Cardano daily transactions have reached a peak of 50,000, buoyed by glowing fundamentals, including the prospects of an ADA ETF. ADA price surging from the fallout of positive on-chain metrics, with traders keeping their eyes peeled for a potential price breakout. Daily Transactions Reach 50,000 Driven By ADA ETF Prospects According to an X post from TapTools, daily transactions on Cardano have surged 50,000 from their previous lows. At the start of May, daily transactions were under 30,000, but numbers steadily climbed to set a new monthly high. Cardano transaction volumes are also pulling in impressive numbers, soaring to $684.6 million over the last day. The metrics around the network have seen Cardano price gain nearly 8% since the start of May. JUST IN: Daily Cardano $ADA transactions have climbed from ~30,000 to nearly 50,000 since the start of May. pic.twitter.com/MkDBkizB34 — TapTools (@TapTools) May 27, 2025 In the push… Read More at Coingape.com
Bitcoin has posted seven consecutive weeks of gains, pushing its price above $100,000. However, new signals suggest this bullish streak might soon end.
Identifying the precise moment of a price reversal is challenging. However, certain signs may indicate rising risks, particularly for investors who have not established strong positions yet.
Two Signs Indicate Profit-Taking May End the 7-Week Rally
The first notable sign is that wallets with large balances have stopped accumulating and have started distributing their coins.
Glassnode data confirms this trend. In May, the accumulation score for wallets holding over 10,000 BTC dropped from around 0.8 to below 0.5. This shift is visually represented by a change in color from blue to orange.
“The group of wallets holding the most BTC has started distributing,” Thuan Capital stated.
Bitcoin Trend Accumulation Score by Cohort. Source: Glassnode
Additionally, wallets between 1 BTC and 10,000 BTC show weaker accumulation behavior, as seen through gradually fading blue tones. Only wallets with less than 1 BTC are showing a clear shift from distribution to strong accumulation, triggered by Bitcoin reaching a new all-time high.
These data points reflect a profit-taking tendency among large investors. At the same time, smaller retail investors appear driven by FOMO (fear of missing out) as they chase short-term opportunities.
Another warning sign comes from Unspent Transaction Outputs (UTXOs). UTXOs are a technical mechanism that ensures each individual BTC can only be spent once on the blockchain. They also provide a way to evaluate unrealized profit across all unspent BTC.
Bitcoin Euphoria Phase at 99% UTXOs in Profit. Source: CryptoQuant
CryptoQuant data shows that when 99% of UTXOs are in profit, it usually signals a market overheating phase. Historically, such phases often precede price corrections. Whether the correction is short- or long-term, this signal still highlights a growing risk for buyers.
“Right now, it’s hard to say we’re in a euphoric phase. The broader macroeconomic context and the uncertainty surrounding the Trump administration’s policy direction make it difficult for investors to flip fully risk-on. When this 99% signal drops, unrealized profits shrink and can trigger more profit-taking and push latecomers to capitulate and sell at a loss,” analyst Darkfost said.
As of now, Bitcoin’s rally has paused around $108,000. There are no clear signs of a correction yet. BeInCrypto reports a strong wave of Bitcoin accumulation among corporations worldwide. Many experts remain optimistic about Bitcoin’s future price.
“A tidal wave of institutional demand is reshaping bitcoin’s market dynamics: Wealth‐management platforms poised to roll out access to bitcoin ETFs, corporate treasuries adding bitcoin to boost shareholder returns, and sovereigns diversifying reserves into bitcoin to hedge geopolitical risk. Together, these forces are creating a structural supply/demand imbalance—and over the next 18 months, bitcoin is set to cement its role as a global store of value,” Juan Leon, Senior Investment Strategist at Bitwise Asset Management, told BeInCrypto.
Therefore, while these short-term indicators could hint at a pullback from current highs, they don’t seem to affect analysts’ broader expectations for this year and next.
MANTRA – one of the most trusted real-world asset tokens – dropped by 95% in just a few hours. The sudden crash has left the crypto world stunned, with billions in value wiped out almost instantly. What went wrong? And could it happen again – with other major projects?
