Category: News

Yesterday, El Salvador’s National Commission of Digital Assets (CNAD) met with staff members from the SEC’s Crypto Task Force. They sketched out plans for a cross-border “regulatory sandbox” for crypto.

This plan involves two pilot programs, each costing less than $10,000, where a US-based broker would partner with a Salvadoran tokenization firm. The plan is tailored to give data on the Task Force’s top regulatory priorities.

Will El Salvador Partner with The SEC?

The SEC’s meeting with CNAD discussed plans for El Salvador, as recorded in a log on the Commission’s site. In the meeting, the parties explicitly discussed priorities in line with Commissioner Hester Peirce’s initial statement announcing the Crypto Task Force.

Of four stated goals, the notion of a “cross-border sandbox” was listed first.

“This initiative offers the SEC Crypto Task Force a live, real-world case study to evaluate streamlined regulatory approaches for digital assets—an opportunity to observe and refine frameworks that could enhance US market innovation. A key lesson from El Salvador’s experience is the transformative potential of tokenization, particularly in real estate,” it claimed.

This sandbox will take the form of a pilot program with two scenarios, each costing $10,000 or less.

In Scenario 1, a US-based real estate broker will partner with a Salvadoran tokenization firm. They will enable investors to purchase tokenized shares of a piece of property.

Scenario 2 tests these firms’ ability to raise capital by selling tokenized shares, using this capital to actually launch a project. It doesn’t specify the project in question, but this scenario doesn’t mention real estate in any capacity.

Both these endeavors will give the SEC valuable data on joint business ventures in El Salvador.

Representatives from El Salvador and the SEC were joined by Erica Perkin, a lawyer specializing in digital asset consulting, and Heather Shemilt, a former partner at Goldman Sachs.

According to the document, participants discussed these proposals, but it doesn’t seem like they actually reached a binding agreement.

The Task Force only sent some of its staff to this meeting, no Commissioners were actually present. Still, this partnership with El Salvador could give the SEC a lot of useful insights.

This plan offers a low-cost way to gather hard data on half of the Task Force’s highest priorities, which seems like a valuable opportunity.

The post SEC Crypto Task Force Explores Cross-Border Regulation With El Salvador appeared first on BeInCrypto.

Russia’s Ministry of Finance and Central Bank are teaming up to launch a centralized crypto exchange. This comes after successive attempts to force other exchanges out of the country.

This is just one step in Russia’s recent efforts to promote cryptocurrency as a tool to evade sanctions. Its government and business community have been espousing the practice, and Russia is considering a ruble-backed stablecoin.

Russia to Launch a Government-Backed Crypto Exchange

According to a report from local media, Russia’s government institutions have big plans for this centralized exchange. Initially, it will only be open to “super-qualified” investors.

This refers to investors who have 100 million rubles ($1.2 million) in securities and deposits or 50 million ($600,000) in annual income. These requirements are not final and may be changed after launch.

Anton Siluanov, Russia’s Minister of Finance, described the plan:

“Together with the Central Bank, we will launch a crypto exchange for super-qualified investors. Crypto assets will be legalized, and crypto operations will be brought out of the shadows. Naturally, not within our country, but those operations that have been carried out today within the framework of the experimental legal regime,” he said.

This exchange is part of Russia’s response to an international crypto crackdown. Specifically, private firms are being forced to leave the country.

Last month, Garantex, a Russian exchange, lost $28 million in assets when Tether froze them after US sanctions. The month prior, Deribit also left the country after sanctions from the EU.

Siluanov announced last December that the Russian government would use cryptocurrency to evade international sanctions, and private firms have embraced the practice.

At the last BRICS Summit, Russia advocated for this policy on the international stage, and it’s considering a Ruble-backed stablecoin.

By creating this exchange, Russia will have a platform to further intensify its crypto-based activities. According to the report, these “super investors” will be able to directly trade in cryptoassets, while retail traders will be restricted to various derivatives. This ties in with a recent three-year plan to test regulated crypto markets.

