The Trump family’s net worth grew by $1.3 billion this week, driven by the trading debuts of American Bitcoin (ABTC) and World Liberty Financial (WLFI), according to Bloomberg. The gains mark a major milestone in the First Family’s deepening ties to the cryptocurrency and digital asset sectors. Net Worth and Locked Tokens The Bloomberg Billionaires Index estimates the Trump family’s current net worth at $7.7 billion, excluding approximately $4 billion worth of WLFI tokens that remain under lock-up restrictions. This surge highlights how blockchain ventures and crypto-linked companies have become central to the Trump family’s financial growth. Crypto Legitimacy and…
Author: Blockto Team
Shiba Inu Consolidates After Sharp Decline With Key Support at $0.000012 Shiba Inu (SHIB) is facing renewed selling pressure, trading near $0.00001239 after a 7% intraday decline. The meme-inspired token has entered a phase of sideways consolidation, with support around $0.00001200 keeping bears in check while multiple resistance levels continue to cap upside momentum. The four-hour chart shows SHIB forming a descending channel in June, followed by a breakout rally that carried prices above $0.00001600 in late July. However, momentum stalled as sellers defended higher levels, leading to a gradual decline into the current consolidation zone. “The $0.00001200 zone is…
Chainlink CEO Sergey Nazarov has expressed optimism about the future of tokenization after meeting with U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins. The discussion centered on how blockchain-based assets can comply with securities laws while enabling faster, safer adoption across traditional finance. SEC Shifts Focus Toward Implementation According to Nazarov, the SEC under Atkins is no longer debating whether blockchain tokenization should be integrated into the financial system. Instead, regulators are now focused on how to implement it efficiently and securely. Nazarov said he was impressed with Atkins’ “clear ideas and goals” for bringing the traditional financial system…
Tether, the world’s largest stablecoin issuer, has denied speculation that it sold off part of its Bitcoin reserves. Instead, the company confirmed it continues to allocate profits into Bitcoin, gold, and land, reinforcing its long-term diversification strategy. Tether Responds to Market Speculation Rumors of a Tether Bitcoin sell-off emerged after YouTuber Clive Thompson claimed the company’s holdings dropped from 92,650 BTC in Q1 to 83,274 BTC in Q2 2025, citing BDO’s attestation data. This led to speculation that Tether liquidated part of its crypto portfolio to acquire gold. However, CEO Paolo Ardoino swiftly dismissed these claims, stating: Bitcoin Holdings Shifted,…
Bulls defend critical zone as resistance at $2.90–$3.10 looms NEAR Protocol (NEAR/USDT) is currently trading at $2.44, consolidating above a vital support range near $2.30. The token has seen a 17% rebound from its recent lows, but traders remain cautious as it faces multiple resistance zones overhead. The chart shows that NEAR has consistently tested the $2.30–$2.35 support zone, making it a key level for bulls to maintain control. On the upside, the first major resistance sits at $2.85–$2.90, followed by a stronger supply barrier near $3.10, where sellers have historically taken profit. According to BITX analysts , “The $2.30 area…
Nation acquires 13,999 troy ounces to diversify assets alongside Bitcoin holdings El Salvador has announced the purchase of 13,999 troy ounces of gold worth $50 million, marking its first gold acquisition since 1990. The move comes as part of a broader diversification strategy to strengthen the country’s foreign reserves and reduce reliance on the U.S. dollar. With this purchase, El Salvador’s total gold reserves rise to 58,105 troy ounces, now valued at approximately $207.4 million. The Central Bank emphasized that gold remains an “asset of universal strategic value, contributing to financial stability and protecting the economy from structural changes in…
Ripple’s XRP is currently trading under pressure, hovering near $2.83 after failing to sustain its July breakout. The chart indicates that while long-term optimism remains, near-term technicals show strong resistance and limited bullish momentum. Over the past few weeks, XRP has consolidated between $2.70 and $3.00, testing a critical support zone highlighted on the chart. The green support area near $2.70 has held multiple times, suggesting buyers are defending this level. A sustained breakdown, however, could expose XRP to deeper losses toward the $2.40–$2.50 range. On the upside, immediate resistance lies in the $3.00–$3.20 zone, with heavier supply visible between…
“Binance dollars” become everyday money for payments, salaries, and groceries Venezuela’s national currency, the bolívar, is rapidly losing relevance in daily commerce as inflation climbs to 229% annually. Stablecoins such as Tether’s USDt, often called “Binance dollars” locally, have become the preferred medium of exchange for millions of Venezuelans. From groceries to salaries in stablecoins Once used only by crypto-savvy individuals, USDt is now accepted for groceries, condo fees, salaries, and vendor payments. “People and companies prefer to price their goods and services in USD, and receive payment for the same in USD,” explained Mauricio Di Bartolomeo, a Venezuelan entrepreneur…
Blockchain upgrades, regulatory reforms, Bitcoin’s safe-haven narrative, and PayFi entrants lead the week From August 21 to September 6, 2025, the crypto market witnessed pivotal developments. Ethereum advanced toward its next major upgrade, U.S. regulators softened their stance on digital assets, Bitcoin reaffirmed its role as a safe-haven, and a rising PayFi project drew investor attention. Together, these updates point to a sector that is maturing under both technological and regulatory change. Ethereum’s Fusaka Upgrade on Track Ethereum developers are preparing the Fusaka hard fork, expected in November. The update includes PeerDAS, Verkle Trees, and a fivefold increase in gas…
New compliant stablecoin aims to strengthen Hyperliquid’s ecosystem and institutional adoption Paxos has unveiled a proposal to launch USDH, a Hyperliquid-first stablecoin, designed to be fully compliant with the GENIUS Act in the US and the EU’s MiCA framework. The move highlights a growing push to merge regulatory clarity with decentralized finance innovation. USDH designed for Hyperliquid growth According to the proposal, 95% of the yield from USDH reserves will be directed into HYPE token buybacks, redistributing value to users, validators, and partner protocols. Paxos described the initiative as a way to “drive adoption, align incentives, and anchor the ecosystem’s…
