Will Donald Trump’s Crypto Push Be a Threat to Wall Street?

Will Donald Trump's Crypto Push Be a Threat to Wall Street?

President Donald Trump’s supportive stance on cryptocurrencies has ignited excitement throughout the industry, but it also raises concerns about the potential disruption to traditional finance. As the Trump administration welcomes cryptocurrencies, Silicon Valley is poised to play a more significant role in finance, which could profoundly impact Wall Street.

Notably, the members of Congress are proposing to establish a regulatory framework for stablecoins. This move could lead to stablecoins competing with bank deposits, potentially disrupting traditional finance. Let’s unveil the impact of these possible developments on the Wall Street giants.

Trump’s Crypto Push Risks Wall Street

According to a recent Financial Times report, President Donald Trump’s pro-crypto stance may pose a significant risk to Wall Street, primarily due to the potential growth of stablecoins. This growth could lead to the expansion of Silicon Valley, potentially disrupting traditional finance.

Notably, the push for solid regulatory framework for stablecoins could significantly influence their growth. If stablecoins exhibit a stronger existence, it could lead to increased competition with bank deposits, making them a more attractive option for investors seeking alternatives to traditional banking.

Silicon Valley’s Expanded Role in Finance Challenges Wall Street

Significantly, the Congress-proposed legislation may pave the way for tech giants to issue their own stablecoins, revolutionizing the financial landscape. This development could enable social media networks and e-commerce platforms to accept deposit equivalents, transforming them into “everything apps.” This is creates an opportunity for them to compete directly with Wall Street’s business.

The Trump government’s other recent actions are also facilitating Silicon Valley’s further development. For instance, the Consumer Financial Protection Bureau (CFPB), a key regulator, has been weakened by significant job cuts. This hinders its ability to enforce new rules on Silicon Valley’s use of payment data and protect consumers from blockchain-related threats. The report stated,

Although Wall Street may not yet have woken up to the stablecoin challenge, it should be very worried about becoming another casualty of Silicon Valley disruption. Frankly, a lot of people believe traditional finance should be “disrupted”.

Previously, amid Trump’s memecoin frenzy, Wall Street giants were analyzing his crypto policies. While they anticipated Trump’s policies to bolster crypto investments, they also hoped to reap benefits from the growth.

Donald Trump Embraces Crypto: Global Impact

Since his 2024 election campaigns, Donald Trump has been actively supporting cryptocurrencies. This has created a positive sentiment across the global crypto market. His administration’s crypto-friendly stance and the recent announcement of a US Crypto Strategic Reserve have positioned the US to take the lead in the global crypto space.

However, the Congress’ stablecoin regulation proposal has sparked concerns over the destruction of traditional finance. As reported by Financial Times, Donald Trump’s crypto push may risk Wall Street.

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Why Crypto Market Is Up Today: Bullish Technicals & Market Catalysts

Why Crypto Market Is Up Today

The post Why Crypto Market Is Up Today: Bullish Technicals & Market Catalysts appeared first on Coinpedia Fintech News

The crypto market has rebounded after a recent dip. Currently, the total market cap of the cryptocurrency market stands at $2.96T. In the last 24 hours, the market has experienced a surge of 1.5%. During the period, almost all the top ten cryptos have seen growth. BTC has grown by 2.7%, ETH by 1.6%, XRP by 3.2%, SOL by 3.2% and DOGE by 2.9%. The big question is: what has triggered this rebound? Let’s dive into the key reasons behind this price surge. 

Trump’s Tariff Delay Sparks Market Optimism 

Earlier, US President Donald Trump



President

announced a 25% tariff on auto imports from Canada and Mexico. The move created havoc in the global economy. It even affected the crypto industry as well.  It was feared that the development could push the Northern American region into a severe trade war.

Yesterday, a temporary solution was made in the issue, as Trump agreed to a 30-day delay in the implementation of the tariff plan. 

The decision was the final outcome of a series of discussions conducted with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum by Trump. 

The temporary halt in the implementation of the plan has averted immediate trade disruptions, and, thus, considerably lowered macroeconomic pressure. Experts opine that this development has positively influenced the crypto market

Stock Market Gains Add to Crypto Rally 

Yesterday, the US market reported a rise of around 1.05%. The S&P 500 index surged from $5,781.50 to $5,842.62. 

The crypto market, even crypto stocks, have benefited from this positive momentum in the US stock landscape.

