Cryptocurrency markets thrive despite tariff uncertainties with notable performances by DOGE, ETH, ADA. ETH breaks $2,751 resistance, eyeing $4,050 target, optimistic investor sentiment prevails. Continue Reading: Cryptocurrencies Surge as Promising Trends Emerge The post Cryptocurrencies Surge as Promising Trends Emerge appeared first on COINTURK NEWS .
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XRP (XRP) seems poised to retest this year’s latest high once again and could soon make a new all-time high after President Donald Trump signed the Genius Act. This new piece of legislation favors a bullish XRP price prediction as it brings clarity to an important sector of the crypto industry in the United States – the stablecoins market. XRP has exploded in the past 7 days with gains of 18.5% and has delivered a 70.8% return since the year started. https://t.co/T8eBIqzFRd — Versan | Black Swan Capitalist (@VersanAljarrah) July 18, 2025 Analyst Versan Aljarrah from Black Swan Capitalist believes that this could just be the beginning of the token’s rally as institutions are eyeing the Ripple network as the potential infrastructure for the launch of central bank digital currencies (CBDCs). He thinks that Ripple is a feasible substitute for the outdated cross-border payments system SWIFT and emphasized that the company has been making progress across the globe to establish itself as a leading force in this market. As a result, the demand for XRP should skyrocket if central banks decide to use its network to officially launch CBDCs. His most insightful take – central banks are already testing Ripple’s infrastructure for this purpose via the CBDC Ripple Private Ledger . XRP Price Prediction: XRP Could Hit $4 In a Few Days After Bullish Breakout The daily chart shows that XRP has broken through a key resistance at $3.4 and has already successfully retested and bounced off that level. This favors a bullish XRP price prediction as market participants eagerly bought the token during the retest to position themselves for the token’s next leg up. On July 17 and 18, volumes neared the $20 billion mark, which evidences strong accumulation after the breakout occurred. Everything points to an upcoming push above XRP’s all-time high of $3.84 in the next few days. The most plausible target at this point would be the $4 psychological threshold. Can XRP overtake Bitcoin as the most valuable crypto in the world? For that to happen, the token would have to rise to nearly $40 and BTC would have to stand still as that happens. This is highly unlikely. However, the upside potential that XRP currently offers both from a technical and macro standpoint is quite appealing. Meanwhile, the best crypto presales of the year like TOKEN6900 ($T6900) could deliver even higher gains as investors chase the next crypto to 10x. TOKEN6900 ($T6900) Redefines Meme Coins with Pure Degeneracy and 2000s Vibes Tired of analyzing charts, sniping meme coins, and getting rug-pulled by scammers? TOKEN6900 ($T6900) is your way out of your mom’s basement. This is a new meme coin that leverages the success of its predecessor, SPX6900 (SPX) by combining peak financial ‘brain rot’ with a touch of 2000s nostalgia. This token offers no road map, has no use case, and it is entirely worthless by itself – which is everything that meme coins should be. However, through the power of community, it can soon become one of the most valuable assets in this category. Take a stand and believe in something. Head to the TOKEN6900 website to invest. Simply connect your wallet (e.g. Best Wallet ) and either swap USDT or ETH or use your bank card to complete your purchase. The post XRP Price Prediction: XRP Positioned for Trillions in Global Liquidity – Can XRP Overtake Bitcoin? appeared first on Cryptonews .
