Crypto Market Weakens as LINK Faces Selling Pressure Near $16.25 Chainlink’s native token LINK fell nearly 4% on Thursday, trading around $15.82, as renewed market optimism following ETF-related headlines failed to translate into sustained buying momentum. The token encountered strong resistance near $16.25, a level that has repeatedly capped upward moves over the past week, aligning with a broader decline across major digital assets. Technical Outlook Points to Neutral-to-Bearish Momentum According to data from the daily LINK/USDT chart, price action shows a Break of Structure (BOS) below the $16 handle earlier this week, followed by a rejection from the supply…
Author: Blockto Team
JPX explores tighter rules for crypto-focused companies as Metaplanet defends its governance practices Japan’s DAT Boom Faces Regulatory Pushback Japan’s top stock exchange operator, the Japan Exchange Group (JPX), is reportedly considering stricter oversight of companies that pivot their business models toward holding Bitcoin and other cryptocurrencies. The move comes in response to steep losses suffered by digital-asset treasury (DAT) firms, which have attracted retail investors seeking crypto exposure through traditional equities. According to sources cited by Bloomberg, JPX is exploring new audit requirements and tougher backdoor-listing assessments aimed at firms that shift their focus to large-scale crypto accumulation. If…
Attack highlights growing risks in decentralized derivatives markets as traders exploit low liquidity conditions POPCAT Price Crash Triggers Major Losses for Hyperliquid The decentralized derivatives exchange Hyperliquid has reportedly incurred a $4.9 million loss following a price manipulation attack involving the POPCAT token, according to on-chain analysis. The incident underscores ongoing vulnerabilities in decentralized trading platforms, where thin liquidity and leveraged positions can amplify the effects of targeted market moves. Blockchain data suggests that the attacker deployed a sophisticated strategy, using $3 million in USDC withdrawn from OKX and spreading it across 19 wallets to build a leveraged long position…
Ethereum co-founder warns that convenience-driven centralization threatens crypto’s core principles A Call to Preserve the Heart of Crypto Ethereum co-founder Vitalik Buterin, alongside Ethereum Foundation researchers Yoav Weiss and Marissa Posner, has released a document titled the “Trustless Manifesto.” The statement, published Wednesday, serves as a rallying cry for developers to prioritize decentralization and censorship resistance over convenience and rapid adoption. The manifesto argues that each centralized shortcut — from hosted nodes to custodial relayers — weakens the foundation of crypto’s trustless design. “Trustlessness is not a feature to add after the fact. It is the thing itself,” the authors…
ETF filing sparks brief rally in Mog Coin as speculative crypto products gain traction with U.S. regulators Canary Capital Pushes MOG into the Spotlight In a surprising move, Canary Capital has filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking the performance of Mog Coin (MOG) — a niche memecoin inspired by the “Mog” internet meme. The announcement briefly lifted MOG’s market value and drew attention to the growing wave of crypto-linked ETFs entering the U.S. market. According to Canary’s regulatory filing on Wednesday, the fund will hold MOG directly and may allocate…
Market Consolidation Follows Sudden Volume Spike Stellar’s native token XLM hovered near $0.29 in Thursday’s trading, showing little direction after a volatile session that saw a brief breakdown of key support levels. The token traded within a narrow corridor between $0.2810 and $0.2950, suggesting that traders remain cautious amid conflicting technical signals and broader market hesitation. Technical Picture Shows Cautious Optimism Price data from the daily chart indicates that XLM has been consolidating above a major demand zone near $0.27, following an earlier decline from the $0.35 resistance area. The recent formation of a Break of Structure (BOS) and multiple…
Trump signs funding bill restoring operations, paving the way for progress on crypto policy and ETF approvals Longest Shutdown in History Comes to a Close After a record 43-day government shutdown, U.S. President Donald Trump has signed a funding bill to restore federal operations, ending the deadlock that had paralyzed multiple agencies. The bill, passed by the Senate earlier in the week and approved by the House of Representatives on Wednesday, provides funding until January 30, allowing both parties to continue negotiating a broader fiscal agreement for 2026. Healthcare spending was a key point of contention, with Democrats seeking expanded…
Hedera Hashgraph’s native token HBAR slipped 0.6% to trade near $0.179 in Thursday’s session, reflecting an indecisive market tone as buyers and sellers battle for short-term control. The decline came after the token briefly held above a key intraday support near $0.185, only to break lower in the final trading hour. According to recent 4-hour trading data, HBAR has struggled to maintain upward momentum since failing to clear resistance at $0.205, a zone marked by repeated Break of Structure (BOS) and Change of Character (CHoCH) formations. Analysts note that this technical pattern suggests a temporary loss of bullish strength, though…
Rising Bitcoin prices and increased hashrate drive massive growth in mining demand Bitcoin Price Rally Powers BitFuFu’s Growth Singapore-based Bitcoin mining company BitFuFu has reported a 100% increase in revenue for the third quarter compared to the same period last year. The growth was driven by soaring Bitcoin prices, heightened cloud mining demand, and a surge in equipment sales as miners raced to capitalize on rising market momentum. According to the company’s Q3 earnings report, total revenue reached $180.7 million, up from $90 million a year earlier. The firm’s cloud mining division alone generated $122 million, highlighting the growing appeal…
Despite muted market performance heading into late 2025, Bitwise’s Matt Hougan believes 2026 will mark the next major crypto bull run. Bitwise Chief Investment Officer Matt Hougan told during The Bridge Conference in New York City that he’s now “more confident than ever” that 2026 will be crypto’s breakout year, especially since the current cycle has not followed the traditional end-of-year rally pattern. According to Hougan, a strong rally in late 2025 would have aligned with the historical four-year cycle, suggesting a possible market top and subsequent correction. Instead, the absence of such a rally indicates that the next leg…