Yesterday, the MicroStrategy stock price climbed from $277.54 to $308.55, marking a notable rise of 11.17%

On the same day, the stock price of Coinbase Global grew from $214.64 to $222.45, recording a surge of 3.63%

Weaker US Dollar and Interest Rate Speculation 

In the last four days, the US Dollar index has declined by 3.21%. A weaker dollar can signal concerns about the US economy’s health. It can lead to higher import prices, potentially fueling inflation. 

If the dollar is falling, and that fall is contributing to inflation, the US Fed may adjust interest rates. Reports say that there is a 52% probability for a Fed rate cut in June 2025. 

Lower interest rates can encourage investors to seek higher returns in riskier assets, such as cryptos.

It is fair to assume that the drop in the DXY index reading and speculations regarding the June interest rate cut have influenced the crypto market positively. 

Technical Indicators Point to a Bullish Breakout 

Currently, the total market cap of the crypto market stands at $2.96T. The 200-day SMA of the market stands at $2.79T, the 100-day SMA at 3.28T and the 50-day SMA at 3.19T. 

Recently, the market rebounded from the 200-day SMA line – which acts as a strong support. Now, it remains at least 5.74% above the support.  

The 100-day SMA and 50-day SMA now act as resistant levels. If it breaks above the range of $3.19T and $3.28T, the market could see a strong bullish rally. 

The RSI of the market is at 47.58. This also suggests that there is enough room for the market to grow further. 

In conclusion, the crypto market is showing strength, with key technical levels in focus. If the trend continues, a bullish breakout could be on the horizon. 

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

The post Why Crypto Market Is Up Today: Bullish Technicals & Market Catalysts appeared first on Coinpedia Fintech News
The crypto market has rebounded after a recent dip. Currently, the total market cap of the cryptocurrency market stands at $2.96T. In the last 24 hours, the market has experienced a surge of 1.5%. During the period, almost all the top ten cryptos have seen growth. BTC has grown by 2.7%, ETH by 1.6%, XRP …

Dogecoin Popularity Echoes Skyren DAO’s Rise in Bitcoin Bull Market

skyren-dao

The post Dogecoin Popularity Echoes Skyren DAO’s Rise in Bitcoin Bull Market appeared first on Coinpedia Fintech News

The cryptocurrency market has always been a place for bold moves and unprecedented success stories. In recent years, two names have captured the spotlight: Dogecoin, a coin that started as a joke but rose to fame thanks to its passionate community, and Skyren DAO, a decentralized airdrop collection platform that has quickly gained momentum. As the next Bitcoin bull market approaches, both projects stand out for different reasons, yet their rise echoes similar themes of community support, innovation, and market impact.

The Meteoric Rise of Dogecoin

Dogecoin’s journey has been remarkable. Launched as a lighthearted take on cryptocurrency, it quickly gained a cult following with its Shiba Inu mascot and the viral “Doge” meme. However, Dogecoin’s success goes beyond its fun image; it has established itself as a staple of the crypto world.

Dogecoin’s value surged in 2021, driven by support from high-profile figures like Elon Musk, who called it the “people’s crypto.” This endorsement, combined with the strong Dogecoin community, propelled it to new heights. Despite its meme origins, Dogecoin has found real-world applications in tipping creators and enabling microtransactions due to its low fees and fast transaction times.

Skyren DAO: A New Approach to Decentralized Finance

Skyren DAO offers a different vision for the crypto market. As the world’s first airdrop collection DAO, Skyren focuses on providing its token holders with passive income opportunities by collecting and distributing airdrops from multiple blockchain projects. The project emphasizes transparency, decentralization, and financial rewards.

What makes Skyren DAO stand out?

  • Airdrop Collection: Holders of the SKYRN token automatically qualify for airdrops from partner projects.
  • High APY Returns: Skyren anticipates an average return of 216% APY with all earning events included.
  • DAO Governance: Token holders have a voice in key decisions, ensuring transparency and a community-driven approach.
  • Automated Income: The platform leverages smart contracts to automate income distribution.

Skyren DAO’s presale Phase 5 is currently live, with the price at $0.048 per SKYRN token, set to increase to $0.052 in the next phase. With a total of 5,000,000 tokens available and a projected launch price of $0.16, early investors are positioning themselves for significant potential returns.

skyren-dao

Audits from Cyberscope and Solidproof demonstrate the platform’s commitment to security and transparency.