BitcoinWorld Revolutionary Coinbase Perpetual Futures: Unlocking New Trading Horizons for US Investors The cryptocurrency landscape is constantly evolving, and a significant development has just unfolded for investors in the United States. If you’ve been keenly observing the digital asset space, you’re likely aware of the growing demand for sophisticated trading instruments. Now, a leading player has stepped forward to meet that demand. Coinbase perpetual futures trading has officially launched for eligible U.S. investors, marking a pivotal moment in the accessibility of advanced crypto derivatives. This groundbreaking offering, announced by Coinbase Financial Markets, opens up new avenues for strategic trading, allowing participants to engage with the market in innovative ways. Understanding Coinbase Perpetual Futures: A Game-Changer for US Traders For many, “futures trading” might bring to mind traditional financial markets. However, perpetual futures are a distinct innovation within the crypto realm. Unlike conventional futures contracts that have a set expiration date, perpetual futures do not expire. This “perpetual” characteristic allows traders to maintain positions indefinitely, provided they meet margin requirements, offering immense flexibility for both speculation and hedging. A crucial element keeping the price of a perpetual futures contract aligned with its underlying spot asset is the “funding rate.” This periodic payment, exchanged between long (buyers) and short (sellers) positions, incentivizes the contract price to stay closely tethered to the spot price, ensuring market efficiency. Why is Coinbase’s regulated entry into this market so significant for U.S. investors? Enhanced Accessibility: Previously, U.S. residents often had to use offshore platforms to access perpetual futures, which carried regulatory ambiguities and higher risks. Coinbase’s offering provides a trusted, compliant pathway. Market Maturation: The introduction of such advanced products by a regulated entity like Coinbase signals a maturing U.S. crypto market, aligning it more closely with established traditional financial markets. Strategic Trading Opportunities: Perpetual futures empower traders to profit from both upward and downward price movements, enabling sophisticated strategies like short-selling and hedging against existing spot holdings. Traditional Futures vs. Perpetual Futures: Key Distinctions To grasp the full scope of Coinbase perpetual futures , here’s a concise comparison: Feature Traditional Futures Perpetual Futures (Crypto) Expiration Date Fixed expiration date No expiration date Price Alignment Converges to spot price at expiration Funding rate mechanism aligns price to spot Underlying Asset Commodities, stocks, indices Cryptocurrencies (e.g., BTC, ETH, Nano) Regulation (US) Highly regulated (CFTC) Evolving regulation, Coinbase’s offering is regulated What Crypto Assets Can You Trade with Coinbase Perpetual Futures? Coinbase Financial Markets has launched its perpetual futures with a strategic selection of high-liquidity digital assets. Initially, U.S. investors can trade Nano, BTC, and ETH perpetual futures . This selection is designed to offer diverse market exposure: BTC (Bitcoin): As the dominant cryptocurrency, Bitcoin’s volatility and liquidity make it ideal for derivatives trading, allowing speculation on its price without direct ownership. ETH (Ethereum): The second-largest crypto and foundation of the DeFi ecosystem, Ethereum’s perpetual futures cater to those looking to leverage its dynamic price movements. Nano (XNO): Nano, known for its feeless and instant transactions, adds an interesting dimension, showcasing Coinbase’s intent to diversify its offerings beyond the largest market caps. This initial suite provides a robust foundation for traders. As the market evolves, Coinbase may expand its perpetual futures offerings to include additional cryptocurrencies, catering to broader investor interests. Leverage Explained: The Power and Peril of Trading with Coinbase Perpetual Futures A compelling aspect of perpetual futures is the ability to use leverage. Coinbase is offering up to 10x leverage for its perpetual futures products. Leverage allows traders to control a larger position with a relatively smaller amount of capital. For instance, with 10x leverage, a $1,000 investment could command a $10,000 position, significantly amplifying potential returns from minor price shifts. Benefits of Leverage: Amplified Profits: Small favorable price movements can lead to substantial gains. Capital Efficiency: Traders can open larger positions with less capital, freeing up funds. However, it is vital to recognize that leverage is a double-edged sword. While it can magnify profits, it equally amplifies losses. A slight adverse price movement can swiftly lead to the liquidation of a leveraged position, resulting in the complete loss of your initial margin. Risks of Leverage: Magnified Losses: Losses are amplified at the same rate as gains. Liquidation Risk: Positions can be automatically closed if margin falls below a threshold, leading to total loss of invested capital for that trade. Increased Volatility Exposure: Leveraged positions are more vulnerable to sudden market swings, demanding vigilant