Judge Pauses Proceedings Pending Key Appellate Court Ruling A U.S. District Court judge in Illinois has granted a temporary stay in the biometric data lawsuit against Coinbase, citing the potential impact of a related case currently under review by an appellate court. In a filing on Thursday, Judge Sharon Johnson Coleman of the Northern District of Illinois approved Coinbase’s request to pause litigation until the Seventh Circuit Court of Appeals issues a ruling in a case involving Nuance Communications and Charles Schwab over voice identification technology. “The Court finds that the stay would simplify the issues and streamline the trial,…
Author: Blockto Team
BTC reclaims $116K, breaking out of consolidation, while traders eye resistance at $120K and beyond. Bitcoin surged past $117,000, staging a strong breakout after weeks of sideways consolidation. The move has sparked renewed optimism among traders, as the cryptocurrency holds firm above its $111K–$113K support zone, highlighted in green on the daily chart. The latest rally follows a descending channel breakout, with bulls pushing BTC above $116K, an area that had capped recent attempts at recovery. Now, attention turns to the upper resistance zone around $120K–$122K, marked in red, where sellers previously defended strongly. Should Bitcoin clear this level, analysts…
ETH Breaks Above Resistance as Traders Eye Federal Reserve Policy Ethereum (ETH) has surged to a new all-time high near $4,890, driven by growing optimism that the U.S. Federal Reserve could introduce a rate cut in September. The move marks one of ETH’s strongest weekly rallies in over a year, as buyers extended momentum from key support levels. On the weekly chart, ETH shows a clean breakout above major resistance at $4,600, an area that had capped gains since 2021. The current rally comes after Ethereum successfully defended the long-term support zone around $1,000–$1,100, which previously acted as a bottom…
Buyers Defend Support, Fueling Strong Rebound Cosmos (ATOM) posted a notable rebound on Thursday, climbing sharply from the $4.20 support level to trade near $4.65, marking an 8% surge within hours. The move came after multiple failed attempts by sellers to push the token lower, highlighting the strength of the demand zone. The 4-hour chart shows that ATOM bounced from the green support band around $4.20–$4.25, an area that has historically acted as a demand zone. Following the rebound, the price briefly touched $4.70, a level aligned with short-term resistance. The next major obstacle lies near the $4.85–$4.90 resistance zone,…
Second-Largest Corporate Ether Holder Targets Capital Efficiency SharpLink Gaming, one of the largest corporate holders of Ether, has authorized a $1.5 billion stock repurchase program as part of its ongoing strategy to strengthen its Ethereum-based treasury reserves. The announcement, made on Friday, highlights SharpLink’s “disciplined capital markets strategy”, with the firm noting that no buybacks have taken place yet. “This program provides us with the flexibility to act quickly and decisively if those conditions present themselves,” said Joseph Chalom, Co-CEO of SharpLink, adding that repurchases will only occur when the stock trades at or below the company’s net asset value…
BTC Rebounds While ETH Leads Altcoin Rally With 10% Gain Bitcoin and Ether saw sharp price rebounds on Thursday after U.S. Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, triggering a wave of crypto futures liquidations totaling $375 million. Bitcoin Rebounds From Key Support Bitcoin (BTC) climbed 3.6% from $111,800 to $116,800, bouncing off critical support levels following Powell’s comments during an economic forum. The Fed Chair signaled that rate cuts could be on the horizon, a move widely interpreted as bullish for risk assets, including cryptocurrencies. ETH Shorts Crushed as Altcoins Rally Ether (ETH) was the…
Biggest Cryptocurrency Laundering Scheme in Taiwan’s History Uncovered Taiwanese prosecutors have charged 14 individuals in what is being described as the country’s largest cryptocurrency money laundering case, involving over $71.9 million in illicit funds and more than 1,500 victims. According to the Shilin District Prosecutor’s Office, the suspects face charges of fraud, money laundering, and organized crime. Prosecutors have requested the confiscation of 1.275 billion New Taiwan dollars ($39.8 million) obtained from victims, along with $1.8 million in cash, luxury vehicles, and cryptocurrency assets, including Bitcoin and USDT. How the Scheme Operated Authorities allege that the group laundered $71.9 million…
Strong Breakout as Market Reacts to Macro Cues Ethereum (ETH) extended its bullish momentum on Thursday, climbing above $4,600 for the first time in months, as investor sentiment improved following Federal Reserve Chair Jerome Powell’s latest remarks. The move reflects both macroeconomic optimism and growing confidence in Ethereum’s network strength. On the daily chart, ETH recorded a sharp rebound, closing near $4,606 with an intraday gain of 8.9%. The rally came after buyers defended the crucial support at $4,200, signaling renewed strength among bulls. The next major resistance is visible around $4,805, a level marked by the recent local high.…
BTC Bounces Strongly From Key Support Zone, Traders Eye $123K Resistance Bitcoin (BTC) showed renewed strength on Thursday, rebounding sharply from the $112,500 support zone following comments from U.S. Federal Reserve Chair Jerome Powell. The world’s largest cryptocurrency is trading around $114,200, up nearly 5% in the past 24 hours, as investors interpret Powell’s remarks as a sign of easing pressure on risk assets. For weeks, Bitcoin had been trading inside a descending channel, with price repeatedly testing lower support levels while facing consistent resistance near $123,000. The recent move has injected bullish momentum, with the green demand zone between…
Blockchain Utility in $150 Trillion Payments Market Fuels Investor Interest Hedera Hashgraph (HBAR) is once again in the spotlight as the token tests a critical support level at $0.23 following a failed bounce from recent highs. Traders are closely watching this zone, which has acted as a structural base throughout August, as the broader market debates whether HBAR can sustain its bullish momentum. Over the past months, HBAR has demonstrated sharp volatility. After breaking out of a prolonged downward channel in June, the token rallied strongly, touching resistance near $0.28 before retracing. Currently, the price consolidates in a defined range…
