TL;DR Cardano allocates $15M to adoption, partnering with NASA, FC Barcelona, and the UNDP in 2024. ADA gains 23% weekly as bullish momentum builds and traders eye $0.86 and $1.32 resistance levels. Whales acquire 120M ADA amid rising ETF approval odds, now at 89% per Polymarket data. Cardano Foundation Boosts Spending in 2024 Cardano Foundation, a non-profit supporting the Cardano blockchain, reported spending $22.1 million across its core areas last year. This marks a 15% increase from 2023, when the foundation spent $19.22 million. The spending was directed toward adoption, operational resilience, and education, according to a report available via the Reeve on-chain tool. More than half of the 2024 budget $15 million, was allocated to adoption efforts. These included partnerships with global organizations such as NASA, FC Barcelona, and the United Nations Development Programme. The goal was to drive real-world use cases of the Cardano network through these collaborations. ADA Sees Price Increase Amid Bullish Momentum Cardano (ADA) was trading at $0.72 at press time, with a 24-hour trading volume of $1.5 billion. The token has gained 15% in the past day and 23% over the last seven days. This growth follows a broader trend of rising interest in ADA, especially after the foundation’s reported increase in ecosystem investment. Interestingly, technical analysts have raised the probability of a bullish reversal to 40%, suggesting that the correction phase may be over. For this scenario to unfold, ADA must break above resistance at $0.86. A further move above $1.32 would confirm the next upward wave, signaling a continuation of the current trend. Source: TradingView Ali Martinez also weighed in on the matter, indicating that ADA is currently sitting at the bottom of a parallel channel. The last time something similar occurred, the asset’s price flew by over 50%, as it happened in April. Whales Accumulate ADA as ETF Hopes Grow As CryptoPotato recently reported , large investors holding between one and ten million ADA acquired 120 million tokens in the past two weeks. This purchase amounts to over $71 million, bringing their total holdings to 5.57 billion ADA—about 15.4% of the total circulating supply. Market attention is also on a potential spot ADA ETF in the United States. If approved, the product would offer traditional investors exposure to ADA through regulated brokerage platforms. Polymarket data shows the approval odds have increased from 56% in early July to 89% as of now. Source: Polymarket However, while momentum builds, key price levels remain in focus. A break above $0.86 would strengthen the bullish case. The $1.32 mark is being monitored as the next resistance level. On the downside, support is expected near $0.31 if a pullback occurs. The post ADA Soars 15% Daily: But Is This Just the Beginning of a Bigger Rally? appeared first on CryptoPotato .
The cryptocurrency market is witnessing a significant upswing as XRP hits an eight-week high, driven by strong institutional interest and positive developments within the XRPL ecosystem. Bitcoin continues to break
The Ethereum Foundation is preparing to bring zero-knowledge technology to Ethereum, with plans to launch a zkEVM on the layer-1 network within a year.
Bitcoin traded in a tight band between $117,705 and $118,091 over the last hour, as bullish momentum continues to ripple through the crypto market. The leading cryptocurrency holds a market cap of $2.34 trillion, with 24-hour trading volume at $81.33 billion and an intraday price range between $110,768 and $118,839, highlighting a broad and volatile
A guaranteed income pilot program is launching in one US county to help those already enrolled in government aid programs pay for basic needs. Contra Costa County in California will provide 178 people with up to $1,250 per month for 18 months, reports CBS News. The program has just been approved by the Contra Costa County Board of Supervisors, which previously allocated $3.25 million in county funds and another $1 million in state funds for the effort. The program will be administered by the county’s Employment and Human Services Department. Those eligible are from four specific populations: youth transitioning out of foster care, families with young children experiencing financial hardship, low-income seniors and people on probation returning to the community after incarceration. Participants also need to be enrolled in county-sponsored programs to be eligible, such as CalWORKs. The first payments are expected to go out on January 15th. Says Marla Stuart, director of the county’s Employment and Human Services Department, “I think you can provide the most, the largest percent of the budget, to the benefits themselves if you don’t have to invest in administrative overhead, advertising, applications, determining eligibility and then managing the case throughout the period.” Board chair Candace Andersen says the program is a pilot that may result in an expanded effort, noting there are more than 300,000 people in Contra Costa County on some form of government assistance. “Most pilots are put in place to say, ‘Hey, does this work? Should we then expand it into a bigger program that might help even more people?’ And that’s what this is.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Up to $22,500 per Participant To Be Handed Out as US County Greenlights Guaranteed Income Pilot Program: Report appeared first on The Daily Hodl .
