Author: Monicah W

Charles Hoskinson, the founder of Cardano, gave a strong message about where blockchain is headed during his keynote at the ongoing Paris Blockchain Week. Speaking to a packed audience, he urged the industry to move past old habits and focus on lasting value that serves everyday people, not only tech insiders or early adopters.

The Fourth Generation of Blockchain Innovation

Charles Hoskinson said the blockchain industry is entering its fourth stage. He explained that the early days were about Bitcoin and decentralization. Later came smart contracts and efforts to improve how fast and large systems could grow. Now, this fourth phase must tackle real-world challenges at scale.

In a powerful keynote at @Parisblockweek, @IOHK_Charles laid out a vision that challenged the zero-sum mentality that’s long defined the Web3 space.

He reflected on where we’ve been, and where we’re headed.

The fourth generation is on the horizon. It’s built on privacy,… pic.twitter.com/o6NbAhVs33

— Input Output (@InputOutputHK) April 30, 2025

He argued that blockchain should not just be for a few people who understand code or finance. It needs to be reliable, secure, and usable by billions. He pointed to Cardano’s research-driven model as a key part of that mission. The recent airdrop linked to the Midnight sidechain, which could involve 37 million users, shows how serious that goal is.

It is important to add that Hoskinson believes some platforms may not survive the next blockchain iteration. For example, CoinGape reported earlier that Hoskinson predicted that Ethereum may crash in the next 15 years. According to him, the technology is becoming outdated and is not built for long-term use.

However, some market participants think differently, as Ethereum is set to launch its Pectra upgrade on May 7. The upgrade is expected to drive significant development across the blockchain network.

Charles Hoskinson on Privacy, Decentralization and Interoperability

It is worth mentioning that more people are beginning to use blockchain in everyday settings like healthcare or shopping. The Cardano founder believes that privacy and identity protection will become more critical. 

He also pointed out that blockchains need to connect, especially in the supply chain and logistics industries.

The absence of standard rules and security issues remains key challenges to overcome. However, Hoskinson said those are necessary hurdles in building a stronger future.

Merging TradFi and DeFi: The New Focus

At the event, Charles Hoskinson also mentioned that traditional and decentralized finance must stop acting like rivals. Instead, he proposed they merge into what he simply calls “Fi”. According to him, this model could help blockchain earn public trust while following real-world rules.

CoinGape earlier reported that Hoskinson believes the future of finance is already taking shape. For example, Cardano recently outperformed several top S&P 500 companies, and some analysts predict that ADA could reach $10.

If such outcomes materialize, investor focus may shift unless TradFi and DeFi innovations harmonize effectively. As of writing, data from CoinMarketCap shows Cardano (ADA) trading at $0.6856, down 3.69% in the past 24 hours.

The post Cardano Founder Predicts What Next For Blockchain Innovation appeared first on CoinGape.

The post Bitcoin Price Analysis: Sucker’s Rally or Major Boom Ahead? appeared first on Coinpedia Fintech News

• U.S. President Donald Trump has signaled to more pain ahead before the ultimate anticipated market boom.

• Capital inflows into the crypto market have soared from $1.5 billion to $15 billion in just 10 days.

• BTC price must consistently close above $95k in the coming weeks to validate a rally beyond $100k.

After successfully breaking out of a falling wedge pattern, Bitcoin (BTC) price has closed the past two weeks in a bullish outlook. The flagship coin has gradually gained bullish momentum, and is now on the cusp of recording the first bullish month since the second inauguration of U.S. President Donald Trump.

However, the BTC price has been consolidating  between $93k and $95.5k in the past seven days, as the upper border proves to be a hard nut shell. Nevertheless, the fear of further crypto capitulation has significantly diminished as shown by BTC fear and greed index that surged to 56 percent, signaling greed, on April 30, 2025 during the mid-North American trading session.

Bitcoin Accumulation on the Rise

Bitcoin price has experienced bullish sentiment in the past few weeks, catalyzed by the rising demand from institutional investors and nation states. According to market data from Glassnode, capital inflows into the crypto market surged from $1.5 billion to $15 billion in the past 10 days.

