Cardano price started a fresh decline from the $0.680 zone. ADA is consolidating near $0.620 and remains at risk of more losses. ADA price started a recovery wave from the $0.5850 zone. The price is trading below $0.640 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.640 resistance zone. Cardano Price Faces Resistance In the past few sessions, Cardano saw a fresh decline from the $0.680 level, like Bitcoin and Ethereum . ADA declined below the $0.650 and $0.640 support levels. A low was formed at $0.6040 and the price is now consolidating losses. There was a minor move above the $0.6120 level. The price tested the 23.6% Fib retracement level of the recent decline from the $0.6481 swing high to the $0.6040 low. Cardano price is now trading below $0.640 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.6260 zone and the 50% Fib retracement level of the recent decline from the $0.6481 swing high to the $0.6040 low. The first resistance is near $0.6350. There is also a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the ADA/USD pair. The next key resistance might be $0.6480. If there is a close above the $0.6480 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.680 region. Any more gains might call for a move toward $0.70 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.6350 resistance level, it could start another decline. Immediate support on the downside is near the $0.6040 level. The next major support is near the $0.60 level. A downside break below the $0.60 level could open the doors for a test of $0.580. The next major support is near the $0.5550 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.6040 and $0.580. Major Resistance Levels – $0.6350 and $0.6480.
Payments-focused XRP's immediate prospects look bleak, with its price chart flashing a "rising wedge" breakdown. A rising wedge comprises two converging trendlines that connect higher lows and higher highs. This convergence suggests that upward momentum is weakening. When the price moves below the lower trendline, it signals a shift to a bearish trend. XRP dived out of its rising wedge pattern during Wednesday's early Asian hours, suggesting that the attempted recovery from the April 7 lows near $1.60 has likely lost momentum, allowing sellers to regain control. According to technical analysis theory , analysts should identify the starting point of the rising wedge as the initial support level following the breakdown, which means XRP can now fall back to $1.60. The cryptocurrency has also fallen below the Ichimoku Cloud, a momentum indicator, on the hourly chart, reinforcing the bearish outlook indicated by the rising wedge breakdown. Tuesday's high of $2.18 is the level for bulls to beat to invalidate the bearish outlook.
As Q2 unfolds, Bitcoin (BTC) hovers above $80K , Ethereum (ETH) bounces around $1,560 , and XRP has locked in above $2.03 . These three giants are forming classic launch pad patterns —but beneath the headlines, MAGACOINFINANCE is building the kind of early-stage fire that rarely goes unnoticed twice. ROI Comparison – BTC, ETH, XRP vs MAGACOINFINANCE MAGACOINFINANCE : $0.0002908 to $0.007 = +3,645% ROI BTC : $80K to $150K = +87.5% ROI ETH : $1,560 to $10K = +541% ROI XRP : $2.03 to $10 = +392% ROI STAGE 6 SOLD OUT — STAGE 7 LIVE NOW Pre-Sale Rush: Stage 7 Already 60% Filled MAGACOINFINANCE is climbing rapidly. With Stage 6 SOLD OUT , buyers rushed into Stage 7 , pushing it past 60% capacity within days. The current price sits at $0.0002908 , but the next increase is coming soon. At listing, this token will hit $0.007 —a built-in 2,308% ROI . Activate the MAGA50X bonus and you’ll receive 50% more tokens , boosting your upside to +3,645% . With 12,500+ holders , this isn’t speculation—it’s action. PRESALE LIVE NOW – CLICK HERE TO SECURE A SPOT Viral Momentum: Media Buzz Is Pushing Demand Crypto influencers, YouTube analysts, and top-tier Telegram alpha groups are already buzzing. MAGACOINFINANCE is now appearing on CMC watchlists and has been featured across multiple crypto news outlets. This project is experiencing the same early attention that sparked DOGE in 2021 and SHIBA in its breakout month. With Stage 7 still open, you’re early—but not for long. Current Price Highlights BTC : Around $80,165 , building new higher lows ETH : Trading at $1,560 , solid institutional support XRP : At $2.03 , retesting prior resistance 50% BONUS TOKEN OFFER — ENDS SOON! USE MAGA50X Other Coins to Watch: ADA, TON, LINK, XLM ADA is up around $0.63 , seeing L2 growth TON gains with Telegram’s native integration at $1.08 LINK leads oracle infrastructure at $12.42 XLM builds in remittances above $0.236 Conclusion The market is heating up—but MAGACOINFINANCE is rising faster than anyone expected. Viral energy, stage urgency, and a low price point make this a launchpad of its own. Get in before the next surge— Stage 7 won’t last . Always do your own research before investing. For more information and to participate in the presale: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: $100 Flip: BTC, ETH, and XRP Forming Q2 Launch Pads
The world's largest altcoin might be on the lookout for some key catalysts.