A presale refers to an early sale of tokens before they are listed on public
Two cryptocurrency wallets, believed to be controlled by a single entity, recently acquired a substantial amount of 4,552 ETH through Binance, representing a transaction value near $13.7 million. This sizable
The Maltese Financial Services Authority (MFSA) assured that no Maltese MiCA licenses are at risk of being revoked following a peer review by the European Securities and Markets Authority (ESMA). “No MiCA license in Malta is at risk of revocation or re-examination due to the outcome of the peer review,” an MFSA spokesperson. The regulator specified that it has already begun addressing issues that were raised in the review, showcasing its commitment to high regulatory standards and collaboration with EU institutions. Malta Maintains Its EU Crypto Regulation Leadership The ESMA review focused on identifying gaps in authorization in Malta’s crypto regulation. But the MFSA pointed out that the report confirmed its solidity as a regulator. “Malta was a pioneer in crypto regulation back in 2018,” the MFSA added. Industry observers agreed. Nathan Catania, partner at XReg Consulting, stated that Malta’s forerunner in regulating crypto asset service providers (CASPs) placed the island in front of other EU jurisdictions prior to MiCA’s arrival. ESMA’s report also made generic suggestions for all EU National Competent Authorities (NCAs). These were: Parallel assessment of CASP business plans Solving any potential conflict of interest Exposure assessment to DeFi and unregulated services MFSA CEO Kenneth Farrugia affirmed Malta’s readiness to implement the suggested standards, with implementation to be completed by September 2025. “This review gives additional assurance to those considering licensing in Malta,” Farrugia stated. Malta’s Long Journey Toward Crypto Regulation The dream of being a “blockchain island” started for Malta in 2018 when it led the world as the first country to fully regulate the financial as well as the technical aspect of crypto. However, its journey has not been without critics. A great number of early license applicants failed MFSA’s tests, and the exodus of most firms after making the shift raised questions among people. Despite the hiccups, the MFSA has always been a rule of law player. In response to the crypto meltdowns like FTX’s meltdown, the MFSA left no room for doubt that unlicensed entities had no place operating under its umbrella. EU Review Reflcts Broader Oversight Strategy Although the ESMA review was done in Malta, the agency made sure to highlight that the findings will shape future supervision across the EU. The peer review system will be utilized internally in assessing other members’ crypto regulations. By staying ahead of the implementation timeline and sealing loopholes rapidly, Malta is seeking to solidify its place as a reliable and innovative regulator in the EU’s emerging crypto environment.
The post SEI Price is Surging: What’s Driving It and How High Can It Go? appeared first on Coinpedia Fintech News Sei Network’s Explosive Ecosystem Growth The Sei blockchain is experiencing massive growth in both users and transaction volume. In just the past month, the network’s Total Value Locked (TVL) surged past $540 million, while daily decentralized exchange (DEX) volume regularly crosses $60 million. More than 266,000 new wallets were created in the last year alone, showcasing a growth rate of over 31,000%. This explosion in network adoption signals genuine user interest and utility. New projects, including DeFi, NFT, and gaming dApps, continue to build on Sei, further enhancing its value proposition. The ecosystem expansion is not just speculative hype—it reflects increasing demand for scalable and cost-efficient platforms tailored for traders. As more developers are onboarded and retail participation grows, SEI’s utility and token value could keep rising in tandem. Strategic Integrations Fueling Institutional Interest SEI’s rally isn’t only due to grassroots growth—it’s also driven by institutional confidence. Recent partnerships like the integration of native USDC via Circle’s CCTP V2 are game-changers. This reduces cross-chain friction, increases liquidity, and simplifies capital inflow across ecosystems. Moreover, the Wyoming Stable Token Commission recently shortlisted SEI as a potential blockchain to host a state-backed stablecoin—a strong nod to its performance and reliability. These integrations bring more than headlines; they attract long-term institutional capital. Additionally, validator APYs have increased to over 9%, further incentivizing staking and reducing circulating supply. All these moves showcase SEI’s growing legitimacy as an infrastructure layer for both decentralized and government-level finance. If this momentum continues, SEI could transition from a promising altcoin to a core holding in many crypto portfolios. Price Outlook: How High Can SEI Go? The SEI price has recently broken past resistance around $0.26 and is now trading above $0.34, marking a nearly 70% rise from recent lows. If this momentum continues, short-term targets lie in the $0.38–$0.40 range. In the mid- to long term, bullish forecasts suggest SEI could reach $0.77 to $1.12 by the end of 2025, especially if network usage sustains its upward trend. The short-term price action appears to be extremely bullish, as the price has printed the second consecutive bullish candle, which is pretty huge. Previously, a similar breakout elevated the levels from $0.19 to $0.3 and hence the rise from $0.26 is expected to elevate the levels above $0.4. The RSI is incremental and is about to enter the overbought range, which could push the prices higher. With this, the 50-day & 200-day MA could undergo a bullish crossover, which may further push the prices close to or above $0.5. Once the levels settle above this range, the SEI price could surge and form a new ATH or may even achieve the psychological level at $1. Long-term projections (2027–2030) even point to SEI hitting $2.00 or higher, contingent on broader market cycles and continued adoption. Still, SEI remains a relatively new and volatile asset, and investors should watch for technical pullbacks. With high volume, surging fundamentals, and favorable sentiment, SEI could emerge as one of this cycle’s breakout altcoins.
