Charles Hoskinson Faces 318M ADA Scandal – Will It Stop ADA’s Rise to $1?

Monicah W

Charles Hoskinson Slams Critics, Says Cardano’s Success Isn’t Just About Price

The post Charles Hoskinson Faces 318M ADA Scandal – Will It Stop ADA’s Rise to $1? appeared first on Coinpedia Fintech News

Just when Cardano, the decentralized blockchain platform, was seeing its native token ADA rising by 4.3% in the last 24 hours, a new controversy has emerged. Claiming that founder Charles Hoskinson moved 318 million worth of around $619 million without permission.

Despite the drama, ADA remains on track for a potential breakout, with indicators pointing to a price surge towards $1.

318M ADA Scandal? Hoskinson Responds

Cardano founder Charles Hoskinson has been in the limelight more for the last few weeks, starting from claiming that Ethereum might not survive the next 10-15 years, to defending Cardano against critics  

But this time, Hoskinson is facing serious accusations of making unlawful move of ADA tokens. Crypto influencer Masato Alexander claims Hoskinson used special access to move 318 million unclaimed ADA, worth about $619 million, without permission.

Masato says the tokens were linked to a company called Attain Corp and were sold to investors in Japan, some of whom later felt tricked.

Hoskinson quickly denied all the claims, he said 99.8% of the tokens were claimed legally, and the rest were moved after a 7-year time limit, following the rules.

Many in the Cardano community have come to his defense, saying everything was done transparently and followed network rules.

Cardano Gears Up for Breakout – $1

Looking at the 1-day chart of Cardano, the price has been consolidating between the range of $0.66 to $0.72 for the last two weeks. Today, ADA jumped nearly 4.5% to around $0.707, breaking out of its recent downtrend.

If you take a closer look at the charts, it’s clear that ADA bounced back from a low of $0.60 and is now moving through key Fibonacci levels. In particular, ADA has broken through the 0.618 Fibonacci level at $0.6984 and is currently testing the 0.786 level at $0.7086, a bullish signal that suggests strength is building.

If ADA can close above $0.7214, it may confirm a breakout and open the door to a rally toward $0.75, $0.80, or even $1.

However, if ADA fails to break this key resistance, it could dip back to support near $0.6684 or $0.616. 

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Tether Nears $120B in U.S. Treasuries, Reports Over $1B in Quarterly Profits

Tether Nears $120B in U.S. Treasuries, Reports Over $1B in Quarterly Profits

Stablecoin issuer Tether has published its Q1 2025 attestation report, which has revealed interesting financial results that include U.S. Treasury holdings approaching a new high. The report also highlights its quarterly operating profits exceeding a key benchmark. The attestation was done by BDO which is one of the top five independent accounting firms globally.

Tether approaches $120 billion in US treasuries holdings

According to the report, Tether’s total assets amount to $149.27 billion against liabilities of $143.68 billion. The company is now operating under regulatory supervision in El Salvador where it holds a license as a stablecoin issuer.

Tether’s Q1 2025 attestation has revealed that the stablecoin issuer has reached an ATH of total exposure in U.S. Treasuries approaching $120 billion. This figure includes direct Treasury holdings as well as indirect exposures through money market funds and reverse repo agreements.

The company’s Treasury portfolio was a key driver of its financial performance for the quarter. It has contributed to the over $1 billion in operating profit from traditional investments. Tether noted that performance from its gold holdings helped offset volatility in cryptocurrency markets during the period.

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Dogecoin and Shiba Inu Face Tough Resistance: Can Bulls Push for a Breakout?

The post Dogecoin and Shiba Inu Face Tough Resistance: Can Bulls Push for a Breakout? appeared first on Coinpedia Fintech News

The meme coin market is bouncing back after Trump stopped plans to raise tariffs and new inflation data showed signs of slowing down. This positive news helped Bitcoin move closer to $85,000, which triggered buying interest in popular meme coins like Dogecoin and Shiba Inu. Still, both DOGE and SHIB are having trouble breaking past key price levels, which means there could be a short-term dip before any further gains.

Dogecoin and Shiba Inu Face Boost in OI

The recent price jump in DOGE and SHIB has led to a rise in open interest, which means more traders are entering the market. According to Coinglass, Dogecoin’s open interest went up by about 3.2%, hitting around $1.57 billion. Meanwhile, SHIB’s open interest saw a smaller increase of 0.05%, reaching over $120 million.

