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Stablecoin USDM has confirmed its integration with Cardano’s Lace Wallet, bringing it one step closer to its goal of enhancing on-chain usability. The fiat-backed stablecoin is vying for position as the leading offering in anticipation of Cardano’s foray into Bitcoin DeFi. USDM Strikes Partnership With Lace Wallet, Braces For Bitcoin DeFi Cardano’s premier fiat-based stablecoin,
The post Cardano USDM Stablecoin Partners With Lace Wallet as Bitcoin DeFi Gains Momentum appeared first on CoinGape.
The post Kraken Exchange to List Cardano-based Memecoin Snek on April 28: SNEK Price Gains Over 16% appeared first on Coinpedia Fintech News
Kraken Exchange, a veteran U.S.-based cryptocurrency exchange with over 10 million global users, announced on Friday, April 25 that it will list Cardano (ADA)-based memecoin Snek (SNEK) next week. According to the announcement, deposits and withdrawals for SNEK on Kraken Exchange have been enabled ahead of the April 28 official listing.
Kraken announced that geographical restrictions will apply accordingly to SNEK trading. The listing of SNEK on Kraken is a huge milestone victory for the Cardano ecosystem, which has faced harsh criticism for low on-chain activity.
“Getting listed on Kraken is a huge achievement in itself but opening the door for tier 1 CEX listings for Cardano native tokens is incredible, this is not only a huge Win for Snek but a massive win for everyone building on $ADA,” X platform user EL noted.
Following the announcement, SNEK price rallied over 17 percent to trade at about $0.00357 at the time of this writing. As a result, the small-cap memecoin, with a fully diluted valuation of about $273 million and a 24-hour average trading volume of around $4.3 million, had gained more than 42 percent in the past seven days.
The resurgence of SNEK FOMO amid improving fundamentals will play a crucial role in its bullish outlook ahead. In the daily timeframe, SNEK price had already broken out of a falling wedge pattern and signaled bullish sentiment at the time of this writing.
Moreover, the daily MACD line had already crossed the zero line, amid the notable rally of the Relative Strength Index (RSI).
The post Kraken Exchange to List Cardano-based Memecoin Snek on April 28: SNEK Price Gains Over 16% appeared first on Coinpedia Fintech News
The listing of SNEK on Kraken is a massive gain for the wider Cardano ecosystem. With geographical restrictions in place, Kraken announced deposits and withdrawals of Snek are already enabled. SNEK price has consistently closed above a falling daily wedge pattern, signaling further bullish momentum. Kraken Exchange, a veteran U.S.-based cryptocurrency exchange with over 10 …
The post IRS Crypto Policy Leaders Step Down After Accepting “DOGE Exit Deals” appeared first on Coinpedia Fintech News
Seth Wilks and Raj Mukherjee, two key cryptocurrency policy leaders at the U.S. Internal Revenue Service (IRS), have resigned after accepting government-offered “DOGE Deferred Exit Deals.” Both joined the IRS in 2024 from the crypto industry, playing vital roles in shaping the agency’s crypto tax policies and developing the new 1099-DA tax form. Their departure marks a shift in leadership as the IRS continues to refine its approach to cryptocurrency taxation.
The post IRS Crypto Policy Leaders Step Down After Accepting “DOGE Exit Deals” appeared first on Coinpedia Fintech News
Seth Wilks and Raj Mukherjee, two key cryptocurrency policy leaders at the U.S. Internal Revenue Service (IRS), have resigned after accepting government-offered “DOGE Deferred Exit Deals.” Both joined the IRS in 2024 from the crypto industry, playing vital roles in shaping the agency’s crypto tax policies and developing the new 1099-DA tax form. Their departure …
After soaring nearly 70% in recent weeks, SUI has faced a swift correction, shedding 10% of its value over the past three days. Despite strong bullish momentum pushing the altcoin into the spotlight, the sudden pullback hasn’t rattled investors.
The broader outlook for SUI remains intact, with on-chain metrics and market indicators signaling that this drop may be nothing more than a cooldown.
The 50-day exponential moving average is on the verge of overtaking the 200-day EMA. This near-crossover suggests SUI could soon witness a golden cross — a strong technical signal indicating a shift in long-term momentum.
Should the crossover complete, it would mark the end of SUI’s death cross that began seven weeks ago.
Such a shift would likely encourage renewed buying pressure. A golden cross often precedes significant rallies, and with SUI’s price having gained nearly 70% prior to the recent drop, bullish sentiment appears far from fading.’
SUI’s relative strength index (RSI) recently breached the overbought threshold, triggering a cooldown as traders took profits. This RSI dip corresponded with the 10% price drop, signaling that the asset was temporarily overheated and needed to stabilize.
Despite the retreat, the RSI remains within bullish territory, hovering just below the overbought zone. This means that while the rally has paused, the overall trend remains intact, and further gains may be on the horizon if buying volume increases again.
At press time, SUI is trading at $3.16, having slipped below a key support level during the last 24 hours. The 10.77% decline stems from the altcoin’s failure to breach the $3.59 resistance level, compounded by a general market cooldown. Still, the correction is viewed by many traders as temporary.
The broader indicators continue to reflect bullish conditions. The nearing golden cross, resilient RSI, and strong upward momentum all hint that SUI could soon reclaim $3.16 as support. If momentum returns, the asset might retest $3.59 and potentially break past it, resuming its prior recovery path.
However, delays in recovery could change the script. Should SUI fail to reclaim $3.16 soon, the altcoin risks slipping further. A failure to breach $3.39 or secure support at $3.18 could send the price tumbling toward $2.77, potentially invalidating the bullish thesis and signaling a trend reversal.
The post SUI Price Remains Optimistic As 7-Week-Long Death Cross Nears End appeared first on BeInCrypto.