The world of cryptocurrency is often abuzz with rapid developments, and recent whispers about a significant ETH sale sparked considerable discussion within the Ethereum community. Was the Ethereum Foundation offloading assets? The question hung in the air, prompting speculation and curiosity. Thankfully, clarity has emerged, shedding light on the true nature of this transaction and introducing a new, pivotal player in the Ethereum ecosystem. What’s the Buzz About the Recent ETH Sale and Who is Behind It? For a brief period, a wave of concern rippled through the crypto space as reports surfaced about a substantial sale of 1,210 ETH, valued at approximately 3.5 million USDC. Naturally, when an entity as influential as the Ethereum Foundation is associated with such a large transaction, the community takes notice. Initial speculation quickly pointed fingers, leading to questions about the EF’s financial strategy or potential shifts in its long-term vision. However, these concerns were swiftly addressed and put to rest by Hsiao-Wei Wang, co-Executive Director of the Ethereum Foundation , who took to X (formerly Twitter) to provide a crucial ETH sale clarification . Wang unequivocally stated that the sale was not executed by the Ethereum Foundation itself. Instead, the transaction was carried out by a newly formed, independent non-profit organization known as Argot Collective. This clarification is vital for maintaining transparency and trust within the decentralized ecosystem. It underscores the importance of accurate information dissemination, especially when dealing with high-value transactions involving key players. The distinction between the Ethereum Foundation and Argot Collective, though both deeply rooted in the Ethereum ecosystem, is a key takeaway from this incident, showcasing a maturing approach to governance and operations. Unveiling Argot Collective: A New Era for Ethereum Infrastructure? So, who exactly is Argot Collective , and why are they involved in such significant transactions and responsibilities? Argot Collective is not just any new player; it’s a non-profit organization formed by a group of 25 highly experienced individuals, all of whom are former employees of the Ethereum Foundation . This makes their emergence particularly noteworthy, as they bring with them a deep understanding of Ethereum’s intricate workings and its foundational principles, having been integral to its development for years. The primary responsibility now entrusted to Argot Collective is the maintenance of Ethereum’s core infrastructure. This is a monumental task, encompassing everything from protocol upgrades and security audits to ensuring the network’s stability and continued evolution. This transition marks a strategic move towards further decentralizing the development and maintenance aspects of Ethereum, distributing responsibility among capable, independent entities rather than concentrating it solely within the Ethereum Foundation. The benefits of this transition are multi-faceted: Specialized Focus: Argot Collective can dedicate its entire focus to core infrastructure, potentially leading to more efficient and streamlined development cycles for critical network components. Reduced Centralization Risk: By distributing responsibilities, the Ethereum ecosystem becomes more resilient to potential single points of failure, enhancing its robustness and censorship resistance. Leveraging Expertise: The collective comprises individuals with invaluable, direct experience from their time at the EF, ensuring continuity, high-quality work, and a seamless transfer of institutional knowledge. Enhanced Agility: As a smaller, dedicated non-profit, Argot may be able to respond to urgent infrastructure needs with greater agility than a larger foundation. This development signifies a maturing ecosystem, where foundational responsibilities are progressively handed over to specialized, independent groups, fostering a more robust and truly decentralized future for Ethereum. How Does This Move Bolster Ethereum Foundation’s Ethereum Decentralization Efforts? The Ethereum Foundation has long championed the ethos of decentralization. From its inception, the goal has been to create a global, permissionless, and censorship-resistant network that operates without reliance on a central authority. While the EF has played a crucial role in bootstrapping the network, funding research, and coordinating development, its long-term vision has always included a gradual reduction of its direct operational footprint as the ecosystem matures. The delegation of core infrastructure maintenance to Argot Collective is a significant step in this ongoing journey towards Ethereum decentralization . It demonstrates the EF’s commitment to fostering a truly distributed network where various