Hyperliquid’s HYPE token has been gaining attention in crypto circles after prominent investor Arthur Hayes suggested it could have as much as a 126x upside potential. While such projections spark debate, the charts reveal a clearer picture of where the token stands in the short to mid-term. At the time of writing, HYPE/USDT trades at $44.13, holding just above a strong support zone around $42–43. This area has acted as a demand cluster where buyers consistently step in to absorb selling pressure. On the other side, resistance sits at $47 and $51, highlighted in red on the chart. A breakout…
Author: Blockto Team
Agentic AI Startup Claims xAI Tried to Force $600K Licensing Fees and Deplatform Competitors Agentic AI platform Eliza Labs has initiated legal action against Elon Musk’s AI company, xAI, accusing it of monopolistic behavior and attempts to undermine competing projects. According to the lawsuit, xAI allegedly sought to “extract” confidential technical documentation and usage data from Eliza Labs before cutting off its access. The filing claims that xAI later imposed steep enterprise licensing fees, threatening legal action if the payments were not made. From Collaboration to Conflict Eliza Labs co-founder Shaw Walters stated that the partnership began on a positive…
Despite Market Pullback, XRP Holds Key Support Zone and Maintains Bullish Outlook XRP slipped 4% in the past 24 hours amid a broader Bitcoin-led market correction, but the altcoin’s technical setup suggests a potential rally toward the $5 mark remains in play. At press time, XRP trades near $2.80, after testing a crucial support zone between $2.70 and $2.85 (highlighted in green on the chart). This region has historically acted as a strong demand area following XRP’s breakout from its earlier descending channel in June, which preceded the sharp rally toward $3.80. The recent pullback comes after repeated rejections from…
ETH Maintains Uptrend as Bulls Defend Crucial Level Ethereum (ETH) is currently trading around $4,397, maintaining a strong upward trendline despite recent volatility. The 4-hour chart reveals a critical support zone near $4,200, where buyers have repeatedly stepped in to prevent deeper declines. This region aligns with a rising trendline that has been respected since early August. The price action highlights two important demand zones: On the upside, resistance is evident near $4,600, followed by a major barrier at $4,850 – $4,900, where previous highs triggered profit-taking. The ascending trendline from early August remains intact, signaling bullish structure in the…
Aggressive Buyback Strategy Lifts PUMP by 17% Despite a broad crypto market downturn, Pump.fun’s native token, PUMP, surged 17% this week, fueled by the platform’s strategic buybacks. The protocol has deployed platform-generated revenue to repurchase tokens, reducing circulating supply and absorbing selling pressure — a move aimed at restoring investor confidence. $59 Million in Buybacks and Counting To date, Pump.fun has executed $59 million in cumulative buybacks, according to on-chain data from Dune. This liquidity injection is part of a supply-control strategy, addressing the token’s steep decline post-launch. At present, PUMP trades around $0.0035, representing a 40% increase over the…
Landmark Ruling in Crypto-Related Crime In a historic judgment, an Indian anti-corruption court has sentenced 14 individuals, including 11 police officers and a former Bharatiya Janata Party (BJP) MLA, to life imprisonment for their involvement in a high-profile Bitcoin extortion and kidnapping case dating back to 2018. This case, which shook the Indian crypto community, revolved around a conspiracy to seize over 750 Bitcoin from a Surat-based businessman, highlighting the dark side of cryptocurrency adoption in India. What Happened in the Bitcoin Extortion Case? According to reports, the victim, businessman Shailesh Bhatt, had previously invested in BitConnect, a $900 million…
Combined Entity to Trade Under Ticker ABTC Following Reverse Stock Split Gryphon Digital Mining has secured shareholder approval for its planned reverse merger with American Bitcoin, setting the stage for a Nasdaq listing under the ticker symbol ABTC. The Las Vegas-based Bitcoin mining company announced that its stockholders voted in favor of the stock-for-stock merger, which will finalize on September 2. As part of the agreement, Gryphon will execute a five-to-one reverse stock split, reducing outstanding shares from 82.8 million to approximately 16.6 million before the new listing. Once complete, the combined entity will adopt the American Bitcoin name and…
First Institutional-Grade Product Offering Access to HYPE Token Debuts in Europe Institutional investors can now access the Hyperliquid token (HYPE) via a newly launched exchange-traded product (ETP) on the SIX Swiss Exchange, courtesy of Switzerland-based asset manager 21Shares. The listing marks the first time traditional investors can gain exposure to Hyperliquid’s native token without requiring wallets or onchain custody. The move underscores the growing demand for decentralized finance (DeFi) assets within regulated investment vehicles. 21Shares Expands Crypto ETP Lineup In its announcement, 21Shares highlighted Hyperliquid’s rapid rise as one of the leading platforms for decentralized derivatives, processing over $8 billion…
Nation Diversifies Bitcoin Holdings Across 14 Wallets as Security Measure El Salvador has redistributed its $678 million Bitcoin reserve into multiple wallets to strengthen security against future quantum computing threats. The Central American nation, which currently holds 6,274 BTC, transferred its holdings from a single address into 14 separate wallet addresses. Each address now contains up to 500 BTC, according to an announcement from the country’s Bitcoin Office. Why El Salvador Took This Step The move aims to reduce potential vulnerabilities associated with quantum attacks, which experts warn could eventually threaten the security of elliptic curve cryptography (ECC)—the cryptographic foundation…
Hedera Hashgraph Price Action Signals Uncertainty Amid Market Pressure Hedera Hashgraph (HBAR) is facing significant selling pressure as its price tests a crucial support zone near $0.227. The recent downward move comes after a strong rally in July, which was followed by a period of consolidation and repeated rejection from higher resistance zones. According to the latest 4-hour chart data, HBAR is currently hovering around the green support zone between $0.225 and $0.235, a level that has acted as a strong demand area in previous sessions. On the upside, major resistance lies at $0.260 and $0.285, marked by the red…
