Cardano (ADA)

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Whales and Retail Back Cardano (ADA) Price Rebound Despite Bearish Signals
Yahoo Finance· 2025-10-11 19:38
Core Viewpoint - Cardano (ADA) has experienced a significant decline, dropping nearly 20% in the past 24 hours and 26.2% over the last 30 days, but is attempting a recovery with support from both whales and retail traders [1][2]. Group 1: Whale Activity - Cardano whales have increased their holdings from 13.06 billion ADA to 13.20 billion ADA, a gain of 0.14 billion ADA valued at approximately $89.6 million at the current price of $0.64 [2]. - This accumulation by whales began before the recent crash and has continued, indicating their expectation of stability or a rebound [3]. Group 2: Retail Trader Involvement - Retail traders are joining whales in purchasing ADA, contributing to the buying strength that may support a gradual price recovery [4]. Group 3: Technical Analysis and Risks - Despite the accumulation, three technical risks persist: the Smart Money Index (SMI) has sharply declined and remains weak, indicating a lack of professional trader confidence [5]. - The Relative Strength Index (RSI) shows no bullish divergence, with ADA's price making lower lows alongside the RSI, suggesting that momentum has not reversed [6]. - ADA is currently oversold at an RSI of 30, but the absence of divergence indicates a potentially slower rebound compared to other altcoins [7]. Group 4: Price Levels and Projections - Cardano is trading near $0.64, with a daily close above $0.68 potentially leading to a short-term recovery towards $0.76 and $0.89, while a drop below $0.61 could push the price down to $0.55 [8].
Cardano's Charles Hoskinson Says $100 Billion XRP Could Flood Into DeFi
Benzinga· 2025-10-08 19:41
Core Insights - XRP is gaining attention due to its potential in decentralized finance (DeFi), with Charles Hoskinson estimating nearly $100 billion of idle XRP could soon enter yield-bearing ecosystems [1][2][12] - Reliance Global Group has added XRP to its corporate digital asset treasury, indicating institutional interest in XRP as part of a diversified blockchain strategy [4][5][6] Group 1: DeFi Potential - Hoskinson highlighted that the XRP community has approximately $100 billion of yield-free XRP, which could be transformed into a significant source of DeFi liquidity with regulatory clarity and real-world asset integration [2][12] - The integration of XRP with other assets like Bitcoin and ADA could potentially generate $10–15 billion in total value locked (TVL) and increase transaction volume [3][12] - The narrative around XRP is shifting from being primarily a transactional token to a potential structural pillar of DeFi [12][14] Group 2: Institutional Adoption - Reliance Global confirmed the purchase of XRP as part of its Digital Asset Treasury strategy, which also includes Bitcoin, Ethereum, and Cardano [4][5] - The company cited XRP's efficiency as a reason for its inclusion, viewing it as a measured step towards diversified blockchain exposure [5][6] - CEO Ezra Beyman emphasized the goal of building a balanced digital portfolio that reflects innovation and long-term shareholder value [6] Group 3: Technical Analysis - XRP is currently trading near $2.91, consolidating within a symmetrical triangle formation, with resistance at $2.93 and immediate support at $2.85 [9][10] - A daily close above $2.93 could lead to a price increase towards $3.07, while failure to maintain support may result in a decline to $2.64 [11]
The Case for NCIQ ETF: A Rules-Based Approach To Multi-Asset Crypto Investing
Benzinga· 2025-10-07 11:40
For years, U.S. investors looking to gain crypto exposure have faced an unenviable dilemma: either go all-in on a single-asset ETF or wrestle with the complexities of managing wallets, exchanges, and private keys. Neither option offered the one thing most investors actually want: diversified exposure in a simple, regulated format.That's what makes the Hashdex Nasdaq Crypto Index US ETF (NASDAQ:NCIQ) so intriguing. As the first U.S.-listed, multi-asset spot crypto ETF, it changes the conversation entirely. I ...
