Cardano is consolidating within a critical price range, with the recent action suggesting buyers’ determination to overcome the $1.3 resistance threshold. However, the movements at this juncture are pivotal in shaping ADA’s next market trend. Technical Analysis By Shayan The Daily Chart Cardano recently witnessed significant buying interest near the $0.87 support level, sparking a sharp price increase. This bullish momentum has driven the asset toward the $1.3 resistance region, a key level due to its alignment with the descending wedge’s upper boundary. The $1.3 resistance presents a formidable challenge as it combines psychological significance with technical importance. Breaking above this level could signal the beginning of a mid-term uptrend, potentially targeting the $2 resistance zone. However, failure to break out could lead to prolonged consolidation or even a bearish reversal. The 4-Hour Chart On the 4-hour timeframe, ADA recently broke out of a descending wedge pattern, initiating a surge from the wedge’s broken trendline at $0.87. The price has since approached the $1.3 resistance, which aligns with a previous major pivot point, further solidifying its significance. Currently, Cardano is consolidating at nearly $1.3, with signs of seller pressure emerging. A bearish divergence between the price and the RSI indicator suggests growing selling momentum. To determine the next major move, ADA needs a decisive breakout above this consolidation range. A bullish breakout could trigger a sustained rally, targeting higher levels like $2, while a rejection at $1.3 might result in further declines, with potential support near $0.87. The post Cardano Price Analysis: ADA Must Clear This Major Resistance to Eye $2 appeared first on CryptoPotato .
Vitalik Buterin, ETH co-founder, has responded to calls for leadership change in the Ethereum Foundation (EF). In a post on X, Buterin gave insights into what the foundation has done, ongoing reforms, and what the community should expect moving forward. Ethereum Foundation and Primary Leadership Focus According to Buterin, the leadership of EF, a Switzerland-based nonprofit organization, is undergoing critical changes. He highlighted five notable goals the organization is focused on regarding this leadership change. Buterin primarily emphasized the need to enhance the technical capabilities of EF leadership. The team will comprise people who are guiding Ethereum’s development and have a strong knowledge of its complexities. We are indeed currently in the process of large changes to EF leadership structure, which has been ongoing for close to a year. Some of this has already been executed on and made public, and some is still in progress. What we’re trying to achieve is primarily the following… — vitalik.eth (@VitalikButerin) January 18, 2025 The Ethereum co-founder also stressed the need to strengthen relationships within the ecosystem. He hopes to achieve this through improved communication between developers, users, and other stakeholders. In addition, fresh talents will be injected to boost the foundation’s ability to execute plans “swiftly and effectively.” Other primary focus for the next EF leadership include active support for application developers. This change hopes to uphold key ecosystem values, including privacy, open-source development, and resistance to censorship. Furthermore, the EF intends to increase the use of decentralized technologies and the Ethereum blockchain for payments. The change will also support its treasury management as it seeks to reinforce its commitment to decentralization. Vitalik Buterin on Commitment to Neutrality However, Buterin has rejected suggestions that the Ethereum Foundation engage in aggressive lobbying functions. He maintained that the EF would not lobby regulators or political figures in powerful countries like the U.S. Buterin said such a move could compromise Ethereum’s long-standing neutrality and policy of avoiding political entanglements. In a bold statement emphasizing his stance, Buterin maintained that the Ethereum Foundation would not engage in such a thing. He called on people clamoring for such change to go ahead and establish their organization and chase such visions. Buterin opposes centralization and deviation from Ethereum’s core principles. Through the post, he has reassured the broader Ethereum community of his commitment to staying true to these foundational values. The Upcoming Pectra Upgrade Meanwhile, developers plan to implement the Pectra upgrade on the mainnet by March this year. The upgrade is one of the largest since Ethereum migrated to Proof of Stake. The upgrade aims to make the Ethereum blockchain more scalable and secure for users. Investors on Ethereum anticipate that these developments could at least result in a price surge for the asset. Some stakeholders look forward to Ethereum registering a new all-time high for its price. At the time of writing, the coin was changing hands for $3,274.09, down 4.42% in 24 hours. The post Vitalik Buterin Unveils Ethereum Foundation Goals Amid Leadership Changes appeared first on CoinGape .
