A new report claimed that less than 500 people are responsible for the trading of a trillion-dollar volume of $ADA coin. Cardano’s founder slammed the report for such claims.SummaryA website claimed a few hundred people artificially inflated the $ADA coin trade volume.Cardano lovers are optimistic about Coinbase-Derbit’s potential merger.Cardano is a top-ranked crypto project, founded & launched by Charles Hoskinson in 2017. This crypto project is fully based on serious development works instead of hype. Also, the project team never took money from Venture Capitalists (VCs). The current trade price of this $ADA, the native token of the Cardano blockchain…
Author: cryphedge
Pi Network (PI) surged 7.8% over the last 24 hours, bouncing from a low of $0.86 to reach an intraday high of $1.08. This rally followed weeks of downward pressure within a descending channel, suggesting a possible short-term bottom after retesting support near $0.8627.Despite the bounce, Pi remains below the 50-period Exponential Moving Average (EMA), currently at $1.2213. Technical resistance is forming at $1.10, and a breakout above $1.1089 is needed to confirm bullish continuation. If successful, the next upside targets sit at $1.22 and $1.35. Failure to sustain this momentum could lead the price back toward $0.86—or even lower…
Ethereum (ETH) has reclaimed the $2,000 mark, a key technical and psychological level it struggled to hold since early March. As of March 22, ETH trades at $1,995.69 with a 24-hour trading volume of $9.05 billion and a market cap of $240.7 billion, maintaining its rank as the world’s second-largest cryptocurrency.What’s driving this rebound? On-chain data points to a significant shift in investor behavior. Over the past 48 hours, more than 360,000 ETH have been withdrawn from centralized exchanges. Historically, such outflows are associated with bullish sentiment, as long-term holders move tokens into cold storage in anticipation of future gains.…
After the tariff-driven crypto crash that has lasted for over two months, most cryptocurrencies appear set for recovery. Indeed, while the crypto fear & greed index remains on the fear end of the spectrum, there has been some improvement from last week’s levels. Besides, investors appear keen on fresh crypto projects set to revolutionize the broader market. It is this trend that has PepeX gaining popularity even before the launch of its presale on 24th March. Memecoin lovers are particularly excited about the ability to launch meme coins through its AI-driven launchpad. Furthermore, the project is focused on placing the…
SHIB price surge predictions have investors buzzing right now as forecasts suggest the popular meme coin could see gains exceeding 300% by late 2025. At the time of writing, Shiba Inu is trading at around $0.00001240, and has taken quite a hit lately with a rather significant 22.37% decline over the past month, leaving many wondering about its potential recovery and also what kind of growth trajectory we might see in the coming months.Source: TradingViewAlso Read: Major Economy Rejects De-Dollarization, Embraces the US DollarSHIB Price Forecast 2025: Trends, Risks & Key Buying SignalsSource: Watcher GuruCurrent Market AnalysisThe SHIB price surge…
Tether, the issuer behind the world’s largest stablecoin USDT, is reportedly working with a Big Four accounting firm to conduct an audit of its reserves and confirm that each token is backed 1:1 with assets.The move comes amid growing industry pressure for transparency, especially in light of past controversies surrounding the company’s claims.Speaking to Reuters on March 21, Tether CEO Paolo Ardoino said that a full audit is a top priority for the firm.Tether CEO Says Trump’s Pro-Crypto Stance Could Ease Audit ProcessArdoino noted that the process could be smoother under the pro-crypto stance of U.S. President Donald Trump, who…
Venture capital firm Haun Ventures is reportedly aiming to raise $1 billion across two new cryptocurrency investment funds within the next three months, according to sources cited by Fortune Crypto on March 21.Half of the funds—$500 million—are expected to be dedicated to early-stage crypto startups, while the remaining $500 million will be allocated to late-stage investments in the digital asset space.The effort, if successful, would mark one of the largest crypto-focused capital raises in recent years.Haun Ventures Rose to Prominence in 2022 With $1.5B Debut FundFounded in 2022 by Katie Haun, a former federal prosecutor and ex-Coinbase board member, Haun…
Ever since the beginning, the Hyperliquid price has been demonstrating strength, even in times of intensifying bearish actions. The platform added new staking tiers, which made the token more useful and gave discounts on trading fees. The traders became highly optimistic over the new staking tier system, which is scheduled to go live after April 30. This intensified the HYPE price rally, which has already rebounded from the local lows of around $12.34. Later, the rounds of over $15 million accumulation in HYPE fueled the bullish momentum, which emphasized the potential demand for the token. However, ZackXBT exposed the ‘fake whale’…
Australia is taking decisive steps toward establishing a clear regulatory framework for the crypto sector, according to the Treasury’s Statement on Developing an Innovative Australian Digital Asset Industry.The Treasury said the move aims to provide greater consumer protection, reduce risk, and bring much-needed clarity to the industry.Regulatory frameworkUnder the proposed framework, certain crypto firms will be brought under existing financial services laws.This includes exchanges, custodians, and stablecoin issuers, all of whom must obtain an Australian Financial Services License (AFSL) to operate legally. These businesses would also be subject to new rules designed to reflect the specific nature of digital assets.The Treasury…
The International Monetary Fund (IMF) has overhauled its balance of payments standards to reflect the growing impact of digital assets.According to the newly released Balance of Payments Manual, Seventh Edition (BPM7), cryptocurrencies like Bitcoin (BTC) are now classified as non-produced nonfinancial assets, while certain tokens are treated akin to equity holdings.The updated manual, published on March 20, marks the first time the IMF has integrated detailed guidance for digital assets into its global statistical standards.Crypto without liabilitiesThe framework divides digital assets into fungible and nonfungible tokens, with further distinctions based on whether they have a corresponding liability.Bitcoin and similar tokens…
