Avalanche (AVAX) has emerged as the fastest-growing blockchain network, topping transaction growth charts with an impressive 66% increase in just one week. The surge comes amid renewed interest in decentralized technology, driven by government initiatives and fresh ETF filings. Avalanche Tops the Charts with 11.9 Million Transactions According to Nansen, Avalanche processed 11.9 million transactions last week, supported by over 181,300 active addresses. This growth outpaced other major blockchain networks, including Starknet (37%) and Viction (35%). The spike in activity indicates a rising demand for Avalanche’s smart-contract platform, which focuses on scalability and usability in decentralized finance (DeFi), gaming, and…
Author: Blockto Team
XLM Price Holds Key Support at $0.37 While Eyes Turn to Resistance Levels Stellar (XLM) is showing early signs of stabilization after rebounding 3% from its weekly lows, with price currently trading around $0.371. The move comes as the token finds strong support near the $0.36–$0.37 region, while investors highlight the growing role of blockchain-based payments in institutional adoption. Stellar Price Technicals Over the past month, Stellar has faced persistent selling pressure, sliding from highs near $0.48 down toward the $0.37 support zone. Technical charts highlight a crucial green support block, where buyers have repeatedly stepped in to prevent further…
The crypto exchange-traded product (ETP) market is gearing up for massive growth, with at least 92 crypto-related ETFs currently awaiting approval from the U.S. Securities and Exchange Commission (SEC). Analysts believe these approvals could mark a turning point for altcoin adoption and institutional participation in the digital asset market. Solana and XRP Lead Pending ETF Applications According to Bloomberg Intelligence analyst James Seyffart, Solana (SOL) and XRP are the most in-demand assets among pending applications. Currently: Other filings include exposure to Dogecoin, Litecoin, and Avalanche, signaling growing investor appetite for diversified crypto portfolios beyond Bitcoin and Ethereum. Applications Surge in…
A recent FinCEN report has revealed that U.S. banks moved $312 billion for Chinese money-laundering networks between 2020 and 2024, fueling operations linked to Mexican drug cartels. Despite these staggering figures, lawmakers continue to target cryptocurrency as the primary culprit for financial crimes. FinCEN Report Exposes Billions in Illicit Bank Transactions The U.S. Financial Crimes Enforcement Network (FinCEN) analyzed over 137,000 Bank Secrecy Act filings spanning four years. Findings show that $62 billion per year, on average, passed through the U.S. banking system from Chinese laundering operations. According to the advisory, these networks form a symbiotic relationship with Mexican cartels:…
Hedera Hashgraph Consolidates Around $0.23 Support, Traders Eye Breakout Levels Hedera Hashgraph (HBAR) is currently trading at $0.234, holding within a tight consolidation range after a sharp decline from its recent highs near $0.30. The market has found stability around a support zone between $0.23 and $0.24, preventing further downside pressure, while upside resistance remains capped near $0.28. After a steep rally in July that lifted HBAR from $0.12 to nearly $0.30, the cryptocurrency has entered a sideways accumulation phase. Technical indicators show that buyers are defending the green support region, but a lack of strong momentum has kept price…
Binance, the world’s largest cryptocurrency exchange by trading volume, has restored futures trading after a temporary outage that disrupted its Unified Margin (UM) product, leaving traders unable to manage positions. System Glitch Disrupts Derivatives Market The outage occurred earlier today, preventing users from closing or adjusting open positions, which significantly impacted the crypto derivatives market. Binance announced the issue via its official X (formerly Twitter) account, confirming that the problem had been resolved: “The issue affecting Futures UM trading on Binance has been resolved. All futures trading is now fully operational.” The disruption raised concerns across the trading community as…
BTC Price Consolidates After Sharp Pullback from $120K Resistance Bitcoin (BTC) has retreated to the $110,000 level, testing a crucial support area near $109,000 after failing to break through resistance above $120,000. The decline highlights growing caution among traders as the market digests recent gains. Over the past two weeks, Bitcoin has struggled to sustain momentum after reaching highs near $125,000. A clear descending channel has formed, with sellers defending the upper range around $120K–$125K, while buyers are attempting to secure a foothold at the green demand zone between $109K and $110K. If Bitcoin holds above $109K, analysts expect a…
The Solana Policy Institute, a nonprofit organization advocating for Solana, has pledged $500,000 to support the legal defense of Tornado Cash co-founders Roman Storm and Alexey Pertsev. This move adds to the growing financial backing from the crypto community as concerns mount over the implications of their convictions. Free Roman Storm Fund Nears $5.5 Million Goal Storm, convicted on August 6 for operating an unlicensed money-transmitting business, is currently pursuing post-trial motions to overturn his conviction. Pertsev, his co-founder, was previously found guilty in 2024 of money laundering related to Tornado Cash, a protocol that allows users to preserve privacy…
Gryphon Digital Mining is witnessing a remarkable rally in its stock price as the company prepares for a highly anticipated merger with American Bitcoin in September 2025. The surge comes amid growing investor confidence and an overall bullish sentiment in the cryptocurrency sector. Gryphon Shares Skyrocket Ahead of Merger Gryphon’s stock price has seen an extraordinary 231% increase since May, when the merger announcement was first made. On Thursday alone, the shares jumped 42.1%, reaching $1.75 from $1.35, according to recent market data. The merger, expected to be completed in early September, will create a combined entity that retains the…
Growing confidence in Solana network drives BONK recovery despite resistance levels BONK, the popular meme coin built on Solana, surged by 4% in the past 24 hours, signaling renewed investor confidence amid broader interest in Solana’s ecosystem. Analysts suggest that institutional participation in Solana-based projects is boosting sentiment for associated tokens, including BONK. At the time of writing, BONK is trading near $0.00002151, consolidating within a critical support zone around $0.00002000, as shown by recent trading activity. The price recently rebounded from this green support area after a sharp decline in early August. Key resistance levels remain at $0.00002500 and…
