Market Holds Above $112K as Traders Watch Key Resistance Levels and Federal Reserve Outlook Bitcoin (BTC) traded near $113,000 on Wednesday, consolidating after a brief rally toward $116,000 faded, as investors awaited the Federal Open Market Committee (FOMC) decision later today. Despite the short-term pullback, analysts say the move looks like a standard pre-FOMC dip, not a breakdown, and that clearing $120,000 could pave the way toward $143,000 in the coming weeks. Bitcoin Price Range and Support Zones The cryptocurrency found buying interest around $112,500, where traders stepped in after sellers capped gains near $116,000. On-chain data shows a strong…
Author: Blockto Team
ASIC’s Updated Framework Brings Clarity to Crypto Classification but Raises Industry Resource Questions Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), has released updated guidance for digital asset businesses, marking a major step toward structured crypto regulation in the country. While the move has been welcomed by the local blockchain industry, experts warn that licensing bottlenecks and limited regulatory capacity could delay implementation. ASIC’s revised Info Sheet 225, published on Wednesday, requires crypto companies whose products fall under the financial services category to register with the Australian Financial Complaints Authority and apply for an Australian Financial Services License…
Altcoin ETFs Make Strong Wall Street Debut Amid Growing Institutional Interest Three new cryptocurrency exchange-traded funds (ETFs) made a high-impact debut on Wall Street, collectively generating $65 million in first-day trading volume and signaling the growing appetite for altcoin exposure among institutional investors. The lineup includes Canary Capital’s Litecoin ETF (LTCC) and Hedera ETF (HBR) — the first U.S. spot ETFs for their respective assets — and Bitwise’s Solana Staking ETF (BSOL), which offers 100% staked exposure to Solana (SOL). According to Bloomberg ETF analyst Eric Balchunas, BSOL alone accounted for $56 million of the total, marking the largest ETF…
Visa Deepens Crypto Push with Multi-Chain Stablecoin Support Global payments leader Visa is set to expand its stablecoin ecosystem by adding support for four new stablecoins on four unique blockchains, as part of a sweeping plan to integrate blockchain-based payments into its global infrastructure. Speaking during Visa’s fourth-quarter earnings call, CEO Ryan McInerney confirmed that the company will broaden its stablecoin and crypto settlement network, allowing banks to mint and burn stablecoins directly via the Visa Tokenized Asset Platform. “We are adding support for four stablecoins running on four unique blockchains, representing two currencies that we can accept and convert…
Western Union Enters Blockchain Era with USDPT Stablecoin Western Union has officially chosen the Solana blockchain to power its upcoming Digital Asset Network and USDPT stablecoin, marking a major milestone in the company’s transition toward blockchain-based remittances. The financial giant revealed during its Q3 earnings call that the USDPT stablecoin system will launch in the first half of 2026, providing access through partner exchanges to increase global usability — a model similar to PayPal’s PYUSD, which is already listed on major exchanges like Binance. “After evaluating multiple alternatives, we concluded that Solana is the right choice for building an institutional-ready…
After holding steady for weeks, Sui’s price slipped beneath crucial support at $2.60 amid a sharp increase in trading activity, signaling heightened volatility and potential market repositioning. Sui (SUI) faced a sharp 3.4% decline, dropping below its $2.60 support level in a move that caught traders off guard. The breakdown occurred alongside a 180% spike in trading volume, with more than 2.7 million tokens exchanged within a single minute, indicating intense market activity. This sudden shift has pushed Sui into a critical technical zone as investors assess whether the decline marks a short-term correction or a deeper retracement. Technical Analysis…
Kaia DLT Foundation Urges Equal Rules for Stablecoin Issuers South Korea’s bank-first stablecoin strategy is facing criticism from industry leaders, as Dr. Sangmin Seo, Chair of the Kaia DLT Foundation, called the Bank of Korea’s (BOK) approach “lacking in logical foundation.” The central bank recently suggested that only regulated banks should be allowed to issue won-backed stablecoins, citing stricter capital, AML, and foreign exchange rules as safeguards against systemic risks. However, Dr. Seo argues this excludes innovation and creates an uneven playing field in South Korea’s rapidly evolving digital asset market. “It would be even more valuable if the Bank…
Nasdaq-Listed SharpLink Taps Linea and EigenCloud for Institutional DeFi Expansion SharpLink Gaming, a Nasdaq-listed tech and iGaming company, has unveiled plans to deploy $200 million worth of Ether (ETH) on Consensys’ Linea network — marking one of the largest corporate decentralized finance (DeFi) allocations to date. According to the company’s Tuesday announcement, the initiative will utilize Linea’s zkEVM layer-2 scaling infrastructure to generate onchain yields from staking and restaking strategies through ether.fi and EigenCloud. The move aims to enhance capital efficiency while unlocking risk-adjusted ETH-denominated returns. “We’re strategically leveraging Linea’s next-generation DeFi infrastructure to make our treasury work harder,” a…
Over 73,000 Norwegians Declare $4 Billion in Crypto for 2024 Tax Year The Norwegian Tax Administration reported a significant 30% increase in cryptocurrency declarations for the 2024 tax year, signaling growing transparency and mainstream adoption of digital assets in the Nordic nation. In an official statement released Tuesday, authorities confirmed that more than 73,000 Norwegians disclosed owning some form of cryptocurrency — up from roughly 56,000 the previous year. These taxpayers collectively reported over $4 billion in crypto holdings, including $550 million in capital gains and $290 million in losses. “It is gratifying that more people are reporting that they…
Bitwise’s Solana ETF Leads Market With Strong Institutional Interest Bitwise Asset Management’s Solana Staking ETF (BSOL) made a powerful market entry on Tuesday, recording $55.4 million in trading volume on its first day — the highest debut for any crypto ETF in 2025. The launch coincided with Canary Capital’s Hedera (HBR) and Litecoin (LTCC) ETFs, which saw more modest trading volumes of $8 million and $1 million, respectively. According to Bloomberg ETF analyst Eric Balchunas, BSOL’s debut performance beat pre-launch projections of $52 million, underscoring growing investor confidence in staking-based crypto exposure. Prior to launch, BSOL had already attracted $223…