Crypto News Focus

By:  Sean Williams 28 April 2025 - CryptoNewsFocus.com

Cardano could surge by 70% due to whale accumulation, potential ADA ETF approval, and bullish technical patterns
These factors combined suggest the price may reach the key resistance level of $1.176 in the near future.
Cardano (ADA) has experienced a slight pullback recently, dropping to a low of $0.70 after reaching a year-to-date high of $0.747. However, there are compelling reasons why the price of Cardano could surge by 70% in the coming weeks, potentially retesting its key resistance level at $1.176. Here are the top three factors contributing to this optimistic outlook.
1. Whale Accumulation Sparks Bullish Sentiment
One of the most significant indicators of Cardano’s potential price surge is the growing accumulation by whales. Santiment data shows addresses holding 10 million to 100 million ADA now control 35.5% of the supply. Additionally, ADA holders with between 1 million and 10 million coins have increased to 15.83%. The uptick in whale activity suggests large investors are positioning for gains, typically signaling bullish momentum and upward price pressure.

Cardano whales are buying | Source: Santiment
2. The Growing Likelihood of an ADA ETF Approval
Another major catalyst for Cardano’s price movement is the increasing probability of an ADA exchange-traded fund (ETF) being approved. With the SEC appointing Paul Atkins as the chair, the odds of an ADA ETF approval have risen to 55%. This could be a game-changer for the ADA market. If approved, it would enable investors to gain exposure to Cardano through traditional financial markets while potentially earning staking rewards. This would open the door for a broader range of institutional investors, potentially driving up demand and pushing prices higher.
3. Technical Indicators Suggest a Bullish Breakout
From a technical analysis perspective, Cardano has formed a double-bottom pattern at $0.510, which is a classic bullish signal. This formation indicates that there is strong support at this level, with short-sellers becoming hesitant to push the price lower. The neckline of this pattern lies at $1.176, which represents Cardano’s highest price point in recent months. Additionally, ADA is hovering at the 61.8% Fibonacci retracement level, known as the “golden ratio,” which often serves as a strong reversal point. Combined with a small bullish flag pattern, these technical indicators suggest that Cardano is poised for a breakout in the near future, potentially pushing the price up by 70% toward the $1.176 resistance level.

ADA price chart
With whales actively accumulating ADA, a rising likelihood of an ETF approval, and a bullish technical setup, Cardano’s price could see a significant rally in the coming weeks. If these factors continue to play out in Cardano’s favor, the coin might soon retest the $1.176 level, representing a potential surge of up to 70%. Investors and traders will be watching closely as these developments unfold.

 By: Cal Evans 28 April 2025 - CryptoNewsFocus.com

Pi Network price dropped to 0.6228, indicating a bearish trend after breaking below key support levels.
Strong bullish sentiment remains due to rumors of an upcoming HTX Exchange listing, which could trigger a price reversal.
Pi Network has recently seen a sharp decline in its price, dropping to $0.6228. This decline follows a breakdown below key support levels, indicating a bearish trend in the short term. However, despite this weakness, there is a strong underlying bullish sentiment due to rumors of an upcoming listing on HTX Exchange. This potential listing could provide a significant boost to Pi Network’s visibility and liquidity, potentially triggering a reversal in price direction.
The Current Market Trend for Pi Network: A Bearish Outlook
Pi Coin had dropped to $0.6228 at the time of writing, breaking below the critical $0.6406 level and the multi-week ascending triangle, marking a technical breakdown that favors sellers in the short term. As the price drops below this important level, the immediate support to watch is $0.6175, followed by deeper support at $0.6000. If the price fails to reclaim $0.6400, the bearish momentum could continue, with the risk of retesting lower levels.

