Bullish momentum returns as traders eye breakout above $200 resistance Solana (SOL) recorded a strong rebound on Thursday, climbing over 5% to trade near $191, as buyers defended a critical support zone and renewed optimism about the asset’s short-term trend. The daily price chart shows SOL bouncing decisively from its mid-range support between $175 and $185, an area that has previously acted as a key accumulation zone for traders. According to market data, buying pressure intensified following a brief correction earlier in the week, signaling renewed confidence among investors. Technical analysts note that Solana’s ability to stay above this support…
Author: Blockto Team
Institutional apathy and persistent ETF outflows could undermine Bitcoin’s momentum, pushing the asset into a prolonged consolidation phase. Bitcoin’s price stability is under pressure as U.S.-based spot Bitcoin ETFs continue to record substantial outflows following the recent crypto market downturn. Analysts from Bitfinex caution that a sustained lack of institutional buying could erode confidence and push Bitcoin below a critical $107,000–$108,000 support zone. ETF Outflows Intensify Pressure on Bitcoin Support In a report published Tuesday, Bitfinex analysts highlighted that “the lack of institutional accumulation has made the $107,000 to $108,000 zone increasingly difficult to defend as support.” The warning comes…
The presidential move clears the path for CZ’s possible return to Binance leadership In a dramatic turn of events for the crypto industry, U.S. President Donald Trump has officially pardoned Changpeng “CZ” Zhao, the founder and former chief executive of Binance, according to reports from people familiar with the matter. The presidential pardon, reportedly signed on Wednesday, effectively clears Zhao’s criminal record stemming from his 2023 conviction for violating the Bank Secrecy Act and failing to implement sufficient Anti-Money Laundering (AML) controls at Binance. Although no official announcement has yet appeared on the White House website or in the Federal…
Quantum-ready protection and upgraded user experience lead the latest innovations from the industry’s top wallet makers Two of the world’s most trusted crypto hardware wallet makers — Ledger and Trezor — have launched their next-generation devices for 2025, offering advanced security, improved usability, and preparation for the post-quantum computing era. Paris-based Ledger introduced its Ledger Nano Gen5, while Prague-based Trezor unveiled the Trezor Safe 7, reflecting how the competition for secure self-custody solutions continues to evolve as the digital asset industry matures. Ledger drops “hardware wallet” label, unveils Nano Gen5 signer In a significant branding shift, Ledger has moved away…
Analyst sees renewed growth potential with major U.S. orders, rising self-mining footprint, and gas-to-compute expansion Canaan Inc. (NASDAQ: CAN), one of the leading global manufacturers of Bitcoin mining equipment, is showing signs of a strong rebound. According to a new research note from Benchmark, the company’s “accelerating turnaround story” is driven by growing demand for its Avalon A15 mining rigs, an expanding self-mining operation, and new strategic initiatives linking energy and computing infrastructure. Benchmark analyst Mark Palmer reaffirmed a “Buy” rating on the stock and raised his price target to $4, more than double Canaan’s current share price of around…
Venture capital giant pivots focus to emerging AI and defense industries amid changing market dynamics Andreessen Horowitz (a16z), one of Silicon Valley’s most prominent venture capital firms, is reportedly preparing to raise around $10 billion for a series of new funds aimed at artificial intelligence and defense technology, marking a significant strategic shift away from its once-flagship focus on crypto investments. According to industry reports, the firm plans to allocate $6 billion for late-stage investments, $1.5 billion each for AI applications and AI infrastructure, and over $1 billion for a new defense and manufacturing fund. No dedicated crypto fund is…
Turkey has become the largest crypto market in the Middle East and North Africa (MENA) region, processing nearly $200 billion in annual crypto transactions, according to a new Chainalysis report. However, the blockchain analytics firm warns that this rapid growth is fueled primarily by speculative trading, not by long-term or practical adoption. Turkey Dominates MENA’s Crypto Landscape Chainalysis data shows that Turkey’s $200 billion in crypto volume far exceeds the $53 billion recorded in the United Arab Emirates (UAE) — the region’s second-largest market. Combined, other major players like Egypt, Jordan, Saudi Arabia, Morocco, and Israel still trail behind Turkey’s…
Fintech giant Revolut has obtained a Markets in Crypto-Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), officially allowing it to offer regulated crypto services across all 30 markets in the European Economic Area (EEA). Revolut Expands Under EU MiCA Framework The approval marks a major milestone for Revolut’s crypto ambitions, giving it the regulatory clarity needed to operate under the EU’s new MiCA regime. “This authorisation enables us to deliver groundbreaking crypto products with enhanced transparency and trust for our growing customer base,” said Costas Michael, CEO of Revolut Digital Assets Europe. With over 65 million customers…
October 23, 2025 — The European Union has adopted its 19th sanctions package against Russia, introducing sweeping new restrictions targeting cryptocurrency platforms and the A7A5 ruble-backed stablecoin amid growing concerns that Moscow is using digital assets to evade financial sanctions. Announced Thursday, the measures ban Russia-based crypto payment providers and prohibit the distribution of related payment software across the EU. The sanctions also expand to include Russian energy companies, banks, and intermediaries in China, Kyrgyzstan, Tajikistan, Hong Kong, and the UAE, which the EU accuses of assisting Moscow in circumventing existing restrictions. The A7A5 ruble-backed stablecoin was identified by EU…
Talks between Senate Democrats and top cryptocurrency executives grew heated on Wednesday as both sides debated the future of U.S. digital asset regulation. The closed-door meeting centered on a proposed comprehensive crypto market structure bill, which has sparked intense controversy since a draft leak earlier this month. The six-page proposal, driven by Senate Democrats, seeks to define when entities “exercise control or sufficient influence” in decentralized finance (DeFi) — a move critics say could effectively ban DeFi protocols. Lawmakers, however, insist their aim is to curb illicit finance and enhance consumer protection. “I’m really f*cking pissed about what happened last…