High Volume and Rejection at Resistance Sends BONK Into Decline The Solana-based meme coin BONK experienced a sharp decline over the last 24 hours, falling 8.4% to $0.0000345. The token initially showed signs of recovery, rising to an early high of $0.000038, but that move quickly reversed as strong resistance at that level triggered a wave of institutional selling. Volume spiked to 2.16 trillion tokens, far exceeding the average daily trading volume of 1.46 trillion. This surge in activity, combined with consistent sell-side dominance, confirmed a market shift from accumulation to distribution. BONK is now trading below its key resistance…
Author: Blockto Team
Legacy Altcoins Ignite with Massive Gains as Capital Rotates from Bitcoin In a surprise market shift, Ethereum Classic (ETC), Bitcoin Cash (BCH), Dogecoin (DOGE), and other so-called “dinosaur coins” have surged, sparking renewed interest in the altcoin season. These legacy digital assets—most of which debuted before 2017—are rallying strongly on the back of increased trading volume, leverage, and renewed retail participation. The rally follows Bitcoin’s consolidation near all-time highs, encouraging capital rotation into older altcoins. ETC’s daily trading volume spiked 212%, reaching $756 million. This indicates genuine interest backed by liquidity, rather than just speculative noise. Dogecoin, Litecoin, and Bitcoin…
ETH Coinbase Premium Turns Positive, Signaling Institutional Accumulation Ethereum (ETH) has surged above the $3,600 mark, registering its strongest price rally since April. This recent growth is being driven by institutional interest, especially from U.S.-based investors, as shown by the emergence of a positive ETH/Coinbase premium — a reliable indicator of professional market participation. The ETH/Coinbase premium reflects the price difference between ETH on Coinbase (often used by U.S. institutions) and Binance (more retail-focused). A positive premium suggests strong buying pressure from U.S. entities. Ethereum Spot ETFs Record Highest Daily Inflows Alongside price movement, Ethereum’s appeal to institutions is evident…
Massive BTC Transfer Raises Correction Concerns Among Investors A dormant Bitcoin whale from the Satoshi-era has re-emerged after 14 years, transferring over $9.6 billion in BTC, sparking widespread speculation of a potential market correction. The transaction coincides with the passing of the GENIUS Act, which introduces new audit requirements for stablecoins in the United States, raising uncertainty among crypto holders and institutions. The wallet, originally funded in 2011 when BTC was under $30, saw a more than 2.4 million percent return on its holdings. While the reason behind the transfer remains unclear, analysts suggest a connection between the move and…
In a significant development for the crypto industry, SEC Chair Paul Atkins revealed that the agency is exploring an “innovation exemption” within its regulatory framework to encourage the tokenization of real-world assets. The move is designed to allow new trading mechanisms and provide targeted regulatory relief to accelerate the adoption of blockchain-based financial systems. This approach marks a major departure from the enforcement-heavy stance under former Chair Gary Gensler. The proposal aligns with broader legislative momentum seen in the recent passage of the GENIUS Act, a bill aimed at clarifying crypto regulations in the U.S. GENIUS Act Passes, Paving Way…
BNB Breaks Key Resistance Amid Market-Wide Momentum The price of BNB has climbed steadily over the past few days, breaking through a crucial resistance zone to briefly top $748, before consolidating just below $740. This recent surge reflects strong investor confidence as broader crypto market capitalization exceeds $4 trillion for the first time. This milestone marks a significant psychological breakthrough for the market, and BNB’s performance is closely tied to the strength of Binance, the exchange platform where the token originated. Binance Commands Over 35% of Global Market Share in Q2 In the second quarter of 2025, Binance maintained its…
DeFi Development Launches Global Treasury Accelerator with Institutional Support DeFi Development Corp., a publicly listed corporate Solana (SOL) treasury firm, has announced the launch of the DFDV Treasury Accelerator, a global initiative designed to scale Solana investment through a franchise-based model. The move comes with institutional backing from Kraken, Pantera Capital, and other major crypto venture firms. What Is the DFDV Treasury Accelerator? The newly launched DFDV Treasury Accelerator aims to establish regional SOL treasuries across the globe. This is a strategic shift from centralized treasury models and will enable faster global deployment of capital, validator infrastructure, and fundraising capabilities.…
Stronger Greenback Puts Pressure on Risk Assets Like Bitcoin The U.S. dollar index (DXY) has rebounded by 1.40% from a multi-year low, raising questions about the currency’s trajectory amid shifting economic data and global market jitters. While this bounce is technically significant, analysts caution against expecting a long-term bullish trend. The index currently stands at 98.30, up from a recent low of 96.37, marking its first back-to-back weekly gain since May. “This is a technical correction — not the start of a new uptrend,” says Marc Chandler, chief strategist at Bannockburn Capital. Short-Term Tailwinds: Strong U.S. Data and Rising Rates…
FTX Bankruptcy Case Raises Alarms Over International Creditor Rights The upcoming U.S. bankruptcy court ruling on the FTX estate’s motion to withhold payouts to creditors in “restricted jurisdictions” — including China, Saudi Arabia, and 47 other countries — has drawn global scrutiny. The decision, expected this week from the Delaware bankruptcy court, could affect billions in claims and reshape how offshore exchanges handle insolvencies. More than 40 formal objections have already been filed, with some estimates suggesting the real number exceeds 69 objections, mostly from Chinese creditors. What Are “Restricted Jurisdictions” and Why It Matters The FTX estate motion proposes…
Shane Donovan Moore, a former professional rugby player, has been sentenced to 2.5 years in U.S. federal prison for running a fraudulent crypto mining operation that scammed investors out of more than $900,000. According to the U.S. Department of Justice, Moore operated a company called Quantum Donovan LLC between January 2021 and October 2022. He convinced over 40 investors to pour funds into what he described as a lucrative cryptocurrency mining venture, promising daily returns of 1%—a classic red flag in Ponzi-style frauds. But instead of investing in crypto mining hardware as promised, Moore diverted the money for personal use.…