What Crypto Enthusiasts Are Saying About Skyren DAO

Skyren DAO has generated positive attention in the crypto community, with influencers and analysts praising its innovative approach. For example, Crypto Chino has highlighted the project’s focus on airdrop rewards and DAO governance, showcasing it as a unique and promising opportunity in the rapidly evolving DeFi space.

skyren

In addition, Skyren’s dedication to security and transparency is backed by multiple audits, ensuring investor confidence and trust.

Dogecoin and Skyren DAO: A Tale of Two Crypto Success Stories

Dogecoin and Skyren DAO may have different origins and approaches, but both projects showcase the power of community and innovation in the crypto market. While Dogecoin has captured hearts with its playful image and accessibility, Skyren DAO has carved a niche for itself by focusing on airdrop rewards and decentralized governance.

As the next Bitcoin bull market approaches, these two projects offer unique opportunities for investors seeking growth, rewards, and financial empowerment.

Phase 5 is live! Secure your SKYRN before prices rise!

Stay Connected with Skyren DAO:

The post Dogecoin Popularity Echoes Skyren DAO’s Rise in Bitcoin Bull Market appeared first on Coinpedia Fintech News
The cryptocurrency market has always been a place for bold moves and unprecedented success stories. In recent years, two names have captured the spotlight: Dogecoin, a coin that started as a joke but rose to fame thanks to its passionate community, and Skyren DAO, a decentralized airdrop collection platform that has quickly gained momentum. As …

Shiba Inu Price Prediction 2025, 2026 – 2030: Will SHIB Price Hit $0.00005?

price-prediction-SHIBA-INu-SHIB-

The post Shiba Inu Price Prediction 2025, 2026 – 2030: Will SHIB Price Hit $0.00005? appeared first on Coinpedia Fintech News

Story Highlights

  • The live price of SHIB memecoin is  $ 0.00001355
  • SHIB token price could reach a maximum of $0.00006392 in 2025.
  • Shiba Inu price, with a potential surge, could go as high as $0.000321 by 2030.

With increasing volatility in the crypto market, the meme coins are expected to spearhead the next bull run in the altcoins. However, the second biggest meme coin, Shiba Inu, shows a volatile price range and massive movement on either side.

The ongoing price action brings us to the burning questions on every SHIB enthusiast’s mind: “Will Shiba Inu (SHIB) reach 1 cent?” or “Will Shiba Inu go up?” or “Is Shiba Inu a good investment?”

Furthermore, we’ve crafted a comprehensive Shiba Inu price prediction 2025, 2026 – 2030  to address these pressing queries.

Overview

Cryptocurrency Shiba Inu
Token SHIB
Price  $ 0.00001355 top gainer 2.69%
Market Cap  $ 7,983,788,781.1340
Trading Volume  $ 199,942,313.1117
Circulating Supply  589,253,552,062,151.7500
All-time High $0.00008845 Oct 28, 2021
All-time Low $0.0…08165 Sep 01, 2020

SHIB Price Prediction 2025

With increased adoption and the crypto market heading toward a new high, the memecoin market could witness a meteoric rise during 2025. Plus, the developer’s visionary developments coming to fruition, and Shiba Inu becoming a major player in the metaverse, could play a pivotal role in SHIB’s future price.

That being said, with an altcoin season, the price of SHIB could reach an annual high of $0.00006392. However, if the community drives the price with typical buying and selling pressures, SHIB could settle at an annual price of $0.0000201. 

On the other hand, if investors fail to keep up with the liquidity of the digital asset on exchanges, FUD and negative sentiments could lower the price to $0.0000201.

Year Potential Low Potential Average Potential High
2025 0.0000201 0.00004201 0.00006392

Also, read Dogecoin Price Prediction 2025, 2026 – 2030!

Shiba Inu Coin Targets 2026 – 2030

Year Potential Low ($) Potential Average ($) Potential High ($)
2026 0.0000286 0.00006312 0.00009784
2027 0.0000369 0.0000811 0.0001253
2028 0.0000417 0.0001060 0.0001703
2029 0.0000550 0.000132 0.000210
2030 0.0000680 0.000194 0.000321

Shiba Inu Price Prediction 2026

The price forecast of Shiba Inu for the year 2026 could range from $0.0000286 to $0.00009784, settling at an average of roughly $0.00006312.

Shiba Inu Coin Price Action 2027

Subsequently, the Shiba Inu 2027 Prediction indicates the price might oscillate between $0.0000369 to $0.0001253, averaging notably at approximately $0.0000811.

