Galaxy Digital CEO sees consolidation phase as firms build positions in Ether and Solana Bitcoin has entered a consolidation phase, with prices moving sideways as corporate treasuries increasingly turn their focus to altcoins. According to Galaxy Digital CEO Mike Novogratz, the leading cryptocurrency may be quiet for now, but another surge could arrive by year’s end. Corporate treasuries diversify into altcoins “Bitcoin’s at a consolidation right now. Partly because you’re seeing a lot of these treasury companies in other coins take their shot,” Novogratz said during an interview on CNBC’s Squawk Box. Blockchain technology company BitMine Immersion Technologies recently purchased…
Author: Blockto Team
Technical indicators suggest a decisive move could be imminent for XRP price action XRP is currently trading in a narrow consolidation zone between $3.00 and $3.07, signaling that a breakout could be on the horizon. The price action reflects a triangle structure nearing resolution, with traders closely watching support and resistance levels to gauge the next directional move. Over the past few months, XRP surged from below $2.00 to above $3.50 before facing heavy selling pressure. The chart now shows the token holding steady above $3.00, with repeated tests of support around $2.85–$2.90, highlighted as a key demand zone. “The…
Virtual World Platforms Record Consecutive Growth in Trading Activity The metaverse market showed signs of renewed momentum in August, with non-fungible token (NFT) sales linked to virtual worlds rising by 27% compared to the previous month. Analysts say the rebound suggests users may be returning to digital environments that once fueled some of Web3’s biggest hype cycles. According to DappRadar, trading volume across metaverse-related NFTs reached $6.5 million in August from 13,927 sales, a notable increase in activity despite a slight dip in dollar volume compared to July’s $6.7 million. Analyst Sara Gherghelas commented that the “metaverse isn’t dead yet”…
Competition Among Treasury Firms Could Strengthen the Market The era of easy gains for crypto treasury firms is coming to a close, with analysts noting that companies must now focus on strategy and execution rather than simply holding Bitcoin. While the shift raises challenges, experts argue that it may ultimately lead to a healthier and more competitive market. According to Coinbase’s head of research David Duong and researcher Colin Basco, “the days of easy money and guaranteed mNAV premiums are over.” In their latest report, the pair said digital asset treasuries (DATs) are entering a “player-versus-player” stage where only firms…
WLFI Price Consolidates Around $0.20 Amid Community-Led Initiative World Liberty Financial Token (WLFI) is showing signs of stability after recent volatility, holding near $0.20 as the project’s community backs a proposed buyback-and-burn plan aimed at reducing circulating supply. The initiative, widely discussed across forums, has helped to restore sentiment after weeks of downward pressure. On the one-hour chart, WLFI has been trading within a descending channel, marked by lower highs and consistent supply zones around $0.23–$0.24. Despite the bearish structure, strong demand has repeatedly appeared in the $0.18–$0.19 region, where buyers have defended against further losses. The token briefly dipped…
Virtual Politician to Oversee Public Procurement and Combat Corruption Albania has made history by appointing its AI-powered virtual assistant, Diella, as a government “minister,” marking one of the first times an artificial intelligence bot has been given such a high-level political role. Prime Minister Edi Rama announced the promotion during the National Assembly of the Socialist Party, stating that Diella’s primary mission will be ensuring Albania becomes “100% free of corruption.” From Digital Assistant to Cabinet Member Previously, Diella operated as a virtual assistant on the e-Albania platform, helping citizens and businesses access services ranging from driver’s licenses to pension…
DOGE shows signs of recovery but must clear hurdles for sustained rally Dogecoin (DOGE/USDT) has bounced back from its crucial support zone near $0.00220, signaling a potential shift in momentum after weeks of steady decline. The recovery places the popular cryptocurrency at $0.00267, but technical charts highlight significant resistance levels that could test buyers’ strength in the short term. The chart shows DOGE defending its green support band at $0.00220–$0.00230, an area that has historically attracted demand. Following this rebound, Dogecoin is now approaching its first resistance zone near $0.00290, with a stronger ceiling seen around $0.00330–$0.00390. If DOGE breaks…
Acquisition boosts Bitstamp’s role as Robinhood eyes tokenization market Crypto exchange Bitstamp has surpassed Robinhood’s own crypto trading volumes for the first time since its $200 million acquisition in June. The exchange recorded a 21% rise in August, reaching $14.4 billion, while Robinhood’s volumes slipped 18% to $13.7 billion. Bitstamp’s strategic edge Bitstamp, now rebranded as Bitstamp by Robinhood, has quickly become central to Robinhood’s digital asset strategy. The exchange brought more than 5,000 institutional clients and 50,000 retail users into Robinhood’s ecosystem. Its integration with Robinhood Legend and Smart Exchange Routing has streamlined cross-platform trading, positioning the firm to…
Institutional adoption fuels record growth in tokenized assets Real-world asset (RWA) tokens surged 11% this week, pushing total onchain value to a new peak of $29 billion. The milestone reflects growing institutional adoption of blockchain-based financial products, with tokenization rapidly reshaping traditional markets. Market momentum builds According to RWA.xyz data, the onchain value of tokenized assets has almost doubled since the beginning of 2025. More than half of this value comes from tokenized private credit, while U.S. Treasuries account for roughly one-quarter. The remainder is spread across commodities, equities, bonds, and alternative funds. When stablecoins are included, total tokenized value…
Former FTX CEO challenges 25-year prison sentence after fraud conviction Sam Bankman-Fried (SBF), the former CEO of collapsed crypto exchange FTX, will face a critical appeals hearing on November 4 in the U.S. Court of Appeals for the Second Circuit. The proceeding marks the next phase of his legal battle nearly two years after being sentenced to 25 years in prison on seven felony counts, including wire fraud and conspiracy. Appeal process begins Bankman-Fried’s lawyers filed an appeal in April 2024, arguing that their client was “never presumed innocent” during his high-profile trial. They also claim that prosecutors misled jurors…
