COINTURK NEWS

Cardano has emerged as a prominent figure in the cryptocurrency world due to its remarkable developer activities over recent months. The platform has reportedly outpaced Ethereum in terms of active contributions on GitHub, propelling Cardano and its ecosystem back into the spotlight.
Developer Dynamics: Quantity and Diversity
Cardano has seen 21,439 GitHub contributions over the past 12 months, suggesting considerable developer interest across its 550 core repositories. Although activities largely revolve around 12 major projects, the existence of 36 active projects showcases the ecosystem's diversity. This shift highlights Cardano's evolution, transforming it from a "ghost chain" to a dynamic platform.
Historically, Ethereum's developer strength has been seen as the industry standard. However, recent data suggests a shift in this perception. The consistent and measurable nature of Cardano's activities is building trust among investors and developers, drawing growing attention to the project.
Cardano's founder, Charles Hoskinson, has also supported these developments through public statements. He highlighted technical issues within Ethereum's framework, predicting a potential decline by 2040. Such claims fuel discussions on the technological and visionary differences between the two projects, intensifying their competition.
ADA Price Stability and Growth Prospects
Cardano's native token, ADA, is maintaining stability around $0.70. According to analysts, this stability might serve as preparation for a potential upward surge. Token Talk suggests ADA is holding crucial supports and could recover towards the $1.20–$1.30 range.
Crypto analysts predict significant price increases for ADA, potentially doubling post-market corrections. These forecasts rely on both technical indicators and the broader ecosystem's expansion. Developer activities and discussions on new partnerships are factors supporting this upward potential.
Recently, Cardano has captured attention with its integration process with XRP and collaborations on the Lace Wallet. These steps aimed at expanding the ecosystem could increase interest in the platform and reignite interaction within the community.
Considering the general market outlook, forecasts suggest Cardano may secure a stronger position in the mid-term. Enabled by its technological resilience and sustained developer interest, Cardano, long overshadowed by Ethereum, might now take center stage.

The iShares Bitcoin Trust ETF, which began operations in January 2024, recently garnered significant attention with a net fund inflow of $970.9 million. This figure marks the second-highest inflow since the product's inception, showcasing a positive momentum distinct from similar products within the industry.
Fund Flows and Market Data
On Monday, the ETF witnessed a new capital inflow of $591.2 million, while rival products experienced notable outflows. Fidelity's FBTC saw an outflow of $86.9 million, Bitwise’s BITB experienced $21.1 million in fund outflows, and ARK's ARKB reported an outflow of $226.3 million. In addition to these developments, Bitcoin increased by 7.2% over the last week, trading at approximately $94,900.
Since April 22, the iShares Bitcoin Trust ETF has secured over $4.5 billion in net fund flows, defying prevailing market trends. The shift of investors towards this product, moving away from alternatives, has paved the way for the implementation of different strategies in the market.
Expert Opinions
"Nearly $1 billion flowed into the iShares Bitcoin ETF. The second-highest inflow since January 2024." – Nate Geraci
"The ETF market is taking two steps forward after one step back; the model we envisioned is materializing." – Eric Balchunas
Following these remarks, industry experts positively view the increasing investor interest in the product. The growing investor attention indicates a reshaping of capital flows in the market.
In the futures market, the open interest in CME Bitcoin Futures contracts has decreased for four consecutive days, reaching the level of 132,750 Bitcoins. Concurrently, an increase in annualized yield from 5% to 9% in April raises expectations for a potential short-term recovery in open positions. The recovery in basis trade rates suggests an increase in demand.
Overall, investors in the spot market are leaning towards futures to lock in gaps, and the rise in yields demonstrates that this strategy may regain popularity. Market data and expert commentary indicate that the current trend signals vitality and strategic shifts in capital flows.

The Fidelity Signals Report published in the first quarter of 2025 indicates that Ethereum's current market value may be below its potential. According to the report, technical indicators and network data offer important clues that investors should not overlook.
Indicators Signal Buying Opportunities
Fidelity emphasizes that Ethereum's price has declined by 45% since the peak in January, noting that a classic 'death cross' signal was formed when the 50-day simple moving average fell below the 200-day average in March. While this technical structure gives weakness signals in the short term, some indicators highlight strong potential in the long term.