monitoring. Traders must approach leverage with extreme caution. Implementing robust risk management strategies, such as setting stop-loss orders and understanding liquidation prices, is paramount. New traders are strongly advised to begin with minimal leverage and gradually increase it only after gaining substantial experience. Actionable Strategies for Trading Coinbase Perpetual Futures With Coinbase perpetual futures now accessible, how can U.S. investors effectively engage with this new trading landscape? Success in derivatives trading demands discipline, a well-defined strategy, and acute market awareness. Key Actionable Insights: Prioritize Education: Thoroughly understand perpetual futures mechanics, funding rates, margin requirements, and liquidation processes. Utilize educational resources provided by Coinbase. Practice Prudent Risk Management: Start with small position sizes and low leverage. Define your maximum acceptable loss per trade and adhere to it strictly. Develop a Coherent Trading Strategy: Avoid impulsive trades. Establish clear entry and exit points based on technical analysis, fundamental analysis, or a hybrid approach. Monitor Funding Rates: Be aware of when funding payments occur and how they might impact your long-held positions. Stay Informed on Market Conditions: The crypto market is highly volatile. Keep abreast of news, economic indicators, and broader sentiment influencing BTC, ETH, or Nano prices. Utilize Stop-Loss Orders: This critical tool automatically closes your position at a predefined price, limiting potential losses and protecting capital. The introduction of Coinbase perpetual futures offers a powerful new tool. Like any powerful instrument, it requires responsible and informed handling. Approach it with respect for market volatility and a commitment to continuous learning. The Future of Crypto Trading: Coinbase’s Vision Coinbase’s foray into the perpetual futures market for U.S. investors is more than just a product launch; it’s a strategic move positioning the exchange at the forefront of the evolving digital asset economy. By providing regulated access to sophisticated derivatives, Coinbase is not only diversifying its offerings but also enhancing the legitimacy and maturity of the U.S. crypto market. This development is expected to yield several significant outcomes: Increased Institutional Engagement: A regulated platform offering derivatives is likely to attract more institutional investors, who often require compliant infrastructure. Enhanced Market Liquidity: Greater participation, from both retail and institutional traders, typically leads to deeper liquidity in perpetual futures markets, benefiting all participants. Future Product Innovation: As Coinbase gathers experience and market feedback, it’s poised to introduce more innovative trading products and expand the range of cryptocurrencies available for perpetual futures. Competitive Market Dynamics: This move could encourage other regulated U.S. exchanges to follow suit, fostering a more competitive and robust derivatives market for digital assets. The trajectory of cryptocurrency trading is dynamic, and Coinbase’s latest offering underscores this continuous evolution. It empowers a broader spectrum of investors to engage with the market in more advanced and flexible ways, albeit with the inherent risks associated with leveraged trading. In conclusion, the launch of Coinbase perpetual futures trading for U.S. investors is a truly transformative event. It addresses a significant demand in the domestic crypto market, providing regulated access to high-demand derivative products. While the appeal of 10x leverage and continuous market exposure is considerable, responsible trading, comprehensive education, and stringent risk management are paramount. This strategic move not only strengthens Coinbase’s market position but also heralds a new era for sophisticated crypto trading within a compliant framework in the United States, fostering a more mature and accessible digital asset ecosystem. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action . Frequently Asked Questions (FAQs) Q1: What exactly are Coinbase perpetual futures? A1: Coinbase perpetual futures are derivative contracts offered by Coinbase Financial Markets that allow eligible U.S. investors to speculate on the price movements of cryptocurrencies like BTC, ETH, and Nano without a set expiration date. Their price is kept aligned with the underlying asset through a funding rate mechanism. Q2: Who is eligible to trade perpetual futures on Coinbase? A2: Perpetual futures trading through Coinbase Financial Markets is available to eligible U.S. investors. Eligibility criteria are based on specific regulatory requirements and individual investor qualifications. Q3: Which cryptocurrencies are initially supported for perpetual futures trading? A3: Currently, Coinbase offers perpetual futures for Bitcoin (BTC), Ethereum (ETH), and Nano (XNO). The platform may expand its offerings to include more cryptocurrencies in the future. Q4: What leverage options are available for Coinbase perpetual futures? A4: Coinbase provides up to 10x leverage for its perpetual futures products. This allows traders to open larger positions with a smaller amount of capital, but it