However, the increased price swings and a growing number of short trades near key resistance levels for Dogecoin and Shiba Inu could lead to uncertainty and mixed signals on their price charts.

Dogecoin Price Analysis

Dogecoin is having trouble breaking clearly above the $0.17 resistance level. Right now, buyers are mostly in control and pushing the price higher, but there are signs that sellers could step in soon and push DOGE below the 23.6% Fibonacci level. At the moment, Dogecoin is trading at $0.165, up over 2% in the past 24 hours.

The Relative Strength Index (RSI) is sitting at 58, which suggests there’s still strong buying momentum. If buyers continue to push, DOGE could climb toward the $0.2 resistance level. Breaking past that might boost market confidence and even lead to a rally toward $0.25.

On the flip side, if DOGE can’t hold above the rising support line, it could start to drop, potentially falling to around $0.13. If it breaks below that, it could trigger more selling and strengthen the bearish trend.

Shiba Inu Price Analysis

Right now, Shiba Inu is struggling to break past the immediate resistance at $0.000013. Because of this, sellers are keeping the price stuck in a tight range, preventing any big upward moves. At the moment, SHIB is trading at $0.0000122, up just over 0.5% in the past 24 hours. 

Even with some bearish pressure, buyers are still trying to push the price higher, showing there’s solid interest from the bulls. However, sellers are strongly defending against any breakout. The Relative Strength Index (RSI) is at 56, slightly above the midpoint, which suggests buyers might gain the upper hand soon.

If buyers manage to break above the $0.000013 resistance, SHIB could head toward the next target at $0.0000157. On the other hand, if selling pressure increases and the price drops below the 20-day EMA support, SHIB could fall further, possibly down to around $0.0000102.

The post Dogecoin and Shiba Inu Face Tough Resistance: Can Bulls Push for a Breakout? appeared first on Coinpedia Fintech News
The meme coin market is bouncing back after Trump stopped plans to raise tariffs and new inflation data showed signs of slowing down. This positive news helped Bitcoin move closer to $85,000, which triggered buying interest in popular meme coins like Dogecoin and Shiba Inu. Still, both DOGE and SHIB are having trouble breaking past …

Interactive Brokers Lists SOL, ADA, XRP, DOGE Following White House Interest

Interactive Brokers Lists SOL, ADA, XRP, DOGE Following White House Interest

Interactive Brokers has added the quartet of SOL, ADA, XRP, and DOGE to the trading platform. The listing brings the total number of tradeable cryptocurrencies on the platform to eight as it leans towards cryptocurrencies.

Interactive Brokers Adds SOL, ADA, XRP, and DOGE

A little over a year after wading into cryptocurrencies, online brokerage Interactive Brokers has increased the number of digital assets on the platform. According to a report, users of the brokerage will be able to trade native tokens of Solana, Cardano, Ripple, XRP, and Dogecoin.

The announcement brings the total number of cryptocurrencies on the platform to eight, with Interactive Brokers turning its gaze beyond traditional finance. SOL, ADA, XRP, and DOGE will join an exclusive list of cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH).

Customers of the top broker can buy, sell, and hold cryptocurrencies in addition to stocks, bonds, and mutual funds. Users of Interactive Brokers with Zero Hash LLC will have access to the quartet of cryptocurrencies, while those with Paxos Trust Co. accounts are limited to Solana and the first batch of cryptocurrencies.

“Adding these new tokens gives our clients even more flexibility to diversify their portfolios and take advantage of opportunities across digital assets,” said Steve Sanders, Interactive Brokers’ VP of Marketing and Product.

White House Interest Stokes Interest In Cryptocurrencies

The addition of the four cryptocurrencies follows rising interest by the US White House. In early March, President Donald Trump disclosed plans to include the trio of SOL, ADA, and XRP into a Crypto Strategic Reserve.

Following the creation of a Strategic Bitcoin Reserve and the accompanying Digital Asset Stockpile, experts are tipping SOL, XRP, and ADA to form the bulk of the Stockpile. Ripple co-founder Brad Garlinghouse predicts XRP’s inclusion in the Digital Asset Stockpile, pointing to Trump’s post and his invitation to the White House Crypto Summit.

Pundits say that the resolution of the Ripple SEC Case contributes to XRP’s inclusion in the Interactive Brokers platform. Meanwhile, Solana’s streak of institutional adoption, accentuated by BlackRock’s BUIDL Solana integration and Polymarket enabling SOL deposits, has played a key role in its inclusion.

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