Are you prepared for a potentially stronger US dollar? Financial giant Standard Chartered suggests that fiscal stimulus measures are poised to be a significant catalyst, driving substantial US Dollar Gains in the near future. For cryptocurrency enthusiasts and forex traders alike, understanding the dynamics of the Forex Market and the Dollar Outlook is crucial. Let’s dive into what this means for you and the broader financial landscape. Decoding Fiscal Stimulus: The Engine for US Dollar Gains? What exactly is fiscal stimulus, and how does it become the engine for US Dollar Gains ? Fiscal stimulus refers to government actions designed to invigorate a country’s economy. These measures can take various forms, including: Increased Government Spending: Injecting money directly into the economy through infrastructure projects, social programs, or direct payments to citizens. Tax Cuts: Reducing taxes for individuals and businesses, aiming to boost disposable income and encourage investment. When governments implement fiscal stimulus, it can lead to increased economic activity. This, in turn, can make a country’s assets, including its currency, more attractive to investors. Standard Chartered believes that the current fiscal environment in the United States is setting the stage for a stronger dollar. Why Fiscal Stimulus Bolsters USD Strength: Unpacking the Mechanics The link between fiscal stimulus and USD Strength isn’t always straightforward. Let’s break down the key mechanisms at play: Economic Growth Expectations: Fiscal stimulus aims to accelerate economic growth. If successful, it can lead to higher interest rates as central banks respond to increased economic activity and potential inflation. Higher interest rates make a currency more appealing to foreign investors seeking better returns. Increased Borrowing: To fund fiscal stimulus, governments often increase borrowing by issuing bonds. This can lead to higher bond yields, further attracting foreign investment and increasing demand for the domestic currency, in this case, the US dollar. Safe Haven Appeal: In times of global economic uncertainty, the US dollar is often considered a safe haven asset. If fiscal stimulus is perceived as successfully stabilizing or boosting the US economy, it can enhance the dollar’s safe-haven appeal, driving further inflows. Standard Chartered’s analysis likely emphasizes these factors, suggesting that the planned or potential fiscal measures in the US will create a favorable environment for USD Strength . Navigating the Forex Market: Opportunities and Challenges of a Stronger Dollar A strengthening US dollar presents both opportunities and challenges within the Forex Market . Understanding these nuances is vital for traders and investors: Opportunities: Dollar-Denominated Assets: Assets priced in US dollars, such as US stocks and bonds, can become more attractive to international investors as the dollar appreciates. Importing Goods: A stronger dollar makes imports cheaper for US consumers and businesses. Potential for Carry Trades: Traders may engage in carry trades, borrowing in currencies with lower interest rates and investing in dollar-denominated assets to capitalize on interest rate differentials and potential dollar appreciation. Challenges: Exports Become More Expensive: A stronger dollar makes US exports more expensive for foreign buyers, potentially impacting US export competitiveness. Emerging Market Debt: Emerging market countries with significant dollar-denominated debt may face increased repayment burdens as the dollar strengthens. Impact on Commodity Prices: Many commodities are priced in US dollars. A stronger dollar can sometimes lead to lower commodity prices, although this relationship isn’t always consistent and is influenced by various factors. Dollar Outlook: What’s Next for the Greenback? What does the future hold for the Dollar Outlook ? While Standard Chartered’s report points towards potential US Dollar Gains driven by fiscal stimulus, it’s crucial to consider other factors that can influence the dollar’s trajectory: Factors Beyond Fiscal Stimulus: Monetary Policy: Actions by the Federal Reserve (the US central bank) regarding interest rates and quantitative easing play a significant role in dollar valuation. Global Economic Conditions: The relative strength of other economies and global risk sentiment can impact the dollar’s appeal. Geopolitical Events: Unexpected global events can trigger shifts in currency valuations, often favoring safe-haven currencies like the dollar. Therefore, while fiscal stimulus can be a powerful driver, a comprehensive Dollar Outlook requires monitoring a range of economic and geopolitical indicators. Traders should stay informed about central bank announcements, economic data releases, and global events to make well-rounded decisions in the Forex Market . Actionable Insights: Positioning Yourself for Potential Dollar Appreciation If you believe, like Standard Chartered, that fiscal stimulus will indeed drive US Dollar Gains , here are some actionable insights to consider: Review Your Portfolio: Assess your portfolio’s exposure to the US dollar. Consider if increasing your allocation to dollar-denominated assets aligns with your investment strategy and risk tolerance. Forex