The Ethereum network has witnessed an unprecedented surge in stablecoin activity, recording $908 billion in stablecoin transaction volume in April 2025, the highest monthly total in its history. This milestone highlights Ethereum’s growing dominance as the primary settlement layer for dollar-pegged digital assets. The data, reported by on-chain analytics firm Glassnode, confirms that Ethereum remains the undisputed leader in stablecoin infrastructure, far outpacing rival blockchains like Tron and Solana. Surging Demand for Dollar Liquidity The jump in volume reflects a broader trend in crypto markets: rising demand for stable, dollar-denominated assets, particularly amid global macroeconomic uncertainty. With interest rates fluctuating…
Author: Blockto Team
Ethereum Layer 2 solution Starknet has officially reached “Stage 1” decentralization, a significant milestone that marks the project’s transition toward a more community-driven, trust-minimized future. At the same time, Starknet now leads all zero-knowledge (ZK) rollups in total value locked (TVL), reinforcing its position as a frontrunner in the Ethereum scaling race. The announcement was made by StarkWare, the team behind Starknet, highlighting that the rollup has met key criteria for protocol independence and censorship resistance — two pillars of Ethereum co-founder Vitalik Buterin’s decentralization roadmap for rollups. What is “Stage 1” Decentralization? According to Buterin’s framework, “Stage 1” decentralization…
As Bitcoin ($BTC) hovers near its recent highs, market analysts are drawing attention to an important technical condition—price is now situated far away from significant liquidity clusters. This unusual market setup suggests that the next move could be particularly volatile, as $BTC navigates territory that hasn’t seen much historical trading activity. Absence of Established Price Action When analysts refer to “liquidity clusters,” they’re describing areas on the price chart where a high volume of trading has previously taken place—zones of accumulation or distribution that often serve as strong support or resistance. These clusters act like magnets, drawing price action toward…
In a bold statement that echoes growing sentiment in financial and political circles, Eric Trump has claimed that Bitcoin is rapidly evolving into a powerful geopolitical asset, reshaping global financial dynamics and challenging traditional state-controlled monetary systems. During a panel discussion at the Freedom Finance Forum in Miami, Trump emphasized that the rise of decentralized currencies like Bitcoin is no longer just about financial innovation, but a shift in global power structures. “Bitcoin is Undermining Fiat Monopoly” “Bitcoin is no longer a speculative tech play — it’s a tool of sovereignty and resistance,” Eric Trump said. “It’s giving power back…
The U.S. Department of Justice (DOJ) has charged 12 more individuals in connection with a major cryptocurrency theft operation that netted more than $263 million, deepening a case that already named alleged ringleader Malone Lam as a defendant. The charges, outlined in a superseding indictment, reveal a complex web of digital fraud, identity theft, and money laundering spanning multiple states and countries. The newly accused individuals are part of a group that reportedly evolved from online gaming circles into a full-fledged cybercrime ring. According to the DOJ, the suspects — mostly from California and aged between 18 and 22 —…
Coinbase, the largest U.S.-based cryptocurrency exchange, saw its stock tumble 7% following two unsettling developments: a reported customer data breach and news of a fresh SEC probe into the company’s user number disclosures. The dual shock has rattled investors, raising questions about the company’s security practices and regulatory transparency. Stock Performance Overview: Security Breach Impacts User Confidence According to company sources, a recent breach allowed unauthorized access to customer account data, although Coinbase insists that user funds remain safe and no crypto assets were stolen. Still, the fact that personal customer information was compromised—such as email addresses, names, or partial…
A U.S. federal judge has denied a joint request from the Securities and Exchange Commission (SEC) and Ripple Labs for an indicative ruling, a move that could have sped up the long-running legal battle between the regulator and the blockchain firm. The decision adds yet another layer of delay in a case that has significant implications for the broader cryptocurrency industry. What Is an Indicative Ruling? An indicative ruling is a judicial tool used when a case is under appeal but both parties seek guidance from the trial court on how it might rule if jurisdiction were restored. In this…
In a major development for Latin America’s financial technology sector, a Brazilian fintech firm has officially received regulatory approval to operate as a Bitcoin treasury company. This makes it one of the first regulated companies in the region to legally hold and manage Bitcoin as a primary treasury asset, signaling a shift in how businesses view and use digital currencies in corporate finance. What the Approval Means The regulatory green light means the fintech company can now allocate a significant portion of its reserves in Bitcoin, treat BTC as a core financial asset, and leverage it for treasury operations such…
In a significant move that has caught the attention of financial markets, the State of Wisconsin Investment Board (SWIB) has offloaded more than $300 million worth of shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT). The sale comes just months after the state’s pension fund made headlines for becoming one of the first institutional investors to take a large position in a spot Bitcoin ETF following its approval in January 2024. Institutional Exit Raises Eyebrows in Crypto Circles The sell-off was disclosed through recent 13F filings with the U.S. Securities and Exchange Commission (SEC), showing that Wisconsin significantly reduced its…
Embattled crypto exchange FTX is set to begin repaying its creditors as part of its long-awaited bankruptcy recovery process, with initial disbursements totaling $5 billion scheduled to commence on May 30, 2025. The move marks a major milestone in one of the largest and most complex financial collapses in crypto history. Major Payouts Begin After 18-Month Legal Battle Following nearly 18 months of legal proceedings, asset recovery, and negotiations with stakeholders, FTX’s restructuring team has confirmed that the court-approved bankruptcy plan will now transition into the distribution phase. The first wave of repayments will cover a broad range of creditors,…