SOL shows strength with higher lows, but key resistance remains ahead Solana (SOL/USD) surged by 5% in the last 24 hours, climbing to around $214.83 as bullish momentum continues to build. The cryptocurrency has been making steady gains, supported by strong buying interest and a clear ascending trendline. The chart shows Solana recently breaking out of a prolonged falling wedge pattern earlier this year, which marked the start of its recovery phase. Since then, the asset has been forming higher lows, signaling strong demand at lower levels. At present, immediate support lies near $185–$190, a zone that has been repeatedly…
Author: Blockto Team
Forward Industries (NASDAQ: FORD) has announced a $1.65 billion raise in cash and stablecoin commitments to launch the largest corporate treasury dedicated to Solana (SOL) to date. The move marks a landmark moment in institutional adoption of Solana, positioning Forward as a publicly traded Solana-focused vehicle for investors. The treasury initiative was led by Galaxy Digital, Jump Crypto, and Multicoin Capital, with additional support from C/M Capital Partners—an existing Forward Industries shareholder. Samani emphasized that the move reflects a long-term conviction in Solana’s resilience and growth, stating that an institutional treasury can “increase SOL per share at a faster rate…
XLM rebounds from $0.35 zone, eyes resistance at $0.42 Stellar (XLM/USDT) has climbed 2% in the latest session, trading at $0.3682 after a bounce from its crucial support region near $0.35. The move signals a short-term recovery, though broader market dynamics continue to keep the asset within a consolidation phase. The chart shows that Stellar recently tested its long-standing support zone at $0.34–$0.35, which has acted as a strong demand region since early August. Price has since rebounded modestly, with buyers attempting to regain momentum. Immediate resistance is now seen at $0.42, followed by a stronger ceiling at $0.47–$0.48, where…
Nasdaq, the world’s second-largest stock exchange by market capitalization, has formally requested a rule change from the U.S. Securities and Exchange Commission (SEC) that would allow regulated exchanges in the United States to list and trade tokenized stocks. If approved, this move could mark a turning point for the integration of blockchain technology into traditional financial markets, expanding investor access and boosting liquidity. What Nasdaq Is Proposing In its filing, Nasdaq asked the SEC to amend existing rules, including the definition of a security, to cover tokenized versions of stocks. The proposal states that these blockchain-based shares should be treated…
Major banks move to secure early entry under strict new framework HSBC and the Industrial and Commercial Bank of China (ICBC) — the world’s largest bank by total assets — reportedly plan to apply for Hong Kong stablecoin licenses, according to the Hong Kong Economic Journal. The move comes after the Hong Kong Monetary Authority (HKMA) introduced a new stablecoin regulatory regime on Aug. 1, 2025, designed to tighten oversight and protect investors. While 77 institutions expressed interest in applying for licenses by the end of August, ICBC and Standard Chartered are expected to be among the first to secure…
Corporate Bitcoin giant faces S&P 500 exclusion despite massive treasury Strategy (formerly MicroStrategy) has acquired an additional 1,955 BTC between Sept. 2 and Sept. 7, spending $217.4 million at an average price of $111,196 per coin, according to its latest SEC filing. This purchase takes the firm’s total stash to 638,460 BTC, worth around $71 billion at current prices. With an average cost basis of $73,880 per bitcoin, Strategy now sits on more than $24 billion in unrealized gains. The company controls over 3% of Bitcoin’s capped 21 million supply, reinforcing its dominance as the largest corporate BTC holder. Funding…
Hedera Hashgraph Holds Key Support While Institutional Demand Grows Hedera Hashgraph (HBAR) has managed to post steady gains in recent sessions, supported by signs of institutional interest and heightened global trade tensions. At the time of writing, HBAR trades near $0.222, holding firmly above a crucial support band between $0.21 and $0.22. The chart highlights a strong rebound from July’s descending channel, where HBAR fell sharply before recovering. Price action now shows consolidation above the green demand zone, signaling that buyers are defending support with consistency. On the upside, resistance sits between $0.25 and $0.30, marked by two stacked supply…
Buyers and sellers decline as average NFT sale prices drop 30% Sales volume hits three-month low The NFT market cooled in the first week of September, with total sales volume dropping to $91.96 million, according to data from CryptoSlam. This marks the lowest weekly sales figure since June 16–22, when sales briefly fell to $90 million. The downturn comes after two months of strong momentum. From late July through August, NFT sales consistently stayed above $115 million per week, peaking at $170 million between July 21–27 — the third-highest weekly figure of 2025. Sharp decline in buyers and sellers The…
Network strengthens dominance in RWA tokenization and institutional adoption Ethereum’s stablecoin supply surged by $5 billion last week, averaging nearly $1 billion in inflows per day. The growth pushed the total stablecoin supply on the network to an all-time high of $165 billion, cementing Ethereum’s position as the leading blockchain for tokenized assets. Ethereum’s stablecoin market dominance According to Token Terminal, Ethereum’s stablecoin supply has more than doubled since January 2024. Competing data from RWA.xyz placed the figure slightly lower at $158.5 billion, also a record, giving Ethereum a 57% market share. By comparison, Tron holds 27%, while Solana trails…
Former FTX EU entity reenters market under MiFID II framework Backpack EU, the entity that acquired the former FTX EU, has officially launched operations in Europe with a regulated perpetual futures trading platform. The move comes after the company settled compliance issues with the Cyprus Securities and Exchange Commission (CySEC) and secured a MiFID II license, marking a significant step toward regulated crypto derivatives in the region. Settlement with CySEC Backpack EU, registered under Trek Labs Europe, reached a settlement with CySEC in mid-2025, paying €200,000 ($235,000) for “possible violations” related to FTX’s previous operations. Following this, CySEC reissued its…