Trading Strategies: Explore forex trading strategies that could benefit from dollar appreciation, such as going long on USD pairs against currencies expected to weaken. Diversification is Key: While the dollar might strengthen, diversification remains crucial. Don’t put all your eggs in one basket. Spread your investments across different asset classes and currencies to mitigate risk. Stay Informed: Keep abreast of economic news, fiscal policy developments, and central bank announcements. Market conditions can change rapidly, and staying informed is your best tool. Conclusion: The Dollar’s Stimulus-Fueled Ascent? Standard Chartered’s prediction of US Dollar Gains driven by fiscal stimulus presents a compelling narrative for the Forex Market . While the potential for a stronger dollar appears significant, it’s essential to remember that currency markets are complex and influenced by a multitude of factors. By understanding the mechanics of fiscal stimulus, the dynamics of the Forex Market , and staying informed about the broader Dollar Outlook , you can better navigate the opportunities and challenges that a potentially strengthening US dollar may present. Whether you are a seasoned forex trader, a cryptocurrency investor, or simply managing your personal finances, the trajectory of the US dollar is a factor worth watching closely. To learn more about the latest Forex market trends, explore our article on key developments shaping currency valuations.
Bitcoin is recovering after tariffs impact traditional markets. Technical indicators show promise for Bitcoin's stability. Continue Reading: Bitcoin Strives for Stability as Tariffs Heighten Market Tensions The post Bitcoin Strives for Stability as Tariffs Heighten Market Tensions appeared first on COINTURK NEWS .
Brazilian judges have been authorized to seize cryptocurrency assets from debtors who owe money and are behind on their payments, signaling a growing recognition that digital assets can be both a form of payment and a store of value. According to local media reports , the Third Panel of Brazil’s Superior Court of Justice unanimously authorized judges to send letters to cryptocurrency brokers informing them about their intent to seize an account holder’s assets to repay creditors. The report was confirmed by the Superior Court of Justice, which issued a notice on its website. The decision was reached unanimously by the Third Panel, which reviewed a case brought forward by a creditor. “Although they are not legal tender, crypto assets can be used as a form of payment and as a store of value,” a translated version of the Superior Court of Justice’s memo read. Source: STJnoticias Under existing rules, Brazilian judges are allowed to freeze bank accounts and order fund withdrawals, even without a debtor’s knowledge, should they rule that a creditor is owed money. Following the recent decision, crypto assets now fall under the same purview. Minister Ricardo Villas Bôas Cueva, who voted in the five-person panel, said cryptocurrencies still lack formal regulation in Brazil but noted certain bills have recognized the asset class as “a digital representation of value.” Related: Brazil’s data watchdog upholds ban on World crypto payments Despite regulatory uncertainty, Brazil is a major hub for crypto Although Brazil still lacks an overarching framework for digital assets, with the country’s central bank divvying up the regulatory processes into phases, crypto adoption is surging across the country. Brazil ranks second among all Latin American countries in terms of “crypto value received,” which is a key benchmark for adoption, according to an October report by Chainalysis. In Latin America, only Argentina has higher crypto penetration in terms of value received as of June 2024. Source: Chainalysis Earlier this year, crypto exchange Binance was granted approval to operate in the country after it acquired a São Paulo-based investment company. A Binance executive told Cointelegraph at the time that Brazil was making “significant strides” in regulating the industry and expects a comprehensive framework to be finalized “by mid-year.” Nevertheless, not all of Brazil’s regulatory proposals have been favorable for the industry. In December, the country’s central bank proposed banning stablecoin transactions on self-custodial wallets at a time when more locals were using dollar-pegged tokens to hedge against the devaluation of the Brazilian real. Industry observers told Cointelegraph at the time that such a ban would be difficult to enforce. “Governments can regulate centralized exchanges, but P2P transactions and decentralized platforms are much harder to control, which means the ban would likely only affect part of the ecosystem,” said Lucien Bourdon, an analyst with Trezor. Related: Brazilian lawmaker introduces bill to regulate Bitcoin salaries