Local governments in China are reportedly seeking ways to offload seized crypto while facing challenges due to the country’s ban on crypto trading and exchanges. The lack of rules around how authorities should handle seized crypto has spawned “inconsistent and opaque approaches” that some fear could foster corruption, lawyers told Reuters for an April 16 report. Chinese local governments are using private companies to sell seized cryptocurrencies in offshore markets in exchange for cash to replenish public coffers, Reuters reported, citing transaction and court documents. The local governments reportedly held approximately 15,000 Bitcoin ( BTC ) worth $1.4 billion at the end of 2023, and the sales have been a significant source of income. China holds an estimated 194,000 BTC worth approximately $16 billion and is the second largest nation Bitcoin holder behind the US, according to Bitbo. Zhongnan University of Economics and Law professor Chen Shi told Reuters that these sales are a “makeshift solution that, strictly speaking, is not fully in line with China’s current ban on crypto trading.” Countries and governments that hold BTC. Source: Bitbo The issue has been exacerbated by a rise in crypto-related crime in China, ranging from online fraud to money laundering to illegal gambling. Additionally, the state sued more than 3,000 people involved in crypto-related money laundering in 2024. China crypto reserve floated as solution Shenzhen-based lawyer Guo Zhihao opined that the central bank is better positioned to deal with seized digital assets and should either sell them overseas or build a crypto reserve. Ru Haiyang, co-CEO at Hong Kong crypto exchange HashKey, echoed the suggestion saying that China may want to keep forfeited Bitcoin as a strategic reserve as US President Donald Trump is doing. Related: Bitcoin rebounds as traders spot China ‘weaker yuan’ chart, but US trade war caps $80K BTC rally Creating a crypto sovereign fund in Hong Kong, where crypto trading is legal, has also been proposed. This issue has gained attention amid rising US-China trade tensions and Trump’s plans to regulate stablecoins and foster growth and innovation in the crypto industry. Several industry observers have suggested that China’s tariff response could result in a devaluation of the local currency, which may result in a flight to crypto . Magazine: Illegal arcade disguised as … a fake Bitcoin mine? Soldier scams in China: Asia Express
China is reportedly intensifying efforts to clarify how to handle a ballooning trove of cryptocurrencies confiscated in criminal cases, as the absence of unified rules triggers concern over corruption and inconsistent enforcement. Although crypto trading is banned in China and digital assets are neither legal tender nor recognized property, local courts and governments have quietly continued to seize Bitcoin and other tokens linked to crimes ranging from internet fraud to illegal gambling. Lawyers, judges and law enforcement officials are now urging regulatory reform to bring transparency and structure to this grey area, Reuters reported Wednesday. Without established guidelines, some fear the current ad hoc handling could embolden criminal networks or create opportunities for abuse within the system. China debates how to handle criminal crypto cache https://t.co/skImimgOWd pic.twitter.com/SGV9rXtuga — Reuters World (@ReutersWorld) April 15, 2025 China’s Crackdown on Crypto Crimes Boosts Government Confiscation Revenues Local governments are under fiscal pressure from China’s slowing economy. In several cases, they have enlisted private firms to liquidate seized cryptocurrencies. Court documents and transaction records reviewed by Reuters show how this works. Authorities convert digital coins into cash and use the proceeds to supplement government funds. These debates come amid a rapid rise in crypto-linked criminal prosecutions . In 2023 alone, Chinese authorities filed charges against over 3,000 individuals for crypto-related money laundering, with total funds involved in such crimes surging tenfold to 430.7 billion yuan ($59b), according to blockchain security firm SAFEIS. The financial stakes are rising alongside enforcement. Penalty and confiscation revenues collected by local governments reached 378 billion yuan ($51.8b) last year, a 65% increase from 2018. Chinese Citizens Evade Ban as Government Quietly Accumulates Crypto A report from Bitcoin investment firm River estimated that China’s local governments held around 15,000 Bitcoin at the end of 2023. At current prices, the stash is worth about $1.4b. This places China among the