Police have seized £28 million (US$34 million) in assets from an international Bitcoin fraud gang that exploited a glitch in an Australian cryptocurrency trading website. As per the report by the Lancashire Telegraph , the investigation centered around James Parker from Blackpool, who identified the vulnerability in 2017. Over three months, Parker and his associates stole more than £20 million in credits through the security flaw. The scheme’s proceeds were laundered with help from Stephen Boys of Clayton-le-Moors, who earned the nickname “Rodney” from “Only Fools and Horses.” The investigation revealed extravagant spending, including £5,000 gift cards distributed on streets and cars purchased for random pub acquaintances. Boys admitted to carrying £1 million in cash to buy a villa from Russians and paying £60,000 to corrupt officials to continue money laundering operations. You might also like: NFT sales enjoy modest bump to $164.3m, Azuki dethrones Pudgy Penguins with 268% surge Police recovered 445 Bitcoin ( BTC ) worth £22 million at the time, along with luxury watches, houses, cars, and designer goods, including a £600 wine cooler. More than £1 million was found in various bank accounts. The assets seized from individual members included: £11.5 million from Boys £8 million from Parker’s estate £8 million from Kelly Caton £4 million from Jordan Robinson £1,100 from James Austin-Beddoes Parker died in 2021 before prosecution, but his co-conspirators received sentences in January 2023. Boys, 61, was jailed for six years for money laundering. Robinson, 26, received multiple sentences totaling eight and a half years, while Caton, 47, received similar terms. Austin Beddoes, 30, received a suspended sentence. The victim has been fully compensated for the £24.5 million loss. Due to Bitcoin’s value increase, the seized assets exceeded the original fraud by £3 million. This surplus will be divided between the Home Office, courts, and Lancashire Police. DS Dave Wainwright from the economic crime unit noted that defendants have three months to comply with court orders or risk an additional 14 years imprisonment. The investigation involved international cooperation with law enforcement in Australia and Finland. Read more: Jamie Dimon says Bitcoin is ‘fraud’, blockchain is the solution, but data shows cash fuels crime
Ethereum is grappling with a decisive support range between the 100-day MA ($3.2K) and the 200-day MA ($3K), a critical region serving as the buyers’ last line of defense. The outcome at this level is expected to shape Ethereum’s mid-term trajectory. Technical Analysis By Shayan The Daily Chart ETH recently encountered heightened volatility as it approached the significant $3.2K-$3K price range, reflecting an intense battle between buyers and sellers. The price action highlights sellers’ attempts to push the asset below these key moving averages, signaling a potential bearish breakdown. Currently, Ethereum is finding temporary support within this range, with the price confined between the $3.2K level and the bullish flag’s upper boundary. A decisive breakout in either direction is likely to determine the next major trend for Ethereum. The 4-Hour Chart On the 4-hour chart, Ethereum consolidated near the 0.5 ($3.2K) and 0.618 ($3K) Fibonacci retracement levels before briefly breaking below this critical support zone. However, strong buying interest quickly drove the asset back above the $3.2K mark. This region remains pivotal as it represents the final primary support zone for buyers. A sustained hold above the $3.2K level could reignite bullish momentum, targeting a recovery toward higher resistance lines. Conversely, a breakdown below this range could trigger liquidations, potentially driving the price toward the $2.5K support zone. For now, Ethereum is consolidating near this critical region, with a battle between buyers and sellers dictating the market’s next move. Onchain Analysis By Shayan The Binance liquidation heatmap provides insights into key levels where significant liquidation events are likely. Based on the clustering of liquidation levels for long and short positions, these levels often act as magnets, driving price action toward them as market participants aim to capture liquidity. During the recent shake-off, Ethereum grabbed liquidity at the $3K mark, resulting in a sharp price recovery. A notable cluster of wrecked levels still exists just below the critical $3K support, representing long-position liquidations. This makes the $3K area highly attractive to bears and institutional sellers, increasing the probability of a bearish breakout toward these levels in the mid-term. However, a significant liquidity pool also rests at the $4K threshold, marking a potential ultimate target for buyers. However, it is likely that the price may grab liquidity below $3K first, creating a shakeout phase before resuming a bullish trajectory toward $4K. While Ethereum’s current price action reflects consolidation, the $3K level remains pivotal. A bearish breakout to capture liquidity below $3K is plausible in the short-to-mid term. The post Ethereum Price Analysis: This Support Is Crucial for Ethereum to Reach $4K appeared first on CryptoPotato .
