Partnership with StraitsX Enables USDT and USDC Payments for Everyday Purchases Singapore is taking another step toward mainstream crypto adoption as OKX SG introduces OKX Pay, a scan-to-pay service that lets customers pay with stablecoins at everyday merchants. The initiative is a collaboration with crypto infrastructure provider StraitsX and Grab, Southeast Asia’s leading “everyday everything” app. Expanding Stablecoin Payments The new system allows customers to pay with USDT (Tether) and USDC (Circle) by scanning GrabPay SGQR codes at participating outlets. Transactions are seamlessly converted: the stablecoin is first exchanged into XSGD, StraitsX’s Singapore dollar-pegged token, before being settled into fiat…
Author: Blockto Team
Hedera Hashgraph Faces Key Hurdle After Rebound from Support Hedera Hashgraph (HBAR) is showing resilience as it trades near $0.217, with strong buying volume supporting its latest rebound. The price is now testing a critical resistance level after bouncing from the $0.20–$0.21 demand zone, a region that has historically acted as a base for recovery rallies. On the daily chart, HBAR recently defended its green support zone, sparking renewed bullish momentum. The recovery followed a prolonged downtrend that began after prices failed to sustain above $0.25–$0.30 resistance areas, marked by repeated rejections in late August and September. “Volume expansion near…
Proposal Aims to Boost Mining, Staking, and Blockchain Development Wisconsin lawmakers have introduced a new bill that could significantly reshape the state’s approach to cryptocurrency regulation by exempting crypto businesses and individuals from money transmitter licensing requirements. If enacted, the proposal would make Wisconsin one of the more favorable states for blockchain innovation and adoption. Assembly Bill 471, filed on Monday, outlines exemptions for activities such as mining, staking, blockchain software development, and peer-to-peer digital asset transfers. According to the Wisconsin Legislative Reference Bureau, these activities would no longer require oversight from the Department of Financial Institutions (DFI) under money…
Chairman Tom Lee Calls Ether a “Discount to the Future” Amid Institutional Demand BitMine Immersion Technologies has widened its lead as the world’s largest Ether treasury holder, while Bit Digital announced plans to raise $100 million to expand its ETH holdings, underscoring accelerating institutional adoption of Ethereum. Bit Digital Seeks $100M for Ether Purchases Bit Digital said on Monday it will issue convertible senior notes worth $100 million, with an option to raise an additional $15 million. Proceeds will primarily go toward acquiring more Ether (ETH), alongside general corporate initiatives and digital asset investments. The company already holds more than…
Exchange to Provide Back-End Trading, Liquidity, and Compliance Infrastructure Binance has announced the launch of a crypto-as-a-service white-label solution aimed at licensed banks, brokerages, and stock exchanges seeking to offer digital asset services to their clients. The move positions Binance alongside Coinbase, which introduced a similar solution earlier this year. Binance emphasized that many financial institutions prefer to rely on crypto-native infrastructure instead of building their own platforms. Developing technology, regulatory frameworks, and liquidity pipelines in-house, it said, is often “expensive, time-consuming, and potentially high-risk.” TradFi Demand for Digital Assets Rising The exchange said demand from traditional finance (TradFi) institutions…
Key Resistance at $4,300 Could Define Short-Term Trend Ethereum (ETH) surged past the $4,200 level in the latest trading session, signaling renewed strength after last week’s sell-off pushed the asset below $4,000. The recovery has brought ETH back into a critical resistance zone, where buyers and sellers are expected to battle for control in the coming days. On the 4-hour chart, Ethereum has rebounded strongly from the $3,860–$3,900 demand zone, with volume showing a notable uptick during the bounce. The move allowed ETH to reclaim the $4,100–$4,200 support-turned-resistance area, a key level that traders have been closely watching. “Breaking above…
Rare No-Action Letter Signals Softer Stance on Crypto Infrastructure In a significant policy shift, the U.S. Securities and Exchange Commission (SEC) has confirmed that Decentralized Physical Infrastructure Network (DePIN) tokens fall “fundamentally outside” its jurisdiction. The decision came through a rare no-action letter regarding the planned launch of the 2Z token by blockchain project DoubleZero. Austin Federa, co-founder of DoubleZero, called the move “proof that U.S. innovators can work with regulators to achieve clarity and still move fast.” The project’s legal team echoed that sentiment, with general counsel Mari Tomunen stating: “When the value of the token comes from other…
BNB rallies to reclaim four-figure territory with strong technical momentum Binance Coin (BNB/USDT) surged by more than 7%, crossing the key $1,000 mark for the first time in weeks. The move comes as bullish momentum drives altcoins higher, with traders eyeing fresh upside targets while closely monitoring critical support zones. On the daily chart, BNB has broken through the psychological barrier of $1,000, a level that has historically attracted heavy profit-taking. The asset is now trading near $1,008, supported by a rising trendline that has guided the rally since July. BITX crypto market strategist noted, “The breakout above $1,000 signals…
Proposal Gains Strong Community Support Amid Stablecoin Debate The Polkadot (DOT) community is weighing a major proposal to introduce pUSD, a native algorithmic stablecoin exclusively backed by DOT tokens. Early voting shows over 75% support, highlighting strong community interest in building an independent stablecoin for the Polkadot ecosystem. The initiative was introduced by Bryan Chen, co-founder and CTO of Acala Network, Polkadot’s DeFi hub. The proposed stablecoin would be algorithmic, overcollateralized, and pegged to the U.S. dollar, with backing provided solely by DOT. The system would leverage Acala’s Honzon protocol, which manages decentralized stablecoin issuance through collateralized debt positions (CDPs).…
Key Resistance Levels at $5.20 and $7.00 Remain Crucial for Recovery Aptos (APT) is trading near $4.20, showing resilience after weeks of consolidation inside a wide descending channel. The price action highlights a tug-of-war between buyers defending support and sellers capping rallies at overhead resistance zones. Technical Picture: Support and Resistance Zones The chart indicates that APT has strong support between $4.00 and $4.20, an area repeatedly tested since mid-summer. This range is currently acting as the last line of defense before deeper declines. If buyers maintain control, Aptos could see a short-term rebound. On the upside, resistance sits at…