Tokyo-based technology company Metaplanet recently strengthened its strategic advisory board with two key figures following the addition of 5,000 Bitcoin to its balance sheet. CEO of BTC Inc., David Bailey, joined the team as the newest member of the board, while Eric Trump was also included in the same role back in March.
Shaped by Advisory Board Experience
David Bailey's joining of Metaplanet's advisory board seems poised to significantly enhance the company's experience in the cryptocurrency field. Bailey is a recognized figure in the sector due to his leadership at BTC Inc. and active role in the Bitcoin community. His experience is expected to directly contribute to the company's strategic decision-making processes.

A leading crypto analyst has predicted that the price of XRP could reach levels around $2.70 as the market recovers. Technical analyses indicate that XRP has formed an inverse head and shoulders pattern, suggesting an upcoming bullish trend. These developments are being closely monitored by market participants.
Technical Chart Patterns and Price Expectations
Analyst Ali Martinez noted the formation of an inverse head and shoulders pattern on the XRP price chart. This technical pattern increases the likelihood of an end to the downward trend and a potential upward movement.
Ali Martinez: “The chart pattern signals a positive reversal for XRP.”
This assessment has boosted market confidence regarding XRP's potential rise.
Rising Activity on the Ripple Network
Another significant factor affecting the price of XRP is the increase in network activity. The number of active addresses on the network rose from 27,352 to 40,366, indicating heightened interest in the Ripple ecosystem. This increase is viewed positively as it correlates with an approximate 70% rise.
However, a slight decline in the XRP price was observed over the last 24 hours. The price fell by more than 1%, closing around $2.08, leading to varied interpretations among stakeholders. Nevertheless, long-term technical analyses continue to support bullish expectations.
Market analysts and crypto traders are closely monitoring network data alongside technical patterns. Opinions suggest that short-term price fluctuations do not alter the long-term bullish potential.
Another analyst, Dark Defender, emphasized the break of significant resistance levels and positive trends in RSI indicators for XRP.
Dark Defender: “Resistance breakouts and RSI signals indicate a strong outlook for XRP moving forward.”
These statements are considered factors that reinforce investor confidence.
Traders are keeping a close eye on potential price changes in XRP, relying on technical analyses and network activity data. Assessments based on the Wyckoff model similarly indicate possible positive price movements.
Current data and analyses suggest that the reversal signals in XRP prices, supported by rising network activity, could increase investor interest. This scenario strengthens long-term recovery expectations, despite prevailing uncertainties in the market.

Fidelity Investments' global macro director, Jurrien Timmer, has pointed out that ongoing price movements may signal a future recovery. He emphasizes that the S&P 500 index has been fluctuating around a rising trend line, a pattern that has persisted since December 2011.
Insights on S&P 500
Timmer highlighted that the recent correction has pushed the index significantly below this trend line, presenting a potential opportunity for recovery. He described the index's behavior as reminiscent of a swing movement, oscillating between peaks and troughs.
The accuracy of Timmer's forecasts may hinge on how quickly fears related to tariffs and global trade damage can be alleviated.
U.S. Markets and Fidelity's Perspective
The expert indicated that following the market's price correction, investors should reassess their positions. He also noted that the long-term upward trend since 2009 may have entered its final phase, potentially linked to changing global conditions.
In his commentary on current market movements, Timmer stated:
“If the S&P 500 index surpasses the determined breakout point, it will demonstrate a full swing between extremes.” – Jurrien Timmer
Additionally, it is anticipated that investors will increasingly seek fundamentally strong stocks trading below their value, rather than confining themselves to U.S. markets. Timmer believes that potential de-globalization and shifts away from the dollar could lead to a new regime that will impact market structures for years to come.
Timmer also remarked on the possibility of changes in the longstanding upward trend and investor leadership:
“The uninterrupted continuation of the upswing since the financial crisis cannot go unchallenged; the current cyclical downturn will clarify this situation.” – Jurrien Timmer
According to the analyses, fluctuations in the S&P 500 index could reshape investors' risk perceptions and decision-making processes. While there are differing opinions among market experts and investors, a cautious approach is becoming more prominent. Investors are advised to closely monitor the current economic and geopolitical landscape and reassess their portfolio strategies accordingly.