With the current odds at 65%, the likelihood of a Strategic Bitcoin Reserve being created in the United States has greatly soared. The impetus behind this development is the strong advocacy of President-elect Donald Trump for cryptocurrencies and the planned Bitcoin Act. Related Reading: Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days Proponents claim that this initiative might completely change the way the US views Bitcoin, therefore matching it with national security goals. The development of a crypto policy might depend critically in the coming months. Anthony Pompliano, the CEO of Professional Capital Management, presented this development to the public. On Kalshi, an online prediction tool, the American investor saw that the chances of a Strategic Bitcoin Reserve opening in the United States this year jumped to about 65%. Trump Vision For Crypto Becoming Popular One of the main elements driving the rising probability is Trump’s crypto-friendly stance. The core of the Bitcoin Act is the formation of a reserve of 1 million crypto units over a five-year period. Advocates of this initiative assert that its objective is to enhance innovation and economic resilience. Trump’s willingness to embrace blockchain technology has reignited optimism among crypto enthusiasts, who perceive his presidency as an opportunity to integrate digital assets into federal strategies. The odds that a strategic bitcoin reserve will be created this year is now at 65% on Kalshi. That is a 50% increase in the odds over the last few weeks. pic.twitter.com/5UhqyugnYP — Anthony Pompliano 🌪 (@APompliano) January 17, 2025 Lobbying Intensifies For Executive Action Cryptocurrency stakeholders are not anticipating the legislative process to unravel. There has been a significant increase in lobbying efforts to persuade the incoming administration to promptly issue an executive order. Proponents maintain that this kind of reserve would not only enhance economic stability but also act as a statement of global leadership in the realm of digital money. They suggest that a presidential order might minimize bureaucratic delays, therefore accelerating the process of defining the United States’ stance in the crypto ecosystem. Strategic And Financial Motives Strategic as well as financial considerations drive the need for an SBR. Those who support Bitcoin stress its ability to operate as a defense against traditional financial instability. Moreover, the United States runs the risk of lagging behind other countries currently including cryptocurrencies into their national policies. They argue that the creation of a Bitcoin reserve serves not just to stay up with international rivals but also to safeguard the future. Related Reading: Dogecoin Open Interest Spikes To Nearly $5 Billion – Impact On Price A Critical Year For Crypto Policy As 2025 progresses, US policymakers face key decisions that could redefine the role of digital currencies. The success of the Bitcoin Act and similar proposals depends on embracing innovation. The chance of creating a US Strategic Bitcoin Reserve has never been higher. Whether achieved through new laws or executive action, this move could secure Bitcoin’s place in the economy and strengthen the nation’s future strategy. Featured image from Emerce, chart from TradingView
Over the past year, the fusion of artificial intelligence (AI) and cryptocurrencies has sparked a significant rise in the prominence of AI-centric digital assets. Now, a fresh subset is emerging from obscurity—AI agent coins—a category of cryptocurrencies linked to initiatives employing autonomous AI agents for tasks within the blockchain realm. AI Agent Coins: The Emerging
Solana has recently achieved a new all-time high, climbing 16% to showcase a significant uptick in market performance. The surge has brought Solana’s valuation to impressive new levels, catching the attention of both individual and institutional investors. This article discusses key factors contributing to the significant Solana meme coin rally. Solana Price Achieves New ATH: What’s Driving the Price Explosion? According to recent Solana price action , the cryptocurrency has experienced a notable rise, marked by a 16% increase to a new all-time high of $268.5. This movement indicates a robust bullish trend in the Solana market, underpinned by several key developments within its ecosystem and wider market dynamics. The growth trajectory of Solana’s ecosystem, particularly the top meme coin sector, has played a pivotal role in its recent price appreciation. Among these, Official Trump, a meme coin introduced by President-elect Donald Trump, has soared to a market cap of $5.5 billion. This rally in meme coins within the Solana ecosystem contributed significantly to the