment grows bullish, several projects are standing out for their exceptional growth potential. Among them, Qubetics, Solana (SOL), and Mantra (OM) are gaining momentum, with analysts suggesting these could be among the next 100x gainers in the digital asset space. Qubetics: A Rising Star in Layer 1 Infrastructure Qubetics is quickly emerging as a strong Layer 1 contender, offering a unique combination of scalability, low fees, and enterprise-focused features. Though still in its early stages, Qubetics has caught the eye of both developers and institutional players. “Qubetics is designed for real-world adoption, with high…

In a strategic move to expand its Web3 development ecosystem, blockchain infrastructure provider Alchemy has acquired HeyMint, a no-code platform that allows creators to easily launch NFT collections without writing a single line of code. The financial terms of the deal remain undisclosed. HeyMint: Powering the No-Code NFT Boom Founded by the creators of Curious Addys, HeyMint gained popularity for democratizing NFT creation by offering a user-friendly interface tailored to artists, creators, and small projects. The platform allows users to mint, manage, and deploy NFTs on Ethereum and other blockchains without needing technical expertise. “Our goal has always been to…

In the wake of a $220 million exploit, Sui-native decentralized exchange Cetus is deploying a recovery strategy that echoes tactics previously used on the Solana blockchain. As questions around decentralization and network control rise, Cetus is hoping to pull off a Solana-style rebound. A Major Exploit Shakes Cetus on Sui On May 22, 2025, Cetus was hit by one of the largest DeFi hacks of the year, with hackers exploiting vulnerabilities to drain over 20,000 ETH and other tokens worth a total of $220 million. Fortunately, $162 million in stolen funds were quickly frozen on the Sui blockchain, preventing further…

The crypto market faced a dramatic downturn as over $300 million in leveraged positions were liquidated following renewed fears of a U.S.–China trade war. Former President Donald Trump’s tariff threats reignited risk-off sentiment, leading to a sharp drop in major cryptocurrencies. Bitcoin and Altcoins Plunge on Geopolitical Uncertainty According to data from CoinGlass, the crypto market saw a wave of forced liquidations on Thursday, shortly after Trump proposed new tariffs on Chinese imports if re-elected. This announcement sent a shockwave through global markets. Bitcoin (BTC) fell by 3% from near record highs, briefly dipping below $106,000, while Ethereum and top…

In a decisive shift toward crypto regulation, U.S. lawmakers have introduced two major bills aimed at establishing oversight for stablecoins and blockchain infrastructure. The coordinated legislative efforts suggest that Washington is finally moving to create a legal framework for digital assets. Two Landmark Bills Introduced in Congress On May 23, 2025, a bipartisan group of lawmakers introduced: These bills represent the most comprehensive attempt yet by Congress to regulate the crypto sector, especially stablecoins which have been under increasing scrutiny. “We must bring transparency and accountability to this rapidly evolving space,” said Senator Cynthia Lummis, one of the bill’s sponsors.…

Crypto lending platform Ledn has announced a strategic shift away from Ethereum (ETH), signaling a renewed commitment to its Bitcoin-centric lending services. The company is transitioning to a full custody model for Bitcoin loans, prioritizing security and institutional-grade asset protection. Ledn Exits Ethereum Market On May 23, 2025, Ledn revealed that it would no longer offer ETH-based lending or borrowing services, citing regulatory uncertainty and a desire to simplify operations. The decision comes amid growing scrutiny of Ethereum’s DeFi ecosystem and increasing compliance expectations from global regulators. “We are doubling down on Bitcoin as the most secure and regulatory-compliant digital…

After a period of optimism and steady gains in the crypto markets, Bitcoin’s momentum took a sharp hit, plunging below $109,000 following renewed trade war rhetoric from former U.S. President Donald Trump. The market reaction underscores how macro-political risks continue to affect digital assets, especially Bitcoin. Trump’s Trade War Comments Spark Panic Selling In a speech delivered on May 22, 2025, Trump announced intentions to reinstate aggressive tariffs on Chinese imports, signaling a potential return to the U.S.–China trade war that rattled global markets in 2018–2019. “We will protect American jobs and manufacturing by reintroducing necessary trade barriers,” Trump declared…