Interactive Brokers Secures Spot as Crypto-Linked Firms Face Setback Shares of Robinhood Markets (HOOD) and MicroStrategy (MSTR) fell in after-hours trading on Monday after both companies were overlooked for inclusion in the S&P 500 index. The coveted spot went instead to Interactive Brokers Group (IBKR), which will replace Walgreens Boots Alliance when the index rebalances this week. Why Robinhood and MicroStrategy Were Snubbed The S&P Dow Jones Indices announced that Interactive Brokers would join the benchmark index on Thursday, ending speculation that Robinhood and MicroStrategy might make the cut. Market analysts had expected Robinhood to be a strong candidate, while…
Author: Blockto Team
DOGE Faces Pressure After Rejection From Resistance, Traders Eye Key Levels Dogecoin (DOGE) recorded a 4% decline in the latest session, slipping toward the crucial $0.0023–$0.0026 support area. The move comes after repeated failures to sustain momentum above the $0.0030 zone, with technical signals now suggesting a decisive phase for the popular meme-inspired cryptocurrency. On the chart, DOGE has been trending lower after its July rally stalled near $0.0037, where heavy selling emerged. Since then, the token has entered a corrective structure, with the red resistance band near $0.0037–$0.0040 proving to be a ceiling for bulls. Price action has now…
Crypto Exchange Considers Frankfurt or New York for Public Listing Vienna-based cryptocurrency exchange Bitpanda has ruled out an initial public offering (IPO) in London, citing poor liquidity on the London Stock Exchange (LSE). The decision comes as the UK faces its sharpest IPO downturn in decades, raising concerns about the exchange’s competitiveness compared to other global financial hubs. Eric Demuth, co-founder of Bitpanda, revealed that the company is still exploring options for a public listing but confirmed that London will not be considered. Instead, Frankfurt and New York are potential venues, though no specific timeline has been announced. “Currently, liquidity-wise,…
Market Split on Whether Recovery Can Sustain Beyond Key Support XRP slipped nearly 3% in early trading, briefly testing the lower end of its recent range before recovering above $2.90 late in the session. The move comes as investors weigh the token’s technical setup against fresh headlines surrounding the Gemini-Ripple credit card initiative, which aims to expand XRP’s use case in mainstream finance. On the charts, XRP has displayed a sharp breakout from its previous falling channel pattern, with a rally in July that pushed prices above $3.50 before meeting strong resistance. Since then, the asset has settled into a…
REX Financial CEO Greg King has cautioned that most cryptocurrencies outside the top 10 are risky, urging ETF issuers to be highly selective when introducing new crypto-based funds. In a recent interview with Bloomberg’s ETF IQ, King stated: “Crypto gets pretty sketchy below the top 10, certainly below the top 20.” This warning comes at a time when crypto ETFs are gaining momentum, following the success of spot Bitcoin ETFs and a friendlier regulatory stance under the Trump administration. Why ETF Issuers Need to Be Selective Greg King highlighted that there won’t be a massive surge in ETF filings for…
Altcoin enthusiasts may need to wait longer for the next big rally, as Bitfinex analysts predict that an altseason—a period when altcoins outperform Bitcoin—won’t begin until more cryptocurrency ETFs hit the market. Why ETFs Matter for Altseason According to Bitfinex’s market report, the approval of new crypto exchange-traded funds (ETFs) could trigger strong, price-agnostic demand across the altcoin market. Analysts believe these investment products will open the door for traditional investors, helping create a broader re-rating of digital assets beyond Bitcoin. Currently, Bitcoin dominance remains high at 58.58%, even after dipping 6% in the past month, which limits the growth…
Chainlink has announced a major collaboration with Japan’s SBI Group aimed at advancing tokenized assets and stablecoin infrastructure, even as LINK prices pulled back. Chainlink’s native token, LINK, slid nearly 5% in the past 24 hours, trading around $23.47 despite news of a high-profile partnership with SBI Group, one of Japan’s largest financial institutions. The agreement seeks to expand the adoption of tokenized real-world assets and stablecoin solutions, a move many industry experts view as a cornerstone for blockchain integration in traditional finance. On the charts, LINK recently rejected from the $27–$28 resistance zone, pulling back to the $23–$24 support…
A crypto trader known as “White Whale” claims that crypto exchange MEXC froze $3.1 million in funds and later offered an “exclusive invitation” to Malaysia to resolve the issue in person. The trader says this request is unusual and raises serious safety concerns, citing the growing risk of crypto-related kidnappings. What Happened? Trader Rejects the Offer The trader refused the trip, calling it a “coercive tactic” and launched a $2 million social media pressure campaign under the hashtag #FreeTheWhiteWhale. The campaign incentivizes users to mint a free NFT on Base and tag MEXC or its COO on X (Twitter). MEXC…
Bitcoin’s sharp decline has triggered over $900 million in crypto liquidations within 24 hours, marking the biggest flush-out since early summer. Massive Liquidations After Jackson Hole Rally Ends The crypto market witnessed a major shakeout as Bitcoin briefly plunged below $109,000, erasing all gains made since the Federal Reserve Chair’s Jackson Hole speech. According to CoinGlass data, more than 200,000 traders were liquidated, amounting to over $900 million, with the majority being long positions. Analysts attribute the sudden drop to a large holder selling 24,000 BTC, which triggered a cascading effect of liquidations. Rachael Lucas, an analyst at BTC Markets,…
Ethereum slipped under $4,330 after failing to extend gains toward $4,900, raising concerns about short-term market strength. Ethereum’s rally took a pause this week as the second-largest cryptocurrency by market capitalization pulled back from recent highs. After briefly testing the $4,895 resistance zone, ETH has retraced below $4,330, reflecting profit-taking and renewed selling pressure across the broader digital asset market. The rejection near $4,895 confirms strong selling interest at this level, which aligns with previous market tops. The price is now hovering around $4,300–$4,350, where the immediate support has formed. If this range fails to hold, Ethereum could revisit the…