Shiba Inu Memecoin Price Forecast 2028

Furthermore, the SHIB Price for 2028 values between $0.0000417 and $0.0001703, converging around an average of $0.0001060.

SHIB Coin Price Targets 2029

Then, by 2029, CoinPedia’s SHIB Price envisions the coin’s value to lie between $0.0000550 to $0.000210, with a centered average of about $0.000132.

SHIB Coin Price Prediction 2030

Lastly, approaching 2030, the SHIB price could bounce between $0.0000680 to $0.000321, culminating at an average estimate of roughly $0.000194.

Shiba Inu (SHIB) Price Projection 2031, 2032, 2033, 2040, 2050

Year Potential Low ($) Potential Average ($) Potential High ($)
2031 0.0000935 0.000252 0.000411
2032 0.000116 0.000327 0.000539
2033 0.000159 0.000453 0.000748
2040 0.000569 0.000954 0.00134
2050 0.00176 0.00502 0.00829

Also, read Pepe Price Prediction 2025, 2026 – 2030!

Market Analysis

Firm Name 2025 2026 2030
Changelly $0.0000499 $0.0000739 $0.000323
coincodex $0.0000437 $0.0000259 $0.0000505
Binance $0.000024 $0.000026 $0.000031

*The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s Shiba Inu Price Prediction

As highlighted above, CoinPedia’s insight into Shiba Inu’s future remains bullish. Surprisingly, with the $0.00006000 breakout, SHIB might soar to promising highs of $0.00006392 during the upcoming altcoin season.

Conversely, on the downside, if this meme coin dives below the trendline, SHIB prices could plummet to a mere $0.0000201.

Additionally, we anticipate the SHIB price to carve a new pinnacle, reaching $0.00006392 in 2025.

Year Potential Low Potential Average Potential High
2025 0.0000201 0.00004201 0.00006392

Also, read Ethereum Price Prediction 2025, 2026 – 2030!

FAQs

How high will Shiba Inu go in 2025?

By 2025, our price prediction forecasts that the Shiba coin price could be worth $0.00006392. With a potential surge, the price may go as high as $0.000321 by 2030.

How much will Shiba be in 5 years?

As per the Shiba Inu price forecast, Shiba Inu’s price may trade at an average of $0.000210 for the year 2029.

Is Shiba Inu good for the future?

With the coming updates and strong community, Shiba Inu remains a strong candidate in the crypto world.

will Shiba Inu coin reach $1?

As per our current price forecast, Shiba Inu can be bullish for the coming years but the jump to $1 seems a stretch.

How high Shiba Inu can go?

If the impact of the last halving is anything to go by, Shiba (SHIB) could easily rally to over $0.00006392 in 2025.

Can Shiba Inu reach .001 cents?

Shiba Inu stands as one of history’s most explosive investment assets. Hitting the price of $0.0001 per token looks highly unlikely, but not impossible.

How much is Shiba Inu worth?

At the time of writing, the value of 1 SHIB memecoin was $0.00001359.

How much would the price of Shiba Inu be in 2040?

As per our latest SHIB price analysis, the Shiba Inu could reach a maximum price of $0.00134.

How much will the SHIB price be in 2050?

By 2050, a single Shiba Inu price could go as high as $0.00829.

The post Shiba Inu Price Prediction 2025, 2026 – 2030: Will SHIB Price Hit $0.00005? appeared first on Coinpedia Fintech News
Story Highlights The live price of SHIB memecoin is SHIB token price could reach a maximum of $0.00006392 in 2025. Shiba Inu price, with a potential surge, could go as high as $0.000321 by 2030. With increasing volatility in the crypto market, the meme coins are expected to spearhead the next bull run in the …

Dogecoin Price Prediction: Is DOGE at $2 Realistic as Cardano’s founder discusses making Dogecoin the currency of X (Twitter)

dogecoin-jetbolt

The post Dogecoin Price Prediction: Is DOGE at $2 Realistic as Cardano’s founder discusses making Dogecoin the currency of X (Twitter) appeared first on Coinpedia Fintech News

Dogecoin (DOGE) has had its fair share of ups and downs in the market. With Dogecoin still struggling around the $0.20 mark, many are left wondering if the $2 dream is still achievable. As the original meme coin struggles to reclaim its former glory, JetBolt (JBOLT) is quietly taking over the spotlight. With its unique features gaining remarkable traction, JetBolt’s groundbreaking innovations are becoming the talk of the crypto world. 