also significantly amplifies both potential profits and losses. Q5: What are the primary risks involved in trading Coinbase perpetual futures? A5: Key risks include magnified losses due to leverage, liquidation risk (where your position is automatically closed, potentially leading to the loss of your entire initial margin), and increased exposure to the inherent volatility of the crypto market. Proper risk management is crucial. Q6: How does Coinbase ensure the security and compliance of its perpetual futures trading? A6: As a regulated entity, Coinbase Financial Markets operates under specific regulatory frameworks designed for investor protection. They implement stringent security measures, robust risk management protocols, and transparent trading mechanisms, including the funding rate system, to ensure a secure and compliant trading environment. Did you find this article insightful? Share it with your network! Help us spread the word about the exciting new opportunities in crypto trading. Your shares help more people understand the evolving landscape of digital assets. This post Revolutionary Coinbase Perpetual Futures: Unlocking New Trading Horizons for US Investors first appeared on BitcoinWorld and is written by Editorial Team
Ethereum climbed above $3,800 after recording a daily gain of nearly 3%. It extended a strong upward trend that has seen the altcoin rise over 55% in the past month. This momentum highlighted continued investor confidence, despite relatively low gas fees across the network. Funding rates have moved into double digits, although they remain modest relative to the broader scale of futures positioning and Ethereum ETF inflows. Against this backdrop, Asia continues to lead altcoin performance in ETH. Asia’s ETH Buying Spree Matrixport revealed that data tracking ETH’s performance across trading sessions last week showed Asia’s influence becoming more pronounced, which is responsible for the sharp weekend rally. Beyond speculative flows and treasury adoption, an uptick in DeFi activity is also providing much-needed support to the cryptocurrency’s upward momentum. Amid this supportive environment, experts highlighted the emerging signals that point towards a potential altcoin season taking shape. For instance, the associated indexes have crossed above 50, the highest since December. ETH Perpetual Open Interest surged from under $18 billion to over $28 billion in a week, which is being driven by institutional demand. The recently signed GENIUS Act, which sets clearer stablecoin regulations, has also renewed interest in ETH and other Layer 1s among Corporate Treasuries. Meanwhile, the anticipation of staked spot ETH ETF approvals is prompting further institutional rotation from Bitcoin to Ethereum. ETH’s market share has risen to 11.6% while BTC dominance slips, which could mean that a potential next leg for altcoin season is underway. Critical Resistance Point for Altcoins A similar sentiment was echoed by Swissblock’s data, which shows that 75% of altcoins are currently testing key resistance levels, a technical point where altcoin seasons either begin or fail. In weak altseasons, Bitcoin remains strong, which leads to only short-lived altcoin rallies with limited capital rotation into alts. On the other hand, strong altseasons require significant capital flow. This is characterized by Bitcoin losing relative strength, its dominance dropping, and altcoins breaking out broadly across the market. Swissblock noted that the market is at this decision point now. Bitcoin’s momentum is slowing, and early signs of capital rotation into altcoins have begun, which means the conditions for a potential strong altseason are forming if capital flow accelerates further. The post Asia Is Powering Ethereum’s Weekend Gains Amidst Signals of Altseason Breakout appeared first on CryptoPotato .
Pudgy Penguins ($PENGU) exploded 22% to change hands at $0.03761 in 24 hours as trading volume rocketed 230% amid wild volatility. The increase extends a 35.8% weekly gain for $PENGU, intensifying bullish conviction around the meme coin’s momentum. Source: CoinGecko $PENGU’s Token Utilities and Partnerships for More Growth Pudgy Penguins is built on Solana for high-speed, low-cost transactions, leveraging the Abstract blockchain for streaming payments, badge issuance, and gamified utilities. There is a total supply of 88.8 billion $PENGU tokens, with the initial airdrop accounting for most of the tokens. This aligns incentives across early NFT holders, developers, and ecosystem partners. The utility of the $PENGU token ranges from governance to in-game asset gating, staking rewards, and community rewards via soulbound tokens. PENGU: The Hottest Token Waving Through Web3! Forget everything you thought you knew about meme coins. PENGU isn't just another token; it's the official utility and governance token of the iconic Pudgy Penguins ecosystem! Born from a vibrant Web3 brand known for its… — Crypto University (@TheCryptoU) July 16, 2025 Whale wallets have added roughly 200 million $PENGU since the start of July, indicating continuous institutional accumulation and confidence in the token’s prospects. Additionally, speculation around a potential “ PENGU ETF ” filing, reportedly acknowledged by the Securities and Exchange Commission (SEC), has further fueled optimism. But here's where it gets spicy… We have the filing of the First ETF ever to include NFTs. The composition? 