LINK retreats from resistance as traders eye key support near $20 amid rising market volatility. Chainlink’s (LINK) token slipped around 4% in the last 24 hours, pulling back to nearly $22.44 as traders booked profits following a strong multi-week rally. The decline comes amid heightened trading volume and visible resistance near the $24 zone, suggesting the asset is encountering increased selling pressure. According to the daily chart, LINK recently rejected the upper resistance band between $26 and $30, highlighted in red. The token has since retraced toward its $20–$21 support region, a zone that previously acted as a breakout level…
Author: Blockto Team
Beijing’s new restrictions on rare earth exports heighten geopolitical tension and threaten to disrupt global technology supply chains. China has introduced a fresh wave of export controls on rare earth materials, tightening its grip on a sector critical to global manufacturing and advanced technology. The move, announced Thursday by the Ministry of Commerce, is expected to ripple across supply chains tied to semiconductors, artificial intelligence, and defense industries. “China just weaponized rare earths again — but this time globally,” said Velina Tchakarova, a geopolitical strategist. “The new rules effectively give Beijing a veto over parts of the global chip, EV,…
Technical indicators show renewed weakness as FIL struggles to reclaim the $2.40 zone amid bearish momentum. Filecoin (FIL) faced renewed selling pressure on Thursday, falling nearly 7% intraday as traders reacted to resistance rejections near the $2.40–$2.50 level. The asset currently trades around $2.36, showing signs of consolidation after failing to sustain short-term upside momentum. The 4-hour chart shows that FIL has been locked in a sideways channel since early September, following a sharp recovery from the $2.10 support zone — a level highlighted in green on the chart as a strong accumulation area. Technical data suggests that buyers have…
Aggressive support for Solana-based corporate treasuries sparks ecosystem growth — and concerns about valuation pressure. The Solana Foundation is rapidly expanding its influence in the digital asset space through discounted SOL token deals that have helped multiple companies build Solana-based digital asset treasuries (DATs). This surge in activity has bolstered the ecosystem’s visibility but also sparked debate about market sustainability and valuation risk. In recent months, the Switzerland-based nonprofit has entered several agreements offering discounted sales of SOL, incentivizing public companies to accumulate and hold Solana. This strategy has fueled a wave of newly listed Solana treasuries, with more than…
Mark Newton forecasts a short-term bottom around $4,200 before Ethereum resumes its uptrend amid institutional accumulation. Ethereum (ETH) could be nearing the end of its current correction, with a potential rebound toward $5,500, according to Mark Newton, managing director at Fundstrat Global Advisors. The veteran strategist believes the recent weakness represents a healthy “three-wave pullback” that may conclude within days. “I do not make much of the crypto weakness in recent days and expect ETH likely bottoms out over the next 1–2 days before heading back higher,” Newton said in a note shared by Tom Lee, Fundstrat adviser and BitMine…
AI-focused blockchain project Phala votes to move entirely to Ethereum, citing scalability, liquidity, and enterprise compute growth. The AI-powered Polkadot parachain Phala Network has voted to fully migrate its operations to an Ethereum Layer 2 (L2), marking a significant turning point for one of Web3’s earliest decentralized compute networks. The community-backed proposal aims to position Phala as a leading player in confidential AI and GPU-based computation within the Ethereum ecosystem. “Proposal Passed: Phala is Migrating to Ethereum L2!” the project announced on X, calling it the next step toward “greater scalability and enterprise-grade security.” The official governance vote, which passed…
Institutional investors increasingly hedge against a weakening dollar, embracing the “debasement trade” as monetary expansion accelerates. Traditional finance institutions are increasingly aligning with what many in the crypto and commodities sectors have long understood — the “debasement trade” is real, and it’s reshaping global investment strategies. As the US dollar weakens and inflation persists, investors are moving toward Bitcoin and gold as stores of value in an era of aggressive monetary expansion. Entrepreneur Anthony Pompliano described the growing institutional realization in a recent podcast, stating that “no one is ever going to stop printing money.” He added, “This now feels…
Telegram founder cautions against rising surveillance and digital ID programs as global privacy protections erode. Telegram CEO Pavel Durov has issued a stark warning that the “free internet” is on the verge of extinction, citing growing state control, surveillance initiatives, and restrictive digital regulations across democratic nations. “I’m turning 41, but I don’t feel like celebrating,” Durov said in a post on X on Thursday. “Our generation is running out of time to save the free internet built for us by our fathers.” He described a world where “once-free countries are introducing dystopian measures”, referencing the EU’s Chat Control proposal,…
Experts say weakening encryption could harm cybersecurity, deter tech investment, and threaten national security A leading privacy coalition has urged the Irish government to halt development of the Communications Interception and Lawful Access Bill, a proposal that could give law enforcement access to encrypted communications. The draft legislation, still in early stages, has sparked strong opposition from digital rights groups and cybersecurity experts who warn it could undermine global privacy and Ireland’s tech ecosystem. The Global Encryption Coalition (GEC) issued an open letter this week calling on officials to abandon the bill entirely, arguing that “any country that undermines encryption…
High-volume selling drives DeFi token beneath critical thresholds as market sentiment turns cautious AAVE (AAVE/USDT) has slipped below the $280 support zone, signaling mounting pressure across the DeFi sector as traders reassess risk amid a cooling broader crypto market. The asset’s decline comes after multiple failed attempts to sustain momentum above the $300 level, with sellers now testing the strength of the next support confluence around $260–$270. On the daily chart, AAVE has broken beneath a horizontal support range that had served as a strong accumulation base since mid-September. The structure now forms a rising trendline connecting higher lows since…