SUI, the native token of the Sui blockchain, saw a sharp intraday reversal following an attempted breakout near $2.82, ending a turbulent 24-hour trading window characterized by elevated volume and whipsaw volatility. Despite briefly pushing as high as $2.92, the token ultimately closed near $2.78, reflecting a nearly 4% drop from its intraday peak. Intraday Swings Highlight Volatile Sentiment SUI traded within a 7.3% intraday range, fluctuating between $2.71 and $2.92. Early-session strength faded quickly after price action hit a firm resistance near $2.82, which triggered a swift reversal and exposed short-term bullish momentum as fragile. Trading Volume Surges Above…
Author: Blockto Team
Ethereum (ETH), Solana (SOL), and other major altcoins are under renewed selling pressure amid mounting geopolitical uncertainty, as U.S. officials reportedly consider direct military action against Iran. Fears of escalation are pushing traders into stablecoins and Bitcoin, leaving high-beta assets like altcoins exposed to sharp downside. Altcoins Drop as Risk Appetite Evaporates On Thursday, key altcoins posted notable losses: This weakness underscores a broad altcoin rotation as investors reduce exposure to higher-risk digital assets in the face of rising macroeconomic and geopolitical risks. Bitcoin ETFs Attract Capital as Fear Spikes In contrast to altcoin outflows, Bitcoin ETFs saw $389 million…
Uniswap’s native token UNI is staging one of its strongest comebacks in over a year, gaining 70% since April 7 and showing strong momentum signals. As of today, UNI is trading above $7.46, up 24% over the past 30 days and marking seven green weeks in the last eight, according to on-chain and price data. V-Shaped Recovery and Technical Breakout UNI has reversed its 2025 downtrend, forming a V-shaped recovery pattern after bottoming at $4.551 in April. The latest rally, supported by higher lows and strong volume, reflects growing market confidence in both Uniswap’s protocol governance and DeFi sector resilience.…
Despite escalating tensions in the Middle East, spot Bitcoin ETFs in the US recorded their eighth consecutive day of inflows, signaling strong institutional confidence in digital assets. On June 18, Bitcoin ETFs saw $388.3 million in net inflows, even as initial panic over the Israel-Iran conflict briefly rattled broader markets. BlackRock and Fidelity Lead the Surge Two major players dominated the inflow: According to Farside Investors, these inflows mark a resilient rebound in investor sentiment, with many institutions apparently unfazed by geopolitical uncertainty. Bitcoin Holds Steady Amid Global Tension Even as regional military activity caused temporary volatility, Bitcoin remained stable,…
The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint targeting over $225 million in laundered USDT, tied to one of the largest pig butchering scams ever uncovered. At the center of this scheme is Shan Hanes, the former CEO of Heartland Tri-State Bank in Kansas, who embezzled $47 million before the bank collapsed in 2023. DOJ Uncovers Global Crypto Laundering Network According to the DOJ, Hanes was the largest individual victim in a complex international crypto laundering network operated out of a scam compound in Manila, allegedly run by ITECHNO Specialist Inc. Key details from the DOJ…
The Central Bank of Iran has imposed a strict operating curfew on local cryptocurrency exchanges in response to a $100 million hack targeting Nobitex, the country’s largest exchange. The decision limits exchange activity between 10 a.m. and 8 p.m., in an apparent effort to contain risk and assert control over cross-border crypto flows amid intensifying geopolitical tensions. Nobitex Breach: A Politically Charged Cyberattack The hack on Nobitex, confirmed early Wednesday, was not financially motivated in the traditional sense. The pro-Israel hacker group Gonjeshke Darande (translated as “Predatory Sparrow”) claimed responsibility, alleging it accessed internal Nobitex systems and drained over $100…
Litecoin (LTC) is defying broader market pressure, showing resilience and bullish structure even as geopolitical tensions rise and uncertainty rattles global markets. On Tuesday, LTC posted a 1.6% daily gain, rebounding from a low of $82.69 to close near $84.88, while many other digital assets remained under pressure. Global Tensions Weigh on Markets, But Litecoin Recovers The ongoing conflict between Israel and Iran continues to fuel market anxiety, with the probability of U.S. military intervention by month’s end climbing to 62%, based on prediction market data. Despite this, Litecoin managed to climb higher, signaling its decoupling—at least temporarily—from the broader…
The Bank of England (BoE) has announced plans to introduce new rules limiting banks’ exposure to cryptocurrencies by 2026, aiming to protect the country’s financial stability. These measures are expected to be among the most restrictive globally, reflecting the central bank’s caution regarding crypto’s volatile nature. Bank of England Prioritizes Caution Over Risky Crypto Exposure According to David Bailey, the executive director of prudential policy at the BoE, the new regulations will encourage financial institutions to adopt a conservative stance on crypto holdings. Bailey emphasized that since cryptoassets carry a high risk of complete capital loss, a restrictive regulatory framework…
The Rise of $USELESS in Korea’s Altcoin Arena South Korea’s crypto market is once again making global headlines—this time with an ironically named token: $USELESS. Despite the satirical branding, $USELESS has surged in popularity, powered by Korean retail enthusiasm and major crypto influencers, also known as KOLs (Key Opinion Leaders).The token has rallied significantly in recent weeks, echoing past Korean-driven frenzies such as the 2023 XRP rally, which saw a 400% price explosion within months. Yeomyung: The KOL Behind the Movement Leading the charge is Yeomyung, a well-known Korean crypto KOL and liquidity provider. His early investment into $USELESS —…
BNB (Binance Coin) is currently struggling to break above the key resistance level of $654, as global geopolitical tensions—especially the escalating Israel-Iran conflict—rattle crypto investor sentiment. After briefly testing the $650 mark, the token has pulled back, signaling hesitation among market participants. Geopolitical Pressures Intensify Market Volatility The ongoing conflict between Israel and Iran has injected fresh volatility into financial markets, including cryptocurrencies. Recent political remarks by U.S. leaders—calling for Iran’s “unconditional surrender”—have further fueled uncertainty. On prediction platforms, the odds of U.S. military action in the region before month-end have surged to 61%, and to 69% if extended to…