XRP Price Braces For Rebound As BitMEX Teases Market-Moving Announcement

The post Coinbase to Delist Five Tokens Amid Token Upgrades – See If You’re Holding Any! appeared first on Coinpedia Fintech News

Coinbase, one of the most trusted and regulated crypto exchanges in the world, has announced it will suspend trading for five tokens, including Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ).

The trading halt will officially begin on May 16, 2025, at around 2 PM ET across all Coinbase platforms, Coinbase.com, Coinbase Exchange, and Coinbase Prime.

Why These Tokens Are Being Delisted

According to Coinbase, this decision isn’t about poor performance or security issues. Instead, it has to do with token versions. Each of these projects, GAL, LIT, DAR, ORN, and PRQ, has released new versions of their tokens.

That means the original versions listed on Coinbase are now considered outdated and no longer meet the platform’s listing standards. 

Coinbase cares a lot about keeping things safe, reliable, and clear for its users. When tokens go through major upgrades or migrate to new contracts, the old ones can cause problems or stop working well. That’s why Coinbase is removing these older tokens from trading.

Trading Already in Limit-Only Mode

To ease the transition, Coinbase has already moved all five token pairs to limit-only mode. This means users can still place or cancel limit orders, and trades may happen, but no market orders or advanced trading types are currently supported. 

It’s a heads-up to the community, get your affairs in order before full suspension takes effect.

What Happens to Users Holding These Tokens?

If you hold any of these tokens on Coinbase, it’s time to act. You might want to withdraw your holdings or convert them before May 16. After the suspension, your ability to trade them will be gone, at least on Coinbase.

The post Coinbase to Delist Five Tokens Amid Token Upgrades – See If You’re Holding Any! appeared first on Coinpedia Fintech News
Coinbase, one of the most trusted and regulated crypto exchanges in the world, has announced it will suspend trading for five tokens, including Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ). The trading halt will officially begin on May 16, 2025, at around 2 PM ET across all Coinbase …

Several theories are touting Cardano price to clinch $10 but critics are tagging the projections as outlandish. However, one cryptocurrency analyst has picked up the gauntlet to rationalize the claims of ADA reaching $10 during this cycle, citing a slew of factors.

Cardano Price To $10 Is In Play

Cryptocurrency analyst Dan Gambardello has reiterated claims that Cardano price is headed to $10 in this cycle. According to his analysis, Gambardello poked a hole through the barrage of criticisms leveled against ADA optimists backing the asset to reach $10.

Gambardello began his analysis with key ADA fundamentals, citing its speed, decentralization, scalability, and security standards. He points to incoming Bitcoin DeFi and the potential unlocking $2 trillion opportunity for Cardano. The recent Cardano Lace Wallet retrofitted with multichain functionality specifically for the Bitcoin blockchain underscores the point.

The analyst turns his gaze to the impending end of quantitative tightening and the start of quantitative easing by the Federal Reserve and its potential for cryptocurrencies. According to Gambardello, the move signals a major “bullish catalyst” for ADA given the uptick of liquidity flooding the market.

Gambardello bolsters his argument with ADA’s inclusion in the Digital Asset Stockpile as proof of Cardano’s price climbing to $10.

ADA Trading at $10 Is Not A Crazy Idea

At the moment, ADA is trading at $0,70, a far cry from the projected $10. However, Gambardello argues that the Cardano price can clinch reach $10 given its positives.

“A $10, $350 billion market cap sounds crazy to a lot of people, I understand,” said Gambardello. “But I will not ignore the possibility of it just because it sounds crazy.@

The analyst goes on to cite Cardano’s run to reach an all-time high, surging from $0.3 to $3.09 back in 2021. Gambardello says that at the time Cardano price climbed by nearly 1,000% without smart contracts or an inclusion into the Digital Asset Stockpile.

A move toward $10 represents a 1,300% jump for ADA which Gambardello says is within reach given Ethereum’s price action during the last bull run. While Gambardello did not give a clear timeline, he disclosed that multiple ADA retracements are a real possibility before the final march to $10.

The post Analyst Reveals Why Cardano Price Rally To $10 Isn’t ‘Crazy’ appeared first on CoinGape.

On-chain data reveals that the expiration of the $2.85 billion BTC and ETH options will take place today, which can affect the crypto market significantly. With the recovery of investors ‘ sentiments toward crypto assets, many, including Bitcoin and others, surged. However, experts are concerned about potential volatility past these options’ expiration. Let’s discuss.

What’s Happening in the Crypto Market Today?

The crypto market heatmap today shows a division of bulls and bears dominance in the market. Some of the cryptocurrencies like Bitcoin, Dogecoin, and Cardano are up slightly in the 24 hours, whereas the remaining Solana, Ethereum, and the rest of the top altcoins remain down.

Despite the bearish performance, the global market cap has surpassed the $3 trillion mark, currently at $3.01 trillion, and the trading volume is $83.89 billion, up nearly 5% today. However, the concerns grow higher, and the fear of a crash builds as $2.85 billion worth of BTC and ETH options expire.

BTC and ETH Option Expiry Breakdown

According to the Deribit exchange reports, 26,949 BTC options are expiring today, with the max pain point between $90,000-$91,0000. The max paint point is the level where most options expire and could influence downward pressure.

As a result, this could create a significant downtrend in the Bitcoin price, currently at $97,045. The Put/ Call ratio is slightly bullish with 0.95 stats on major crypto exchanges, but it is slightly bearish on the Derbit exchange.

Additionally, the investors have stacked heavy call options above $95,000 in the hope of a further rally to $100,000.

In the case of Ethereum, 184,296 ETH options are expiring today. The Put/Call ratio of 0.88-0.92 indicates bullish sentiments. The current Ethereum price is $1,834, and the max pain point is $1,800, i.e, the expirations of most ETH options.

The investors reaction is mixed in this crypto’s case; some are shorting while others are betting long in anticipation of further gains.

What to Expect From the Crypto Market?

The cryptocurrency market is already facing volatility, and the $2.85 billion BTC and ETH expiration could extend it. Based on the current situation, the Bitcoin price could react in three ways: crashing to $90k as dealers wish for a minimum payout, surge to $100k based on call staking, and sideways consolidation amid neutral sentiments.

Ethereum price can also move similarly, but additional factors like the US job data report and others also need to be considered. Overall, the options expiry could affect these cryptos and the rest of the market significantly.

The post Crypto Market Today: Nearly $3B in BTC and ETH Options Expiring, Here’s What to Expect appeared first on CoinGape.