Russia’s crypto exchange is set to launch this year, but the government still needs to determine a few details. The regulatory framework for crypto derivatives is not entirely operational, and the plan has faced some pushback from the nation’s financial community.

The post Russia’s Central Bank and Finance Ministry is Launching a Crypto Exchange appeared first on BeInCrypto.

XRP is gaining momentum once again, climbing nearly 6% in the past week and pushing its market cap back above $130 billion for the first time since March 27.

The altcoin’s RSI has entered overbought territory for the first time in over a month, its Ichimoku Cloud setup remains bullish, and its EMA lines have formed consecutive golden crosses. With traders eyeing both breakout targets and key support zones, XRP enters a pivotal moment that could define its next major move.

XRP Enters Overbought Zone for First Time Since March

XRP’s Relative Strength Index (RSI) has surged to 76.19, climbing above the 70 threshold for the first time since March 19 — over a month ago.

Just yesterday, its RSI was at 51.4, signaling a sharp increase in buying momentum within a short period.

This jump suggests that XRP is entering an overbought zone, a level where price action often begins to slow or reverse, depending on broader market sentiment.

RSI is a momentum indicator that ranges from 0 to 100 and helps traders assess whether an asset is overbought or oversold. A reading above 70 typically signals overbought conditions, suggesting that the asset may be due for a pullback.

A reading below 30, on the other hand, signals oversold conditions and potential for a bounce. With XRP now at 76.19, traders may begin to watch for signs of weakening momentum or consolidation. Despite that, some analysts claim XRP market cap could soon surpass Ethereum’s.

However, strong upward RSI moves can also signal the start of a breakout if supported by volume and broader bullish sentiment.

Ichimoku Signals Align for XRP as Cloud Turns Bullish

XRP’s Ichimoku Cloud remains in a bullish configuration, with the price clearly positioned above the Kumo (cloud), formed by the Senkou Span A (green line) and Senkou Span B (red line).

This indicates a continuation of upward momentum, though the green cloud ahead is narrower than before, suggesting that bullish conviction may not be as strong as in earlier phases of the trend.

Still, being above the cloud generally favors buyers in the short term.

The Tenkan-sen (blue line) is above the Kijun-sen (red line), signaling short-term bullish momentum through a positive crossover.

Meanwhile, the Chikou Span (green lagging line) is well above the cloud, confirming that current momentum is supported by past price strength.

However, the thinner cloud ahead calls for some caution — while the trend remains bullish, a weaker cloud can suggest reduced support if the price turns.

For now, XRP has a positive technical structure, but traders will monitor for any signs of weakness.

XRP Builds Momentum on Golden Crosses—Reversal or Rally?

XRP’s exponential moving average (EMA) lines have formed consecutive golden crosses since yesterday, a strong bullish signal that indicates growing upward momentum.

This pattern suggests that short-term averages are crossing above longer-term ones, often seen as a sign of a trend reversal or the beginning of a new uptrend.

If this momentum continues, XRP price could climb to test $2.50, with further resistance levels at $2.64, $2.74, and $2.83.

Should the broader bullish sentiment return, XRP may even attempt to reclaim the $2.99 level — and possibly break above $3 for the first time in months.

However, if the momentum fades and the trend reverses, XRP could pull back to test support at $2.18. A loss of that level would open the door for a deeper correction toward $2.03.

Continued downside pressure could push XRP below the $2 mark, with the next major support levels at $1.90 and $1.61.

The post XRP Bullish Momentum Builds as Market Cap Breaks Above $130 Billion appeared first on BeInCrypto.

Immutable (IMX) is up 10% today after announcing a partnership with Ubisoft. The pair is releasing a new mobile game based on the “Might and Magic” series as part of Ubisoft’s broader Web3 strategy.

Immutable is planning to expand its gaming operations after the SEC dropped an investigation against the firm last month. The company is yet to announce more details about this new project.

