The Hashgraph Group (THG) has launched a new self-sovereign identity (SSI) platform, named IDTrust, aiming to reshape how digital identity is managed across governments and enterprises. IDTrust Built on Hedera Blockchain with AI Integration The platform is powered by Hedera’s Consensus Service and leverages artificial intelligence to allow individuals and organizations to create, manage, and verify credentials in a secure, decentralized way. Unlike traditional ID systems, IDTrust removes the need for centralized authorities and gives users complete control over their personal data. One of the platform’s core innovations is its stateless design, meaning it doesn’t require Hedera validators to store…
Author: Blockto Team
The cryptocurrency market experienced a broad sell-off, with nearly all major altcoins closing the day in the red. Altcoins underperformed Bitcoin, as traders took a more risk-off approach amid global market uncertainty. Cardano (ADA) sees sharpest drop among top cryptocurrencies Cardano (ADA) recorded the steepest intraday decline, dropping by 3.3%. This sharp fall reflects increasing pressure on ADA, which has struggled to regain investor confidence. Despite ongoing development in the Cardano ecosystem, market momentum has been weak. The drop positions ADA as the worst-performing asset of the day among the major tracked tokens. Tether Profit Surges to $2.6B in 2025…
The GENIUS Act, recently passed in the United States, is reshaping the global stablecoin landscape by establishing the first federal regulatory framework for fiat-backed stablecoins. Experts say the law could redefine how institutions, developers, and governments approach the digital asset space. What Does the GENIUS Act Do? The GENIUS Act requires stablecoin issuers to meet strict licensing and transparency standards, including: “Institutional investors can now have legal confidence to use regulated stablecoins,” said Fabian Dori, CIO at Sygnum Bank. According to Dori, these safeguards will enhance trust and support broader institutional adoption, bridging the gap between traditional finance and digital…
Filecoin (FIL) witnessed a sharp sell-off on August 1, 2025, as bearish pressure intensified across the cryptocurrency market. The token broke below a key technical support level at $2.38, triggering heightened volatility and sell-side volume spikes. Major Breakdown in FIL Price Structure In the past 24 hours, Filecoin fell by over 6%, extending losses that began earlier in the week. During the session, FIL touched an intraday low of $2.35, breaching its $2.38 support level on heavy volume, which surged to over 7.5 million FIL traded. This decisive move below support indicates that institutional selling may be in play, pushing…
Assetera, a licensed Austrian trading platform, has unveiled a breakthrough API that enables crypto exchanges to offer tokenized securities across Europe—without requiring their own regulatory license. This new integration simplifies the process for crypto platforms to list tokenized stocks, bonds, and ETFs, solving a long-standing challenge in the European market. MiFID II Compliance Made Simple The API offers instant compliance with MiFID II regulations, ensuring that all transactions meet EU legal standards. This is a major development in a region where stringent rules have traditionally blocked smaller exchanges from entering the tokenized securities space. Exchanges can now onboard tokenized financial…
The release of the July 2025 U.S. Nonfarm Payrolls (NFP) report sent shockwaves through global markets, pushing the U.S. Dollar Index (DXY) above 100 and weighing heavily on digital assets. U.S. Job Growth Misses Expectations The economy added only 106,000 jobs in July, falling short of the 110,000 forecast. At the same time, the unemployment rate edged closer to 4.2%, sparking renewed uncertainty about the strength of the U.S. labor market. These figures point to a cooling economy—one not weak enough for immediate rate cuts, yet not strong enough to support risk assets. The reaction was immediate. Bond yields held…
BNB slid by 4.5% in 24 hours, falling from $805 to $766, as global financial conditions pressured the broader crypto market. The decline follows renewed investor caution due to rising U.S. Treasury yields, Trump-era tariffs, and a stronger dollar. U.S. Economic Policy Sparks Risk-Off Sentiment The sell-off intensified around the $803 mark, where a sudden 56% surge in trading volume triggered heavy downward momentum. Key support levels at $789 and $777 were breached, with prices finally stabilizing near $767, a level that acted as a temporary buffer. The Federal Reserve’s hawkish tone, backed by a 2.8% rise in June’s core…
Tether, the issuer of the world’s largest stablecoin USDT, has posted a record-breaking $5.7 billion profit in the first half of 2025, according to its latest financial disclosures. Of this, $2.6 billion came specifically from gains on Bitcoin and gold investments, highlighting the firm’s sharp focus on asset diversification. Strategic Bitcoin and Gold Gains Boost Revenue In a year marked by volatile markets and rising demand for hard assets, Tether’s decision to allocate reserves toward Bitcoin and gold paid off significantly. The surge in both asset classes earlier in 2025 enabled the company to secure substantial, independent profits beyond its…
Japanese investment powerhouse Metaplanet has announced plans to raise ¥555 billion ($3.73 billion) in a bold move to accelerate its Bitcoin acquisition strategy. This capital injection will come through a new stock offering of perpetual preferred shares, offering up to 6% annual dividends depending on market conditions. Metaplanet Targets 210,000 Bitcoin by 2027 The company, often referred to as “Asia’s Strategy” for its aggressive approach to digital assets, has set an ambitious goal: to accumulate 210,000 BTC by the end of 2027. This initiative reflects a growing trend among institutional players using their balance sheets to gain long-term exposure to…
Leading venture capital firm Andreessen Horowitz has raised serious concerns over a draft crypto regulation bill currently under review by the US Senate Banking Committee. The firm argues that the proposed framework could introduce loopholes that weaken investor protections and complicate the legal standing of digital assets. “Ancillary Asset” Definition Under Scrutiny At the heart of the criticism is the “ancillary asset” concept, a term used to describe digital tokens sold as part of investment contracts but without giving holders any equity or governance rights. According to the firm, this definition creates regulatory ambiguity and is incompatible with the Howey…
