NEAR rallies toward $3.00 with strong momentum, but faces heavy selling pressure ahead NEAR Protocol (NEAR) surged over 7%, pushing its price close to the $2.92–$3.00 mark, as bullish momentum drove the token into a crucial resistance zone. The rally reflects improving sentiment in altcoins ahead of the upcoming Federal Reserve decision, with traders closely watching whether NEAR can break above its recent supply levels. The chart shows NEAR breaking higher from the $2.60–$2.70 support area, where buying demand repeatedly cushioned declines earlier this month. From that base, the token rallied sharply, reclaiming the $2.80 pivot and moving into a…
Author: Blockto Team
Crypto stunt draws attention to Trump’s pro-Bitcoin stance amid Fed rate cut A group of memecoin enthusiasts erected a 12-foot golden statue of President Donald Trump holding a Bitcoin near the US Capitol this week, turning heads in Washington, DC. The spectacle was organized by livestreamers on the platform Pump.fun and positioned on the National Mall, just opposite Union Square. Tribute to Trump’s crypto advocacy Organizers described the installation as a tribute to Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” The stunt comes as Trump has become increasingly vocal about his support for…
Hyperliquid leads altcoin rally while Binance-linked Aster gains attention Hyperliquid’s native token HYPE surged to an all-time high this week, underscoring the growing momentum in decentralized derivatives exchanges. The token closed near $60 after an 8% daily gain, briefly touching $59.29 in early trading. With a market capitalization just shy of $16 billion, HYPE has climbed almost 40% over the past month, far outpacing major cryptocurrencies such as Bitcoin, Ether, and XRP. Rising demand for decentralized futures trading Hyperliquid is a derivatives-focused decentralized exchange specializing in perpetual futures, contracts that allow traders to take leveraged positions without an expiry date.…
BTC tests key resistance as traders eye FOMC rate cut Bitcoin surged past $117,000, testing a critical resistance zone just days before the U.S. Federal Reserve announces its latest interest rate decision. The move has fueled optimism among traders that the largest cryptocurrency could attempt another breakout if bullish momentum continues. The chart shows BTC breaking out of a descending channel, reclaiming higher ground after finding strong support near the $109,000–$110,000 region. The latest rally brought prices directly into a major supply zone around $117,000–$118,000, where selling pressure has historically capped upside moves. “This breakout is significant because it invalidates…
Armstrong calls crypto legislation a “freight train” gaining unstoppable momentum The debate over U.S. crypto regulation is accelerating, with Coinbase CEO Brian Armstrong voicing strong confidence that the Digital Asset Market Clarity Act will move forward in Congress. During meetings in Washington, Armstrong said he has “never been more bullish” on the legislation after seeing bipartisan backing from both Senate and House lawmakers. The bill aims to clearly define the roles of agencies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing digital assets. Strong bipartisan push for regulatory clarity “The Senate is…
German watchdog’s license extension strengthens institutional access to digital assets BitGo, a leading digital asset infrastructure firm with over $100 billion in assets under custody, has received approval from Germany’s Federal Financial Supervisory Authority (BaFin) to expand its services in Europe. The license extension allows BitGo Europe to offer trading alongside custody, transfer, and staking services, marking a major step in regulated crypto market access. BitGo Expands Services Under BaFin Oversight The new authorization builds on BitGo’s earlier Markets-in-Crypto-Assets (MiCA) license, granted in May 2025, which enabled custody and staking solutions. With this extension, institutional clients can now access over-the-counter…
Partnership aims to strengthen UK’s artificial intelligence infrastructure Nvidia has announced a reported $683 million investment in Nscale, an AI infrastructure company spun off from UK-based crypto miner Arkon Energy. The move underscores both Nvidia’s growing role in powering artificial intelligence globally and the UK government’s ambition to position itself as a leader in next-generation technologies. Nvidia Partners with Nscale for AI Growth The investment will enable Nscale to expand its data centers and scale the UK’s capacity to 60,000 GPUs by 2026, according to Bloomberg. Nvidia CEO Jensen Huang emphasized that this expansion is part of the company’s mission…
New framework expected to accelerate approvals for Solana, XRP, and other digital asset funds Introduction The U.S. Securities and Exchange Commission (SEC) has approved a new set of generic listing standards aimed at expediting the approval process for spot crypto exchange-traded funds (ETFs). The move could significantly shorten timelines for new products tied to cryptocurrencies such as Solana, XRP, Litecoin, and Dogecoin, which are currently awaiting decisions. Faster Path for Digital Asset ETFs The decision allows exchanges including Nasdaq, NYSE Arca, and Cboe BZX to list crypto ETFs without requiring each filing to undergo a lengthy case-by-case review. This streamlining…
BTC Faces Resistance as Market Reacts to Fed Policy Outlook Bitcoin (BTC) slipped below $115,000 following the latest U.S. Federal Reserve policy update, as traders weighed the implications of tighter monetary conditions. The largest cryptocurrency is currently trading around $114,983, down 1.57% on the day, showing signs of hesitation after last week’s strong rebound. On the daily chart, BTC had been moving within a descending channel before briefly breaking out above resistance. However, the move stalled as sellers stepped in near the $120,000 supply zone, highlighted in red. The failure to secure a close above this region pushed prices back…
First Rate Cut of 2025 Signals Policy Shift Amid Slowing Economy The U.S. Federal Reserve lowered its benchmark interest rate to 4.25% at its September meeting, marking the first cut of 2025 and aligning with market forecasts. The move follows months of mixed economic data, with officials signaling caution as they balance slowing growth against persistent inflation risks. The rate cut of 25 basis points, down from the previous 4.50%, was widely expected by traders and economists. Analysts say the decision highlights the central bank’s readiness to provide support as consumer demand cools and labor market data points to gradual…