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With the Satoshi-era Bitcoin whale waking up after 14 years of dormancy and moving over 80,000 Bitcoins worth $8 billion, speculation is ripe that Bitcoin evangelist Roger Ver is behind these transfers. Market speculators also believe that the whale is active once again following his recent release from prison. Amid this massive whale moment, BTC
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Hedera (HBAR) is up more than 6% in the last 24 hours, showing renewed signs of strength across multiple technical indicators. Momentum is building, with the DMI suggesting buyers are starting to take control and the Ichimoku Cloud showing a clean bullish structure.
A potential golden cross on the EMA lines could further fuel the uptrend, opening the door for a breakout above $0.178 and possibly even $0.20. With sentiment improving and resistance levels in sight, HBAR is positioning itself for a key move after weeks of consolidation.
Hedera’s Directional Movement Index (DMI) is showing early signs of momentum building, with its ADX rising to 16.27, up from 13.54 two days ago.
The ADX (Average Directional Index) measures the strength of a trend, regardless of direction. Readings below 20 indicate a weak or sideways market, while values above 25 suggest a strong and sustained trend is forming.
With the ADX still under 20, HBAR isn’t trending strongly yet, but the recent increase points to a potential shift in momentum.
The +DI (positive directional indicator) is currently at 22.6 — up from 14.19 two days ago, though slightly down from 26.17 yesterday, and rebounding from 17.8 earlier today.
This shows buying pressure has picked up recently, even if there’s short-term fluctuation. Meanwhile, the -DI (negative directional indicator) has dropped to 13.24 from 17.54 yesterday, signaling weakening selling pressure.
Together, these movements suggest bulls are starting to take control, and if the ADX continues to rise above 20, it could confirm a strengthening uptrend for HBAR.
Hedera’s Ichimoku Cloud chart is currently flashing strong bullish signals. Price action is well above the Kumo (cloud), which indicates clear upward momentum.
The cloud has transitioned from red to green, signaling a shift in sentiment from bearish to bullish.
This transition often suggests that the current trend could sustain if no significant reversal emerges.
The Tenkan-sen (blue line) is positioned above the Kijun-sen (red line), reinforcing a short-term bullish bias. Additionally, the future cloud is sloping upward, hinting at continued strength ahead.
The Chikou Span (green lagging line) is also above the price candles and cloud, further confirming the alignment of all Ichimoku elements in favor of the bulls.
Unless the price breaks down below the Tenkan-sen or the cloud itself, the outlook remains positive.
Hedera’s EMA lines are showing signs of convergence, indicating that a golden cross could form soon — a classic bullish signal. If that happens, HBAR could break the resistance at $0.178, and if the uptrend continues, it may climb to test $0.20.
Should bullish momentum fully return, Hedera price could rise toward $0.258, marking its first move above $0.25 since early March.
On the downside, if HBAR fails to build momentum, it could retest support at $0.153.
A break below that level would weaken the structure and open the door to further losses, with $0.124 as the next major support.
The post Hedera (HBAR) Could Be Ready For A Rally According To These Indicators appeared first on BeInCrypto.
The US government’s strategic crypto reserve has been a hot topic of discussion, sparking expert opinions and debates. While President Donald Trump has already signed an executive order for a Bitcoin reserve, the fate of XRP, SOL, and ADA hangs in balance. However, the Trump administration’s upcoming disclosure of its crypto holdings is expected to bring clarity to the inclusion of altcoins in the US reserve.
Notably, the US Department of the Treasury and other government agencies are expected to expose their Bitcoin and other crypto holdings this week. Let’s unveil this crucial move’s potential implications on the US crypto and financial landscapes.
In a recent X post, Bitcoin Magazine CEO David Bailey unveiled a crucial event on April 5, 2025, which is poised to revolutionize the US financial economy. According to Bailey’s post, the US government is set to complete a comprehensive audit of the country’s Bitcoin holdings this Saturday. Bailey said, “Depending on what we learn, might answer many of the open questions about the recent price action.”
The upcoming audit will provide a detailed inventory of the government’s Bitcoin portfolio, held across federal agencies. It will also provide insights into the collection of other cryptocurrencies like XRP, SOL, and ADA. Thus, this audit could also provide clarity into the possibility of including these altcoins in the US crypto reserve.
For context, President Donald Trump proposed a strategic crypto reserve to include XRP, ADA, and SOL in the US reserve. This development came amid growing speculations of the adoption of Bitcoin as a reserve asset.
Significantly, Trump’s move invoked criticism, with Bitcoin maximalists questioning the legitimacy of other cryptocurrencies to be a national reserve.
Though Trump signed an executive order for establishing a BTC reserve, there is still uncertainty surrounding the altcoin reserve. However, the US government’s decision to reveal its crypto holdings could bring transparency and clarity to the nation’s digital assets. The audit may also shed light on the potential developments within the government and its decision on altcoin reserves.
According to Arkham Intelligence data, the US government currently boasts a total of 198,012 BTC worth around $16 billion. As per crypto czar David Sacks’ statement, the US government has seized approximately 400,000 Bitcoin through civil and criminal asset forfeitures over the past decade.
