Key support zone prevents deeper losses after channel breakdown Bitcoin (BTC) is currently trading at $109,005, bouncing slightly after testing a major support zone near $108,000. The move comes following a steep pullback from recent highs, as BTC struggles to maintain momentum within a descending channel. The daily chart shows that Bitcoin has been consolidating inside a falling parallel channel, with consistent lower highs and lower lows since peaking near $122,000 earlier this summer. After weeks of downward pressure, the price has now found a floor at the green demand zone around $108,000–$109,000, which has acted as a critical pivot…
Author: Blockto Team
New proof-of-burn token reignites debate over Ethereum’s monetary design The Ethereum Community Foundation (ECF) has introduced BETH, a token designed as a verifiable record of permanently burned Ether. Unlike Ethereum’s existing EIP-1559 fee burn mechanism, BETH creates a tangible receipt system that can be utilized across governance frameworks and DeFi protocols. What is BETH and Why Does It Matter? Launched on August 28, BETH operates through a smart contract that sends ETH to an irretrievable burn address, while issuing an equivalent amount of BETH back to the contributor. While EIP-1559 burns fees during transactions, its effect remains abstract. BETH provides…
Shiba Inu Consolidates Above $0.00001200 While Traders Watch Breakout Levels Shiba Inu (SHIB) is attempting to stabilize after a volatile trading month, with the token defending the $0.00001200 support zone against selling pressure. Market analysts suggest that holding this level could set the stage for a potential rebound, although overhead resistances remain strong. The chart shows SHIB breaking out of a falling channel pattern in late June, which triggered a strong rally toward $0.00001650. However, the price was repeatedly rejected from this zone, leading to a correction and consolidation phase. Currently, SHIB is trading near $0.00001240, hovering just above the…
Utility, Tokenomics, and Liquidity Strategy Could Decide Its Fate With $483 million worth of WLFI tokens locked and a $600 million speculative surge, the upcoming liquidity unlock is drawing comparisons to the infamous TRUMP memecoin collapse. The question now is: Can WLFI’s fundamentals prevent a similar meltdown? Speculative Surge Meets Locked Supply World Liberty Financial (WLFI) is gearing up for its September launch after Futures Open Interest (OI) jumped sixfold in just 10 days, reaching $600 million. Nearly 54% of this OI sits on Binance, signaling concentrated speculative interest. However, 16% of WLFI’s supply—about $483 million—is currently locked. To prevent…
Fewer Deals, Bigger Bets Signal Market Maturity Web3 startups secured $9.6 billion in venture capital during Q2 2025, marking the second-largest quarter on record despite the number of deals falling to a two-year low, according to a new report by Outlier Ventures. Only 306 deals were disclosed in the quarter, the fewest since mid-2023. However, median deal sizes surged, reflecting a shift toward high-conviction investments in core infrastructure rather than speculative projects. “Capital is consolidating around the projects that can provide the rails for the next phase of adoption,” the report noted, emphasizing that infrastructure-first strategies are now seen as…
Trump’s Pro-Crypto Push Sparks Debate Over Traditional Safe Havens With the Trump administration openly supporting digital assets, a growing question is emerging in financial markets: Should investors ditch gold in favor of Bitcoin as the ultimate hedge? While cryptocurrency adoption is accelerating, analysts warn against a one-sided approach. Gold as a Stock Market Hedge Historically, gold has been the go-to safe haven during equity downturns. Market data shows that during the 2022 stock market slump, gold prices rose about 5% even as the S&P 500 fell nearly 20%. This illustrates its resilience when investors seek security amid stock market volatility.…
Extreme Fear Could Signal a Reversal After Heavy Liquidations Cryptocurrency markets are showing some of their ugliest charts in months, but that could be a contrarian bullish signal, according to macro analyst Alex Krüger. “Most crypto charts now look so broken and bearish that it’s bullish,” Krüger wrote on X, suggesting that panic selling and forced liquidations may have cleared out excess leverage, paving the way for a potential rebound. Long Liquidations Flush Out Leverage Recent price action saw Bitcoin (BTC) drop to around $108,803 and Ethereum (ETH) dip below short-term support levels. Krüger noted that long liquidations have been…
Ripple’s XRP Finds Strong Support Near $2.80 With Signs of Renewed Demand XRP (Ripple) is showing signs of resilience after retesting the $2.80 support zone, sparking optimism among traders that the token could be setting up for a larger bullish continuation. Market observers highlight the emergence of technical patterns that suggest potential upside, with some projections pointing to a move toward the $5.00 region in the medium term. The price chart indicates that XRP recently completed a falling channel breakout in June, followed by a strong rally to nearly $3.80. Since then, XRP has faced persistent selling pressure, repeatedly rejecting…
Political Satire Meets Crypto as Newsom Targets Trump’s Digital Asset Ventures California Governor Gavin Newsom has teased the launch of a “Trump Corruption Coin,” a satirical memecoin aimed at highlighting what he calls the absurdity of former President Donald Trump’s growing involvement in cryptocurrency. Speaking on the “Pivot” podcast, Newsom said the coin will be part of his broader Campaign for Democracy initiative, with proceeds supporting redistricting efforts and voter outreach. “We’re about to put a meme coin out,” Newsom stated. “And you know what, Donald Trump? We’ll see how well your coin does versus our coin.” When asked if…
Social Media Buzz Suggests Market Sentiment Still Optimistic The surge in “buy the dip” mentions across social media platforms is raising caution among analysts as Bitcoin continues its recent decline. According to on-chain analytics platform Santiment, increased chatter about buying the dip is often an indicator that the market hasn’t reached a true bottom yet. “Clearly, people are getting antsy and trying to find entry spots now that prices have cooled,” noted Brian Quinlivan, an analyst at Santiment. Historically, a genuine market bottom forms when fear dominates, and traders lose interest in buying. Santiment emphasized: “Don’t interpret ‘buy the dip’…
