Coindesk

Recent Price Action Shows Signs of RecoveryIn the last 100 minutes of trading, DOGE has demonstrated a notable recovery pattern, climbing from a local bottom of $0.156 to stabilize around $0.158. The price action shows an apparent V-shaped recovery with significant volume spikes (16-21 million) during the bottoming process around 14:50-14:52, indicating strong buyer interest at support levels. The $0.158-$0.159 zone has emerged as immediate potential resistance, with multiple tests showing decreasing selling pressure. This recovery aligns with the 38.2% Fibonacci retracement level from the recent decline, suggesting potential continuation toward the 50% retracement at $0.160 if current momentum persists.Dogecoin Technical IndicatorsPrice Range: DOGE traded between $0.179–$0.156, representing a 12.7% swing.Volatility: 48-hour annualized volatility reached 86.3%, significantly above market norms.Support/Resistance:...

USDC at Center of Major Financial DevelopmentsGlobal economic tensions and shifting trade policies are creating subtle ripples in the stablecoin market, with USDC experiencing minor volatility while maintaining its dollar peg. The stablecoin recently navigated a brief dip below parity before quickly recovering, demonstrating resilience amid broader market uncertainty as investors seek safe havens during geopolitical instability. Circle's IPO filing has revealed unprecedented insights into the stablecoin ecosystem, including the surprising arrangement where Coinbase receives half of USDC reserve revenue. With major banks JPMorgan and Citibank backing Circle's public offering targeting a $4-5 billion valuation, the move signals growing institutional confidence in regulated stablecoins despite ongoing trade disputes affecting traditional markets. As geopolitical tensions escalate, exchanges like Binance are reporting...

Web2 marketers have long had tricks to track down and "acquire" (in ad speak) likely customers. But Web3? Not so much, says ad-tech exec Asaf Nadler.His company Addressable, is out with a new service that Nadler, the chief operating officer, claims will improve the efficacy of Web3 marketing — from the perspective of salespeople, of course. It's all about "retargeting" the most valuable potential customers: people who very nearly pressed buy, trade, sell, swap, join, but didn't.Finding those folks in Web2 is straightforward given the troves of personal data scattered online. Crypto's trickier because wallets are pseudonymous. The company's database "bridges the gap," he said, and lets companies target their most likely customers.Such precision could be especially important if crypto's...

The U.S. Senate Banking Committee has voted to advance the confirmations of President Donald Trump's picks to run the Securities and Exchange Commission and the Office of the Comptroller of the Currency — both key positions for the future U.S. regulation of the crypto sector.The nominations of Paul Atkins to permanently take over the SEC from former Chair Gary Gensler and of Jonathan Gould to lead the banking regulator OCC now move to consideration by the overall Senate. Approvals there will allow Atkins and Gould to start work at the regulatory agencies.Atkins and Gould both advanced under party-line votes in the committee on Thursday — each going 13-11.Committee Chairman Tim Scott, a South Carolina Republican, praised the nominees before the...

Ethereum developers set May 7 as the target date for the long-awaited Pectra upgrade on Thursday, beginning the countdown for the blockchain's biggest changes since March 2024.Pectra contains a series of improvements aimed at making Ethereum more user-friendly and efficient. One such improvement is adding "smart contract" capabilities to wallets, which can make them easier to use and recover.The decision to schedule Pectra was made during a call between Ethereum's core developers — just over a week after the upgrade went live on the Hoodi testnet without any hiccups. Pectra's test on Hoodi was the third and final dry-run of the upgrade. Two earlier tests had bugs, which led the developers to delay the upgrade on Ethereum’s mainnet.Pectra consists of...