Crypto market volatility fails to shake bullish conviction from leading analysts Despite recent turbulence in the cryptocurrency market, BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes are doubling down on their bold prediction that Ether (ETH) will reach $10,000 before the end of the year. Speaking on the Bankless podcast, both industry veterans reiterated their confidence in Ethereum’s growth trajectory, even as the token continues to consolidate below $4,200. “For Ethereum, somewhere between $10,000 and $12,000 — that’s my range,” Lee said, adding that such a move would not mark a speculative peak but rather a “price discovery at…
Author: Blockto Team
World’s largest asset manager sees blockchain-based tokenization as the next frontier for finance BlackRock CEO Larry Fink believes the future of global finance lies in asset tokenization, calling it the “next wave of opportunity” that will reshape how people invest and interact with markets. In a recent interview with CNBC, Fink said the company envisions a future where traditional financial assets are fully digitized, allowing investors to move seamlessly between crypto and mainstream investment products. “If we can tokenize an ETF and digitize it, we can help new investors transition into long-term retirement products within the same digital ecosystem,” Fink…
Rising VIX Reflects Renewed Investor Anxiety Across Global Markets The Volatility Index (VIX), often referred to as the market’s “fear gauge,” climbed sharply at today’s open, signaling a resurgence of investor uncertainty. The index surged more than 13% intraday to 21.60, marking one of its strongest moves in recent weeks. The uptick in volatility has coincided with a broad sell-off in major cryptocurrencies, including Bitcoin’s retreat from its recent all-time high. The VIX’s rise reflects growing nervousness in both equity and digital asset markets. Historically, a spike in the VIX above 20 suggests heightened risk aversion, with traders hedging against…
Largest Bitcoin confiscation in US history linked to global crypto scam network The United States government’s Bitcoin holdings have soared to over $36 billion, following a record-breaking Department of Justice (DOJ) forfeiture of nearly 127,271 BTC, valued at roughly $14 billion. The U.S. Attorney’s Office for the Eastern District of New York, alongside the DOJ’s National Security Division, announced the forfeiture on Tuesday — calling it the largest crypto seizure in the Department’s history. “The rapid rise of transnational fraud has cost American citizens billions of dollars, with life savings wiped out in minutes,” said Treasury Secretary Scott Bessent, vowing…
Bearish Momentum Extends as Key Support Zone Comes Under Test Internet Computer (ICP) fell sharply over the last 24 hours, losing nearly 7% of its market value as broader crypto sentiment turned cautious following a volatile start to the week. The digital asset, which traded near $3.47, has now slipped toward a critical multi-month demand zone, reflecting mounting selling pressure and investor hesitancy. The sharp downturn came after a brief recovery attempt that failed to gain traction above the $4.20 resistance zone, as highlighted on daily charts. The descending channel pattern visible since mid-2024 remains intact, signaling persistent downward momentum…
Crypto markets rebound sharply amid dovish tone from Fed Chair Bitcoin (BTC) and Ethereum (ETH) surged in early trading hours on Monday after U.S. Federal Reserve Chair Jerome Powell signaled a potential pause in rate hikes, fueling a wave of optimism across digital assets. The market’s response was immediate, with Bitcoin reclaiming the $113,000 mark and Ethereum rising back above $4,150, reversing much of last week’s losses. Bitcoin’s rebound followed a clear break from its mid-channel support, highlighted around the $107,000–$108,000 region. The chart shows a descending parallel channel, with the lower band now acting as a springboard for bullish…
Tesla chief links Bitcoin’s foundation to energy, reviving talk of his return to crypto discussions After years of relative silence on Bitcoin, Elon Musk has reignited speculation about his renewed interest in the cryptocurrency. In an early-morning post on X (formerly Twitter), the Tesla and SpaceX CEO echoed one of Bitcoin’s oldest principles — its direct tie to real-world energy. Responding to a market commentary about rising gold, silver, and Bitcoin prices, Musk wrote: “That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible…
Network surpasses 500 million transactions, ranks second only to Solana amid strong token recovery BNB Chain has seen a historic spike in user activity, reaching new highs in both transactions and active addresses, according to data from analytics platform Nansen. In the past 30 days, the network recorded over 500 million successful transactions, marking a 151% surge compared to the previous month. This milestone cements BNB Chain’s position as the second-most active blockchain, behind only Solana, which registered around 1.8 billion transactions during the same period. On Monday, daily sender-only active addresses — wallets that initiated at least one transaction…
Experts suggest the record crypto liquidation was a natural reset, though traders accuse market makers of deepening the sell-off The record $19 billion crypto market liquidation that shocked traders on Friday may not have been a chaotic collapse after all. According to on-chain analysts, most of the move represented a controlled deleveraging cycle — not a cascading liquidation. Data from DefiLlama shows that open interest in perpetual futures on decentralized exchanges fell from $26 billion to below $14 billion, marking one of the sharpest resets in recent crypto history. Lending activity also slumped, with total borrowed capital dropping below $60…
FCA unveils roadmap to boost blockchain adoption and digital fund innovation The United Kingdom’s Financial Conduct Authority (FCA) has taken a major step toward integrating blockchain technology into traditional finance, unveiling a roadmap that allows asset managers to adopt fund tokenization under existing rules. In a statement released Tuesday, the FCA said the initiative aims to “provide firms with additional clarity” and “drive innovation and growth” in asset management. The regulator believes tokenization could reduce costs, increase competition, and broaden investment access, particularly in private markets and infrastructure. Blueprint for Tokenized Funds The FCA’s roadmap includes new operational guidance for…