DOGE shows early signs of recovery as price holds near key support zones The cryptocurrency market extended its recovery rally on Monday, and Dogecoin (DOGE) joined the uptrend, gaining over 3% in the past 24 hours. The move comes as broader market sentiment improves following strong macroeconomic data from Asia and a resurgence in major digital assets like Bitcoin and Ethereum. At the time of writing, DOGE/USDT trades near $0.20, stabilizing after a volatile week that saw prices briefly test the $0.17 support zone. According to the daily chart, Dogecoin has formed a strong base between $0.17 and $0.19, highlighted…
Author: Blockto Team
Funds laundered through Tron bridges and OTC venues linked to illicit networks, highlighting ongoing crypto security flaws A U.S. crypto investor has reportedly lost over $3 million worth of XRP after their Ellipal wallet was compromised in a sophisticated cross-chain theft, according to findings from blockchain investigator ZachXBT. The attackers drained roughly 1.26 million XRP, moving the tokens through multiple cross-chain bridges and eventually routing them to over-the-counter (OTC) venues associated with Huione, an organization accused of facilitating global money laundering and scam operations in Southeast Asia. In a detailed on-chain analysis shared on Oct. 19, ZachXBT traced over 120…
Missing historical data raises questions about DeFi reporting accuracy and reliability In a move that caught many in the decentralized finance (DeFi) community by surprise, DefiLlama quietly reinstated Aster, a decentralized exchange (DEX), to its analytics platform — but major gaps remain in the project’s historical data, reigniting debates around transparency in DeFi metrics. Responding to the post, DefiLlama’s pseudonymous founder “0xngmi” admitted that the team still “could not verify the numbers,” describing the data as a “black box.” However, he noted that DefiLlama is developing a new framework to better validate on-chain activity. “We’re working on a solution that…
SOL rebounds near $185 amid improving crypto sentiment and technical support confirmation Solana (SOL) climbed nearly 4% in the past 24 hours, regaining momentum after briefly testing a critical support area around $180–$185. The rebound came as broader crypto markets showed signs of recovery, supported by renewed optimism in risk assets following better-than-expected economic data from Asia. At the time of writing, SOL/USD trades near $193, extending its recovery from the week’s low and signaling renewed buyer confidence. According to the daily chart, Solana found firm support in the $180 region, a level that previously acted as a demand zone…
Experts say smarter distribution and real product value could revive the struggling airdrop model Airdrops, once considered a key tool for building crypto communities, are losing their effectiveness. Recent data reveals that nearly 88% of all airdropped tokens lose value within three months, exposing deep flaws in how projects distribute and sustain their tokens. According to a seven-year analysis of crypto airdrops, over $20 billion worth of tokens have been distributed since 2017, but most failed to maintain value, highlighting the gap between short-term hype and long-term sustainability. Experts point to poor tokenomics, weak product-market fit, and a lack of…
Institutional investors pull back amid sharp Bitcoin price swings and shifting rate expectations U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a massive $1.23 billion in outflows last week, signaling renewed caution among institutional investors as market volatility intensified. The withdrawal marks the second-largest weekly outflow since the products debuted in 2024, according to market data. Outflows accelerated late in the week, with $366.6 million withdrawn on Friday alone, erasing a portion of the strong inflows seen earlier in October when investors added $2.7 billion to Bitcoin ETFs. Analysts note the shift represents a temporary flight from risk assets following Bitcoin’s…
Regulators explore a major policy shift that could integrate crypto into Japan’s traditional banking system Japan’s top financial regulator is reportedly weighing a proposal to let domestic banks buy, sell, and hold cryptocurrencies, a move that could mark one of the country’s most significant shifts toward mainstream digital asset adoption. According to local media reports, the Financial Services Agency (FSA) plans to discuss reforms to supervisory guidelines that currently prevent banks from holding volatile digital assets. The potential update aims to establish a regulated framework enabling banks to trade crypto similar to stocks or government bonds, while ensuring strong oversight…
BNB surges 5% after technical breakout, signaling renewed bullish strength toward $1,200 Binance Coin (BNB) has surged by nearly 5% in the past 24 hours, climbing above the key $1,100 resistance level and signaling a potential continuation of its broader uptrend. The move comes as trading volumes increased sharply across major exchanges, reinforcing bullish sentiment among investors. At the time of writing, BNB/USDT trades near $1,122, marking a decisive rebound from last week’s dip toward $1,000. The breakout above $1,100 — a level that had capped price advances in recent sessions — suggests renewed market confidence following a brief period…
Improved global market sentiment and a bullish on-chain signal boost cryptocurrency prices The recovery rally in major cryptocurrencies gained traction on Monday, supported by record-breaking gains in Japanese equities and stronger-than-expected economic data from China. The shift in global sentiment, coupled with on-chain bullish indicators, signaled renewed optimism for digital assets. Bitcoin’s Realized Value to Transaction (RVT) ratio, which measures the relationship between the network’s realized capitalization and on-chain transaction value, declined notably this week — a move often seen as a precursor to major bullish phases. “Historically, strong declines in the RVTs have preceded major bull phases, as they…
The Bitcoin giant’s rapid-fire investment cycle showcases the unmatched speed of crypto capital deployment Michael Saylor, executive chairman of Strategy, says his company can convert fresh capital into Bitcoin (BTC) within an hour — a pace he claims is “a thousand times faster than anything else you’ve ever seen in your life.” Speaking on the Market Disrupters podcast, Saylor explained that corporate Bitcoin treasuries operate on a dramatically shorter investment cycle than traditional industries like real estate or energy. The statement comes as Saylor once again hinted that Strategy may be preparing for another Bitcoin purchase, following a similar teaser…