This week in crypto saw mixed market momentum, with Ethereum leading gains, while Polkadot and BONK faced localized sell-offs. Broader market sentiment wavered between optimism and caution, driven by on-chain data, regulatory signals, and institutional activity. Ethereum Maintains Bullish Momentum Despite Euphoria Warnings Ethereum (ETH) gained over 50% in the past 30 days, briefly touching $3,750, supported by tight supply, rising institutional interest, and treasury accumulation from firms like SharpLink Gaming. However, analysts flagged “extreme euphoria” in social media sentiment as a potential red flag for a short-term correction. Still, low memecoin dominance and absence of broad speculative excess suggest…
Author: Blockto Team
Polkadot’s native token, DOT, continues to face bearish pressure despite repeated attempts at short-term recovery. The asset has been caught in a tight trading range between $3.87 and $4.11, highlighting a market in search of direction amid broader crypto weakness. DOT Trades in Narrow Range as Crypto Market Declines Over the past 24 hours, DOT declined by approximately 1.9%, slipping to around $3.94 in line with a 3% drop in the broader crypto index. This tight trading band — spanning just $0.24 — reflects a 6% range between intraday high and low, indicating low volatility but persistent selling pressure. Despite…
Dragonfly Ventures, a prominent crypto-focused investment firm, may soon face legal action from the U.S. government over its early financial backing of Tornado Cash, a decentralized crypto-mixing protocol embroiled in regulatory controversy. U.S. Government Considers Legal Action Over 2020 Investment In a public statement on X, Dragonfly co-founder Haseeb Qureshi confirmed that federal authorities have stated in open court they are considering charges against the firm. The charges would relate to Dragonfly’s August 2020 investment into PepperSec, Inc., the developers behind Tornado Cash. “We made this investment because we believe in the importance of open-source privacy-preserving technology,” Qureshi said. The…
In a rare personal reflection, Ripple’s Chief Technology Officer, David Schwartz, shared a moment from his past that he now views with regret — his decision to censor the late Ozzy Osbourne during a fan Q&A event long before his blockchain days. How a Tech Glitch Led to Faked Fan Questions At the time, Schwartz was working at a company called WebMaster, where he was tasked with conducting an online fan session using early internet relay software. While the idea was to connect fans directly with rock legends, the reality fell short. Schwartz confessed he used pre-written questions for the…
The Solana-based memecoin BONK experienced heightened volatility in the last 24 hours, falling 6% from its recent peak after large-scale exchange wallet movements overwhelmed bullish momentum from a major token burn announcement. Massive Token Burn Sparks Early Surge BONK began the session with bullish momentum, rallying to $0.00003763 following the announcement of a 500 billion token burn. This aggressive supply reduction initially sparked strong buying interest, with speculative traders piling in expecting a sustained uptrend. The initial rally was driven by deflationary sentiment, as token burns typically reduce circulating supply and increase scarcity. Exchange Transfers Trigger Price Reversal However, the…
Ethereum (ETH) is gaining traction once again, with some analysts forecasting a bold $9,000 target by early 2026. This surge in optimism stems from a mix of onchain strength, technical indicators, and a tightening supply picture that supports a strong bull case for the world’s second-largest cryptocurrency. Ethereum’s Technical Setup Suggests More Upside After gaining 50% in just two weeks, Ethereum recently reclaimed the $3,700 level. Yet, it still trades nearly 23% below its all-time high. Technical analysts believe the market may be preparing for its next major breakout. One popular model, Elliott Wave analysis, suggests that ETH is currently…
Investor interest in XRP and Solana is heating up as ETF speculation and regulatory clarity drive fresh momentum into the market. Both tokens are experiencing renewed institutional attention, signaling a shift in sentiment that could send prices significantly higher in the near term. XRP Poised for $4 as Legal Clarity Fuels ETF Hopes Analysts are increasingly bullish on XRP, projecting that the token could reach $4 in the coming weeks. This optimism follows Ripple’s partial legal victory earlier this year, which helped rebuild confidence in XRP’s long-term viability in U.S. markets. XRP briefly broke above $3.60 before pulling back to…
El Salvador once positioned itself as a global leader in crypto adoption by becoming the first country to make Bitcoin legal tender. However, recent policy changes under an International Monetary Fund (IMF) loan agreement are raising concerns about whether this ambitious initiative is truly benefiting its citizens. Bitcoin Is No Longer Legal Tender In early 2025, El Salvador repealed Bitcoin’s legal tender status as part of the conditions for securing a new loan from the IMF. This shift has effectively paused state-led adoption efforts, according to Quentin Ehrenmann, general manager at the NGO My First Bitcoin. BTC Accumulation Without Public…
The crypto market witnessed a sharp correction this week, with XRP, Dogecoin (DOGE), and Solana (SOL) leading losses among major altcoins. While Bitcoin (BTC) and Ethereum (ETH) posted only mild declines, the altcoin sector saw intensified selling pressure as leveraged positions unwound. Altcoin Leaders Drop Over 10% From Weekly Highs In the past 48 hours, XRP fell to $3.14, DOGE to $0.236, and SOL dropped over 12%, following their mid-week highs. From Wednesday’s peak, XRP and DOGE plunged roughly 18%, while SOL slipped nearly 12%, reflecting broad weakness in speculative tokens. The CoinGlass Altcoin Season Index dropped from 59 to…
Digital banking platform Revolut has reintroduced crypto staking services in Hungary, marking a significant reversal after a brief suspension triggered by new national legislation earlier this month. The move follows a careful legal review, allowing the company to offer staking without violating local compliance standards. Crypto Services Were Initially Halted On July 7, Revolut paused most of its crypto services in Hungary in response to a new law that criminalized operations involving unlicensed crypto platforms. The regulatory shift prompted concern across the industry, especially as customers were temporarily unable to access core services like trading and staking. “The revised law…