While Dogecoin attempts to regain its footing, the question remains—is Dogecoin’s $2 dream still alive? Or is it time for a new contender like JetBolt to take the market center stage? Let’s dive into Dogecoin’s latest price predictions, explore whether DOGE at $2 is realistic, and discuss the young crypto disruptor that shows no signs of stopping.

Dogecoin’s Future Path and the Hurdles: Is $2 Realistic for DOGE in 2025?

With its price lingering currently at $0.2155, far from its all-time high of $0.7376, the powerhouse meme coin Dogecoin (DOGE) has faced notable challenges in recent months. Even after a modest 9.33% increase in the last 24 hours, DOGE has struggled to maintain momentum enough to recover from an 18.93% decline over the past month.

Additionally, Dogecoin’s technical outlook is mixed, with crypto analysts noting that DOGE must hold above the $0.20 support level to avoid further losses. While some predict a slow recovery, with price targets of $0.50 to $0.82 by year-end, $2 seems increasingly unlikely—at least for now.

Furthermore, recent market conditions and macroeconomic factors, including inflation and liquidity constraints, have added to the pioneer meme coin’s challenges. Moreover, as whales continue to accumulate DOGE tokens, the overall market sentiment remains cautious, with many questioning whether the hype surrounding Dogecoin can drive it to new heights.

In recent news, Charles Hoskinson, the founder of Cardano, recently proposed a collaboration with Elon Musk to make Dogecoin the currency of X. If this ambitious partnership comes to fruition, it could dramatically impact Dogecoin’s future, possibly giving DOGE the boost it needs to reach new heights and solidify its place in the mainstream financial ecosystem.

Charles Hoskinson, Cardano founder, proposes to Elon Musk making Dogecoin the currency of X in an exciting post on X; posted by dogegod (@_dogegod_) on X
Charles Hoskinson, Cardano founder, proposes to Elon Musk making Dogecoin the currency of X in an exciting post on X; posted by dogegod (@_dogegod_) on X

As 2025 progresses, the real question remains: Can Dogecoin break out of its slump, or is the $2 target simply out of reach? While Dogecoin’s journey to $2 seems increasingly uncertain, its future remains tied to market sentiment and the strength of its community. On the other hand, JetBolt (JBOLT) is forging new ground with its groundbreaking presale, reeling in crypto whales with its zero-gas technology. 

JetBolt (JBOLT): The Zero-Gas Revolution That’s Disrupting older gen coins like DOGE

JetBolt (JBOLT) is an explosive force, racing ahead during its presale like a rocket fueled by innovation. With over 340 million JBOLT tokens already snapped up, this rising crypto superstar appears as a seismic shift in the blockchain space.

JetBolt’s zero-gas technology is eliminating the dreaded gas fees that have long plagued the crypto world while being powered by the Skale Network. On top of making transactions gas-free, this innovative technology is also creating a new frontier for developers.

But here’s where it gets even more exciting—JetBolt’s easy-to-earn staking mechanism is designed to make engagement as simple as a few clicks even for crypto beginners, thanks to its sleek Web3 wallet. What’s more, JetBolt takes a detour from the usual rewards earned just through staking tokens. Stakers also earn from actively engaging within JetBolt’s platform—transforming interactions into exciting crypto rewards.

On top of that, JetBolt’s AI-powered crypto tool aggregates blockchain news in a high-tech and entertaining feed, directly into the JetBolt platform.

As JetBolt skyrockets, its traction is increasing. The Alpha Boxes are a game-changer, granting up to 25% more JBOLT tokens on batch token purchase—perfect for supercharging token holdings right from the start. With daily price increases and an operational ecosystem already in place, JetBolt’s presale continues to fuel crypto whale and buyer excitement in the altcoins realm.

Final Take: Dogecoin’s $2 Dream Faces Hurdles as Cardano’s founder teases the idea of collaborating on making DOGE the currency of the X social media platform.

As Dogecoin (DOGE) struggles to maintain momentum above $0.20, its $2 dream seems further out of reach. Meanwhile, JetBolt’s (JBOLT) presale continues to captivate whale interest, with its zero-gas technology and growing ecosystem showcasing distinct innovation in today’s market. While Dogecoin’s future remains uncertain, JetBolt’s unmistakable momentum could signal a new era for the crypto space—one where users gravitate towards new technologies and younger names.

Discover more of JetBolt’s game-changing features at

Note that this content is not trading or financial advice. Remember, any and all cryptocurrencies are unpredictable, with market conditions changing without any notice. Don’t forget to do your own research before engaging with any crypto. Proceed with utmost caution and awareness of the risks—crypto’s volatile ride is not for everyone.

