Author: AltCoinDrops.com

Sonic price is showing signs of accumulation as it consolidates at a key value area. With shorts increasing, the setup suggests a possible rally and short squeeze toward $0.40. Summary $0.30 Support: Strong base forming at value area low with POC confluence. Bullish Structure: Higher-low projection intact; resistance target sits at $0.40. Short Squeeze Risk: Growing short interest could accelerate an upside breakout. Sonic’s (S) price action is consolidating at a critical support level, where volume continues to build without breaking lower. This type of structure is commonly associated with accumulation, as buyers defend support levels while shorts increase. Sonic Labs is introducing…

In brief Elizabeth Warren and other liberal lawmakers questioned AI and crypto czar David Sacks on whether he has exceeded his 130-day limit as a temporary White House employee, raising ethics concerns. The lawmakers want a full record of Sacks’ workdays and locations since January, noting his dual role at the White House and at his AI- and crypto-focused venture firm. The inquiry follows a New York Times investigation linking the Trump family’s crypto platform to a UAE AI chip deal that Sacks reportedly helped finalize. Sen. Elizabeth Warren (D-MA) and other prominent liberal lawmakers have turned up the heat…

TLDR: Chainlink Data Streams is now the official oracle provider for Taiko, supporting faster, secure market data delivery. Developers can build lending, derivatives, and other DeFi protocols on Taiko using Chainlink’s high-quality data feeds. Taiko’s Ethereum-based rollup ensures decentralization by using L1 validators for transaction sequencing. Chainlink’s tech has already secured over $100B in DeFi and processed more than $25T in onchain volume. The Taiko ecosystem has got a serious upgrade. Chainlink Data Streams is now live on Taiko Alethia, officially powering its oracle infrastructure. This move is designed to speed up DeFi development and bring secure, real-time market data…

Avalanche’s recent momentum has been undercut by concerns about its validator spread and sustainability, and the latest Avalanche (AVAX) technical setup still shows hesitation at key resistance levels. At the same time, SUI news points to token unlock risks and security hiccups despite solid adoption signals. Both projects show strength, but each has gaps that leave investors wondering how secure their future really is. That’s where BlockDAG (BDAG) comes in. While others are still talking about upgrades, BlockDAG has switched on account abstraction within its upcoming Awakening Testnet on September 25. With early groundwork for smart accounts, gasless transactions, and…

U.S. stocks were largely flat at the open on Wednesday as Wall Street awaited the Federal Reserve’s decision on interest rates and as Nvidia stock slipped following reports that China had banned local companies from buying the chipmaker’s semiconductors. Summary Dow Jones Industrial Average, S&P 500 and Nasdaq were largely flat on Wednesday morning. Wall Street’s muted open came as investor attention turned fully to the Federal Reserve and its upcoming interest rate decision. The Dow Jones Industrial Average hovered about 40 points lower, while the S&P 500 and Nasdaq Composite fluctuated near their respective flat lines. he subdued performance…

FCA crypto proposals aim to bring digital asset firms under full UK oversight by 2026, spelling out provisions for governance, resilience, and crime prevention. The regulator says the framework mirrors traditional finance rules but will be adapted to reflect crypto’s unique risks. Summary FCA plans full UK oversight of crypto firms by 2026, adapting TradFi rules for governance, resilience and crime prevention. Proposals include extending the Senior Managers Regime, applying Consumer Duty, and allowing disputes at the Financial Ombudsman. The regulator aims to balance innovation with consumer protection and test the industry’s readiness for stricter oversight. On September 17, the…

TLDR: Bullish secures a New York BitLicense and Money Transmission License from NYDFS for crypto trading and custody. The approval allows Bullish to serve institutional investors and advanced traders in New York with spot trading services. CEO Tom Farley calls the license a key step in building trusted, institutional-grade crypto infrastructure in major markets. Bullish’s U.S. operations will focus on regulated, high-performance digital asset trading and custody solutions. New York is opening its doors to another crypto exchange. Bullish has secured regulatory clearance that lets it bring its trading platform to U.S. soil.  The exchange says the move is part…

The decentralized finance market faced turbulence this weekend as Aave’s token plunged over 6% following conflicting rumors about its relationship with World Liberty Financial, a DeFi project tied to President Donald Trump’s family. The decline came just as World Liberty Financial’s token, WLFI, debuted in perpetual futures trading with a valuation suggesting a staggering $40 billion market cap. Rumors Lead to Aave Selloff The decline in Aave was due to speculation surrounding a governance proposal, which dated back to October 2024. The proposal stated that Aave will have 7% of the circulating supply of WLFI, and 20% of revenues…

Bitcoin’s price action has managed to break above $115,000 after spending the majority of the past two weeks trading below this level. Bitcoin is now holding firm above $114,000, and the leading cryptocurrency has regained momentum over the past week that shows signs of renewed bullish strength.  According to technical analysis, a hidden bullish divergence is forming with the recent price action this week, and this could be the setup that pushes Bitcoin to new price highs. Bitcoin Revealing Hidden Bullish Divergence Technical analysis of Bitcoin’s weekly candlestick timeframe chart, which was posted on the social media platform X by…

TLDR Standard Chartered indicates ETH treasuries are stronger than Bitcoin and Solana BitMine expanded Ethereum holdings with a $358M purchase, now holding nearly 1.95 million ETH BlackRock invested $363.2 million in Ethereum, showing growing institutional interest ETH currently trading around $4,511-$4,518, holding above 50-day EMA Analysts project price targets between $6,000-$8,500 if ETH breaks through key resistance levels Ethereum’s price has become a focal point in crypto markets as treasury flows emerge as a critical driver of digital asset performance. Standard Chartered recently emphasized that Ethereum stands to gain more from treasury activity than Bitcoin or Solana, reinforcing bullish price…