Altcoin Rally Unlikely in Current Market The cryptocurrency market may not see a traditional altcoin season during this cycle, according to Vugar Usi Zade, Chief Operating Officer of Bitget, one of the world’s largest crypto exchanges. Speaking at the Token2049 conference in Singapore, he argued that the conditions that once drove broad altcoin rallies are no longer present. “I don’t think we will see that huge pump, unfortunately, because there’s no logical reason behind it,” Usi Zade said. “There haven’t been any technological advancements. We haven’t seen any big things coming out of projects. Why would the price go up?…
Author: Blockto Team
Global Macro Tensions Boost Crypto Demand Despite a U.S. government shutdown and rising stress in Japan’s bond market, the cryptocurrency sector showed resilience this week. Investors positioned for looser global liquidity conditions, fueling fresh appetite for Bitcoin and altcoins. Shutdowns that delay key economic data and weaken fiscal visibility often force central banks to act more cautiously. Meanwhile, Japan’s rising yields—now at their highest levels since 2008—hint at major policy shifts that could ripple across global funding markets. These developments are driving traders toward digital assets, as speculation builds that policymakers may ease financial conditions to stabilize markets. Bitcoin Leads,…
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…
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…