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Ripple is expanding into the European market with its RLUSD stablecoin. It is focusing on Luxembourg as its entry point under the new MiCA rules. This move shows Ripple’s goal to establish RLUSD as a fully compliant solution for cross-border digital assets. RLUSD Set for EU Debut via Luxembourg In a recent post from Ledger
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Chainlink is playing an advanced role in Hong Kong’s push for cross-border payment functionality for its central bank digital currency (CBDC) experiments. Leaning on Chainlink’s infrastructure, participants in the pilot will attempt to move tokenized funds between Australia and Hong Kong. Chainlink Facilitates Cross-Border Digital Currency Exchange Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has been tapped
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Eric Council Jr., 26, of Athens, Alabama, has been sentenced to 14 months in federal prison for his involvement in a cybercrime conspiracy. The case involved the hacking of the U.S. Securities and Exchange Commission’s (SEC) official X (formerly Twitter) account. Eric Council Jr Sentenced to 14 Months According to a statement from federal authorities, Eric Council Jr conspired with others to gain access to the US SEC’s X account by carrying out a SIM swap. On January 9, 2024, a false post was published from the account, falsely claiming the SEC had approved Bitcoin Exchange Traded Funds (ETFs). Bitcoin’s price rose quickly by more than $1,000 before falling after the SEC confirmed the post was not legitimate. Eric Council Jr pleaded guilty in February 2025 to conspiracy to commit aggravated identity theft. U.S. District Judge Amy Berman Jackson sentenced him to 14 months in prison, ordered the forfeiture of… Read More at Coingape.com
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Ethereum price dips below $1,800 lagging behind Bitcoin to start the week, but Vitalik’s Layer-Zero update renews optimism for ETH’s long-term growth, after recent criticisms from Cardano Founder, Charles Hoskinson.
Ethereum (ETH) has opened the week on a weak footing, sliding 2.9% to $1,783.53 as broader crypto markets flashed mixed signals. Meanwhile Bitcoin (BTC) posted a strong 1% gain to reclaim $95,100.
The current data shwos Ethereum lagged behind, extending a weekend correction that now sees ETH trading near the lower end of its 24-hour range between $1,782.07 and $1,848.73.
Despite short-term dip, a closer look and mid-term price action shows bullish dominance as U.S. President Trump’s softened stance on tariffs. At the time of publication, CoinGecko data shows ETH’s weekly returns standing at +12.4%, compared to Bitcoin’s +10.6%. However, on the monthly view, ETH’s 6.0% gain trails BTC’s double-digit surge.
This divergence reflects active capital rotation as trader leverage the volatile macro sentiment to execute short-term plays.
Notably, last week, Cardano founder Charles Hoskinson launched a scathing criticism of Ethereum, predicting that “Layer-2’s are sucking out all the alpha for ETH,” warning in a CNBC interview aired on April 17, that Ethereum “could collapse within 15 years” if the trend continues unchecked.
Hoskinson’s remarks fueled debate across crypto media channels about Ethereum’s long-term viability, as Layer-2 networks like Arbitrum and Optimism increasingly capture user activity and fees.
In an indirect but timely response, Ethereum co-founder Vitalik Buterin shared a major Layer-Zero scalability update on Sunday.
Through his vitalik.eth account, Buterin reposted product launch documentation from LayerZero Labs and Succinct Labs, proposing a shift from the EVM (Ethereum Virtual Machine) to a more efficient zkVM system using RISC-V standards.
According to the reposted research this update would expand Ethereum’s network capabilities by:
Up to 832× fewer cycles than current EVM interpreters
95.7% reduction in proving cycles via precompiles
30× throughput increase with GPU acceleration
346MB → 1.5MB proof compression via recursion
These Layer-Zero vApps (Verifiable Applications) technology aims to combine Web2-level performance with Web3 verifiability, offering a new path to scaling Ethereum without excessive reliance on Layer-2 networks.
If successfully implemented, Vitalik’s Layer-Zero framework could reshape Ethereum’s scalability narrative, potentially alleviating long-term fears about ecosystem fragmentation
A transition to high-efficiency zkVM infrastructure could enhance Ethereum’s competitiveness against newer chains and reduce fees directly on the Layer-1 base.
In the short term, however, Ethereum price forecast hangs in the balances as it continues to languish below $1,800 and remains sensitive to short-term risks as Bitcoin’s dominance rises.
Ethereum (ETH) currently trades at $1,780 as of Monday April 28, printing a falling wedge pattern after 12% gains last week.
This technical pattern suggests a bullish reversal for ETH price with the a critical target at $2,850, as marked by the red vertical dotted projection on the chart.
Notably, the Parabolic SAR (Stop and Reverse) indicator, plotted as blue dots below the recent candles, reinforces the bullish trend, suggesting that buyers are now in control after months of selling pressure.
Supporting this upside scenario, the Fisher Transform indicator shows strong positive momentum, currently reading 2.22, indicating overbought conditions but also underlying strength. While a minor pullback cannot be ruled out, the mid-term momentum still leans heavily in favor of the bulls.
Still, failure to maintain the support cluster around the Parabolic SAR level at $1,569 could invalidate the bullish thesis, likely making the $1,385 low as a potential bearish target.
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