AAVE rebounds from a critical support level, gaining 3% as traders eye the next resistance zone near $320. Decentralized finance token AAVE posted a 3% rise in the last trading session, bouncing back from its $270–$280 support band. The move highlights strong demand at lower levels, signaling that bulls are still committed to defending the mid-term uptrend despite recent corrections. The 4-hour chart reveals that AAVE recently tested the $270–$275 green support zone, a level that has historically acted as a strong demand area. Following the bounce, price is currently trading near $284, with short-term momentum indicators turning upward. On…
Author: Blockto Team
Investors rush to secure XPL rewards in one of crypto’s most anticipated stablecoin projects Plasma, a stablecoin-focused blockchain startup, has made headlines after its new on-chain USDT yield program with Binance hit its $250 million cap in less than an hour. The overwhelming demand underscores investor appetite for both stablecoin yield products and exposure to Plasma’s highly anticipated XPL native token. Program Details and Investor Demand The offering, known as the Plasma USDT Locked Product, launched on Binance Earn at 12:00 UTC on Wednesday. The product allows users to deposit USDT in exchange for daily USDT rewards. In addition, participants…
Chainlink (LINK) continues its upward momentum, pushing toward a critical resistance after breaking out of long-term consolidation. Chainlink surged nearly 5% in the past 24 hours, trading around $25.19 as buyers defended higher support levels. The move comes after weeks of consistent accumulation, with technical indicators pointing to a potential test of the $26 resistance zone, which has already rejected price action twice this month. The 4-hour chart shows LINK successfully breaking out of a prolonged descending wedge pattern, which triggered a sharp rally from the $15–$16 support zone in mid-July. Since then, the token has held steady above the…
Institutional inflows surpass $13B as ETH tests bitcoin’s dominance Ether (ETH), the world’s second-largest cryptocurrency, is staging a strong comeback after a steep correction earlier this year. According to a new report from Citi, rising demand for spot ETH exchange-traded funds (ETFs) and growing on-chain accumulation are driving renewed momentum, positioning Ether as a serious challenger to Bitcoin’s dominance. ETF Demand Accelerates Citi analysts highlighted that cumulative net inflows into spot ETH ETFs have surged past $13 billion, a dramatic rise from just $2.6 billion in April. Institutional adoption has accelerated, with treasury companies now holding nearly $10 billion worth…
Market eyes Fed rate cut signals amid inflation concerns Bitcoin (BTC) dropped below $113,000 on Wednesday, touching a two-week low of $112,565, as investors positioned themselves ahead of Federal Reserve Chair Jerome Powell’s speech at the annual Jackson Hole symposium. Traders see Powell’s remarks as a crucial signal for the U.S. central bank’s next steps on interest rate cuts. Analysts say the move reflects “rising nerves in the market” as macroeconomic uncertainty weighs on sentiment. Ryan Lee, chief analyst at Bitget, noted that Powell’s comments could reset market expectations in the short term. “Now, letting the narratives settle and liquidity…
Advocacy bodies warn against Wall Street’s influence on stablecoin regulation Tensions are escalating in Washington as crypto industry groups clash with Wall Street bankers over the future of stablecoin regulation under the newly enacted GENIUS Act. The dispute centers on proposed changes that critics say would unfairly advantage banks while stifling innovation in the digital asset sector. Several U.S. banking associations, led by the Bank Policy Institute (BPI), have urged Congress to tighten the GENIUS Act by addressing what they describe as a “yield loophole.” While the law prohibits stablecoin issuers from directly offering yields, it does not explicitly ban…
Crypto exchange strengthens regulatory strategy amid global compliance push Cryptocurrency exchange OKX has appointed Marcus Hughes as its new vice president and global head of government relations, reinforcing its commitment to navigating the fast-evolving global regulatory environment. Hughes brings more than 20 years of experience in scaling regulated businesses and shaping crypto compliance strategies across multiple jurisdictions. Hughes most recently served as global head of regulatory strategy at Kraken, where he played a pivotal role in guiding the exchange through complex international compliance frameworks. Prior to Kraken, he held senior leadership positions at Coinbase, including international general counsel and managing…
Federal Judge Rules Against Eddy Alexandre in Major Crypto Fraud A U.S. federal judge has ruled that Eddy Alexandre, founder of the failed crypto investment platform EminiFX, must repay more than $228 million in restitution after being found guilty of running a massive Ponzi scheme that defrauded tens of thousands of investors. The judgment adds to his earlier criminal conviction and prison sentence, marking one of the most significant fraud rulings in the crypto sector in recent years. The ruling, issued by U.S. District Judge Valerie Caproni in New York, holds both Alexandre and EminiFX jointly liable for $228,576,962 in…
Memecoins Drive Solana’s Leading Launchpad Back to the Top The memecoin market made a strong comeback in mid-August 2025, with Solana-based launchpad Pump.fun recording its best revenue week of the year. According to DeFi data trackers, the platform earned $13.48 million between August 11–17, its highest since February. This marks a dramatic recovery from early August, when Pump.fun saw its lowest revenue in 17 months, generating just $1.72 million in the week ending August 3. That drop aligned with a broader memecoin crash, where the sector’s market cap fell by nearly $16 billion in a single week, dropping from $77.73…
The $2.90 level is proving crucial for XRP as uncertainty from ETF decisions and security concerns weighs on sentiment. XRP has retreated to the $2.88–$2.90 support band, a zone that has historically attracted strong buying interest. The move comes as broader market uncertainty, fueled by delayed exchange-traded fund approvals and renewed debates over digital asset security classifications, dampens trader optimism. The latest 4-hour chart shows XRP losing grip on the $3.00 handle after multiple failed attempts to hold above the psychological barrier. Immediate support now sits within the green demand zone at $2.85–$2.95, where the asset has bounced several times…