top holders of the cryptocurrency globally. Despite Beijing’s sweeping ban on cryptocurrency trading and mining in recent years, many Chinese citizens have continued to use offshore exchanges and peer-to-peer methods to access digital assets, often routing transactions through VPNs or overseas platforms. This has complicated enforcement and blurred the line between personal use and criminal conduct. Debates over seized crypto are escalating. Policymakers may now be forced to draft new national-level guidelines. Legal observers believe a formal regulatory response could follow soon. This may reshape how China handles digital assets caught in its legal net. The post China Grapples With What to Do With Seized Crypto Stash appeared first on Cryptonews .
On April 16th, significant tensions within the U.S. administration regarding tariff strategies were highlighted by CBS News. Despite public assertions of unity among officials from the Trump administration about **U.S.
China is currently deliberating on managing and dealing with the billions of dollars in cryptocurrency confiscated due to illicit activities. Though trading in crypto is nationally banned in China, local governments have teamed up with private companies to sell these digital assets. The lack of standardized regulations has pushed local governments to make plans for the disposal of cryptocurrencies. According to transaction and court documents seen by Reuters, l ocal governments have been using private companies to sell seized digital coins in exchange for cash to replenish public coffers strained by a slowing economy. Such disposals are “a makeshift solution that, strictly speaking, is not fully in line with China’s current ban on crypto trading,” said Zhongnan University of Economics and Law professor Chen Shi. Local governments cash in on crypto seizures amid soaring crime The debate comes as crimes involving crypto are increasing in China. In 2023, cash linked to illicit crypto activities skyrocketed to nearly 431 billion yuan — or almost $59 billion. That is a 10-fold increase over the previous year. That same year, more than 3,000 people faced prosecution for money laundering connected to cryptocurrencies. These cases are overwhelming China’s court system and putting pressure on the police. More crypto crime, of course, has meant more money for local governments. Revenue from penalties and asset seizures hit 378 billion yuan last year, a record and a 65% jump from five years prior. That sudden flow of crypto wealth is raising serious concerns. Some local governments are becoming worryingly reliant on these digital windfalls to cover their expenses. It’s a risky trend that could distort budget priorities and create unhealthy financial dependencies. One firm, Jiafenxiang, has reportedly sold 3 billion yuan worth of digital assets since 2018 in cities in Jiangsu province. Liu Honglin, a lawyer who advises local governments on crypto-related issues, notes that digital coins — easily transferable and anonymous across borders — are increasingly popular tools for criminals. Experts advocate for centralized management of seized crypto assets in China Lawyers like Guo Zhihao argue that China’s central bank should oversee all confiscated digital assets. And instead of just dumping the coins on the market, the government could stockpile them in a national reserve. This thought is also reflected in the more current strategy by President Donald Trump, who has positioned himself behind the construction of a United States strategic Bitcoin reserve . But mainland China could learn from Hong Kong’s more open and regulated crypto framework, said HashKey co-CEO Ru Haiyang — Hong Kong’s largest licensed crypto exchange. He even suggests a “sovereign crypto fund” hosted in Hong Kong. Winston Ma, ex-managing director at China Investment Corporation, seconded this. He argues that centralized management would ensure China derives maximum value from seized crypto and prevent abuse and inefficiency. