Stablecoin adoption is set to accelerate as Circle, the issuer of USDC, teams up with crypto infrastructure firm Crossmint to extend stablecoin accessibility across multiple blockchain networks. The collaboration aims to support both human users and emerging AI agents, signaling a new frontier for digital payments. Circle Ventures announced the partnership with Crossmint to deliver USDC wallets, APIs, and onramps that streamline payments globally. Crossmint emphasized that the integration is designed not only for retail adoption but also for AI-driven financial activity. “By combining Crossmint Wallets and APIs for stablecoin onramps, orchestration, and agentic payments with USDC, we’re laying the…
Author: Blockto Team
The supply of Ethereum (ETH) on centralized exchanges has plunged to its lowest level in nine years, signaling mounting institutional interest and a shift toward long-term holding strategies. According to Glassnode, exchange balances have fallen to 14.8 million ETH, a level not seen since July 2016. Ethereum’s exchange reserves have been steadily declining since mid-2020, but the trend has accelerated in recent months. Over the past two years, the amount of ETH held on exchanges has been slashed by 50%. Since mid-July alone, balances have dropped another 20%, underscoring the scale of the exodus. Data from CryptoQuant shows its Ethereum…
The rise of crypto treasury companies is reshaping how investors view publicly traded firms with significant digital asset holdings. Recently, several treasury-backed firms initiated share buyback programs, signaling confidence in their long-term strategies and igniting what analysts call a “credibility race.” Share Buybacks Push Stock Prices Higher Companies holding large crypto reserves are increasingly adopting traditional corporate finance tools to attract investors. For example: These actions align with predictions from Coinbase researchers that crypto-focused firms are moving into a “player vs. player” competition for investor attention. From Bitcoin Holdings to Credibility According to Ryan McMillin, Chief Investment Officer at Merkle…
Coinbase and policy experts to testify on digital asset tax treatment The US Senate Finance Committee will hold a hearing next Wednesday to address how digital assets should be taxed, marking another step in Washington’s efforts to create clarity for the crypto industry. The session, chaired by Senator Mike Crapo, will bring together top voices from both industry and policy. Among those testifying will be Lawrence Zlatkin, Coinbase’s vice president of tax, and Jason Somensatto, policy director at Coin Center. They will be joined by Annette Nellen, chair of the Digital Assets Tax Task Force at the American Institute of…
New framework to bring digital asset platforms under financial services rules Australia has taken a major step toward reshaping its crypto regulation landscape with the release of draft legislation that places digital asset platforms under the same rules as traditional financial service providers. The proposal marks what Assistant Treasurer Daniel Mulino called “the cornerstone of our digital asset roadmap”. Currently, most crypto exchanges in Australia only need to register with the Australian Transaction Reports and Analysis Centre (AUSTRAC). With over 400 registered entities, many remain inactive, and oversight has been limited. The draft law would change this by requiring exchanges…
Industry leaders say safety features, not just speed, will determine stablecoins’ mainstream success Stablecoins are often hailed as the future of payments, offering 24/7, near-instant cross-border settlement at a fraction of the cost of traditional transfers. But experts caution that without robust consumer protections, these digital tokens won’t unseat incumbents like Visa and Mastercard in the retail payments market. Guillaume Poncin, chief technology officer of payment firm Alchemy, emphasized that while stablecoins excel in speed and efficiency, they still lack the fraud protection, chargebacks, and dispute resolution features consumers expect from credit card networks. “Stablecoin projects must embed these protections…
Lawmakers call for investigation into White House officials before supporting digital asset legislation The path toward a long-awaited crypto market structure bill in the U.S. Senate has hit resistance, with Democratic lawmakers raising concerns over alleged conflicts of interest tied to foreign crypto deals. According to a Tuesday letter, Senators Elizabeth Warren and Elissa Slotkin urged federal authorities to investigate White House officials David Sacks, President Trump’s AI and crypto czar, and Steve Witkoff, his Special Envoy to the Middle East. The lawmakers suggested that without such an inquiry, they could not support the pending legislation. Allegations tied to $2B…
BTCUSD Technical Analysis Highlights Critical Levels Bitcoin (BTC/USD) is showing signs of resilience after a volatile week, with the price trading around $113,700 following a sharp pullback. The four-hour chart indicates that the cryptocurrency recently tested a crucial support level near $112,000, where buyers stepped in to defend against deeper losses. The current setup reveals a descending channel pattern, with Bitcoin moving between a lower trendline of roughly $109,000 and an upper boundary near $122,000. This range has acted as a guide for price action over the past several weeks, with repeated tests of both resistance and support. “Bitcoin’s ability…
Traders eye $0.22 demand zone as Hedera consolidates after sharp rebound The price of Hedera Hashgraph (HBAR) has shown a notable recovery in recent weeks, moving away from its July lows near $0.12 to trade around $0.22. Technical indicators suggest the token is consolidating between strong support levels and overhead resistance zones, leaving traders focused on the next decisive breakout. On the 4-hour chart, HBAR recently broke out of a prolonged descending channel, which had kept the price under pressure from May through early July. Following the breakout, a sharp surge carried the token above $0.25, before sellers re-emerged at…
Major tech and crypto investors rally behind Bastion’s stablecoin infrastructure Stablecoin infrastructure provider Bastion has secured $14.6 million in fresh funding, with the round led by Coinbase Ventures and supported by global giants including Sony, Samsung’s investment arm, Andreessen Horowitz (a16z), and Hashed. This latest raise comes just weeks after Bastion closed a separate $25 million funding round led by a16z, signaling accelerating demand for regulated, enterprise-grade stablecoin infrastructure. Unlike traditional projects that issue their own tokens, Bastion is building a white-label platform that enables companies to issue stablecoins without having to manage licenses or develop complex blockchain infrastructure themselves.…
