The sudden suspension of several memecoin-related accounts on social media platform X has raised questions across the crypto industry. Leading the list is Pump.fun, a popular Solana-based memecoin launchpad, whose official handle and co-founder’s account were taken offline on June 16. Mass Suspensions Raise Red Flags Alongside Pump.fun, a number of other accounts tied to the Solana memecoin ecosystem were suspended, including GMGN, Bloom Trading, BullX, and ElizaOS. These accounts played prominent roles in promoting and launching memecoins, and their removal has stirred speculation about policy violations or possible regulatory scrutiny. No official reason was provided for the suspensions, leaving…
Author: Blockto Team
The digital asset investment space is set to expand in Canada as a spot XRP ETF prepares to make its debut on the Toronto Stock Exchange this week. This marks a significant development in the institutional adoption of altcoins and offers new access for traditional investors. XRP ETF Gets Regulatory Green Light Purpose Investments, the issuer behind the world’s first spot Bitcoin ETF, has received final regulatory approval to launch a spot XRP exchange-traded fund in Canada. The ETF will begin trading on the Toronto Stock Exchange under the ticker symbol XRPP on Wednesday, June 18. The approval was granted…
Lee Hyung-soo, the CEO of South Korea-based Haru Invest, has been acquitted of fraud charges related to the abrupt collapse of his crypto investment platform in 2023. The ruling, issued by the Seoul Southern District Court, clears Lee of criminal wrongdoing in a case that allegedly affected over 6,000 investors and involved $650 million in losses. Withdrawal Suspension Sparked Legal Storm Haru Invest halted user withdrawals in June 2023, leaving investors unable to access funds. The platform had promised up to 25% annual returns, sparking allegations that it operated as a deceptive high-yield investment scheme. Initial estimates claimed over $1…
SUI token is attracting growing investor interest after rising 3.85% to $3.1110, backed by a strong technical setup and significant on-chain developments. With critical resistance approaching at $3.30, the token is being closely watched for a potential breakout to new highs. Price Action Signals Uptrend SUI surged from $2.9742 to $3.1554 within a 24-hour period, reflecting a 6.09% intraday move. The token broke above the $3.08 resistance level and quickly formed support near $3.09–$3.12, indicating a healthy trend reversal. Volume exceeded 12 million units during early trading hours, confirming strong accumulation. A second breakout occurred at $3.12, where a sudden…
JPMorgan Chase has taken a major step toward expanding its presence in blockchain-based financial services by filing a new trademark for “JPMD.” The filing hints at a range of digital asset services and has sparked industry speculation about a possible new stablecoin offering. Trademark Filing Covers Wide Range of Crypto Services On Sunday, JPMorgan submitted a trademark application to the U.S. Patent and Trademark Office for “JPMD,” outlining several crypto-related financial services. The application includes digital asset trading, payment processing, clearing, exchange, and transfer services — signaling a potential shift toward integrating more of JPMorgan’s services with blockchain infrastructure. While…
Litecoin (LTC) is gaining bullish momentum as market sentiment strengthens around a potential spot ETF approval in the U.S. The altcoin surged over 2% in the last 24 hours, breaking key resistance and signaling a shift in investor sentiment. LTC Climbs Amid ETF Hopes Litecoin rose from $85.05 to $88, marking a 2%+ gain as optimism builds around the approval of a spot Litecoin ETF. Analysts now estimate a 90% chance of approval, while betting markets reflect a 76% probability, adding fuel to LTC’s recent rally. Traders are positioning ahead of potential regulatory developments, seeing the ETF as a gateway…
NEAR Protocol has shown remarkable strength in the face of ongoing geopolitical and economic uncertainty, breaking through a key resistance level and capturing the attention of traders and analysts. NEAR Jumps 6.1% to Breach $2.324 Resistance In the past 24 hours, NEAR has surged by 6.1%, climbing from $2.219 to a local high of $2.354. The move was driven by strong market momentum and above-average trading volume, particularly during critical trading sessions. The token decisively broke past the $2.300 resistance zone at 13:00, reaching a new high of $2.354 by 14:00. This breakout followed the establishment of solid support at…
The crypto market surged on Monday, with Bitcoin leading the rally, fueled by bullish institutional developments and growing anticipation around regulatory clarity and upcoming monetary policy decisions. Bitcoin Nears All-Time High Bitcoin (BTC) climbed 3.1% to $108,600, closing in on its historical all-time high. The sharp price increase reflects renewed investor confidence after last week’s brief correction. As of the latest figures, BTC is trading around $106,728.25, showing strong bullish momentum. “BTC has mostly served as a trigger for altcoins,” as observed in the market dynamics—signaling that Bitcoin remains the primary force driving the market’s overall direction. Altcoins Join the…
The share of global Bitcoin mining controlled by U.S.-listed companies has reached an all-time high, according to recent industry data. In June, 13 publicly traded miners in the U.S. accounted for approximately 31.5% of the total Bitcoin network hashrate, signaling growing dominance of American firms in the global crypto mining landscape. Hashrate Surges 99% Year-on-Year Among U.S. Miners The combined hashrate of these U.S.-listed miners has grown 99% year-over-year, significantly outpacing the 55% increase in total global Bitcoin network hashrate over the same period. This expansion reflects aggressive infrastructure growth by leading mining companies. CleanSpark, Hive Technologies, and Riot Platforms…
The Cosmos token (ATOM) posted a sharp 6% rally over the past 24 hours, rising from $4.01 to $4.27, as broader crypto markets rebounded from last week’s sell-off. The move comes amid easing geopolitical tensions and growing interest in decentralized ecosystems as alternatives to traditional markets. Key Support Held Strong ATOM formed a clear bottoming pattern between $4.01 and $4.05 during the late hours of June 15. This critical support zone attracted strong buyer interest, with above-average volume signaling a potential trend reversal. The token began showing strength at the $4.05 level, supported by a steady build-up of volume and…
