Litecoin (LTC) has stabilized above the $113 level after a recent correction, with traders watching key support and resistance zones to gauge the next major move. The LTC/USDT pair has been trading in a volatile range over the past month. After rallying toward the $132 region in early August, Litecoin faced heavy selling pressure, sending prices back into the green demand zone between $108 and $110. So far, buyers have managed to defend this level, keeping the broader uptrend intact. The chart highlights strong support at $108–$110, which has acted as a buffer during multiple pullbacks. Analysts note that holding…
Author: Blockto Team
A Bitcoin whale has stirred the market by transferring 750 BTC, valued at $83.3 million, to Binance on Tuesday, according to blockchain data. This move comes as whales continue reorganizing holdings amid heightened market activity. 750 BTC Acquired at Just $122 Each On-chain analytics revealed that the coins were originally purchased in 2012 at around $122 per BTC, meaning the holder is sitting on astronomical gains after over a decade of holding. Despite the massive transfer, the original wallet still retains 750 BTC, while a related address holds an additional 2,500 BTC, worth approximately $276.5 million. Both addresses utilize Bech32…
Japanese investment firm Metaplanet has unveiled an ambitious plan to raise $1.2 billion through an overseas share issuance, with $835 million earmarked for Bitcoin purchases. The move strengthens the company’s position as a major institutional Bitcoin holder and signals its continued commitment to a BTC-focused corporate strategy. Massive Share Issuance to Fuel Bitcoin Strategy According to the company’s latest filing, Metaplanet will issue up to 555 million new shares, increasing its total outstanding shares from 722 million to approximately 1.27 billion. The final issue price will be set between September 9 and 11, with payments expected shortly after. The bulk…
Spot Ethereum ETFs are gaining strong momentum in the U.S. market, recording $455 million in net inflows on Tuesday, outpacing Bitcoin ETFs for the second time this week. This marks four consecutive days of positive flows for Ethereum-based funds, signaling a growing institutional preference for the second-largest cryptocurrency. Ethereum ETFs See Strong Institutional Demand Data from SoSoValue shows that BlackRock and Fidelity led the surge in inflows. BlackRock’s ETHA recorded $323 million, while Fidelity’s FETH added $85.5 million. Grayscale’s ETHE and Mini Ethereum Trust also reported positive flows, further boosting Ethereum’s lead over Bitcoin ETFs. By comparison, spot Bitcoin ETFs…
Trading Platform Partners with Coinbase Prime to Offer 240 Digital Assets Webull, a global multi-asset trading platform, has launched cryptocurrency trading services in Australia, just days after reintroducing its crypto offering in the United States. The move signals the company’s renewed focus on digital assets and global expansion plans. Crypto Services Now Available in Australia On Wednesday, Webull Australia announced that it will offer 240 cryptocurrencies through a strategic partnership with Coinbase Prime, providing Australian investors with access to a wide range of digital assets. Rob Talevski, CEO of Webull Securities Australia, emphasized the platform’s commitment to investor choice: “The…
Cryptocurrency adoption in Venezuela is accelerating as the national currency, the bolívar, continues to lose value. With inflation exceeding 229% in May 2024, Venezuelans are turning to digital assets and stablecoins to preserve their purchasing power and conduct everyday transactions. Crypto Payments Become Mainstream From small convenience stores to large retail chains, businesses are increasingly accepting payments in cryptocurrencies through platforms like Binance and Airtm. Many companies are also paying employees in stablecoins such as USDT to safeguard wages against devaluation. Some universities now offer blockchain and crypto-related courses, highlighting the growing role of digital assets in the economy. According…
Dog Token (DOG) is consolidating near a critical support zone at $0.0025, with traders watching for signs of a potential rebound after weeks of sustained selling pressure. The DOG/USDT pair has faced persistent downward momentum through August, slipping from highs above $0.0035 to retest the green support zone around $0.0025. This level has repeatedly acted as a demand area, helping to prevent a deeper correction into the $0.0022 region. The chart shows strong support between $0.0025 and $0.0026, which is currently holding despite heavy selling volume. If buyers manage to defend this region, DOG could attempt a relief rally toward…
Google Cloud has confirmed the development of its own blockchain network for the financial sector, named Google Cloud Universal Ledger (GCUL), which is currently operating in a private testnet phase. A Neutral Blockchain for Financial Institutions According to Rich Widmann, Google Cloud’s Head of Web3 Strategy, GCUL aims to serve as a “performant, credibly neutral” platform designed for financial institutions. The network will support Python-based smart contracts, enabling flexible automation of payments and digital asset management. Widmann emphasized neutrality as a key factor in adoption, stating:“Tether won’t use Circle’s blockchain — and Adyen probably won’t use Stripe’s blockchain. But any…
Analysts raise concerns over Canary Capital’s attempt to list a Trump Coin ETF without a futures market in place. The push for a Trump-themed cryptocurrency exchange-traded fund (ETF) in the United States has sparked regulatory skepticism, as experts question whether the product can clear the approval process. Canary Capital recently filed for its Canary Trump Coin ETF, which aims to directly hold and provide exposure to the Official Trump (TRUMP) token—a memecoin launched by President Donald Trump earlier this year. According to Bloomberg ETF analyst Eric Balchunas, the biggest hurdle lies in compliance with SEC requirements, which traditionally mandate that…
XRP is showing signs of bullish continuation as it consolidates near the $3.00 psychological level, with traders closely watching resistance at $3.08 and support at $2.89. The XRP/USDT pair has gained traction after breaking out of a prolonged downtrend earlier this summer. The token recently tested $3.08 resistance but failed to sustain momentum, retreating slightly to consolidate around $3.01. Analysts note that XRP is forming a bull-flag structure, a technical setup that often precedes further upside if confirmed. The chart highlights key zones shaping the token’s next move. Immediate support lies at $2.89, a level that has been defended multiple…