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Ethereum co-founder Vitalik Buterin believes that privacy should be a top priority for developers, warning that assumptions about transparency and good intentions in global politics are overly optimistic. In an April 14 blog post, Buterin argued that privacy is essential to maintain individual freedom and protect against the growing power of governments and corporations. He criticized the idea that increased transparency is inherently beneficial, saying it relies on assumptions about human nature that are no longer valid. These assumptions include believing that global political leadership is “generally well-intentioned and sane,” and that social culture continues to progress in a positive direction.” Both are proving to be increasingly untrue, Buterin argued. Buterin claimed there was “no single major country for which the first assumption is broadly agreed to be true.” Furthermore, he wrote that cultural tolerance is “rapidly regressing,” which is reportedly demonstrable by an X post search for “bullying is good.” Buterin’s personal privacy issues Buterin said that he found his lack of privacy unsettling at times. He added: “Every single action I take outside has some nonzero chance of unexpectedly becoming a public media story.” Covertly taken photos of Vitalik Buterin. Source: Vitalik.eth While this may appear as a suggestion that privacy is an advantage only for those who venture outside the social norms, he highlighted that “you never know when you will become one of them.” Buterin only expects the need for privacy to increase as technology develops further, with brain-computer interfaces potentially allowing automated systems to peer directly into our brains. Another issue is automated price gouging, with companies charging individuals as much as they expect them to be able to pay. Related: Messaging apps are spying on you — Here’s how to stay safe in 2025 There is no privacy with government backdoors Buterin also argued strongly against the idea of adding government backdoors to systems designed to protect privacy. He said such positions are common but inherently unstable. He highlighted how, in the case of Know Your Customer data, “it’s not just the government, it’s also all kinds of corporate entities, of varying levels of quality” that can access private data. Instead, the information is handled and held by payment processors, banks, and other intermediaries. Similarly, telecommunication companies can locate their users and have been found to illegally sell this data. Buterin also raised concerns that individuals with access will always be incentivized to abuse it, and data banks can always be hacked. Lastly, a trustworthy government can change and become untrustworthy in the future, inheriting all the sensitive data. He concluded: “From the perspective of an individual, if data is taken from them, they have no way to tell if and how it will be abused in the future. By far the safest approach to handling large-scale data is to centrally collect as little of it as possible in the first place.“ Related: Privacy will unlock blockchain’s business potential Authorities have more data than ever Buterin raised the issue of governments being able to access anything with a warrant “because that‘s the way that things have always worked.” He noted that this point of view fails to consider that historically, the amount of data available for obtaining through a warrant was far lower. He said the traditionally available data would still be available even “if the strongest proposed forms of internet privacy were universally adopted.” He wrote that “in the 19ᵗʰ century, the average conversation happened once, via voice, and was never recorded by anyone.” Buterin’s proposed solutions Buterin suggested solutions based mainly on zero-knowledge proofs (ZK-proofs) because they allow for “fine-grained control of who can see what information.” ZK-proofs are cryptographic protocols that allow one party to prove a statement is true without revealing any additional information. One such system is a ZK-proof-based proof of personhood that proves you are unique without revealing who you are. These systems rely on documents like passports or biometric data paired with decentralized systems. Another solution suggested is the recently launched privacy pools , which allow for regulatory-compliant Ether ( ETH ) anonymization. Buterin also cited on-device anti-fraud scanning, checking incoming messages and identifying potential misinformation and scams. These systems are proof of provenance services for physical items using a combination of blockchain and ZK-proof technology. They track various properties of an item throughout its manufacturing cycle, ensuring the user of its authenticity. The post follows Buterin’s recent privacy roadmap for Ethereum . In it, he highlighted the short-term changes to the base protocol and ecosystem needed to ensure better user privacy. Magazine: Cypherpunk AI: Guide to uncensored, unbiased, anonymous AI in 2025
On April 16th, COINOTAG News reported insights from respected financial analyst Jim Bianco, emphasizing that the Federal Reserve has not intensified its push for banks to bolster their government bond