New legislation sets legal foundation for crypto reserve, mining rules, and stablecoin issuance. Kyrgyzstan crypto regulation enters new phase Kyrgyzstan has moved closer to building a national digital economy as lawmakers passed amendments to the “On Virtual Assets” bill in three readings. The legislation introduces the concept of a state crypto reserve, creating a framework for state-managed mining, tokenized assets, and stablecoin circulation. Economy and Commerce Minister Bakyt Sydykov presented the draft, stressing that the reform will provide Kyrgyzstan with a new financial tool to strengthen its economy. State crypto reserve as a financial stability tool According to the government,…
Author: Blockto Team
WGMI surges past debut price, lifted by Microsoft’s GPU deal and Oracle’s cloud momentum The CoinShares Bitcoin Mining ETF (WGMI) climbed 12% to a record $33.13 on Tuesday, marking a 44% gain year-to-date, as surging demand for artificial intelligence (AI) infrastructure fueled strong gains in crypto mining and tech-related equities. Mining ETF outpaces expectations WGMI, which launched at around $30, has now exceeded its debut level, managing $175.7 million in assets with an expense ratio of 0.75%. The fund’s rise has been driven by standout performances in its top holdings: Analysts say the performance underscores the convergence of Bitcoin mining…
Core PPI and Headline PPI Both Fall Below Expectations U.S. producer prices unexpectedly declined in August, marking the sharpest reversal in months and raising questions about the momentum of inflationary pressures across the economy. The latest government data showed that the Core Producer Price Index (PPI) fell by 0.1% month-over-month, compared with expectations of a 0.3% increase and following a sharp 0.9% gain in July. The headline PPI also slipped 0.1%, mirroring the same surprise downturn. Economists had projected a 0.3% rise, making this result a significant miss against forecasts. Inflation Pressure Eases The numbers suggest that inflationary pressures at…
Meme Coin Shows Strength as Price Holds Above Key Support Pepe (PEPE) has outperformed the broader cryptocurrency market over the past week, recording a 10% rally while many major tokens, including Bitcoin, struggled to hold ground. At the time of writing, PEPE trades at $0.00001038, consolidating above a critical support zone near $0.00000900–$0.00000920. The chart highlights PEPE’s steady recovery from its late-August lows, where price rebounded sharply off the green demand zone. Since then, the meme coin has broken out of a consolidation phase, marking its first strong upward move in weeks. Key resistance now lies between $0.00001200 and $0.00001400,…
Exchange brings 24/5 access to US equities via blockchain-powered certificates Kraken has officially rolled out its tokenized securities product, xStocks, to eligible investors in Europe, marking another milestone in the growing adoption of blockchain-based equities. The launch follows months of anticipation after the company’s earlier rollout in global markets outside the US, UK, Canada, and Australia. Europe gains access to tokenized stocks Through xStocks, European clients can now trade tokenized certificates tracking popular US equities, enjoying extended 24/5 access without relying on traditional intermediaries. According to Kraken, the assets can also be moved across compatible platforms, stored independently, or self-custodied…
Meme Token Holds Ground Near $0.0025 Despite Market Volatility Dog (DOG) is showing early signs of stabilization after weeks of decline, with price currently trading at $0.00255, holding above a major support zone near $0.00230–$0.00240. The move comes as meme tokens attempt to recover from sharp corrections seen in August. The daily chart highlights DOG’s rebound from a deep demand zone, where bulls stepped in to defend critical price levels. A clear descending channel breakout in mid-June had previously fueled a strong rally, but selling pressure in July and August erased much of those gains. Now, DOG is consolidating just…
Ether treasury firm moves to boost NAV per share and investor confidence Sharplink, the world’s second-largest Ether treasury company, has initiated a $1.5 billion share buyback program after its stock fell below its net asset value (NAV). Strategic response to undervaluation The company said on Tuesday that repurchasing stock priced under NAV is immediately accretive to shareholders. Sharplink co-CEO Joseph Chalom emphasized that maximizing stockholder value remains the top priority as the firm navigates market volatility. “We believe the market currently undervalues our business,” Chalom said. “Rather than issue equity while trading below NAV, we are focused on disciplined capital…
Internet Computer struggles to hold momentum near $5.05 amid bearish pressure Internet Computer (ICP/USDT) slipped by more than 3%, trading near $4.87 after failing to sustain momentum above the $5.05 resistance level. The move highlights weakening short-term bullish sentiment as sellers stepped in at a crucial technical zone. ICP has been attempting a recovery since testing lows around $4.60, a region that has acted as a strong demand zone in recent weeks. However, the rally stalled just below $5.05, where significant supply pressure emerged. This area, highlighted in the chart, aligns with a previous rejection zone, reinforcing its role as…
Exchange brings long-dated crypto contracts pending regulatory approval Cboe Global Markets has announced plans to launch futures contracts for Bitcoin and Ethereum with 10-year expirations, marking a significant step in expanding US crypto derivatives. The products are expected to go live on November 10, subject to regulatory clearance. Long-dated futures inspired by DeFi The new contracts, referred to as “continuous futures,” will provide traders with single, long-dated positions that eliminate the need for frequent rollovers. Unlike traditional futures, which expire quarterly or monthly, these contracts function more like perpetuals popular in decentralized finance (DeFi) but with a fixed 10-year maturity.…
Binance Coin struggles near resistance as traders eye $850 support zone Binance Coin (BNB) briefly rallied to $884 before facing heavy selling pressure, erasing early gains and signaling caution among traders at key resistance levels. BNB climbed steadily through the week, breaking out of a prolonged consolidation phase. However, the token met immediate resistance at the $880–$890 zone, a level highlighted in the chart as a strong supply area where sellers remain active. After touching $884, BNB retraced quickly, slipping back toward $880 as market participants locked in profits. “BNB is showing strength overall, but the $890 resistance level is…