Coinbase, one of the leading cryptocurrency exchanges in the U.S., is once again at the center of a legal dispute. The Oregon Attorney General's Office has sued Coinbase, claiming that a total of 31 altcoins, including XRP, Uniswap (UNI), Chainlink (LINK), Aave (AAVE), and Maker (MKR), are securities. This lawsuit came just before the exchange launched XRP futures contracts for U.S. users on April 21. This development has once again brought the ongoing uncertainty regarding whether XRP is a security to the forefront.

Although Bitcoin is trading about $20,000 below its all-time high reached at the beginning of 2025, investor interest remains vibrant. Experts indicate that despite global economic turmoil, Bitcoin may maintain its stable stance. The trade tensions between the U.S. and China, uncertainties in interest policies, and rising inflation concerns are among the main factors shaping market direction. Especially the $100,000 threshold stands out as a psychological barrier.

The recent tensions in global markets have led to a notable decline in cryptocurrency values. Major digital assets like Bitcoin, Ethereum, Solana, and Dogecoin have experienced drops ranging from 6% to 12%, as investors worldwide adopt a cautious approach. Following sudden sell-offs in the crypto market, liquidations have surged to hundreds of millions of dollars, raising widespread concerns.
Market Volatility and Support Levels
During trading in the Asian session, risky assets were subjected to significant volatility. Markets in China, Taiwan, Japan, and Singapore reported sudden declines, with indexes falling by approximately 10%. These developments prompted circuit breaker measures in regional markets.
Bitcoin saw a 6.9% decline in the last 24 hours, trading around the critical support level of $77,500. It is noted that the daily trading volume surged by 220%, exceeding $44 billion. According to technical analyses, if Bitcoin remains below $77,500, deeper corrections may be anticipated.
Expert Insights and Perspectives
The fluctuations in the market have led to questions regarding Bitcoin's status as "digital gold." In this context, some experts express skepticism about the role of crypto assets as a hedge against risk. Peter Schiff indicated that the current market conditions could lead to prolonged negative effects.
“After a delayed reaction, a significant crash began in the crypto market. Ether has fallen to its lowest level since October 2023, and Bitcoin has repeated last week's low. It could be a challenging day for investors holding positions in Bitcoin ETFs.” – Peter Schiff
As the impact of tariff wars intensifies, some market participants emphasize Bitcoin's importance as a global, digital, apolitical store of value. Hunter Horsley, CEO of Bitwise Investments, noted that the ongoing demand for Bitcoin persists, highlighting decreasing international confidence and difficulties in corporate operations.
“The issues in international relations and increasing uncertainty heighten the need for a decentralized digital store of value. Bitcoin's value stands out in this context compared to other assets.” – Hunter Horsley
The altcoin market is also experiencing a widespread correction. Ethereum has dropped to around $1,550, reflecting a 13.5% decrease, which has created uncertainty for investors. This situation has significantly deepened losses projected for 2025.
Among other digital assets, XRP has fallen below the critical $2 level with a 14.5% drop, indicating a potential for further declines according to analysts' predictions. Similar decrease rates have been observed in Solana and Dogecoin, as the overall market reflects a cautious approach by investors.
In a general assessment of the current market situation, it is emphasized that investors should adopt protective measures against sudden declines and closely monitor technical support levels. Particularly, it is crucial to recognize that price movements in Bitcoin and altcoins are closely related to international economic developments.