The key resistance level for Pi Coin now stands at $0.6400. A strong move above this point would signal a potential reversal and could lead to higher price targets, with analysts eyeing levels at $0.6826 and $0.7200. Until Pi Coin reclaims $0.6400, traders should be cautious and watch for any consolidation patterns.
The Buzz Around HTX Exchange Listing
The rumors surrounding Pi Coin’s potential listing on HTX Exchange have sparked significant excitement within the community. HTX, one of the largest exchanges in the world with a daily trading volume of $1.7 billion, could be a major catalyst for Pi Coin’s price movement. Teasers featuring the Pi logo on HTX’s social media platforms have only fueled the hype, and if the listing is confirmed, it could dramatically increase Pi’s visibility and attract more liquidity from retail investors.
What a Listing Could Mean for Pi Network
Exchange listings have historically acted as powerful catalysts for price movements, and if Pi is listed on HTX, this could set the stage for further listings on even bigger exchanges like Binance and Coinbase. This progression is essential for reaching the much-anticipated $5 price target that many Pi enthusiasts are waiting for. The massive Pi Network community could also play a critical role in fueling buying pressure, propelling the price upward.
Technical Indicators and What to Watch For
From a technical perspective, Pi Coin’s price is currently at a critical juncture. The breakdown below $0.6406 has brought increased downward pressure, with the MACD turning bearish. However, the Relative Strength Index (RSI) is nearing oversold territory, suggesting a potential reversal could be on the horizon.
If Pi Coin can reclaim the $0.6400 level with strong volume, the next targets would be $0.6826 and $0.7200. Traders should be cautious, waiting for a clear trend change before taking positions.
Pi Coin faces short-term bearish pressure, but the rumored HTX Exchange listing could act as a major turning point. Traders should monitor key support and resistance levels, waiting for a clear signal of trend reversal.

 Jane Kariuki 28 April 2025 - CryptoNewsFocus.com

ProShares will launch three leveraged and short XRP futures ETFs on April 30, 2025, following tacit approval from the SEC.These ETFs provide investors with new ways to gain exposure to XRP’s price movements, marking a significant step in ProShares’ push into the digital asset sector.
On April 30, 2025, ProShares will launch three innovative XRP futures ETFs, marking a significant milestone for the cryptocurrency investment landscape. These products—Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF—will provide leveraged and inverse exposure to the price movements of Ripple’s XRP token. Unlike traditional spot ETFs, these funds track XRP futures contracts rather than directly holding the asset, offering investors a new way to tap into XRP’s price dynamics.
The SEC’s Role in Approving New Crypto Products
The launch follows ProShares receiving tacit approval from the U.S. Securities and Exchange Commission (SEC). While the SEC did not formally object during the review period, it allowed the company to proceed with its offering. This marks a critical development as the SEC has yet to approve a spot XRP ETF, making ProShares’ futures-based products the first of their kind. Eric Balchunas, Bloomberg’s Senior ETF Analyst, highlighted the unusual nature of the launch, especially given that no spot XRP ETF has yet been approved.
Leveraged and Inverse Exposure to XRP
The three new ProShares ETFs will offer varying levels of exposure to XRP. The Ultra XRP ETF will provide 2x leverage, amplifying the token’s price movements, while the Short XRP ETF will allow investors to bet against XRP’s performance. The Ultra Short XRP ETF, with its -2x leverage, will enable a higher level of inverse exposure. These funds cater to both retail and institutional investors seeking to capitalize on XRP’s price fluctuations without directly owning the token.
The Growing Interest in XRP Futures
This announcement comes shortly after Teucrium Investment Advisors launched its own XRP ETF, which also offers leveraged exposure to the cryptocurrency. In addition, the CME Group has begun listing XRP futures contracts on its U.S. derivatives exchange, expanding its offerings to include products based on XRP, alongside Bitcoin, Ethereum, and Solana futures. The addition of XRP futures on regulated exchanges signals growing institutional interest in the token as a tradable asset.
ProShares’ Strategic Move into the Digital Asset Market
ProShares’ move into the cryptocurrency space with its new XRP ETFs is part of the company’s broader strategy to expand its offerings in regulated financial markets. While the SEC continues to review spot XRP ETF applications, these futures-based funds offer investors more options to engage with the asset. ProShares is positioning itself at the forefront of the growing digital asset sector, which continues to attract attention from both retail and institutional investors.
As April 30 draws closer, the market is preparing for the launch of these highly anticipated products, which will provide a new avenue for exposure to XRP’s price movements within a regulated framework.