broader appeal and investment inflow into SOL. Moreover, Solana’s technological infrastructure continues to attract a growing user base due to its high transaction speeds and low operational costs. In the last week alone Solana’s Decentralized Exchange (DEX) networks processed transactions worth $36.2 billion. This efficiency enhances user experience and strengthens investor confidence in Solana. Anticipation surrounding the potential approval of a Solana-based Exchange Traded Fund (ETF) also adds to the bullish sentiment. Polymarket polls suggest a 77% probability of ETF approval under the current regulatory framework. This move could usher in an influx of $3 billion to $6 billion from institutional investors. The prospect of enhanced liquidity and market depth is a catalyst for further price increases. SOL Strategic Market Position The strategic positioning of Solana in the cryptocurrency market as a fast and low-cost alternative to Ethereum continues to attract significant attention. With ongoing developments within its platform, Solana retains its current user base and expands its market reach. Furthermore, Solana’s active involvement in the NFT sector, with substantial monthly sales, underscores its diverse capabilities and appeal. The platform’s continued innovation and expansion across various crypto sectors likely will sustain its price momentum. What’s Next For SOL Price? Following the meme coin rally, analysts predicted Solana price could reach $300, citing a breakout from a descending wedge pattern, a bullish indicator. The analyst highlighted two key support bounces, signaling a reversal that pushed SOL above the $230 resistance level. Strong volume and price momentum confirmed the breakout, fueling optimism for further gains as bullish sentiments pushed Solana price to discovery levels. Source: X At press time, Solana is trading at $254.35, marking a 36.40% weekly gain and solidifying its bullish momentum. With a market cap of $123.76 billion and 24-hour trading volume soaring by 295.32% to $19.85 billion, SOL has captured significant investor interest. The post Here’s Why Solana Price Surged 16% To New ATH appeared first on CoinGape .
The post Trump Coin: Growth, Risks, and Investment Insight appeared first on Coinpedia Fintech News In the potential cryptocurrency bull run, the newly launched Official Trump (TRUMP) meme coin is gaining widespread attention from crypto enthusiasts due to its impressive price surge. Today, January 18, 2024, United States President-elect and pro-crypto Donald Trump made a post on X (formerly Twitter) and revealed his new meme coin, named Official Trump (TRUMP). My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC — Donald J. Trump (@realDonaldTrump) January 18, 2025 TRUMP Price Performance Since the post was published on X, it has gained widespread attention globally and attracted significant investors and traders, resulting in a TRUMP price surge from $4 to $35, which represents an increase of nearly 790% in less than 24 hours. Source: CoinMarketCap However, it seems that this new meme coin is consistently attracting new investors because it is linked to Donald Trump, who officially revealed the project to the crypto community. On the other hand, Trump is pro-crypto, and US citizens have elected him as the new president, with his presidential inauguration scheduled for January 20, 2025. Looking at these factors, it appears that TRUMP could be the next big thing in the realm of cryptocurrency. However, this is the positive side that everyone is currently aware of. Risk-Linked to TRUMP Despite the significant attention from traders, investors, and crypto whales, one concern raising alarm is the distribution of TRUMP’s holdings. According to data from Phantom Wallet, the top 10 holders currently own 86.47% of the total supply, meaning there is a possibility of pump-and-dump schemes, price manipulation, and other potential risks. Source: Phantom Currently, there are only 200 million TRUMP coins in circulation, while the max supply is 999.99 million. This means that 800 million TRUMP meme coins have yet to be circulated, which could create selling pressure and lead to further price decline. $500 Million of TRUMP Sell-Off? Besides this, a crypto expert named Conor recently made a post on X, noting that Trump has sold nearly $500 million worth of meme coins thus far. He further added that the Trump team controls 85% of the supply. From what I can see onchain, Trump has sold ~$500M of tokens thus far. The Trump team still controls 85% of supply pic.twitter.com/p4CcRFdrV0 — Conor (@jconorgrogan) January 18, 2025 These are the pros and cons of the TRUMP meme coin , so make sure to conduct thorough research before going long or investing for the long term.