In the past 24 hours, significant volatility in the cryptocurrency market has led to substantial losses. Over $840 million in liquidations occurred in long positions for leading assets like Bitcoin and Ether. Investors had turned to leveraged trades in hopes of a price rebound, but when the downturn accelerated unexpectedly, millions of dollars in positions evaporated.
Massive Liquidation Wave Strikes Traders
According to CoinGlass data, Bitcoin's price fell below $77,000, while Ether dropped nearly 15% to around $1,500. This decline resulted in the rapid liquidation of positions held by investors anticipating a market rally. Bitcoin alone saw $322 million in liquidated positions, with approximately $290 million liquidated in Ether trades. Popular altcoins like XRP, Solana, and Dogecoin also faced double-digit losses.
The closing of $400 million in alternative token positions indicates a high leverage ratio in the market. Most investors had taken on high-risk positions, expecting continued price increases. However, as the decline intensified, margin levels were breached, leading to inevitable cascade liquidations.
Market Sentiment Shifts, Strategies Reassessed
Investors are now closely monitoring developments not only in the cryptocurrency market but also in global financial trends. Uncertainty in the U.S. markets and a 5% drop in stock futures are weakening risk appetites. Hedge fund manager Bill Ackman's call for an immediate slowdown in economic policies has further heightened global risk perceptions.
These developments have prompted cryptocurrency investors to adopt more cautious positions against short-term fluctuations. The losses seen in mid-cap tokens, ranging from 10% to 20%, reflect the widespread selling pressure across the market. Liquidations are viewed not only as position closures but also as a decisive factor in market direction.
The market is currently attempting to find a balance between investor expectations and a cautious approach. Volatility is expected to continue in the coming days. Consequently, analysts suggest that investors reassess their strategies and closely monitor short-term price movements.

The renewed tensions over customs tariffs between the U.S. and China shook not only the stock markets but also the cryptocurrency market. While there were sharp declines in many cryptocurrencies, including Bitcoin, investors moved to the sidelines with concern. U.S. President Donald Trump is no stranger to such economic turbulence; looking at his past statements, it is even possible to say that he seems pleased with such crisis periods. In fact, some believe that Trump knows how to take advantage of economic shocks.

As expectations regarding the U.S. Federal Reserve's (Fed) interest rate policy are formed, Arthur Hayes, co-founder of BitMEX, stated that investors should turn their attention to the MOVE Index. Hayes mentioned that volatility in the bond market gives critical signals, and suggested that if market stress increases, the Fed may resort to intervention. Additionally, it was emphasized that the new tariffs implemented in the U.S. could also challenge financial balances. According to Hayes, the increasing uncertainty is creating pressure on both traditional and cryptocurrency markets.

The popular altcoin XRP is striving to maintain its upward momentum following news that the U.S. Securities and Exchange Commission (SEC) has concluded its case against Ripple. As XRP attempts to break above the $2.50 threshold, its price movements continue to be influenced by Bitcoin (BTC) performance and the overall state of the cryptocurrency market. Predictions from renowned artificial intelligence models suggest various price ranges for XRP in the short term, with most forecasting a movement between $2.40 and $2.65.
What Price Predictions Do AI Models Hold for XRP?
OpenAI's ChatGPT-4o model indicates that if XRP maintains its current momentum, it could trade between $2.45 and $2.65 by April 1, 2025. Moreover, if market conditions remain optimistic, the price may escalate to a range of $2.60 to $2.80. Conversely, in the event of negative market shifts, XRP's price could fall to between $2.20 and $2.35.
DeepSeek AI offers a broader assessment by presenting three scenarios based on macroeconomic factors and Ripple's legal status. In its most favorable scenario, it suggests XRP could rise to between $3.50 and $5.00, while, without significant market changes, the price may remain around $2.40 to $2.60. If negative developments occur, it emphasizes that XRP could drop to a range of $1.50 to $2.00.
Key Levels for XRP Coin According to Technical Analysis
Technical analyst Dark Defender notes that XRP is at a critical juncture. Currently priced at $2.39, XRP aligns with the 50-day simple moving average (SMA) of $2.40. According to Elliott Wave Theory, the altcoin, moving within the 4th Wave, has the potential to initiate a strong upward movement from a support level at $2.22, possibly pushing the price back above $2.50.
Additionally, it has been reported that 72.28% of XRP investors on the Binance Futures market hold long positions, indicating a strong expectation of price increases. However, the high percentage of long positions might render the price vulnerable to unexpected declines.