Now, popular crypto analyst Dr. Altcoin is sounding the alarm, urging the Pi Network team to take a hard look at what happened with Mantra and avoid walking the same path. Here’s what unfolded—and why the entire crypto space should be paying close attention.
OM Token Falls Hard
OM is the native token of the Mantra blockchain, which aims to bring real-world assets like houses and land onto the blockchain in digital form. It was considered a reliable project and had even reached the top 25 cryptocurrencies by market cap.
But things changed quickly. In just one hour, OM’s price dropped from $6.10 to $0.38. This crash erased over $6 billion in value, and many investors lost their life savings.
A Warning for Pi Network
Dr. Altcoin called this a serious warning for the entire crypto space. He specifically urged the Pi Core Team (PCT) to pay attention to what happened with Mantra OM and take steps to avoid a similar disaster.
He pointed out that Pi Network is now moving from its Open Network phase to the Open Mainnet—an important milestone that also brings more responsibility.
Dr. Altcoin stressed that before this big transition, the Pi team should speed up the development of safety measures. He also said that the team needs to be more transparent, have clear rules, and communicate openly with their community.
Mixed Reactions From the Pi Community
After Dr. Altcoin shared his views on X, many users responded. Some agreed with his warning, while others defended the Pi Core Team.
One user said Pi Network is not like other projects that pump and dump their coins. They believe the team is focused on building real value and growing the network step by step.
Another user pointed out that the Pi team has been quiet recently, but said this could be part of their plan. They believe the team is working hard behind the scenes and will speak when the time is right.
Do you think pi core team would want anything that will damage their reputation?
Pi coin is not pump and dump. They are still building utility and the network.
If Pi network play a rug game of massive dumping like that it will be removed from here first of: pic.twitter.com/eKjh8OsGF6
In crypto, trust can vanish fast – Mantra’s fall is proof that even the strongest hype can have weak foundations.
The post Wake Up Call? Analyst Warns Pi Network After Mantra Crypto Crash Erases $6B appeared first on Coinpedia Fintech News
The crypto industry was left stunned. MANTRA – one of the most trusted real-world asset tokens – dropped by 95% in just a few hours. The sudden crash has left the crypto world stunned, with billions in value wiped out almost instantly. What went wrong? And could it happen again – with other major projects? …
A recent Cambridge report confirms that the United States now leads global Bitcoin mining, prompting questions about how China will respond. Though the country has long held an anti-crypto stance, Chinese mining pools have historically controlled a substantial portion of the global Bitcoin hashrate.
The US’s current competitive edge and renewed hostility over trade policy might motivate China to recapitulate. BeInCrypto spoke with representatives from The Coin Bureau and Wanchain to understand what might encourage China to change its stance toward digital assets.
US Overtakes China as Top Bitcoin Mining Hub
The US has firmly established itself as the world’s largest Bitcoin mining hub. A recent Cambridge Centre for Alternative Finance (CCAF) report revealed that the US accounts for 75.4% of the reported hashrate.
Global distribution of Bitcoin mining activity. Source: CCAF.
This newest development confirms a notable reversal of power over Bitcoin mining dominance. China emerged as the world’s leading Bitcoin mining nation as early as 2017, leveraging its extensive mining infrastructure and low electricity costs to contribute upwards of 75% of the global hash rate at one point.
Yet, the country would later crack down on the industry.
China’s Crypto Crackdown
In 2019, the National Development and Reform Commission of China (NDRC) signaled its intention to prohibit cryptocurrency mining by releasing a draft law categorizing it as an “undesirable industry.”
Two years later, at least four Chinese provinces began shutting down mining operations. These crackdowns intensified amid concerns over excessive energy consumption.
However, China possesses a proven capacity to adjust to geopolitical shifts that could jeopardize its economic dominance, and the current environment may present such a challenge.
Has Bitcoin Mining in China Truly Stopped?
Even with China’s official stance toward crypto, mining activity has not stopped within the region. In July 2024, Bitcoin environmental impact analyst Daniel Batten reported that the hashrate within China currently accounts for approximately 15% of the global total.
