Author: Blockto Team

Vote sets stage for a full Senate decision as agency leadership remains thin Michael Selig, nominated to lead the U.S. Commodity Futures Trading Commission, moved one step closer to confirmation after the Senate Agriculture Committee advanced his name in a vote that fell strictly along party lines. The decision positions Selig for a full Senate floor vote, where he will need backing from at least 50 senators. Republican committee members announced the advancement on Thursday, following a hearing in which lawmakers pressed Selig on issues ranging from decentralized finance oversight to conflicts of interest and the CFTC’s ongoing leadership shortages.…

Prediction market leader strengthens global expansion as VC interest intensifies Prediction market platform Kalshi has secured a significant boost in its global ambitions after raising an additional $1 billion in fresh capital, pushing its valuation to an estimated $11 billion, according to new industry disclosures. The latest funding round was reportedly led by Sequoia Capital and CapitalG, marking one of the largest single raises in the prediction market space this year. The investment comes only weeks after Kalshi collected $300 million during its expansion into 140 countries — a signal that major venture firms remain confident in the long-term growth…

Analysts warn that October’s liquidation shock continues to pressure digital asset liquidity The cryptocurrency market’s recent decline may be tied to a deeper liquidity disruption among major market makers, according to new industry assessments. Following the sharp Oct. 10 sell-off — when more than $20 billion in leveraged positions were liquidated — concerns are rising that the structural damage has not yet fully surfaced. The shock liquidation, which briefly pushed Bitcoin from above $121,000 down toward the mid-$80,000s, has left lasting impacts across trading desks. Analysts now believe the sell-off created significant balance-sheet gaps for several large market-making firms. Market…

Downside flows from old wallets, shifting macro expectations, and options markets turning defensive deepen pressure on Bitcoin. Bitcoin has slid toward the mid-$80,000 zone as market structure continues to weaken into the final weeks of the year. A combination of sustained sell pressure, hawkish macro repricing, and bearish options positioning has pushed sentiment into its most defensive posture since early summer. The pullback follows months of distribution and a clear breakdown across key technical levels, as shown in the latest chart data. Technical Breakdown Suggests Shift in Trend BTC’s sharp decline accelerated after losing support near the $92,000–$95,000 range, followed…

India’s government is weighing the introduction of a stablecoin regulatory framework, marking a rare divergence from the Reserve Bank of India (RBI), which continues to urge caution toward crypto assets. According to a report by MoneyControl, officials familiar with the matter said the Ministry of Finance may include stablecoin regulation proposals in the Economic Survey 2025–2026, the government’s annual policy document outlining economic priorities and future reforms. If adopted, this shift would represent India’s most significant move yet toward legitimizing digital assets, after years of mixed signals ranging from tax penalties to broad skepticism. RBI Maintains Resistance, Pushes for CBDC…

Technical Outlook Signals Potential Turning Point In recent sessions, POL/USDT recorded a 7% intraday surge, offering a brief reprieve after weeks of persistent downside pressure. Fresh chart data suggests the market may be preparing for a decisive move as the token trades near historically reactive support levels. The latest price action shows POL attempting to stabilize around the $0.15 region, a zone that has acted as a structural pivot multiple times throughout the year. Despite the bounce, the broader technical landscape remains mixed, with both bullish and bearish signals competing for dominance. Analysts note that the asset is entering a…

Market Pullback Deepens Despite Early Optimism in U.S. Equities Bitcoin’s brief Nvidia-fueled lift has unraveled sharply, with the benchmark cryptocurrency sliding to $86,000 after failing to hold above key structural levels. The decline comes as U.S. equities also surrender early-session strength, leaving the Nasdaq up just 0.3% after a strong opening surge. After showing signs of bullish momentum earlier in the month, Bitcoin has entered a pronounced pullback phase. The latest chart data highlights repeated rejections at major supply zones, followed by a decisive break in structure. With price action accelerating downward, traders are now focused on historically reactive demand…

With Bitcoin forming a “death cross” and market sentiment weakening, XRP loses a key support zone, pushing the asset toward a critical demand region. XRP extended its downside move after losing the $2.15 support, a level that has acted as a major structural floor throughout the past quarter. The drop comes without any direct fundamental catalyst for XRP itself, but broader market pressure — amplified by Bitcoin’s emerging death cross pattern — has intensified the selling environment across large-cap altcoins. As technical momentum weakens, traders now look to deeper support zones to determine whether the current leg down will stabilize.…

Michael Selig outlines his stance on digital asset regulation as lawmakers weigh expanding CFTC authority Michael Selig, the current chief counsel for the crypto task force at the U.S. Securities and Exchange Commission, faced sharp questioning from senators as he sought confirmation to become the next chair of the Commodity Futures Trading Commission. His testimony comes at a moment when U.S. digital asset regulation is undergoing major shifts and the CFTC’s leadership remains unsettled. Digital asset regulation takes center stage Appearing before the Senate Agriculture Committee, Selig emphasized the need for clear rules instead of reactive enforcement actions.He warned that…

Early conversations highlight how staking, governance, and programmability could reshape the XRP Ledger as XRP activity expands across institutional and DeFi markets. A new technical discussion led by RippleX Head of Engineering J. Ayo Akinyele and outgoing Ripple CTO David Schwartz has revived questions about how the XRP Ledger (XRPL) might evolve to support native staking and expanded DeFi functionality. Though both leaders stressed the ideas are exploratory, the debate reflects XRPL’s growing use across tokenization, settlement, DATs, and institutional markets — reinforced by last week’s launch of the first pure spot U.S. XRP ETF. XRPL’s Expanding Role Sparks Incentive…