US SEC has postponed decisions on Cardano and Avalanche Grayscale spot exchange-traded fund (ETF) application from 29th May to 13th July. The absolute duration and date of final ruling remains same i.e. 240 days and 22nd Oct. 2025 respectively. Final Verdict on Cardano And Avalanche Spot ETF Moved to 13th July According to an SEC release, the Commission confirmed its decision to push back its decision on Grayscale’s Avalanche and Cardano ETFs. Per the release, the SEC is opting to delay Grayscale’s attempt to convert its Avalanche Trust into a spot ETF review. As reported by Coingape earlier, the SEC acknowledged the Grayscale Cardano Spot ETF on 24th Feb. 2025. Source: ChatGpt, SEC delays Cardano and Avalanche Spot ETF to 13th July On the… Read More at Coingape.com
On May 3, 2025, Justin Sun, the founder of TRON, revealed a significant upgrade to the TRON ecosystem. The news caused a surge in TRX prices, but it was also overshadowed by a security breach: the official TRON DAO Twitter account was hacked, and scammers used it to steal user funds.
TRON’s Major Update Sends TRX Price Skyrocketing
Sun’s announcement about the TRON upgrade led to an immediate market reaction. Within the first hour, TRX saw a 7.2% price increase, rising from $0.122 to $0.130. Trading volumes surged by 43%, with 1.2 billion TRX traded across major exchanges like Binance, OKX, and KuCoin.
On top of this, on-chain data from TronScan showed a 15% jump in transaction volume, with over 5.8 million transactions processed on the TRON network by 1:00 PM UTC. These numbers highlight the strong market interest and growing adoption of TRON’s latest improvements.
Hack of TRON DAO Twitter
While TRON’s upgrade grabbed the spotlight, a more troubling issue emerged: the TRON DAO’s official Twitter account was hacked. The hackers used the account to promote a scam, attempting to steal funds from unsuspecting users.
In response, Justin Sun acted quickly, reaching out to crypto exchange OKX and urging them to freeze any assets linked to the scam. He emphasized the need for swift action to prevent further exploitation.
“We trust that OKX will act swiftly and responsibly, ensuring that its platform does not become a safe haven for scam proceeds,” Sun said in his post on X
Law Enforcement Involved in the Investigation
Justin Sun didn’t stop at contacting OKX. He also involved law enforcement, sharing critical details to help trace and recover the stolen funds. Sun directly addressed the scammers, urging them to return the stolen assets:
“To the scammers involved: we strongly urge you to return the stolen funds immediately. We commit to redistributing all recovered funds back to the community. There is still a chance to do the right thing,” he said.
The funds have been traced to a specific wallet address, and two transaction hashes were shared to aid the investigation.
Can TRON Overcome the Challenges?
TRON now faces the dual challenge of advancing its technology while managing the fallout from this hack. The upgrade brought a positive market response, but the breach highlights the ongoing security risks in the crypto space.
Sun’s leadership will likely be under the microscope as the situation unfolds. However, TRON’s quick response to the hack shows a commitment to protecting its users.
The balance between innovation and security will be crucial for TRON’s future.
The post Justin Sun’s TRON Upgrade Sends TRX Price Soaring Despite Twitter Hack appeared first on Coinpedia Fintech News
One announcement can change a lot in crypto. On May 3, 2025, Justin Sun, the founder of TRON, revealed a significant upgrade to the TRON ecosystem. The news caused a surge in TRX prices, but it was also overshadowed by a security breach: the official TRON DAO Twitter account was hacked, and scammers used it …
XRP price rebounds above $2 as BTC and ETH see $50M in liquidations, but derivatives trading metrics suggest weekend volume weakness may pressure altcoins lower.
Ripple (XRP) price holds $2 support as altcoins mirror Bitcoin’s resilience to Trade War Triggers
Ripple (XRP) price initially plunged to 30-day lows around $1.80 with hours after Trump announced sweeping tariffs during the liberation speech on Friday.
However, the momentum swung positive in recent days as BTC holds firm above $82,000 after China retaliatory 34% tariffs on Thursday, reinforcing investor confidence in the crypto markets as a crisis resistant asset class.
Ripple (XRP) price action, April 5 | Source: TradingView
Ripple price rebounded 12.5% since Thursday, rising as as $2.15 at press time according to CoinMarketCap data.
As seen above, Ripple price continues to consolidate well-above the $2 mark, mirroring the likes of ETH, BTC and SOL, which have also defended key psychological support levels around $1,800, $80,000 and $110 respectively over the past week.
