Trump administration insiders call CZ’s case “weak” as crypto community reacts The White House is reportedly weighing a presidential pardon for Binance co-founder Changpeng “CZ” Zhao, who pleaded guilty to a single Bank Secrecy Act (BSA) violation in 2024 and served a four-month prison sentence earlier this year. According to Charles Gasparino, a Fox Business correspondent and columnist for the New York Post, sources close to Zhao said Trump administration officials believe the case was overblown and “did not merit a felony conviction or jail time.” The move aligns with the Trump administration’s pro-crypto regulatory shift, which has included easing…
Author: Blockto Team
Massive leverage flush resets crypto markets as short sellers dominate Funding rates across crypto derivatives markets have fallen to their lowest levels since the 2022 bear market, signaling one of the most aggressive leverage resets in recent memory — and possibly setting the stage for a bullish reversal. On Sunday, onchain analytics firm Glassnode reported that funding rates — the periodic payments traders make to balance long and short positions in perpetual futures — have plunged to multi-year lows. Why low funding rates could be bullish Funding rates are a key indicator of market sentiment. When they turn extremely low…
Fast-food chain reaffirms loyalty to Bitcoin after Ethereum payment idea backfires American restaurant chain Steak ‘n Shake has swiftly backtracked on its plan to consider accepting Ether (ETH) after an online poll triggered a strong backlash from Bitcoin (BTC) supporters. On Saturday, the company posted a poll on X (formerly Twitter) to its 468,800 followers, asking whether it should begin accepting Ether as a form of payment — promising to “abide by the results.” However, just four hours later, the fast-food chain abruptly suspended the poll after vocal criticism from Bitcoin enthusiasts. “Poll suspended. Our allegiance is with Bitcoiners. You…
ETH price stabilizes as bulls defend key support levels, signaling renewed market confidence Ethereum (ETH) is showing signs of renewed strength after rebounding sharply above the $4,100 level, maintaining its uptrend despite the recent market volatility. Following last week’s sharp sell-off, which triggered billions in liquidations across the crypto market, ETH’s resilience above crucial technical zones has caught the attention of analysts and traders alike. The second-largest cryptocurrency by market capitalization is now trading above a major ascending trendline, suggesting that bullish market structure remains intact. Technical data indicates strong buying momentum near the $3,800–$4,000 demand zone, where price action…
ADA/USDT recovers from a steep sell-off as buying pressure strengthens near key demand zones Cardano (ADA) has staged a strong comeback this week, rebounding after what analysts describe as a major accumulation phase that absorbed intense selling pressure. The move follows a deep correction across the crypto market, which saw over $20 billion in leveraged positions liquidated earlier this month. After plunging to as low as $0.25, ADA has since surged back to around $0.65, marking an impressive recovery from its October lows. The rally appears to have originated from a well-defined green demand zone, where institutional buyers and long-term…
Both nations signal readiness to negotiate amid rare earth export dispute The United States and China appear to be stepping back from escalating trade tensions after a week of market turmoil. On Sunday, officials from both sides expressed a renewed willingness to engage in trade dialogue, a shift that analysts say could revive investor confidence and stabilize global markets. In a translated statement, China’s Ministry of Commerce said it is “ready to strengthen dialogue” regarding trade relations and the controversial rare earth mineral export controls that triggered fresh disputes with Washington last week. The ministry also noted that Beijing may…
Exchange says price glitch stemmed from decimal adjustment, not an actual collapse Binance has clarified that reports of multiple tokens crashing to zero during Friday’s crypto market sell-off were the result of a technical display issue, not an actual market collapse. The exchange confirmed Sunday that the prices of tokens such as IoTeX (IOTX), Cosmos (ATOM), and Enjin (ENJ) briefly appeared to drop to $0 on users’ screens. However, prices on other exchanges remained stable — confirming the issue was limited to Binance’s user interface. Market participants also noted that Ethena’s synthetic stablecoin (USDe) briefly lost its peg on Binance,…
BTC Bounces Strongly From Support Zone, Eyeing Resistance Near $120,000 Bitcoin (BTC) has reclaimed the spotlight after a sharp rebound pushed its price above $114,000, signaling renewed bullish momentum in the broader cryptocurrency market. The move comes just days after BTC tested a critical support area around $108,000, with strong buyer activity reversing the short-term downtrend. The daily chart shows Bitcoin breaking out of a descending parallel channel, a pattern that had guided price action for the past several weeks. The breakout coincided with a strong reaction from the green support zone between $107,000 and $110,000, an area that has…
Rising adoption underscores the growing role of digital dollars in global finance The global stablecoin market has climbed to $304.6 billion, adding more than $2 billion in capitalization within just seven days, according to the latest data from DefiLlama. The modest 0.67% weekly increase reflects a broader, long-term trend — the steady rise of stablecoins as the financial backbone of the digital economy. Once viewed as tools for crypto traders to hedge against volatility, stablecoins have now evolved into vital infrastructure for payments, remittances, and DeFi liquidity. Designed to mirror the U.S. dollar, they provide stability and reliability in a…
EU’s MiCA Regulation Spurs Institutional Confidence and Blockchain Integration Europe is emerging as a global leader in digital asset innovation, with clear regulations and growing partnerships between traditional banks and blockchain firms driving a wave of tokenization projects. Ripple, one of the leading blockchain firms in global payments, sees significant opportunities in Europe’s expanding tokenization market. Cassie Craddock, Ripple’s Managing Director for the U.K. and Europe, said on Oct. 10 that the European Union’s Markets in Crypto-Assets Regulation (MiCA) has boosted institutional confidence and paved the way for wider blockchain adoption. “MiCA gave European banks and financial institutions the confidence…