Dogecoin (DOGE) is showing signs of resilience after a sharp 5% intraday drop, holding firm above the critical $0.160 support level as bulls defend a multi-week price floor. Despite macro-driven market volatility, the memecoin has stabilized near $0.163, with volume spikes hinting at potential accumulation and base-building. Key support: $0.160Key resistance: $0.170–$0.175Watch level: $0.163 – Potential base DOGE Defends Key Support at $0.16 On July 5, Dogecoin experienced a steep decline from $0.170 to $0.161, closing the day near $0.163 — a 5.36% loss. However, the decline was met with significant buying activity at the $0.162 level, where trading volume…
Author: Blockto Team
Robinhood Launches 24/7 Tokenized Stock Trading via Ethereum-Compatible Chain Robinhood’s latest push into tokenized assets could pose a significant threat to traditional exchanges like the New York Stock Exchange (NYSE). The firm recently unveiled plans to launch “Robinhood Chain,” an Ethereum-compatible Layer-2 blockchain on Arbitrum Orbit, which will support 24/7 trading of tokenized stock derivatives. At the EthCC conference, Robinhood CEO Vlad Tenev shared that the new chain will mint tokenized “wrappers” for real-world stocks, enabling near-instant settlement and self-custody options. Initially launching with 24/5 trading, the platform plans to move to full 24/7 stock trading — a model that…
The XRP market is heating up, fueled by Ripple’s strategic moves toward regulatory integration, including a U.S. national bank license application and speculation around a potential XRP ETF. Despite short-term volatility, traders and analysts are eyeing a long-term price target of $10, supported by growing institutional interest and central bank digital currency (CBDC) initiatives. XRP Holds Key Support as Price Consolidates In the past 24 hours, XRP dipped 1.07%, falling from $2.243 to $2.219. However, it remains structurally bullish, forming higher lows above the crucial $2.20 support level. Traders see this as a consolidation phase following recent gains. Strong buyer…
Crypto Exchange Users Face Account Freezes from Compliance System In a recent development, OKX users experienced sudden account freezes triggered by the platform’s internal compliance system. The issue arose from “false positives”, where legitimate users were mistakenly flagged as risky due to automated compliance checks. These users were locked out of their funds despite completing extensive Know Your Customer (KYC) verification procedures. OKX CEO Addresses the False Positives OKX founder and CEO Star Xu publicly apologized for the inconvenience caused to users. He admitted that false positives remain a major challenge in the global compliance process for cryptocurrency exchanges. According…
NEAR Protocol (NEAR) has seen a sharp decline of over 5% in the past 24 hours, even as Bitwise Asset Management launched a NEAR Staking ETP, a move intended to increase institutional access to the Layer 1 blockchain. Despite this bullish development, NEAR’s price action remains bearish, weighed down by market-wide uncertainty. NEAR Falls Below Key $2.22 Support Level From July 3 at 15:00 to July 4 at 14:00, NEAR/USD dropped from $2.294 to $2.170, a 5.42% decline, breaching the critical $2.22 support zone on heightened selling volume. This downward move occurred during a muted day across the crypto market,…
Tech billionaire Peter Thiel, alongside Palmer Luckey and Joe Lonsdale, is leading the charge to establish Erebor, a new financial institution designed to serve startups and crypto firms—the very sectors left adrift after Silicon Valley Bank (SVB) collapsed in 2023. Erebor: A New Bank for Crypto and High-Risk Startups The proposed Erebor Bank, named after the legendary dwarven stronghold in Lord of the Rings, is being positioned as a modern alternative to SVB, aiming to bank venture-backed tech, life sciences, and crypto companies. The group has reportedly filed for a bank charter in the United States, signaling a serious intent…
Solana-based memecoin BONK is once again making waves in the crypto market, climbing 21% in 24 hours amid mounting excitement over a potential 2x leveraged BONK ETF and a massive 1 trillion token burn tied to its rapidly growing user base. ETF Speculation and Holder Growth Trigger Bullish Momentum Investor interest surged following news that Tuttle Capital Management could launch a 2x BONK ETF as early as July 16, pending regulatory approval. This news, combined with BONK approaching 1 million holders (currently over 943,000), is creating a bullish storm for the memecoin. Reaching 1 million holders will automatically trigger a…
In a historic on-chain event, eight Bitcoin wallets containing over 80,000 BTC — valued at more than $8.6 billion — were suddenly activated after more than 14 years of dormancy, marking the largest ever movement of Bitcoin mined during the “Satoshi era.” What Is the Satoshi Era and Why Does It Matter? The Satoshi era refers to the period between 2009 and 2011, when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was still active online. Bitcoins mined or transacted during this time are among the rarest and most closely watched assets in the crypto ecosystem. These early coins are often considered part…
Sweden’s Justice Minister, Gunnar Strömmer, has pledged to intensify efforts targeting illicit cryptocurrency holdings and other criminal assets, calling on law enforcement to make full use of new powers granted under a 2024 asset seizure law. Swedish Justice Minister Gunnar Strömmer Over $8.3 Million in Assets Already Seized Since Law’s Passage According to a recent statement, Swedish authorities have confiscated over $8.3 million in criminal proceeds since the law came into force in November 2024. Strömmer now says it’s time to “turn up the pressure even more”, urging agencies such as the Swedish Police, Tax Agency, and Enforcement Authority to…
The once-hyped Bitcoin treasury strategy—where companies allocate Bitcoin (BTC) as a reserve asset—is entering a critical maturity phase, according to analysts. James Check, lead analyst at Glassnode, believes the strategy’s days of easy upside may be over for new entrants without a clear market niche or value proposition. Analyst Says New Entrants May Be Too Late In a recent analysis, Check stated: “The Bitcoin treasury strategy has a far shorter lifespan than most expect… for many new entrants, it could already be over.” As investor attention shifts toward early movers like MicroStrategy (MSTR) and MARA Holdings, newer companies face increasing…