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Cardano ADA Price Prediction for the Weekend Cardano ADA Price Prediction for the Weekend

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Cardano is one of the most notable altcoins leading the crypto space. The token is currently trading at $0.47, down 1% in the last 24 hours. ADA is yet to project a bullish streak by crossing critical price barriers to reach the top of the radar.  However, the slow price momentum is yet to deter ADA crypto enthusiasts, who are passionately rooting for the crypto to ascend to new heights.  Also Read: The Future of Cardano: Can ADA’s Upcoming Chang Fork Help It Reach $3? Cardano Price Performance By The End Of This Week According to CoinCodex, Cardano is expected to note another downtick of 2%, which may further push its price down to $0.46.  Per CC, Cardano is undergoing slight pressure and may take a while to pick up its pace. The platform further adds that the ADA may note a modest uptick by May 27. However, by May 2, the platform shares that ADA may trade at $0.44.  “The Cardano price forecast for the next 30 days is a projection based on the positive and negati
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WuBlockchain Weekly: SEC Expected to Reject Ethereum Spot ETF, ConsenSys Sues SEC, CZ trial is approaching and Top10 News

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1. BlackRock’s Bitcoin Spot ETF Achieves 70 Consecutive Days of Net Inflows link BlackRock is very pleased with the performance of its Bitcoin spot ETF (IBIT). Since its launch in January of this year, IBIT ETF has attracted funds continuously for over 70 days, making it one of the most successful exchange-traded funds in history, with current assets under management exceeding $18 billion. This fund represents 24% of BlackRock’s total ETF liquidity, which comprises 1,000 ETFs globally. It is worth noting that this Thursday, Bitcoin spot ETFs experienced a total net outflow of $218 million. Fidelity’s ETF FBTC saw a net outflow of $22.61 million in a single day, while Valkyrie’s ETF BRRR saw a net outflow of $20.16 million, marking the first net outflow for FBTC and BRRR. 2. Post Bitcoin Halving, Average Production Cost Estimated at Approximately $53,000; Miners May Shift Focus to Artificial Intelligence link According to the latest report from CoinShares, following the Bitcoin halving,
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Consensys sues SEC for clarification on Ethereum (ETH) classification as a security

Consensys recently received a Wells notice from the SEC for its MetaMask product. Consensys aims to defend Ethereum’s status as a commodity. The company also challenges SEC’s authority over cryptocurrencies. Consensys, a prominent Ethereum developer, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over what it deems as an “unlawful seizure of authority” concerning Ethereum (ETH). The lawsuit, filed in the District Court for the Northern District of Texas, marks a significant move in the ongoing battle between crypto firms and regulators. Consensys disputes Ethereum’s classification At the heart of the dispute lies the classification of Ethereum (ETH) as a security . Consensys asserts that ETH should not be considered a security and contests the SEC’s investigation into its MetaMask wallet product based on this classification . The company argues that MetaMask, a widely-used wallet interface, does not operate as a securities
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Bitcoin Inflation Rate Now Lower Than Gold

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Bitcoin (BTC), the original cryptocurrency, recently underwent its halving cycle, reducing rewards to miners by half. Many analysts consider halvings bullish as they reduce the supply of an asset, thereby increasing demand. While discussing the impact of BTC’s latest halving cycle, Glassnode noted that ‘ for the first time in history, Bitcoin ’ s steady-state issuance rate (0.83%) becomes lower than Gold (~2.3%), marking a historic handover in the title of the scarcest asset. ‘ Source: Glassnode Also Read: Bitcoin: Blackrock’s Spot BTC ETF Inches Closer To Top 10 List Glassnode’s report shows that Bitcoin’s (BTC) inflation rate is now officially lower than GOLD . The development makes the original cryptocurrency the most scarce resource on the planet. Will Bitcoin (BTC) rally since it’s now scarcer than gold? The cryptocurrency market has historically entered a bullish phase after a BTC halving event. A similar pattern may unfold this time as well. However, the cry
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Hottest Sloth-Themed Crypto Set for Exchange Listing Soon – Next 100x Solana Meme Coin?

