ETH Consolidates While Key Levels Define Next Major Move Ethereum is trading around $4,305, showing resilience after repeated tests of a strong support zone near $4,250–$4,300. Despite several pullbacks in recent sessions, the leading altcoin continues to defend this level, keeping hopes alive for a bullish continuation. The chart shows ETH repeatedly bouncing from its green support band, which has acted as a base for several recovery attempts. On the upside, immediate resistance lies near $4,600, while a weak high formation around $5,000 marks the next significant challenge for bulls. “Ethereum is holding firm above the $4,300 support level, which…
Author: Blockto Team
Fifth major crypto protocol pitches for role in issuing and managing USDH Decentralized finance heavyweight Sky, formerly known as Maker, has entered the race to help Hyperliquid launch its upcoming stablecoin USDH, becoming the fifth major protocol to submit a proposal. Sky’s Proposal to Hyperliquid In a detailed post, Sky co-founder Rune Christensen argued that using Sky’s infrastructure would give USDH a competitive edge. He promised a yield of 4.85% on all USDH deposits, a figure he said is “significantly above the T-Bill rate.” The proposal would also allow USDH to convert seamlessly into Sky’s USDS stablecoin, which itself offers…
Hackers exploit Kiln API vulnerability, draining 193,000 SOL from SwissBorg’s Solana Earn program Swiss-based crypto wealth management platform SwissBorg confirmed a security breach that resulted in the loss of roughly 193,000 Solana (SOL) tokens, valued at around $41 million. The incident stemmed from a compromise in the API of Kiln, a third-party staking infrastructure provider. The exploit specifically targeted SwissBorg’s Solana Earn program, which relies on Kiln’s API to facilitate staking rewards. By manipulating API requests, attackers were able to siphon funds directly from Solana’s staking network. SwissBorg emphasized that its core app and other Earn products remained unaffected, limiting…
Traders eye breakout levels as BTC consolidates between resistance and support zones Bitcoin (BTC) is currently trading around $111,269, showing resilience after defending the $108,000–$109,000 green support zone, according to the latest 4-hour chart structure. The price action remains within a descending channel, with investors closely watching for signs of a breakout. The chart highlights that Bitcoin has consistently rebounded from the green demand zone near $108,000, suggesting strong buyer interest at lower levels. On the upside, the red resistance zone around $121,000–$123,000 remains a significant hurdle for bulls. “The $108K level is acting as a line in the sand…
Commissioner Hester Peirce leads new roundtable on digital assets The U.S. Securities and Exchange Commission (SEC) is expanding its focus on cryptocurrency oversight, with its crypto task force set to host a public roundtable on financial surveillance and privacy on October 17, 2025. The initiative, spearheaded by Commissioner Hester Peirce, marks the sixth roundtable since the departure of former SEC Chair Gary Gensler, as the regulator reassesses its approach to digital asset markets. Focus on Privacy and Surveillance Tools “Understanding recent developments in privacy-protecting tools will assist the SEC and other financial regulators as we work on policy solutions in…
Former crypto executive convicted of fraud to report to prison this week Alex Mashinsky, the former CEO of collapsed crypto lender Celsius Network, is set to begin serving his 12-year federal prison sentence this Friday. The sentencing follows his guilty plea in December 2024, where he admitted to making false statements about Celsius’ Earn Program and misleading investors. According to court filings from the U.S. District Court for the Southern District of New York, Mashinsky must surrender to authorities by 2:00 p.m. ET on Friday. The court has recommended that he serve his sentence at the Federal Prison Camp in…
Technical analysis shows bullish momentum building with resistance levels ahead NEAR Protocol’s native token, NEAR, climbed more than 6% in the last 24 hours, extending its rebound from the $2.40 support zone. The move highlights renewed bullish sentiment after weeks of consolidation, though resistance levels near $2.80 and $3.10 remain critical hurdles for further upside. On the 4-hour chart, NEAR bounced from the $2.35–$2.45 support area, where buyers have consistently defended against deeper declines. The chart also shows heightened trading volumes during the bounce, signaling stronger conviction among market participants. “As long as NEAR holds above the $2.40 region, the…
Grayscale Investments, the world’s largest crypto asset manager, has officially filed with the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Chainlink Trust into a spot Chainlink ETF. If approved, this would be the first-ever U.S. Chainlink ETF, offering regulated exposure to LINK, the native token of the Chainlink network. What the GLNK ETF Proposal Includes The proposed Grayscale Chainlink ETF (ticker: GLNK) would list on NYSE Arca and mirror the structure of already-approved spot Bitcoin and Ethereum ETFs. Key features of the filing include: This makes the GLNK ETF one of the first proposed U.S. crypto ETFs…
Paxos, Frax, and Agora compete for issuance rights ahead of Sept. 14 validator vote Hyperliquid’s plan to launch its proprietary stablecoin, USDH, has sparked a heated governance battle within the crypto community. With a validator vote scheduled for Sept. 14, concerns are mounting over whether a proposal linked to Stripe’s Bridge platform could give the payments giant too much control over the exchange’s monetary layer. Billions at stake in stablecoin revenue USDH is designed to replace the $5.5 billion of USDC currently circulating on Hyperliquid, which makes up 95% of the platform’s stablecoin supply. Control of the new stablecoin would…
WLF seeks stability after steep decline, with eyes on $0.22 resistance World Liberty Financial (WLF/USDT) faced heavy selling pressure in the last session, plunging by 23% to trade near $0.2117. Despite the sharp decline, the token is showing signs of stabilization as buyers attempt to defend a short-term support zone around $0.20–$0.21. The chart highlights that WLF has tested its support band between $0.20 and $0.21, where buyers are stepping in to limit further downside. If this level holds, the immediate resistance stands at $0.22–$0.225, followed by a stronger barrier near $0.25–$0.26, a zone that previously triggered selling pressure. BITX…
