Spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) faced significant outflows on Friday, following the Federal Reserve’s latest inflation report, which revealed a hotter-than-expected rise in core prices. Analysts link the surge to President Donald Trump’s tariff policies, which have increased import costs and contributed to inflationary pressures. Massive ETF Withdrawals Amid Inflation Concerns According to SoSoValue data, Ethereum ETFs saw net outflows of $164.64 million, snapping a five-day streak of inflows that previously added more than $1.5 billion to the asset class. Bitcoin ETFs also turned negative, posting $126.64 million in outflows, marking their first daily loss since…
Author: Blockto Team
Dogecoin Faces Renewed Selling Pressure as Support Levels Tested Dogecoin (DOGE) has fallen by nearly 5% in the past 24 hours, slipping toward the critical support area near $0.0023. The latest decline reflects persistent weakness in the memecoin’s structure, as repeated formations of lower highs suggest that sellers remain firmly in control of the trend. The chart reveals that after breaking out of a descending wedge pattern earlier this summer, DOGE staged a sharp rally that briefly pushed prices above $0.0040. However, this surge was short-lived, and the asset has since been unable to reclaim those highs. Multiple failed attempts…
The native token of the Pudgy Penguins ecosystem, PENGU, faced a sharp decline in August, shedding over 20% of its value, despite the launch of its much-anticipated mobile game. Pudgy Party Game Launch Fails to Boost PENGU Price On Friday, PENGU dropped nearly 4%, even as the Pudgy Party game gained strong traction among users. The battle royale-style mobile game was released on both Android and iOS, recording over 50,000 downloads on the Google Play Store and securing a spot in the top 10 most downloaded games on Apple’s App Store. However, the positive reception for the game did not…
BONK Price Rebounds With Strong Momentum From $0.000020 Zone Bonk (BONK), the popular Solana-based memecoin, has staged a sharp rebound after successfully retesting its critical support near $0.000020. The token surged more than 20% in recent sessions, signaling renewed buying interest after weeks of consolidation. The chart highlights how BONK previously broke out of a descending channel in late June, sparking a bullish wave that carried prices above $0.000032. However, heavy selling pressure soon capped the rally, sending the token back toward lower levels. Now, with buyers stepping in at the green support zone, BONK has regained momentum and is…
The high-profile lawsuit against Bitcoin treasury giant Strategy has been officially dismissed, marking a significant victory for crypto treasury firms. According to a recent court filing, the plaintiffs and an investor group voluntarily ended the case, permanently closing the door on future legal action related to these claims. Case Dismissed With Prejudice The court filing states that lead plaintiffs Michelle Clarity and Mehmet Cihan Unlusoy, along with investor Anas Hamza, submitted a stipulation for dismissal. The filing confirms that “the dismissal with respect to Co-Lead Plaintiffs’ claims and Anas Hamza’s claims… is with prejudice.” What does this mean? A dismissal…
XLM Struggles to Hold Above $0.36 After Renewed Selling Pressure Stellar (XLM) declined by nearly 4% in the last 24 hours, slipping toward the lower end of its recent trading range. The cryptocurrency, which has been under pressure for several weeks, is now testing critical support near the $0.35–$0.36 zone, a level that traders are watching closely for signs of either stabilization or further downside. The chart highlights that XLM had previously staged a strong recovery after breaking out of a falling wedge pattern earlier this month. That breakout fueled a sharp rally toward $0.48, where sellers stepped in aggressively.…
Dogecoin (DOGE) is making headlines again as Alex Spiro, Elon Musk’s prominent attorney, is reportedly set to chair a $200 million Dogecoin treasury company, according to a recent Fortune report. This move underscores the growing trend of crypto treasury vehicles, allowing investors to gain exposure to digital assets without direct ownership. What is the $200M Dogecoin Treasury Plan? The planned company aims to raise at least $200 million as a public vehicle to hold Dogecoin on its balance sheet. This means investors could buy shares in the company, indirectly gaining exposure to DOGE without holding the tokens themselves. The project…
Tether, the issuer of the world’s largest stablecoin USDT, has abandoned its plan to freeze smart contracts on five blockchains. The affected chains include Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. This decision comes after feedback from community members, ensuring that tokens on these networks will remain transferable but not redeemable or newly issued. Tether’s Updated Strategy Explained Initially, Tether announced it would end support on September 1, which meant freezing USDT on the above blockchains. However, the revised plan allows users to continue transferring tokens, although official support and redemption services will no longer be provided. Tether…
BTC Loses Key Support as Traders Watch $105K Zone Bitcoin (BTC/USD) slipped to around $107,900, marking a decline of over 4% in the last 24 hours, as the leading cryptocurrency struggles to hold above a key support zone. The move reflects heightened volatility, with sellers gaining momentum after BTC failed to sustain levels above $112,000. The chart indicates that BTC recently rejected from the $122,000 resistance zone, forming a descending channel pattern. This pullback has pushed the price back into the $108K–$110K support area, a critical region that traders consider a line of defense for bulls. “The $108K level is…
NEAR Faces Pressure After Multiple Failed Attempts at Resistance NEAR Protocol (NEAR) is once again testing its crucial support zone near $2.40, a level that has repeatedly acted as a base during recent market pullbacks. The asset, which has been trading in a wide range between $2.30 and $2.90, now finds itself at a decisive point as traders await confirmation of the next directional move. The 4-hour chart highlights NEAR’s repeated rejections near the $2.90 resistance zone, where selling pressure intensified. Following its mid-August rally, the token has struggled to maintain momentum, with lower highs forming a bearish structure. Currently,…