Ubisoft Extends Its Web3 Venture

The past few years have been financially straining for Ubisoft, one of the largest and most popular AAA studios in the gaming industry. Known for its beloved gaming series, such as Assassin’s Creed, Tom Clancy’s Rainbow Six, Far Cry, and more, the studio has been slowly expanding into the blockchain space for some time now.

Ubisoft hasn’t directly partnered with Immutable before, but it has shown a lingering interest in the intersection of Web3 and gaming. The firm leveraged Ethereum’s blockchain technology six years ago, a partnership that is active and ongoing.

Today, the studio announced a new mobile game, which both parties seem optimistic about.

“Partnering with Ubisoft is a defining landmark for Immutable. There are clear synergies between Immutable Passport, Immutable Play, and Ubisoft Connect. By bringing these together into a combined offering for Might and Magic Fates players, we’re hoping to smoothly onboard into the Immutable ecosystem the 138+ million Ubisoft Connect users,” said Justin Hulog, Immutable’s Chief Studio Officer.

Earlier this year, Ubisoft was on the brink of fiscal insolvency. Unsuccessful gaming titles and a lack of sales almost paralyzed the company. The gaming community has constantly criticized the studio for forcing microtransactions without prioritizing gameplay.

However, the success of its latest release, Assassin’s Creed: Shadows, helped Ubisoft somewhat recover. Yet, the company still needs additional revenue streams to regain forward momentum.

For Ubisoft, a partnership with Immutable might provide the key. Blockchain gaming fell slightly in Q1 2025, but it started the year in an inflated market.

Immutable, for its part, has a lot to gain from the Ubisoft partnership. The blockchain gaming company received a Wells Notice from the SEC last year, but the Commission dropped its investigation in March.

Soon after, the firm started accelerating its Web3 expansion. The Ubisoft deal is a major accomplishment, and it helped push its IMX token upwards by 10%:

That said, the press release is very light on details about the actual game and the specific Web3 connection. Ubisoft’s announcement calls Might and Magic “one of the strongest IPs in gaming” but doesn’t mention Immutable’s role in the project.

The new title is set to be a card-based game with potential crypto-backed rewards. More details are expected in the coming days.

The post IMX Surges 10% As Immutable Partners with Ubisoft for a New Mobile Game appeared first on BeInCrypto.

The TRUMP meme coin project announced that the top 220 holders will be invited to a Gala Dinner with the US president, while the top 25 holders will receive a private White House tour.

The ranking will count holders between today and May 12. Since this announcement, TRUMP has spiked 50% and counting.

TRUMP Rallies 50% In a Buying Frenzy

The TRUMP meme coin has been through ups and downs lately, but it recently hit an all-time low due to tariff chaos. However, the President just announced an exclusive deal for the top holders.

Whichever 220 users hold the most Trump tokens between now and May 12 will get an exclusive invitation to a dinner attended by the President.

“FOR THE TOP 25 COIN HOLDERS, YOU are Invited to an Exclusive Reception before Dinner with YOUR FAVORITE PRESIDENT! PLUS, We have separately by us arranged for a Special VIP White House Tour for you – so make sure you stay in town,” the announcement claimed.

Since this dinner offer first happened, TRUMP rocketed up 50% and counting. It’s unclear how long the momentum will last, but it clearly demonstrates that the man has a devoted fan base.

Some users have speculated that this dinner is an attempt to farm exit liquidity from retail investors, and it’ll be interesting to see how long the hype lasts.

Still, his supporters have good reason to expect solid opportunities from this investment. Trump has reportedly rewarded crypto firms that donated to his Inauguration, and LIBRA booster Hayden Davis alleged that he gave attendees of a previous crypto dinner a tip about the TRUMP launch.

In other words, winning this contest could present another opportunity for insiders.

Serious Concerns of Market Manipulation

If there were any lingering doubts about the US president’s direct connection with the meme coins, it’s very evident now. 

