Tether, the world’s biggest stablecoin issuer, minted $6 billion worth of USDT in July 2025, ramping up the token supply at a record pace. The surge comes as demand for stablecoins grows, with crypto investors and exchanges seeking more liquidity for trading. While Tether states all new USDT is fully backed, the rapid expansion has reignited debates about transparency and the potential risks to market stability as large sums flood digital asset platforms.
Trump Media has joined forces with popular crypto exchange Crypto.com to launch new exchange-traded funds (ETFs) focused on Bitcoin and crypto assets. The agreement marks a major step into the financial markets for Trump Media, signaling growing interest in digital assets from mainstream players. The partnership aims to make crypto investing more accessible and trusted through regulated ETF products. It’s a clear sign that crypto continues to move closer to the financial mainstream.
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Trump Media has joined forces with popular crypto exchange Crypto.com to launch new exchange-traded funds (ETFs) focused on Bitcoin and crypto assets. The agreement marks a major step into the financial markets for Trump Media, signaling growing interest in digital assets from mainstream players. The partnership aims to make crypto investing more accessible and trusted …
Cardano price is eyeing massive gains after Coinbase Derivatives announced it will launch ADA futures on March 31, boosting institutional interest and market liquidity. ADA price could now be on the verge of a massive upswing, with analysts predicting a 15% rally. However, there are also concerns that the listing may mark a local price top. Will this Coinbase listing drive sustained growth for Cardano price or trigger a sell-the-news event? Let’s explore.
Cardano Price in Focus as Coinbase Files for ADA Futures
Coinbase Derivatives is expanding its crypto offerings with ADA futures. The exchange has filed with the Commodity Futures Trading Commission (CFTC) for this product. If it launches, it will boost liquidity and institutional interest in Cardano and potentially fuel gains.
The Cardano futures will enable traders to gain exposure to ADA without holding the underlying asset. This offering will allow investors to use leveraged trading strategies. If the product is approved, it will launch on March 31.
Coinbase Cardano Futures
Futures listings have often spiked price volatility, and traders are now speculating about the impact that the launch will have on ADA price, which has been recording choppy price moves. At press time, Cardano trades at $0.74 with a 4.8% gain in 24 hours as the crypto market today rebounds.
Will the Coinbase Listing Mark a Local Top for ADA?
The upcoming launch of ADA futures could break Cardano from consolidation if it leads to a spike in social volumes. Historically, exchange listings drive speculative discussions that in turn result in high trading activity.
Data from Santiment shows that Cardano social volumes peaked earlier this month after President Trump endorsed ADA as one of the US altcoins that will be part of the US digital asset stockpile. This saw the price hit a local top of around $1.12 before a sharp reversal.
Cardano Social Volumes
The recent Coinbase listing has yet to cause a surge in social volumes. This indicates that Cardano price still has room for growth before reaching another local top. However, this listing could end up being a sell-the-news event that will lead to a bearish reversal.
Cardano Price Gears for a 15% Rally
Analysts have shared a bullish Cardano price prediction after it bounced by nearly 5% to an intra-day high of $0.75 following the news of the Coinbase listing. Popular analyst Ali Charts forecasts that the altcoin could be on the verge of a 15% upswing after forming a symmetrical triangle pattern.
ADA/USDT 1-hour Chart
If ADA price breaks out of the upper resistance trendline, it could pave the way for the altcoin to reclaim $1 as traders buy into the rally that will be realized with the Coinbase listing later this month.
Data from Coinglass also shows an uptick in activity in the derivatives market. The Cardano open interest has increased slightly in the last 4 days to $770M. If this rise in OI continues, it could add more fuel to the ADA price rally.
Ethereum’s long‑awaited Pectra upgrade is live, activating 11 Ethereum Improvement Proposals on the mainnet.
The network crossed the upgrade slot at 10:05 UTC and reached finality roughly 12 minutes later, clearing the last hurdle after two turbulent testnet runs.