The U.S. spot BTC ETFs have recorded a net cash inflow of about 6,900 Bitcoins so far this week. According to glassnode’s BTC accumulation trend score, whale investors have been actively accumulating in anticipation of a bullish breakout ahead.

What Next?

From a technical analysis standpoint, BTC price has kickstarted a fresh bull rally towards the much anticipated parabolic rally ahead. According to crypto analyst Ali Martinez, BTC price must consistently close above $95,870 to rally towards the next target of about $114,230.

However, a retrace below $93k will trigger a potential correction towards $88k in the coming weeks, before a liftoff towards its all-time high.

The post Bitcoin Price Analysis: Sucker’s Rally or Major Boom Ahead? appeared first on Coinpedia Fintech News
U.S. President Donald Trump has signaled to more pain ahead before the ultimate anticipated market boom. Capital inflows into the crypto market have soared from $1.5 billion to $15 billion in just 10 days. BTC price must consistently close above $95k in the coming weeks to validate a rally beyond $100k. After successfully breaking out …

The post Breaking: Circle Rejected Ripple Takeover Bid of $4-5B appeared first on Coinpedia Fintech News

• Circle ostensibly turned down the offer since it was too low based on its market value and prospects.

• Ripple is keen to expand its recently launched RLUSD to compete with Tether USDT among others.

Ripple Labs proposed to takeover Circle Internet Group Inc. for $4 billion to $5 billion. According to people familiar with the matter, Circle, the second largest stablecoin issuer, turned down the offer and termed it as too low. 

Meanwhile, Ripple has not yet made another move but remains interested in acquiring Circle. Moreover, Circle’s USDC has penetrated global web3 markets to hit a market cap of about $61.6 billion and a 24 hour average trading volume of about $6.9 billion.

“We do not comment on market rumors. As we are currently in a quiet period with the U.S. SEC, we cannot comment further on our corporate financial plans. Our long-term goals remain the same,” Circle’s spokesperson told Bloomberg.

Top Reasons Why Ripple Eyes Circle

Circle’s market complexities 

Earlier in April, Circle filed for an initial public offering (IPO) with the U.S. SEC, with the aim of listing on NYSE under ticker CRCL. While Circle’s revenue grew by 16 percent to $1.7 billion YoY, the company’s net income and EBITDA fell sharply.

The company has attributed the decline in net income to increased partner costs, service discontinuation, in addition to operational expenses. For instance, the company has reported an increase in distribution and transaction costs from higher fees on its partners led by Coinbase Global. 

Future growth prospects for RLUSD

Ripple Labs recently launched RLUSD to help streamline its cross-border payments system, which includes backing up XRP adoption. However, the company has faced intense competition from existing stablecoins led by Tether USDT.

Additionally, RLUSD has experienced significant competition from similar products, such as USD1(USD1)by Donald Trump-backed World Liberty Financial that has already surpassed $2 billion in market cap.

The post Breaking: Circle Rejected Ripple Takeover Bid of $4-5B appeared first on Coinpedia Fintech News
Circle ostensibly turned down the offer since it was too low based on its market value and prospects. Ripple is keen to expand its recently launched RLUSD to compete with Tether USDT among others. Ripple Labs proposed to takeover Circle Internet Group Inc. for $4 billion to $5 billion. According to people familiar with the …

Citi Group’s April 2025 report “Digital Dollars” noted that the stablecoin market could grow to be a $1.6 trillion sector. If Ripple’s RLUSD captures even a meagre 10% of the $1.6 trillion stablecoin market, how will it impact XRP price?

Despite Ripple being a new entrant to the stablecoin sector, RLUSD market capitalization has grown to a staggering $300 million since its launch in December 2024. XRP token is a bridge currency that helps transfer value from RLUSD to another currency like the US dollar, Yen, Euro, etc.  Hence, if RLUSD manages to capture 10% of $1.6 trillion, aka, $160 billion, it could most definitely have a positive impact on XRP price.