The post Dogecoin Price Prediction: Is DOGE at $2 Realistic as Cardano’s founder discusses making Dogecoin the currency of X (Twitter) appeared first on Coinpedia Fintech News
Dogecoin (DOGE) has had its fair share of ups and downs in the market. With Dogecoin still struggling around the $0.20 mark, many are left wondering if the $2 dream is still achievable. As the original meme coin struggles to reclaim its former glory, JetBolt (JBOLT) is quietly taking over the spotlight. With its unique …

Donald Trump’s WLFI Buys $10M Worth Of Ethereum Amid Market Drop

Donald Trump-backed World Liberty Financial Protocol Receives Largest $WLFI Investment From Tron DAO

The post Donald Trump’s WLFI Buys $10M Worth Of Ethereum Amid Market Drop appeared first on Coinpedia Fintech News

Donald Trump’s DeFi platform, World Liberty Financial (WLFI), has made a massive purchase by tripling its Ethereum (ETH) holdings, even as prices dropped below $2,000. Despite the market crash, WLFI continues to invest heavily in crypto, showing confidence in its long-term growth.

WLFI Tripled Ether Holdings In a Week

According to on-chain data from Lookonchain, WLFI recently transferred $25 million USDC into a newly created multi-signature wallet, signaling its intent to expand its crypto portfolio. The fund executed major purchases, including;

https://twitter.com/lookonchain/status/1897462956021137889
  • 4,468 ETH for $10 million at an average price of $2,238 per ETH.
  • 110.6 Wrapped Bitcoin (WBTC) for $10 million at $90,420 per BTC.
  • 3.42 million MOVE tokens for $1.5 million at $0.439 per token.

With about $3.5 million USDC still available, speculation is rising that WLFI could continue adding to its holdings soon.

Currently, ETH remains WLFI’s largest holding with $16.34 million, followed by $14.8 million in WBTC and $13.25 million in USDT stablecoins.

WLFI Faces Heavy Losses

Despite buying more crypto, WLFI is facing over $89 million in unrealized losses across nine tokens. This comes at a time when the crypto market is struggling due to big events like the $1.4 billion Bybit hack, the largest in crypto history, and other economic concerns.

While many investors are moving toward real-world assets (RWA) for safety, WLFI is taking a different path, believing in a long-term crypto comeback.

WLFI’s Crypto Fund Expands Strategy

WLFI’s recent investments come after launching its Macro Strategy fund, which focuses on Bitcoin, Ethereum, and selected altcoins. The goal is to build a strong and balanced crypto portfolio while exploring new opportunities in DeFi.

Meanwhile, speculation is growing that Trump’s family may launch “one or more giant businesses” on Ethereum and even hinted at the possibility of Ethereum being used in government operations noted by Ethereum co-founder Joseph Lubin. 

The post Donald Trump’s WLFI Buys $10M Worth Of Ethereum Amid Market Drop appeared first on Coinpedia Fintech News
Donald Trump’s DeFi platform, World Liberty Financial (WLFI), has made a massive purchase by tripling its Ethereum (ETH) holdings, even as prices dropped below $2,000. Despite the market crash, WLFI continues to invest heavily in crypto, showing confidence in its long-term growth. WLFI Tripled Ether Holdings In a Week According to on-chain data from Lookonchain, …

HBAR Jumps 20% on Nasdaq’s ETF Filing, Yet Key Indicators Suggest Caution

HBAR noted a 20% rally during Wednesday’s intraday trading session. This double-digit gain was fueled by Nasdaq’s filing of a 19b-4 form with the US Securities and Exchange Commission (SEC) to list and trade Grayscale’s spot HBAR exchange-traded fund (ETF). 

However, the rally appears to be losing momentum. Market indicators suggest that bearish sentiment is strengthening, putting HBAR at risk of losing recent gains. 

HBAR Faces Downward Pressure as Market Sentiment Turns Bearish

HBAR’s negative Balance of Power (BoP) reading indicates weakening buying pressure among its spot market participants. At press time, this indicator, which compares the strength of an asset’s bulls and bears, is below zero at -0.09.

HBAR BoP
HBAR Balance of Power. Source: TradingView

When an asset’s BoP is negative, its sellers exert more control over price action. This suggests weakening buying pressure in the HBAR market and hints at a potential continuation of the bearish momentum. 