80-95% PENGU tokens 5-15% Pudgy NFTs Before PENGU, only $DOGE had memecoin ETF filings That's right. TradFi buying JPEGs with an ETF. The vibes are shifting pic.twitter.com/GbfDEM3IbB — Paradisiak (@Paradisiak) July 21, 2025 In June, Pudgy Penguins inked a high-profile NASCAR partnership , showcasing its mascot at events and tapping into an audience of over 75 million racing fans. Around the same time, it teamed up with Lufthansa’s Miles & More program, letting all purchases using $PENGU or fiat on the Pudgy Shop earn users miles, which are redeemable with over 300 partners. We’re partnering with @Lufthansa ’s Miles & More program, Europe’s largest frequent flyer program to bring rewards to The Huddle. Every purchase in fiat or $PENGU on the Pudgy Shop earns you miles, redeemable with 300+ partners for flights, experiences, & more. Learn more below. pic.twitter.com/t114Fyypm5 — Pudgy Penguins (@pudgypenguins) June 12, 2025 Interestingly, $PENGU’s price leapt from around $0.009 to a peak near $0.034 in June, marking a nearly 280% rally over a month before settling around $0.03 in July. Trading volumes have exceeded $1 billion on multiple days, and the market cap has climbed past $2 billion, briefly reaching $1.35 billion by mid-July. In gaming, the Web3 title Pengu Clash has launched via Telegram on the TON network, blending skill-based duels with optional blockchain rewards to boost community engagement. Additionally, Pudgy Penguins bolstered its expansion into Asia with a recent partnership with China’s Suplay Inc., preparing a line of Pudgy-themed toys and collectibles for the APAC market. Pudgy Penguins X Suplay Inc We are excited to partner with Suplay, one of the top collectible companies in China. More information coming soon. pic.twitter.com/zMPhh110IX — Pudgy Penguins (@pudgypenguins) July 15, 2025 According to Arkham Intelligence data , the deployer wallet moved 1.5 billion $PENGU tokens (about $45 million) to centralized exchanges between July 11 and 17. This move sparked debate over potential sell-off versus liquidity provisioning. This keeps investors on their toes, ready to take profit at the best possible moment. $PENGU/$USDT Holds Gains After Sharp Rally as Order Flow Shows Mixed Sentiment The price of $PENGU/$USDT has jumped strongly from the mid‑$0.029 region to test highs near $0.040 before pulling back modestly, creating a market structure that indicates an early-stage retracement after an impulsive leg up. $PENGU/$USDT price chart, July 21 (Source: TradingView) On the candlestick chart, the Fibonacci retracement levels provide clear reference points for this move. The candlesticks paint an interesting picture here. Fibonacci levels drawn from the recent swing provide clean reference points—$0.0375 at the 23.6% retracement appears to be the first real test. Dig deeper, and we have $0.0359 (38.2%) and $0.0346 (50%) waiting in the wings if sellers gain more traction. So far, despite the pullback from that $0.0401 peak, buyers have defended the key Fib zones. Some traders might see the retracement as weakness, but the structure suggests otherwise. The uptrend’s shape remains intact, at least for now. The footprint chart illustrates this dynamic, showing large fluctuations in order flow. Periods of strong aggressive buying are evident, particularly an hour block showing a delta of +63.71M (positive) within a 625.15M total, demonstrating buyers stepping in with conviction. However, subsequent hours saw heavy sell-side deltas, including a –60.07M (negative) within a total of 363.33M, suggesting that profit-taking and short-term bearish momentum have also been active as the price tested resistance. The tug-of-war between these forces is consistent with the retracement observed on the candlestick chart. Meanwhile, derivatives metrics reveal continued optimism among traders. Open interest has increased by over 43% to $608.98M, while trading volume has surged by 192% to $3.93B, reflecting heightened speculative activity. The long/short ratios on Binance and other venues remain favorable to longs, with accounts showing ratios above 0.81 and top positions reaching 1.48. Liquidation data also indicates that long positions still dominate, although there have been quite a few short liquidations in earlier sessions as the price spiked. When considered together, $PENGU is experiencing a healthy pullback within a larger bullish context. The key areas to monitor in the sessions ahead are the $0.0375 level for near-term support and the deeper $0.0359–$0.0346 range for structural integrity. A decisive bounce from these retracement levels, supported by continued long positioning and positive deltas, would reinforce the bullish bias. However, a breakdown through these areas could open the door for a more extended correction despite the strong underlying derivatives activity. The post Pudgy Penguins ($PENGU) Rockets 22% as Whales Scoop 200M Tokens – ETF Hype Builds appeared first on Cryptonews .
The company, which owns the Truth Social social media platform and has struggled financially, joins a growing number of companies to create Bitcoin treasuries.