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Meme coins on Solana remain the talk of the town, with Slothana (SLOTH) raising $15 million in ICO with only 4 days remaining, capitalizing on Bitcoin halving and 420. After a presale that’s collected more than $15 million from regular traders, this fun project aims to make a big impact and be as successful as past popular meme coins. The $SLOTH presale is coming to an end soon, and a DEX listing is coming up fast. Another meme coin is likely to become popular on Solana, and Slothana could be the one, ready to enter the open market very soon. This funny meme project, where investors act like lazy sloths, has been gathering SOL contributions for more than a month. What makes Slothana different? But what’s driving investor enthusiasm for Slothana? The primary allure lies in Slothana’s straightforward yet ingenious meme coin concept, which revolves around one of nature’s most easygoing creatures. There are no utilities or elaborate use cases here. Instead, it’s a leisurely mammal s
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Monaco, NFTs, And Formula 1: Reasons Polygon Is Bullish

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Platinium Group, the premier ticket provider for Grand Prix events, has joined forces with an NFT marketplace, Elemint; and a web3 company, Bary, to release a new NFT ticketing system on Polygon that debuted this weekend at the Formula 1 event in Monaco. Tickets for the Monaco Grand Prix, which is ongoing and started on Friday, May 26, are being minted on Polygon, the Ethereum sidechain that enables fast processing speeds and high throughput. Polygon Labs’ head of global business development, Urvit Goel, emphasized that the platform’s use of Ethereum’s robust security and NFTs’ unfalsifiable uniqueness improves ticket authenticity, reduces the likelihood of counterfeiting, and gives fans a digital memento they can keep forever. The ticketing platform combines the robust security of Ethereum with the forge-proof uni
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Ripple: XRP Forecasted to Hit $1 Following Bitcoin Halving

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With a host of assets performing positively following the important event, Ripple (XRP) has been forecasted to ascend to $1 following the fourth Bitcoin Halving. Indeed, the BTC circulating supply cut took place last week and has set the market up for a potential boom throughout this month. There is now an expectation that Ripple could be one of the most positively affected. Early Monday, XRP had seen a seven-day increase of more than 7% according to CoinMarketCap. However, it had started the first post-halving week with a 20% trading volume surge as it could be positioned for a breakout. Also Read: Ripple (XRP) CEO: ‘I Underpredicted’ $5 Trillion Crypto Market Ripple (XRP) Preparing for Post-Halving $1 Rally? Throughout the last several weeks, all eyes were on Ripple. Many investors had high hopes for the asset’s performance at the start of the year. However, four months into 2024 it had stalled, unable to move above the $0.50 level. Yet, that appears to be on the
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 Enhancing Transparency: Basel Committee Urges Mandatory Crypto Exposure Reporting for Banks

The Basel Committee on Banking Supervision, headquartered in Basel, Switzerland, has emphasized the necessity of disclosing banks’ exposures to crypto assets. In a recent consultative document, they stressed the importance of standardized reporting and increased transparency within the cryptocurrency sphere. The reason why the commitee wants crypto exposure report The committee has proposed the implementation of mandatory reporting requirements for banks concerning their cryptocurrency activities. These requirements encompass both qualitative and quantitative aspects of their crypto exposures. Included in the disclosure are details regarding the bank’s involvement in crypto-related activities, as well as information about their exposures to cryptocurrencies and the associated liquidity requirements. Banks are also required to provide insights into how they classify their crypto-related exposures and liabilities. The Basel Committee has set a target date of January 1, 2025, for the
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Ripple (XRP) 12% Rally This Week Paves Way for $1.4 Target

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Over the last seven days, Ripple (XRP) has seen its price surge more than 12% according to CoinMarketCap, paving the way for a $1.4 target price for the asset. Indeed, the asset has seen quite the resurgence since the Bitcoin Halving took place on April 19th, with the price finally breaking out of the $0.50 mark. Now, some analysts have been seeking to identify where the asset could be headed. One forecast predicts that its recent ascension has XRP poised for an impressive 180% climb in the near term. A host of questions must first be answered, but its current position above $0.54 has left many optimistic. Also Read: Ripple (XRP) CEO: ‘I Underpredicted’ $5 Trillion Crypto Market Ripple (XRP) Preparing 180% Surge? At the start of 2024, all eyes were on Ripple (XRP) and its performance headed into the year. Its ongoing lawsuit with the US Securities and Exchange Commission (SEC) weighs heavy on its value, however. For the first three months of the year, it had failed to make
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Bitcoin (BTC) Forecasted to Hit New All-Time High: Here's When

