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 Cardano’s ADA tests critical $0.21–$0.24 support as most altcoins bounce. Elliott Wave analysis warns of a 9-cent target if bulls fail to defend this zone. Most altcoins have started bouncing. Cardano has not done anything for months. More Crypto Online, on X, put it plainly: “$ADA is testing 2023 lows while most altcoins have already started a bounce.” The post, shared April 26, flagged support at $0.21 to $0.24 as the level being tested “repeatedly without an impulsive reaction.” No strong green weekly candle. No buyers stepping in with conviction. Price was sitting near $0.2497 at the time of posting.…

The Green Beret arrested for betting on a classified U.S. raid looked like a one-off scandal for prediction markets. A new study suggests he may be a more troubling data point: an extreme example of the small group of informed traders who, as the soldier is accused of doing, actually move prices on Polymarket, while the crowd loses money around them.The study, part of a working paper released this week by Roberto Gómez-Cram, Yunhan Guo, Theis Ingerslev Jensen and Howard Kung of London Business School and Yale, directly tests the industry’s core claim that the markets work owing to the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The price of Bitcoin has been enjoying significant bullish momentum over the past few weeks, with last week delivering the largest gains in over three months. According to different pundits, the flagship cryptocurrency’s latest rally above $79,000 was primarily driven by demand in the perpetual futures market rather than the spot market. Recent on-chain evaluation shows that the buying pressure on the Bitcoin derivatives side has yet to simmer down over the past few days. BTC Net Taker Volume Surges To Around $145 Million In an April…

ChartNerdTA flags XRP’s recurring monthly Gaussian channel behavior near $1.42. A 40% relief rally toward $2 is possible, but history warns what comes after. XRP is parked just above the blue regression band on the monthly Gaussian channel. It has been sitting there for weeks. That band has a history with this token. According to ChartNerdTA on X, the pattern is not new. Every major cycle peak XRP has printed has eventually pulled the token back to the monthly Gaussian blue band. From there, either a relief rally or a deeper correction followed. He posted the observation publicly, putting it…

The crypto market structure bill has not made much public movement in a month. While making a prognosis on the bill is difficult, it’s not hard to see that the clock for passage is running out.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeWe won’t get the crypto market structure bill this month. That’s not the end of the process, but we’re approaching a timeline that’ll surely increase the amount of gray in people’s hair.Why it mattersMuch of what’s happened around market structure issues…

Charles Hoskinson calls out Iagon for spite votes and ambassador shaming inside Cardano’s governance battle, as one community voice considers stepping away. The vote was the easy part. What came after it is what tore things open. Cardano founder Charles Hoskinson took to X this week, targeting Iagon directly over what he described as politically charged voting against IOG proposals. The trigger, per Hoskinson, was a dispute over Filecoin on Blockfrost. The votes that followed were not procedural. They were payback. “Iagon voted no on IOG proposals out of spite and anger,” Hoskinson wrote on X, posting as @IOHK_Charles. He…

The easiest take after a $290 million exploit and a roughly $13 billion slide in DeFi total value locked is that decentralized finance is broken again. It is also probably the laziest.The KelpDAO exploit over the weekend was serious. It appears to have started with a targeted attack on infrastructure used in LayerZero’s verification stack, not a smart contract bug as commonly seen in other exploits. LayerZero has preliminarily linked the incident to North Korea’s Lazarus Group, and said the attack succeeded because Kelp had opted for a single-verifier setup despite repeated recommendations to use a more resistant configuration. The…

XLM holds higher lows after breakout, signaling continued bullish structure Bull flag pattern points to $0.681 target with $1.29 in extended range Visa uses Stellar rails for USDC settlement, improving payment efficiency Stellar’s native token, Stellar (XLM), is showing renewed strength as technical signals and real-world adoption converge. Market analysts point to a sustained bullish structure, while payment infrastructure developments add momentum to its long-term outlook. Recent data shows XLM maintaining higher lows after a confirmed breakout phase. This pattern suggests ongoing buyer support despite short-term consolidation. The asset continues to trade above key support levels, indicating resilience in current…

Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debt left behind by the year’s largest decentralized finance (DeFi) exploit, Arkham posted on X on Saturday.”AAVE have so far raised $160M to cover the bad debt from the Kelp DAO Exploit, at defiunited.eth,” the blockchain analytics platform wrote. “The largest contributors are Mantle and AAVE DAO, who together raised 55,000 ETH or $127M.”Last week, Aave and several major crypto firms announced a coordinated recovery effort to stabilize DeFi markets after a $292 million security breach left the crypto borrowing sector’s largest lender…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The odds of a landmark US crypto bill passing this year stand at 50-50, according to one of the industry’s own analysts — even as his CEO boss says the deal is all but done. A Bill With Big Promises Galaxy Digital CEO Mike Novogratz says the CLARITY Act — legislation designed to bring regulatory order to the US crypto market — will clear Congress in May and land on US President Donald Trump’s desk in June. Novogratz made the prediction during a podcast appearance with SkyBridge…