Layer 1 Blockchain Shifts Strategy to Token Airdrop for Broader Distribution Fogo, an experimental Layer 1 blockchain built on the Solana Virtual Machine (SVM), has officially canceled its planned $20 million token pre-sale ahead of its January mainnet launch. Instead of selling tokens to investors, the project will now airdrop the full allocation to early users and ecosystem participants, marking a significant shift in its launch strategy. The canceled pre-sale was set to offer 2% of the total FOGO token supply at a $1 billion fully diluted valuation. According to the team, the original goal was broad token distribution, but…
Author: Blockto Team
SUI has recorded a 6% price increase in recent sessions, rebounding from a well-defined demand zone highlighted on the daily chart. The move comes after weeks of sustained downside pressure that erased more than half of the token’s value from its yearly highs, placing the market in a deeply discounted region. The recovery began as buyers stepped in near the $1.55–$1.60 support area, a level that previously acted as a weak low before price stabilized. The markett shows a clear bullish reaction from demand, supported by rising spot volume, suggesting accumulation rather than a short lived bounce. From a structural…
ADNOC Distribution Brings AE Coin Payments to Fuel Stations in Three Countries ADNOC Distributionnthe largest fuel and convenience retailer in the United Arab Emirates, is preparing to accept stablecoin payments across nearly 980 service stations spanning the UAE Saudi Arabia, and Egypt. The move marks one of the most exxpansive real-world retail deployments of a regulated digital currency in the region. Under a new agreement with Al Maryah Community Bank, customers will be able to pay using AE Coin through the bank’s AEC Wallet. The stablecoin will be accepted at fuel pumps, convenience stores, and car wash facilities, integrating digital…
Bitcoin-Heavy Balance Sheet Draws Attention as MSCI Reviews Crypto Exposure Rules Strategy formerly known as MicroStrategy has successfully retained its position in the Nasdaq 100 following the index’s latest annual rebalancing. This marks the company’s first major test since joining the benchmark in December last year, as scrutiny intensifies around firms with significant cryptocurrency exposure. The most recent Nasdaq 100 adjustment resulted in the removal of several well-known technology and consumer companies, while a new group of industrial and semiconductor firms entered the index. Despite the reshuffle, Strategy remained included, signaling that it continues to meet the benchmark’s eligibility criteria…
New Infrastructure Enables Tokenized Equities to Move Seamlessly Between Ethereum and Solana Backed Finance has unveiled xBridge, a new cross-chain solution designed to allow tokenized stocks to move freely between Ethereum and Solana while preserving their real-world financial behavior. The launch marks a key step forward for onchain real-world assets, addressing one of the sector’s biggest challenges: maintaining consistency across blockchains. xBridge enables transfers of xStocks, which are 1:1 backed by real-world equities or ETFs and engineered to mirror traditional market events such as stock splits, dividends, and corporate actions. The system is built using Chainlink’s Cross Chain Interoperability Protocol…
Industry Organizations Challenge Effort to Apply Traditional Securities Laws to DeFi Platforms Several leading crypto and blockchain advocacy groups have criticized Citadel Securities for urging regulators to impose tighter rules on decentralized finance platforms that facilitate tokenized stocks. The response comes as regulators review how existing securities laws should apply to onchain representations of traditional assets. In a joint letter to the U.S. Securities and Exchange Commission, organizations including Andreessen Horowitz, the Uniswap Foundation, and major industry advocacy groups said Citadel’s position relies on mischaracterizations of how DeFi systems function. The groups argued that Citadel’s interpretation would effectively require any…
Itaú Says Bitcoin Can Enhance Diversification and Hedge Currency Risk Itaú Asset Management, the investment arm of Brazil’s largest private bank, has advised investors to consider allocating between 1% and 3% of their portfolios to Bitcoin in 2026, citing its potential role as a diversification tool amid global economic uncertainty. In a recent research note, the firm highlighted geopolitical tensions, shifting monetary policy, and ongoing currency risks as factors strengthening the case for Bitcoin as a complementary asset. The bank described Bitcoin as distinct from traditional equities fixed income and domestic markets, with unique return characteristics and a potential hedge…
Rising volume failsto prevent DOT from reversing lower, erasing intraday gains Polkadot’s token DOT moved sharply lower after failing to hold a key technical level, extending weakness seen across the broader altcoin market. The asset dropped nearly 5%, retreating from an intraday high near $2.09 to trade around $1.97 signaling renewed bearish pressure despite elevated trading activity. The latest decline followed a clear break below short-term structural support, an area that had previously acted as a base for consolidation. Once that level gave way, selling accelerated, confirming a bearish continuation pattern on lower timeframes. Multiple failed attempts to reclaim resistance…
Encrypted Messaging, DeFi Yield, and Global Payments Signal Broader Platform Ambitions Tools for Humanity has unveiled a major expansion of its World app, moving it beyond digital identity and basic crypto payments toward a full super-app model that blends communication, finance, and commerce into a single platform. The update introduces World Chat an end-to-end encrypted messaging system that differentiates between verified and unverified World ID accounts. Users can send messages, request funds, and transfer digital assets directly within chats. The app also now supports mini-apps embedded inside conversations, including prediction markets, games, and financial tools, with optional profile photo verification…
Institutional trading activity rises while Hedera fails to hold key resistance levels Hedera’s native token, HBAR, declined sharply as selling pressure across the broader altcoin market intensified. The pullback followed a failed attempt to reclaim higher price levels, with market structure signaling continued weakness despite a noticeable increase in trading volume during critical market hours. HBAR retreated after facing rejection near a well-defined resistance zone, confirming that sellers remain firmly in control of short-term price action. multiple break of structure signals, reinforcing the prevailing bearish trend that has guided price lower over recent weeks. Each attempt at recovery has been…