Brace yourselves, crypto enthusiasts! The traditional financial world is sending shockwaves through the markets. Walter Bloomberg, a prominent voice on X (formerly Twitter), has signaled a major development: the tech-heavy Nasdaq 100 index has officially plummeted 20% from its record high. This significant drop isn’t just a blip on the radar; it’s a stark warning that the Nasdaq 100 is teetering on the edge of a bear market. For those deeply invested in the volatile crypto sphere, understanding the implications of a Nasdaq 100 bear market is not just prudent—it’s crucial. Let’s dive deep into what this means, how it affects your crypto holdings, and what investing strategy you should consider navigating these turbulent times. What Exactly is a Nasdaq 100 Bear Market and Why Should Crypto Investors Care? First things first, let’s demystify what a bear market actually signifies. In simple terms, a bear market is declared when a major stock market index, like the Nasdaq 100, falls by 20% or more from its recent peak. This isn’t just a minor correction; it’s a strong indicator of widespread investor pessimism and a potential economic slowdown. The Nasdaq 100, packed with giants like Apple, Microsoft, Amazon, and Google, is a bellwether for the technology sector and the broader economy. Its performance often mirrors, and sometimes even dictates, the sentiment across global markets, including the cryptocurrency market. Why should crypto investors pay attention? The correlation between traditional stock markets and the cryptocurrency market has become increasingly pronounced. While crypto was once touted as an uncorrelated asset, recent market behavior suggests otherwise. When traditional markets like the Nasdaq 100 experience a downturn, it often triggers a ripple effect across the crypto landscape. This is due to several factors: Investor Sentiment: A stock market crash or significant downturn can breed fear and risk aversion across all asset classes. Investors may liquidate riskier assets like cryptocurrencies to cover losses in traditional markets or move to safer havens. Institutional Investment: Increased institutional investment in crypto means that these markets are now more intertwined. Institutions often manage portfolios across both traditional and digital assets, leading to correlated trading patterns. Macroeconomic Factors: Both stock markets and crypto markets are influenced by the same macroeconomic factors, such as inflation, interest rates, and economic growth. A negative outlook on the economy can negatively impact both. Therefore, the Nasdaq 100 entering a bear market is a significant event for anyone involved in cryptocurrencies. It’s a signal to reassess your portfolio, understand the potential risks, and adjust your investing strategy accordingly. Decoding the Nasdaq 100 Drop: What Factors are at Play? Several factors could be contributing to the Nasdaq 100’s recent decline and potential entry into a bear market. Understanding these factors is crucial for anticipating future market movements and refining your investing strategy . Here are some key elements: Inflationary Pressures: Persistent inflation is a major concern globally. Central banks, including the Federal Reserve in the US, are aggressively raising interest rates to combat inflation. Higher interest rates make borrowing more expensive, which can slow down economic growth and negatively impact corporate earnings, especially for growth-oriented tech companies in the Nasdaq 100. Rising Interest Rates: As mentioned, rising interest rates are a direct response to inflation. These hikes not only increase borrowing costs for companies but also make bonds and other fixed-income investments more attractive compared to stocks, leading investors to potentially shift away from equities. Geopolitical Uncertainty: Global events, such as geopolitical tensions, supply chain disruptions, and energy crises, add layers of uncertainty to the economic outlook. These uncertainties can spook investors and trigger market sell-offs. Earnings Concerns: As economic growth slows, there are concerns about corporate earnings, particularly for tech companies that have benefited from pandemic-era growth. If earnings expectations are revised downwards, stock valuations can take a hit. These factors collectively paint a picture of a challenging economic environment that is putting downward pressure on the Nasdaq 100 and other stock indices. For crypto investors, this translates to increased volatility and potential downward pressure on cryptocurrency prices as well. Navigating the Market Downturn: Crypto Investing Strategies in a Bear Market A market downturn , while concerning, also presents opportunities. A well-thought-out investing strategy can help you not only weather the storm but also position yourself for potential gains when the market eventually recovers. Here are some strategies to consider: Dollar-Cost Averaging (DCA) Dollar-cost averaging is a classic investing strategy , especially effective in volatile markets. It involves investing a fixed amount of money at regular intervals, regardless of the asset’s price. When prices are low, you buy more; when prices are high, you buy less. This approach helps to smooth out your average purchase price over time and reduces the risk of investing a lump sum at the market peak. In a bear market , DCA allows you to accumulate assets at potentially lower prices, setting you up for better returns when the market rebounds. Focus on Strong Fundamentals In a bear market , it’s crucial to focus on cryptocurrencies with strong fundamentals. This means projects with: Solid Technology: Projects with innovative and robust technology that solve