This would be the first time in crypto history that top whales of a meme coin (or any token) would have direct private interaction with the POTUS.

So, it is very clear now that Donald Trump will continue to reward and benefit this meme coin’s holders in unique ways. 

However, there are more critical concerns about market manipulation. Just last week, TRUMP unlocked $307 million worth of tokens.

THIS IS CRAZYYYYY !!!!

Many people shorted $TRUMP because
millions worth of TRUMP tokens started
unlocking on April 18th,

Today Trump announced a dinner with
250 top Trump token holders which has
started a massive SHORT squeeze. pic.twitter.com/CReNAxdlwE

— Ash Crypto (@Ashcryptoreal) April 23, 2025

Conventionally, this led to many trading shorting the meme coin, anticipating the price to go down. Yet, this announcement created a buying frenzy.

Most notably, the upcoming monthly token unlocks have been postponed by 90 days. This could be a direct attempt to inflate the market for a potential pump. 

The post US President to Have Private Dinner With Top 220 TRUMP Meme Coin Holders appeared first on BeInCrypto.

During a livestream  hosted by the leading exchange HTX, Founder of TRON and Advisor to HTX, Justin Sun expressed confidence in the approval of the newly filed Canary Capital Group Staked TRX ETF, calling it a “non-replicable” opportunity for both investors and the broader crypto market.

The event, titled “TRX ETF is Coming? The First Altcoin ETF with Staking Rewards – Will It Spark a New Crypto Bull Run?”, featured @HTX_Molly and leading crypto influencers in discussion with Sun on the TRX ETF filing, the outlook for staking-based ETFs, and the path to regulatory compliance.

A First-of-Its-Kind ETF With Staking Rewards

The key differentiator of this TRX ETF application is its inclusion of a staking mechanism, which could provide investors with enhanced yield opportunities. Notably, the TRX ETF is among the few, out of all crypto ETFs with pending S-1 filings, to incorporate staking features. 

While the application process for such ETFs is significantly more challenging than for spot ETFs – evidenced by the past failures of Staked ETH ETF applications – Justin Sun remains hopeful. He believes the SEC, under its new crypto-friendly Chairman Paul Atkins, is showing increased openness toward cryptocurrencies. Therefore, the TRX ETF application seeks immediate approval, aiming to be the groundbreaking cryptocurrency ETF to integrate staking. Its success, he asserts, would make its value “unreplicable.”

Sun: Market Is Undervaluing Approval Odds

“The market might be undervaluing the probability of the TRX ETF’s approval, a matter of which I am highly confident,” Justin Sun remarked. His confidence stems partly from his considerable experience with crypto ETF applications, including his involvement in securing approval for the initial Bitcoin futures ETFs and the subsequent Bitcoin spot ETFs. Furthermore, the TRX ETP’s successful listing and outperformance against Bitcoin and Ethereum equivalents in Europe provide a strong precedent. 

Justin argues that the rarity of ETF applications reaching the S-1 filing stage indicates that approval for the TRX ETF may not be far off. He also noted that even if the SEC rejects the initial submission, the team will revise the S-1 document in accordance with the SEC’s recommendations and continue the application process.

TRX ETF Could Catalyze the Next Bull Market

Justin Sun suggests that the potential impact of TRX ETF approval is underestimated. “The approval of the Bitcoin spot ETF demonstrated that a few tens of billions of dollars in inflows could trigger a trillion-dollar market rally. This is a prime example of ‘confidence leverage.’ The TRX ETF’s approval could have a similar or even greater impact, potentially igniting the next bull run and attracting a new wave of institutional interest in crypto ETFs on Wall Street.” 

Simultaneously, the ETF will facilitate RWA (Real-World Assets) growth. “The real breakthrough for RWA won’t just come from technological progress but from building a mutually beneficial ecosystem,” Justin explained. “Traditional institutions aren’t held back by technology. They’re limited by the absence of a clear mechanism to acquire public chain tokens and share in their appreciation. The ETF serves as the key to unlocking this – without it, large-scale institutional investment is unlikely, thus hindering the movement of trillions in assets onto the blockchain. The ETF isn’t just a price catalyst; it’s the decisive factor in the successful adoption of RWA.” 

