Ethereum price dip coincides with four straight days of ETF withdrawals Spot Ether exchange-traded funds (ETFs) in the US recorded four consecutive days of outflows during the shortened Labor Day trading week, signaling a temporary cooling after a strong August. While withdrawals have raised concerns, traders and analysts suggest inflows could resume if Ethereum’s recent price momentum continues. Ether ETFs See $787M in Withdrawals Data from Farside shows that Ether ETFs lost $787.6 million in net outflows across the four-day week, with Friday alone accounting for $446.8 million. This pullback followed August’s robust inflows of $3.87 billion, which positioned Ether…
Author: Blockto Team
Lawmakers aim to clarify regulatory oversight while pushing bill toward year-end approval The US Senate has updated its crypto market structure bill, adding a provision that ensures tokenized stocks and other securities remain classified as securities even when issued on a blockchain. The update is designed to prevent regulatory confusion and preserve their alignment with existing financial systems. Tokenized Assets Stay Within Securities Law Under the new clause, tokenized stocks will not fall under commodities oversight, a risk that had raised concerns for firms experimenting with tokenization. By keeping them within securities law, the Senate aims to ensure compatibility with…
Ripple’s Token Consolidates Near $2.80 After Volatile August XRP is currently trading around $2.80, attempting to stabilize after a turbulent August that saw sharp swings between $3.70 highs and $2.65 lows. The asset remains up nearly 20% from July levels, but price action is now consolidating within a tight range, raising questions about its next move. The 4-hour chart highlights a critical support zone between $2.65 and $2.70, which has repeatedly absorbed selling pressure. Above, immediate resistance lies at $3.00–$3.15, followed by stronger supply zones at $3.40 and $3.70. “The market is clearly respecting $2.70 as a demand level,” According…
Developers and investors accuse Trump-linked crypto project of unfair blacklisting and withholding funds World Liberty Financial (WLFI), a cryptocurrency project with links to US President Donald Trump, is under fire after developers and investors accused it of illegally freezing token allocations. Critics argue that the project’s compliance practices are flawed, with one developer calling WLFI “the new age mafia.” Developer Calls WLFI a “Scam” Bruno Skvorc, a blockchain developer known for his work on Ethereum 2.0 and founder of NFT company RMRK, said WLFI wrongfully locked his wallet. According to Skvorc, his tokens were flagged as “high risk” due to…
Cathie Wood’s ETFs double down on Ethereum treasuries and crypto exchange shares Cathie Wood’s ARK Invest has expanded its crypto-focused stock portfolio, purchasing $16 million worth of BitMine Immersion Technologies and $7.5 million of Bullish stock across three of its flagship ETFs. The move highlights the firm’s ongoing conviction in digital asset companies despite recent market volatility. ARK Invest’s Latest Allocations Trade disclosures from Friday show that the ARK Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF) collectively bought 387,000 shares of BitMine and 144,000 shares of Bullish. These new allocations follow ARK’s August investment…
President Lukashenko urges lawmakers to set transparent rules while balancing innovation and state control Belarus is moving closer to a structured cryptocurrency framework as President Aleksandr Lukashenko called on lawmakers to establish clear and transparent rules for digital assets. The directive underscores the country’s desire to embrace blockchain innovation while ensuring state oversight of trading and mining activities. Belarus Seeks Regulatory Clarity At a recent government meeting, Lukashenko emphasized that the rapidly evolving crypto industry requires rules that are easy to understand. “The task of the state is to determine transparent rules of the game and mechanisms for control. This…
Playful barbs over price action — and hairlines — capture the crypto community’s attention A light-hearted online feud between Litecoin’s official social media account and crypto influencer Benjamin Cowen stirred up the crypto community this week. What began as criticism of Litecoin’s price performance turned into a viral exchange of memes, jokes, and sharp one-liners that even pulled in other crypto projects. The Spark: Price vs. Market Cap Cowen kicked things off by mocking Litecoin’s long-term performance against Bitcoin, posting a chart with the caption: “the quiet part.” In response, Litecoin fired back with humor aimed at Cowen’s appearance: “Your…
Explosive volume and resistance test underline growing volatility Stellar (XLM) staged a sudden 5% intraday rally before reversing sharply in the final trading hour, closing near $0.358. The volatile price action highlights the ongoing tug-of-war between bulls and bears, with heightened trading volumes suggesting increasing institutional interest. The chart shows XLM hovering just above its critical support zone between $0.34 and $0.36, a level that has repeatedly prevented deeper declines in recent weeks. Meanwhile, the token faced heavy rejection at the $0.42 and $0.47 resistance zones, marked in red. BITX Analysts point out that “Stellar remains locked in a consolidation…
Proposed rule changes raise entry barriers, giving stronger digital asset treasury firms an advantage Nasdaq is moving to tighten its listing standards, a shift that could raise costs for shell companies and reshape how digital asset treasury (DAT) firms access public markets. While the changes are designed to improve compliance and strengthen market quality, they may also limit smaller players from using shell entities as a pathway into the crypto economy. Key Proposed Changes The proposed Nasdaq listing standards introduce three major updates: Nasdaq said it has submitted the proposed rules to the SEC for review and plans to implement…
Key resistance levels cap recovery efforts as volatility persists World Liberty Financial (WLFI) continues to trade under pressure, with prices holding near $0.1889 after a steep decline earlier this week. The token has dropped over 30% in recent sessions, leaving traders to closely monitor critical resistance and support levels for the next move. The chart highlights WLFI consolidating just above its local support around $0.18, where buyers have stepped in to prevent further losses. On the upside, sellers remain active at the $0.21 and $0.25 resistance zones, which have consistently capped recovery attempts. BITX technical analyst noted, “For WLFI to…