Since 2020, Michael Saylor, the founder of a company formerly known as MicroStrategy and now called Strategy, has signaled his continued investment in Bitcoin (BTC) through a recent social media post. Saylor shared an investment tracking chart on his personal account, indicating the orange dots representing Bitcoin purchases and stating, "More orange is needed." Following this announcement, Strategy is expected to disclose its latest Bitcoin purchase today between 14:30 and 16:30 Turkish time. Similar posts made by Saylor in previous weeks often preceded announcements of actual Bitcoin purchases.
Strategy's Bitcoin Investment Approach
Strategy stands out as one of the most daring institutional players in Bitcoin investments. Under Saylor's leadership, the company has made billions of dollars in Bitcoin purchases, frequently making headlines in the cryptocurrency market.
The chart shared by Saylor reveals that the total value of the company's Bitcoin investments has reached $42.35 billion, yielding a profit of 27.78% to date. This percentage reflects a successful investment strategy in the largest cryptocurrency, aligning well with the company's market value.
In the chart, Bitcoin's price movements are represented by a blue line, while the points where Strategy made purchases are marked in orange. The fact that purchases are made regardless of Bitcoin's price indicates that the company is implementing a long-term strategy. This approach serves as an example for other companies considering Bitcoin investments. For instance, Metaplanet, often referred to as Japan's Strategy, aims to accumulate 10,000 BTC by year-end. Many companies, following in Strategy's footsteps, are striving to build substantial Bitcoin reserves.
Who is Michael Saylor, Frequently in the Spotlight for Bitcoin Investments?
Michael Saylor is recognized as the founder of Strategy and one of Bitcoin's most prominent advocates. Over the past five years, he has preferred to keep his company's reserves in Bitcoin rather than U.S. dollars, making waves in the financial world. His company's Bitcoin investments have captured the attention of corporate entities and significantly contributed to the adoption of the largest cryptocurrency.
Saylor views Bitcoin as a crucial store of value that can reshape the financial system. Therefore, he heavily invests company resources into Bitcoin and shares investment strategies with the public through social media. The graphs and messages he shares assist investors in analyzing the market more effectively.

US-based payment and financial technology company Circle recently minted an additional 250 million USDC on the Solana network. This coin minting, reported by blockchain data platform Onchain Lens, took place in the early hours of the day. The newly minted 250 million USDC corresponds to a total value of 250 million dollars. This minting is a continuation of Circle's USDC mints on Solana throughout the year. With this latest move, the total USDC minted by Circle on the Solana network in the last 30 days has reached 2.5 billion, and the total minted since the beginning of the year has increased to 10.75 billion.

President Donald Trump's nomination of Paul Atkins for the Securities and Exchange Commission (SEC) chair will be evaluated by the U.S. Senate next week. This development could pave the way for Atkins to assume office in April. During the same session, Trump's nomination of Jonathan Gould for the Office of the Comptroller of the Currency (OCC) will also be assessed.
Importance of Atkins as SEC Chairman for Cryptocurrencies
Paul Atkins is a seasoned financial expert who served as an SEC commissioner from 2002 to 2008. Known for his conservative approach to financial regulations, Atkins is particularly recognized for opposing certain provisions of the Sarbanes-Oxley Act. Furthermore, he has garnered attention with his crypto-friendly policies, making Trump's nomination of him as SEC chair a positive development for the cryptocurrency market.
Atkins’ appointment as SEC chairman is expected to have significant impacts on the cryptocurrency market. While the easing of financial regulations may be seen as favorable for Wall Street, it poses some risks to investor protection. Nevertheless, Atkins' positive stance towards cryptocurrencies could usher in a more innovative and supportive phase for the crypto sector.
Gould's OCC Chair Role May Also Positively Impact the Crypto Market
On the other hand, Jonathan Gould is noted for his extensive experience in financial regulation and law. He served as a senior vice president and chief legal advisor at the OCC from 2018 to 2021. His previous work with the Blockchain company Bitfury indicates his proximity to the cryptocurrency market, making his nomination by Trump as OCC chair another part of the ongoing shift towards crypto-friendly regulations.
If appointed as OCC chairman, Gould is expected to reduce regulatory uncertainties surrounding cryptocurrencies and Blockchain technologies. This could significantly affect the growth of the cryptocurrency market and expand its user base. However, the impact of these changes will depend on their implementation over time, requiring patience from market participants.

