Internet Computer (ICP) faced a sharp intraday reversal after reaching its recent high of $5.76, with price action turning bearish amid heavy selling pressure. Despite the technical rejection, the project continues to dominate development rankings across the entire crypto ecosystem. ICP Faces Strong Rejection Near Resistance After rallying from an intraday low of $5.28, ICP surged to $5.76, testing a well-defined resistance level. The bullish momentum quickly faded, triggering a sell-off that pushed the price down to $5.59. According to on-chain volume data, 897,725 tokens were exchanged during the upward move — well above daily averages, indicating strong interest from…
Author: Blockto Team
XRP faced a sharp 14% decline this week, as the market reacted to large transactions traced back to Ripple co-founder Chris Larsen. The sell-off comes just days after XRP surged to a multi-year high of $3.64, its highest price since 2021. $175 Million in XRP Moved—$140M Sent to Exchanges Between July 17 and July 24, a wallet linked to Larsen moved 50 million XRP, worth an estimated $175 million. Of that, $140 million was transferred to centralized exchanges, according to blockchain investigator ZachXBT. Such movements are widely seen as signals of potential liquidation, as tokens are generally not stored on…
In a rare reversal of market dynamics, spot Ether exchange-traded funds (ETFs) have outperformed Bitcoin ETFs for six straight trading days, reflecting a strong institutional pivot toward Ethereum. Institutional Inflows Into Ether ETFs Hit $2.4 Billion Over the past six trading sessions, Ether ETFs recorded a net inflow of $2.39 billion, significantly outpacing the $827 million seen by Bitcoin ETFs in the same period. This shift marks a rare instance where Ethereum is leading Bitcoin in institutional investment demand. BlackRock’s iShares Ethereum ETF (ETHA) led the inflow, accounting for nearly 75% of total Ether ETF investments. ETHA witnessed $1.79 billion…
Polkadot’s native token, DOT, demonstrated resilience on July 24, rebounding sharply after a 7% intraday plunge, which was met by heavy institutional buying interest. The recovery signals potential bullish momentum amid broader market volatility. DOT Price Recovery Signals Buyer Confidence After falling from $4.18 to a low of $3.91, DOT bounced back to close at $4.08, according to technical data. This recovery was confirmed by high trading volume, suggesting that sell pressure was largely absorbed by buyers. The 24-hour trading window showed significant volatility, with DOT oscillating between $3.91 and $4.20, a range of 7%. The strong close near the…
A U.S. federal judge has advised against allowing Logan Paul to shift responsibility for the failure of his NFT project, CryptoZoo, onto his co-founders. The development marks a key turn in the ongoing legal battle involving disappointed investors in the high-profile crypto initiative. CryptoZoo Lawsuit Moves Forward Despite Paul’s Motion In a recent court recommendation, Texas Magistrate Judge Ronald Griffin urged the court to reject Paul’s motion to enter a default judgment against CryptoZoo co-founders Eduardo Ibanez and Jake Greenbaum. The two have not responded in court, but the judge stressed that granting Paul’s request could create inconsistent legal outcomes.…
XRP’s price plunged 8% in a 24-hour span, shaken by a wave of long liquidations and rising concerns over ETF delays. The sharp moves reflect the market’s increasing sensitivity to leverage, regulation, and profit-taking pressures. Massive Liquidations Trigger XRP Price Drop In the trading session from July 24 to July 25, XRP dropped from a high of $3.26 to a low of $2.96, marking a steep 7.85% intraday swing. According to on-chain metrics, over $105 million in long positions were wiped out, contributing to the price collapse. A liquidation event of this size signals over-leveraged positioning in the derivatives market.…
A major Bitcoin investor has made a high-stakes bet on BTC reaching $200,000 by December 2025, signaling deep institutional confidence in the ongoing crypto market cycle. Whale Opens $23.7M Bullish Call Spread Recent data from the options market revealed that a large-scale Bitcoin whale executed a $23.7 million bull call spread, anticipating a major rally over the coming months. The strategy involved purchasing 3,500 BTC December $140K call options, while simultaneously selling the same number of $200K call options. This options structure is designed to profit if Bitcoin trades above $140,000 and up to $200,000 before expiration. The net debit…
In a bold strategic move, BitMine Immersion Technologies has purchased over $2 billion worth of Ethereum (ETH) in just over two weeks, rapidly becoming the largest corporate holder of Ether. The acquisition highlights rising institutional interest in Ethereum as a long-term treasury reserve. BitMine Targets 5% of Ethereum Supply BitMine confirmed it acquired 566,776 ETH, valued at more than $2.03 billion, over the past 16 days. The firm aims to acquire and stake at least 5% of Ethereum’s total circulating supply, which equates to approximately 6 million ETH. This would require an investment exceeding $22 billion at current prices, giving…
Bitcoin (BTC) slipped over 2.5% to $115,170 early Friday, breaking below its short-term range and dragging the broader crypto market lower — just as the Dow Jones Industrial Average approached a critical resistance level. BTC Breaks Below $116K–$120K Range After nearly two weeks of sideways action, Bitcoin confirmed a bearish breakdown, sliding below its $116,000–$120,000 consolidation zone. The decline marks the lowest BTC price since July 10, signaling weakness in bullish momentum. Technical indicators suggest a potential revisit to the $111,956 level — a May high that now acts as possible support. This drop comes amid rising uncertainty in macro…
The U.S. government’s case against Roman Storm, co-developer of Tornado Cash, has taken a controversial turn — prompting concerns from the global crypto and tech communities over whether open-source developers can be held criminally liable for how others use their code. Government Closes Arguments After 8 Days of Testimony On Thursday, federal prosecutors officially rested their case in the Manhattan trial of Roman Storm. Over the course of eight trial days, they argued that Storm knowingly enabled money laundering and sanctions evasion by continuing to support the Tornado Cash protocol, despite being aware of its use by criminal organizations, including…