Philippine Senator Bam Aquino has announced plans to file a bill that would put the country’s national budget on a blockchain, aiming to enhance transparency and accountability in government spending. Blockchain for Government Transparency According to a Facebook post by BusinessWorld, the proposed legislation will integrate the government’s budget and transactions into a blockchain platform. This move is designed to ensure real-time public visibility of how funds are allocated and spent. In his statement, Senator Aquino emphasized the role of technology in strengthening accountability within governance. During the Manila Tech Summit 2025, he stated: Related :Philippine Lawmaker Pushes for Strategic…
Author: Blockto Team
The Sandbox, a leading metaverse platform under Animoca Brands, is undergoing a major organizational restructuring, with its co-founders moving into new strategic positions as the company adapts to technological changes and market conditions. Leadership Changes at The Sandbox Co-founder Arthur Madrid has shifted from CEO to Chairman, while Sebastien Borget assumes the role of Global Ambassador, representing the platform at key Web3 and gaming events worldwide.“Both remain deeply involved in The Sandbox and its ecosystem, with key initiatives to be announced later this year,” Borget said in a statement. AI Adoption Drives Operational Optimization The restructuring includes staff reductions, although…
SOL Records 3% Daily Gain While Bulls Eye Breakout Levels Solana (SOL/USD) extended its recent rally with a 3% gain in the last 24 hours, climbing to around $215 as trading momentum continues to strengthen. The move positions SOL near a crucial resistance zone, with traders closely monitoring whether the token can secure a decisive breakout. The chart indicates that Solana has been in a sustained uptrend since mid-July, supported by a series of higher lows along a rising trendline. After bouncing from the $165 support zone, the cryptocurrency has steadily advanced toward the $215–$220 resistance area, a level that…
El Salvador President Nayib Bukele has drawn attention to the growing excitement in prediction markets over whether the country’s Bitcoin holdings will surpass $1 billion by late 2025. Bukele Reacts as Odds Surge on Kalshi On Thursday, Bukele posted on X, referencing Kalshi’s prediction market, where the odds of El Salvador reaching the $1 billion milestone jumped from 20% to 38% in just a few hours.“I could do the funniest thing right now,” Bukele wrote, fueling speculation among crypto enthusiasts. Following Bukele’s comment, Polymarket launched a similar market, offering bets on El Salvador holding $1 billion in Bitcoin by December…
Crypto exchange BitMart has officially withdrawn its application for a Virtual Asset Service Provider (VASP) license in Hong Kong, joining several other major exchanges that have taken similar steps. According to the Hong Kong Securities and Futures Commission (SFC), BitMart pulled its application on Thursday, aligning with a trend that began in 2024, when top exchanges like Bybit, OKX, and Gate also withdrew their applications ahead of the regulatory deadline. This wave of withdrawals comes as Hong Kong enforces stringent licensing requirements for crypto trading platforms. Hong Kong’s Strict Licensing Framework Hong Kong’s VASP rules require any centralized crypto exchange…
Economic growth beats expectations while labor market shows resilience The U.S. economy expanded at a stronger-than-expected pace in the second quarter of 2025, with preliminary gross domestic product (GDP) increasing at an annualized rate of 3.3%. At the same time, initial unemployment claims fell to 229,000, signaling that the labor market remains steady. GDP growth outpaces forecasts The 3.3% GDP increase marked a clear improvement from the previous quarter’s contraction and exceeded forecasts that had called for growth around 3.0%. Economists highlight that consumer spending and business investment continued to drive momentum, while service-sector activity remained robust. “This report shows…
Bulls Defend Key Level After $273M Turnover XRP (XRP/USDT) is holding steady around $3.00, consolidating after a volatile trading session that recorded a $273 million spike in trading volume on Tuesday. The surge in activity highlighted renewed investor interest, but the price now faces a critical test between support at $2.98 and multiple overhead resistance levels. The chart shows that XRP recently broke out of a prolonged descending channel, sparking a strong rally above $3.50 before retreating. Since then, the cryptocurrency has retraced and is now stabilizing in a green demand zone around $2.95–$3.00, suggesting that buyers remain active at…
The crypto market is preparing for a significant event in September 2025, as projects plan to unlock nearly $4.5 billion worth of vested tokens, according to data from Tokenomist. $1.17 Billion in Cliff Unlocks, $3.36 Billion in Linear Unlocks Token unlocks will be split into two categories: Several major blockchain projects will see substantial token releases: Other notable projects include Starknet with $16.85 million, Sei at $16.49 million, and smaller releases from ZK ($10.7M) and Immutable ($13.4M). Impact on Market Sentiment Historically, token unlocks created “unlock anxiety” among investors due to fears of price dilution. However, the market’s perspective is…
Key Resistance at $5.00 Remains the Barrier for Bulls Aptos (APT) is trading around $4.41, showing signs of consolidation after recent volatility in the altcoin market. The chart highlights that the asset is currently holding above its crucial support zone near $4.20, while struggling to reclaim higher resistance levels. The past few weeks have seen APT decline from above $5.20, falling sharply before stabilizing in the green demand zone between $4.10 and $4.25. Traders now view this region as a key support, while the red resistance band around $4.90–$5.00 remains the biggest hurdle for buyers. “The $4.20 level is extremely…
The recently launched Kanye West-linked YZY token has become another cautionary tale in the volatile world of celebrity-endorsed cryptocurrencies. Data reveals that while a handful of wallets profited, the majority of traders suffered heavy losses. Over 51,000 Traders Faced Losses According to blockchain analytics, more than 51,800 traders incurred losses, totaling an estimated $74 million. Out of 70,200 traders who invested in YZY, only 11 wallets managed to earn more than $1 million, and just 99 wallets made over $100,000 in profit. The YZY token, launched on August 21 on the Solana blockchain, initially skyrocketed by 1,400% within the first…
