Category: Other Crypto News

Analyst Says Hyperliquid Isn’t A Buy Right Now: Here’s Why

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Michael Nadeau, founder of The DeFi Report, says he remains bullish on Hyperliquid over the long run, but argues the latest move in HYPE looks mistimed. In a post on X, he said the market is leaning too hard into the bullish narrative just as on-chain activity and positioning data begin to soften. Nadeau’s central point is not that Hyperliquid is broken. It is that the recent strength in HYPE may have outrun what the underlying data currently supports. “I’m a fan of both @Globalflows and HYPE, but think he’s…

Cari Taps ZKsync’s Prividium as US Banks’ Answer to Stablecoins

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Cari Network, a permissioned network for banks led by former United States Comptroller of the Currency Gene Ludwig, has chosen Matter Labs’ Prividium infrastructure to power a bank-governed tokenized deposit network for US regional and mid-sized lenders.  Built on ZKsync and anchored to Ethereum, the platform is designed to let participating banks issue and move tokenized deposits around the clock while keeping them on the balance sheet as bank liabilities, according to a Tuesday release shared with Cointelegraph. The move comes as lawmakers debate frameworks such as the Guiding and…

Polymarket Faces Nationwide Block Ordered by Argentina Court

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A court in Argentina has ordered a nationwide block of major crypto-based prediction market platform Polymarket over unauthorized gambling. Argentina’s national communications and media regulator, Ente Nacional de Comunicaciones (ENACOM), received a court order to block access to Polymarket website and its variants across the country, according to a ruling dated March 11. The order was issued by the Buenos Aires Court of First Instance in Criminal, Contravention and Minor Offenses No. 31, which is investigating Polymarket under Argentina’s Criminal Code for allegedly offering gambling services without authorization. The judge…

Bitcoin Is Still Bearish And Price Is Headed Below $50,000; Analyst

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Bitcoin’s foray above $70,000, while encouraging, has not really done much to quell the expectations that this is only the start of the bear market. A number of analysts continue to warn investors that this might only be a temporary relief, with the real crash on the way. One of these analysts is HAMED_AZ, who took to the TradingView website to share why the Bitcoin price is still very bearish and why he expects a further crash before the cryptocurrency hits a bottom. Bitcoin Price Still Very Bearish According to…

Key Indicators Signal Bottom And Major Relief Rally

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Bitcoin (BTC) has briefly surpassed the critical resistance level of $74,000, generating renewed optimism among investors as key market indicators suggest the potential for a bottom and further recovery for the leading cryptocurrency.  A Potential Surge To $108,000 Market analyst Ali Martinez drew attention to a significant development in a social media post on Monday, noting that Bitcoin’s funding rates have turned negative. This particular signal has historically foreshadowed substantial relief rallies over the past three years.  Martinez added that current market sentiment reflects a state of “peak fear,” which…

South Korea Police Draft Guidelines for Seized Crypto Assets: Report

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South Korea’s National Police Agency (KNPA) has reportedly drafted new guidelines for handling seized cryptocurrencies, including privacy-focused assets, as authorities move to standardize how digital asset evidence is stored and managed. According to a report by local media outlet Asiae, the KNPA completed a draft directive outlining compliance requirements at each stage of crypto seizure. The directive includes measures for managing software wallets needed to handle crypto assets and privacy-focused tokens.  A police spokesperson told Asiae that as investigative paradigms change, field investigators need systematic guidelines along with appropriate support.…

Crypto.com Enables Tourist Crypto Payments in Korea With KG Inicis Deal

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Crypto.com has partnered with KG Inicis, one of the largest South Korean payment gateways and value-added network providers, to introduce crypto payment options for foreign visitors across the country. KG Inicis, which processes hundreds of millions of transactions annually with its service used by around 190,000 affiliated merchants, will support the rollout of Crypto.com Pay across its network, according to a Tuesday announcement. “KG Inicis boasts an unrivalled merchant acceptance network with 40% market share and we’re proud to partner with this fintech powerhouse to make digital asset payments easier…

Can Avalanche’s AVAX Rise From The Dead? The Zone That Could Change Everything

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Despite still having a market cap in the billions, Avalanche (AVAX) has struggled significantly over the last few years. The coin had seen its shine back in the DeFi summer of 2021-2022, but since then, it has essentially been downhill from there, save for a few recoveries over the years. Now, though, as the market enters what seems to be another accumulation trend, coins like AVAX are beginning to swim back to the fore, raising the question of whether there is still hope for them. Why AVAX Could Crash Further…

New Analyst Projections Suggest Rally To $136

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Circle, the firm behind the widely-used stablecoin USDC, has seen its stock, trading under the ticker CRCL, rise above $123 for the first time since October of last year.  This surge was accompanied by a new upgrade from Clear Street, which upgraded Circle’s stock from a “Hold” to a “Buy” and raised its price target from $92 to $136 in a research note released on Monday. USDC Adoption Soars Amid Increased Demand Since the beginning of February, adoption of Circle’s USDC stablecoin has increased significantly, indicating a growing interest from…

DeFi Education Fund Drops SEC Lawsuit as Crypto Stance Softens

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Texas-based apparel company Beba and crypto lobby group DeFi Education Fund have withdrawn a 2024 lawsuit against the US Securities and Exchange Commission (SEC) over its approach to airdrops, citing a recent shift in the regulator’s approach to crypto. Beba launched a free token airdrop in March 2024 and, together with the DeFi Education Fund, filed a pre-enforcement challenge against the SEC that year. The lawsuit alleged the regulator had adopted its digital asset enforcement policy without a formal notice-and-comment rulemaking process, in violation of the Administrative Procedure Act. The…