independent teams and organizations contribute to its health and growth. This move lessens the perceived central control of the Ethereum Foundation over critical operational aspects, distributing it among a broader set of stakeholders and reinforcing the network’s decentralized nature. Consider the implications: Aspect Before Argot Collective After Argot Collective Core Maintenance Responsibility Primarily within EF’s direct purview, alongside other mandates. Transferred to independent Argot Collective, dedicated solely to this function. Decentralization Impact EF maintains significant operational control, potentially seen as a central point. Reduced central point of control, increased distribution of critical tasks. Community Perception Some perceived centralization around EF’s extensive roles. Clearer separation of roles, more distributed power and responsibility. Resource Allocation EF’s resources spread across multiple initiatives. Argot Collective’s resources hyper-focused on infrastructure maintenance. While this transition is largely positive, it’s not without its challenges. Ensuring seamless coordination between Argot Collective and other independent development teams, as well as maintaining transparent communication with the broader community, will be paramount. However, the overarching benefit is a stronger, more resilient network that truly embodies the core principles of blockchain technology and moves closer to a fully decentralized future. What Does This Mean for the Future of Ethereum’s Core Infrastructure? The handover of Ethereum infrastructure maintenance to Argot Collective signals a dynamic shift in how the network’s foundational layers will be managed and evolved. This isn’t merely a change in personnel; it’s a strategic realignment designed to optimize the network’s long-term health and adaptability. With a dedicated team focused solely on the core, we can anticipate several key developments that will shape Ethereum’s trajectory: Enhanced Efficiency: A specialized team, free from the broader mandates of the Ethereum Foundation, can potentially streamline processes and accelerate critical updates, leading to faster implementation of improvements. Increased Resilience: Diversifying the entities responsible for core maintenance adds another layer of security and robustness to the network, making it less susceptible to concentrated risks or single points of failure. This distributed responsibility model enhances the network’s overall anti-fragility. Focused Innovation: Argot Collective’s singular focus on infrastructure can foster innovative solutions for scalability, security, and protocol improvements. Their dedicated expertise could lead to breakthroughs in areas like client diversity, network upgrades, and overall system optimization. Community Engagement: While independent, Argot Collective will undoubtedly need to maintain strong ties with the wider Ethereum developer community and research groups. This collaborative approach ensures that their work aligns with collective goals and emerging needs, fostering a vibrant ecosystem. For developers, this might mean clearer communication channels regarding core protocol changes and a more predictable roadmap for infrastructure upgrades, enabling them to build more confidently on the network. For users, it translates to a more stable, secure, and progressively optimized network experience, reinforcing trust in the platform. This strategic move by the Ethereum Foundation to empower Argot Collective is a testament to the maturing ecosystem, where specialized expertise drives the evolution of one of the world’s most important blockchain networks, paving the way for a more robust and decentralized future. Conclusion: A Bold Step Towards Ethereum’s Decentralized Future The recent ETH sale clarification by the Ethereum Foundation , revealing Argot Collective as the true transactor and the new custodian of Ethereum’s core infrastructure, is more than just a news item; it’s a profound statement about the ongoing evolution of the network. It highlights a deliberate and strategic pivot towards greater Ethereum decentralization , empowering independent, expert-led organizations like Argot Collective to take the reins of vital operational responsibilities. This move strengthens the network’s resilience, fosters specialized innovation, and reinforces the core principles upon which Ethereum was built. As Ethereum continues its journey, such strategic realignments ensure its adaptability and long-term viability in an ever-changing digital landscape, solidifying its position as a truly decentralized global computer. This crucial step promises a more robust and distributed future for the entire Ethereum ecosystem. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum’s institutional adoption.