Looking ahead, Justin emphasized that this year will be pivotal for enhancing regulatory compliance and expanding collaborations within the U.S. market. “The TRX ETF application is just the beginning. TRON and HTX have significant developments planned for each subsequent quarter, with the necessary groundwork already underway.”

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit HTX Square or HTX.com/, and follow HTX on X, Telegram, and Discord.

The post Justin Sun Highlights TRX ETF Potential, Says Market Underestimates Impact appeared first on BeInCrypto.

In a compelling conversation at Paris Blockchain Week, Pierre Samaties, the Chief Business Officer of the DFINITY Foundation, shares the bold vision behind the Internet Computer Protocol (ICP)—an infinitely scalable, fully decentralized infrastructure designed to power the next generation of Web3 applications.

From a breakthrough AI project dubbed the ‘Self-Writing Internet’ to protocol-level integrations with Bitcoin, Ethereum, and soon Solana, DFINITY is pushing the boundaries of what’s possible in Web3. Samaties offers exclusive insights into how users will be able to build live, on-chain apps with nothing more than natural language prompts.

Samaties on the Internet Computer Protocol

DFINITY Foundation is the main contributor to the Internet Computer Protocol (ICP). I take care of anything business-related, commercial-related, and product-related at DFINITY.

The Internet Computer community is growing significantly because it’s the only true world computer infrastructure where you can actually build a full end-to-end world computer stack, which means you have front end, back end, data, and everything on-chain. This is very attractive for many developers. If you read the Electric Capital report from last year, you see that ICP is the second fastest growing developer ecosystem, right behind Solana.

The Self-Writing Internet

We’re working on something which our founder and Chief Scientist, Dominic Williams, coined the ‘Self-Writing Internet.’ This enables anyone on this planet to use an AI interface, like a ChatGPT interface, where you prompt in natural language what kind of application you want to have built and deployed on-chain.

Not only is the AI returning the codes, but it is also returning a URL with the deployed application live on the internet computer in a matter of one to two minutes. And we’re obviously working to get this to chat speed. Not only that, you can actually update the application through prompting. That is a very big thing because this is another use case, finally, after DeFi.

A Web3 infrastructure is superior to a Web2 infrastructure, but you don’t need to tell anyone about it. People will just realize that this is a great thing. I can create my own app. If I’m an individual, an enterprise, or a startup, I can just get going with natural language. So this is a very big thing.

Users wouldn’t notice the difference between web2 and web3 because any application on the Internet Computer is accessed through a web browser. So for you, it would just feel like a normal web application, which by the way, I think should actually be the real goal of Web3. I think the problem with Web3 that we have today is that it always has its own extra thing on how to access it, and some UI issues. The key to adoption is really to make it as seamless as possible. And this is what that product is.

On ICP’s Integration into Key Blockchains 

Another key feature of the Internet Computer is that it has a protocol-level integration with Bitcoin, with Ethereum, and in a few weeks with Solana, and others are following. On Bitcoin, it specifically allows everyone who’s building on the Internet Computer to interact, read, and write on Bitcoin. That is very interesting for Bitcoin builders. Bitcoin is a single-purpose blockchain, which is fantastic for what it does, but it’s very hard to build logic on top of it.

Given that we have this Chain Key Bitcoin Integration, many builders – and we have over 40 different projects from the Bitcoin community – are using ICP tech to build true Bitcoin DeFi and Bitcoin Web3 applications. You can use the main chain with the most liquidity, with the best trust assumption we have for Web3 and DeFi applications.

There is a “canister,” which is our term for smart contracts on Twitter. It is a full-stack canister that can read and write Bitcoin. This means you can build the logic in everything that you want to do on ICP, smart contracts, and stiffer applications, but you immediately interact with Bitcoin. 

