A new on-chain investigation has reportedly connected a Hyperliquid whale controlling more than 100,000 BTC to Garrett Jin, the former CEO of BitForex — the now-defunct exchange once accused of fraud and manipulation. On-Chain Evidence Points to Jin According to crypto researcher Eye, the whale’s main wallet, ereignis.eth, appears directly linked to garrettjin.eth, an ENS domain associated with Jin’s verified X (Twitter) account, @GarrettBullish. Blockchain data revealed multiple transactions between ereignis.eth and addresses connected to BitForex, Huobi (HTX), and Binance, including one that funded a $735 million Bitcoin short position. The wallet also interacted with staking contracts and other wallets…
Author: Blockto Team
DOGE/USDT recovers from steep sell-off as traders eye key support and potential short-term rally After suffering a steep decline earlier this month, Dogecoin (DOGE) is showing signs of life again. The meme-inspired cryptocurrency rebounded strongly from its recent low, suggesting a possible short-term recovery after what traders described as a “panic-driven flush-out.” Data shows that DOGE/USDT plunged over 55%, dropping briefly below the critical $0.0015 support zone before buyers stepped in aggressively. The token has since bounced back to around $0.00193, reclaiming part of its lost ground. This rebound comes amid broader volatility across the crypto market following a $20…
Ethena Labs’ yield-bearing stablecoin, USDe, briefly lost its dollar peg during one of the largest liquidation events in crypto history — but swiftly regained parity, maintaining full collateralization throughout. On October 11, a surprise announcement by U.S. President Donald Trump — unveiling a 100% tariff on Chinese imports — triggered a market-wide sell-off that erased billions across digital assets. Within 24 hours, over $19 billion in leveraged positions were liquidated, marking one of crypto’s sharpest downturns to date. During the turmoil, Ethena’s USDe — a stablecoin designed to maintain a 1:1 peg with the U.S. dollar — fell as low…
Bullish momentum builds as technical signals align with growing market optimism Bitcoin is once again testing the “golden cross,” a bullish technical signal that has historically preceded some of the cryptocurrency’s most explosive rallies, according to market analysts tracking current price action. At press time, Bitcoin (BTC) is trading near $111,600, hovering close to the key $110,000 threshold that analysts say could determine the next major move. The pattern — where the 50-day moving average crosses above the 200-day average — has been seen as a strong reversal indicator in past cycles. Key Support at $110,000 Market analyst Mac emphasized…
SHIB Price Rebounds From Major Support After Heavy Selloff Shiba Inu (SHIB) has faced sharp volatility over the past week, plunging by more than 30% to test a crucial support range near 0.0000095–0.0000100 USDT, according to market data. After a steep intraday drop, buyers stepped in aggressively, helping the meme-inspired token stabilize within its broader accumulation band. The daily chart reveals that SHIB has been consolidating after a significant downtrend, forming a descending channel pattern over several months. The recent dip below 0.0000100 USDT briefly pierced the lower green support zone before recovering back inside it, showing the first signs…
New Coinbase Amex card blends Bitcoin symbolism with real-world rewards Coinbase is preparing to release a new American Express (Amex) credit card this fall in the United States, designed specifically for the growing community of Bitcoin enthusiasts. The card will offer up to 4% cashback in Bitcoin, making it one of the most competitive crypto rewards programs currently in development. The design of the upcoming Coinbase Amex card is directly inspired by Bitcoin’s Genesis Block, the first block ever mined on the Bitcoin network in 2009. According to details shared by insiders, the design features etched references to the original…
XLM Price Recovery Sparks Optimism After Sharp Selloff Stellar (XLM/USDT) has staged a notable rebound after falling nearly 30% earlier this week, bouncing from the $0.27 support area to trade around $0.32 at press time. The swift recovery highlights renewed buying interest near the lower accumulation zone as broader market sentiment steadies following a volatile stretch. The daily chart illustrates how XLM’s sharp selloff tested the lower green support band between $0.27 and $0.30, a region that has repeatedly acted as a defensive base in prior downturns. Following the dip, the token rebounded strongly, reclaiming the $0.32 handle while posting…
Trade war tensions and risk-off sentiment drive the biggest crypto crash of the year while investors flock to safe-haven assets The global financial landscape experienced one of its most volatile weeks of 2025, as the cryptocurrency market plunged sharply, wiping out more than $20 billion in leveraged positions. The sell-off was sparked by renewed U.S.–China trade tensions and amplified by macroeconomic uncertainty, while gold prices soared to an all-time high above $4,000 per ounce amid a rush toward safety. Crypto’s biggest liquidation in history Bitcoin reached a new all-time high of $118,500 on October 6, fueled by optimism around institutional…
Privacy-focused cryptocurrency regains momentum, outpacing major assets amid volatile recovery Zcash (ZEC) staged a powerful recovery over the weekend, regaining nearly all its value lost during Friday’s sharp crypto market crash. After plunging by over 45% in less than 24 hours, the privacy-centric digital asset bounced back to reach $291, before consolidating near the $270 range on Saturday. The rebound comes after a chaotic market session triggered by U.S. President Donald Trump’s announcement of 100% tariffs on China, which led to more than $20 billion in crypto liquidations — the worst single-day flush in the sector’s history. Despite the turmoil,…
New legislation could worsen global crypto mining challenges as chip exports face tighter controls The United States Senate has passed a key amendment under the National Defense Authorization Act (NDAA), aimed at strengthening domestic access to artificial intelligence (AI) and high-performance computing (HPC) chips. The amendment, known as the Guaranteeing Access and Innovation for National Artificial Intelligence Act of 2026 (GAIN Act), requires American chipmakers to fulfill domestic orders first before exporting advanced processors abroad. Under the new provision, Congress would also have the authority to block export licenses for cutting-edge AI chips and mandate approval for any products containing…