Author: Blockto Team

Binance Coin Extends Rally With Strong Technical Momentum Binance Coin (BNB/USDT) surged to a new all-time high (ATH), trading just below the $1,000 mark, as bullish momentum continued to drive the asset higher. The latest breakout highlights BNB’s strong uptrend, supported by rising trading volumes and sustained buying pressure across the market. On the daily chart, BNB has formed a steep ascending channel, with price action breaking above key resistance zones around $870–$920. The breakout has turned these areas into immediate support levels, strengthening the coin’s technical outlook. Analysts point to strong accumulation over the past two months as a…

Lower-than-expected filings point to continued labor market resilience despite economic headwinds The latest U.S. jobless claims report revealed that 231,000 Americans filed for unemployment benefits, down from the previous week’s 263,000 and below market expectations of 241,000. This decline highlights a stronger-than-anticipated labor market, signaling that employers remain cautious about cutting staff even as growth indicators show signs of moderation. Labor Market Strength Surprises AnalystsThe fresh numbers reflect an improvement in labor conditions, with claims returning closer to levels seen earlier in the summer. Analysts note that the drop of more than 30,000 claims compared to last week suggests continued…

Technical breakout hints at renewed upside momentum for XRP XRP surged nearly 3% in the latest trading session, pushing its price back above the $3.09 level against Tether (USDT). The move comes as traders closely monitor technical patterns suggesting a potential bullish continuation if XRP manages to clear overhead resistance. The chart shows XRP recovering strongly from the $2.80 support zone, where buyers stepped in to halt a recent correction. A breakout from the earlier descending channel pattern in June triggered a sharp rally, with the token reaching as high as $3.80 before encountering profit-taking. Currently, XRP faces a major…

Solana bulls eye $250 breakout while major supply zone looms Solana (SOL) posted a 4% surge, lifting its price toward the $245–$250 range, where a critical resistance level is now being tested. The move has strengthened bullish sentiment, but traders caution that the next few sessions will be decisive in determining whether Solana can break higher or face rejection at this supply zone. On the daily chart, Solana has been in a steady uptrend since reclaiming support near $120 in June. After consolidating between $180 and $200, the breakout in September has pushed SOL closer to multi-month highs. The chart…

Strong revenue, BitLicense approval, and upbeat outlook fuel investor confidence Crypto exchange Bullish (BLSH) reported stronger-than-expected second-quarter results, lifting its stock price in both regular and after-hours trading. The company’s first earnings release since going public exceeded Wall Street estimates and highlighted growing momentum in trading activity. Earnings surpass expectations Bullish posted $57 million in Q2 revenue, ahead of analyst forecasts of $55.75 million. Earnings came in at $0.93 per share, well above expectations of a $0.06 loss, according to Zacks. The exchange also swung to profitability, reporting net income of $108.3 million, compared to a loss of $116.4 million…

Growing curiosity in decentralized finance reflects frustration with traditional banking A new survey reveals that more than 40% of Americans are open to trying decentralized finance (DeFi) if Congress passes legislation providing clear regulatory guidelines. The findings highlight both a growing awareness of crypto-based alternatives and widespread dissatisfaction with the traditional banking system. Americans show interest in DeFi under legal clarity The poll, conducted in late August with over 1,300 U.S. adults, found that 42% said they would be likely to use DeFi if new laws were enacted. Of that group, 9% described themselves as “extremely or very likely,” while…

DOGE price faces rejection near $0.0027 while bulls try to protect major support levels Dogecoin (DOGE) is retracing after a brief 4% surge that lifted the popular memecoin back toward the $0.0027 resistance zone. Despite strong buying volume earlier this week, the rally stalled as sellers re-entered the market, keeping DOGE confined within its broader downtrend. The chart shows DOGE recovering from the $0.0023–$0.0024 support area, highlighted in green, where bargain hunters provided a temporary floor. That bounce carried the token into a supply zone between $0.0027–$0.0030, but momentum faded quickly, leading to the current pullback. “DOGE is still struggling…

Criticizing Bitcoin’s non-yielding nature reflects “Western financial privilege” The ongoing debate between Bitcoin and Ethereum as long-term investment assets continues to divide traditional and crypto-native investors. While Ethereum’s proof-of-stake model allows holders to earn staking rewards, macro analyst Luke Gromen argues that Bitcoin’s lack of native yield is a feature, not a flaw. Yield means risk Speaking on the Coin Stories podcast, Gromen pushed back against critics who dismiss Bitcoin because it doesn’t generate yield. “If you’re earning a yield, you are taking a risk,” he said. He described yield-chasing behavior as a form of “Western financial privilege,” noting that…

Key resistance levels in focus as Ethereum reclaims $4,500 Ethereum (ETH) is showing renewed bullish momentum after rebounding from recent lows, with the price climbing back toward the $4,600 zone. Traders are now closely monitoring whether ETH can overcome critical resistance levels to set up a push toward the $4,700–$4,900 range. On the 4-hour chart, Ethereum has broken free from its short-term downtrend, reclaiming strength above the $4,500 mark. The chart highlights multiple support zones, with buyers stepping in strongly near $4,300 to prevent a deeper correction. The immediate resistance sits between $4,650 and $4,700, a supply zone that has…

Tokenized trading and lending services arrive on the XRP Ledger for institutional investors DBS, Franklin Templeton, and Ripple have entered into a strategic partnership to introduce tokenized trading and lending solutions built on the XRP Ledger. The initiative is designed to meet the growing demand from institutional investors for regulated, on-chain products that combine stability, efficiency, and liquidity. Tokenized securities and stablecoin integration Under a newly signed memorandum of understanding (MOU), the three firms will launch trading between Ripple USD (RLUSD) and sgBENJI, a tokenized version of Franklin Templeton’s U.S. Dollar Short-Term Money Market Fund. Both assets will be listed…