Ripple price today trades around $2.16, dropping 5.2% in the past 24 hours.

XRP Price Reaction if Ripple’s RLUSD Captures 10% of $1.6 Trillion Stablecoin Market?

Citigroup, a top American bank, published a report on how the stablecoin market could grow to be a $1.6 trillion sector by 2030. This estimate is a 556% surge from the current level of $244 billion. The current stablecoin market is dominated by the likes of Tether (USDT) and USD Coin (USDC), which are likely to maintain their dominance.  However, newer stablecoins like Ripple USD (RLUSD) could gain ground after Trump’s endorsement of USA cryptocurrencies.  Although RLUSD was launched in December, it has already hit $300 million in market cap.

Unlike USDT, USDC and other stablecoins, the connection between XRP & RLUSD is something interesting. XRP is used as a bridge currency when a user wants to send RLUSD across borders, which will include conversion of RLUSD to XRP and XRP to the required currency, like EUR, GBP, YEN, and so on.

To be precise, if RLUSD market cap hits $160 billion, a 53,000% increase from the current level of $300 million, its daily volume would also spike from $50 million to roughly $26 billion. Let’s assume three scenarios to determine the price impact on XRP.

1. If 10% of the daily RLUSD volume is bridged via XRP: The token’s volume would triple to $4.5 billion from an average of $1.5 billion. The impact of this could push XRP price up between 50% to 200%, i.e., XRP price could hit $3.24 to $6.48.
2. If 25% of RLUSD volume is bridged via XRP: The token’s volume would hit $8 billion per day and XRP price could shoot up to a range of $6.48 to $10.80.
3. If 50% of RLUSD volume is bridged via XRP: XRP’s daily volume could reach a staggering $15 billion. In such a case, the FOMO and frenzy could cause XRP price to hit $10.80 to $21.60.

To conclude, if Ripple’s RLUSD captures 10% of the $1.6 trillion stablecoin market, it could push the XRP price to reach $6 to $12. The token could reach the $12 to $20 range in a highly bullish case.

Such an increase would impact the Ripple price in various ways. First, it would help Ripple to achieve its goal of taking market share from the SWIFT network. Second, it would also boost the network activity and fees of the XRP Ledger network. Further, the RLUSD growth would help to boost the XRP price and the burn rate, and boost its deflationary goals since part of the fees are incinerated

Ripple Price Short-Term Prediction: Extremely Bullish Above $3.4

The long-term XRP price forecast is bullish, with some analysts predicting that it will rise as high as $15. The growth of its ecosystem, especially RLUSD, will help to supercharge this growth.

The weekly chart paints a long-term bullish outlook for Ripple. It formed a cup-and-handle-like chart pattern with the upper side at $1.9822. It has retested the upper side of this pattern, pointing to a continuation ahead.

XRP has remained above the 50-week moving average, which has provided crucial support in the past few months. Therefore, although it’s too early to predict, there is a likelihood that the coin will continue to soar in the near term. Further gains will be confirmed if the coin rises above its year-to-date high of $3.40. Such a move will boost the XRP price forecast to $5.

A drop below the key support at $1.6075 will invalidate the bullish view of Ripple price. This invalidation point is the lowest level this week and also along the 50-week moving average. A drop below that level will point to more downside, potentially to $1.

The post XRP Price Impact if RLUSD Captures 10% of Citi’s 1.6T Stablecoin Market Forecast appeared first on CoinGape.

Cryptocurrency exchange Coinbase has filed an amicus brief with the United States Supreme Court. The brief is based on a case challenging the Internal Revenue Service’s authority to collect customer data from cryptocurrency platforms without a warrant. Coinbase Chief Legal Officer Paul Grewal announced the filing on X. He also urged the court to “right the wrong” of the third-party doctrine.

Coinbase pushed back IRS’s request of 500k user data

In its amicus brief filed Wednesday, Coinbase argues that the IRS action “invaded a sphere in which over 14,000 Americans had a reasonable expectation of privacy against a warrantless IRS trawl for extensive personal and financial information.” In addition, the top cryptocurrency exchange notes that the government’s position could effectively eliminate privacy protections for blockchain users.

