Fireblocks, Solana Foundation, Polygon Labs, and others unite to establish a standardized framework for blockchain-based payments, aiming to bridge the gap between digital assets and traditional finance. Seven Leading Firms Launch Blockchain Payments Consortium A coalition of seven major blockchain organizations — including Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs, and Monad Foundation — has announced the formation of the Blockchain Payments Consortium (BPC). The new group’s mission is to develop unified standards for crosschain stablecoin transfers and create a common framework that enhances blockchain transactions across global payment networks. The initiative comes after a…
Author: Blockto Team
Renewed focus on privacy technology, robust trading volumes, and the success of the Zashi wallet propel Zcash to its strongest market performance since 2018. Zcash Price Hits $600 as Privacy Coins Regain Momentum Zcash (ZEC) has surged back into the spotlight, crossing $600 for the first time since 2018 and reclaiming a position among the top 20 largest cryptocurrencies by market capitalization. The privacy-focused token has seen a year-over-year increase of over 1,270%, pushing its total market value to nearly $10 billion, according to recent market data. Daily trading volume has soared above $1.8 billion, with liquidity strengthening across major…
Despite deleveraging across decentralized finance, borrowing demand for major tokens like Bitcoin and Solana remains strong as yields tighten across lending platforms. DeFi Lenders Balance Risk After Market Shock Digital-asset market maker Flowdesk says the crypto credit sector is finding a fragile equilibrium following recent market turbulence. After Stream Finance disclosed a $93 million default during a broader $20 billion market crash, decentralized finance (DeFi) lenders have begun unwinding risk but not retreating entirely from the market. According to Flowdesk’s latest market note, borrowing demand for large-cap tokens such as SOL, BTC, APT, ENA, and XLM remains robust, largely fueled…
Tesla’s historic shareholder approval fuels a new wave of memecoin mania, as traders rush to capitalize on the billionaire’s record-breaking compensation deal. Elon Musk’s $1 Trillion Pay Sparks Crypto Craze A $1 trillion pay package approved for Elon Musk by Tesla shareholders has sent shockwaves beyond Wall Street — into the heart of the crypto market. Within hours of the vote, decentralized exchanges across Solana, Ethereum, and BNB Chain saw the sudden emergence of multiple new memecoins inspired by Musk’s latest milestone. Tokens branded as “TRILLIONS,” “Elon’s $1,” and “MUSK” quickly gained traction on Friday, with some pairs on Solana…
The Layer-1 blockchain token faces heavy selling pressure but technical indicators suggest a potential rebound as a double-bottom formation emerges near the $1.90 zone. SUI Price Dips Below $2.00 Amid Surging Volume SUI (SUI/USDT) slipped below the critical $2.00 support level on Thursday, triggering a wave of volatility across exchanges. Despite the decline, the token has shown signs of a potential rebound as traders point to a double-bottom structure forming on the daily chart. At the time of writing, SUI traded around $2.007, marking a 2.5% intraday drop and extending its monthly loss to over 52%, according to TradingView data.…
Technical rebound hints at short-term recovery as buyers defend key demand zone near $0.1650. Hedera’s native token, HBAR, slipped 2.6% to trade around $0.1691 during the latest session, briefly testing its near-term support area amid a surge in trading volume. The market reaction followed an active session in which sellers attempted to push the asset below its key floor at $0.1650, but buyers quickly stepped in, forming a double-bottom structure that hints at possible near-term stabilization. Technical Overview and Market ContextPrice action on the 4-hour chart shows HBAR defending a critical support zone between $0.163 and $0.167, where previous demand…
While Ether sentiment flips bullish, Santiment warns that excessive optimism could signal a near-term correction as wider crypto markets remain in “Extreme Fear.” Ethereum Sentiment Surges Amid Market Downturn Ethereum (ETH) traders are showing renewed optimism after the token’s recent rebound toward $3,500, even as broader market sentiment remains deeply negative, according to on-chain analytics firm Santiment. In an X post on Thursday, Santiment reported that bullish comments about Ether now outnumber bearish ones by 2.7 to 1, marking the most positive sentiment shift since July 2024. At the time of writing, ETH traded around $3,323, having fluctuated between $3,251…
Following Stream Finance’s massive $93 million loss, DeFi protocol Elixir announced it will sunset its synthetic stablecoin, deUSD, which has plunged to just 1.5 cents. Elixir Winds Down deUSD Amid Ripple Effects from Stream Collapse Decentralized liquidity provider Elixir has officially decided to sunset its deUSD synthetic stablecoin, citing severe contagion from Stream Finance’s $93 million loss earlier this week. In an announcement on X (formerly Twitter) on Thursday, Elixir confirmed that it had already processed redemptions for 80% of deUSD holders, but the move caused the token’s value to collapse from $1 to just $0.015, according to CoinGecko data.…
Analysts at JPMorgan predict “significant upside” for Bitcoin, arguing the cryptocurrency is trading below its fair value when adjusted for volatility relative to gold. In a recent report, analysts from JPMorgan Chase said Bitcoin (BTC) appears undervalued compared to gold, suggesting the digital asset’s fair value could reach around $170,000 — a roughly 67% upside from current market levels. The report, published Wednesday, argues that Bitcoin’s risk-adjusted market cap remains disproportionately low relative to gold, even as the latter has rallied to new all-time highs. Gold Volatility Makes Bitcoin More Attractive Gold’s surge to record highs in October also brought…
Technical rejection at $0.2815 highlights persistent bearish sentiment despite earlier recovery attempts. Stellar (XLM) came under renewed selling pressure in Thursday’s trading session, sliding 2.2% after failing to sustain momentum above the $0.2815 resistance level. The decline came amid a notable spike in trading volume, signaling active distribution as short-term traders locked in profits from recent gains. Following a mild rebound earlier in the week, XLM reversed lower from its immediate resistance zone, reinforcing the view that buyers continue to face strong opposition near the $0.28–$0.30 range. Technical data indicates that this region has acted as a supply barrier, capping…