Paxos Trust Company has reapplied for a US national trust bank charter, seeking to convert its New York limited-purpose trust charter into a federal license as new stablecoin regulations take shape. The move revives an effort that first began in 2020 but lapsed last year. If approved by the Office of the Comptroller of the Currency (OCC), the charter would allow Paxos to custody customer assets and settle payments nationwide under federal oversight, a step expected to strengthen its appeal to institutional clients. Unlike traditional banks, national trust banks cannot accept cash deposits or issue loans. “OCC oversight will help…
Author: Blockto Team
ICP sees resistance amid distribution phase, key support zones in focus Internet Computer (ICP) has retreated to $5.38 after failing to hold above the $5.75 mark, where heavy selling pressure emerged. The decline follows a brief rally that had pushed prices toward short-term highs, only to face strong distribution from sellers in the red-marked resistance zone. “The rejection around $5.75 shows that bulls are still struggling to gain full control,” said BITX market analyst. “We’re seeing a rotation of positions as short-term traders take profit.” The ICP price chart highlights a clear supply zone between $5.60 and $5.75, where recent…
Bitcoin miner deepens diversification as mining difficulty climbs and AI demand surges MARA Holdings has signed a $168 million agreement to acquire a 64% stake in Exaion, a high-performance computing (HPC) and AI infrastructure provider owned by French state energy giant Électricité de France. The deal marks MARA’s largest move into artificial intelligence and cloud services to date. Under the terms, MARA has the option to increase its stake to 75% by 2027 with an additional $127 million investment, subject to Exaion meeting specific performance milestones. Exaion operates HPC data centers and provides AI and cloud infrastructure services in collaboration…
Bitcoin (BTC) is trading around $119,049, pulling back slightly after a sharp rally that tested resistance near the $120,000 mark. The move comes as traders prepare for a potentially volatile week driven by upcoming US inflation data. The Consumer Price Index (CPI) report, due Tuesday, will be followed by the Producer Price Index (PPI) later this week. Analysts warn that these economic indicators could either fuel BTC’s momentum or trigger a short-term correction. Bitcoin’s recent rally pushed it into a key resistance zone just below $120,000, as seen in recent price action. The chart highlights multiple support areas: A sustained…
The newly introduced US GENIUS Act is set to reshape the stablecoin market, potentially boosting adoption while driving institutional capital toward tokenized real-world assets (RWAs). A key provision of the legislation is its blanket ban on yield-bearing stablecoins, which prohibits holders from earning interest on their digital dollar balances. According to Will Beeson, former Standard Chartered executive and CEO of Uniform Labs, this measure could spark a massive reallocation of funds. He emphasized that trillions of dollars in non-interest-bearing stablecoins are poised to flow into tokenized markets, particularly US Treasurys and money market funds. The focus, he added, is moving…
Buyers push ATOM back above key support amid renewed institutional interest Cosmos (ATOM/USDT) experienced a sharp 6% intraday swing in the latest trading session, with prices falling early before staging a decisive rebound. The token recovered to $4.58, reclaiming lost ground and holding above a critical support zone near $4.45 (marked in green). The move follows a period of heightened volatility in the broader crypto market, with trading volume reaching 112,460 ATOM over the last 24 hours. Analysts note that institutional buying interest appears to be resurfacing after last week’s consolidation phase. Technically, ATOM had previously broken out of a…
Volatility spikes as BONK tests key $0.00002620 support level BONK (BONK/USDT) retreated 8% in the last 24 hours after briefly reaching its August high of $0.00002841, signaling a cooling off in momentum following a strong rally earlier this month. The decline brought the meme coin to a key support zone near $0.00002620, where buying interest has so far helped stabilize prices. The recent rally began in mid-July when BONK broke out of a descending channel formation, a move often seen as a bullish reversal signal in technical trading. The breakout was supported by rising volume, indicating that market participants were…
Surge in trading volume fuels speculation of a push toward $860 resistance Binance Coin (BNB) is trading near $804.93, marking a 4% swing in the past 24 hours and drawing attention from traders after a surge in volume pushed prices higher from recent support. The move came with a notable spike in activity — over 146,000 tokens exchanged in a single hour during the initial rally, signaling renewed bullish interest. The latest advance began after BNB rebounded from the $740–$755 green support zone, an area that previously acted as a springboard in late July. This upward momentum followed a sustained…
SEOUL – South Korean retail investors are turning away from US Big Tech stocks and flocking to crypto-linked equities, with BitMine Immersion Technologies emerging as the top choice. A Yonhap News Agency report, citing the Korean Center for International Finance (KCIF), revealed that the share of crypto-linked stocks in the top 50 net-bought overseas securities by South Koreans rose from 8.5% in January to 36.5% in June, before easing to 31.5% in July. By contrast, net purchases of leading US tech giants slumped to $260 million in July, down 84% from the monthly average of $1.68 billion between January and…
Company targets 200 million share offering as it deepens commitment to WLFI-backed crypto reserves ALT5 Sigma has unveiled plans to raise $1.5 billion through a 200 million-share sale, marking one of the largest capital injections in its history. The funds will establish the first corporate treasury tied to World Liberty Financial (WLFI) tokens, a venture reportedly backed by high-profile political figures. Massive share offering split between stock sale and private placement According to the company’s Monday announcement, the fundraising will be split into two equal parts: a registered direct stock offering for 100 million shares and a private placement of…