Moreover, HBAR’s Long/Short ratio indicates an increasing dominance of short positions, confirming the bearish sentiment among its futures traders. As of this writing, this stands at 0.98.

HBAR Long/Short Ratio.
HBAR Long/Short Ratio. Source: Coinglass

The Long/Short ratio measures the proportion of long positions (bets on price increases) to short positions (bets on price declines) in the market. When the ratio is below 1, it indicates that short positions outnumber long positions. It highlights the bearish sentiment among HBAR holders and increases the downward pressure on its price.

HBAR’s Fate Hangs in the Balance

HBAR exchanges hands at $0.24 at press time. On the daily chart, it trades above support formed at $0.22. If bearish pressure gains momentum, this level may fail to hold. HBAR’s price could decline further to $0.17 if the bulls cannot defend this support level.

HBAR Price Analysis.
HBAR Price Analysis. Source: TradingView

Conversely, a positive shift in market sentiment could prevent this. If new demand trickles into the market, HBAR’s price could breach resistance at $0.26 and rally toward $0.31. 

The post HBAR Jumps 20% on Nasdaq’s ETF Filing, Yet Key Indicators Suggest Caution appeared first on BeInCrypto.

BioNexus Gene Lab Becomes First Nasdaq-Listed Company to Embrace Ethereum as Treasury Asset

BioNexus Gene Lab Corp, a Wyoming-based healthcare technology company, has become the first Nasdaq-listed company to adopt Ethereum (ETH) as its primary treasury asset. 

The announcement was made on March 5. It was accompanied by the release of a strategic whitepaper detailing the company’s rationale for prioritizing Ethereum over Bitcoin (BTC).

BioNexus Chooses Ethereum Over Bitcoin

The board-approved Ethereum treasury strategy positions BioNexus at the forefront of a growing trend of corporations integrating digital assets into their financial frameworks. Unlike Bitcoin, often hailed as a digital “store of value,” BioNexus is betting on Ethereum’s versatility as a programmable blockchain platform. 

“Ethereum offers high liquidity, utility, and stability compared to other digital assets, positioning BGLC as a leader in blockchain-integrated corporate finance,” CEO Sam Tan said.

The company’s whitepaper emphasizes the preference for Ethereum due to its broader utility, significant institutional adoption, and key features that make it ideal for corporate treasury management. 

Ethereum is widely used in decentralized finance (DeFi) and stablecoin transactions. This enables cost-effective cross-border payments. Its Proof-of-Stake (PoS) mechanism also offers staking rewards of 3-5% annually, turning ETH into an income-generating asset.

BioNexus also pointed to Ethereum’s institutional credibility. Major financial players like BlackRock, Grayscale, and Fidelity have embraced Ethereum. This lends it legitimacy, which the company believes will ensure its long-term viability. 

The whitepaper also touts Ethereum’s scalability. Upcoming upgrades like Pectra further bolster this. Additionally, Ethereum’s Layer-2 solutions further enhance its appeal for enterprise use by reducing costs.

With growing institutional adoption and real-world applications like tokenized assets and decentralized payments, the company believes Ethereum is set to lead the future of corporate finance.

“We believe Ethereum is more than a digital asset—it is a new financial paradigm. BGLC’s commitment to an Ethereum-first treasury strategy underscores our confidence in its stability, institutional growth, and transformative potential,” the whitepaper read.

Nonetheless, the move comes at a tumultuous time for Ethereum. ETH’s market performance has been shaky, with its value continuously declining since early December.

Ethereum Treasury
ETH Price Performance. Source: TradingView

Over the past month alone, ETH has shed 15.8% of its gains. At press time, it traded at $2,293. As per BeInCrypto data, this represented a slight appreciation of 3.3% over the past day.

Meanwhile, Ethereum ETFs have also majorly recorded outflows since February 20, with the exception of March 4. According to data from SoSo Value, on March 5, the total outflows were recorded at $63.3 million. The outflow was from Grayscale Ethereum Trust (ETHE). Furthermore, other ETFs saw no flows at all.

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Taiko Hosts First-Ever Based Rollup Summit to Promote Ethereum’s Permissionless Future

5 March 2025, San FranciscoTaiko, the first based rollup scaling Ethereum, is bringing together the brightest minds in Ethereum to discuss based rollups, the next phase in Ethereum scaling.

During Eth San Francisco week, this event will feature major cryptocurrency and Ethereum speakers, including Vitalik Buterin, co-founder of Ethereum, Professor Dan Boneh, ​Stanford University Cryptography Pioneer, and Tomas Stańczak, CEO of Netheremind and Co-Director of the Etherem Foundation.