BitcoinWorld Jerome Powell Under Fire: Unprecedented Criminal Referral Rocks the Fed In the often-turbulent world of finance and politics, unexpected developments can send ripples across markets, from traditional equities to the dynamic realm of cryptocurrencies. Recently, a significant piece of news emerged that has certainly captured attention: Federal Reserve Chair Jerome Powell is reportedly facing a criminal referral from a House Republican and ally of former President Trump. This is an unprecedented move that warrants a closer look, especially for anyone keen on understanding the forces shaping our economic landscape. What Exactly Happened with Jerome Powell and the Referral? According to reports from Walter Bloomberg, citing Fox News on X, a prominent House Republican has taken the extraordinary step of issuing a criminal referral against Federal Reserve Chair Jerome Powell . While the specific grounds for this referral have not been extensively detailed in the initial reports, the very act of such a referral against a sitting Fed Chair is highly unusual and immediately raises questions about its implications. To put this into perspective, a criminal referral is not an indictment or a formal charge. Instead, it’s a recommendation or a request by an individual or entity (in this case, a member of Congress) to a law enforcement agency (like the Department of Justice) to investigate potential criminal activity. It signals that the referring party believes there’s sufficient reason to suspect a crime may have been committed and warrants an official inquiry. Why Is This Happening to Jerome Powell ? Understanding the Context The Federal Reserve, led by its Chair, plays a pivotal role in the U.S. economy, influencing everything from interest rates and inflation to employment levels. Its actions are often scrutinized, and its independence from political influence is a cornerstone of its operational framework. However, in recent years, the Fed has faced increasing political pressure, particularly concerning its handling of inflation and monetary policy. While the exact motivations behind this specific criminal referral against Jerome Powell remain to be fully elucidated, it’s plausible to consider the broader political climate. The Fed’s aggressive interest rate hikes aimed at taming inflation have drawn criticism from various political factions, some arguing that these policies have harmed economic growth or have been ineffective. A referral of this nature could stem from deep disagreements over economic policy, or it could be a politically motivated maneuver designed to exert pressure on the central bank. Historically, the relationship between the White House, Congress, and the Federal Reserve has often been fraught with tension. Presidents and lawmakers, especially those facing re-election, often desire policies that align with their political agendas, while the Fed aims to maintain economic stability through independent, non-partisan decisions. This referral could be seen as an escalation of these long-standing tensions. What Are the Potential Implications for Financial Markets and Beyond? News of a criminal referral against the head of the world’s most powerful central bank is bound to create ripples. Here’s how this development might play out across different sectors: Market Volatility: Initial reactions in financial markets could involve increased volatility. Uncertainty surrounding the leadership of the Federal Reserve can unnerve investors, potentially leading to sell-offs in traditional assets like stocks and bonds. Investor Confidence: A perceived attack on the independence or integrity of the Federal Reserve could erode investor confidence, both domestically and internationally. This might lead to a flight to perceived safe-haven assets. Policy Uncertainty: While a referral doesn’t immediately change policy, it introduces an element of political distraction and potential instability at the highest levels of economic governance. This could lead to speculation about the future direction of monetary policy, even if the Fed maintains its stance. Impact on the Dollar: Global perceptions of U.S. economic stability and governance are crucial for the strength of the U.S. dollar. Any event that casts doubt on these foundations could put downward pressure on the currency. How Might This Affect the Cryptocurrency Landscape? While the referral against Jerome Powell doesn’t directly involve cryptocurrency, its indirect effects could be significant: Factor Potential Crypto Impact Increased Uncertainty Some investors might view cryptocurrencies, particularly Bitcoin, as an uncorrelated asset or a hedge against traditional financial system instability. Heightened political and economic uncertainty could drive some capital into crypto. Risk-Off Sentiment Conversely, broad market uncertainty could trigger a ‘risk-off’ sentiment, where investors liquidate all speculative assets, including cryptocurrencies, in favor of cash or less volatile options. Dollar Weakness If the U.S. dollar weakens due to political instability, assets priced in dollars, including cryptocurrencies, might see their relative value change. A weaker dollar can sometimes make dollar-denominated assets appear more attractive to international buyers. Focus on Decentralization Events that highlight potential political interference