Derivative Market Analysis: Crypto Buying Pressure Could Slow Down this Weekend
With top-ranked crypto assets including XRP all consolidating around key psychological price points this weekend, it signal market-wide buying support, amid capital inflows from investors exiting stocks amid US trade war tensions.
However, considering that US markets are now closed, the volume of transitional capital flows could slow down significant until pre-market trading begin.
Validating this stance, Coinglass derivatives market data shows evidence of short-term bearish trading signals.
Crypto Derivatives Markets Analysis, BTC, ETH see combined losses of $50M, April 5. | Source: Coinglass
Derivatives data from Coinglass reinforces this stance. Over the past 24 hours, crypto markets saw a total of $110.65 million in liquidations, with long positions accounting for $85.10 million—over 76% of the total.
Bitcoin and Ethereum alone alone recorded nearly $50 million combined, with BTC traders booking $36.32 million in liquidations, followed by Ethereum at $13.61 million.
The bearish imbalance, especially the outsized long wipeouts in the last 12 hours ($67.11M longs vs $13.48M shorts), points to a rising number of over-leveraged bullish positions being flushed out.
This suggests short-term exhaustion in buying momentum, increasing the likelihood of a minor pullback or sideways action through the weekend.
With high leverage being unwound and external demand on pause, weekend trading may turn defensive with XRP markets and other prominent altcoins.
Strategic altcoin traders woould watch for support retests, especially if funding rates begin to flip or volume declines further ahead of Monday’s open.
As the week closes on April 5, XRP price forecast charts on TradingView reflect signs of short-term exhaustion following its rebound to $2.15.
Despite five consecutive green candles, XRP price remains below the 50-day EMA at $2.21 and the 100-day EMA at $2.28. This reflects supply-side pressure still outweighing momentum, even as bulls attempt a recovery from March’s lows.
XRP Price Forecast
Notably, the 200-day EMA near $1.95 is acting as a key anchor. A breach below this could trigger stop runs and reopen downside risk toward $1.80.
True Strength Index (TSI) remains in bearish territory at -0.80, yet is flattening, hinting that the selling momentum is decelerating. Volume has weakened across recent sessions, confirming the rally lacks conviction. A clear break above $2.22 would be required to invalidate near-term bearish bias.
Until that happens, XRP remains vulnerable to weekend drawdowns. Bulls must defend $1.95 or risk deeper losses into next week’s open. A close below $2.00 would reassert sellers’ control short-term.
The Chainlink network has attracted first-level investment from traditional financial institutions in the recent past.
The integration of USD1 with Chainlink will increase the global adoption of LINK tokens.
World Liberty Financial (WLFI), a well-funded DeFi protocol backed by U.S. President Donald Trump, announced a strategic partnership with Chainlink (LINK) network to enhance the mainstream adoption of its recently launched stablecoin dubbed USD1.
Following the collaboration, the World Liberty Financial project will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable a secure and seamless transfer of USD1 across different chains.
“Chainlink’s battle-tested infrastructure delivers the institutional-grade security and extensive reach needed to deliver USD1 into the hands of millions across a growing number of active, on-chain ecosystems. WLFI’s partnership with Chainlink will accelerate and improve USD1’s utility for cross-border payments and will result in truly useful applications across DeFi and traditional finance,” Zach Witkoff, co-founder of World Liberty Financial, noted.
Previously, World Liberty Financial had collaborated with the Chainlink network to provide reliable data feeds to its AAVE V3 instance.
Market Impact of the Collaboration Between Chainlink and WLFI
The collaboration between the Chainlink network and the WLFI protocol will play a crucial role in the mainstream adoption of LINK tokens. Moreover, the WLFI protocol will enhance the established credibility of the Chainlink network for more institutional investors.
Earlier on Friday, the Chainlink network announced that the Fluid protocol has adopted its CCIP and cross-chain token (CCT) standard to enable the seamless transfer of assets across Ethereum, Base, and Arbitrum.
The rising adoption of the Chainlink products will have a long-lasting impact on LINK price action. The large-cap altcoin, with a fully diluted valuation of about $15.9 billion and a 24-hour average traded volume of around $477 million, rallied over 30 percent in the last four weeks to trade about $15.9 on Friday, May 16 during the late North American trading session.
The post Chainlink Inks Strategic Partnership With World Liberty Financial to Enhance Cross-chain Capabilities for USD1 appeared first on Coinpedia Fintech News
The Chainlink network has attracted first-level investment from traditional financial institutions in the recent past. The integration of USD1 with Chainlink will increase the global adoption of LINK tokens. World Liberty Financial (WLFI), a well-funded DeFi protocol backed by U.S. President Donald Trump, announced a strategic partnership with Chainlink (LINK) network to enhance the mainstream …