Bitcoin Rally Pushes Crypto Into Green for September, But Alts Are Lagging: Analysis
Yahoo Finance· 2025-09-30 22:19
Momentum indicators, however, tell a more nuanced story. Traders use the Squeeze Momentum Indicator to show what kind of market phase an asset is currently trading in, be it a bullish/bearish impulse or bullish/bearish trend. This indicator has flipped bearish, marking a shift in short-term direction that often precedes deeper corrections when combined with other weak signals.The technical picture shows Bitcoin maintaining its golden cross formation, where the 50-day moving average (EMA50) sits comfortably ...
Reliance Global Group (RELI) Announces Strategic Bitcoin (BTC) Purchase as Part of Digital Asset Treasury Strategy
Globenewswire· 2025-09-29 17:00
Core Viewpoint - Reliance Global Group has completed its first purchase of Bitcoin under its Digital Asset Treasury initiative, marking a significant step in its strategy to diversify its treasury with top-tier digital assets [1][2][3] Group 1: Digital Asset Strategy - The purchase of Bitcoin is the third major step in Reliance's digital asset strategy, following earlier acquisitions of Ethereum and Cardano, reflecting a disciplined approach to diversifying its treasury [2][3] - Reliance's current crypto portfolio now includes Bitcoin, Ethereum, and Cardano, representing three of the largest blockchain networks [2][3] Group 2: Bitcoin's Role and Attributes - The company views Bitcoin as a foundational store of value rather than a speculative asset, highlighting its broad adoption, deep liquidity, and strong security [3][5] - Bitcoin is recognized for its limited supply of 21 million coins, robust network security, high liquidity, and growing institutional interest, with an estimated transaction volume of approximately $19 trillion in 2024 [5][3] Group 3: Strategic Goals and Governance - The CEO of Reliance emphasized the importance of creating a treasury that balances innovation, sustainability, and long-term value, with Bitcoin serving as a key component alongside Ethereum and Cardano [3][5] - Reliance aims to ensure governance, custody, and compliance remain paramount in its digital asset strategy, focusing on sustainable growth and long-term value for shareholders [3][5]
Reliance Global Group (RELI) Completes Initial Cardano (ADA) Purchase Under Digital Asset Treasury Initiative
Globenewswire· 2025-09-22 13:15
Core Insights - Reliance Global Group has completed its first purchase of Cardano (ADA) as part of its Digital Asset Treasury initiative, enhancing its digital asset portfolio with a focus on scalable and energy-efficient blockchain technology [1][2] - The company aims to build a diversified portfolio of leading digital assets, starting with Ethereum and now Cardano, to pursue long-term capital appreciation and remain at the forefront of blockchain innovation in the insurance and financial services sector [2][6] Company Strategy - The addition of Cardano reflects Reliance's commitment to assets with strong fundamentals and long-term potential, emphasizing sustainability and community-driven governance [3][5] - Reliance intends to pursue its treasury strategy with discipline and oversight, guided by its Crypto Advisory Board to ensure governance, custody, and compliance align with best practices [3][6] Cardano's Features - Cardano is recognized for its research-driven foundation, energy efficiency, and real-world use cases, distinguishing it from many other blockchain projects [3][5] - Key benefits of Cardano include its energy-efficient proof-of-stake consensus mechanism, layered architecture for simplified upgrades, and a governance model that allows ADA holders to vote on proposals [5][6] Future Outlook - The company expects that building a diversified digital asset treasury may enhance long-term capital allocation and shareholder value, with plans to selectively expand digital asset positions over time [6][7] - Reliance believes that disciplined execution and oversight can mitigate risks inherent in blockchain markets while complementing its Insurtech capabilities and broader strategy [6][8]
Why Is Crypto Down Today? – September 19, 2025
Yahoo Finance· 2025-09-19 10:57