Ethereum’s Pectra Hard Fork Goes Live: What You Need to Know
The headline change, EIP‑7251, raises each validator’s effective balance from 32 ETH to 2,048 ETH, letting large staking providers consolidate thousands of nodes and slash bandwidth costs.
Pectra has gone live and finalized ! Testing of the newly activated EIPs continues.
Pectra Upgrade also debuts EIP‑7702, allowing externally owned accounts to temporarily execute smart‑contract code. The feature unlocks gas‑fee payments in stablecoins, subscription‑style transfers, and native wallet‑recovery tools. Nine additional EIPs target data availability, validator onboarding, and cryptographic efficiency.
At press time, ETH trades around $1,840, up almost 3% over the last 24 hours, as markets digest the upgrade while bracing for today’s FOMC rate decision.
Core developers will now pivot to the next hard fork, “Fusaka,” slated for late 2025, but today’s smooth rollout cements Ethereum’s momentum after three years of incremental tweaks.
BeInCrypto contacted Bitfinex analysts for insight on the Pectra Upgrade. In their opinion, Pectra brings both opportunities and challenges for Ethereum Layer 2s.
While it boosts efficiency and lowers costs, it may also concentrate validator power and reduce Layer 2 fee revenues.
According to the analysts, this shift could impact decentralization and incentives, pushing Layer 2s to adapt through innovation and user-focused design.
“Ultimately, the Pectra upgrade represents a double-edged sword for Ethereum’s Layer 2s,” Bitfinex analysts told BeInCrypto.
Others like Nicolai Sondergaard, Research Analyst at Nansen, offer a more measured outlook. Speaking to BeInCrypto, Sondergaard said Pectra enhances Ethereum’s Layer-2 ecosystem by doubling blob capacity and raising calldata costs.
According to Sondergaard, this makes blobs the standard for rollup data, with lower fees and smoother UX on dApps.
He said DeFi and NFTs benefit from smarter wallets, gas sponsorship, and cheaper transactions, while onboarding and voting in DAOs and social apps become easier.
“Gasless voting or simplified onboarding becomes more practical with the new wallet capabilities. Meanwhile, the upgrade doesn’t introduce backward-incompatible changes, meaning existing contracts continue functioning as-is,” Sondergaard concluded.
Meanwhile, while the technical changes are mostly invisible to users, major exchanges like Binance and Coinbase implemented temporary service pauses as a precaution.
Binance and Coinbase Halt Key Services
Binance exchange said deposits and withdrawals of 14 tokens would not be available starting Wednesday at 09:45 (UTC).
“Starting at approximately 2025-05-07 09:45 (UTC), Binance will suspend the deposits and withdrawals of token(s)…to support the Ethereum network upgrade and hard fork to ensure the best user experience,” read the announcement.
With this news, the following tokens will not be available for depositing and withdrawing on Binance. Services will resume once the tokens are deemed stable and the volatility inspired by the Pectra Upgrade has eased.
Ethereum (ETH)
Polygon (POL)
Arbitrum (ARB)
Metis (METIS)
Optimism (OP)
Scroll (SCR)
zkSync Era (ZKSYNC)
Cyber (CYBER)
Base (BASE)
Metal DAO (MTL)
Manta Network (MANTA)
Celo (CELO)
Starknet (STRK)
Worldcoin (WLD)
Binance suspends deposits and withdrawals for 14 tokens. Source: Binance announcement
This suspension comes as the exchange looks to support the Ethereum network upgrade and hard fork, ensuring the best user experience.
Notably, while Binance halts deposit and withdrawal functions for these tokens, trading on their networks will remain operational.
Coinbase also announced a similar move, pausing some operations to ensure a smooth and secure transition.
“To ensure user fund safety, we will temporarily pause Ethereum deposits and withdrawals from 2:50 AM to 3:45 AM PT,” Coinbase stated in a post.
However, the initiation of new staking requests on the Coinbase exchange will be delayed during that time. Normalcy will resume after 3:45 AM PT without affecting existing staked positions.
! Testing of the newly activated EIPs continues.