Aligning With Crypto’s Nonstop Nature CME Group, the world’s leading derivatives marketplace for institutional investors, has announced plans to introduce 24/7 trading for its cryptocurrency futures and options markets starting in early 2026, pending regulatory approval. This major shift would bring CME’s operations in line with the always-on nature of crypto markets, which never close, unlike traditional financial exchanges. Meeting Growing Institutional Demand “Client demand for around-the-clock cryptocurrency trading has grown as market participants need to manage their risk every day of the week,” said Tim McCourt, CME’s Global Head of Equities, FX, and Alternative Products. The move ensures that…
Author: Blockto Team
BTC tests new highs as key resistance level comes under pressure Bitcoin (BTC) has surged past the highly anticipated $120,000 level, breaking through a zone that previously acted as a rejection barrier. This move follows weeks of sideways consolidation within a descending channel and renewed strength after defending the $108,000–$110,000 support region. The breakout is supported by a sharp increase in trading volume, signaling fresh demand from institutional and retail investors alike. Historically, levels around $120K have triggered profit-taking and short-term volatility, but the strong momentum this time suggests bulls may be preparing for higher targets. “Bitcoin’s decisive push above…
AI-Powered Promotion Amid Controversy US First Lady Melania Trump has once again entered the crypto spotlight after promoting her Solana-based memecoin, MelaniaMeme (MELANIA), in a new AI-generated video. She described the token as the path “into the future,” tagging the official memecoin account on X. However, the comeback has raised eyebrows, as it follows months of silence and comes amid ongoing allegations that team wallets behind the project quietly sold off millions of dollars’ worth of tokens. $10 Million in Token Sales Under Scrutiny Blockchain analytics firm Bubblemaps highlighted that over $30 million in community funds were moved on April…
AI leader overtakes SpaceX while crypto firms trail far behind OpenAI has officially become the world’s most valuable startup, hitting a $500 billion valuation in a secondary share sale, surpassing Elon Musk’s SpaceX and setting a new benchmark in global tech investment. Record-breaking valuation in AI According to reports, OpenAI employees and early investors sold $6.6 billion worth of shares to firms including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX and T. Rowe Price. This pushed the company’s valuation to $500 billion, overtaking SpaceX’s estimated $400 billion market capitalization. By comparison, other major startups like ByteDance ($220 billion)…
Officials weigh whether victims should receive today’s value of 61,000 seized Bitcoin or only their original investment. UK Considers Bitcoin Compensation for Victims United Kingdom officials are facing a high-stakes decision on what to do with one of the largest cryptocurrency seizures in history. Authorities confiscated 61,000 Bitcoin in 2018, worth nearly $7.24 billion today, from fraudsters who defrauded 128,000 Chinese investors. The core question now is whether victims will receive the current market value or just the original investment of around £640 million ($862 million). According to court documents, the case is being reviewed under the Proceeds of Crime…
Rise of yield-bearing tokens and bank-issued stablecoins signals new competition for Tether and Circle The dominance of Tether’s USDT and Circle’s USDC in the stablecoin market is slipping, with their combined share dropping to just 83.6%, according to fresh data from DefiLlama and CoinGecko. Analysts suggest that the long-standing “stablecoin duopoly” may be coming to an end as new players enter the market. Market share decline At their peak in March 2024, USDT and USDC together controlled 91.6% of the $140 billion stablecoin market. Since then, despite steady growth in their market caps, their dominance has slid more than 5%.…
Stocks dip, gold hits record highs, and concerns rise over jobs, student loans, and travel disruptions The US government shutdown has officially begun after lawmakers failed to reach a funding deal before Tuesday’s midnight deadline, sending ripples through financial markets and raising questions about the economy. Wall Street opened lower Wednesday, with tech stocks leading declines. The Nasdaq Composite fell 0.62%, while the S&P 500 slipped 0.42% and the Dow Jones dipped 0.09%. “The government shutdown is another brick in the stock market’s wall of worry,” said Glen Smith, CIO at GDS Wealth Management. “It comes at a time when…
XLM shows bullish momentum with breakout above key resistance Stellar (XLM/USDT) gained nearly 7% in the last 24 hours, pushing its price to $0.40 as bulls drove the token out of a prolonged falling wedge pattern. The breakout has sparked optimism among traders who see this as a potential start of a larger bullish reversal. The daily chart reveals that XLM had been consolidating within a downward-sloping wedge since mid-July, with strong support holding near the $0.35 demand zone. After weeks of sideways trading, buyers stepped in aggressively, leading to a breakout above the wedge’s upper trendline. According to BITX analysts,…
The newly launched Plasma (XPL) token faced intense community backlash this week after its price collapsed more than 50% in just a few days. Founder Paul Faecks has strongly denied accusations of insider selling, insisting that the team has not liquidated any of its allocations. Plasma officially launched its mainnet beta and native token on September 25, positioning itself as a layer-1 blockchain aimed at making stablecoin payments faster and cheaper. Following the launch, XPL spiked to nearly $1.70 by Sunday, only to tumble to $0.83 by Wednesday, wiping out more than half its market value. The steep correction triggered…
Agricultural regulator issues fines and suspends services for violators The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced a ban on using agricultural land for cryptocurrency mining, warning that farms must be reserved solely for agricultural purposes to remain eligible for government services, subsidies, and utilities. Heavy Penalties for Crypto Mining on Farmland Under the new directive, violators will face a fine of 100,000 AED ($27,229). In addition, ADAFSA will suspend municipal services, confiscate mining hardware, and disconnect electricity to the farmland. The regulator stressed that crypto mining activities conflict with sustainability policies in the region and violate…