Major Blow to Crypto Credibility In a major enforcement action, the U.S. Securities and Exchange Commission (SEC) has charged Unicoin, a cryptocurrency investment platform, along with its top executives, with conducting a fraudulent securities offering that raised over $100 million from investors. The SEC alleges that Unicoin misled investors about the nature of its token, falsely claiming it was backed by real assets and guaranteed returns. The announcement comes amid growing regulatory pressure on crypto projects and signals the SEC’s ongoing commitment to protecting investors from deceptive practices. Details of the Alleged Fraud According to the SEC’s official complaint, Unicoin’s…
Author: Blockto Team
Uniswap Leads the Charge in Decentralized Trading Boom The decentralized exchange (DEX) market on Ethereum has seen a remarkable 73% surge in trader activity in the month of May, according to the latest blockchain analytics data. Uniswap continues to dominate the sector, accounting for the lion’s share of trading volume and user participation. This spike signals renewed investor confidence in decentralized finance (DeFi) and a broader return of on-chain activity amid favorable market conditions. Why Trader Activity Is Booming Again Multiple factors are contributing to the revival of DEX trading on Ethereum, including: “Traders are returning to decentralized platforms where…
In a striking evolution of leadership philosophy, Coinbase CEO Brian Armstrong has shifted from advocating for a “no political causes” workplace to now hiring staff tied to the Dogecoin (DOGE) community. This shift reflects not only the changing dynamics of crypto culture but also the need for broader appeal in a highly competitive Web3 market. From Neutrality to Cultural Integration In 2020, Armstrong published a controversial blog post declaring that Coinbase would remain “mission-focused” and avoid political activism in the workplace.The move received both praise and backlash, with some employees resigning and others supporting the company’s strict focus on financial…
In a shocking move, Argentina’s President has officially disbanded the government unit investigating the controversial LIBRA memecoin scandal, just days after a federal judge ordered the unsealing of key bank records related to the case. This decision is raising serious concerns about transparency, accountability, and potential political interference in one of Argentina’s most high-profile crypto-related investigations. What Is the LIBRA Memecoin Scandal? The LIBRA memecoin—not to be confused with Meta’s former stablecoin project—made headlines in Argentina after allegations surfaced involving political insiders, money laundering, and market manipulation. Authorities had been investigating: Initial findings hinted at a broader corruption network potentially…
In the evolving world of digital assets, one message is becoming increasingly clear: The crypto market places more value on Layer-1 and Layer-2 blockchains than on standalone applications. Investors, developers, and users are showing greater long-term confidence in blockchain infrastructure that powers decentralized ecosystems rather than the apps built on top of them. Chains Drive Ecosystem Growth A Layer-1 or Layer-2 blockchain isn’t just a technology—it’s a foundation for future innovation. Platforms like Ethereum, Solana, Avalanche, and Base are being treated as digital “nations” with massive potential for hosting financial, social, and gaming apps. Key reasons why chains are prioritized:…
As the crypto world buzzes around Donald Trump’s upcoming memecoin gala and Senator J.D. Vance’s keynote at Bitcoin 2025, financial analysts are urging the community: “Don’t sleep on the executive orders—they could reshape the crypto landscape overnight.” While attention turns to headline-making events and personalities, regulatory moves happening behind the scenes could have far more lasting impact. Memecoins Take the Spotlight, But Policy Looms in the Background Trump’s memecoin gala, expected to showcase the former president’s embrace of blockchain-powered digital currencies, is drawing major media coverage and social media hype. The event marks another step in mainstream political figures aligning…
Succinct, a leading zero-knowledge infrastructure startup, has unveiled its new zkVM (zero-knowledge virtual machine) called “SP1 Hypercube”—a significant step toward achieving real-time proving for Ethereum-based applications. This innovation could revolutionize how developers build secure, scalable, and privacy-preserving apps on Ethereum. What Is SP1 Hypercube? SP1 Hypercube is Succinct’s open-source zkVM framework designed to support high-speed, transparent, and verifiable computation across decentralized systems. The company claims SP1 Hypercube is the first zkVM capable of real-time proving—making it faster and more efficient than traditional zk-rollup technologies. Key features include: Real-Time Ethereum Proving: Why It Matters Current zero-knowledge proving systems often face latency…
Binance Wallet has surged to the top of the crypto wallet rankings, now processing over $5 billion in daily swaps volume, according to recent data from Dune Analytics. This meteoric rise is largely attributed to its exclusive early access to tokens and frequent airdrop incentives, positioning it ahead of major competitors. “Binance Wallet is quickly becoming the go-to DeFi tool for traders seeking high-volume, early access opportunities,” analysts report. Dune Data Reveals Dominance in On-Chain Swaps Data from Dune Analytics shows that Binance Wallet has significantly outpaced rivals like MetaMask, Trust Wallet, and Phantom in terms of swap volume, clocking…
In a surprising financial misstep, the German government reportedly missed out on a $2.3 billion profit after selling a large amount of Bitcoin (BTC) at $57,000—well below its recent market highs. By liquidating its BTC holdings too early, Germany may have lost a rare opportunity to benefit from the ongoing crypto bull run. Background: How Did Germany Acquire Bitcoin? The Bitcoin in question was seized by German authorities during criminal investigations, mostly from illicit operations such as darknet marketplaces. Governments around the world often auction or sell seized digital assets rather than holding them for potential gains. In this case,…
Fusion, a newly launched initiative backed by the Avalanche blockchain, has entered the market with a massive $100 million ecosystem fund. This strategic launch aims to accelerate blockchain adoption by supporting startups, developers, and applications focused on real-world utility. The launch of Fusion signals Avalanche’s serious commitment to pushing blockchain beyond speculation and into practical, global use cases. What Is Fusion? Fusion is a next-generation development hub and funding program built on Avalanche, one of the fastest and most scalable blockchain platforms. The goal of Fusion is to fuel mass adoption by providing financial support, technical tools, and marketing resources…