DOGE falls below a key short-term floor, testing bulls’ resolve near the $0.18 level amid renewed selling pressure. Dogecoin (DOGE) fell 5.5% in the last 24 hours, breaking below the critical $0.1940 support zone as selling pressure intensified. The move came alongside a sharp rise in trading volume, indicating a potential shift in market sentiment as traders reassess risk ahead of November’s key macro data releases. DOGE is now hovering around $0.1847, marking its lowest daily close in over three weeks. The chart shows the price dipping below the green demand band, which has historically served as a reliable rebound…
Author: Blockto Team
As the next wave of cryptocurrency exchange-traded funds (ETFs) takes shape, analysts predict institutional investors will soon expand beyond Bitcoin and Ethereum into regulated altcoin markets. Institutional Demand Shifts Toward Altcoins After the success of Bitcoin and Ether ETFs, several U.S. asset managers have now filed for altcoin-based ETFs, signaling what experts describe as the beginning of a broader institutional adoption cycle. According to Leon Waidmann, head of research at Onchain, the progression is a natural evolution of the crypto investment landscape.“Altcoin ETF inflows are the inevitable next step after Bitcoin and Ethereum ETFs proved institutional demand,” Waidmann said. “This…
British neobank Revolut has made crypto-fiat conversion frictionless by introducing 1:1 USD-to-stablecoin swaps, removing all spreads, fees, and conversion costs for users. Revolut Simplifies Stablecoin Conversion With Zero Fees In a major push toward mainstream crypto adoption, Revolut unveiled its 1:1 Stablecoins feature, enabling users to convert USD to USDC or USDT at a perfect parity rate. “Today marks the day we remove all anxiety and friction of moving between fiat and crypto,” said Leonid Bashlykov, Revolut’s head of crypto product, in a LinkedIn announcement. “$1.00 means $1.00.” The update applies across six blockchains, including Ethereum, Solana, and Tron, and…
Bitwise CIO Matt Hougan believes Solana’s dual exposure to the expanding stablecoin and tokenization markets positions it for significant upside compared to its competitors, including Ethereum. Solana Positioned for Explosive Growth in Stablecoin and Tokenization Markets Bitwise Chief Investment Officer Matt Hougan shared his bullish stance on Solana (SOL) this week, arguing that the blockchain offers investors “two ways to win.” “Solana is a bet that the stablecoin and tokenization infrastructure markets will grow — and that it will win an increasing share of that market,” Hougan said in a post on X. “Both seem like good bets to me.”…
LINK price weakens 8% amid broader market sell-off, even as on-chain data shows increased network activity and a major token repurchase by Chainlink Labs. Chainlink’s native token (LINK) has dropped below a key support zone near $17, marking an 8% daily decline as selling pressure intensified across the crypto market. The fall comes despite the largest token buyback since August, signaling that macro headwinds and risk aversion are overshadowing otherwise positive on-chain developments. On the technical front, LINK is trading around $17.11, slipping beneath the orange demand zone, which previously acted as a strong base for accumulation. The chart reveals…
Coinbase strengthened its Bitcoin position and reported another profitable quarter, signaling robust growth as it advances toward its ambitious “Everything Exchange” model. Coinbase Bitcoin Holdings Surge Amid Record Quarterly Earnings Coinbase added 2,772 BTC in Q3, bringing its total Bitcoin holdings to 14,548 BTC, valued at $1.57 billion. The company’s net income jumped to $432.6 million, more than five times higher than the same quarter last year, while total revenue climbed to $1.9 billion, marking a 55% year-over-year increase. Transaction revenue reached $1.05 billion, while subscription and services income, including stablecoin yields and blockchain rewards, grew by 34.3% to $746.7…
Shares of Bitcoin-treasury giant Strategy jumped in after-hours trading after the company posted strong third-quarter earnings, signaling continued investor confidence in its long-term Bitcoin strategy despite recent market volatility. Bitcoin-Backed Firm Beats Analyst Expectations Strategy reported a net income of $2.8 billion for the third quarter ending Sept. 30, surpassing Wall Street’s expectations of $8.15 per share with diluted earnings per share of $8.42. Although income fell from its record $10 billion in Q2, it marked a major turnaround from the $340.2 million loss the firm posted a year earlier. Following the report, Strategy’s shares (MSTR) rose 5.7% in after-hours…
The global crypto market continues to struggle as macroeconomic pressures and mixed policy signals from the United States weigh heavily on investor sentiment, even amid signs of easing trade tensions between Washington and Beijing. Rate Cuts Fail to Lift Crypto Prices Despite the Federal Reserve’s 25 basis point rate cut, digital asset prices remain under pressure. The latest Federal Open Market Committee (FOMC) meeting offered no clear signal about future monetary policy, with Chair Jerome Powell warning that officials hold “strongly differing views” about another potential cut in December. Powell emphasized that while inflation has fallen from mid-2022 highs, it…
Retail investors have flooded into this week’s trio of high-profile crypto token sales, pouring more than $1.4 billion into MegaETH, zkPass, and Momentum — all of which became massively oversubscribed within hours of launch. MegaETH Raises $1.3 Billion, Oversubscribed 27x Ethereum Layer-2 project MegaETH led the frenzy, closing its token auction Thursday with over $1.3 billion committed, despite setting a fundraising cap just shy of $50 million.The sale offered 5% of MEGA’s 10 billion token supply and was 27.8 times oversubscribed, according to auction data. MegaETH will now use a “special allocation mechanism” to distribute tokens, taking into account participants’…
Brian Armstrong’s spontaneous crypto shoutout triggers mass wins on Kalshi and Polymarket bets Coinbase’s third-quarter earnings call ended on an unexpected note when CEO Brian Armstrong rattled off a string of crypto buzzwords — instantly resolving multiple prediction markets in favor of lucky traders. As the call wrapped up, Armstrong suddenly said, “I just want to add here — Bitcoin, Ethereum, blockchain, staking, and Web3 — make sure we get those in before the end of the call.” That off-the-cuff moment wasn’t just quirky — it had financial consequences. Two active prediction markets on Kalshi and Polymarket had been running…