Toncoin price remained under pressure as cryptocurrencies rebounded and as its on-chain data improved. Toncoin ( TON ) was trading at $5.35 on Saturday, down by more than 35% from its highest level last year. It has lagged behind other cryptocurrencies like Bitcoin ( BTC ) and Ripple ( XRP ) which have jumped to a record high this year. On-chain data shows that the TON Blockchain was doing relatively well. According to Ton Stat , the number of daily on-chain wallet activations rose to 185,395 on Friday, the highest increase since Dec. 13. This increase brought the total number of on-chain activated wallets to over 38.8 million. Further, the number of TON tokens burned each day has started rising. They rose to almost 12,000, the highest level since November last year. This burning happened even as the number of minted tokens dropped to 80,800, down from almost 90,000 earlier this year. More data shows that the amount of fees collected in the TON ecosystem has risen to 23,790 TON, the highest gain in almost a month. Therefore, Toncoin price is likely being pressured because of the ongoing performance of its top ecosystem tokens. Some of the most popular tokens like Hamster Kombat, Notcoin, and Catizen have all plunged by double digits. You might also like: Telegram’s Durov: User data may be shared with authorities Toncoin price analysis TON price chart | Source: crypto.news Crypto analysts are broadly bullish on the TON price. In a recent post, Darkfost, an analyst at CryptoQuant noted that its annualized realized volatility has dropped and moved below the 0.25 threshold. He believes that periods of low volatiity are followed by market reversals. Another analyst said that the Normalized Risk Metric was nearing a low-risk period. Like low volatility periods, he believes that these periods of low risks are often followed by big swings in price action. The daily chart shows that Toncoin price is forming a symmetrical triangle. Its upper side connects the highest swings since June 15, while the lower side links the lowest levels since September last year. This triangle started forming after it surged from below $1 to a high of $8.30, pointing to a potential bullish pennant pattern. Therefore, the coin will likely have a bullish breakout in the next few weeks or months. If it happens, the initial target will be its all-time high of $8.30, up by 55% from the current level. You might also like: Hamster Kombat to launch layer-2 chain as HMSTR nears key price
Ripple’s Stuart Alderoty comments on Gary Gensler’s exit, signaling hope for pro-crypto SEC leadership. SEC shake-up stirs optimism for XRP’s regulatory clarity and Ripple’s legal battles. Alderoty’s “Gary Who?” jab highlights Ripple’s focus on XRP’s future amid SEC leadership changes. Gary Gensler’s resignation as SEC Chair on January 20, 2025, marks a major turning point for the cryptocurrency market, especially XRP. Since his tenure began in April 2021, Gensler’s leadership focused on strict enforcement policies, leaving a significant impact on Ripple and its token, XRP. With Gensler stepping down, investors are wondering if this leadership change could spark a rally in XRP’s price or lead to further consolidation. The political backdrop, including Donald Trump’s presidency and the potential appointment of Paul Atkins as SEC Chair, adds to the anticipation. https://twitter.com/JoelKatz/status/1880488272725701050 Gensler’s SEC Tenure and Ripple’s Legal Struggles Gensler’s time at the SEC was defined by aggressive regulatory measures . During his tenure, the agency pursued over 2,700 cases, secured $2.7 billion in invest… The post Ripple Lawyer’s Jab at Gensler as SEC Leadership Changes appeared first on Coin Edition .