real-world problems are more likely to survive and thrive in the long run. Strong Community and Development Team: A vibrant and active community, along with a dedicated development team, indicates ongoing support and improvement of the project. Real-World Use Cases: Cryptocurrencies with actual use cases beyond speculation are more resilient during market downturns. Healthy Tokenomics: Understand the token supply, distribution, and inflation mechanisms. Projects with sound tokenomics are generally more sustainable. Focusing on fundamentally strong projects can help you identify cryptocurrencies that are likely to recover and grow once the market downturn subsides. Risk Management is Key Effective risk management is paramount in a bear market . Consider these risk management strategies: Portfolio Diversification: Don’t put all your eggs in one basket. Diversify your crypto portfolio across different types of cryptocurrencies and consider diversifying into other asset classes as well. Position Sizing: Don’t overextend yourself. Invest only what you can afford to lose, especially in volatile markets. Stop-Loss Orders: Use stop-loss orders to limit potential losses if prices fall below a certain level. Take Profits: When markets are volatile, consider taking profits when you reach your targets. Don’t get overly greedy, especially in uncertain times. Consider Stablecoins and Cash During a stock market crash or a significant market downturn , holding stablecoins or cash can be a prudent move. Stablecoins pegged to fiat currencies like the US dollar can provide a safe haven during volatility. Cash reserves can be deployed to buy assets at lower prices when opportunities arise. Having some capital on the sidelines gives you flexibility and the ability to capitalize on discounted prices during the bear market . Examples of Bear Markets and Crypto Resilience History offers valuable lessons. Past bear markets in traditional finance and crypto have often been followed by periods of significant growth. Consider these examples: Market Event Description Crypto Market Response (Example) 2008 Financial Crisis (Stock Market) Severe global financial crisis triggered by the collapse of the housing market. Bitcoin was born shortly after, arguably as a response to the failures of the traditional financial system. 2018 Crypto Bear Market Following the 2017 crypto boom, the market experienced a prolonged bear market. Projects with strong fundamentals, like Ethereum and Bitcoin, eventually recovered and reached new all-time highs. March 2020 COVID-19 Crash (Stock Market & Crypto) Global markets plummeted due to the onset of the COVID-19 pandemic. Both stock markets and crypto markets rebounded strongly, with crypto experiencing exponential growth in the following months. These examples illustrate that while bear markets can be painful, they are often cyclical. For long-term investors, they can represent opportunities to accumulate assets at lower prices. The key is to have a resilient investing strategy and focus on the long game. Actionable Insights: What Crypto Investors Should Do Now Given the Nasdaq 100’s potential bear market entry, here are some actionable insights for crypto investors: Review Your Portfolio: Assess your current crypto holdings. Identify any projects that may be particularly vulnerable in a market downturn and consider rebalancing your portfolio. Stress-Test Your Strategy: Evaluate how your investing strategy would perform under continued downward pressure. Are you prepared for further declines? Stay Informed: Keep abreast of market developments, both in traditional finance and crypto. Understand the macroeconomic factors influencing the markets. Don’t Panic Sell: Emotional decisions can be costly. Avoid panic selling based on short-term market fluctuations. Stick to your long-term investing strategy . Seek Opportunities: Bear markets can create buying opportunities. Identify fundamentally strong cryptocurrencies that may be undervalued and consider deploying capital strategically. Conclusion: Navigating the Bear – Opportunity or Threat? The Nasdaq 100 signaling a bear market is undoubtedly a significant event that warrants attention from crypto investors. While it brings uncertainty and potential short-term pain, it’s crucial to remember that market cycles are a natural part of the financial landscape. A market downturn , while challenging, is not necessarily a catastrophe. In fact, for informed and prepared investors, it can be a period of immense opportunity. By adopting a sound investing strategy , focusing on fundamentals, managing risk effectively, and staying level-headed, you can navigate this potential bear market and position yourself for future success in the ever-evolving world of cryptocurrency. The key is to see this not just as a threat, but as a potential gateway to long-term gains. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Bitcoin’s current trading dynamics reveal an undervaluation signal, indicating a potential buying opportunity for discerning investors. The leading cryptocurrency is nearing a pivotal phase characterized by historically strong rebounds following