The other important key element is that we have a digital twin of Bitcoin that is cryptographically secured on the Bitcoin mainnet, living on the Internet Computer. It’s called CkBTC and it allows for Bitcoin transactions with one-second finality, plus only 10 sets of transaction fees. That allows projects like Odin.fun, that aims to create a centralized exchange feeling on a decentralized infrastructure with Bitcoin.

Whenever you convert a mainnet Bitcoin to a CK Bitcoin, it automatically locks the Bitcoin on the mainnet. And there is no central bridge that can be rug-pulled or hacked or exploited, which makes CkBTC the most secure way to have Bitcoin outside of the mainnet.

ICP’s Scalable Infrastructure Deflationary Model

ICP is probably one of the most ambitious projects in the entire Web3 industry. This is also why DFINITY has one of the largest R&D teams in Web3, and we spend most of our funds on R&D. But what our team has actually created is something really marvelous. It is a well-configured infrastructure that is already infinitely scalable because it scales horizontally.

The mainnet has been live since 2021. We run around 500+ applications already on the Internet Computer, including entire social media platforms. There is a WhatsApp telegram clone called OpenChat with around 20,000 users already. And scalability is not a problem. The system has been designed for scalability. Think about it: if you have an undertaking to create a true world computer, you make very intelligent choices about scalability.

As I mentioned, it is horizontal scalability. We don’t have a gas model but a reverse gas model. Now, all of us feel the pain of second-generation blockchains that have this gas model, where you always need to top up in order to do transactions. The Internet Computer has to build from scratch on a first-principle approach.

This is what we call a reverse gas model. As a user, you will not be obliged to pay gas fees because we think that kills adoption. Instead, we have a model that is pretty much the same as we have in web2 today. If you host your application on Amazon, you would pay Amazon for your cloud computing space. This is exactly the same logic on the Internet Computer.

If you’re a developer, you pay for compute cycles, and you pay for these compute cycles in ICP, and this ICP is burnt. This also means the more computing is happening on the Internet Computer, the more deflationary the tokenomics are.

ICP’s Deflationary Model

I can’t comment on prices, but we already had a few days in the last six months where the network became deflationary because of a significant network activity of a few projects that have been deployed. This leads us to believe that we might reach a sustainable deflationary state way before we predicted it initially.

But again, time will tell, and the self-running internet is also going to be a key catalyst, because every application that you can deploy will obviously run on ICP. It will need to pay for its compute cycles, which is very cheap by the way, probably the cheapest in the industry. That will further add to some type of deflationary elements.

About Developing on ICP

As long as the self-writing internet is not out, you will not be able to use AI for prototyping. But once that’s out, maybe relatively soon, you can just prototype with that. If you are a project and you have already figured out the architecture and your idea, you can just contact our dedicated growth team, which is led by my colleague Lomesh.

The growth team will help you with everything from onboarding you to the Internet Computer, reviewing your projects, and potentially also supporting me with some grants.

Expectations at Paris Blockchain Week

For me, the real benefit of these conferences is to have face-to-face discussions. As always, we have a lot of online meetings and so on. But I think the value of this is really to have here a lot of people, in particular, every European leader of the industry.

So we can have just good discussions, and we can just get things done. Still, we are a trustless industry in a sense, we want to achieve trustless, but face-to-face discussion is still very important to build trust. That’s what I’m trying to achieve here.

The post DFINITY’s Pierre Samaties Discusses ‘Self-Writing Internet’—AI That Builds Web3 Apps for You appeared first on BeInCrypto.

ZORA launched its airdrop today, distributing tokens to early users. The rollout caused confusion, as no official claim site was provided. Users had to check their allocations manually through the smart contract. While the Content Coin narrative boosted coin creation and new users, trading volume dropped sharply from its initial peak.

