The cryptocurrency market received a significant development last week when the U.S. Securities and Exchange Commission (SEC) made a decision about Grayscale’s Cardano ($ADA) Exchange-Traded Fund (ETF) proposal. The SEC opted not to make a decision about whether to approve, deny, or seek further proceedings on the ETF, and instead extended its review period by an additional 45 days. The new decision date—now probably a good indicator of when the SEC makes a lot of big decisions—has been set for May 29, 2025. The Extended Review Timeline and Key Dates Grayscale, a leading digital asset management company, initially submitted its
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]]>This week, Cardano ($ADA) has been under severe price pressure, dropping more than 20%. The token’s recent valuation decline is coming on the heels of an announcement from former U.S. President Donald Trump regarding the construction of a new cryptocurrency reserve for the United States. While the crypto community was momentarily excited by the news, many investors were left disappointed after the reserve’s underwhelming launch results. Increased selling has been the main consequence of that disappointment, and Cardano’s sharp recent price drop is the result. Profits are obviously being taken. For long-term believers in the project, though, the price drop
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]]>Cardano (ADA) has of late enjoyed an outstanding breakout, with its price leaping to as much as $1.13, marking a large shift in the market. This price surge came coupled with a jump in the previously scant Cardano whale activity, a trend notched that is pulling in a good bit of attention from not just investors but analysts too. For the first time in over three months, the not-so-common occurrence of whale transactions of $100K+ became a lot more common, signaling a large uptick in interest from big holders of the cryptocurrency. The heightened activity coincided with the uplifted mood
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]]>Last week marked a significant shift in ADA’s trading level as it saw its biggest daily recovery in over a year. This triggered a sudden positive sentiment, but quickly faded after rejecting $1 with a massive dump. Continuing the bearish move, ADA broke lower last week and created a new support above $0.58 after staying well above the $0.5 level earlier in February. It saw a slight rejection and ended that month on a weak note. Last weekend marked the start of a new month, and it surprisingly opened long and rallied hard from a low of $0.65 to a
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]]>In a significant development that has drawn the eyes of both the crypto and traditional investment worlds, Grayscale has filed with the U.S. Securities and Exchange Commission for a new kind of investment product: a spot exchange-traded fund, or ETF, that would hold Cardano as a primary asset. With the ETF application, Grayscale now has 17 investment vehicle applications with the SEC, nine of which are for Bitcoin-related ETFs. Should it receive approval, this could pave the way for more conventional investors to access Cardano—offering a regulated entry point into the burgeoning decentralized finance (DeFi) sector. We break down the
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]]>Currently, the third-largest cryptocurrency by market capitalization, Cardano ($ADA), is showing potentially auspicious signs of a price rebound. A major technical indicator is flashing a buy signal. The TD Sequential, a well-regarded tool for identifying trend reversals, is suggesting that a market entry or re-entry might be a smart move for ADA investors. “The overall crypto market is a bit uncertain right now, but Cardano’s most recent bullish signal could mean that it’s one of the cryptos toning up for a price surge.” Swissquote Bank Expands Support for Cardano ($ADA) Alongside the technical enthusiasm for Cardano, there has been real
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]]>In a key advancement for the crypto sector, Swedish asset management company @VirtuneAB has brought to bear its first ETPs in the direct investment space for two major blockchain networks—Avalanche and Cardano. This move has made the ETPs available on Nasdaq Helsinki, allowing investors in Finland to access the crypto market in a manner consistent with other investment opportunities they might select, and with an investment structure that operates largely under the hood of the security regulations Finnish investors are already accustomed to. A New Investment Opportunity in Finland Finland provides a fascinating opportunity for investors to explore high-yield crypto
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]]>The excitement in the cryptocurrency community seems to have reached a new level over recent reports that NASA is running code on the Cardano blockchain. This has sent our Google searches for “Cardano x NASA” into the stratosphere, and understandably so. #Cardano $ADA consolidates, awaiting a 40% price move as it forms a symmetrical triangle! pic.twitter.com/soH39INFnq — Ali (@ali_charts) January 25, 2025 Cardano ($ADA) is consolidating in the market, forming a symmetrical triangle that hints at a 40% price move one way or the other. Meanwhile, let’s take a closer look at the news and its implications. NASA and Cardano:
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]]>The excitement in the cryptocurrency community seems to have reached a new level over recent reports that NASA is running code on the Cardano blockchain. This has sent our Google searches for “Cardano x NASA” into the stratosphere, and understandably so. #Cardano $ADA consolidates, awaiting a 40% price move as it forms a symmetrical triangle! pic.twitter.com/soH39INFnq — Ali (@ali_charts) January 25, 2025 Cardano ($ADA) is consolidating in the market, forming a symmetrical triangle that hints at a 40% price move one way or the other. Meanwhile, let’s take a closer look at the news and its implications. NASA and Cardano:
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