Major Altcoin Extends Rally as Market Momentum Strengthens Ethereum (ETH) surged past $4,700 in the latest weekly session, marking its strongest performance in over two years. The move positions ETH just below its historical resistance zone near the $4,800–$5,000 range, a level last tested during the previous market cycle peak. The breakout reflects growing bullish sentiment across the cryptocurrency market, supported by increased trading volumes and renewed risk appetite. Analysts say the rally has been driven by both technical breakouts and fundamental catalysts, including expectations of broader market liquidity from upcoming monetary policy shifts. “Ethereum is in a strong technical…
Author: Blockto Team
Ether Outperforms While Investors Anticipate Federal Reserve Rate Cut Bitcoin dominance dropped to 59.28% on Tuesday, marking the first time in months the metric has fallen below the key 60% threshold. The decline comes amid a surge in altcoin performance, led by Ether, as broader risk assets — including U.S. stocks — hit fresh highs. The pullback in BTC dominance reflects capital rotation within the crypto market, where traders are reallocating exposure to alternative digital assets ahead of what many expect will be a September interest rate cut by the Federal Reserve. “A break below 60% is a strong signal…
OKB, the native token of OKX, soared nearly 160% after the exchange announced a one-time burn of over 65 million tokens, fixed its total supply at 21 million, and rolled out major upgrades to its Polygon-powered X Layer network. On Wednesday, OKB rallied from a daily low of $45 to highs of $135, following OKX’s confirmation that it had permanently removed 65,256,712 OKB from circulation. The tokens, sourced from historical repurchases and treasury reserves, bring the total supply down to a fixed cap of 21 million. Expanding the X Layer Ecosystem The exchange will launch an ecosystem fund and provide…
Low BTC Volatility and Rising ETH Momentum Signal Diverging Trader Expectations Bitcoin (BTC) is consolidating just under the $120,000 mark, while Ethereum (ETH) has accelerated toward $4,700, boosted by political commentary from former U.S. President Donald Trump and growing market bets on a potential Federal Reserve rate cut. Market data shows that BTC’s implied volatility remains near historic lows, suggesting traders expect limited near-term price swings. In contrast, ETH’s short-dated volatility has risen sharply, indicating heightened expectations for short-term upside. “BTC implied volatility remains near all-time lows while ETH’s short-dated vol has jumped materially — that’s a sign traders see…
A major Ethereum whale group holding over $5.6 billion in Ether has sold $88.2 million worth of tokens in just 15 hours, intensifying short-term profit-taking pressure on the market. Blockchain analytics firm Lookonchain revealed that the “7 Siblings” collective — which controls around 1.21 million ETH — sold 19,461 ETH at an average price of $4,532. The group’s wallets show a pattern of distributing holdings across multiple addresses, with substantial deposits made into Aave v3, a decentralized lending and borrowing platform. Between Feb. 3 and April 7, the whale group accumulated 103,543 ETH for $229.7 million at an average of…
Wisconsin lawmakers are advancing legislation to tighten oversight of crypto ATMs, aiming to curb fraud and protect consumers from scams. On Monday, Senator Kelda Roys and six other Democrats introduced Senate Bill 386, a companion bill to Assembly Bill 384, filed in the state’s lower house on July 31 by Representative Ryan Spaude. The identical bills allow both chambers to review the measure simultaneously, increasing the likelihood of swift passage. Key Provisions of the Bill Under the proposed law, crypto ATM operators in Wisconsin would be required to: Federal and Global Crackdown The move follows an Aug. 4 advisory from…
Legal Resolution Fuels 45% Monthly Gains and Strong Market Support Levels XRP has recorded a notable 4% daily gain and an impressive 45% rise over the past month, following the announcement that Ripple Labs and the U.S. Securities and Exchange Commission have officially dismissed their respective appeals, marking the end of a long-running legal battle. This resolution has spurred institutional buying, with daily trading volumes surging by 208% as large-scale investors re-enter the market. The price currently hovers around $3.21, holding above a key support zone between $3.00 and $3.05, as visible on the 4-hour chart. Analysts point out that…
Digital asset treasuries seen as emerging high-yield alternative for institutional investors Pantera Capital has committed $300 million to crypto treasury companies, arguing they could deliver stronger returns than holding digital assets through spot exchange-traded funds (ETFs). In a statement on Tuesday, Pantera general partner Cosmo Jiang and content head Erik Lowe said digital asset treasuries (DATs) can grow net asset value per share by generating yield, resulting in increased token ownership over time. “Owning a DAT could offer higher return potential compared to holding tokens directly or through an ETF,” they wrote. The venture firm’s investments span the US, UK,…
$200 Million Accumulation Offsets Late-Session Weakness Dogecoin (DOGE) gained 5.6% in the latest session, buoyed by reports of a $200 million whale accumulation that has underpinned market sentiment despite a late-day selloff. While broader macro conditions remain uncertain, the memecoin’s higher lows and consistent whale bids are keeping its near-term structure constructive. On the 4-hour chart, DOGE recently rebounded from a major demand zone near $0.00300 (orange band), a level that has historically drawn aggressive buying interest. The bounce was followed by a push into the $0.00350–$0.00355 range, just below the overhead supply zone near $0.00380–$0.00395 (red band). “Whale accumulation…
Multi-agency operation targets ransomware group linked to Royal gang US and international law enforcement agencies have dismantled key infrastructure belonging to the BlackSuit ransomware group, seizing servers, domain names, and approximately $1 million in cryptocurrency. The US Department of Justice (DOJ) announced Monday that the operation, conducted in late July, involved the Department of Homeland Security’s Homeland Security Investigations (HSI), the Secret Service, the IRS, and the FBI, alongside law enforcement from the UK, Germany, Ireland, France, Canada, Ukraine, and Lithuania. A Persistent Threat to Critical Infrastructure BlackSuit, considered a spinoff of the Royal ransomware gang, has been active since…
