1️⃣. Binance launches tokenized stocks 🚀
The largest cryptocurrency exchange Binance has announced the launch of tokenized shares of companies from the S&P 500 index. Now users will be able to trade shares of giants like Tesla, Apple, and Amazon using stablecoins like BUSD. Trading is scheduled to start on April 10, 2025. This is a step towards merging traditional finance and cryptocurrencies, which could attract new investors. Following the announcement, the exchange's native token BNB rose by 5%, reaching $620.
2️⃣. Cardano introduces a new scaling algorithm 🌐
The Cardano team announced a protocol upgrade codenamed 'Hydra 2.0', which promises to increase the network's throughput to 1 million transactions per second. The testnet has already been launched, and full integration is expected in July 2025. This could strengthen the position of ADA, which is currently trading at $1.85 with a 3.7% increase over the day. Experts believe that Cardano could become a leader among blockchains for DeFi applications.
3️⃣. Hackers attacked the Polygon bridge — $15 million stolen ⚠️
The Polygon network faced a serious issue: hackers breached one of the cross-chain bridges, stealing assets worth $15 million in MATIC and USDC tokens. The Polygon team has already frozen part of the stolen funds and is working on a patch. The price of MATIC fell by 8% to $0.92, but analysts are confident that the network will recover quickly due to its popularity in the Ethereum ecosystem. This event raises the question of security in decentralized finance once again.
4️⃣. Europe prepares new rules for stablecoins 🇪🇺
The European Union has completed the development of a bill that will tighten the regulation of stablecoins such as USDT and USDC. From July 1, 2025, issuers will have to have a license in the EU and hold reserves in European banks. This could affect the availability of stablecoins in the region and push the market towards using local alternatives, such as EURC from Circle, which is already gaining popularity. Traders are preparing for potential volatility.
5️⃣. Predictions for the upcoming week 🔮
• BNB: After the announcement of tokenized stocks, the price could reach $650 by mid-April.
• ADA: The success of Hydra 2.0 could push the token to $2.00 in the coming days.
• MATIC: If Polygon manages to deal with the aftermath of the hack, the price will return to $1.00 by the end of the week.
• Overall market: The Fear and Greed Index stands at 65 — the market is in a zone of moderate optimism, but regulatory news could add uncertainty.