The Supreme Court case stems from a confrontation that began in 2017 when the IRS issued what’s known as a “John Doe summons” to Coinbase. They sought financial data for more than 500,000 customers. Additionally, the Trump administration made this request as part of the tax agency’s efforts to ensure cryptocurrency users were properly reporting and paying taxes on their transactions.

Coinbase also actively contested the IRS’s request, which Grewal described as a “fishing expedition.” Through court battles, the exchange managed to substantially narrow the scope of the data it was ultimately compelled to provide to the IRS.

The third-party doctrine says that any time you voluntarily share info with a third party you have no reasonable expectation of privacy whatsoever. Today @coinbase filed an amicus brief with the US Supreme Court to right this wrong. 1/3

— paulgrewal.eth (@iampaulgrewal) April 30, 2025

James Harper, a Bitcoin researcher, lawyer, and fellow at the American Enterprise Institute, started the current Supreme Court case. In 2020, Harper filed a lawsuit against the IRS and challenged the agency’s authority to demand his financial records without a warrant. His case has now made its way to the nation’s highest court.

The exchange challenges the third-party doctrine’s application to crypto

The key point of Coinbase’s legal argument is a fundamental challenge to the “third-party doctrine,” a legal principle that the Department of Justice has cited in defending the IRS actions. Under this doctrine, “a person lacks a reasonable expectation of privacy in information voluntarily provided to a third party, including bank records pertaining to him,” according to the DOJ’s position.

Coinbase’s Grewal explained the exchange’s opposition to this principle in a tweet thread announcing the brief filing. The third-party doctrine says that if you knowingly provide information to a third party, you can’t reasonably expect privacy. Grewal responds that this is too general an opinion and does not acknowledge the new digital age.

The exchange’s letter calls on the Supreme Court to act to make clear that the third-party doctrine does not permit the IRS to perform dragnet searches. Importantly, Coinbase makes clear that its stance goes far beyond cryptocurrency. In addition, as it asserts its dedication to tax compliance, Coinbase demands government requests that are “narrow and tailored” and are not blanket exercises in data collection.

The move by Coinbase comes amidst other notable activities in the crypto space. A US court recently vacated its decision against Tornado Cash. Grewal also congratulated Tornado Cash’s achievement and appreciated the court’s consideration after this win.

The post Coinbase Files Amicus Brief Urging Supreme Court to End IRS Crypto Surveillance appeared first on CoinGape.

Sui price went parabolic in April as meme coins in its ecosystem soared. It more than doubled from its lowest level on April 7 and its highest swing last week. These gains may get undone soon as the network nears a giant token unlock worth $296 million on May 1.

$296M SUI Tokens to Flood Ahead of May 1 Unlock Event

The value of Sui may come under selling pressure in the next few days as the network unlocks 88.34 million tokens worth $296 million on May 1. This token unlock is part of its monthly unlock, when it releases over 50 million tokens as part of its vesting schedule.

Most of the unlocked tokens will go to Series B investors, who will receive 19.32 million of them. 14 million of these tokens will be allocated towards staked subsidies, while the remaining tokens will be distributed to early contributors and Mysten Lab Treasuries.

Sui holders will continue being diluted for many years as the circulating supply is 3.24 billion against a total supply of 10 million. As the chart below illustrates, the last Sui token unlock is scheduled to occur in May 2030.

A token unlock is a situation where new coins are brought in the market as part of the vesting schedule. It is often seen as a bearish thing since it introduces new supply in the market, which may affect price when there is no equal demand.

However, tokens don’t always drop ahead or after a unlock since the vesting schedule is usually publicly available. This means that investors have already priced in the future unlocks. For example, TRUMP price jumped after a $300 million token unlock earlier this month.

Sui Price Prediction & Top Down Analysis

Sui Token Price Weekly Analysis

The weekly chart shows that the Sui token reached a high of $3.8690 this month. These gains happened last week as Bitcoin and most altcoins jumped.

