Historic shutdown nearing end as crypto industry anticipates policy momentum to resume Longest US Government Shutdown Poised to End After weeks of political gridlock, the longest U.S. government shutdown in history appears to be nearing an end. On Wednesday, the House of Representatives voted to pass a contentious funding bill, sending it to President Donald Trump’s desk for final approval. With 222 votes in favor and 209 against, the bill passed narrowly after intense debate between Democratic and Republican lawmakers. According to reports, Trump is expected to sign the measure Wednesday night during a private dinner with business leaders, officially…
Author: Blockto Team
Market pullback signals renewed selling pressure as traders eye critical support at $0.00001200 BONK Technical Analysis: Resistance Rejection Triggers Correction BONK (BONK/USDT) slipped 5% to $0.00001223 after facing a sharp rejection near the key resistance zone at $0.0000130, signaling renewed bearish sentiment in the meme coin’s short-term structure. According to TradingView data, the pullback was accompanied by a notable 50% surge in trading volume, suggesting aggressive profit-taking among traders after a brief recovery attempt. The daily chart shows BONK struggling to sustain momentum above the mid-range consolidation zone. The asset has been repeatedly rejected from the supply area between $0.0000128…
Fear dominates the crypto market — but analysts say this could be the perfect setup for a surprise rebound. Extreme Fear Grips the Market The crypto market is currently experiencing one of its most fearful moods of 2025. According to Santiment, a leading blockchain analytics firm, this negative sentiment may paradoxically set the stage for an “unexpected rally” later this month. The Crypto Fear & Greed Index — a widely tracked sentiment gauge — has plunged to 15 out of 100, signaling “extreme fear” among traders. It’s the lowest score since February and reflects a broad sell-off across the digital…
Institutions now view blockchain-based tokenization as a standalone innovation, signaling a maturing crypto ecosystem. Institutional Interest in Tokenization Grows Beyond Bitcoin Price Institutional demand for tokenization — the process of representing real-world assets such as bonds or commodities on blockchain networks — is now independent of Bitcoin’s market cycles, according to Thomas Cowan, head of tokenization at Galaxy. Speaking at The Bridge Conference in New York, Cowan explained that previous crypto bull runs often fueled temporary enthusiasm for blockchain applications, which faded when markets cooled. However, this time, the momentum appears structural and sustained. Blockchain’s Utility Becomes Clear to Institutions…
Solana (SOL) faces renewed selling pressure after breaking key support near $156, even as the token recorded over $336 million in ETF inflows last week, highlighting investor uncertainty amid market volatility. Solana’s price declined by 4.9% to $153.49 on Tuesday, extending a multi-day pullback despite strong institutional inflows. Market data shows that investors poured $336 million into Solana-linked exchange-traded funds over the past week, signaling continued demand. However, technical weakness and token unlocks have sparked renewed short-term bearish momentum, pulling the price toward the $152.80 demand zone. The technical setup on Solana’s daily chart shows a break of structure (BOS)…
The stablecoin giant posts record revenue and income while exploring new blockchain expansion. USDC Supply Doubles as Circle’s Profit Soars Circle, the issuer behind the USD Coin (USDC) stablecoin, announced strong third-quarter results that underline its growing dominance in the digital payments sector. The company revealed that USDC circulation rose 108% year over year, reaching $73.7 billion, while total revenue and reserve income climbed to $740 million, up 66% from the same quarter last year. Meanwhile, net income jumped 202% to $214 million, signaling a significant boost in profitability as institutional adoption of stablecoins continues to accelerate. Circle Explores a…
After weeks of volatility, Bitcoin (BTC) faces renewed selling pressure, dropping to around $101,000 as traders eye crucial support zones that could determine the next market trend. Bitcoin prices retreated sharply this week, sliding to $101,535 amid a broader cooldown across the crypto market. The move marks a 1.48% intraday decline, according to real-time market data, as investors react to profit-taking and mixed macroeconomic cues. Analysts say the current correction could set the tone for Bitcoin’s short-term trajectory, with technical indicators showing a test of critical support near the $100,000 mark. The latest technical chart patterns reveal multiple breaks of…
Internet Computer (ICP) sees mild pullback as consolidation holds, signaling potential for renewed momentum. ICP Price Movement and Market Overview Internet Computer (ICP) experienced a slight decline of 0.65%, settling at $6.30, as the token navigated a consolidation phase above a critical support level. Trading volume surged 77% during a test of resistance near $6.67, reflecting growing activity among short-term traders. Market analysts note that ICP’s price has remained resilient within its current consolidation zone, suggesting that investors are carefully assessing the token’s next directional move. “The consolidation above key support indicates that ICP is stabilizing after recent volatility. Traders…
The layer-1 blockchain aims to restore investor confidence through token burns, fee restructuring, and institutional outreach. Sonic Labs transitions from performance hype to value creation Sonic Labs, the organization behind the Sonic layer-1 blockchain, has announced a strategic pivot from its previous emphasis on transaction speed to a business-first model built around financial sustainability and long-term growth. The move marks a major shift in direction for the network that once branded itself the “world’s fastest EVM chain,” achieving a 720-millisecond finality on its testnet in 2024. Now, under new leadership, CEO Mitchell Demeter said the company is refocusing on profitability,…
Digital yen issuers may help fill the Bank of Japan’s shrinking bond-buying role as stablecoin demand grows. Stablecoin reserves could reshape Japan’s debt market JPYC, Japan’s first yen-pegged stablecoin issuer, believes stablecoin reserves could soon become a major force in Japan’s $7 trillion government bond market, potentially offsetting reduced bond purchases by the Bank of Japan (BOJ). In comments reported by Reuters, Noritaka Okabe, founder and CEO of JPYC Inc., said that as the stablecoin industry expands, issuers’ reserves — typically held in safe assets like Japanese Government Bonds (JGBs) — could play a critical role in maintaining market stability.…