Polygon’s native token, POL (formerly MATIC), posted a 2.8% gain over the last 24 hours, outperforming the broader crypto market as trading volume soared to unusually high levels. The move reflects rising investor interest and institutional activity, fueled by technical momentum and anticipation of a major network upgrade. Strong Technical Support Lifts Price to $0.189 Over the past day, POL climbed from $0.184 to $0.189, recording a 4.28% trading range. Analysts noted multiple support zones forming between $0.183 and $0.184, where buyers consistently re-entered the market. This support consolidation provided the base for a move above $0.187 resistance, which had…
Author: Blockto Team
Federal Reserve Chair Jerome Powell is facing unprecedented political pressure as criticism mounts over his interest rate policy and overall leadership of the central bank. With his current term set to expire in May 2026, questions are now being raised about whether Powell can complete his tenure amid increasing calls for his resignation. Political Pressure Intensifies From Trump Administration In recent weeks, a coordinated wave of criticism has emerged from President Donald Trump, Treasury Secretary Scott Bessent, and other administration allies. The main charge: Powell’s refusal to cut interest rates is hurting economic growth and delaying recovery in sensitive markets,…
FLOKI, the popular memecoin, posted an explosive 12.1% gain over the last 24 hours, propelled by a massive surge in trading volume and strong technical momentum. The price move has caught the attention of traders and analysts alike, potentially signaling a bullish breakout supported by institutional interest. FLOKI Volume Explodes to Five Times Average During the trading session ending July 8 at 16:00 UTC, FLOKI’s volume spiked to an astounding 274.1 billion tokens, nearly five times its 24-hour average of 58.4 billion. This volume surge marked one of the largest intraday accumulation events for FLOKI in recent months, lending strong…
The United States Treasury has imposed sanctions on a North Korean-operated IT worker ring accused of infiltrating crypto and tech firms to fund the country’s ballistic missile program. The move underscores a growing threat in the digital asset space: state-sponsored cyber deception rather than traditional hacking. Deceptive Infiltration Replaces Overt Hacks Unlike the notorious high-profile hacks previously associated with North Korea’s Lazarus Group, new evidence suggests a tactical shift. According to blockchain analytics, North Korean-linked actors are increasingly relying on long-term deception—using fake identities and job applications to gain employment within legitimate tech and blockchain companies. This deception-based revenue generation…
Internet Computer (ICP) delivered a confident recovery on Tuesday, gaining 1% intraday as price action confirmed $4.72 as a critical support level. The rebound comes amid heightened trading activity and renewed buyer interest, positioning ICP for potential upside continuation. $4.72 Becomes a Key Support Level After early weakness in the European session, ICP found firm footing near the $4.72 mark, where increased trading volume and aggressive buy pressure signaled a shift in sentiment. This level has now emerged as a high-conviction support zone, offering a strong base for potential bullish follow-through. The sustained bounce from intraday lows and price stabilization…
NEAR Protocol demonstrated impressive resilience during a volatile trading session, gaining 3% in the 24 hours ending July 8 at 14:00 UTC. The rally was driven by strong technical support at the $2.13 level, where buyers consistently stepped in to defend price action. Key Support at $2.13 Triggers Bullish Momentum During the early hours of the session, NEAR dipped to a low of $2.12, testing the crucial $2.13 support zone. However, this level attracted significant accumulation, as volume surged to 2.55 million units traded between 01:00 and 02:00 UTC. This buying pressure resulted in a swift price recovery, confirming $2.13…
In a decisive move ahead of the high-profile trial of Tornado Cash developer Roman Storm, the presiding federal judge has ruled that the verdict in the Van Loon v. Department of Treasury case will not be allowed as evidence or discussion during trial proceedings. “The words ‘Van Loon’ are not going to show up in this trial,” stated District Judge Katherine Polk Failla during a recent status hearing in Manhattan, making it clear that the ruling in the Van Loon case will play no role in Storm’s legal defense. What Is the Roman Storm Trial About? Roman Storm is one…
Bitcoin (BTC) is currently trading just above $108,800, maintaining a narrow range as investors await a decisive market catalyst. While the digital asset sits close to its multi-month high, the overall sentiment appears cautious, driven by declining volumes and shifting investor focus. Institutional Inflows Slow Despite High MVRV Ratios Recent on-chain data reveals that spot trading volumes for Bitcoin are notably below historical averages, suggesting a lack of retail momentum. Additionally, Exchange-Traded Fund (ETF) inflows have declined significantly from recent peaks, indicating that institutional participation is cooling off. One key metric—Market Value to Realized Value (MVRV)—remains elevated, which typically signals…
Sequans Communications, a France-based wireless chipmaker, saw its shares soar 35% following the announcement of a $384 million private capital raise aimed at significantly increasing its Bitcoin (BTC) treasury holdings. Bitcoin Treasury Strategy Gains Momentum In a bold strategic pivot, Sequans will allocate the majority of the funds raised toward Bitcoin, positioning the digital asset as a core treasury reserve. The funding round included a mix of American Depositary Shares (ADS), warrants, and convertible debentures, reflecting a diversified financing approach to support the move. This decision marks Sequans’ official entry into the growing circle of public companies leveraging Bitcoin as…
BNB, the native token of Binance Smart Chain, remained stable within a tight $5.73 range, signaling market caution as investors digested recent U.S. trade developments. Over the past 24 hours, the token fluctuated between $656.83 and $662.61, reflecting muted volatility of just 0.87%. Market Reaction to Trump’s Tariff Announcement This consolidation came amid broader market sensitivity to geopolitical events, particularly after U.S. President Donald Trump threatened higher tariffs on imports from 14 major trading partners, including Japan and South Korea. The proposed tariff hike, set to take effect on August 1, has introduced a layer of uncertainty that is impacting…