XRPUSDT Technical Analysis Shows Critical Zones XRP is consolidating near $2.85 after a period of heightened volatility, as bulls and bears battle for control around important technical levels. The four-hour chart shows that the token remains inside a broad trading range, with buyers attempting to defend a green support zone around $2.60 and sellers maintaining pressure below the brown resistance band near $2.95. The market recently recovered from a steep decline, bouncing off the lower support and regaining momentum above the mid-range. Analysts note that the price action reflects a market searching for direction after weeks of fluctuating sentiment. “The…
Author: Blockto Team
Major banks push for a European alternative in the stablecoin market Nine leading European banks are joining forces to introduce a MiCA-compliant euro-denominated stablecoin, aiming to strengthen Europe’s role in digital payments and challenge the dominance of U.S.-backed stablecoins. The project is expected to go live in the second half of 2026. Building a trusted European stablecoin The participating banks include ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International. Together, they have formed a new company in the Netherlands, which plans to operate under the supervision of the Dutch Central Bank as an e-money…
Uniswap faces downside momentum as price slips below $8.00 with major support levels in focus Uniswap (UNI/USDT) has come under renewed selling pressure, with its price retreating to $7.76 after failing to sustain gains above the $9.00 mark. The latest move marks a break from the recent uptrend, placing UNI at a critical support zone between $7.50 and $7.80, which could determine the next directional trend. The daily chart shows how UNI climbed steadily over the summer months, breaking above a rising trendline that fueled optimism. However, momentum shifted as sellers stepped in around $13.00–$14.00, an area of strong resistance…
South Korea’s internet giant eyes crypto leadership with Dunamu takeover Naver Financial, the fintech arm of South Korea’s largest internet company, is preparing to acquire Dunamu, operator of the nation’s top crypto exchange Upbit, in a deal that could reshape the country’s digital finance landscape. The move comes as Naver sets its sights on launching a Korean won-backed stablecoin and building a stronger presence in the global fintech sector. Reports of the acquisition boosted Naver’s stock price by more than 11.4%, trading at 254,000 Korean won ($181). In its latest quarterly report, Naver posted revenues of over $2 billion and…
Wall Street may soon see new ETFs tied to crypto treasuries, staking, and token bundles Crypto trading and market-making firm GSR has filed to launch its first-ever set of exchange-traded funds (ETFs), including a headline product focused on companies holding digital assets in their treasuries. The filing also includes four other ETFs tied to staking rewards and direct exposure to major cryptocurrencies. According to the regulatory filing, the GSR Digital Asset Treasury Companies ETF would invest in public firms that hold significant amounts of cryptocurrency in their corporate treasuries. This could include Bitcoin-buying Strategy Inc., Ether-holding BitMine Immersion Technologies, and…
Fitell shifts strategy toward digital assets but investors react negatively Shares of Nasdaq-listed Fitell, an Australian fitness equipment maker, dropped sharply this week after the company revealed a major crypto treasury strategy involving a $10 million purchase of Solana (SOL). The move, intended to reposition the company as a hybrid fitness and digital asset player, sent its stock tumbling by more than 21% in Wednesday’s trading session. On Tuesday, Fitell disclosed plans to allocate 70% of proceeds from a $100 million convertible note into digital currencies, primarily Solana. The following day, the firm confirmed the purchase of more than 46,000…
Market struggles as Ethereum slips below key resistance and faces pressure near $4,000 Ethereum (ETH/USD) faced intense selling pressure in the latest session, with the second-largest cryptocurrency by market capitalization slipping to $4,016. The decline comes after repeated rejections from upper resistance zones, leaving the token to test a critical support level around $3,950–$4,000. The 4-hour chart shows ETH tumbling from a recent weak high near $4,850, where momentum began to fade. Bears capitalized on this exhaustion, pushing prices through multiple short-term demand zones. Currently, the green support band at $3,900–$4,000 is acting as the last significant barrier before potential…
Buyers attempt to stabilize price as resistance holds near $0.42 and $0.48 Stellar (XLM/USDT) is showing signs of resilience as it defends a critical support zone around $0.36, despite recent bearish pressure that has kept the token pinned below key resistance levels. At the time of writing, XLM trades near $0.3639, with 24-hour trading volume recorded at 5.04 million, reflecting steady participation from both buyers and sellers. The price chart highlights a sharp decline from August highs, where the token faced repeated rejection in the $0.42–$0.48 resistance zone. The consolidation of supply in these regions has made upward momentum difficult…
Stablecoin adoption is set to accelerate as Circle, the issuer of USDC, teams up with crypto infrastructure firm Crossmint to extend stablecoin accessibility across multiple blockchain networks. The collaboration aims to support both human users and emerging AI agents, signaling a new frontier for digital payments. Circle Ventures announced the partnership with Crossmint to deliver USDC wallets, APIs, and onramps that streamline payments globally. Crossmint emphasized that the integration is designed not only for retail adoption but also for AI-driven financial activity. “By combining Crossmint Wallets and APIs for stablecoin onramps, orchestration, and agentic payments with USDC, we’re laying the…
The supply of Ethereum (ETH) on centralized exchanges has plunged to its lowest level in nine years, signaling mounting institutional interest and a shift toward long-term holding strategies. According to Glassnode, exchange balances have fallen to 14.8 million ETH, a level not seen since July 2016. Ethereum’s exchange reserves have been steadily declining since mid-2020, but the trend has accelerated in recent months. Over the past two years, the amount of ETH held on exchanges has been slashed by 50%. Since mid-July alone, balances have dropped another 20%, underscoring the scale of the exodus. Data from CryptoQuant shows its Ethereum…