ETH regains momentum with key support holding firm Ethereum (ETH/USD) has moved above the $4,540 mark, showing renewed bullish strength after consolidating around its support zone near $4,300–$4,350. The breakout suggests that momentum could carry the second-largest cryptocurrency toward testing higher resistance levels in the days ahead. The chart indicates that Ethereum has repeatedly defended its green support band near $4,300, forming a strong base for upward movement. Each dip into this level has attracted buyers, limiting downside risk. Now, with ETH climbing past $4,540, traders are eyeing the next target: the “weak high” near $5,000, which marks a critical…
Author: Blockto Team
Testing blockchain-powered infrastructure for tokenized finance Chainlink, UBS, and DigiFT have launched a new pilot in Hong Kong aimed at automating the distribution, settlement, and lifecycle management of tokenized funds. The initiative is being carried out under the Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme, a regulatory sandbox supporting innovative blockchain projects in the region. How the pilot works The pilot introduces a workflow where investors submit subscription or redemption requests for UBS’s tokenized products through DigiFT’s smart contracts. These instructions are then verified by Chainlink’s Digital Transfer Agent contracts, which record transactions directly onchain. Once validated, the process…
Market momentum builds after bounce from support Bitcoin (BTC/USD) is trading around $115,200, maintaining levels above the crucial six-figure mark as bullish sentiment strengthens. After testing support near $110,000, the leading cryptocurrency has staged a recovery, signaling renewed confidence among market participants. The chart highlights a recent breakout from a downward channel that had pressured prices since late August. This move has lifted Bitcoin toward the $115K–$116K zone, a level that traders are watching closely for signs of further strength. Analysts point to the green support band near $110,000 as a decisive level. “Bitcoin defending this zone is critical for…
Wall Street giants see blockchain tokenization as next leap after Bitcoin ETF success BlackRock, the world’s largest asset manager, is reportedly weighing the tokenization of exchange-traded funds (ETFs) following the strong reception of its spot Bitcoin ETFs. The move would mark a significant step in merging traditional investment vehicles with blockchain infrastructure. According to sources cited by Bloomberg, BlackRock is considering tokenizing funds with exposure to real-world assets (RWA). Such a shift could enable ETFs to trade outside of traditional market hours and even serve as collateral in decentralized finance (DeFi) applications. BlackRock already has experience in this area. Its…
Bitcoin-linked equities diverge as miners and digital firms surge while treasury vehicles stumble Crypto-related stocks surged on Thursday, with Galaxy Digital, Circle Internet and Bitfarms posting double-digit gains, even as major bitcoin treasury vehicles Metaplanet and Nakamoto slumped. The sharp divergence came despite a relatively steady performance in the broader market, with bitcoin trading modestly higher at $114,275, its strongest level since mid-August. Miners and digital firms gain momentum Galaxy Digital, led by Mike Novogratz, jumped 12% after participating in Forward Industries’ $1.65 billion fundraising to launch a Solana treasury vehicle. Analysts suggested that rising interest in data centers and…
Public company positions itself as first proxy for ENA ecosystem amid stablecoin regulation shift Mega Matrix (MPU) has doubled down on the Ethena stablecoin ecosystem, positioning its stock as the first public vehicle for exposure to the project. Executives believe the synthetic dollar initiative could rival Circle’s dominance in the expanding stablecoin market. Strategic bet on Ethena Colin Butler, Mega Matrix’s executive vice president and head of markets, said the firm sees massive potential: “We think Ethena can do $150 million in the next 6–12 months. That would imply a 6x upside to Ethena.” Unlike USDC and USDT, Ethena’s synthetic…
ATOM Consolidates Near Resistance Zone With Strong Support Levels Intact Cosmos (ATOM) is currently trading around $4.65, showing resilience as it approaches a significant resistance region. Despite recent volatility, the token has maintained a 27% gain from its July lows, highlighting growing investor interest in the ecosystem. The chart shows ATOM climbing strongly in July before facing rejection near the $5.00 level, marked by a red resistance zone. Since then, price action has consolidated, with multiple retests of the $4.40 support area, identified as a key demand zone. “The $4.40–$4.45 support level has repeatedly absorbed selling pressure, keeping the bullish…
LINK Strengthens on Technical Breakout and Institutional Adoption News Chainlink (LINK) is trading around $23.60, showing resilience after nearly doubling in value since early 2025. The asset has managed to consolidate above the $23 support zone, while technical indicators point to a possible continuation toward the $26–$28 resistance range. The daily LINK/USDT chart highlights a strong recovery from April’s lows, when the token traded near $12–$14. Following a clear breakout from a prolonged descending channel, Chainlink has since reclaimed multiple key support levels. Currently, LINK is holding above the green support band near $23, a zone that has flipped from…
Standard Chartered-backed firm shifts focus as SBI pursues faster digital expansion Zodia Custody has ended its joint venture with Japan’s SBI Holdings, marking a strategic realignment for both companies after two years of collaboration. The move highlights the challenges of operating in Japan’s tightly regulated digital asset market while both firms pursue new priorities. Dissolution made by “mutual decision” The joint venture, known as SBI Zodia Custody, launched with the goal of bringing institutional-grade custodial services to Japan. Ownership was split between SBI (51%) and Zodia (49%). Julian Sawyer, CEO of Zodia Custody, described the exit as a coordinated step.…
BTC Consolidates as Descending Channel Narrows Around Key Resistance Bitcoin (BTC) is currently trading near $114,280, posting a modest 0.28% daily gain, as it struggles to break out of a narrowing descending channel. The leading cryptocurrency continues to hold above a critical support zone near $110,000–$112,000, while facing resistance around the $118,000–$120,000 range. The daily BTC/USD chart shows price action repeatedly bouncing from the green support zone near $110K, a level that has held firm since July. However, each upward attempt has met resistance at the red band between $118K and $120K, creating a narrowing consolidation pattern. Traders note that…
