Canada Crypto Week returns for its fifth year, running May 11–17, 2025, bringing international attention to the city. Anchored by two global conferences: Consensus & Blockchain Futurist Conference, this week-long celebration will transform Toronto into a global hub for crypto, AI, and Web3.
Over 100 satellite events will take place across the country offering countless educational and networking opportunities. Many events are free and accessible, reflecting the community-first ethos that defines Web3 and Canada Crypto Week.
For those planning their week, it’s worth noting that Blockchain Futurist Conference on May 13th at the Design Exchange (Old Toronto Stock Exchange) hosts multiple side events all at the same venue making it easy for attendees to experience multiple events without the commute. Side events at Futurist Conference include:
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Cardano (ADA) has recently struggled to breach a key barrier despite the support of large investors and improving market conditions.
The price of ADA remains below critical resistance levels, but with whales accumulating significant amounts of ADA, the altcoin’s breakout potential seems promising. If market conditions continue to improve, Cardano could see a positive shift in price momentum.
Cardano Whales Are Optimistic
Whale activity was strong in April, with addresses holding between 10 million and 100 million ADA and purchasing over 420 million ADA, worth approximately $289 million, bringing their holdings to 12.89 billion ADA from 12.47 billion ADA. This consistent accumulation by the largest holders of Cardano is a significant indicator of confidence.
Whales play a key role in ADA’s potential price movements, and their continued accumulation suggests that they believe in the asset’s long-term value. The large-scale accumulation could help shift market sentiment in a positive direction. As the most influential ADA holders increase their positions, the likelihood of a price surge rises.
Cardano’s overall momentum is showing signs of improvement, especially with technical indicators such as the Relative Strength Index (RSI). Currently, the RSI is at a near two-month high and sits in the positive zone above the neutral mark of 50.0. This indicates growing bullish momentum, driven by both the accumulation of ADA by whales and broader market conditions.
Improving market conditions and the strong RSI reading suggest that Cardano’s price may soon experience a significant rise. This technical strength, supported by whale activity, sets the stage for ADA to break through its key resistance levels, potentially leading to more widespread adoption and price appreciation.
Cardano’s price is currently at $0.69, just below the support of $0.70, which it had been holding earlier this week. The altcoin fell slightly after failing to breach the $0.74 resistance level. The inability to break past this level has kept ADA trapped in a tight range, though a breakthrough remains possible if the market continues to improve.
The $0.74 resistance has been a key barrier for ADA for over five weeks. However, with whales continuing to accumulate and macro indicators showing strength, Cardano could soon push past $0.74 and potentially rise toward $0.80. A successful breach of $0.74 would signal the beginning of a more sustained bullish trend.
If ADA fails to maintain its position above the $0.66 support, confidence among whales could start to wane. A further decline toward $0.60 would hurt the bullish outlook, potentially leading to a deeper correction. Such a move would invalidate the positive sentiment and delay any potential for ADA to reach higher price targets.
Speculation about Nvidia adding Bitcoin to its treasury reserves has surfaced recently. These unconfirmed reports lead to questions about the potential for increased institutional adoption of Bitcoin and the possible performance of such a move for Nvidia, whose stock value has fallen considerably this year.
BeInCrypto interviewed representatives from Banxe, FINEQIA, CoinShares, Bitunix, and Acre BTC to discuss Bitcoin’s potential benefits for Nvidia and explore whether such an investment would ultimately benefit the company in the long run.
Rumors of Nvidia’s Potential Bitcoin Investment
Over the past few weeks, several reports have surfaced across social media suggesting that Nvidia, a pioneer in GPU-accelerated computing, is considering adding Bitcoin to its balance sheet.
These reports remain purely speculative at the time of press, given that Nvidia has not made any official statements on the topic. When BeInCrypto reached out for clarification, an Nvidia spokesperson declined to comment.
Even as rumors, these reports highlight the significant impact of such a decision on Bitcoin’s public perception. Given Nvidia’s current economic circumstances, marked by a substantial drop in stock value, an announcement of this nature would not be completely unexpected.
As such, Nvidia’s stock price has taken a hit. According to recent reports, Nvidia stock has fallen 35% since its latest price peak in January.
Nvidia’s stock reacted especially poorly to the news that China’s Huawei Technologies is testing a new AI chip potentially more powerful than Nvidia’s H100.
Given these circumstances, Nvidia can mitigate current economic challenges by diversifying its treasury assets.
Should Nvidia Consider Adding Bitcoin to Its Balance Sheet?
Such a move would significantly alter how other institutional investors view Bitcoin, potentially encouraging more companies to adopt a similar strategy. The crypto community would likely celebrate the news, believing it would solidify Bitcoin’s legitimacy as an asset class.
However, the extent to which Nvidia requires Bitcoin for stability remains controversial.
Risks of Adding Bitcoin to Nvidia’s Treasury
As it is, Nvidia already has other strategies that help the company hedge against volatility and inflation. Adding Bitcoin into the mix may seem excessive.
This becomes especially true when considering just how volatile Bitcoin itself can be. Though the asset can generate significant gains during bullish periods, the losses it can cause are equally severe.
As such, Bitcoin might not be the natural choice to defend Nvidia from its current stock declines. An investment of this kind would need to reflect a long-term strategy rather than an impulse decision.
Would BTC Even Make a Difference on Nvidia’s Share Price?
Bitcoin has demonstrated high returns over the long term, though with considerable volatility. For companies able to withstand the associated risks, including large price fluctuations, it offers the potential for significant future profits.
With its substantial financial resources, Nvidia could absorb Bitcoin’s volatility without a major impact on its balance sheet. In this sense, the company has little to lose, but also little to gain.
Ultimately, Nvidia’s decision to invest in Bitcoin hinges on timing and urgency, particularly given recent developments that have alleviated some pressures on the company.
Easing Export Restrictions: A Boost for Nvidia
Last week, the Trump administration announced its plans to roll back certain Biden-era export restrictions on advanced semiconductor chips.
Biden’s ‘AI Diffusion Rule’ established these restrictions to enhance US technological leadership by preventing advanced chips from being diverted to countries of concern, especially China. Given that China was Nvidia’s main buyer, the rule significantly hampered its sales.
A rollback would be highly advantageous for Nvidia’s sales, especially amid this new wave of chipmakers.
Similarly, the recent US-China tariff pause led to Nvidia’s stock price rise. Despite its temporary nature, the news is a positive sign for the company, promising reduced uncertainty and potential gains in sales and supply chain stability.
Considering these developments, adding Bitcoin to Nvidia’s balance sheet may no longer be urgent. If Nvidia were to make such a decision out of haste, it might also drive away traditional investors and long-time buyers.
Many areas of traditional finance remain highly skeptical of Bitcoin due to its short history and highly volatile nature. If Nvidia adds Bitcoin as a treasury asset, traditional investors might view it as a poor decision, potentially alienating long-time clients.
