New research reveals that while memecoins attract millions of traders, the real winners are exchanges, launchpads, and trading bots. Platforms Outpace Traders in Memecoin Boom A new report from Galaxy Research highlights the paradox of memecoins: they successfully attract fresh users to blockchain ecosystems, yet the profits largely flow to infrastructure providers rather than retail traders. The study finds that most traders treat memecoins like short-term gambling markets, where median hold times are measured in seconds. In contrast, platforms that enable trading and token creation generate millions in revenue by charging fees. “Memecoins may not deliver long-term value for most…
Author: Blockto Team
Institutional crypto exchange Bullish secures BitLicense and money transmission approval, bringing its platform to major US markets. Bullish Gains Regulatory Green Light Crypto trading platform Bullish has officially launched services in 20 US states, marking a major milestone after receiving a coveted BitLicense and money transmission license from the New York State Department of Financial Services (NYDFS) last month. The exchange debuted spot trading with BitGo and Nonco as its first institutional clients on launch day. The approval allows Bullish to operate in key states such as California, Florida, Arizona, Washington, DC, and New York, signaling a wider institutional foothold…
Key resistance under watch as ETH regains bullish strength Ethereum (ETH) is once again testing the $4,400 resistance zone, a crucial level that has acted as both support and rejection in past sessions. The renewed push higher comes after ETH defended the $4,000 support range, where buyers stepped in to halt September’s corrective phase. The chart highlights a sharp rebound from $3,800–$4,000 demand zones, with Ethereum climbing steadily toward the $4,350–$4,400 region. This area is marked by heavy historical trading activity, making it an essential inflection point for the market. “Ethereum’s ability to reclaim $4,400 would be a strong technical…
Bulls attempt breakout while resistance zone remains unbroken Bitcoin (BTC) surged past $117,000, testing a well-defined rejection level that has repeatedly capped rallies in recent weeks. The move comes as buyers regained momentum from the $110,000 support zone, driving optimism of a potential breakout above the mid-term downtrend. The chart shows BTC climbing out of a descending channel after multiple failed attempts to reclaim higher ground. Despite this momentum, the $117K–$118K resistance area remains a major supply zone. Price has already faced heavy selling pressure here in the past, making this level a critical battleground for bulls and bears. “Bitcoin…
Crypto ETF approvals and enforcement actions likely delayed as funding lapse hits financial regulators. The U.S. Securities and Exchange Commission (SEC) has begun winding down operations after Congress failed to pass a funding bill, triggering the first day of a government shutdown. According to an operations plan released in August, the agency is functioning with an “extremely limited number of staff”, with most employees instructed to secure their work and prepare for a pause until funding is restored. “On the first workday of a lapse in appropriations, non-excepted staff will engage in activities to shut down their respective operations,” the…
The U.S. Senate Finance Committee will hold a key hearing on cryptocurrency taxation this Wednesday, just one day after the Treasury Department and Internal Revenue Service (IRS) released interim relief guidance on the Corporate Alternative Minimum Tax (CAMT) — a Biden-era policy impacting large corporations, including those in the digital asset sector. The CAMT, enacted under the Inflation Reduction Act of 2022, imposes a 15% minimum tax on financial statement income for corporations with more than $1 billion in annual profits. This change could significantly impact companies with large crypto holdings. For example, Michael Saylor’s Strategy — which holds over…
Price action suggests potential breakout if resistance near $0.24 is cleared Hedera Hashgraph (HBAR) has been trading in a narrow range around $0.22, showing signs of accumulation after weeks of declining momentum. The latest chart structure highlights a descending wedge pattern that recently broke to the upside, offering early signals of recovery. After testing lows near $0.19, HBAR bounced from its strong demand zone, marked in green, where buyers stepped in aggressively. Since then, the token has been consolidating between support at $0.20 and resistance near $0.24, with market participants closely watching for a decisive move. “The ability of HBAR…
Suspicious outflows across multiple cryptocurrencies raise concerns over another state-backed cyberattack. $21 Million Outflows Detected SBI Crypto, a mining subsidiary of Japan’s SBI Group, has reportedly been hit by a $21 million exploit, according to blockchain investigator ZachXBT. On September 24, 2025, wallets linked to the firm recorded large outflows across Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), and Bitcoin Cash (BCH). Investigators say the funds were moved through five instant exchanges before being routed into Tornado Cash, a sanctioned crypto mixing service frequently linked to illicit finance. Suspected North Korea Ties ZachXBT highlighted in a Telegram post that…
Roman Storm, co-founder of the crypto privacy protocol Tornado Cash, has filed a motion asking a U.S. federal judge to acquit him of his conviction for unlicensed money transmission, arguing that prosecutors failed to prove intent or willful misconduct. Defense Challenges Prosecution’s Case In legal documents filed on Sept. 30, 2025, Storm’s defense team argued that prosecutors did not present evidence showing he intentionally aided bad actors in misusing Tornado Cash. The defense emphasized that negligence cannot meet the willfulness standard required under U.S. law. Without proof of intent, they argued, the government’s case against Storm is legally insufficient. Background:…
Bulls attempt breakout while resistance zone remains unbroken Bitcoin (BTC) surged past $117,000, testing a well-defined rejection level that has repeatedly capped rallies in recent weeks. The move comes as buyers regained momentum from the $110,000 support zone, driving optimism of a potential breakout above the mid-term downtrend. The chart shows BTC climbing out of a descending channel after multiple failed attempts to reclaim higher ground. Despite this momentum, the $117K–$118K resistance area remains a major supply zone. Price has already faced heavy selling pressure here in the past, making this level a critical battleground for bulls and bears. “Bitcoin…