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The US Supreme Court has made a critical ruling, which could have a significant impact on the crypto industry. The Apex court ruled in favor of the IRS in a case involving the summons that the tax agency had issued to Coinbase to access user data. US Supreme Court Rules Against Coinbase In IRS Case
The post US Supreme Court Raises Privacy Concerns In Ruling Against Coinbase Users appeared first on CoinGape.
Cardano (ADA) has recently shown strong signs of a recovery, giving traders new hope for a rally towards the $1 mark. The price has climbed above $0.70 for the first time since March and is currently facing key resistance levels that could decide the next move.
According to crypto analyst Ali Charts, the Cardano price is approaching a major test at $0.74. A breakout above this level could open the way for a move toward $0.88 for ADA price. Over the past seven days, Cardano has gained more than 12%, showing increased investor interest.
Trading volume has risen by 33% in the past 24 hours, reaching $723 million. This higher volume signals that buyers are becoming more active as Cardano attempts to overcome resistance barriers between $0.7150 and $0.7200. If the Cardano price fails to break above these levels, it could drop back to $0.6800.
The ADA price is currently trading around $0.7088, showing a daily gain of 2.04%. It continues to recover from the recent low of $0.6500. However, some technical indicators suggest that the upward momentum could be weakening as ADA price nears critical resistance points.
Large Cardano holders, often referred to as whales, have been increasing their ADA holdings. Data from Santiment shows that wallets holding between 10 million and 100 million ADA now control 35.5% of the total supply. This figure has risen from 33% in January, indicating sustained accumulation boosted by the recent reveal of backing for the Ripple coin XRP.
Wallets with between 1 million and 10 million ADA have also grown to account for 15.83% of the supply. Analysts view whale accumulation as a positive sign, as it often suggests that large investors expect future gains.
In addition, speculation about a potential spot ADA ETF is gaining momentum. Following the appointment of Paul Atkins as the new chair of the Securities and Exchange Commission (SEC), expectations for ETF approvals have increased. Moreover, Polymarket data shows the probability of an ADA ETF being approved this year jumped to 51%.
As per the recent technical analysis, a Golden Cross on the 4-hour chart has emerged, strengthening the Cardano’s price’s bullish outlook. Subsequent to this crossover, the price rose sharply and then trading above the 50 period SMA which has since become the support. Another positive sign was marked by higher highs and higher lows in the price action.
The Money Flow Index (MFI) at the moment is 55.33, which is more neutral to slightly bullish at the moment. The MFI is not overstretched towards the buy signal and not oversold, meaning there is potential for rising ADA prices if the undertone remains bullish.
On a larger timeframe, Cardano price is within the falling channel formed in the first half of 2025. The price has reversed from the channel bottom and is currently moving towards the midway and the upper edge of the channel.
An upward breakout above the upper Bollinger Band about $0.77 to $0.78, in accordance with Ali Charts, could open the way for further upward trends towards $0.88 possible. Therefore, if Cardano price clears this region, it will endorse the bullish signal highlighted earlier by the Golden Cross formation.
According to the charts, resistance is around $0.70 to $0.72, with further support at the lower border of the channel at $0.55 to $0.57. If the resistance levels remain intact, Cardano could revisit the lower support level before attempting another breakout.
The post Cardano Price Eyes Rally To $1 As Golden Cross Pattern Forms appeared first on CoinGape.
The US Dollar (USD) is currently trading higher, with the US Dollar Index (DXY) at 104.92, as election results begin…
Despite political controversies surrounding the Trump Gala Dinner event, the crypto market has recently witnessed a significant accumulation wave of the TRUMP token, a meme coin associated with the Trump family.
These activities reflect strong interest from major investors, often called “whales,” and highlight the TRUMP token’s growth potential amidst a volatile market.
The accumulation trend for the TRUMP token gained momentum as large investors consistently executed noteworthy transactions.
On April 28, 2025, a whale withdrew 190,987 TRUMP tokens from Binance, increasing its total holdings to 1.389 million tokens, equivalent to $20.59 million. This investor, known by the alias “MeCo,” currently holds the second position among the top holders vying for a spot at the Trump Gala Dinner, trailing only Justin Sun.
On the same day, another whale bolstered its holdings by adding 92,460 TRUMP tokens, belonging to the top 125 holders.
Before that, on April 27, a savvy trader swapped 1.18 million Fartcoins for 78,671 TRUMP tokens. Moving to April 26, a prominent whale reinvested early profits and additional funds, purchasing $5.73 million worth of TRUMP tokens.
Also on that day, a whale withdrew 413,530 TRUMP tokens from a CEX platform.
These transactions reveal a clear trend: major investors are accumulating TRUMP tokens to secure their spots at the Trump Gala Dinner, an exclusive event reserved for top token holders.
Despite these activities, TRUMP has shown positive performance signals in the market. According to data from BeInCrypto, the price of TRUMP surged by 84% over the past seven days, outpacing many other cryptocurrencies.
The spot trading volume of TRUMP on Binance also skyrocketed by 202% within nine days. However, despite these positive indicators, the Trump Gala Dinner has sparked intense political controversy.
On April 25, 2025, two US Senators, Adam Schiff and Elizabeth Warren, sent a letter to the U.S. Office of Government Ethics. They called for an investigation into the event because they believed it violated federal ethics regulations.
The Senators expressed concerns that the event could constitute a “pay-to-play” scheme. Investors pay for political access, as Trump promised a private dinner on May 22, 2025, for the top.
Following this announcement, the TRUMP token’s value surged over $100 million. This raised suspicions that the Trump family might leverage their political influence for profit.
Schiff and Warren also questioned whether Trump or his family had received guidance on profiting from digital assets during his tenure. And what safeguards exist to prevent the purchase of political access through TRUMP token investments?
This controversy has sparked broader questions about the intersection of cryptocurrency and politics, particularly as more public figures engage with the crypto market.
Furthermore, as previously reported by BeInCrypto, there is speculation that Trump might use the Trump Gala Dinner to promote a new NFT project.
In summary, the accumulation wave of TRUMP tokens to attend the Trump Gala Dinner shows this meme coin’s strong financial appeal due to its social and political significance. Positive price and trading volume data reinforce investor confidence in TRUMP’s growth potential.
However, the political controversies surrounding the event also introduce significant risks. Investors should remain vigilant, closely monitoring market developments and related legal factors.
The post Crypto Whales Continue to Buy TRUMP Despite Political Controversy appeared first on BeInCrypto.
