TON, the native token of The Open Network, saw heightened volatility over the past 24 hours, plunging 6.2% from its daily high amid broader market unease tied to geopolitical tensions. The token swung between $3.22 and $3.47, reflecting a 7.7% intraday range that underscores the crypto market’s sensitivity to global events. Persistent selling pressure followed an early rally, pushing TON toward a key support level between $3.22 and $3.24. Technical Levels Show Key Support and Resistance Zones During the trading day, TON tested resistance between $3.44 and $3.47, facing strong rejections on high volume, particularly during the 14th and 15th…
Author: Blockto Team
Blockchain Analysts Warn of Growing Risk, Fund Flows Continue Unchecked Grinex, the suspected successor to the sanctioned Russian crypto exchange Garantex, has reportedly moved over $1.66 billion through cryptocurrency exchanges, despite repeated warnings from blockchain analysis firms. The exposure to Grinex-linked wallets continues to increase, raising alarm bells across the compliance and digital asset security sectors. Grinex emerged following the March shutdown of Garantex by U.S., German, and Finnish authorities. Since then, the Swiss analytics firm Global Ledger has monitored a sharp rise in transactional activity tied to Grinex. Explosive Growth in Exposure Raises Compliance Concerns Initially, Global Ledger estimated…
Mining Activity Intensifies Despite Weak On-Chain Demand Bitcoin mining difficulty is poised to reach a record high of 126.95 trillion, reflecting a substantial increase in the computational power securing the blockchain. The anticipated 4% rise in mining difficulty is expected to finalize around midnight UTC, marking a significant milestone in the network’s evolution. Bitcoin’s seven-day average hashrate has surged from 840 EH/s to 918 EH/s over the past two weeks, nearly reaching the all-time high of 925 EH/s recorded earlier. This upward momentum indicates renewed miner confidence and intensified participation, even amid low transaction activity. Network Security Strengthens The Bitcoin…
Traditional Finance Shifts Toward Digital Tokens Global payments firm Stripe is exploring partnerships with banks to integrate stablecoins into their services, marking a significant shift in how digital assets may soon power mainstream financial transactions. In a recent interview, Stripe co-founder and president John Collison confirmed that early-stage discussions with banks are underway as interest in stablecoins grows. “Banks are very interested in how they should be integrated with stablecoins into their product offerings,” Collison stated. This comes amid a sharp rise in the adoption of stablecoins — blockchain-based tokens pegged to fiat currencies — which offer low-cost, instant cross-border…
Central Bank Digital Currency (CBDC) Offers Stability Amid Crypto Surge The Bank of Italy has emphasized the urgent need for a digital euro to manage the increasing risks associated with cryptocurrency adoption. In its latest annual economic report released on May 30, the institution highlighted that regulation alone is not enough to address systemic risks from crypto assets. The digital euro, a proposed central bank digital currency (CBDC) for the European Union, is viewed as a critical instrument to maintain financial stability and support the public’s demand for secure digital payments. “We would be remiss to think that the evolution…
Crypto Market Shaken by Macro Events XRP experienced a sharp 6.16% drop, falling from $2.305 to $2.163, as global economic tensions triggered a high-volume market correction. This came in the wake of a U.S. court decision overturning Trump-era tariffs, which rippled across financial markets, denting investor confidence and reducing the total cryptocurrency market capitalization by 3.1%, now standing at $3.35 trillion. Volume Surge Points to Capitulation During the selloff, XRP trading volume surged to 174.7 million units, nearly four times the 24-hour average, indicating a wave of capitulation selling. Prices briefly rebounded to $2.22 after finding initial support at $2.16,…
Sudden Sell-Off Triggers High Volatility Dogecoin (DOGE) plunged over 10.6%, falling from $0.226 to $0.202 in a high-volume midnight sell-off. This sharp drop coincided with heightened market anxiety, pushing trading volume to 1.18 billion DOGE, a notable spike from its average levels. The crash triggered intense selling pressure around 00:00, with DOGE losing 5.5% within minutes. The price now consolidates between $0.202 and $0.206, reflecting a phase of market indecision and reduced volatility, as traders weigh the possibility of a recovery or further downside. Technical Resistance and Chart Patterns Technical analysis reveals a strong resistance at $0.217, a level DOGE…
Price Fluctuations Driven by External Market Forces Cosmos’ native token, ATOM, has shown heightened price swings in recent sessions, driven by a mix of geopolitical tensions and evolving global trade policies. Over the past 24 hours, ATOM traded within a wide range, from a high of $4.848 to a low of $4.413, reflecting growing uncertainty among investors. This 9% swing highlights ATOM’s vulnerability to macroeconomic triggers and investor sentiment shifts. Key Support and Resistance Levels in Focus Despite broader market weakness, technical levels have emerged to guide short-term traders. Immediate support is now seen near $4.45, a price zone where…
Uniswap’s governance token UNI experienced an 8% drop within 24 hours, reflecting increased volatility and short-term bearish sentiment. Despite the sharp decline, investor interest in Uniswap’s upcoming v4 upgrade remains strong, hinting at potential long-term value for the protocol. UNI Price Movement Reflects Market Uncertainty Between May 29 and May 30, UNI fell from $7.119 to $6.532, marking a significant intraday decline of over 8%, based on current trading data. The price attempted a brief rebound, hitting $6.595, before stabilizing at $6.522 around 08:00 UTC. Intermediate support was detected near $6.40, supported by elevated trading volumes, providing a temporary floor…
HashKey Group, a regulated Hong Kong-based digital asset platform, has officially listed XRP for professional investors, marking a significant step in XRP’s growing institutional adoption across Asia. XRP Listing on HashKey Exchange Now Live On May 30, HashKey Group confirmed the launch of spot XRP/USD trading for professional clients. Although the initial trading volume reached only $4,000 within the first hour, the move signifies growing institutional interest following XRP’s resurgence in late 2024. This listing comes after XRP’s inclusion in the U.S. strategic crypto reserve, a key development that reaffirmed its position among leading digital assets. Strategic Push into Asia’s…