The development of spot exchange-traded funds (ETFs) for Ethereum (ETH) is gaining momentum, particularly with the potential for these funds to earn returns through staking. Robert Mitchnick, Head of Digital Assets at BlackRock, noted that allowing Ethereum ETF issuers to stake could create additional demand. On the same day, the New York Stock Exchange (NYSE) Arca submitted a rule change to the U.S. Securities and Exchange Commission (SEC) that would enable Bitwise's spot Ethereum ETF to earn returns through staking.
Can Spot Ethereum ETFs Generate Returns Through Staking?
Mitchnick believes that staking represents the next phase in the evolution of Ethereum ETFs. Speaking to CNBC, he stated, “Staking returns are a significant part of generating investment returns in this area, and currently, staking is not available in Ethereum ETFs on the market.”
Notably, in 2024, major issuers like BlackRock and Fidelity managed to launch Ethereum ETFs without staking approval. During the tenure of former SEC Chair Gary Gensler, there was a cold reception to staking, and possibilities in this area were largely overlooked. However, hopes have increased for the inclusion of staking in ETFs with a more crypto-friendly administration expected to take power by 2025.
Ethereum ETFs Are Lagging Behind Bitcoin ETFs
Despite attracting billions of dollars in investment, spot Ethereum ETFs in the U.S. have significantly lower volumes compared to the historical success of Bitcoin ETFs. BlackRock manages approximately $2.3 billion in its Ethereum ETF, while its Bitcoin ETF manages about $48 billion.
Experts suggest that the inclusion of staking in Ethereum ETFs could enhance investor interest. Indeed, Mitchnick stated, “Some complex challenges need to be resolved. However, if this is feasible, we could see significant activity in Ethereum ETFs.” Staking is regarded as a common way to earn passive income from Ethereum investments, and expectations are strengthening for ETFs to be part of this process.
What Is an Ethereum ETF?
An Ethereum ETF is an exchange-traded fund that operates based on the price of ETH. Investors can gain exposure to the largest altcoin without directly purchasing ETH through Ethereum ETFs, thus accessing ETH in compliance with traditional market regulations.

The U.S. Securities and Exchange Commission (SEC) is preparing for a significant turning point in the cryptocurrency world. Recent consecutive decisions indicate that ETF approval is close, especially for altcoins with a Proof of Work (PoW) mechanism. With the appointment of the new SEC chair nominee Paul Atkins, the process is expected to accelerate. Experts believe that multiple altcoin ETFs could receive collective approval in the second quarter of the year. However, dissenting voices are also rising against these developments.

Japan-based publicly traded technology company Metaplanet, known for its regular Bitcoin (BTC) investments, announced the establishment of a Strategic Advisory Board. The company included Eric Trump, the son of the 47th President of the United States, Donald Trump, as the first member. Following the announcement, Metaplanet's shares rose by 13.52% on the Tokyo Stock Exchange. Eric Trump's role will be to strengthen the company's vision for Bitcoin and financial innovation on a global scale.
Details of Eric Trump's Role at Metaplanet

The long-standing legal battle between the digital payment network Ripple and the SEC has reached a conclusion, marking the end of a prolonged downward trend in XRP's price. Technical analysis indicates an increase in signals supporting upward movement in the price chart. Experts observe that buying pressure is intensifying, suggesting the potential for significant price increases. However, caution is advised regarding market volatility and the impact of leveraged trading.
XRP Price Analysis: Key Support and Resistance Levels
XRP has broken above its long-term downtrend line, signaling a positive shift in its technical outlook. Based on technical analysis, price is expected to rise to $3.40 and $3.78, supported by Fibonacci retracement levels. Analysts believe that if the price maintains stability above these levels, the likelihood of XRP reaching $5 will increase significantly.
Prominent market analyst Dark Defender notes that the breakout in XRP's price trend has increased buying pressure. Technical analyses confirm that a significant green candlestick has validated the upward movement, indicating that buyers are entering the market.
Caution on Leverage Risk Amid Market Volatility
Market observers warn that the rise in XRP's price lacks sufficient backing from major investors. Data indicates no significant accumulation of XRP, while the futures market has seen a $200 million increase. Analysts suggest that price movements may be supported by leveraged positions, potentially increasing volatility.
Experts emphasize that at least one spot XRP ETF approval would support price increases and could enhance upward momentum. Especially, the entry of institutional investors could pave the way for a parabolic rally for this altcoin.
Crypto analyst Ali Martinez cautions that Ripple's rally is risky due to the lack of support from major investors. The technical outlook indicates that substantial investment is necessary for sustainable price growth.