A pseudonymous trader earned approximately $233,000 from XRP-related prediction markets after executing a carefully timed weekend strategy that took advantage of thin liquidity and automated trading bots. The episode has sparked debate over market fairness and the robustness of algorithm-driven liquidity systems. Thin Weekend Liquidity Creates Opportunity The trade unfolded during low-volume weekend hours, a period when even modest orders can move prices sharply. The trader aggressively accumulated “UP” shares in a prediction contract tied to short-term XRP price movement. As buying pressure pushed contract prices higher, automated bots continued selling, despite XRP’s spot price drifting lower. Polymarket trader PredictTrader on…
Author: Blockto Team
India’s central bank has put forward a proposal to explore linking digital currencies issued by BRICS nations to improve cross-border payments for trade and tourism. The idea, according to people familiar with the matter, is expected to be discussed at a future BRICS summit that India is scheduled to host. The initiative focuses on central bank digital currency (CBDC) interoperability, allowing transactions between member countries to be settled more efficiently. The aim is to reduce costs, delays, and operational friction in cross-border payments, particularly for trade-related settlements and tourist spending. If taken forward, this would represent the first structured discussion…
Kazakhstan has taken a decisive step in tightening oversight of its digital asset market by limiting cryptocurrency trading to coins approved by the central bank. President Kassym-Jomart Tokayev has signed new legislation creating licensed crypto exchanges and placing approval powers firmly with the National Bank of Kazakhstan (NBK). The new laws establish a clear regulatory framework for digital assets, formally classifying them into categories that include stablecoins, asset-backed digital instruments, and electronically issued financial instruments. This move is designed to bring crypto activity closer to traditional financial market standards. Under the updated rules, the NBK becomes the main regulator, responsible…
Dogecoin slid more than 7%, falling from the $0.137 area to near $0.127, after sustained selling pressure pushed price below a critical short-term level. The move followed multiple failed attempts to break above the $0.137–$0.138 resistance zone, which had capped upside momentum throughout the week. The breakdown accelerated as high-volume selling and leveraged liquidations entered the market. Price briefly dipped toward $0.125, an area that attracted reactive bids and slowed further downside. Such liquidation-driven moves often reflect positioning stress rather than a structural shift in demand. Key Dogecoin Support and Resistance Levels DOGE is now stabilizing around $0.127, which traders…
The New York Stock Exchange is moving toward a blockchain-based trading platform designed to support round-the-clock trading of tokenized stocks and exchange-traded funds (ETFs), signaling a cautious but significant shift in traditional market infrastructure. The proposed platform, developed with its parent company Intercontinental Exchange, would combine existing high-speed matching technology with blockchain-powered settlement and custody systems. If approved by regulators, it would form the backbone of a new NYSE venue where securities are issued and traded in tokenized digital form. A key feature of the platform is 24/7 market access with near-instant settlement, a sharp contrast to the current one-day…
US Senate Judiciary leaders are pushing to remove developer safeguards from the Senates crypto market structure legislation, citing concerns that the provisions could weaken enforcement of unlicensed money transmission laws. Committee chair Charles Grassley and top Democrat Richard Durbin argued that the bill, as drafted, would create enforcement gaps for decentralized platforms, potentially attracting illicit actors such as cartels and organized criminal groups. The legislation, which incorporates elements of the Blockchain Regulatory Certainty Act (BRCA)aims to clarify that creating crypto software or maintaining networks should be exempt from federal or state money transmitter rules. However, the Judiciary Committee claims it…
Crypto mining hardware manufacturer Canaan Inc. has received a formal warning from Nasdaq after failing to meet the exchange’s minimum bid price requireement putting the company at risk of delisting if corrective action is not taken. According to company disclosures, Canaan’s shares have closed below $1 for more than 30 consecutive trading days, triggering non-compliance with Nasdaq listing rules. As a result, the company has been granted a 180-day grace period, ending July 13, to regain compliance by ensuring its stock closes at or above $1 for at least 10 consecutive trading days. Canaan’s stock performance has deteriorated sharply, with…
Travelers relying on public internet connections face a growing cybersecurity threat known as Evil Twin WiFi networks, a tactic increasingly used to steal crypto credentials and sensitive account data. These fake networks imitate legitimate free WiFi offered at airports, hotels, cafes, and transit hubs, making them difficult to spot. An Evil Twin attack works by cloning the name and appearance of a real WiFi network, tricking devices into connecting automatically. Once connected, attackers can intercept traffic or redirect users to fake login pages, prompting them to enter passwords, email credeentials, or even wallet seed phrases. While simply joining a malicious…
Ethereum co-founder Vitalik Buterin has called for a fundamental redesign of decentralized autonomous organizations (DAOs), arguing that most current models fall short of their original promise. According to Buterin, many DAOs have become little more than token-voting treasuries, a structure he says is inefficient, vulnerable to capture, and poorly suited to improving on traditional political or corporate systems. Buterin believes DAOs should focus on solving concrete infrastructure problems rather than merely allocating funds. He highlighted key use cases such as onchain dispute resolution, decentralized oracles, insurance-style judgments, and long-term stewardship of projects that may outlive their founding teams. He also…
Hong Kong’s financial industry representatives are urging policymakers to soften parts of the planned crypto tax reporting regime as the city prepares to adopt new international standards. While backing stronger transparency in principle, the group warns that rigid implementation could create operational strain and legal risks for local institutions. At the center of the discussion is the Crypto Asset Reporting Framework (CARF), a global standard designed to enable automatic cross-border tax information sharing for crypto asset users. The framework works alongside updates to the Common Reporting Standard (CRS), which already governs traditional financial accounts. Hong Kong is among the jurisdictions…