A Shift in Regulatory Tone at the Wyoming Blockchain Symposium At the Wyoming Blockchain Symposium in Jackson Hole, US Securities and Exchange Commission (SEC) Chair Paul Atkins signaled a significant shift in how the agency views digital assets. Speaking on Tuesday, Atkins stated that in his view, “very few tokens are securities,” a marked departure from the stance taken under his predecessor. The remarks came as part of the SEC’s Project Crypto, an initiative aimed at providing a framework for digital asset regulation. Atkins emphasized that the commission intends to take a more tailored approach, evaluating tokens within the context…
Author: Blockto Team
Institutional Distribution Adds to Retail Struggles The Internet Computer Protocol (ICP) has come under renewed selling pressure, slipping toward a critical support zone near $5. Analysts note that recent price action reflects both institutional distribution and weakening retail participation, as volume spikes accompany downward moves. After failing to sustain gains above the $5.60–$5.70 resistance region, ICP has steadily pulled back. The token now hovers around $5.09, just above a key demand zone between $4.80 and $5.00. Technical analysts caution that a decisive break below this range could trigger further declines toward $4.50. “Volume spikes during sell-offs often indicate that larger…
SoFi Technologies is set to make history as the first U.S. bank to integrate the Bitcoin Lightning Network and Universal Money Address (UMA). In partnership with Lightspark, SoFi will enable millions of users to send international payments faster, cheaper, and more transparently than ever before. This move positions SoFi to compete directly in the $740.5 billion global remittance market, offering an alternative to traditional cross-border payment services. Why This Move Matters for Global Remittances The remittance industry has long been dominated by costly, slow, and outdated systems. According to the World Bank, the average global remittance fee hovers around 6%,…
Solana-based memecoin faces volatility amid shifting market flows The price of BONK (BONK/USDT) has slipped by nearly 3% in the past 24 hours, failing to reclaim a critical resistance level after repeated attempts. The Solana memecoin, known for its high volatility, is now testing lower support levels as retail selling intensifies while selective institutional interest emerges. BONK recently attempted to push back above the $0.000024–$0.000026 resistance zone, but sellers quickly absorbed the move, leading to another decline. The token is now consolidating near $0.00002170, resting on the green support band highlighted in recent trading sessions. “The inability to break through…
A Spanish decentralized finance (DeFi) investor has been slapped with a $10.5 million tax bill after authorities classified a crypto-backed loan as taxable gains — a move that has sparked outrage among tax experts and crypto advocates. The Case: Loan Treated as Profit According to local reports, Spain’s tax agency (Agencia Estatal de Administración Tributaria, AEAT) issued a €9 million ($10.5M) back tax claim against the investor, despite the fact that: The controversy centers on the investor’s decision to deposit assets into a DeFi protocol in exchange for a stablecoin loan. Authorities classified this movement of funds as a capital…
ADA Struggles to Break Key Supply Zone After Strong Rebound Cardano (ADA) is trading at $0.907, down 5.5% on the day, after failing to break through the psychological $1 barrier. Despite strong momentum from July lows, the price is now consolidating as traders watch critical resistance and support levels that could determine ADA’s next move. The daily chart shows ADA rallying sharply from the $0.65–$0.70 demand zone, where buyers stepped in after a prolonged downtrend. The breakout from a falling wedge pattern in mid-July fueled a surge toward $0.95–$1.00, a zone that previously acted as strong resistance. However, the rejection…
ETH Faces Correction Following Rejection at $4,800 Ethereum (ETH) fell to $4,197, down 2.7% in the last 24 hours, as the market cooled off after a sharp rally to $4,805 earlier this month. The drop highlights profit-taking pressure and leaves traders watching key support zones to gauge whether the uptrend can resume. The daily chart shows Ethereum advancing from July lows near $2,800, breaking through multiple resistance levels including $3,200 and $3,750. The strong move culminated in a peak at $4,805, before sellers regained control. ETH is now consolidating just above the $4,000–$4,200 support region, which previously acted as resistance…
Centralized cryptocurrency exchanges (CEXs) remain top targets for hackers despite ongoing improvements in cybersecurity. A single breach can cause massive financial losses, user attrition, and reputational damage. According to Chainalysis, over $2.17 billion has already been stolen from crypto services in 2025, surpassing the entire 2024 figure by mid-year. Such numbers highlight why crisis management for CEX is just as important as technical security. Without preparation, breaches can spiral into public panic and regulatory pressure, often more damaging than the attack itself. Why CEX Crisis Management Must Go Beyond IT Fixes While strong cyber defenses are critical, managing an exchange…
BTC Faces Selling Pressure After Rejection at $122K Bitcoin (BTC) has slipped to $113,881, losing more than 2% in the last 24 hours after failing to hold above $116,000. The decline comes shortly after BTC tested resistance near $122,000, sparking profit-taking and renewed pressure from sellers. The daily chart highlights how Bitcoin recently broke down from a short-term rising channel after a sharp rally in July. The price was rejected near the $122,000–$124,000 resistance zone, where sellers stepped in, pushing BTC lower. At present, BTC is testing the $113,000–$115,000 support region, which also coincides with the breakout level from late…
A $0.15 consolidation range now defines the immediate short-term trading band for XRP. XRP has staged a strong recovery in recent weeks, briefly reclaiming levels above $3.00, but momentum has slowed as traders weigh the sustainability of the rally. The token is currently trading near $3.01, down 0.7% in the past 24 hours, while holding firmly above its July breakout zone. The latest chart signals a tight consolidation band between $2.95 and $3.10, a range that has acted as both support and resistance since early August. Beneath this zone, the green support region around $2.90 has repeatedly attracted buyers, while…