Crypto analyst Egrag Crypto has provided a bullish outlook for the XRP price, predicting it could reach double digits in this market cycle. The analyst also revealed when exactly the cycle peak for XRP in this bull run could occur. Analyst Predicts XRP Price To Reach Double Digits By July 21 In an X post , Egrag Crypto predicted that the XRP price will reach double digits by July 21, which he believes would mark the cycle peak for the altcoin. The analyst stated that so far, Ripple’s native crypto looks on track to reach its cycle peak by July. He added that if the 110-day offset still holds, then the cycle peak could extend to November 9, 2025. The analyst also explained that it took some time for the 21 weekly EMA to catch up with the price action. However, once it finally touched the 21 weekly EMA, XRP took 147 days to complete the last leg of the cycle, lasting 21 days until it hit the cycle peak. As such, Egrag Crypto is confident that July 21 could mark the peak for the altcoin. His prediction of double digits price for XRP came following a question on what the altcoin’s price could be around this July 21 peak. Egrag Crypto simply answered, “double digits,” indicating it could rally to $10 or above. Interestingly, the analyst recently predicted that Ripple’s could rally to $27 in 60 days, which aligns with XRP reaching double digits by July. In another post, Egrag Crypto also gave a short-term XRP price analysis. He stated that a close above $2.24 is the first sign of strength. Furthermore, a close above $2.30 and $2.47 are the second and third sign of strength. The analyst added that a close above $2.70 is the strongest signal for a potential breaout and new all-time high (ATH), with the potential target the $5 range. Ripple’s Native Crypto Could Soon Witness Wave 3 Impulsive Move In an X post, crypto analyst CasiTrades raised the possibility of the XRP price witnessing a Wave 3 impulsive move soon enough. She noted that the altcoin is showing strength today after reclaiming the 0.786 retracement at $2.05, a key level which it needs to flip to support. The analyst has previously predicted that XRP could drop to as low as $1.90 before it rallies to new highs. In her recent analysis, she stated that the next major test is $2.24, where local subwaves and the macro structure are aligning. The analyst added that this price level is the 0.382 retracement of the most recent move down and the 1.618 extension on the subwaves. From a structure standpoint, CasiTrades stated that XRP is now seeing the smaller subwaves beginning to align with the larger Elliot Wave count. She remarked that this is a strong sign that the bottom could be in and that the altcoin is building the foundation for macro Wave 3 up. The analyst warned that failure at $2.24 could stall the XRP price but a new low seems unlikely. Meanwhile, the next resistance levels after are $2.70, $3.05 and then the current ATH of $3.80. CasiTrades reminded market participants that XRP is now officially inside the Fibonacci Time Zone 3, which was set months ago. She remarked that this period is when the market should shift from consolidation into acceleration. The analyst asserted that if the altcoin wants to launch into its macro breakout, now is the time. Factors such as Coinbase’s move to launch XRP futures could spark this breakout. The post Analyst Predicts XRP Price To Reach Double Digits By July 21 Cycle Peak appeared first on CoinGape .
Bitcoin investors are making massive bullish moves with large Bitcoin transfers as BTC reclaims $84K
The global financial firm Republic is planning on purchasing a crypto and tokenized securities trading platform for tens of millions of dollars. According to a new press release , Republic – founded in 2016 and backed by banking giant Morgan Stanley – plans on purchasing real-world asset tokenization platform INX (INXDF) for up to $60 million. The terms of the deal would have Republic purchase all outstanding public shares of INX for approximately $54.8 million, though the finalized deal could be worth up to $60 million. The press release says Republic was interested in acquiring INX because it allows the firm, which was already a shareholder of INX, to fully immerse itself in the world of digital assets by providing blockchain-based decentralized finance (DeFi) and tokenization services. As stated by Shy Datika, Founder and chief executive of INX, “Joining forces with Republic accelerates our vision of a fully regulated, tokenized economy that empowers investors globally. Together, we’re setting a new standard for how real-world assets and digital securities are issued, traded, and managed. By combining INX’s expertise in security token and cryptocurrency trading with Republic’s global investment reach, the merged entity will offer a full investment lifecycle in a regulated and scalable ecosystem – bridging traditional finance and blockchain technology.” According to the press release, Republic is purchasing the rest of INX’s outstanding shares at a staggering 457% premium, based on its latest closing price. INXDF is trading for $0.0634 at time of writing, a 20.75% decrease on the day. 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. Featured Image: Shutterstock/Zaleman/Fotomay The post Financial Firm Republic Plans To Acquire Crypto and Tokenized Securities Trading Platform INX for $60,000,000 appeared first on The Daily Hodl .
