Singapore-based Bgin Blockchain Limited has filed with the U.S. Securities and Exchange Commission for an initial public offering (IPO) expected to raise up to $50 million. The company plans to offer approximately 59.54 million Class A ordinary shares and 15.69 million Class B ordinary shares, seeking to list its Class A shares on Nasdaq under […]
Key Takeaways: Berachain’s total value locked (TVL) has surged significantly, and it is now ranked 6th in the DeFi ecosystem. It boasts a novel Proof-of-Liquidity consensus that is attracting huge investment. This milestone signals a shift in the DeFi market, posing serious competition to existing players. Layer-1 blockchain Berachain is in the midst of an impressive rally pushing…
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Crypto ETPs saw $508 million in outflows last week, with Bitcoin ETFs losing $571 million. XRP funds recorded $38 million in inflows as investor sentiment remained cautious.
Bullionstar, a premier gold dealer based in Singapore, warned about the high demand for large gold ingots and reported tightness in the supply. The firm stated that this behavior is not normal. Gold Demand Rises, ‘Tightness’ in Large Gold Bars’ Market The demand for gold has kept growing in world markets, and now even institutional […]
Cardano (ADA), once hailed as a top contender in the blockchain space, is now facing a challenging phase as its price charts take a sharp turn for the worse. Over the past few weeks, ADA has struggled to maintain its footing, with technical indicators increasingly pointing to the possibility of further downside With market sentiment tilting toward caution, traders and investors are closely monitoring ADA’s next moves. Will the current bearish setup trigger a sharper decline, or can ADA stabilize and mount a comeback? A Breakdown Of Recent Market Movements Recent market movements for ADA have painted a concerning picture, highlighting a distinct lack of strong bullish momentum. Despite occasional attempts to recover, the altcoin has consistently failed to reclaim crucial resistance zones, leaving the asset vulnerable to more downside. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move ADA is showing signs of increasing bearish momentum as the assets have made a negative crossover below the 100-day Simple Moving Average (SMA) a key indicator that often dictates market trends. Sustained trading beneath this level reflects diminishing bullish strength and increases the likelihood of a downtrend. Adding to the concerns, the Relative Strength Index (RSI) is trending downward below the 50% threshold, indicating a decline in buying pressure and a shift toward a bearish trajectory. This weakening demand suggests that sellers are gradually gaining control, making it harder for ADA to stage a recovery. If the RSI continues to decline toward oversold territory, it could reinforce the pessimistic outlook, increasing the risk of a deeper price correction. ADA’s negative trend is likely to persist should ADA fail to break above the 100-day SMA and the RSI remains below the 50% threshold coupled with rising selling pressure. Typically, this scenario could lead to an extended decrease, pushing the price toward major support levels. Key Levels To Watch: Where Can ADA Find Support? As ADA struggles to gain upside momentum, identifying key support levels becomes crucial in assessing potential downside risks and rebound opportunities. With the price trading below the 100-day SMA and bearish sentiment prevailing, market participants are closely watching how the asset reacts to critical price zones. Related Reading: Cardano (ADA) at a Crossroads: Could Bears Take Control Again? The first key support to watch lies around $0.6822. If selling pressure persists, retesting this area is probable, where bulls may attempt to defend the price and prevent further declines. A bounce from this level could indicate a short-term recovery. However, failure to hold the $0.6822 support puts the next major zone to watch at $0.5229, a historically significant level that has served as a key turning point in previous market movements. Losing this support might accelerate the bearish momentum, leading to a deeper correction. Featured image from iStock, chart from Tradingview.com
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HK Asia Holdings Limited has announced a further investment in bitcoin, purchasing approximately 7.88 BTC for around $761,000 on February 20, 2025. This decision follows a previous investment disclosed on February 16, 2025, and brings the company’s total Bitcoin holdings to approximately 8.88 BTC, with an average cost of about $97,000 per unit. The number […]
A rogue developer who allegedly retained admin rights after project delivery is the prime suspect in the theft of $50 million in USDC from the crypto payments firm.
I believe the Bybit hack has demonstrated the ability of the company to deal with losses in case of an emergency and remain afloat. It's very relieving that no one's coins were lost despite the hack. Blockchain technology is growing and so are the challenges, if a company can ride through the tough times I…
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