#XRPETFs #xrp $XRP #ProShares

Jane Kariuki 24 February 2025 - CryptoNewsFocus.com
A hacker, allegedly linked to North Korea’s Lazarus Group, stole over $1.4 billion in Ethereum from Bybit, now holding more ETH than Vitalik Buterin and the Ethereum Foundation.
In response, Bybit has restored its asset reserves and launched a bounty program to recover the stolen funds.
The cryptocurrency world has been shaken by an unprecedented heist, with the hacker behind the Bybit breach now holding more Ethereum (ETH) than its very own creator, Vitalik Buterin, and even the Ethereum Foundation. This revelation underscores the massive impact of the exploit and raises concerns about security in the crypto space.
A Record-Breaking Crypto Heist
According to blockchain analytics firm Arkham Intelligence, the hacker, allegedly linked to the North Korean state-backed Lazarus Group, managed to steal over $1.4 billion worth of Ethereum from the cold wallet of cryptocurrency exchange Bybit. As of now, the hacker’s wallet holds a staggering 437,700 ETH, valued at approximately $1.2 billion, making up 0.36% of Ethereum’s total circulating supply.
In contrast, Ethereum co-founder Vitalik Buterin holds around 240,081 ETH, worth approximately $655.42 million, while the Ethereum Foundation possesses 223,147 ETH, valued at about $608 million. The scale of the hack and the amount of ETH held by the hacker highlights the gravity of the breach.
Market Turmoil and Bybit’s Response
The breach has is raising fears of a market downturn similar to the catastrophic FTX collapse of 2022. However, Bybit has taken swift action to address the crisis. The exchange announced that it has successfully closed the ETH deficit through a combination of loans, whale deposits, and direct ETH purchases. This has helped the platform restore a 1:1 backing of its client assets, ensuring customer funds remain secure.
Additionally, Bybit has introduced a recovery bounty program, offering up to 10% of the recovered funds as a reward for cybersecurity experts who assist in retrieving the stolen assets. This incentive aims to mobilize the broader security community to track and reclaim the lost funds.
What’s Next for Ethereum?
At the time of writing, Ethereum was trading at $2,720.97, marking a 3.60% drop in the last 24 hours. The news of the hack and the hacker’s large ETH holdings could contribute to further volatility in the market.
This massive breach serves as a stark reminder of the importance of robust security measures in the crypto industry. As authorities and cybersecurity experts work to trace and recover stolen assets, the industry is once again reminded of the risks inherent in digital finance and the ongoing battle between security and cyber threats.
This post appeared first on https://cryptonewsfocus.com/shocking-bybit-hacker-now-holds-more-ethereum-than-vitalik-buterin-and-the-ethereum-foundation/

#bybit #Ethereum $ETH

Stellar Gains Momentum as TVL Hits $62 Million – $0.74 in Sight?
Jane Kariuki 20 February 2025. -CryptoNewsFocus.com

Stellar (XLM) is showing strong bullish potential, with a possible breakout above $0.416 that could lead to a 77% surge toward $0.74, supported by key technical indicators like RSI and MACD.Additionally, XLM’s Total Value Locked (TVL) has surpassed $62 million, signaling growing investor confidence and increased activity within the Stellar ecosystem.
Stellar (XLM) is showing strong signs of a potential breakout, with bullish momentum brewing within a defined channel pattern. Crypto analysts are closely watching this movement, and recent data from DefiLlama indicates an impressive growth in XLM’s Total Value Locked (TVL), which has surpassed $62 million. Could this be the catalyst for a major rally? Let’s take a closer look.
XLM’s Channel Breakout Could Fuel a Rally
Since late November, XLM has been trading within a channel pattern, marked by a series of highs and lows connected by two trendlines. This setup suggests that a breakout above resistance could lead to significant price gains.

Currently, Stellar has found support at its 200-day Exponential Moving Average (EMA) around $0.284 and is trading near $0.343. If the price manages to break and sustain itself above the critical $0.416 level, analysts predict a potential 77% surge, targeting $0.74.
Technical Indicators Support Bullish Sentiment
Several key technical indicators reinforce the bullish outlook for Stellar:
Relative Strength Index (RSI): The RSI currently sits at 45 after bouncing from an oversold level of 30. For sustained bullish momentum, the RSI must push past the neutral 50 level.Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, showing a bullish crossover. Additionally, rising green histogram bars above the neutral zero line indicate strong buying pressure.
These indicators suggest that bulls are regaining control, and if momentum continues, XLM could experience a substantial price rally.
Rising TVL Signals Growing Investor Confidence
According to DefiLlama, XLM’s TVL has seen a steady increase, climbing from $53.57 million on February 9 to $61.84 million by Thursday. This continuous rise highlights growing user activity and confidence in Stellar’s ecosystem. As more assets flow into XLM-based protocols, the likelihood of sustained bullish momentum increases.

