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The world of financial markets, blockchain, and digital currencies. https://www.patreon.com/c/NexusFinance

Cardano founder Charles Hoskinson confirmed talks with Ripple to integrate RLUSD, Ripple’s new stablecoin, into Cardano’s ecosystem. RLUSD, launched in December, aims to challenge leading stablecoins and recently gained US regulatory approval. Integration with Cardano could boost RLUSD’s adoption and utility. Hoskinson praised Ripple’s community and leadership, highlighting the potential for a strong stablecoin ecosystem on Cardano. Both parties stand to benefit, but no final agreement has been reached. The partnership could enhance Cardano’s DeFi offerings and RLUSD’s market presence.

Solana (SOL) price dropped 20% in 7 days, with a market cap of $85B. Ichimoku Cloud and DMI show strong bearish momentum, with SOL below key levels. Support at $159; if broken, $147 and $133 could follow, marking a 22.6% drop. Resistance at $183; a breakout could target $203. Bearish indicators dominate, but a recovery could reignite bullish momentum.

The US Supreme Court ruled that a class action lawsuit against Binance can proceed, rejecting the exchange’s claim of no jurisdiction. Former investors accuse Binance of selling unregistered tokens. The suit involves users who bought tokens like ELF, EOS, and TRX after 2017. This civil case adds to Binance’s legal challenges, including criminal charges. The ruling parallels a recent Nvidia case, signaling tough odds for Binance. Clemency from Trump is unlikely.

Movement (MOVE) dropped 11% in 24 hours, extending its 7-day loss to 26%. RSI at 33.3 nears oversold levels, while Ichimoku Cloud signals strong bearish momentum. A death cross formation intensifies the downtrend. Key support at $0.70; if broken, $0.59 could follow. Resistance at $0.83; a breakout could target $1.15, a 43% gain. Bearish indicators dominate, but oversold conditions may attract buyers. Recovery hinges on breaking resistance.

AI-driven meme coins like Fartcoin and Bully blend humor, community, and AI utility, reshaping crypto. Fartcoin hit $1.6B market cap; Bully uses AI for interactive experiences. AI agents like AIXBT boost trading with real-time analysis. Challenges include over-automation and security risks. Growth potential lies in AGI and fraud detection, but regulations may slow progress.

Hackers breached several prominent crypto X accounts, including Litecoin and Foresight Ventures, promoting fake tokens like MingAI and Solana-based Litecoin. Litecoin confirmed the breach, deleted unauthorized posts, and is investigating. Aiccelerate’s account was temporarily frozen. These attacks highlight rising phishing threats in crypto, with Scam Sniffer reporting $500M+ stolen in 2024 via 330K+ wallet breaches. Impersonation accounts and malicious links remain key tactics. Security vulnerabilities in the crypto ecosystem continue to pose significant risks.

Solana (SOL) is struggling to secure $200 as support, with its price hovering around $183 after a 15% drop from $201. The Net Unrealized Profit/Loss (NUPL) nearing the Fear Zone suggests potential for a rebound, as historically, dips into this zone precede recoveries. The RSI is improving, signaling growing bullish momentum. If SOL reclaims $200 as support, it could target $221, marking a recovery. However, failure to break $201 resistance risks further consolidation or a drop to $169, delaying bullish momentum. Investor sentiment and market conditions remain key to SOL’s next move.

Scott Bessent, Trump’s Treasury Secretary nominee, holds a $250K-$500K stake in BlackRock’s Bitcoin ETF (IBIT), part of a $521M portfolio. If confirmed, he must divest several assets, including his Bitcoin ETF holdings, within 90 days to comply with ethical standards. Bessent, a crypto advocate, will also resign from his hedge fund, Key Square Group. His confirmation hearing is set for January 16, 2025, where he’ll play a key role in shaping fiscal policies under the Trump administration.

Stellar (XLM) has recovered from a month-long downtrend, rising 30% since January to $0.429. Positive funding rates reflect trader optimism, but weak inflows (CMF near zero) indicate lingering investor uncertainty. Securing $0.416 as support is key for further gains, with $0.583 as the next target for a full recovery. However, bearish market conditions could push XLM below $0.416, risking a drop to $0.355 and invalidating the bullish outlook. Sustained investor confidence and market support are crucial for XLM’s continued recovery.

Shiba Inu’s lead developer, Shytoshi Kusama, announced the launch of the WHY Combinator, a decentralized program to boost innovation in the meme coin ecosystem. The initiative leverages Shibarium, Shiba Inu’s Layer-2 blockchain, and the TREAT token to reward engagement and support new projects. Kusama also revealed the development of over 30 tech tools, dubbed the “36 Chambers of Tech,” focusing on AI, Web3 gaming, and decentralized identity. The team is expanding BONE’s utility, exploring its role in enabling Layer-3 solutions to scale Shibarium. Despite skepticism, Shiba Inu aims to create a robust, developer-friendly ecosystem with real-world blockchain use cases.