7/8
Bottom lines: 1. 15%+ hashrate still comes from China
2. If you have 200-500 miners and want to do renewable-energy mining, you’re welcome
3. This is particularly in Inner Mongolia, the Texas of China, which has a lot of wasted renewable power they want to monetize pic.twitter.com/r6QUgmLmjT
“Despite the official ban, the infrastructure is already in place: from offshore mining to cross-border trading hubs. With more global momentum behind crypto adoption and the US taking the lead, China may find itself incentivized to lean in more strategically, even if unofficially,” Nic Puckrin, Co-founder of the Coin Bureau, told BeInCrypto.
China also has a geographical advantage over the United States, especially regarding technological advancements.
Crypto mining, especially for proof-of-work cryptocurrencies like Bitcoin, depends on Application-Specific Integrated Circuit (ASIC) equipment to handle the necessary complex calculations for validation and mining.
China’s position as a top exporter of crypto mining hardware, particularly to the US, gives it a potential advantage should it decide to revive its mining sector.
Puckrin believes that the combination of trade friction and the US’s invigorated push for crypto dominance might be sufficient to make China reconsider its position.
“It’s unlikely China will make a public U-turn on its crypto mining and trading ban anytime soon. However, with US-based miners accounting for higher and higher proportions of Bitcoin’s hashrate, China is bound to be paying attention and may well be quietly reassessing its stance,” Puckrin told BeInCrypto.
However, China has strategies beyond restarting its Bitcoin mining industry to undermine the United States’ dominance.
China’s Nuanced Approach Beyond US Influence
Even though China opposes the widespread use of cryptocurrencies domestically, it may still see value in digital assets to counterbalance the US dollar’s global currency dominance.
Several countries worldwide have either adopted or are considering central bank digital currencies (CBDCs) to strengthen their domestic currencies. China is at the forefront of these developments.
“Despite the ban on Bitcoin mining, China has actively participated in the digital asset space, through initiatives like CDBC research and the digital yuan, or e-CNY,” Wanchain CEO Temujin Louie told BeInCrypto.
In fact, China’s efforts to create a digital yuan are partly driven by its desire to de-dollarize its economy and lessen its dependence on the US dollar.
Louie also suggested that whatever move China makes, it won’t solely base its decision on what the US does or does not do.
That said, China’s decisions about digital currency will, in turn, affect how its position on crypto continues to develop.
“Weakening USD dominance, whether exacerbated or caused by President Trump’s approach to tariffs, may embolden China to be more aggressive in [its] efforts to internationalise the yuan, including the digital yuan, or e-CNY. Any change to China’s broader strategy will be reflected in [its] stance towards crypto,” he concluded.
China’s activity in other areas of international trade already proves how nuanced its policy changes tend to be.
Could China’s Conflicting Crypto Policies Signal a Change?
Aside from its appreciation of digital currencies like the e-CNY, China’s stance on crypto has already proven somewhat contradictory. These discrepancies may fuel the belief that the country might just be willing to revert—or at least soften—its total ban on mining.
A month ago, investment firm VanEck confirmed that China and Russia –two countries particularly burdened by US sanctions– are reportedly settling some of their energy trades using Bitcoin.
Russia and China are settling oil trades in BTC. I’ve heard first hand accounts of similar transactions with Venezuela. Full tankers are settled in BTC on the “grey” market. The U.S. Government crossed the Rubicon in 2022 by seizing Russian assets at the Federal Reserve and… pic.twitter.com/Y8OwJROw9W
“With the US dollar increasingly being used as a political lever –particularly in tariffed economies– other nations are actively exploring alternatives. Indeed, many countries around the world, including China and Russia, are already using Bitcoin as an alternative for trading in commodities and energy, for example. This trend is only going to accelerate as digital assets become a more prominent part of the global economy,” Puckrin told BeInCrypto.
According to Puckrin’s analysis of these indicators, China’s “shadow crypto economy” is projected to expand this year, which could result in a reassertion of its power. This resurgence would be primarily in response to de-dollarization efforts, rather than a reaction to US dominance in mining.
“We’ll likely see this activity ramping up in the near future, especially as more countries use crypto to bypass dollar-dominated systems,” he concluded.
It will remain crucial to interpret China’s intentions, especially regarding cryptocurrency, by observing its actions rather than relying solely on its official statements.
︎Norse god π (@ChineduEzeJr) 