ZORA’s price fell around 50% in the first two hours after the airdrop. It is now trying to recover, but momentum remains uncertain. The market is still reacting to the airdrop and overall token distribution.

Content Coin Narrative Boosts Zora Usage

The Zora airdrop officially launched today, distributing tokens to early users based on two snapshot periods—but it was met with confusion. Base founder, Jesse Pollak, addresses some of these points in an exclusive interview with BeInCrypto.

Many users were unclear on how to check their eligibility, as no official claim site or checker was provided. Instead, allocations had to be verified manually via the smart contract, leading to mixed reactions across the community.

While 10% of the total 10 billion supply was reserved for early adopters, the decision to allocate 65% of tokens to insiders (team, treasury, and contributors) raised questions about the distribution model.

Since Base chain began promoting the idea of Content Coins, activity on Zora has noticeably increased. The number of newly created coins has remained above 20,000 since April 17, reaching nearly 28,000 yesterday.

Meanwhile, unique creators on the platform grew from 3,683 on April 16 to 6,206 by April 22.

While this growth suggests rising interest, it also reflects a trend still in early development, with questions remaining around long-term sustainability and utility.

Zora Volume Peaked at $31 Million—Now It’s Down Over 70%

Zora’s trading volume in USDC surged sharply with the rise of the Content Coin narrative, hitting $30 million on April 16 and peaking at $31 million on April 17.

This initial spike reflected a strong wave of early interest and speculative momentum around the new use case for content on-chain. a

The increase aligned with Base’s push to promote content coins as a fresh alternative to traditional meme tokens, drawing attention from creators and traders alike.

However, despite the number of coins created continuing to climb, Zora’s volume fell significantly to just $9 million by April 22.

This divergence suggests that while more users are experimenting with the platform—launching and minting coins—actual trading activity has not kept pace.

The drop in volume may indicate fading speculative interest, uncertainty around the airdrop, or early profit-taking following the initial hype.

ZORA Price Dives After Airdrop, Now Eyes Recovery

ZORA’s price experienced a sharp selloff immediately following its airdrop, dropping roughly 50% within the first two hours of launch.

Such volatility is not uncommon for newly airdropped tokens, as early recipients often rush to secure profits, adding intense short-term selling pressure.

Since then, ZORA has shown signs of recovery, attempting to stabilize and build upward momentum. If it can break above the $0.023 level, it could move to test resistance at $0.0289, with a potential extension toward $0.034 if buying strength returns.

However, the recovery remains uncertain. If ZORA fails to hold current levels and bullish momentum fades, it may retest support at $0.019.

A break below that could lead to further downside, with the next key level around $0.0165.

This price action reflects a typical post-airdrop pattern—initial volatility, followed by a battle between early profit-takers and potential long-term holders looking to establish positions.

The post ZORA Price Battles Intense Selling Pressure After Airdrop appeared first on BeInCrypto.

The resurgence in broader market activity over the past 24 hours has triggered an uptick in bullish bias towards Hedera (HBAR), with traders increasingly betting on further price gains. 

HBAR’s long/short ratio has climbed to its highest level in the past month, signaling a shift in trader positioning.

Bullish Bets Push HBAR Toward Breakout Territory

HBAR’s long/short ratio currently stands at 1.09, its highest level in the past 30 days. This indicates a sharp rise in the demand for long positions among HBAR’s derivatives traders on Wednesday. 

An asset’s long/short ratio measures the proportion of its long positions (bets on price increases) to short positions (bets on price declines) in the market. A ratio below one means there are more short positions than long ones.

Conversely, as in HBAR’s case, a long/short ratio reading above one indicates that traders are predominantly bullish on the altcoin, and are opening bets in favor of an extended price rally. 

Moreover, HBAR’s rising futures open interest confirms the renewed demand for the altcoin. At press time, this is at $205 million, climbing 18% over the past day. HBAR’s value is up almost 10% within the same period. 

