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…
Author: Blockto Team
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…
After a powerful rebound earlier this year, Ethereum now faces renewed selling pressure below $4,000, testing key support that could define its next major move. Ethereum (ETH) has dropped below the $4,000 mark, signaling a possible slowdown in bullish momentum after months of strong gains. The decline comes as traders weigh broader market uncertainty and reduced trading activity, pushing ETH toward a crucial support region near $3,900. The current pullback highlights growing caution among investors despite Ethereum’s long-term bullish structure. The daily chart shows a clear transition from a bearish trend that dominated earlier this year to a bullish breakout…
After failing to maintain momentum above $115K, Bitcoin faces renewed selling pressure, testing a critical support region that could determine the next market trend. Bitcoin (BTC) has entered a retracement phase, falling back to around $112,500 after a brief attempt to hold above $115,000. The leading cryptocurrency is now testing a crucial support zone between $111,000 and $113,000, a level that has historically acted as a strong base for bullish rebounds. Traders and analysts are closely watching whether BTC can hold this region — or if further downside pressure could trigger a deeper correction. Bitcoin Technical Analysis The daily chart…
TeraWulf Deepens AI Expansion With Google-Supported Fluidstack Partnership TeraWulf (NASDAQ: WULF), one of the largest publicly traded Bitcoin miners, is accelerating its shift toward artificial intelligence infrastructure with a new $9.5 billion joint venture alongside Fluidstack, backed by a $1.3 billion lease commitment from Google. The partnership will establish a 168-megawatt (MW) AI data center in Abernathy, Texas, designed to support high-performance computing (HPC) for frontier-scale AI models. The project pushes TeraWulf’s total contracted capacity beyond 510 MW, marking one of the most significant expansions in AI-linked data centers by a Bitcoin mining company. The news fueled a sharp 25%…
Bitcoin Approaches $115K Resistance as Technical Indicators Flash Warning Signs Bitcoin (BTC) continues to extend its recent rally, climbing above $113,000 after rebounding sharply from weekly lows near $107,800. The recovery reflects renewed buying activity and improved liquidity conditions. Yet, despite the short-term optimism, several technical indicators now point to potential exhaustion — raising the likelihood of a pullback below $110,000 in the near term. Market participants are watching closely as BTC approaches a key resistance zone between $114,500 and $115,700, an area that has historically triggered profit-taking. If Bitcoin fails to close decisively above this range, a short-term correction…
SOL price shows renewed strength after reclaiming key support, with traders eyeing a potential breakout toward the $220–$250 range amid improving market sentiment. Solana (SOL) continues to exhibit a steady recovery trend, trading near $199 after bouncing from a key support zone around $180. The recent price action signals that bullish momentum could be returning, with traders cautiously optimistic about a sustained move above $200. Technical indicators highlight solid demand at lower levels, suggesting that the $190–$195 area is emerging as a crucial short-term support base. The 4-hour SOL/USDT chart shows Solana consolidating between $190 and $200, after rebounding strongly…
Truth Social Expands Into Prediction Markets With Crypto.com Collaboration Trump Media & Technology Group (TMTG), the parent company of Truth Social, is entering the prediction markets space through a new partnership with Crypto.com, signaling a strategic move to blend social engagement with decentralized finance. The new feature, called “Truth Predict,” will allow Truth Social’s 6.3 million users to participate in prediction-based markets directly from the platform. The company said the initiative aims to “democratize information” and enable users to turn opinions into “actionable foresight.” “For too long, global elites have controlled these markets — with Truth Predict, we’re giving everyday…
Bitcoin Market Analysis: Is the Rally Near Its Peak? Bitcoin’s relentless surge above $114,000 has sparked new debate among analysts over whether the world’s largest cryptocurrency is pricing out retail investors, potentially threatening the longevity of the current bull market. According to 10x Research, Bitcoin’s rapid appreciation and diminishing returns are creating conditions that could end the extended market cycle narrative. The firm’s latest report noted that while institutional demand continues to grow, retail participation — historically a key driver of market momentum — is beginning to wane due to affordability concerns. “Bitcoin is suffering from diminishing returns,” the report…
Central Banks Shift Attention to Digital Assets Amid Gold and Dollar Concerns BlackRock CEO Larry Fink has revealed that central banks around the world are increasingly questioning how tokenization and digitization will reshape the global financial system. Speaking at the Future Investment Initiative (FII) conference in Saudi Arabia, Fink described both gold and cryptocurrency as the “assets of fear,” as investors hedge against growing uncertainty in traditional markets. “Owning crypto assets or gold are assets of fear,” Fink said during the panel discussion. “You own these assets because you’re frightened of the debasement of your wealth and the erosion of…