Indonesia is taking bold steps toward adopting Bitcoin as a strategic national reserve, signaling a potential shift in its long-term economic policy. According to recent developments, key officials from the Vice President’s office have engaged in discussions exploring how Bitcoin mining and adoption could support national growth. Bitcoin Mining Could Power Indonesia’s Economic Expansion With its rich natural resources such as hydroelectric and geothermal energy, Indonesia holds significant potential to become a global Bitcoin mining hub. These renewable energy sources could power large-scale mining operations, creating new employment opportunities and boosting local economies. The idea, discussed during a presentation to…
Author: Blockto Team
Polygon’s native token, POL, showed strong performance in early U.S. trading, with gains that briefly pushed the price up by 9%, before retracing due to profit-taking. Despite the pullback, POL is holding onto a solid 3% daily gain, outperforming the broader crypto market. POL Sees Above-Average Volume and Intraday Rally In the early hours of U.S. trading, POL surged from $0.206 to a high of $0.225, according to market data. The move was accompanied by volume spikes between 708,000 and 804,000 units, nearly double the 24-hour average of 410,000. However, selling pressure emerged in the afternoon, leading to a minor…
XRP has officially gone live on BDACS, a regulated crypto custodian in South Korea, marking a significant milestone in Ripple’s push for global institutional adoption. BDACS Launches XRP Custody for Institutions The move follows a February 2025 partnership between Ripple and BDACS, aimed at supporting secure, regulated access to digital assets for Korean institutions. BDACS announced the rollout on Aug. 5, confirming custody support for XRP, one of the country’s most actively traded cryptocurrencies. “This launch is the first major outcome of the Ripple-BDACS deal and aligns with Korea’s roadmap for institutional crypto growth.” The XRP listing reinforces Ripple’s presence…
Meme coin PEPE extended its losses, dropping nearly 4% in the last 24 hours, as broader market anxiety over U.S. trade policy deepened. The token is now down 32% from its July peak, reflecting a sharp pullback across speculative assets. Arthur Hayes Exit Amplifies Pressure The latest leg of the decline came after former BitMEX CEO Arthur Hayes disclosed the liquidation of his $414,000 PEPE position, citing concerns over macroeconomic risk and escalating U.S. tariffs. PEPE’s price slipped from $0.00001083 to $0.00001002, with over 3.26 trillion tokens traded as sell-side momentum accelerated. Hayes, a closely followed figure in crypto markets,…
Coinbase has launched a new developer toolkit called “Embedded Wallets,” a strategic move aimed at simplifying crypto wallet integration while supporting the growing demand for self-custody solutions and decentralized finance (DeFi). This tool is part of the broader Coinbase Developer Platform (CDP) and enables direct access to the same core infrastructure powering Coinbase’s upcoming decentralized exchange. The launch comes at a time when crypto regulation is shifting favorably in the U.S., encouraging deeper user participation in DeFi and Web3 ecosystems. Embedded Wallets Offer USDC Yield and Seamless Integration The toolkit includes built-in support for USDC rewards, with wallets earning 4.1%…
Cardano (ADA) declined 3% in the past 24 hours, sliding to $0.72 during a period of broader crypto market weakness and heightened sell-side pressure following the Midnight (NIGHT) token airdrop. Airdrop Volatility Pushes ADA Below Key Support ADA was trading between $0.734 and $0.760 throughout the day, but failed to hold above the critical $0.740 support level. The sharp move downward reflects increased distribution pressure as traders offloaded ADA following their NIGHT token allocations. Heavy volume and a 3% daily loss positioned ADA as one of the underperformers among top altcoins. The price action highlights the market’s uncertainty surrounding the…
Brazil’s House of Representatives is set to hold a key hearing on August 20, where lawmakers will debate a groundbreaking proposal to create a national Bitcoin reserve. The bill, introduced in late 2024, could position Brazil among the few nations actively investing government reserves into digital assets. Proposal Allows Up to 5% of Reserves in Bitcoin The proposed legislation seeks to allocate up to 5% of Brazil’s treasury reserves into Bitcoin (BTC). Based on the country’s estimated $300 billion in total reserves, this would represent a potential investment of around $15 billion. The goal is to shield Brazil’s international reserves…
Ripple’s XRP surged 5% on the day, closing at $3.04, as price action remained volatile within a tight range between $2.83 and $3.11. This level marks a critical inflection point, with bulls and bears now eyeing $3.00 as the make-or-break zone for short-term momentum. XRP Volume Surges Amid Whales and Bank Opposition More than 110 million XRP changed hands in the past 24 hours, including a single $33 million transaction executed in under a minute—causing short-term slippage and unsettling market depth. Despite this volatility, XRP held strong above the $3.00 support level. Meanwhile, Ripple’s license application faced new resistance from…
Cosmos’ ATOM token rebounded from a sharp decline to establish a strong new support zone above $4.27, as institutional traders stepped in during a volatile session. The asset gained 3% from $4.18 to $4.30, marking a significant recovery that hints at strategic accumulation. ATOM Recovers as Trading Volume Surges After dipping to $4.18 during early U.S. trading hours, ATOM surged to $4.30 in less than seven hours. Volume surged notably: These spikes suggest deliberate accumulation by large players. Between 13:09 and 14:08 UTC, ATOM’s price action transitioned from volatile to stable—signaling tactical positioning for a potential breakout above the key…
From Panic to Accumulation: BTC Surges Amid Global Repricing of Risk Bitcoin (BTC) has climbed over 130% in the past 12 months, rebounding from its $49,000 low triggered by the unwind of the yen carry trade in August 2024. Now trading above $114,000, the cryptocurrency’s rally mirrors a broader global repricing of macroeconomic risk. One year ago, Japan’s pivot to tighter monetary policy caused global bond yields to spike, undermining the popular yen carry trade and sparking a flight from risk assets — including Bitcoin. Long-Term Holders Signal Strong Conviction According to Glassnode data, long-term Bitcoin holders—those who have held…
