Ripple lawsuit ends, China tightens stablecoin rules, IPO wave grows, and Ethereum crosses $4K milestone The cryptocurrency industry is entering a pivotal phase as a series of legal, regulatory, and market developments reshape the global landscape. From Ripple’s legal closure with the U.S. Securities and Exchange Commission (SEC) to China’s crackdown on stablecoins, the past week has marked a turning point for digital assets. Ripple’s SEC Battle Officially Ends In one of the most closely watched crypto legal cases, the SEC has officially dropped its lawsuit against Ripple. The agreement ends years of litigation, with Ripple agreeing to pay a…
Author: Blockto Team
Partnership with Sui Foundation Brings Regulated Custody, Trading, and Upcoming Staking Services Swiss digital asset bank Sygnum has officially launched regulated custody and trading for Sui (SUI), strengthening institutional access to the rapidly growing blockchain network. The move is part of a strategic partnership with the Sui Foundation, aimed at meeting rising demand from banks, asset managers, and high-net-worth individuals for secure and compliant digital asset solutions. Under the partnership, SUI staking will be introduced in the coming weeks, with collateral-backed Lombard loans planned for later this year. These services are designed to expand the use of Sui within institutional…
Profit-Taking Pauses Rally Following Double-Digit Surge XRP retreated by 5% on Monday, cooling off after a sharp 13% surge late last week that followed the official conclusion of the Ripple vs. SEC legal battle. While the landmark resolution initially sparked aggressive buying, analysts say the latest dip reflects healthy profit-taking rather than a reversal of trend. The 4-hour chart shows that XRP rallied strongly from the $2.85–$2.95 support zone, breaking through intermediate resistance before stalling below the $3.55–$3.60 supply area. This region has acted as a historical ceiling and remains the main hurdle for a sustained bullish breakout. At present,…
Trump-backed venture eyes Nasdaq-listed treasury model to boost WLFI adoption World Liberty Financial, a digital asset venture supported by members of the Trump family, is preparing to establish a publicly traded treasury company with the goal of holding large reserves of its WLFI governance tokens. The plan seeks to raise about $1.5 billion, positioning the company among a growing class of listed firms that maintain significant cryptocurrency holdings. Industry sources familiar with the matter said the structure would likely involve a shell company already listed on the Nasdaq, which World Liberty would acquire and repurpose as a crypto treasury. The…
$0.00320 resistance emerges as short-term hurdle after bounce from major support Dogecoin (DOGE) has rebounded strongly after whale accumulation near the $0.00280–$0.00290 demand zone, gaining over 10% in the last 24 hours to trade around $0.00317. The move came after multiple successful retests of the green support area, which has acted as a critical buy zone since late July. Technical analysis of the 4-hour chart shows DOGE breaking out of a prolonged falling wedge pattern in late June, followed by a period of sideways consolidation. This latest rally was sparked by high-volume buying, suggesting that large holders (whales) are adding…
Largest U.S. university fund expands exposure to digital assets amid ETF growth Harvard Management Company, which oversees the university’s $53.2 billion endowment, has disclosed a $116 million investment in BlackRock’s iShares Bitcoin ETF, marking one of the most significant institutional moves into cryptocurrency this year. A recent U.S. Securities and Exchange Commission (SEC) filing shows Harvard holding approximately 1.9 million shares of the ETF as of June 30, making it the fund’s fifth-largest investment after Microsoft, Amazon, Booking Holdings, and Meta. “The endowment and its asset allocation is set up to anticipate you’re gonna have some volatile periods,” said Robert…
Break above key support zones sparks bullish momentum amid expanding regulated offerings Sui (SUI) surged over 4% in the last 24 hours, trading near $3.97, after Swiss-based banks Sygnum and Amina announced the launch of trading, custody, and lending services for the token. The move provides regulated access for professional and institutional investors, a development expected to strengthen Sui’s market position in the growing Web3 sector. On the technical front, SUI recently broke out from a falling wedge pattern, reclaiming the $3.50–$3.60 support zone highlighted on the daily chart. The asset is now approaching a critical resistance range between $4.00…
Tokenized stocks fuel DeFi growth as NFTs regain momentum in July Decentralized finance (DeFi) liquidity surged to a record $270 billion in July, marking a 30% month-over-month jump in total value locked (TVL), according to DappRadar data. The surge was partly driven by tokenized stocks, which saw active wallets soar from around 1,600 to over 90,000, pushing their market capitalization up 220%. While liquidity in DeFi protocols reached historic highs, user engagement shifted toward nonfungible tokens (NFTs). Data shows 3.85 million of the 22 million daily active wallets interacted with NFT DApps in July, slightly surpassing DeFi’s active user base.…
Institutional inflows and break resistance at $4,100 fuel short squeeze speculation Ether’s price rally above $4100 has triggered one of the largest short position liquidations in recent months, wiping out an estimated $105 million in Ether shorts within a single day. This accounts for more than half of the $199.6 million in total crypto short liquidations, according to market data. On Friday, Ether climbed as high as $4,060, marking its first break above the $4,000 level since December 2024 before stabilizing around $4,015. The move came amid growing optimism in the crypto market, with traders eyeing the $4,100 level as…
Bulls Regain Control Amid Rising Trading Volumes The price of Aptos (APT) has staged an impressive rebound, climbing over 7% in the past 24 hours as buyers stepped in to defend a crucial support area. According to market data, support has been established between $4.61 and $4.66, while immediate resistance is now seen around $4.72. The recovery follows a period of sustained selling pressure that pushed APT towards the lower end of its recent trading range. The sharp bounce from the green support zone on the chart signals renewed market confidence. A break above the red resistance zone could pave…
