New regulatory approvals set stage for global stablecoin orchestration services 1Money, a payment processor building a layer-1 blockchain for stablecoin transactions, has secured 34 U.S. money transmitter licenses alongside a Class F digital asset business license from the Bermuda Monetary Authority. The milestone marks a significant step toward offering regulated stablecoin orchestration services to global markets. Regulated infrastructure for stablecoin adoption With its new licenses, 1Money plans to deliver a full suite of compliant fiat and blockchain solutions, enabling customers to mint stablecoins and real-world asset (RWA) tokens while seamlessly connecting them with traditional banking systems. Brian Shroder, co-founder and…
Author: Blockto Team
Meme Coin Struggles at Support While Investors Question Market Momentum Pepe (PEPE) is once again under pressure, trading near $0.00000096 after repeated failures to reclaim higher resistance levels. The meme-inspired token, which saw massive retail interest earlier this year, is now testing a crucial support zone, with analysts warning of a possible 15% downside risk if market conditions weaken further. The 4-hour chart reveals that PEPE has been unable to break past the $0.00000130–$0.00000150 resistance range, marked by repeated rejections in recent weeks. The token is currently consolidating just above the $0.00000090 support zone, highlighted in green. A sustained breakdown…
Growing concerns over Bitcoin and Ethereum’s vulnerability to quantum computing The US Securities and Exchange Commission’s (SEC) Crypto Assets Task Force is reviewing a new proposal urging regulators and developers to prepare the digital asset market for the coming era of quantum computing. Experts warn that current cryptographic protections securing Bitcoin, Ethereum, and other cryptocurrencies could be broken within the next decade. Quantum risk to trillions in digital assets The submission, titled the Post-Quantum Financial Infrastructure Framework (PQFIF), outlines a roadmap for transitioning the cryptographic foundations of digital assets to quantum-resistant standards. It warns that “cryptographically relevant quantum computers could…
Internet Computer consolidates near key support as traders weigh next move The price of Internet Computer (ICP) has stabilized around $4.80 after a period of heavy volatility, as shown in the latest 4-hour chart. The token has been consolidating above a critical support zone, suggesting that market participants are waiting for fresh momentum before the next decisive move. The chart highlights a strong support zone near $4.60–$4.70, where buyers have consistently stepped in. This area, marked in green, has so far prevented deeper declines. On the upside, the nearest resistance sits around $5.20, with stronger supply pressure identified between $5.50…
Shift from Payment Services Act to stricter Financial Instruments and Exchange Act aims to strengthen investor protection Japan’s Financial Services Agency (FSA) has proposed a sweeping regulatory change that could bring cryptocurrencies under the same framework as traditional securities. The agency’s latest report recommends moving oversight from the Payment Services Act to the more stringent Financial Instruments and Exchange Act (FIEA). Stronger investor protection at the core The FSA highlighted that many issues in crypto markets mirror those long managed under securities law. These include unclear white papers, inaccurate disclosures, unregistered operations, investment scams, and exchange security concerns. In its…
Weekly unemployment claims point to cooling labor market The latest report on U.S. unemployment claims shows a rise to 237,000 initial filings, surpassing both the forecast of 230,000 and the previous week’s total of 229,000. The higher-than-expected number suggests that the labor market, while still relatively stable, is showing signs of slowing momentum as more workers file for benefits. Jobless Claims Data Signals Softening Trend For weeks, jobless claims have been a closely watched barometer of the economy’s health. Today’s increase highlights a shift that could have broader implications for growth and monetary policy. Analysts had anticipated a modest uptick,…
Private sector adds just 54,000 jobs, missing forecasts and signaling cooling labor market The latest ADP Non-Farm Employment Change report revealed that U.S. private employers added only 54,000 jobs in August, well below expectations of 73,000 and sharply down from July’s 106,000. The data underscores concerns that the labor market is losing momentum after months of steady growth. August job gains fall short of forecasts According to the report, hiring in the private sector slowed noticeably compared with July, when job creation had topped 100,000. Analysts had expected a more moderate pullback, but the actual result came in significantly weaker.…
Clearer guidance could keep U.S. crypto markets competitive Crypto trading firm and market maker Wintermute has formally urged the U.S. Securities and Exchange Commission (SEC) to clarify that network tokens should not be classified as securities. The company submitted its feedback in response to the SEC’s request for public comment, stressing that regulatory clarity is essential to prevent the misapplication of securities laws and to support the growth of digital assets. Wintermute described network tokens as assets “intrinsically connected to the functioning of a decentralized network or protocol.” Unlike financial products, these tokens serve as technical building blocks that enable…
MSTR’s valuation top coincided with IBIT’s record launch, highlighting the interplay between equity-based and ETF bitcoin exposure The launch of BlackRock’s iShares Bitcoin Trust (IBIT) options last November marked a pivotal moment for both bitcoin and related equity plays. On November 20, 2024, MicroStrategy (MSTR) hit its cycle peak valuation, just as IBIT options recorded over $2 billion in first-day trading volume. MSTR’s valuation surge and decline At the time, MSTR’s multiple to net asset value (mNAV) — a measure of enterprise value relative to its bitcoin holdings — hit 3.141, its highest point in the cycle. Bitcoin was trading…
Whale accumulation offsets selling pressure, but resistance weighs on momentum XRP is trading at $2.82 after rebounding from session lows near $2.65, with price action consolidating into a symmetrical triangle pattern below the $3.00 mark. While whale accumulation has helped stabilize short-term sentiment, institutional liquidations have capped momentum, keeping upside attempts limited by heavy resistance zones. The 4-hour chart highlights XRP’s symmetrical triangle formation, with price making higher lows from the $2.65 support zone but struggling to push past the $2.95–$3.00 resistance barrier. Key levels to watch include: Traders note that a decisive move above $3.30 could confirm bullish continuation,…
