LINK Price Faces Resistance as Investors Weigh Supply Reduction Chainlink’s native token LINK has slipped to $22.20, marking a 15% decline from its August peak near $26.30. The drop comes even as the Chainlink reserve moved to remove approximately $5.5 million worth of LINK tokens from circulation, a development that has sparked mixed sentiment among traders. The daily chart shows LINK retracing after its strong July rally, which propelled the asset from $15.60 lows into the $26 zone. Price action now hovers near the $22 support level, with overhead resistance clearly defined between $23.80 and $24.50. A failure to reclaim…
Author: Blockto Team
Strong support around $3.00 offers buyers confidence while sellers hold control near $4.50 SUI has posted a modest rebound, gaining nearly 5% to trade at $3.43. Despite the uptick, the broader technical setup shows the token trapped between critical support levels and overhead resistance zones. Analysts note that while bulls are defending the $3.00 region, SUI still needs a decisive breakout above $3.80 to confirm a sustained rally. The chart highlights a long-term downtrend that began earlier this year, followed by consolidation phases within key demand zones. After sliding to lows near $2.30 in April, the token staged a recovery,…
Investor sentiment shifts as ether struggles with price declines while bitcoin ETFs register strong inflows Ether exchange-traded funds (ETFs) have faced a sharp reversal in momentum, shedding more than $505 million over four consecutive trading sessions. The move follows a strong August in which ether products had outpaced bitcoin ETFs in attracting investor capital. Diverging ETF flows Data from Farside Investors shows that ether ETFs lost $505.4 million in just four days, while bitcoin ETFs gained $283.7 million during the same period. This divergence underscores a cooling of enthusiasm for ether-linked products. In August, ether ETFs had pulled in over…
AFSA and Bybit launch pilot allowing USD-pegged stablecoin transactions in the Astana International Financial Centre Kazakhstan has taken a major step toward digital finance adoption by piloting regulatory fee payments in USD-pegged stablecoins. The initiative, launched by the Astana Financial Services Authority (AFSA) in collaboration with crypto exchange Bybit, marks the first time companies in the Astana International Financial Centre (AIFC) can use digital assets instead of fiat for licensing and supervision fees. Stablecoin adoption in regulatory payments The announcement was made during Astana Finance Days 2025, where AFSA signed a multilateral memorandum of understanding (MMoU) with Bybit. According to…
ICP struggles to hold momentum as sellers dominate near major resistance zones Internet Computer (ICP) is facing a critical phase as price action consolidates around $4.86. The chart shows repeated rejections near the $5.60 resistance zone, while buyers continue to defend the $4.60 support area. Analysts say the next moves will determine whether ICP can stage a rebound or risk further downside pressure. After a strong rally in July that pushed ICP above $6.40, momentum quickly faded. The token broke down from its rising channel, leading to a correction that tested successive support zones. Currently, ICP trades inside a narrow…
Mining giant expands into renewable energy and European markets despite share price struggles MARA Holdings has strengthened its position as one of the largest Bitcoin miners in the world, reporting the production of 705 BTC in August and raising its total treasury to 52,477 BTC. The company maintained a 4.9% share of global mining rewards, even as market conditions weighed on its stock performance. Treasury Strategy and Market Conditions The company mined 208 blocks in August, with its energized hashrate increasing 1% month-over-month to 59.4 exahashes per second (EH/s). Despite ongoing market volatility, MARA chose not to liquidate any of…
Rising momentum signals cautious optimism for SOL traders Solana’s price action has drawn significant attention in recent weeks as the token continues to trade above the $200 mark. The chart suggests that buyers are defending critical support near $180, while a strong resistance ceiling remains in place around $220. Analysts note that the coming days will be decisive for whether Solana can sustain its current trend or face a pullback. The chart highlights a series of higher lows, reflecting steady bullish momentum since July. After rebounding from the $120–$140 zone earlier this year, Solana has gradually climbed, breaking through intermediate…
Hedera Hashgraph Faces Pressure as Support Levels Are Tested Hedera Hashgraph (HBAR) has fallen nearly 4% in the last 24 hours, slipping to around $0.217, as technical signals point to growing selling pressure. The token has been struggling to hold key support after breaking down from recent consolidation patterns, raising concerns of further weakness ahead. The daily chart shows HBAR failing to maintain momentum above $0.25, a resistance area that has repeatedly capped upside attempts since mid-August. Now, the price is hovering around the green support block near $0.21–$0.22, where buyers previously stepped in during July. “HBAR is testing a…
Non-Farm Payrolls Miss Expectations as Unemployment Rate Rises The latest US employment data paints a picture of a slowing labor market, with hiring falling well short of forecasts even as wage growth held steady. According to the report, non-farm employment increased by just 22,000 in August, compared with expectations for 75,000 and a revised 73,000 in July. The unemployment rate edged up to 4.3%, while average hourly earnings grew by 0.3%, matching both forecasts and the prior month’s pace. Economists say the figures highlight a labor market that is losing momentum after a period of resilience. “The sharp slowdown in…
Backed by $200M from Asian institutions, fund aims to accelerate corporate Bitcoin adoption across global markets Sora Ventures has unveiled a $1 billion Bitcoin treasury fund, marking what it calls Asia’s first large-scale institutional Bitcoin pool. The initiative, announced at Taipei Blockchain Week, is designed to bring together corporate capital and reinforce Bitcoin’s role as a reserve asset for treasuries across the region and beyond. $200M Initial Commitment from Institutions The fund launches with an initial $200 million capital commitment from institutional partners in Asia. According to founder Jason Fang, the remaining $800 million will be deployed over the next…
