Record-Breaking Earnings Amid Export Restrictions Nvidia has once again exceeded market expectations, reporting $46.7 billion in revenue for the second quarter of its fiscal year 2026 — a 56% increase year-over-year. Despite restrictive export controls and zero H20 processor sales to China, the chip giant maintained its dominance in the AI and computing sector. The company also posted net income of $26.4 billion and a profit margin of 72.4%, underscoring its strong financial performance. Earnings per share (EPS) came in at $1.08 (GAAP) and $1.05 (non-GAAP), comfortably beating Wall Street projections. However, Nvidia shares slipped 3.3% in after-hours trading as…
Author: Blockto Team
Key Support and Resistance Zones in Focus Bitcoin (BTC) is currently trading near $111,638, showing signs of consolidation after a strong bullish run earlier this year. The latest technical setup reveals critical levels that traders are closely monitoring for the next potential move. After touching the $124,000 zone, Bitcoin has faced a notable correction, forming a descending channel pattern. This signals weakening bullish momentum in the short term. Analysts highlight that BTC is currently holding above a major support area between $108,000 and $112,000, marked by a green zone on the chart. “The market structure remains bullish overall, but short-term…
BCH Holds $555 Zone, Traders Watch for Breakout Toward $600 Bitcoin Cash (BCH) gained 3% in the last 24 hours, climbing to around $557.9 as buyers successfully defended a crucial support area between $540 and $550. The move underscores ongoing bullish momentum after last week’s correction, with technical charts suggesting a potential retest of higher resistance levels. The chart indicates BCH has rebounded strongly from the green demand zone near $540, preventing further downside pressure. This rebound comes after the asset briefly slipped below its rising channel that supported price action through July and early August. Related: DeFi and Layer-2…
Four crypto whales reportedly netted $47.5 million in profits following a 200% price spike in the XPL token on the decentralized exchange Hyperliquid, triggering allegations of market manipulation. XPL Price Soars 200% in Minutes The Plasma blockchain’s XPL token surged from under $0.60 to $1.80 within minutes, creating one of the most dramatic short squeezes in recent memory.According to Spot On Chain, wallet 0xb9c emerged as the main orchestrator, earning over $15 million in profits. Massive Losses for Other Traders While whales profited, multiple traders faced heavy losses. Justin Sun Allegedly Linked On-chain analyst MLM suggested that Tron founder Justin…
ADA Shows Resilience With Strong Technical Support and Rising Volume Cardano (ADA) rose 2% in the last 24 hours, trading near $0.87, even as regulators delayed a decision on a proposed Grayscale ADA ETF. The move signals that investors are focusing more on technical strength and institutional interest rather than short-term headlines. The chart highlights ADA defending its support zone around $0.82–$0.84, where buyers stepped in following a sharp rejection at the $1.00 level earlier this month. Despite the regulatory pause, Cardano’s daily structure remains intact, with price continuing to consolidate above support. Upside targets remain clear. A decisive breakout…
BNB Price Action Shows Strength Above Key Support Levels Binance Coin (BNB) has shown renewed momentum after rebounding sharply from its recent support level near $815, with current prices hovering around $863. The surge comes as traders eye the possibility of a new all-time high, provided bullish momentum continues to hold above critical zones. The technical chart highlights a strong consolidation phase earlier this month, followed by a rebound from the green support band. Analysts point out that BNB’s ability to maintain higher lows has reinforced market confidence, creating conditions for another potential breakout attempt. “If Binance Coin sustains above…
A major coalition of 112 crypto companies, investors, and advocacy groups is calling on the U.S. Senate to protect developers and non-custodial service providers in upcoming digital asset legislation. Industry Unites for Developer Protections Leading crypto firms including Coinbase, Kraken, Ripple, a16z, and Uniswap Labs joined forces in a letter sent to the Senate Banking and Agriculture Committees, urging lawmakers to avoid misclassifying developers as intermediaries under outdated financial rules. The letter stated: “Provide robust, nationwide protections for software developers and non-custodial service providers in market structure legislation. Without such protections, we cannot support a market structure bill.” This united…
SOL Breaks Above $200, Traders Eye Further Upside Momentum Solana (SOL) surged 4.2% in the last 24 hours, climbing to $203.98 and testing a significant resistance zone that has capped gains throughout August. The move comes amid renewed strength in the altcoin market, with SOL now positioned as one of the best-performing large-cap cryptocurrencies of the week. The chart shows Solana trading just below a major resistance band between $205 and $210, a zone that has previously triggered sharp sell-offs. Despite the push higher, traders caution that SOL must secure a daily close above $210 to confirm a breakout and…
Ethereum is attracting major whale interest, with large investors moving significant capital from Bitcoin into Ether as part of what analysts call a “natural market rotation.” Blockchain data suggests that whales are positioning for altcoin season as Bitcoin consolidates near its highs. $456 Million in Ether Accumulated by Nine Whale Addresses According to Arkham Intelligence, nine whale addresses collectively purchased $456 million worth of Ether from BitGo and Galaxy Digital, signaling growing institutional and high-net-worth interest in ETH. This shift reflects a broader trend of profit-taking on Bitcoin positions after its strong rally and redeployment into assets with higher upside…
Base, Coinbase’s layer-2 blockchain, has secured the third spot in global NFT trading volume after a remarkable 70% surge over the past 30 days, according to data from DappRadar. The network’s NFT trading activity hit $47.67 million, pushing Base ahead of competitors like Immutable zkEVM and Solana, which now rank fourth and fifth respectively. This growth highlights Base’s rapid adoption within the NFT ecosystem. What’s Driving Base’s NFT Boom? Several NFT collections have fueled this surge, including Get Based, DX Terminal, and Based Style, which together generated around $25 million in volume. These collections have attracted both collectors and traders,…
