Technical signals highlight risk of deeper correction as sellers dominate Stellar’s native token, XLM, is showing weakness on the charts after slipping below a key support zone near $0.40, raising concerns that the recent rebound may lose momentum. The asset is now consolidating around the $0.39 level, with technical indicators pointing toward further volatility. The 4-hour chart shows XLM breaking down from a descending channel in late July, only to rebound strongly from the $0.35 demand zone in early September. While this recovery initially looked promising, the token has repeatedly failed to clear heavy supply zones between $0.42 and $0.48.…
Author: Blockto Team
Analysis highlights anomalies in MYX token activity, signaling possible manipulation Trading activity surrounding the MYX token, the native asset of the MYX decentralized exchange (DEX), shows signs of significant irregularities, according to a joint report from AI infrastructure firm Rena Labs and market intelligence company Insider.Cash. Findings suggest coordinated manipulation The report analyzed over 9,200 minute-by-minute data points between Sept. 9 and Sept. 15, identifying 249 trading anomalies across liquidity, volume spikes, price ratios, and trade intensity. Researchers concluded that the probability of these anomalies occurring simultaneously under normal market conditions was less than 0.001%, making organic trading activity “a…
Support and resistance zones define HBAR’s next move Hedera Hashgraph (HBAR) slipped by nearly 3% in the latest trading session, with the price consolidating around the $0.24 level against Tether (USDT). The move comes after a period of sideways trading, as technical indicators suggest the asset is approaching a critical decision point. On the daily chart, HBAR recently broke out of a descending wedge pattern formed between May and June, sparking a sharp rally toward the $0.30 resistance zone. Since then, however, the price has repeatedly failed to sustain momentum above this level, creating visible supply zones between $0.27 and…
Crypto custody leader targets NYSE listing as institutional adoption accelerates Crypto custody giant BitGo has officially filed for a U.S. initial public offering (IPO), aiming to list on the New York Stock Exchange (NYSE) under the ticker symbol BTGO. The move underscores growing demand for secure digital asset infrastructure as institutional participation in crypto continues to expand under new U.S. policies. According to its SEC Form S-1 filing dated Sept. 19, 2025, BitGo reported $90.3 billion in assets under custody as of June 30, 2025. The Palo Alto-based firm serves more than 4,600 institutional clients and 1.1 million users across…
BTC.D stabilizes near 58% after testing major demand zone Bitcoin dominance (BTC.D), which tracks Bitcoin’s share of the overall crypto market capitalization, is currently hovering around 57.9%, showing signs of stabilization after testing a strong demand zone highlighted on recent technical charts. The chart indicates that Bitcoin dominance has rebounded multiple times from the 57% support region, marked in green. This level has historically served as a strong base where buyers defend against further downside. Analysts note that holding this level could signal renewed strength for Bitcoin relative to altcoins. “The 57% dominance area remains a crucial support,” BITX market strategist…
Lower volatility could benefit large investors but dampen retail excitement Bitcoin’s latest market cycle is showing signs of maturity as institutional investors ramp up their presence, according to remarks from MicroStrategy executive chairman Michael Saylor. While this shift could strengthen the digital asset’s long-term appeal, it may also reduce the thrill that has historically attracted retail traders. Speaking in a recent interview, Saylor explained that a decline in volatility is necessary for mega institutions to feel confident about allocating capital at scale. He described this shift as both a natural and positive part of Bitcoin’s evolution, even though it could…
JPMorgan executive tapped as co-chair alongside Franklin Templeton The Commodity Futures Trading Commission (CFTC) has expanded its engagement with the digital asset industry by appointing new members to its Digital Asset Markets Subcommittee (DAMS) under the Global Markets Advisory Committee. The move highlights the regulator’s effort to bridge traditional finance (TradFi) with the rapidly evolving decentralized finance (DeFi) ecosystem. Key Appointments Acting CFTC Chair Caroline D. Pham confirmed four new members joining DAMS: Additionally, Scott Lucas, Head of Digital Assets at JPMorgan, has been appointed co-chair of DAMS alongside Sandy Kaul, Executive Vice President at Franklin Templeton. They succeed Caroline…
Stablecoin regulation moves closer as stakeholders weigh in The US Department of the Treasury has officially opened a second public comment period on the GENIUS Act, a landmark bill regulating payment stablecoins in the United States. Signed into law by President Donald Trump in July 2025, the Act is now moving toward its regulatory phase as the Treasury and Federal Reserve work to finalize rules. Second Round of Comments According to Thursday’s notice, the Treasury is inviting stakeholders to submit concerns and recommendations on the advance notice of proposed rulemaking (ANPR). The new 31-day window follows an initial comment period…
Creditors set to receive third tranche of reimbursements as recovery process continues The FTX Recovery Trust will unlock $1.6 billion for creditors on September 30, marking the third round of distributions since the collapse of the crypto exchange in 2022. According to Friday’s announcement, recipients should see the funds credited to their accounts within three business days of the scheduled payout. Breakdown of the September Payout The September disbursement will vary across claim categories: This round follows earlier distributions, including $1.2 billion in February and $5 billion in May, as part of the trust’s commitment to return up to $16.5…
Meme coin struggles to maintain momentum after testing key supply zone BONK, one of the leading Solana-based meme coins, has pulled back sharply, registering a 7% decline in the last session. The drop comes after the token tested a critical resistance area near 0.00002500 USDT, where sellers stepped in to cap further upside. Despite the pullback, the broader structure still reflects significant volatility as traders weigh support and resistance levels. The 4-hour chart shows BONK’s recovery from its July lows, when the price bounced off the 0.00001800 support zone, a level that has repeatedly acted as a demand base. The…