Crypto News

Cardano’s ADA token declined 6.01% to $0.6412 as the market reacted to both macro volatility and a heated governance debate over a proposed $100 million treasury allocation aimed at strengthening the DeFi ecosystem. On Wednesday, the TapTools team asked its followers on X what they think about the idea of deploying 140 million ADA (around $100 million) to provide liquidity for stablecoins like USDM and help power Cardano’s growing decentralized finance sector.Not everyone is on board. Influential account @cardano_whale argued that introducing 140 million ADA in sell pressure under current market conditions would be damaging. He acknowledged the potential long-term DeFi benefit but warned that governance proposals are typically front-run by traders, meaning any public plan to sell ADA at...

The software developer is set to go to trial next month over his operation of the popular coin mixer, despite recent moves by the Trump DOJ to back off such services.Source link

As enthusiasm for stablecoins keeps gaining traction among big corporations, sources say retail titan Walmart and e-commerce powerhouse Amazon are actively exploring the possibility of launching their own digital dollar-pegged tokens. Wall Street Journal Sources Say Amazon, Walmart May Step Into Stablecoin Market As of press time, the combined value of all circulating stablecoins hasSource link

The cryptocurrency ATOM has experienced significant volatility amid growing concerns about the situation in the middle east.Israel started a bombing campaign in Iran on Friday morning, spurring a market wide sell off.After falling 9.25% from $4.43 to a low of $4.02, ATOM found critical support around the $4.04 level before stabilizing near $4.08. While ATOM and other altcoins have faced pressure during this cycle, Bitcoin has positioned itself alongside gold as a potential safe haven, surging 54% over the past 12 months to reach a $2.08T market capitalization.Technical analysisSignificant selling pressure occurred between 19:00-00:00, with volume peaking at 2.8M during the 02:00 hour as price found support near $4.04.A recovery attempt emerged from the 03:00 hour, with price stabilizing around...

Fresh geopolitical tensions between Israel and Iran sparked sharp declines in crypto and global equities, sending oil prices higher and triggering $1 billion in crypto liquidations as markets brace for further instability. Oil Soars, Bitcoin Slips as Global Markets React to Middle East Conflict Global markets reeled overnight after Israel’s preemptive airstrike on Iran’s nuclearSource link