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).…
Author: Blockto Team
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…
CEO Leonard Says Decision Will Aim to Protect Existing Holders and New Participants Decentralized derivatives exchange Aster is weighing the introduction of vesting schedules for recipients of its upcoming airdrop, a move designed to reduce immediate selling pressure and protect long-term token value. Balancing Holders and Airdrop Recipients During a recent livestream, Aster CEO Leonard said the team is evaluating how to structure the second season of its airdrop distribution. He explained that while community rewards are important, the project must also safeguard the interests of current holders. “I think we reserve the right of doing it. We will kind…
Strong Recovery from $109K Support Signals Renewed Market Momentum Bitcoin (BTC) has surged past $114,000, marking a significant technical breakout that could set the stage for a stronger bullish move. The rise follows a successful defense of the $109,000–$110,000 support zone, where buyers stepped in to halt the recent pullback. Key Technical Levels in Focus The chart shows Bitcoin reclaiming the upper boundary of the descending channel that had capped price action through August and September. The decisive move above $114K suggests momentum is shifting back in favor of bulls. The next upside targets are clear: On the downside, $110,000…
Company Now Controls More Than 2% of Total ETH Supply BitMine Immersion Technologies has announced a significant increase in its Ethereum treasury, bringing total holdings to 2.66 million ETH. At current prices, the stake represents more than 2% of Ethereum’s total circulating supply, cementing the firm’s status as the leading corporate holder of Ether. $11.6 Billion Balance Sheet With Crypto, Cash and “Moonshots” According to the company’s Sunday evening disclosure, its combined assets in crypto, cash and high-risk equity investments total $11.6 billion. The breakdown includes 192 BTC, $157 million in early-stage “moonshot” equities, and $436 million in unencumbered cash.…
Traders Eye $20 Zone as Critical Support While Resistance Looms at $28 Chainlink (LINK) is currently trading around $21.01, showing signs of holding a crucial support level after a sharp pullback from recent highs. Technical analysis suggests that the $20–$21 zone is a decisive area for buyers, with broader market sentiment expected to determine the next trend direction. The chart highlights a green support zone between $20 and $21, where LINK has bounced in recent sessions. This region was a major breakout point in August, making it an important level to watch. A sustained hold here could fuel a new…
New Crypto-Asset Market Act Could Reshape Poland’s Digital Asset Industry Poland has taken a major step toward regulating its digital asset industry after the Sejm (lower house of parliament) approved the Crypto-Asset Market Act (Bill 1424) on Friday. The bill now moves to the Senate for review, but it has already triggered significant backlash from crypto holders, lawmakers, and industry advocates. Licensing, Heavy Fines, and Prison Terms The legislation introduces a mandatory licensing framework for crypto asset service providers (CASPs), including exchanges, issuers, and custody platforms. Oversight will fall under the Polish Financial Supervision Authority (KNF). To obtain a license,…
QNB Joins Kinexys to Enable Near-Instant, 24/7 Cross-Border Settlements Qatar National Bank Group (QNB), the largest financial institution in the Middle East and Africa, has partnered with JPMorgan’s Kinexys blockchain platform to modernize its U.S. dollar payment infrastructure, according to Bloomberg. The shift represents a major step away from the limitations of traditional banking systems, where cross-border transfers are often restricted to weekdays and can take multiple days to settle. “A Treasurer’s Dream” – Payments in Just Two Minutes Kamel Moris, executive vice president of transactional banking at QNB, praised the development as transformative. “We can guarantee payments as fast…
XRP Climbs Toward $2.90 After Strong Bounce XRP rallied nearly 3% in the last 24 hours, lifting prices to around $2.86 and sparking fresh interest among traders. The move follows a firm rebound from the green demand zone near $2.65, an area that has repeatedly served as a launchpad for previous recoveries. The chart shows a sustained battle between bulls and bears. After breaking out of a descending channel in mid-July, XRP staged a sharp run toward the $3.70 resistance band, only to pull back and consolidate through September. The latest surge keeps the token above the short-term orange support…
Michael Saylor’s Strategy has once again strengthened its position as the world’s largest public Bitcoin holder, adding $22.1 million worth of BTC despite market pressure. According to a recent U.S. Securities and Exchange Commission (SEC) filing, Strategy acquired 196 Bitcoin for $22.1 million during the week ending Sunday. The purchase was made at an average price of $113,048 per coin, taking advantage of Bitcoin’s brief dip below $110,000 last Thursday. With this acquisition, Strategy’s total Bitcoin holdings now stand at 640,031 BTC, acquired for approximately $47.35 billion at an average cost of $73,983 per coin. This solidifies the firm’s reputation…