Market Overview - The global crypto market cap has decreased by 0.8% to $4.17 trillion, with trading volume at $143.7 billion, indicating a downturn in the market [1] - Most of the top cryptocurrencies are experiencing losses, with eight of the top 10 cryptocurrencies in the red over the past 24 hours [3][7] Cryptocurrency Performance - Bitcoin (BTC) is trading at $116,601, down 0.6% for the day but up 1.3% for the week [3] - Ethereum (ETH) has dropped 1.6% to $4,522, with a slight 7-day decline of 0.2% [3] - XRP is the top loser among major cryptocurrencies, falling 2.6% to $3.03 [3] - Other notable declines include Solana (SOL) down 1.6%, Lido Staked Ether (stETH) down 1.7%, Cardano (ADA) down 1.7%, and Dogecoin (DOGE) down 2.5% [4] Gainers and Trending Tokens - BNB gained 0.7% to $994.72, and Chainlink (LINK) edged up 0.3% to $24.40, making them among the few top-15 coins in the green [4] - Trust Wallet (TWT) led gains with a 36.2% increase to $1.10, followed by APX up 31.1%, and Linea rising 10.6% [4] - Aster (ASTR) dropped 10%, marking it as one of the weakest trending tokens of the day [4] Market Sentiment and Predictions - The market appears to be consolidating after recent gains, with traders monitoring support levels around $115K for BTC and $4,500 for ETH [5] - CryptoQuant analyst Axel Adler Jr. predicts a brief consolidation phase for Bitcoin over the next one to two weeks before potentially reaching a new all-time high [6] Legislative Developments - The advancement of Michigan's Bitcoin Reserve Bill (HB 4087) is seen as a significant political development, allowing up to 10% of Michigan's state reserves to be allocated into crypto [7][8] - This bill may set a precedent for broader U.S. state-level institutional adoption of cryptocurrencies [7]
Spain’s Largest Bank Banco Santander Kicks Off Retail Crypto Trading in Germany, Spain to Follow
Yahoo Finance· 2025-09-17 08:47
Banco Santander’s Openbank debuts crypto trading in Germany, expanding soon to Spain and the EU. | Credit: Getty Images. Key Takeaways Banco Santander, Spain’s largest bank, has launched retail crypto trading in Germany via its digital arm, Openbank. The service allows users to trade Bitcoin, Ethereum, Litecoin, MATIC, and Cardano, with more assets to follow. A rollout in Spain is planned by the end of the month, with EU expansion set for later this year. Banco Santander, Spain’s biggest bank and ...
Cardano Foundation and Switzerland for UNHCR cooperate in Industry-First ETP That Funds Refugee Support Through Crypto Staking, Geneva, Switzerland
Globenewswire· 2025-05-27 09:30
Core Insights - The launch of the Cardano Impact for UNHCR ETP (CASL) on May 28, 2025, aims to connect institutional capital with humanitarian relief through blockchain technology, addressing the challenges of funding essential services for over 100 million displaced individuals worldwide [1][2]. Product Overview - CASL is the first regulated exchange-traded product that converts blockchain staking rewards into continuous funding for UNHCR, automatically donating 100% of staking rewards to support refugees in over 135 countries [2][4]. - The product is structured to be physically backed 1:1 by Cardano (ADA) and has a management fee of 1.5%, allowing investments in USD, EUR, or CHF without requiring blockchain knowledge [4][16]. Financial Impact - Based on current ADA staking yields of approximately 3.5% APY, the CASL ETP could generate annual donations of $1.5 to $2 million with $50 million in assets under management, directly supporting UNHCR's emergency response and refugee programs [3][4]. Technical and Regulatory Framework - The CASL ETP is designed by issuance.swiss AG and operates under Swiss regulatory approval, simplifying the investment process by eliminating complexities associated with cryptocurrencies [4][5]. - Custody and staking services are provided by Taurus SA, a regulated firm in Switzerland, ensuring the security and operational efficiency of the ADA contributions [5][6]. Broader Implications - The innovative model of CASL is attracting attention from other humanitarian and philanthropic organizations, with plans to replicate this impact-linked ETP model for other causes such as education and climate resilience within the next 6 to 12 months [8][9]. - Cardano, with a market cap of approximately $22 billion and a price of around $0.62, is positioned as a suitable blockchain for mission-critical applications due to its proof-of-stake consensus and environmental efficiency [7].