Today in crypto, the US Securities and Exchange Commission issued new stablecoin guidelines, Malta’s Financial Intelligence Analysis Unit (FIAU) fined OKX’s Europe-based arm for Anti-Money Laundering (AML) failures, and Genius Group says a US court order is forcing it to reduce its Bitcoin holdings. SEC lays out guidelines for stablecoins, excludes algorithmic tokens The United States Securities and Exchange Commission (SEC) released a statement on April 4 establishing guidelines for stablecoins . In an April 4 statement, the agency minted a new term, "covered stablecoins," classifying them as non-securities and exempting such tokens’ transactions from reporting requirements. According to the SEC's definition , a "covered stablecoin" is fully backed by physical fiat reserves or short-term, low-risk, highly liquid instruments and is fully redeemable at a 1:1 ratio with US dollars. The definition precludes algorithmic stablecoins that maintain their US dollar peg using software or an automated trading strategy, leaving the regulatory status of algorithmic stablecoins, synthetic dollars, and yield-bearing fiat tokens uncertain. Current stablecoin market overview. Source: RWA.XYZ Industry leaders and executives are currently pushing for regulatory changes that would allow stablecoin issuers to share yield opportunities with stablecoin holders and offer onchain interest . According to the new guidelines, covered stablecoin issuers must never co-mingle asset reserves with operational capital or offer tokenholders interest, profit, or yield opportunities. Additionally, the covered stablecoin issuers must never use their reserves for investing or market speculation. Malta regulator fines OKX crypto exchange $1.2 million for past AML breaches Cryptocurrency exchange OKX is under regulatory scrutiny in Europe after Maltese authorities issued a fine for violations of Anti-Money Laundering (AML) laws in the past. Malta’s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe — OKX’s Europe-based arm — 1.1 million euros ($1.2 million) after detecting multiple AML failures on the platform in 2023, the authority announced on April 3. While admitting that OKX has significantly improved its AML policies in the past 18 months, the authority “could not ignore” its compliance failures from 2023, “some of which were deemed to be serious and systematic,” the FIAU said. OKX was among the first crypto exchanges to receive a license under Europe’s new Markets in Crypto-Assets (MiCA) regulation via its Malta hub in January 2025. The FIAU stated that at the time of the compliance examination in 2023, OKX compiled a business risk assessment (BRA) in an attempt to identify threats and vulnerabilities. The regulators found multiple deficiencies within the BRA’s methodology, making OKX unable to properly access the money laundering risks it was exposed to and to take necessary measures to manage them, it said. Some of those risks included potential threats from the use of cryptocurrency mixers or tumblers, privacy coins , stablecoins and the usage of tokens on decentralized exchanges. An excerpt from FIAU’s penalty statement to Okcoin Europe. Source: FIAU A spokesperson for OKX did not respond to Cointelegraph’s request to comment on whether the exchange admitted to such wrongdoing in the past. “With this chapter behind us, OKX remains focused on the future — continuing to build a secure, transparent, and compliant platform for our users worldwide,” the representative said. Genius Group says it’s been banned from buying more Bitcoin Singapore-based artificial intelligence firm Genius Group says it’s temporarily barred from expanding its Bitcoin treasury after a US court order has banned it from selling shares, raising funds and using investor funds to buy more Bitcoin. Source: Roger James Hamilton A New York District court issued the preliminary injunction (PI) and temporary restraining order (TRO) on March 13 in connection with a broader dispute surrounding its merger with Fatbrain AI, the Genius Group said in an April 3 statement. “Genius is taking all necessary measures to minimize Bitcoin sales but anticipates that it will need to downsize its Bitcoin Treasury in the coming months in the event the PI remains in place,” the firm said.