Open interest refers to the total number of outstanding futures contracts that have not been settled. When open interest rises alongside price like this, it indicates that new money is entering the market to support the uptrend. This trend signals strong conviction behind the HBAR’s upward movement.

Can HBAR Break Out? Traders Watch $0.199 as Next Key Level

As of this writing, HBAR trades at $0.187, resting above the resistance formed at $0.190. If demand strengthens and HBAR bulls flip this price level into a support floor, the token could extend its uptrend and climb to $0.199.

On the other hand, if HBAR bears regain market control, this bullish projection will be invalidated. In this scenario, the token could lose its recent gains and fall to $0.153.

The post Hedera (HBAR) Traders Bet on Further Price Gains as Long Positions Surge appeared first on BeInCrypto.

The meme coin market is witnessing the emergence of automated token launches with the help of Clanker. These meme coins are attracting the same interest from investors as traditional meme coins, so much so that even major CEXs like Coinbase are set to list one of them.

BeInCrypto has analyzed three clanker-based meme coins for investors to watch as these tokens’ market cap increased by 25% today.

tokenbot (CLANKER)

• Launch Date – November 2024
• Total Circulating Supply – 1 Million CLANKER
• Maximum Supply – 1 Million CLANKER
• Fully Diluted Valuation (FDV) – $53.59 Million

CLANKER has experienced a significant surge of 18% in the last 24 hours, following a 58% increase over the past five days. Currently trading at $53, the altcoin shows strong momentum and is likely to continue its upward trend as market sentiment remains positive.

The anticipated listing of CLANKER on Coinbase on April 23 is driving excitement. As the first major exchange listing for this meme coin, this event is expected to bring increased visibility and trading volume, potentially attracting more investors. The listing could serve as a key catalyst for further price growth.

With the Coinbase listing expected to generate attention, CLANKER’s price could rise toward the next resistance level of $67. However, if the listing fails to attract the expected hype, the meme coin could see a reversal, dropping to $42 or lower, especially if the $53 resistance is not breached.

BankrCoin (BNKR)

• Launch Date – December 2024
• Total Circulating Supply – 99.99 Billion BNKR
• Maximum Supply – 100 Billion BNKR
• Fully Diluted Valuation (FDV) – $18.54 Million

BNKR has surged by 36% in the last 24 hours, making it one of the top-performing tokens in the Clanker ecosystem. Trading at $0.0001913, it is holding just above the support level of $0.0001842, showing strong momentum in the short term. The altcoin remains on an upward trajectory.

To maintain its growth, BNKR must breach the resistance at $0.0002085. With continued support from the broader market, the meme coin could push towards $0.0002477, which would mark a new high. This could attract more investors and solidify its position in the Clanker ecosystem.

However, if BNKR fails to break the $0.0002085 resistance, it risks falling back through its current support of $0.0001842. This drop could bring the price down to $0.0001207, invalidating the bullish outlook and erasing recent gains for investors.

Small Cap Corner – Native (NATIVE)

• Launch Date – December 2024
• Total Circulating Supply – 98.99 Billion NATIVE
• Maximum Supply – 100 Billion NATIVE
• Fully Diluted Valuation (FDV) – $2.84 Million

NATIVE price has surged by 39% in the last 24 hours, reaching $0.00002846. The token is just below the resistance level of $0.00002849, showing strong short-term bullish momentum. If this trend continues, NATIVE could aim for higher targets, supported by ongoing market optimism and investor interest.

If the bullish momentum holds, NATIVE could break past the $0.00002849 resistance and climb towards $0.00003338. A successful rise beyond this level could fuel further price growth, providing the meme coin investors with significant returns.

However, if selling pressure increases and NATIVE fails to breach the $0.00002849 resistance, the price could drop back down to $0.00001695. This would invalidate the bullish outlook and erase recent gains, leaving the token vulnerable to further losses in the market.

The post Clanker Meme Coins’ Value Surged By 25% In A Single Day | Meme Coins To Watch Today appeared first on BeInCrypto.