Though the US government’s Bitcoin holdings are well-documented, its altcoin portfolio is still shrouded in uncertainty. Nonetheless, experts believe that the audit has the potential to clarify the government’s altcoin holdings and reserve management strategies.
The post US Government To Unveil Crypto Holdings: Will XRP, SOL, ADA Make the List? appeared first on CoinGape.
The recent depeg incident involving sUSD from Synthetix has highlighted that this sector remains fraught with risks despite the immense potential of algorithmic stablecoins.
The sUSD incident is not the first to expose the vulnerabilities of algorithmic stablecoins. From technical challenges and regulatory pressures to dwindling community trust, projects in this space must navigate numerous obstacles to survive and thrive.
Algorithmic stablecoins, which maintain their value without direct asset backing, were once hailed as a breakthrough in decentralized finance (DeFi). However, according to CoinMarketCap data from April 2025, the total stablecoin market capitalization stands at $234 billion, while algorithmic stablecoins account for about $458 million, equivalent to just 0.2%.
This stark disparity reflects the reality that algorithmic stablecoins have yet to gain widespread trust from the community. High-profile failures like the collapse of UST/LUNA in 2022, coupled with regulatory uncertainties such as the EU’s MiCA framework, have fueled skepticism.
More recently, the depeg of Synthetix’s sUSD is a typical example of this model’s inherent risks.
Synthetix is a well-known DeFi protocol celebrated for its synthetic asset system. Within this ecosystem, sUSD is an algorithmic stablecoin designed to peg its value at 1 USD, backed by the SNX token and price data from Chainlink.
However, sUSD has faced significant challenges with a prolonged depeg recently. At the time of BeInCrypto’s report, sUSD was trading at 0.77 USD, which has persisted since late March 2025. The primary cause was a major liquidity provider withdrawing from the sBTC/wBTC pool on Curve, which triggered intense selling pressure on sUSD. This forced users to convert other synthetic assets like sETH or sBTC into sUSD, exacerbating the price decline.
On April 21, 2025, Kain Warwick, the founder of Synthetix, announced on X that the team had implemented an sUSD staking mechanism to address the issue. However, he noted that the mechanism remains manual and lacks a fully functional user interface (UI), which is expected to launch in a few days.
“Update on the sUSD depeg. We have implemented an sUSD staking mechanism but it’s very manual until the UI goes live in a few days. Here was my hot take from discord though,” shared Kain Warwick, founder of Synthetix.
Warwick further stated that if the incentive mechanism (carrot) proves ineffective, Synthetix would adopt stricter measures (stick) to compel stakers in the 420 pool to participate more actively. He emphasized that, with the collective net worth of SNX stakers reaching billions of USD, Synthetix has the financial resources to stabilize sUSD and resume development of derivative products on Layer 1.
Before the sUSD depeg incident, the market witnessed the dramatic collapse of UST/LUNA in 2022. UST, Terra’s algorithmic stablecoin, suffered a severe depeg, dragging LUNA’s value down from $120 to near zero. This event caused billions of USD in losses and significantly eroded trust in the algorithmic stablecoin model.
More recently, the ‘Godfather of DeFi’, Andre Cronje, behind Sonic (formerly Fantom), also shifted direction. Sonic initially developed a USD-based algorithmic stablecoin but later pivoted to a stablecoin pegged to the UAE dirham.
“Pretty sure our team cracked algo stable coins today, but previous cycle gave me so much PTSD not sure if we should implement,” Cronje stated.
Beyond technical risks, algorithmic stablecoins face mounting regulatory pressures. The EU’s MiCA regulation, effective since June 2024, imposes strict standards on stablecoin issuers to ensure consumer protection and financial stability. Under MiCA, algorithmic stablecoins are classified as ART (Asset-Referenced Token) or EMT (E-Money Token), requiring projects to meet complex compliance demands.
This intensifies the pressure on developers, especially as other jurisdictions also tighten crypto regulations.
These examples show the vulnerability of algorithmic stablecoins to liquidity shocks and market sentiment, particularly due to their lack of direct asset backing.
Despite the challenges, algorithmic stablecoins still hold developmental potential. A March 2025 post on X by CampbellJAustin suggested that a next-generation decentralized algorithmic stablecoin is feasible if lessons are learned from past failures.
“I actually think a next-gen decentralized algorithmic stablecoin is possible. I also think it will not be done correctly by the crypto community because the primary constraints are economic and risk management, not technological,” CampbellJAustin shared.
However, projects must focus on building more price stability mechanisms, combining algorithms with liquidity safeguards to succeed. Additionally, they should prepare for regulatory requirements, particularly in regions with stringent rules like the EU. Transparency in operations, regular audits, and clear communication with users are crucial to rebuilding community trust.
By addressing these factors, projects in this space can seize the opportunity to regain confidence and drive innovation.
The post sUSD Depeg Rekindles Terra Flashbacks—Can Algorithmic Stablecoins Ever Win Trust? appeared first on BeInCrypto.