Celestia (TIA) has struggled to recover after an 18% drop last week, with a Death Cross signaling potential further declines. Despite a 12% recovery in four days, TIA remains in a consolidation range of $4.50 to $5.56. The RSI below 50.0 indicates weak bullish momentum, and broader market conditions remain unsupportive. To break out, TIA must secure $5.03 as support and breach $5.56 resistance, potentially rallying to $6.27. Without stronger momentum, TIA’s recovery remains fragile, with bearish risks persisting.

Ethereum (ETH) has seen a 12% price decline in the past week, but investors are accumulating, with 12.5M ETH moved off exchanges, signaling renewed confidence. This accumulation could drive ETH toward the $3,524 resistance, with $40B in supply poised to become profitable. ETH is currently trading at $3,264, with $3,327 as a critical resistance level. A breakout above $3,327 could reignite bullish momentum, while failure to breach it risks a drop to $3,028, invalidating the bullish outlook. Accumulation patterns suggest optimism for a potential recovery.

Cardano (ADA) is struggling to reclaim $1.00 support amid market volatility, with bearish signals from its Price DAA Divergence indicating declining investor participation. However, long-term holders (LTHs), sitting on significant profits (MVRV Long/Short Difference at 45%), provide crucial support, preventing steep declines. ADA is currently trading at $0.91, with consolidation likely between $0.85 and $1.00 unless bullish momentum returns. A breakout above $1.00 could target $1.23, signaling renewed optimism. Broader market conditions remain key to ADA’s next move.

Ripple and MoonPay donated $50,000 in RLUSD stablecoin to the Los Angeles Fire Department Foundation (LAFD) to support wildfire relief efforts in California. The donation, part of Ripple’s Ripple Impact initiative, aids first responders battling devastating fires that have displaced over 200,000 residents. Ripple’s Eric Van Miltenburg emphasized the importance of supporting those risking their lives. This contribution highlights crypto’s growing role in addressing real-world challenges, with Ripple having donated over $170M globally. The LAFD expressed gratitude, underscoring the critical need for resources during this crisis.

A Meta shareholder has proposed the company allocate part of its $72B cash reserves to Bitcoin, citing inflation risks and Bitcoin’s strong performance (124% gain in 2024, 1,265% over 5 years). The proposal aligns with broader corporate Bitcoin adoption efforts, following similar pushes at Microsoft and Amazon. Meta’s indirect crypto exposure through BlackRock, its second-largest investor, adds weight to the argument. CEO Mark Zuckerberg’s influence could be pivotal. Advocates argue Bitcoin offers a hedge against inflation and positions companies for the digital economy. While Microsoft rejected a similar proposal, the trend reflects growing institutional interest in Bitcoin.

BGB price surged 14% in 24 hours to $7.22, aiming for a new ATH of $8.49. Despite the recovery, bearish sentiment persists among investors, with weighted sentiment turning negative for the first time since mid-November. A potential MACD bullish crossover could reignite buying interest, but resistance at $8.49 poses a challenge. If bearish cues dominate, BGB could drop below $5.73 support, invalidating the bullish outlook and risking a fall to $4.90. Mixed signals and skepticism may hinder sustained recovery.

The US Consumer Financial Protection Bureau (CFPB) proposed a rule to extend consumer protections to crypto accounts, aligning them with traditional bank accounts under the Electronic Fund Transfer Act (EFTA). The rule would require crypto service providers to compensate users for theft or fraud, disclose consumer rights, and provide regular statements. Critics argue the rule’s broad definitions and lack of stakeholder consultation create uncertainty, particularly for non-custodial wallets. Legal experts question its practicality, while some view it as regulatory overreach. Public comments are open until March 31, with the CFPB to decide on implementation afterward.

North Dakota and New Hampshire are introducing legislation to establish Bitcoin reserves, joining states like Texas and Florida. North Dakota’s bill encourages investing state funds in digital assets and precious metals, while New Hampshire’s proposal targets assets with a $500B+ market cap, effectively favoring Bitcoin. These moves aim to diversify state treasuries against inflation. The US government, holding 200K BTC, may expand its reserves under Trump’s administration. Critics debate the tech-neutral language, but proponents see it as a strategy to ease political friction and promote Bitcoin adoption.

The UK government has exempted crypto staking from "collective investment schemes" (CIS) regulations, providing legal clarity for PoS blockchains like Ethereum and Solana. The updated Financial Services and Markets Act 2000, effective Jan 31, 2025, ensures staking avoids strict CIS oversight. This aligns with the Treasury’s plan to regulate crypto staking, stablecoins, and trading by 2026. However, the FCA faces challenges enforcing compliance, with only 54% of illegal crypto ad removal requests acted upon in 2024. The move aims to balance innovation and investor protection as the crypto sector grows.

XRP price dropped 4% in the past week, with trading volume down 33% in 24 hours. Whale addresses holding 10M-100M XRP rose slightly to 299, signaling cautious accumulation. CMF at -0.07 shows selling pressure but hints at stabilization. Resistance at $2.35; a breakout could target $2.53 or $2.72. Support at $2.13; if broken, $1.96 could follow. Market remains uncertain, with potential for recovery or further correction.