Election-linked tokens drove unprecedented gains before investor confidence unraveled Political narratives played a central role in the memecoin boom of 2024, pushing the sector to record highs before a sharp decline in early 2025. Data from a recent memecoin market analysis shows that election-driven speculation and viral political tokens reshaped crypto culture and market behavior. The total memecoin market capitalization reached $150.6 billion in December 2024, surpassing previous all-time highs. The rally was fueled by a combination of new token launchpads, experimentation on Solana, and election-linked narratives. Tokens tied to President Donald Trumps reelection campaign and Argentine President Javier Milei…
Author: Blockto Team
FIL Tumbles to $1.24 Amid Technical Breakdown and Heavy Trading Volume Filecoin (FIL) extended its downward trend after slipping nearly 6%, reflecting a broader decline across the cryptocurrency market. The token fell to $1.24, markingg one of its weakest levels in recent months. The move came as selling pressure accelerated, with traders reacting to both macro market weakness and clear technical signals . The latest drop in FIL followed a decisive technical breakdown, where price failed to hold key support zones that had previously acted as demand areas. Once these levels were breached, downside momentum strengthened rapidly. Trading activity surged…
Deal highlights growing gap between crypto infrastructure growth and tokenholder value Axelar’s native token AXL recorded a sharp decline on Tuesday after Circle announced it would acquire the team and intellectual property of Interop Labs, the original core developer of the Axelar Network. The market reaction was swift, reflecting concerns that the transaction offers no direct economic benefit to AXL tokenholders. Why Axelar’s AXL Token Fell Following the announcement, AXL fell by around 13 15%, as traders digested the fact that the deal explicitly excludes the AXL token and the Axelar Network itself. While Circle is gaining engineering talent and…
Payment giant expands blockchain settlement for U.S. banks amid regulatory shift Visa has announced the launch of stablecoin settlement services in the United States, enabling financial institutions to settle payments using USDC on the Solana blockchain. The move highlights accelerating institutional adoption of blockchain-based payment infrastructure as demand grows for faster and programmable settlement systems. Visa Enables USDC Settlement for U.S. Banks Under the new initiative, U.S. banking partners can use Circle’s USDC for backend settlement flows over Solana’s high-speed, low-cost network. Early participants include Cross River Bank and Lead Bank, with broader expansion planned through 2026. Visa stated the…
Move targets payments, DeFi liquidity and AI-driven transactions Singapore based digital payments firm StraitsX has announced plans to expand its Singapore dollar backed XSGD and US dollar-backed XUSD stablecoins to the Solana blockchain by early 2026. The move reflects growing demand for fast, low-cost blockchain settlement across payments, decentralized finance and emerging AI-native applications. The planned rollout will enable users to transact with SGD and USD backed stablecoins on Solana’s high-throughput network. According to the company, this integration is designed to support centralized exchange access, automated market maker liquidity, lending pools and everyday payments within a single ecosystem. Solanas infrastructure…
Crypto-focused bank challenges Federal Reserve denial, citing state banking authority and constitutional concerns Custodia Bank, a Wyoming-chartered crypto bank, has filed a petition for a rehearing en banc at the Tenth Circuit Court of Appeals, aiming to overturn the Federal Reserve’s denial of a master account. The move follows the court’s October ruling that upheld the Fed’s decision, which Custodia argues misinterpreted the Monetary Control Act. Importance of a Fed Master Account for Crypto Banks A master account issued by the Federal Reserve allows banks to hold balances directly with the central bank and access its core payment and settlement…
Network reportedly handles 6 Tbps attack with minimal visible impact Solana, the high-performance blockchain, is reportedly under an industrial-scale distributed denial-of-service (DDoS) attack. Co-founder Anatoly Yakovenko stated the attack peaked near six terabits per second (Tbps), yet the network has shown little visible disruption. Attack Scale and Network Resilience A DDoS attack floods a network with traffic to overwhelm and slow operations. According to Solana-linked sources, the current attack could be among the largest in internet history, with billions of packets per second. Despite this, Solana continues to process transactions without major latency or confirmation delays, prompting Yakovenko to describe…
Employment Growth Slows While Retail Activity Sends Conflicting Messages The latest U.S. economic data release presents a nuanced picture of the economy, highlighting cooling labor market momentum alongside uneven consumer spending trends. While some indicators exceeded expectations, others fell short, raising fresh questions about the strength and direction of economic growth heading into the next period. The Non Farm Employment Change came in at 64K, modestly above the 50K forecast but significantly lower than the previous 119K, signaling a slowdown in hiring. At the same time, the Unemployment Rate rose to 4.6%, higher than both the 4.5% forecast and 4.4%…
Institutional demand grows as investors rotate beyond Bitcoin and Ethereum U.S.-listed spot XRP exchange-traded funds have surpassed $1 billion in cumulative inflows, highlighting rising institutional interest in regulated crypto products beyond Bitcoin and Ethereum. The milestone comes just weeks after the first spot XRP ETF began trading in mid-November, underscoring strong early momentum. Spot XRP ETFs Record Steady Capital Inflows On the latest trading day, spot XRP ETFs attracted nearly $11 million in net inflows, pushing total inflows above the $1 billion mark. Multiple issuers contributed to the gains, signaling broad based demand rather than concentration in a single fund.…
New proposals aim to bring crypto markets closer to traditional financial standards The United Kingdom’s Financial Conduct Authority has opened three major consultations on crypto regulation, signaling a significant step toward a structured legal framework for digital assets. The proposals cover crypto exchanges, staking, lending, borrowing and decentralized finance (DeFi), with feedback invited until February 12, 2026. The consultations outline how crypto trading platforms and intermediaries could be regulated under clearer standards for asset admissions, disclosures and trading integrity. The FCA is also seeking input on rules designed to prevent market abuse, insider trading and manipulation, aligning crypto markets more…