BTC stalls near $118,000 amid selling pressure from key supply zone Bitcoin faced another setback after testing the $118,000 resistance zone, where sellers quickly regained control and pushed the price lower. Despite recent momentum, the rejection highlights that BTC continues to face strong headwinds at critical levels, leaving traders cautious about the near-term outlook. On the 4-hour chart, Bitcoin’s rally from early September lows near $108,000 carried the price into the red-marked supply area around $118,000. However, the attempt to break higher was met with heavy selling, triggering a pullback toward $116,000 at the time of writing. The price remains…
Author: Blockto Team
Discipline Over Speculation The sustainability of corporate crypto treasuries hinges on strong governance and a long-term view, according to HashKey Capital CEO Deng Chao. Speaking in a recent interview, Chao emphasized that digital asset treasuries (DATs) are viable as strategic reserves, but only if treated with discipline. “Resilience comes from discipline,” Chao said. “Digital assets themselves are not inherently unsustainable; it is how they are managed that makes the difference.” He warned that treasuries lacking risk frameworks, diversification, or governance tend to collapse during volatile market cycles, while those with long-term strategies can weather downturns. HashKey recently launched a $500…
BCH struggles near $620 while traders eye key support levels Bitcoin Cash (BCH/USDT) faced a sharp 7% decline, pulling back from the $620 resistance zone after an extended uptrend. The rejection at this critical level highlights the strength of supply pressure that has capped multiple attempts to break higher in recent weeks. The daily chart shows BCH has been trading inside a rising channel pattern since April, marking a consistent series of higher lows and higher highs. However, the latest rejection from the upper trendline and the supply zone between $620 and $660 triggered a swift pullback. At press time,…
Watchdog Report Sparks Controversy A new report by Washington D.C.-based watchdog Accountable.us has accused World Liberty Financial Inc. (WLFI) — a company reportedly linked to the Trump family — of engaging in questionable token sales involving sanctioned entities tied to North Korea, Iran, and Russia. The findings, published in a document titled “American Sell-Out”, suggest that WLFI’s token transactions may have helped adversaries of the United States bypass sanctions through crypto deals. Alleged Deals With Sanctioned Entities The watchdog alleges that on the day of Donald Trump’s inauguration as U.S. President, WLFI sold 600,000 WLFI tokens to a crypto trader…
Brian Armstrong says goal is to become people’s primary financial account Coinbase CEO Brian Armstrong has unveiled the company’s most ambitious plan yet: transforming the exchange into a full-service crypto super app designed to rival traditional banks. Speaking in a recent interview, Armstrong said Coinbase aims to integrate payments, credit cards, rewards, and decentralized finance into one platform. “Yes, we do want to become a super app and provide all types of financial services,” he noted. “We want to become people’s primary financial account and I think that crypto has a right to do that.” Challenging traditional banking Armstrong criticized…
XRP (XRP/USDT) is trading around $3.00, managing to stay above a vital support zone between $2.85 and $2.90 after a sharp breakout earlier this quarter. Despite facing rejection near the $3.40–$3.60 resistance levels, the asset continues to show resilience as buyers defend the lower range. The 4-hour chart indicates that XRP successfully broke free from a descending channel pattern that had capped its price throughout May and June. The breakout fueled a surge of over 30%, lifting the token toward the $3.60 zone before profit-taking set in. Currently, $2.85 remains a critical support base, while $3.20 stands out as the…
The debate over how to regulate cryptocurrencies in the United States intensified this week as former SEC Chair Gary Gensler publicly defended his enforcement-heavy approach, even as the agency under new leadership signals a dramatic shift in direction. Gensler Stands by Enforcement Approach In a rare interview since stepping down in January, Gensler told CNBC that he had “no regrets” about the SEC’s aggressive stance toward crypto during his tenure. He argued that digital assets remain “highly speculative and very risky”, stressing that the regulator’s actions were necessary to protect investors. “We were consistently trying to ensure investor protection. And…
Quantum Computing vs. Bitcoin Security Solana co-founder Anatoly Yakovenko has raised serious concerns about Bitcoin’s future, warning that rapid advances in quantum computing could compromise the world’s largest cryptocurrency if developers fail to act by 2030. Speaking at the All-In Summit 2025, Yakovenko stressed that the current cryptographic signatures securing Bitcoin transactions may be vulnerable to Shor’s algorithm, a quantum computing method capable of breaking traditional encryption. According to Yakovenko, there’s a “50/50 chance that within five years there’s a quantum breakthrough” — an event that would force Bitcoin to transition to quantum-resistant cryptography to maintain security. Why Quantum Risk…
DOG struggles to hold above crucial $0.0023 level amid bearish pressure Dog Coin (DOG) has slipped by nearly 5% in the past 24 hours, trading at $0.00239 as sellers regained control after weeks of sideways action. The decline has pushed DOG back into a critical support zone near $0.0023–$0.0021, an area that previously prevented deeper losses. Technical Analysis of DOG Price The daily chart shows that DOG remains under pressure following multiple failed attempts to reclaim the $0.0030 resistance zone. The latest rejection highlights weak buying momentum and strengthens the case for extended consolidation. According to BITX “DOG’s price action continues…
Synthetic stablecoin ecosystem expands as USDe becomes third-largest globally Ethena Labs has announced a partnership with institutional trading firm Flowdesk to strengthen access and liquidity for its stablecoins USDe and USDtb, marking another step in the protocol’s rapid rise. The move comes as USDe’s market capitalization surpasses $14 billion, securing its place as the world’s third-largest stablecoin behind USDT and USDC. Flowdesk, whose client base spans hedge funds, exchanges, and token issuers, will provide trading and reward program infrastructure for both Ethena stablecoins. The collaboration is designed to improve accessibility and deepen liquidity across markets. Two models of stability: USDe…