Cardano’s (ADA) price continued its downtrend on March 31, down 4.5% over the last 24 hours to trade at $0.6529. The altcoin is down 10% over the last seven days and 45% from the March 2 high of $1.19. ADA/USD daily chart. Source: Cointelegraph/TradingView Several factors are behind Cardano’s underperformance, including: Decreasing network activity and declining total value locked. Negative funding rates. A weakening technical structure. Weakening onchain Cardano activity The bearishness in ADA price today is preceded by reduced […]
Opinion by: Andrey Sergeenkov, researcher, analyst and writer Crypto founders love big promises: decentralized finance, banking the unbanked and freedom from intermediaries. Then hacks happen. In some cases, billions vanish overnight. On Feb. 21, 2025, the North Korean Lazarus Group stole $1.46 billion from Bybit. They sent phishing emails to staff with cold wallet access. After compromising these accounts, they accessed Bybit’s interface and replaced the multisignature wallet contract with their malicious version. When Bybit attempted a routine transfer, the […]
Bitcoin (BTC) bulls are trying to start a recovery but selling at higher levels continues to disarm each attack of the range highs. Veteran trader Peter Brandt said in a post on X that Bitcoin has broken down from a bear wedge pattern, giving it a target objective of $65,635. The current macroeconomic environment and the fears of a prolonged trade war have created a 40% possibility of a recession in 2025, according to Coin Bureau founder Nic Puckrin. Puckrin […]
Crypto exchange Binance has debuted centralized exchange (CEX) to decentralized exchange trades (DEX), allowing customers to use funds from their Binance wallets to execute DEX trades — eliminating the need for asset bridging or manual transfers. According to the exchange, customers can use Circle’s USDC (USDC) and other supported stablecoins to acquire tokens on the Ethereum, Solana, Base, and BNB Smart Chain networks. The new CEX to DEX feature is also compatible with other tools on the platform, including Binance […]
XRP (XRP) has lost more than 40% since hitting a multi-year high near $3.40 in January, and onchain data suggests the downtrend could deepen in the weeks ahead. “Denial” preceding past 75-90% XRP crashes is back XRP’s Net Unrealized Profit/Loss (NUPL) data from Glassnode suggests the token may be heading for another extended downturn. The metric, which gauges the aggregate unrealized gains or losses of XRP holders, has historically served as a reliable barometer of potential trend reversals. In past […]
XRP (XRP) price rallied 16% less than 24 hours after news that Ripple’s legal dispute with the US Securities and Exchange Commission (SEC) could end made headlines on March 19. However, XRP has shed half of its gains over the past two days, losing position below an important level at $2.50. XRP rally continues to be spot-driven XRP matched its all-time high of $3.40 on Jan. 16 as soaring spot buy volumes provided a sustainable parabolic rally that lasted for […]
Bitcoin’s (BTC) recovery continues to face selling at higher levels, indicating that the bears have not given up. Trading resource Material Indicators said in a post on X that “Spoofy the Whale” has been suppressing Bitcoin’s price below $87,500. Although the upside is currently restricted, select analysts believe that the downside is limited. BitMEX co-founder Arthur Hayes said in a post on X that Bitcoin may have bottomed out at $77,000, considering that the Federal Reserve announced a slowdown in […]
The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter. Algorithmic stablecoins employ code-based mechanisms to ensure their price stability, as opposed to fiat stablecoins pegged directly to the value of the underlying currency. The Sonic blockchain is working on the implementation of an algorithmic stablecoin with up to 23% annual percentage rate (APR), according to Andre Cronje, […]
Today in crypto, Ledger’s Ian Rogers says the battle between crypto security advancements and hackers will never end, Pakistan’s Crypto Council proposes mining BTC with excess, runoff energy, and crypto analysts anticipate continued pressure owing to trading wars until April. Crypto security will always be a game of ‘cat and mouse’ — Wallet exec Cryptocurrency wallet providers are getting more sophisticated, but so are bad actors — which means the battle between security and threats is at a deadlock, says […]
Gold-backed stablecoins will outcompete US dollar-pegged alternatives worldwide due to gold’s inflation-hedging properties and minimum volatility, according to Bitcoin (BTC) maximalist Max Keiser. Keiser argued that gold is more trusted than the US dollar globally, and said governments of foreign nations with an adversarial relationship to the United States would not accept dollar-pegged stablecoins. The BTC maximalist added: «Russia, China, and Iran are not going to accept a US dollar stablecoin. I predict they will counter the USD stablecoin with […]