or challenges within centralized financial systems can inadvertently reinforce the appeal of decentralized technologies like blockchain and cryptocurrencies for those seeking alternatives. Navigating the Challenges: What Does This Mean for the Fed’s Independence? The Federal Reserve’s independence is crucial for its ability to make sound economic decisions without succumbing to short-term political pressures. A criminal referral, regardless of its ultimate outcome, can be perceived as an attempt to undermine this independence. This is a significant challenge because: It sets a precedent: If such referrals become common, it could create an environment where Fed officials feel pressured to make politically popular decisions rather than economically sound ones. It distracts from core duties: Dealing with investigations and political scrutiny can divert attention and resources away from the Fed’s primary mandate of maintaining price stability and maximum employment. It could impact international standing: Other central banks and international financial institutions observe how the U.S. manages its monetary policy. Any perceived political meddling could affect global confidence in the U.S. financial system. For Jerome Powell personally, and for the institution he leads, navigating this situation will require careful communication and a steadfast commitment to their mandate. It’s a test of the resilience of one of the world’s most important financial institutions. Actionable Insights: How Should You React to News About Jerome Powell ? In times of political and economic uncertainty, it’s easy to get swept up in sensational headlines. Here are some actionable insights: Stay Informed, But Verify: Always seek information from credible sources. Understand the difference between a criminal referral (an allegation for investigation) and an indictment (a formal accusation of a crime). Avoid Knee-Jerk Reactions: Financial markets often overreact to initial news. Give events time to unfold and for more information to emerge before making significant investment decisions. Focus on Fundamentals: For cryptocurrency investors, continue to focus on the underlying technology, adoption rates, and long-term vision of projects rather than short-term political noise. Diversify: A well-diversified portfolio is always a good strategy to mitigate risks from unexpected events, whether they are political or economic. Concluding Thoughts: The Road Ahead for Jerome Powell and the Fed The criminal referral against Federal Reserve Chair Jerome Powell is a striking development that underscores the intense political scrutiny facing the U.S. central bank. While the immediate consequences are uncertain, it highlights the delicate balance between political accountability and the essential independence of monetary policy. For those invested in the broader financial markets, including the volatile world of cryptocurrency, understanding such events is crucial. It reminds us that even the most established institutions are subject to external pressures, and these pressures can, in turn, influence the economic tides that affect our investments. As this situation unfolds, the focus will remain on how the Federal Reserve maintains its course amidst political headwinds and how the legal system responds to such a high-profile referral. The coming weeks and months will undoubtedly be critical in shaping the narrative around Jerome Powell and the future direction of U.S. economic policy. Frequently Asked Questions (FAQs) Q1: What is a criminal referral, and does it mean Jerome Powell has been charged with a crime? A criminal referral is a recommendation or request for a law enforcement agency to investigate potential criminal activity. It does not mean Jerome Powell has been charged or indicted. It’s the initial step in a potential investigation. Q2: Who issued the criminal referral against Jerome Powell? According to reports citing Walter Bloomberg and Fox News, a House Republican and ally of former President Trump issued the referral. Q3: How might this affect the Federal Reserve’s independence? Such a referral, regardless of its outcome, can be seen as an attempt to exert political pressure on the Federal Reserve, potentially challenging its operational independence and its ability to make decisions free from political influence. Q4: Will this referral directly impact interest rates or monetary policy decisions by Jerome Powell? Not directly or immediately. The Federal Reserve operates based on its mandate of price stability and maximum employment. However, increased political scrutiny could indirectly influence the environment in which these decisions are made. Q5: What are the typical next steps after a criminal referral of this nature? Typically, the law enforcement agency to which the referral is made (e.g., the Department of Justice) would review the referral to determine if there is sufficient basis to open a formal investigation. This process can be lengthy and may or may not lead to charges. Did you find this article insightful? Share it with your network to keep others informed about the significant developments impacting the financial world and the leadership of Jerome Powell ! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Jerome Powell Under Fire: Unprecedented Criminal Referral Rocks the Fed first appeared on BitcoinWorld and is written by Editorial Team