“We are proud to be hosting this inaugural event at such a pivotal moment for Ethereum. The network has grown and developed significantly since its inception, and we are now entering a new phase of development. Being permissionless is no longer an option but rather is central to Ethereum’s long-term success. Based rollups are at the forefront of making a usable, permissionless, and adaptable Ethereum possible. The Based Rollup Summit represents the first dedicated gathering of those pioneering minds taking Ethereum even further,” said Joaquin Mendes, COO of Taiko.

The speaker list is filled with innovators building in the based rollup and scalability space, including Near Protocol, Netheremind, Succinct, Espreso Systems, Spire, and Puffer.

Those attending will be able to get up to speed with the based rollup ecosystem and experience full access to the Exploratorium’s exhibits, placing based rollups in the larger context of technological development.

Attendees can also expect to talk and interact with founders, developers, investors, and visionaries shaping the future of Layer 2 solutions, cryptocurrencies, and artificial intelligence. Teams including a16z, Near, Succint, Bankless, Puffer, Lubin, Fabric, Espresso Systems, L2IV, SNZ Holdings, Hashed, and Stanford Blockchain.

​”From developers to investors to founders to enthusiasts, the Based Rollup Summit is the opportunity to be part of a defining moment in the evolution of Ethereum scaling solutions,” said Mendes.

Join the discussions and networking here: Based Rollup Summit.

The post Taiko Hosts First-Ever Based Rollup Summit to Promote Ethereum’s Permissionless Future appeared first on BeInCrypto.

Why These Altcoins Are Trending Today — March 6

Trading activity has surged as the crypto market gears up for Friday’s White House Crypto Summit. Over the past 24 hours, the total crypto market cap has added $127 billion.

With renewed market interest, several altcoins are gaining investors’ attention today, including Ondo (ONDO), Toncoin (TON), and Bittensor (TAO).

Ondo (ONDO)

RWA-token ONDO is one of today’s trending altcoins. It trades at $1.16 at press time, noting a 15% uptick over the past 24 hours. 

On its daily chart, readings from its Elder-Ray Index reflect the bullis bias toward the altcoin. This indicator, which compares the strength of bulls against the bears, is above zero at 0.14. 

When an asset’s Elder-Ray Index is positive, its bulls control the market. This indicates that buying pressure is stronger than selling pressure among ONDO holders. It also hints at a potential uptrend continuation as demand pushes the price higher.

If demand continues to soar, ONDO’s price could rally past its immediate resistance at $1.23 to trade at $1.57.

ONDO Price Analysis.
ONDO Price Analysis. Source: TradingView

On the other hand, a resurgence in selloffs would invalidate this bullish projection. In that case, ONDO’s price could fall to $1.03.

Toncoin (TON)

Telegram-linked TON is another altcoin trending today. Interestingly, it has bucked the broader market uptrend to record a 0.14% price decline over the past day.

During this review period, its daily trading volume is also down 35%, reflecting the high selling pressure among TON holders.  When an asset’s price and trading volume drop simultaneously, it suggests weakening market interest and reduced participation from buyers and sellers. 

The trend indicates a loss of momentum in the TON market and hints at more price dips if demand continues to decline. In this scenario, the altcoin’s price could plummet to $2.82. If the bulls cannot defend this level, its price could drop to $2.18.

TON Price Analysis
TON Price Analysis. Source: TradingView

However, if sentiment becomes bullish and TON demand rockets, its price could reach $3.63. 

Bittensor (TAO)

The leading artificial intelligence-based token, TAO, is among today’s most searched altcoins. Amid the general market uptick, its value has also dropped by 1%.

At press time, TAO trades at $289.70, significantly below its Super Trend indicator, which forms dynamic resistance above its price at $414.10. 

This indicator measures the direction and strength of an asset’s price trend. It appears as a line on the price chart, changing color based on the current market trend. When green, the market is in an uptrend, while red signals a downtrend.

As with TAO, when an asset’s price trades below the red line of its Super Trend indicator, it is in a bearish trend. This signals that selloffs outweigh buying activity among its market participants. If this continues, TAO’s price could fall to $234.

TAO Price Analysis
TAO Price Analysis. Source: TradingView

Conversely, if buyers regain market dominance, they could push TAO’s price toward $349.

The post Why These Altcoins Are Trending Today — March 6 appeared first on BeInCrypto.