The future of the crypto industry in the United States may depend less on Washington and more on real-world adoption if lawmakers fail to pass a long-awaited market structure bill. According to Bitwise, the industry faces a narrow window to secure its place in everyday finance. Crypto Market Structure Bill and Regulatory Risk Bitwise Chief Investment Officer Matt Hougan warned that pending legislation in the US Senate is critical to locking in the current pro-crypto regulatory environment. The bill aims to clearly define how regulators oversee digital assets and divide responsibilities between agencies. If the legislation stalls, Hougan cautioned that…
Author: Blockto Team
The NFT market’s prolonged downturn has claimed another platform. Rodeo, a social NFT marketplace focused on creator engagement, has announced it will shut down operations, following a similar decision earlier this week by another major NFT platform. The closure highlights the continued struggle of NFT businesses to achieve sustainable growth amid declining trading volumes. Rodeo NFT Platform Closure Explained Launched on iOS in March last year, Rodeo aimed to rethink NFT collecting by emphasizing community interaction, creator rewards, and social discovery rather than pure speculation. The platform simplified blockchain mechanics to attract mainstream users, positioning itself closer to a social…
Nearly 40% of merchants in the United States now accept cryptocurrency at checkout, reflecting growing consumer demand for digital payment alternatives. A recent survey of 619 payment-strategy decision-makers, conducted in October, found that crypto is moving beyond early testing and becoming part of routine business operations. According to the findings, almost 90% of merchants reported receiving customer inquiries about crypto payments, signaling strong interest from shoppers. Additionally, 84% of merchants believe crypto payments will become mainstream within the next five years, underscoring confidence in long-term adoption. Customer Demand Drives Adoption Across Key Industries Crypto acceptance is strongest among large enterprises,…
U.S. fast-food chain Steak ’n Shake has added $5 million worth of Bitcoin to its Strategic Bitcoin Reserve, reinforcing its commitment to integrating cryptocurrency into its financial strategy. The move brings the company’s total Bitcoin holdings to approximately $15 million, or around 167.7 BTC, based on recent market prices. The company has pledged that all customer payments made in Bitcoin will be directed straight into its reserve, linking operational performance directly to digital asset accumulation. While the precise breakdown of holdings remains undisclosed, the increase follows a previously announced $10 million allocation earlier this year. Bitcoin Adoption Linked to Sales…
San Francisco-based crypto payments infrastructure firm Mesh has raised $75 million in a Series C funding round led by Dragonfly Capital, bringing its total funding to over $200 million and valuing the company at $1 billion. The round also saw participation from Paradigm, Moderne Ventures, SBI Investment, Coinbase Ventures, and Liberty City Ventures. Stablecoin Integration and Global Expansion A notable portion of the funds was settled using stablecoins, highlighting Mesh’s focus on digital asset payments over traditional banking rails. The company plans to expand its crypto payments network across Latin America, Asia, and Europe, while also advancing its product development…
Blockchain firm Wemade has added Chainlink Labs to its Global Alliance for KRW Stablecoins (GAKS), enhancing the alliance’s oracle and data infrastructure as South Korea continues to debate stablecoin regulation. The move is aimed at building compliance-ready infrastructure for Korean won-pegged stablecoins rather than issuing tokens directly. Role of Chainlink in GAKS Under the new partnership, Chainlink will provide support for data integrity, oracle services, and infrastructure standards. Its technology is expected to enable price feeds, onchain verification, and data-driven functions commonly required by institutional-grade digital asset systems. Wemade said the focus is on standardization and giving alliance members access…
Hyperliquid derivatives exchange, surged 24% within 24 hours following a notable increase in trading activity across silver, gold, and other commodity markets. This rally highlights the growing interest in crypto-backed commodity derivatives beyond traditional cryptocurrencies like Bitcoin. Silver Futures Drive Volume Silver perpetual futures on Hyperliquid became the platform’s third most active market during Asia trading hours, with $1.25 billion in volume and $155 million in open interest. The surge in trading activity is significant because Hyperliquid uses trading fees to buy back HYPE tokens, reinforcing a feedback loop that supports token demand and price growth. Market Mechanics Fuel HYPE…
The XRP price currently hovering near $1.89, continues to move within a descending channel pattern, a structure that typically reflects sustained bearish control. This gradual decline suggests that sellers remain dominant, limiting upside momentum despite short-term recovery attempts. Key Support and Resistance Levels Immediate support is located around $1.81, a level that has so far helped prevent deeper losses. However, any relief rally is likely to face selling pressure near the 20-day EMA at $1.97, which has acted as a dynamic resistance. A sharp rejection from the 20-day EMA could accelerate downside momentum, potentially dragging the XRP/USDT pair toward the…
Tether has officially launched its USAT stablecoin, marking a significant step into the U.S. regulated market. Designed as a U.S. dollar-backed digital asset, USAT aims to operate fully within the federal regulatory framework providing American users with a secure and compliant stablecoin option. This launch follows the passage of the GENIUS Act, a legislative measure that formalizes the regulatory landscape for stablecoins in the United States. USAT Brings Federally Regulated Dollar-Backed Stability Unlike Tether’s flagship USDT,which is not available to U.S. customers despite a market supply of $187 billion USAT is explicitly designed for the American financial ecosystem. Anchorage Digital…
SPECTRE AI is a Web3 startup focused on AI-powered market research tools for cryptocurrency traders and investors. The project provides a suite of analytical products that include sentiment analysis, technical metrics, and on-chain data insights designed to help users make informed decisions in volatile markets. Its flagship offering is an AI-driven search engine and research platform that consolidates diverse analytical functions in one interface. Core Functionality and Tools The SPECTRE platform delivers comprehensive market research tools such as sentiment scores based on social data, on-chain activity charts, technical indicators, and trend performance pages. The platform also integrates AI-based models that…