As significant amounts of ADA are acquired by major holders, there is increasing curiosity about ADA’s potential price increase. Data from the last week shows over 240 million ADA purchased, sparking discussions of a possible 5,000% increase. While optimism is apparent, most experts believe such a substantial rise is improbable for this well-known cryptocurrency. At the same time, the emerging cryptocurrency BlockDAG (BDAG) has captured attention with its successful presale. With more than $211.5 million raised and over 19.1 billion BDAG coins distributed, BlockDAG is quickly becoming notable, with functionalities that could transform Layer 1 technology. This analysis will cover Cardano’s price future and BlockDAG’s growing relevance. Cardano Price Prediction: Is a 5000% ADA Increase Feasible? Cardano (ADA) has shown positive trends, rising 4.8% in the last week to a current price of $0.7452. However, a 5000% gain from today’s value would push ADA above $37, a highly optimistic goal for a coin with a significant market presence and circulation. There are, however, signs of market confidence. ADA reached $1.14 in early March following its inclusion in the U.S. government’s new Crypto Strategic Reserve. Market analysts highlight a bullish flag pattern on the ADA chart. The main resistance is at $0.86, with solid support at $0.56. If ADA surpasses $0.86, it might approach $0.96 soon. Additionally, whale transactions indicate positive momentum, with significant holders adding over 240 million ADA—valued at approximately $175 million—in the last week, often a sign of upcoming price stability or increase. Despite its established status as a top-10 cryptocurrency, ADA’s large-scale growth prospects are more limited compared to newer entities like BlockDAG. Exploring BlockDAG: A New Contender in Layer 1 Technology While ADA might offer steady growth, BlockDAG is swiftly gaining recognition as a dynamic candidate in the Layer 1 sector. The project successfully garnered more than $211.5 million during its presale phase, setting the price of BDAG coins at $0.0248 in Batch 27—a significant rise from its initial $0.001 price. This marks an impressive 2,380% return for early supporters even before its introduction to major trading platforms. BlockDAG’s distinct advantage lies in its modern structure. Unlike traditional blockchain frameworks, it employs a Directed Acyclic Graph (DAG) configuration that facilitates simultaneous processing of transactions. This innovation leads to enhanced speed, greater transaction capacity, and reduced costs—addressing the limitations faced by established chains such as Ethereum and Cardano. BlockDAG is more than just a concept; it’s a technology in action. The recent Keynote 3 presentation unveiled its compatibility with both EVM and WASM, enabling developers from Ethereum and other platforms to effortlessly develop on BlockDAG. Additionally, it features user-friendly tools like the Token & NFT Wizard, which simplifies dApp creation without the need for complex coding. Furthermore, its beta Testnet is operational with over 100 active nodes validating transactions, providing tangible evidence that the network performs as promised. Unlike many projects that remain conceptual during their presale stages, BlockDAG is already operational in the real world. BlockDAG is committed to nurturing its ecosystem through substantial financial support. It has introduced a $30 million fund to expedite the development of dApps and tools on its network. BlockDAG aims to be a comprehensive Layer 1 solution for everything from DeFi to NFTs, and even AI-driven applications. The network also offers staking rewards and governance rights as it progresses. Its energy-efficient consensus method enables scalable involvement without the high energy demands typical of older PoW systems. The Rising Appeal of BlockDAG in the Crypto Community With more than 19.1 billion coins distributed and a continuously expanding user base, BlockDAG is quickly becoming the preferred project for those seeking substantial ROI opportunities in the crypto space. Its ongoing presale presents significant discounts and time-sensitive bonuses, offering a unique opportunity to join prior to potential valuation surges post-exchange listings. Participants utilizing the BDAG400 code during this period can enjoy a 5% cashback, adding an extra incentive for early engagement. Concluding Insights While ADA continues to attract significant attention from large-scale holders and shows promising chart patterns, a surge of 5000% seems improbable given its established market presence and maturity. ADA remains a reliable Layer 1 option, yet the prospect of substantial gains may be more likely with newer projects. In contrast, BlockDAG embodies the qualities sought after in an emerging crypto: accessible entry price, robust fundamentals, operational infrastructure, and high return potential. As it approaches its mainnet debut with a thriving ecosystem and strong presale activity, BlockDAG is set to be a standout crypto project in 2025. Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post Cardano Price Forecast: Can ADA Rise 5000% as BlockDAG Presale Tops $211.5 Million? appeared first on TheCoinrise.com .