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Bitcoin (BTC) is showing signs of a recovery from its recent plummet to just above $60,000. The original cryptocurrency has rallied 1.8% in the daily charts and 3.1% over the previous month. However, BTC is still down by 0.6% in the weekly charts and 5.2% in the 14-day charts. BTC’s latest recovery could be due to its halving event, which took place on Apr. 20, 2024. Source: CoinGecko Also Read: Bitcoin Halving Officially Complete With the halving complete, BTC could surge to a new all-time high, as predicted by some analysts. Bitcoin (BTC) predicted to hit a new all-time high According to Captain Faibik, BTC ‘ is forming a bullish flag pattern on the daily timeframe chart. ‘ Captain Faibik notes that an upside breakout could lead to a new all-time high of the original cryptocurrency in May. $BTC is forming Bullish flag pattern on the daily timeframe chart. In Case of an upside Breakout from the bullish flag, expecting a new all-time high in May. ️#Crypto #Bitcoi
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UAE Leads Middle East In Cryptocurrency Adoption, 72% Hold BTC

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Cryptocurrency trading in the Middle East is up 166% in daily traders in the past year, with the UAE leading all countries in total holders. According to a Bitget report, in 2024, there was an average of 500,000 daily crypto traders locally. Furthermore, the United Arab Emirates leads the region in crypto adoption, with 72% of local users investing in Bitcoin. JUST IN: United Arab Emirates leads the Middle East in crypto adoption, with 72% of local users investing in #Bitcoin pic.twitter.com/b7Ego9LGkb — Watcher.Guru (@WatcherGuru) April 22, 2024 The report reveals that local countries in the Middle East predominantly rely on global centralized cryptocurrency exchanges, with low demand for local exchange platforms. In fact, crypto adoption in the region is projected to surpass  700,000 daily traders  by the end of 2024. The main reason for this surge is likely the approval of BTC Spot ETFs and the continuous rise in the total market value of cryptocurrencies. Thanks to th
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UK Court Freezes $8M of Craig Wright’s Assets Amid Legal Battle

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A United Kingdom court has taken a significant step by freezing over $8 million of Craig Wright’s assets, marking a pivotal moment in the ongoing legal battles surrounding the identity of Satoshi Nakamoto , the pseudonymous creator of Bitcoin. This decision comes in the wake of a lawsuit brought forward by the Crypto Open Patent Alliance (COPA) , highlighting the complexities and challenges in the cryptocurrency domain, particularly regarding patent rights and the identity of Bitcoin’s founder. The Court’s Decision and Its Implications In a landmark decision, Judge James Mellor approved a “worldwide freezing order” against Wright’s assets totalling 6.7 million British pounds ($8.4 million) . This measure aims to prevent Wright from evading court expenses incurred during the trial. Wright, an Australian computer scientist who falsely claimed to be Satoshi Nakamoto, has faced significant legal challenges, including copyright assertions concerning the Bitcoin network a
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MicroStrategy Now Holds 205k Bitcoin Overtaking Blackrock

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In an era where traditional investment paradigms are being upended, MicroStrategy , a once conventional business intelligence firm, has emerged as a torchbearer for corporate investment in Bitcoin . This strategic pivot has redefined the company’s identity and underscored the burgeoning legitimacy of cryptocurrencies as a vital component of investment portfolios. MicroStrategy’s journey, spearheaded by Founder Michael Saylor , is a testament to the transformative potential of digital currencies and their role in reshaping corporate finance and investment strategy. The Aggressive Accumulation of Bitcoin MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per #bitcoin. As of 3/10/24, $MSTR hodls 205,000 $BTC acquired for ~$6.91B at average price of $33,706 per bitcoin. https://t.co/YayyKtpz8d — Michael Saylor️ (@saylor) March 11, 2024 At the heart of MicroStrategy’s bold strategy li
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