ICP Price Action Suggests Trend Reversal With Strong Volume Backing Internet Computer (ICP) is showing renewed strength after defending a critical support zone and surging with notable volume in recent sessions. The digital asset climbed back above the $5.30 level, following a bounce from the $4.85–$4.95 accumulation area, signaling the potential beginning of a sustained upward trend. The 4-hour chart reveals a clear breakout from a steep descending trendline, formed during the mid-June selloff. After testing and consolidating near the broader support block around $4.70, price action turned sharply bullish, aided by a visible rise in trading volume. “Volume confirms…
Author: Blockto Team
Filecoin’s Uptrend Signals Bullish Reversal As Market Sentiment Improves Filecoin (FIL) has shown signs of a resilient recovery after enduring a prolonged downtrend throughout June and July. The recent price breakout from a descending channel has sparked renewed investor interest, suggesting that momentum may be shifting in favor of buyers. The 4-hour chart highlights a clean break above a falling wedge pattern, a technical formation typically associated with bullish reversals. After bottoming near $2.20 — a historically significant support zone — FIL rallied sharply, currently trading at around $2.48. This recovery follows broader positive sentiment in the digital asset market,…
New Glass Full Foundation aims to stabilize Solana memecoin ecosystem As the memecoin sector on Solana continues to experience rapid shifts, Pump.fun has announced the formation of a new liquidity initiative — the Glass Full Foundation (GFF) — in an effort to sustain engagement and market activity across its platform. The move comes amid a significant decline in revenue, dropping from $7 million in January to just $200,000 in recent weeks. The Glass Full Foundation is designed to inject liquidity into select ecosystem tokens, particularly those considered to have strong community backing. However, Pump.fun has not yet disclosed the criteria…
New deal with Spanish banking giant aims to rebuild user trust after FTX fallout In a major step toward increasing investor confidence, Binance has partnered with Spain’s BBVA bank to provide independent custody services for customer funds. The partnership represents a significant pivot toward traditional financial safeguards in the wake of widespread skepticism around centralized crypto exchanges. The collapse of FTX in 2022, which left billions in user funds inaccessible, has prompted industry-wide calls for more secure and transparent custodial frameworks. Binance’s collaboration with BBVA, one of Spain’s largest and most trusted banks, introduces a regulated and bank-backed custody option,…
As digital assets continue to evolve from speculative tools into real-world financial infrastructure, Hong Kong-based IVD Medical Holdings has made a strategic $19 million investment in Ethereum. The move reflects a broader shift in how traditional enterprises view blockchain’s role in finance, especially in sectors like healthcare, where transparency and cross-border settlement efficiency are paramount. Ethereum to Power Stablecoin Infrastructure and On-Chain Revenue Models IVD Medical confirmed that the ETH purchase will serve as the foundation of its blockchain platform ivd.xyz, supporting both on-chain ownership validation and automated revenue distribution for tokenized healthcare assets. “We’re building a system where tokenized…
In a move that signals a new phase in blockchain-based identity infrastructure, Humanity Protocol has officially launched its mainnet — a decentralized network aimed at connecting traditional Web2 credentials with next-generation Web3 platforms. Built with zero-knowledge transport layer security (zkTLS), the protocol offers a way to verify personal data without compromising user privacy. Zero-Knowledge Encryption Meets Real-World Identity At the core of Humanity Protocol is zkTLS, a cryptographic innovation that enables the system to confirm credentials like academic qualifications, banking status, or loyalty program membership — all without revealing the underlying documents or personal details. “We believe that identity should…
Broader Risk Appetite Lifts Crypto Sector, but Bitcoin Lags Ethereum (ETH) and Dogecoin (DOGE) extended their upward momentum alongside a 12% surge in XRP, as the altcoin market staged an energetic rebound. The move reflects growing appetite for risk assets amid improving sentiment in global markets, even as Bitcoin remains confined to a tight trading range. Ethereum climbed back above $2,400, adding over 5% in 24 hours, fueled by steady inflows into decentralized finance protocols and renewed developer activity on the network. Dogecoin also saw a 6% jump, with on-chain data suggesting whale wallets increased their holdings during the recent…
Animoca Brands and Standard Chartered’s Hong Kong arm have formed a new joint venture, Anchorpoint Financial, to develop and issue a licensed Hong Kong dollar (HKD)-backed stablecoin under the city’s evolving regulatory framework. Announced on August 2, Anchorpoint Financial Limited is now officially seeking a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA). This move comes just days after the regulator began implementing its new stablecoin licensing regime, which includes a six-month transitional period with tighter compliance standards than initially anticipated. Despite market turbulence — where shares of several local stablecoin-concept companies fell by as much as 20%…
SBI Holdings has denied reports that it filed for a Bitcoin and XRP-based ETF in Japan, clarifying that such initiatives are still in the planning phase and dependent on future regulatory changes. Earlier this week, multiple media outlets claimed that the Tokyo-based financial conglomerate had submitted an application for a dual crypto ETF, reportedly combining Bitcoin (BTC) and XRP, along with a second product involving gold and crypto. The speculation was said to be based on SBI’s recent earnings report. No Crypto ETF Applications Submitted Yet, Says SBI In a statement to Cointelegraph on Friday, a spokesperson for SBI Holdings…
Institutional Buying and Legal Breakthrough Boost Market Sentiment XRP has broken through key resistance levels as trading volume surged past 300 million, driven by strong institutional inflows and optimism surrounding the nearing conclusion of the Ripple-SEC legal battle. Technical indicators now suggest that the token may be setting up for a bull flag breakout, potentially targeting the $8 region if momentum holds. If buying pressure accelerates and the bull flag confirms with a clean breakout, chart projections place the next major upside target in the $6.50–$8.00 range. However, analysts warn that failure to sustain above $0.85 could trigger a pullback…