There are signs that the momentum is waning as the coin has pulled back this week. It is also slowly forming an evening star candlestick pattern. A small body and upper and lower shadows characterize this pattern. Since this is a weekly chart, it will be confirmed if it ends the week around the $3.5 range.

More selling pressure, because of the token unlocks, may see the coin drop to a low of $2.3436, the highest swing in October last year. A weekly close above the high of $3.8690 will invalidate the evening star candle and point to a Sui price forecast. Such a move would signal more gains, potentially to the psychological point at $5.

Sui Coin Price 4-Hour Chart Analysis

The four-hour chart paints a more dire picture of the Sui price. That’s because it formed what looks like a double-top pattern at $3.811. It has now moved slightly below the crucial support at $3.4120.

Oscillators also show that it is losing momentum. The Relative Strength Index has moved below 50, while the Awesome Oscillator (AO) bars are about to move below the zero line. A bearish momentum is often confirmed when the RSI drops below 50, and when the AO crashes below zero.

Therefore, this chart means that the Sui coin price may drop by at least 20% in the near term to $2.7377.

 

Summary

Sui has become one of the top chains in the crypto industry, gaining market share in an industry like decentralized finance (DeFi). While the long-term bullish trend may remain, the value of Sui may drop further in the immediate short term.

The post SUI Price Eyes 20% Crash Ahead of $296M Token Unlocks appeared first on CoinGape.

ZachXBT, an on-chain investigator, revealed the identity of a victim involved in a massive Bitcoin theft in the United States. The stolen funds, totalling 3,520 BTC (approximately $330 million), were transferred from the victim’s wallet to a different address.

$330 Million Bitcoin TheftVictim Identified

ZachXBT confirmed that the victim of this theft was an elderly individual residing in the U.S. From the investigations’ perspective, the theft was related to social engineering. This type of crypto scam includes deceptive practices that are a form of fraud like emails or phone calls with the aim of obtaining personal and confidential information from the target.

The victim’s Bitcoin was moved from a wallet that was holding a substantial amount of cryptocurrency.

The attackers specifically targeted this individual, who seems unaware of the sophisticated methods they employed. ZachXBT expressed concern about how the attackers were able to access the victim’s private information, given the advanced nature of the scam.

Social Engineering Theft Details

Social engineering scams are another form of danger in the cryptocurrency space since people make victims give the scammers direct access to their digital wallets. This probably is what happened to the elderly victim in this case, which includes schemes that may involve email fraud to phone scams. This type of scams target the victims and take advantage of their familiarity with the technology making it quite difficult to spot them until when they are already operating.

On-chain investigator ZachXBT also pointed out that the attackers transferred the funds in a suspicious manner and immediately moved them.

They traded the Bitcoins on over six platforms before exchanging them for Monero, a privacy coin that makes it difficult to trace transactions. These series of moves were suspicious more especially because it came close on the heel of a sharp increase in the price of XMR.

Investigation and Ongoing Concerns

The investigation into the theft is ongoing, and ZachXBT has been closely monitoring the situation. He pointed out that the BTC involved in the theft had originated from sources that were “interesting,” raising questions about the initial acquisition of the funds. The laundering and conversion of the funds to XMR point to an effort to conceal the origin of the stolen cryptocurrency.

Despite the increase in phishing attacks in the crypto space, the volume of this theft puts it among the largest in the last few months. The loss includes one of the biggest single losses in the history of Bitcoin thefts, both in terms of quantity and monetary value.

This theft occurs against the background of growing concerns about the safety of digital assets and the prevalence of such frauds in the crypto space. This year alone, the losses to this industry have reached to millions of dollars despite US Secret Service, with Canadian authorities, disrupting over $4.3M Ethereum phishing scam. Meanwhile, Immunefi, a platform specializing in web3 bug bounties and security services, claims that thieves have stolen over $92m worth of crypto this month alone.

The post ZachXBT Reveals Identity of $330 Million Bitcoin Theft Victim in US appeared first on CoinGape.