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In a powerful statement, Charles Hoskinson, co-founder of the Cardano blockchain, declared that the “war on digital assets” in the U.S. has officially ended. Hoskinson's remarks come after years of intense regulatory scrutiny on the crypto industry, with government agencies like the SEC launching numerous lawsuits and investigations against major cryptocurrency firms.
ADA, the native token of the Cardano blockchain, appears to be continuing its ongoing consolidation. Over the past week, ADA has been trading within a tight range between $0.69 and $0.75. However, the prevailing market uncertainty has left investors and traders uncertain about building positions, as they await clearer market direction in the coming days.
Cardano Foundation CEO Frederik Gregaard has confirmed that the blockchain platform is actively collaborating with NASA on data provenance, track and trace solutions, and satellite data applications. Cardano X NASA Collaboration Details Gregaard detailed the scope of the partnership, stating that NASA is utilizing Cardano's blockchain capabilities for data integrity and provenance tracking.
Brazil-based asset manager Hashdex is expanding its cryptocurrency index ETF, adding altcoins like XRP and Cardano (ADA). The firm recently filed an amendment with the U.S. Securities and Exchange Commission (SEC) to adjust its portfolio, which currently holds Bitcoin (88.3%) and Ethereum (11.7%).
Cardano (ADA) is down nearly 8% over the past 30 days but has gained almost 3% in the last 24 hours as short-term momentum picks up.
The price of Cardano (ADA) has fallen below the moving average lines in a sideways trend.
The submission comes three months after Hashdex's fund, which currently focuses on Bitcoin and Ethereum, first received SEC approval.
Hashdex, a Brazil-based asset manager specializing in digital assets, has filed an amendment with the U.S. Securities and Exchange Commission in order to expand its cryptocurrency index ETF with a slew of additional altcoins, including XRP and Cardano (ADA).
ADA whales have returned to the scene, and their latest actions suggest that a price pullback is not out of the question.
Hashdex's ETF expansion could enhance crypto market accessibility and diversification, potentially attracting more institutional investors. The post Hashdex files with SEC to add XRP, ADA, SOL, and other coins to its Crypto Index ETF appeared first on Crypto Briefing.
Bitcoin (BTC) has largely stayed above $80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to propel the price above $86,000 shows that the bears have not given up and continue to sell on rallies.CoinShares' weekly report shows that cryptocurrency exchange-traded products (ETPs) witnessed $1.7 billion in outflows last week.
After soaring to a multi-year high in December, Cardano price has pulled back by 46%, leading to a $18 billion wipeout. This decline has largely mirrored the performance of other altcoins.
A crypto trader has backed Cardano's (ADA) bullish price uptick, which broke multiple resistance levels. The crypto market has faced an extended period of sideways trading with increasing volatility after Bitcoin's price dropped below $100K.
Sui Network (SUI) has seen a remarkable growth, featuring as one of the best blockchain performers in the cryptocurrency market. Deemed the next Solana (SOL) or the Solana-killer, Sui now has a higher stablecoin market cap than five of its competitors combined, including Cardano (ADA), once called the Ethereum (ETH)-killer.
Recent weeks have seen Dogecoin struggle due to increasing selling pressure and technical issues that could endanger its place on the cryptocurrency market. In the meantime, Cardano (ADA) is getting closer to overtaking DOGE in terms of market capitalization, suggesting that the rankings may change.
Recent data shows that Cardano whales have sold over 100 million ADA in the past week.
According to a recent SEC clarification, Bitcoin is indeed being positioned as a strategic digital reserve asset. However, the role of other cryptocurrencies like XRP, Solana, and Cardano is equally critical in shaping the nation's digital economy.
The exchange announced it has filed with the Commodity Futures Trading Commission (CFTC) to self-certify these new products. This move is expected to shake up both the energy and crypto derivatives markets.
Cardano faces technical and on-chain bearish signals with a potential drop to $0.464, though the $0.65-$0.68 support zone may present a buying opportunity.
Traders say the current sell-off could have been caused by an unwinding of ETF and spot linked traders.
Cardano confirms a bear pennant breakdown, signaling a potential 35% drop to $0.464. On-chain data shows whales offloading ADA, while weak DeFi adoption and macroeconomic pressures fuel bearish sentiment.
The US government is inching closer to setting up a crypto strategic reserve after President Trump's executive order earlier this month, which could bode well for XRP rivals. Last week, Congressman Byron Donalds tabled the “Reserve & Stockpile Act” that will turn Trump's plan to buy XRP, Bitcoin, Ethereum, ADA, and Solana into law.
Despite the bearishness across the market, the risk-to-reward of buying Cardano around $0.68 made buying a feasible idea.
ADA is struggling with stagnant user engagement, a cooling derivatives market, and declining relevance in the evolving Layer 1 space.
