Meme Coin Strengthens as Bulls Target $0.000012 Resistance FLOKI, the popular meme-inspired cryptocurrency, posted a notable 7% price surge this week, rebounding sharply from its key support zone near $0.0000075. The move signals renewed bullish momentum after weeks of sideways trading and declining volatility. According to the daily chart, FLOKI has formed a bullish recovery pattern, bouncing from a major demand area between $0.0000070 and $0.0000080, which had previously acted as a strong accumulation zone. The token’s recent upswing has pushed it toward the $0.000010–$0.000011 region, where initial selling pressure has begun to emerge. Trading volume jumped to 185 billion…
Author: Blockto Team
Sam “SBF” Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, says the “single biggest mistake” he made during the company’s downfall was handing control of the exchange to its current CEO, John J. Ray III, before bankruptcy proceedings began. SBF Regrets Losing Chance to Save FTX In a new interview published by Mother Jones, Bankman-Fried claimed that his decision to hand over FTX on November 11, 2022, prevented him from pursuing a last-minute investment that could have potentially saved the exchange. Soon after taking control, John J. Ray III — a restructuring expert appointed as the new FTX…
BTC’s growing market share signals investor caution amid altcoin underperformance Bitcoin dominance—the percentage of the total cryptocurrency market cap held by Bitcoin—has climbed above 59%, marking its strongest position since early summer. This move signals a clear rotation toward Bitcoin as traders seek relative safety amid ongoing market volatility and declining confidence in smaller-cap altcoins. The chart indicates a clean breakout from the mid-range resistance zone near 58%, confirming a potential trend reversal after months of consolidation. The green support region around 57% has repeatedly held firm, forming a solid foundation for this upward continuation. “The market is showing a…
The “Uptober” rally has officially begun as Bitcoin exchange-traded funds (ETFs) in the United States record their second-best week of inflows ever, signaling renewed investor optimism and strong momentum heading into the final quarter of 2025. $3.2 Billion Inflows Ignite Investor Confidence According to data from SoSoValue, spot Bitcoin ETFs saw $3.24 billion in net positive inflows during the first week of October — nearly matching their all-time record of $3.38 billion set in late November 2024. This sharp reversal follows a weak previous week of $902 million in outflows, highlighting a rapid shift in investor sentiment. Analysts attribute the…
Experts Warn That Combining Blockchain Stocks With Volatile Crypto Assets May Expose Investors to Double Risk As digital asset treasuries (DATs) explore new ways to attract investors, some crypto executives are warning that tokenizing company shares could intensify financial risk rather than reduce it. According to Kadan Stadelmann, Chief Technology Officer at Komodo, the fundamental mismatch between traditional market hours and 24/7 blockchain trading presents a serious challenge. He added that smart contract vulnerabilities — including hacks, code exploits, or loss of custody — further compound the risk to investors holding both traditional and tokenized versions of a company’s equity.…
Patrick Collison Says Yield-Bearing Stablecoins Will Pressure Banks to Offer Real Returns Stablecoins are emerging as a major force in global finance, and their growth could soon reshape how banks operate. According to Patrick Collison, CEO of payments firm Stripe, the rise of yield-bearing stablecoins will eventually push traditional banks and financial institutions to share yield with depositors or risk losing competitiveness. At present, U.S. savings accounts average just 0.40% interest, while European rates hover near 0.25% — a stark contrast to the returns offered by blockchain-based digital assets. Collison argued that this gap cannot persist much longer. “Depositors are…
BTC price climbs to fresh yearly highs as investors seek stability amid political uncertainty Bitcoin (BTC) extended its rally early this week, surging past $125,700 for the first time in months as news of a potential U.S. government shutdown rattled traditional markets. The breakout marks a decisive move above a key resistance zone, reflecting rising demand for alternative stores of value. On the daily chart, BTC has cleanly broken out from a multi-month descending channel, confirming the end of a corrective phase that began in late summer. The move was accompanied by a noticeable rise in trading volume, reinforcing the…
VanEck Report Highlights Slowdown in On-Chain Economic Activity Global blockchain network revenues declined 16% month-over-month in September, signaling a temporary slowdown in crypto market activity. The drop was largely attributed to reduced volatility across major cryptocurrencies, according to a new report from asset manager VanEck. The report showed that Ethereum, Solana, and Tron — the three largest smart contract platforms by network activity — all saw significant decreases in fee-based revenue. Analysts noted that with lower market volatility, traders and arbitrage bots paid fewer priority fees, leading to a reduction in overall network income. “With reduced volatility for digital assets,…
Solana’s Speed and Efficiency May Attract Traditional Finance Matt Hougan, Chief Investment Officer at Bitwise Asset Management, believes Solana (SOL) is positioned to become the go-to blockchain for Wall Street’s stablecoin and tokenization markets, thanks to its remarkable speed, throughput, and transaction finality. Speaking in an interview on October 2, Hougan remarked, “I think Solana is the new Wall Street.” He emphasized that major financial institutions now recognize the transformative potential of stablecoins and real-world asset (RWA) tokenization, describing them as key innovations that will reinvent payments and reshape financial markets. Hougan pointed to Solana’s rapid improvements in settlement speed…
Traders eye potential continuation as BTC smashes key resistance zone Bitcoin (BTC) has surged past the $124,300 level, marking a decisive breakout that signals renewed bullish momentum in the crypto market. The move follows weeks of consolidation between support at $107,000 and resistance near $122,000, suggesting a technical shift that could open the door to higher price targets. The daily chart shows BTC breaking out from a descending channel, a pattern often associated with trend reversals. After testing the green support region around $108,000 multiple times, the price rallied sharply, closing above previous highs and entering a fresh bullish phase.…