Spot ETFs for Litecoin and Hedera Near Final Approval Asset manager Canary Capital appears to be on the brink of launching its long-awaited Litecoin (LTC) and Hedera (HBAR) spot exchange-traded funds (ETFs) after completing key filing updates with the U.S. Securities and Exchange Commission (SEC). According to analysts, the filings now include final details such as a 0.95% management fee and official ticker symbols — LTCC for Litecoin and HBR for Hedera. ETF expert Eric Balchunas commented that these updates are “typically the last thing before go-time,” indicating that approval could come shortly after government operations resume. However, the ongoing…
Author: Blockto Team
Key Crypto Assets Show Short-Term Weakness Despite Strong Yearly Gains After a powerful surge above recent resistance levels, Bitcoin (BTC) and Ethereum (ETH) faced renewed selling pressure over the weekend, pulling back to key technical zones. As of October 7, Bitcoin trades near $120,800, down over 3% in 24 hours, while Ethereum slipped to around $4,460, marking a sharp retracement from its recent high near $4,800. The correction comes after both assets reached significant overbought levels and met strong supply zones identified by traders. Analysts suggest the recent decline may be part of a broader market consolidation phase before the…
ICP Price Attempts Recovery After Extended Downtrend Internet Computer (ICP) is showing early signs of stabilization near the $4.00 support level, after months of persistent decline that pushed the asset to multi-month lows. The latest chart data indicates that ICP has formed a strong demand zone between $4.00 and $4.50, suggesting that selling momentum may be weakening as buyers begin to re-enter the market. Over the past few weeks, ICP’s price action has moved within a defined descending channel, with multiple failed attempts to break the upper trendline resistance around $6.00–$6.50. After touching the lower boundary of this channel in…
SharpLink’s Ethereum Bet Pays Off SharpLink Gaming, a publicly listed company trading under the ticker SBET on Nasdaq, has seen its unrealized profits exceed $900 million since launching its Ethereum (ETH) treasury strategy in early June 2025. The company announced the milestone on Monday via X, noting that it has doubled its ETH concentration in just four months — a move it says has significantly boosted shareholder value. Currently, SharpLink holds around 839,000 ETH on its balance sheet and maintains a zero-debt position, underscoring a strong financial foundation backed by one of the most valuable digital assets. “This is the…
BTC faces rejection at major resistance, testing investors’ confidence after weeks of rapid gains Bitcoin (BTC) has slipped below $122,000, cooling off from its recent rally that pushed prices to new highs above $125,000 earlier this week. The move comes as traders take profits and momentum indicators flash signs of exhaustion across the broader crypto market. On the daily BTC/USD chart, Bitcoin is showing a clear rejection from the $124,000–$125,000 resistance zone, a level that coincides with previous highs and institutional selling pressure. The red zone on the chart marks an area where bulls have repeatedly struggled to gain traction,…
The Intercontinental Exchange (ICE) — parent company of the New York Stock Exchange (NYSE) — is reportedly in advanced talks to invest $2 billion in Polymarket, one of the leading blockchain-powered prediction markets. The potential deal would value Polymarket at up to $10 billion, signaling a significant step toward bridging traditional finance and decentralized prediction platforms. If finalized, the investment could play a pivotal role in helping Polymarket reenter the U.S. market, from which it has been restricted since 2022 following a settlement with the Commodity Futures Trading Commission (CFTC). Polymarket’s Expansion and Strategic Reentry Plan Founded in 2020, Polymarket…
BNB continues its explosive uptrend, approaching major technical resistance amid rising market confidence Binance Coin (BNB) has reached a new all-time high above $1,300, surging more than 12% in the past week as traders eye continued momentum in the broader crypto market. The rally marks a significant milestone for the native token of the world’s largest exchange, pushing it to fresh highs not seen since early 2021. The BNB/USDT weekly chart shows a steep ascending trendline that has guided the coin’s uptrend since early 2023. Price action indicates a near-vertical climb over recent months, fueled by renewed optimism across digital…
World’s Largest Custodian Bank Moves Toward Blockchain-Powered Payments BNY Mellon, the world’s largest custodian bank, is exploring the use of tokenized deposits to migrate a portion of its $2.5 trillion daily payment flow onto blockchain infrastructure, according to recent reports. The initiative aims to enhance real-time payment capabilities, improve cross-border settlement efficiency, and reduce dependency on legacy financial systems. Carl Slabicki, executive platform owner for Treasury Services at BNY, said the project is designed to modernize how deposits and payments move across institutions. “Tokenized deposits can help banks overcome legacy technology constraints, making it easier to move deposits and payments…
GPU Expansion and Multi-Year Deals Push IREN Toward $500M Annual Run Rate Bitcoin miner IREN surged 9% to $63 after announcing new multi-year AI cloud contracts with leading technology companies. The agreements are tied to NVIDIA’s Blackwell GPU deployments, positioning IREN as one of the fastest-growing hybrid mining and AI infrastructure firms in the market. According to company data, IREN’s newly signed contracts cover around 11,000 GPUs, representing an estimated $225 million in annualized run-rate revenue (ARR) expected to come online by the end of 2025. The company projects its total ARR could exceed $500 million by Q1 2026 from…
Solana (SOL) is maintaining stability around the $230 level, hovering within a narrow range after an impressive 20% rally over recent sessions. The asset is consolidating near the upper resistance zone between $230–$240, reflecting cautious optimism among traders following a strong breakout from September’s support region near $200. Volume remains moderate, suggesting that buyers are defending the current price floor, while sellers appear to be fading around the $235–$240 resistance zone highlighted on the chart. If Solana sustains support above $220, the next technical targets lie near $250–$260, where significant supply pressure historically emerged. Conversely, a breakdown below $215 could…