Bitcoin Technical Analysis Shows Bearish Momentum With Critical Support in Focus Bitcoin price declined sharply to the $86,000 level, extending its recent pullback as selling pressure intensified across the market. The move places immediate attention on the $84,000 support zone, which is now emerging as a decisive level for short-term price direction. The latest price action reflects a broader bearish market structure, with Bitcoin failing to reclaim prior resistance levels near $90,000–$92,000. price remains below key supply zones, indicating that buyers are struggling to regain control. Repeated rejections from overhead resistance suggest continued weakness unless demand strengthens decisively. Technically, the…
Author: Blockto Team
XRP Faces Strong Resistance Despite Elevated Trading Activity XRP is once again testing trader patience as the price fails to establish a sustained move above the psychologically important $2.00 level. The repeated rejection highlights a growing imbalance between bullish expectations and persistent selling pressure placing XRP at a near term inflection point. Price action shows that XRP has now failed three consecutive attempts to clear the $2.00 resistance zone. Each rejection has been accompanied by elevated trading volume, signaling that sellers are actively defending this level. The most recent pullback occurred just below $2.01 reinforcing the importance of this price…
Ethereum-Based MONY Fund Offers Dollar Yields for Qualified Investors JPMorgan has entered the tokenized finance space by launching its first money market fund (MMF) on the Ethereum blockchain. Named My OnChain Net Yield Fund (MONY) the fund allows qualified investors to earn US dollar yields while subscribing or redeeming through cash or stablecoins. The fund is issued via Kinexys Digital Assets, JPMorgan’s proprietary tokenization platform, and is accessible through the Morgan Money institutional trading platform. MONY represents a 506(c) private placement fund, providing investors with blockchain-based tokens linked to traditional US Treasury securities and repurchase agreements fully collateralized by treasuries.…
Sustainable Crypto Infrastructure Planned in Gelephu Mindfulness City Bhutan has signed a multi-year memorandum of understanding (MoU) with crypto market maker Cumberland DRW to develop digital asset infrastructure in Gelephu Mindfulness City (GMC) advancing the nation’s long-term, sustainability-focused Bitcoin strategy. The partnership aims to align crypto development with Bhutan’s environmental and governance principles. Under the MoU, Cumberland will support Bitcoin reserve management, establish operations within GMC, and deploy experts to train local talent in blockchain and digital finance. The initiative also explores the creation of a national crypto ecosystem, including sustainable mining, stablecoins, AI compute, and yield-generation infrastructure. Gelephu Mindfulness…
Permissioned Distributed Ledger Enables Same-Day Settlement on Regulated Infrastructure Doha Bank has successfully issued a $150 million digital bond using Euroclear’s distributed ledger technology (DLT) platform, marking a significant milestone in the evolution of regulated digital capital markets. The transaction highlights a growing institutional preference for permissioned DLT systems over public blockchains when issuing tokenized debt. The digitally native bond was listed on the London Stock Exchange’s International Securities Market and achieved T+0 (same-day) settlement, a notable efficiency gain compared to traditional settlement cycles. Settlement was completed via Euroclear’s Digital Financial Market Infrastructure, operated by a central securities depository and…
Bitcoin Price Vulnerability Amid Macro Shifts and Quantum Risk Global macro analyst Luke Gromen has adopted a near term bearish stance on Bitcoin, suggesting the cryptocurrency could fall to the $40,000 range in 2026. While historically a proponent of Bitcoin as part of the debasement trade, Gromen now highlights concerns over macro conditions, technical signals, and emerging quantum risk narratives. Gromen noted that Bitcoin has underperformed compared to gold, failing to reach new highs and breaking key moving averages. He emphasized that although fiat currencies may continue to lose value over time, Bitcoin’s risk-reward profile has worsened in the near…
Blockchain-based verification could make content rankings transparent, fair, and resistant to censorship Ethereum co-founder Vitalik Buterin has proposed using zero-knowledge proofs (ZK-proofs) and blockchain technology to bring transparency and accountability to social media algorithms. His comments focus on how platforms like X determine content visibility, arguing that opaque ranking systems undermine trust and free expression. Buterin suggested that social platforms should adopt cryptographic verification to prove that content-ranking decisions follow predefined rules. Under his proposal, every algorithmic decision would generate a ZK-proof, allowing the platform to demonstrate fairness without revealing sensitive user data or proprietary logic. He also proposed that…
Government targets January 2026 consensus as debate intensifies over who can issue stablecoins South Korea’s efforts to establish a clear stablecoin regulatory framework have hit a delay after the country’s top financial regulator missed a key legislative deadline. The setback highlights deep divisions between regulators, lawmakers, and the central bank, raising questions about how stablecoins will be governed in one of Asia’s most active digital asset markets The Financial Services Commission (FSC) failed to submit a draft stablecoin bill by Dec. 10, a deadline set by the ruling party. Officials cited the need for additional coordination with relevant government agencies,…
New Legislation Aims to Place Crypto Firms Under Full Regulatory Oversight The United Kingdom is preparing to take a major regulatory step by bringing cryptocurrencies under its existing financial services laws. According to reports, the government plans to introduce legislation that would place crypto-related businesses within the country’s formal regulatory framework by October 2027, strengthening oversight and consumer protections. The proposed bill, expected to be presented to Parliament soon, would require crypto exchanges, dealers, and intermediaries to comply with the same financial rules as traditional institutions. Oversight would fall under the Financial Conduct Authority (FCA), expanding its role beyond anti-money…
DOGE Market Reacts to Rate Cut With Sharp Sell-Off Dogecoin experienced a notable price decline after the latest Federal Reserve rate cut announcement triggered heightened volatility across the crypto market. The move intensiified selling pressure on DOGE, pushing the price below a critical technical level and raising fresh concerns about short-term trend stability. Following the macroeconomic announcement, Dogecoin fell decisively below the key support level at $0.1407. This breakdown acted as a catalyst for accelerated selling, with volume expanding sharply as traders exited positions. The price slid to an intraday low of $0.1372, confirming the loss of bullish control that…