Ethereum has reached a new daily transaction record, surpassing its previous 2021 peak. On August 5, the blockchain processed 1.74 million transactions, driven by surging demand in DeFi, stablecoins, and ETH-based treasury strategies. This milestone marks a significant shift in Ethereum’s usage patterns, with both retail and institutional players fueling on-chain activity. The renewed focus on Ethereum for corporate treasuries has played a key role, as companies seek exposure to programmable digital assets in the face of global monetary uncertainty. More than a dozen firms have recently adopted an Ethereum treasury strategy, adding ETH to their balance sheets to hedge…
Author: Blockto Team
Breakout from falling wedge and rising support indicate bullish momentum PEPE surged over 5% in the last 24 hours, breaking out of a month-long falling wedge pattern on the 4-hour chart, a classically bullish structure. The breakout coincides with renewed risk appetite across crypto markets, driven by increasing odds of a U.S. Federal Reserve rate cut in September. The meme coin found strong demand in the $0.00000100–$0.00000103 range, highlighted by a green demand zone that has consistently absorbed selling pressure. Price bounced off this zone several times in late July and early August before today’s rally confirmed a bullish reversal…
Paxos agrees to pay New York regulators over issues tied to its former partnership with Binance and handling of BUSD stablecoin. Paxos has reached a $48.5 million settlement with the New York Department of Financial Services (NYDFS) following a regulatory probe into its compliance failures during its partnership with Binance. The deal includes a $26.5 million penalty and an additional $22 million commitment to upgrade its internal compliance systems. The settlement, announced Thursday, stems from alleged lapses in anti-money laundering oversight, particularly surrounding the Binance USD (BUSD) stablecoin, which Paxos issued on behalf of the global crypto exchange. “Paxos failed…
Binance Coin (BNB) surged on fresh bullish momentum tied to treasury inflows, but faces overhead resistance as traders lock in profits. Binance Coin (BNB) posted a sharp rally earlier today, briefly touching a local high of $778 before retracing to trade near $772.61, according to the 4-hour chart on Binance. The move follows speculation around a $500 million treasury deployment, fueling renewed interest in BNB across both spot and derivatives markets. “These types of institutional inflows often create short-term price spikes,” said a crypto analyst monitoring large wallet movements. “But sustainability depends on whether price can hold key support zones.”…
Chainlink introduces a self-sustaining reserve model aimed at reinforcing token utility and long-term protocol growth. Chainlink has launched the Chainlink Reserve, an on-chain mechanism designed to accumulate LINK tokens using revenues generated from both enterprise and decentralized application usage. The initiative is built to directly support the network’s growth and long-term sustainability, the project announced Thursday. The reserve is funded via a system called Payment Abstraction, which enables fees paid in other tokens to be automatically converted into LINK. This process ensures that protocol usage—regardless of the original payment asset—results in LINK accumulation, increasing demand for the native token. “By…
1,250% risk weight for unbacked crypto may curb institutional adoption across Europe European banks face new regulatory hurdles as the European Banking Authority enforces strict capital requirements for crypto holdings. The European Banking Authority (EBA) has finalized its long-awaited rules requiring banks to apply a 1,250% risk weight to holdings of unbacked cryptocurrencies like Bitcoin and Ether. The regulation is part of the Capital Requirements Regulation (CRR III) framework and became effective in July 2024. “This framework ensures harmonization across the EU and clarifies how capital should be allocated for crypto exposures,” the EBA stated in its final draft. Unbacked…
Ethereum Trails Behind as Smaller Caps Outshine Majors in Weekly Surge Altcoins are gaining fresh momentum this week, with SUI and POL tokens emerging as the top performers, posting 6.3% and 6.2% gains respectively. These tokens outpaced larger-cap assets like Ethereum (ETH), which recorded a 4.4% increase over the same period. This shift reflects a broader market rotation, where investor appetite is shifting toward mid-cap tokens amid rising risk-on sentiment and continued developments in decentralized ecosystems. Top-performing altcoins this week The data shows a notable trend: Ethereum remains a solid performer, but smaller tokens like SUI and POL are showing…
A new report highlights persistent challenges facing decentralized finance and tokenization efforts amid cautious investor sentiment. The growth of decentralized finance (DeFi) and asset tokenization is falling short of expectations, according to a recent research note from JPMorgan. Led by strategist Nikolaos Panigirtzoglou, the report highlights that DeFi’s total value locked (TVL) remains well below 2021 peaks, signaling a sluggish recovery following the 2022 crypto market downturn. “The rebound in DeFi remains muted, with activity largely confined to retail and crypto-native participants,” Panigirtzoglou stated. “Institutional traction is still limited.” TVL, a core metric used to assess the health of DeFi…
Strategic acquisition aims to advance Ripple’s RLUSD integration in global payments Ripple is expanding its footprint in the stablecoin sector with the acquisition of payments infrastructure firm Rail, marking a major move in its digital asset roadmap. In a move to accelerate its stablecoin strategy, Ripple has agreed to acquire stablecoin payment firm Rail for $200 million, a deal expected to close in the fourth quarter of 2025. The acquisition supports Ripple’s continued push into tokenized payments following the recent launch of its RLUSD stablecoin. “Stablecoins are quickly becoming a cornerstone of modern finance,” said Monica Long, President of Ripple.…
Tether has taken a significant minority stake in Spanish cryptocurrency exchange Bit2Me, investing €30 million through its venture capital arm. The deal aligns with Bit2Me’s recent regulatory milestone—full authorization under the EU’s Markets in Crypto-Assets (MiCA) framework—allowing it to legally operate across all European Union member states. “This investment is a recognition of Bit2Me’s vision and readiness to lead in regulated crypto environments,” said a senior Bit2Me representative familiar with the transaction. The funding round included other major stakeholders such as Telefónica, BBVA, and Unicaja, and is expected to bolster Bit2Me’s regional presence, particularly in Argentina, where the exchange holds…
