Ada cryptocurrency news
Hoskinson has denied any claims from Alexander. In his view, the investors legitimately redeemed 99.8% of the ADA vouchers received from the first token sale. As a result, he announced on a post on X that an independent audit report would soon be made public to show the details regarding the redemption history and crowdsale process in complete transparency, which could go a long way in rebuilding confidence and repairing his reputation real money roulette.
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Cardano (ADA) is starting to regain the spotlight as market sentiment turns increasingly bullish. Investors are looking at the possibility of ADA revisiting its all-time high of $3.10, a level last seen in September 2021. With ADA currently trading at approximately $0.728, the cryptocurrency remains about 71% below its all-time high of $3.10 reached in September 2021.
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When top-ranked memes attract a burst of new inflows and cross key resistances simultaneously, it often signals the start of a fresh bull cycle. If this narrative holds, the rally could trickle down towards mid-cap altcoins and low-cap memecoins as markets digest the favorable US CPI print, in the coming days.
Cryptocurrencies are digital or virtual currencies that use cryptographic methods to secure transactions and control the creation of new units. Unlike traditional fiat currencies, which are issued and regulated by central authorities such as governments or central banks, cryptocurrencies operate on decentralized networks. These networks often employ blockchain technology, a public ledger system that records all transactions transparently and immutably.
Cardano price hovers around its key support at $0.72 on Tuesday; a close below could trigger a correction. On-chain metrics support a bearish thesis as ADA daily active addresses and DEX trading volume are falling.
Altcoins extended their winning streak on Tuesday as macro tailwinds and technical breakouts converged across the crypto market. The global cryptocurrency market cap climbed 2.2% in the last 24 hours to $3.53 trillion, lifted by positive sentiment following the U.S. April CPI data, which printed at 2.3%, its lowest since February 2021.
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Initially enjoying bipartisan support, the GENIUS Act has encountered resistance from Senate Democrats following revelations about former President Donald Trump’s involvement in digital asset ventures.
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin’s swift rally past $107,000, followed by a sharp correction, is a textbook example of heightened volatility in an overheated market. The sudden rejection highlights how sentiment-driven surges can quickly unravel when profit-taking and resistance levels converge. Altcoins, which typically mirror and exaggerate BTC’s trajectory, have borne the brunt of this pullback, with major tokens like SOL, AVAX, and SHIB posting substantial losses. As market dominance shifts back in Bitcoin’s favor, we’re seeing capital consolidate into safer digital assets.”
Cryptocurrency news
Another expected headline in the top crypto news this week is Jupiter Exchange’s product announcements. In a post last week, the Solana-based DEX teased a major product announcement by a Jupiter executive.
The crypto market held steady this week with a total market cap of $2.7 trillion, while daily trading volume dropped 21.43% to $43.09 billion. Bitcoin price today is $85,300, Ethereum trades at $1,604, and XRP sits at $2.08.
“Many senators, myself included, have very real concerns about the Trump family’s use of crypto technologies to evade oversight, hide shady financial dealings, and personally profit at the expense of everyday Americans. We have a duty to shine a light on these abuses and stop Donald Trump from exploiting emerging technologies to enrich himself, dodge accountability, and weaken the safeguards that protect American consumers and the rule of law,” noted Warner.
South Korea Blocks 14 Crypto Apps Including KuCoin & MEXCA regulatory crackdown led to app store bans of 14 unregistered crypto services. South Korea’s authorities plan to make crypto enforcement permanent.
Recently, Mantle Network integrated with EigenDA, reducing transaction fees significantly while improving transaction speed. As Mantle builds, it also integrates Stargate, enabling seamless, bridgeless transfers.