The Cardano price has risen by 4.5% in the past 24 hours, with its move to $0.8939 coming after founder Charles Hoskinson tweeted that a long-awaited audit report is almost ready. The report addresses claims that Input Output – the primary developer for Cardano – effectively embezzled 318 million ADA following the 2021 Allegra hard fork, claims which Hoskinson vigorously denied in May, when they first emerged. The approach of the report – which Hoskinson has promised to read via a livestream – has helped to boost the Cardano price, which is also up by 17% in a week and by 53% in a month. And with its native platform also continuing to enjoy steady development and growth, the clearing up of a would-be scandal should provide for a very positive long-term Cardano price prediction . Cardano Price Prediction: Hoskinson Preps Explosive Audit Amid $600M Scandal – Could This Be a Bullish Setup in Disguise? Back in May, NFT artist Masato Alexander and others levelled accusations that Input Output used the Allegra hard fork to redirect ADA to its own wallets. In 2021, Charles Hoskinson unilaterally used his genesis keys to REWRITE the Cardano ledger and take control of ₳318m ($619m) By comparison, when the DAO hack happened in 2016, the Ethereum community forked over $60m. One of the largest ledger reorgs in blockchain history: — masato_alexander (@masatoalexander) May 7, 2025 While these accusations didn’t seem to have much effect on the Cardano price at the time (since it rose from $0.679 on May 7 to $0.825 on May 12), Hoskinson was quick to respond, posting a strong rebuttal that same month. I'm absolutely disgusted by the conduct of the Crypto Media. Any semblance of objective or fair reporting has been thrown out the window in favor of maximally viral clickbait. The facts are that every party connected to the Ada voucher redemption has publicly stated there is no… — Charles Hoskinson (@IOHK_Charles) May 20, 2025 The Cardano founder promised an audit of the hard fork, writing at the time that BDO would be conducting it, and now it seems that the audit is very close to completion. I just received the first copy of the audit report. I requested a lot more detail and context in several areas, but it's shaping up quickly. I believe we are on schedule for a mid-August release, assuming the work continues at this pace and there are no delays. I will read the… — Charles Hoskinson (@IOHK_Charles) July 20, 2025 As yesterday’s tweet makes clear, Input Output are working towards a “mid-August release,” with Hoskinson vowing to read “the entire report via a livestream,” while a “dedicated website will host it.” This seems to have had a galvanizing effect on the Cardano price, and once the audit does appear, the altcoin could rise even further. Looking at its chart today, its current rally may be close to peaking, given that its indicators are moving into overbought positions. Most notably, its relative strength index (yellow) has crossed 80 today, so arguably it’s not far from correcting. Source: TradingView On the other hand, its MACD (orange, blue) has not quite reached the peaks it recorded in late November and early December, so we may have a few more days until ADA corrects. Having said, that the altcoin remains 71% down on its ATH of $3.09 (set in September 2021), so it’s arguably still oversold and undervalued in the longer term. As such, the release of the audit in August could be a catalyst for further gains, with Cardano’s growth as a layer-one helping to push the coin’s price up to $1.50 or even $2 by the end of the year. TOKEN6900 Nears $1 Million in Presale: Is This the Next Viral Meme Coin? If Cardano is a bit too slow-and-steady for some traders, they may prefer to diversify into new alts, which can usually display more volatility (both positive and negative). This is particularly the case with presale coins, which in generating momentum during their sales can often enjoy big listings. One presale coin that’s currently having a good sale is TOKEN6900 (T6900), an ERC-20 crypto that has now raised over $900,000 in its sale. Token 6900 bruhh pic.twitter.com/SgLtFgQeWc — Token6900 (@Token_6900) July 20, 2025 TOKEN6900’s presale has been running for only a few weeks, so its total raise so far is a strong sign of its future potential. The project has styled itself after the dot-com bubble of the late 90s and early 2000s, with its social channels and website adopting retro graphics and irreverent sense of humor. Unlike certain meme coins that attempt (often vainly) to give themselves fundamentals (e.g. Shiba Inu), TOKEN6900 is selling itself as a ‘pure’ meme coin, with no utility or use case. Instead, it aims to generate a following based on marketing, hype and the fear of missing out, and so far this tactic seems to be working. The T6900 token will have a max supply of 930,993,091, with holders able to stake the coin to earn themselves a passive income. This could make the coin profitable hold, with investors able to buy it during its presale by going to the TOKEN6900 website . They can currently buy T6900 at the price of $0.00665, although this will rise again tomorrow, so new buyers should hurry. The post Cardano Price Prediction: Hoskinson Preps Explosive Audit Amid $600M Scandal – Could This Be a Bullish Setup in Disguise? appeared first on Cryptonews .