Stellar TVL chart. Source: DefiLlama

What’s Next for Stellar?
With strong technical indicators, rising TVL, and an impending channel breakout, Stellar is poised for a potential rally. If the price decisively breaks the $0.416 resistance, the projected target of $0.74 becomes increasingly viable.
Investors should keep an eye on key resistance levels and monitor market sentiment closely. If bullish momentum continues, Stellar could offer an exciting opportunity in the crypto market.
Will XLM achieve its $0.74 target? Only time will tell, but the signs are pointing in the right direction.

#XLM $XLM

Ripple’s stablecoin, RLUSD, saw a 33% surge in trading volume, reaching $266.57 million, driven by growing institutional interest and expansion across major exchanges.While its adoption could enhance XRP’s ecosystem, some speculate it may outcompete XRP as a primary payment asset.
The cryptocurrency market has been abuzz with the recent surge in Ripple’s stablecoin, RLUSD. Within just 24 hours, the stablecoin experienced a remarkable 33% increase in trading volume, signaling a growing interest from investors and institutional players.
RLUSD’s Growing Popularity in the Crypto Market
As of the latest data from CoinMarketCap, RLUSD’s 24-hour trading volume reached an impressive $266.57 million. This surge reflects increasing adoption and growing investor confidence in the stablecoin. A key factor in this rise is the entry of large-scale investors, often referred to as “whales.”
On January 7 and January 15, the Ethereum network recorded multiple transactions exceeding $100,000 in RLUSD, further validating the growing institutional interest. Such transactions highlight RLUSD’s role in Over-the-Counter (OTC) trading, liquidity enhancement, and large-scale payment processing.
What RLUSD’s Rise Means for XRP
The increasing traction of RLUSD is not just a milestone for Ripple but also a potential game-changer for XRP. On one hand, RLUSD provides stability and reduced volatility, making it an attractive asset for institutional players and traders. This could mean greater participation in XRP-based DeFi transactions, fostering liquidity within the ecosystem.
However, there is speculation within the community that RLUSD could overshadow XRP as a primary payment asset. While RLUSD benefits from leveraging the XRP Ledger, some fear that its widespread adoption could reduce XRP’s dominance in payment processing. Despite this, analysts suggest that an increase in RLUSD transactions could indirectly benefit XRP by driving more engagement within Ripple’s ecosystem.
RLUSD’s Expansion and Future Prospects
The growing recognition of RLUSD is evident in its expansion across multiple exchanges. Currently, it is available on platforms like Uphold, Bitso, CoinMENA, Zero Hash, and Revolut. Additionally, Ripple’s strategic partnerships are further strengthening RLUSD’s presence in the DeFi market.
Last month, Ripple joined forces with Chainlink (LINK) to integrate RLUSD pricing data on-chain. This collaboration aims to enhance the stablecoin’s utility and solidify its role in the DeFi sector. Furthermore, Cardano’s founder, Charles Hoskinson, confirmed ongoing discussions about integrating RLUSD into the Cardano ecosystem, signaling even broader adoption potential.
While the surge in RLUSD trading volume has yet to positively impact XRP’s price, analysts remain optimistic. XRP is currently facing strong resistance in the $3.15 to $3.50 range, and breaking past this level could be key to its next price rally.
article first seen on CryptoNewsFocus.com

#Ripple #RLUSD #Xrp🔥🔥

Ethereum ETF approval odds surged from 25% to 75% after Bloomberg analyst Eric Balchunas reported a potential shift in the SEC’s stance, causing Ethereum’s price to spike.Polymarket’s betting odds also reflected this optimism, jumping from 10% to 70%, while memecoins on the Ethereum blockchain experienced significant rallies in response.
The Surge of Optimism
In an unexpected twist, the possibility of a spot Ethereum ETF approval has created a buzz in the crypto community. On May 20, Bloomberg ETF analyst Eric Balchunas posted on X, significantly raising his odds for an Ethereum ETF approval from 25% to 75%. This optimism was based on rumors that the U.S. Securities and Exchange Commission (SEC) might be shifting its stance. Almost immediately, Ethereum’s price spiked from under $3,100 to over $3,800 within 24 hours.
Balchunas is optimistic that the SEC could give at least partial approval to the ETFs by Thursday, the final date for VanEck’s ETF application. He suggests that the SEC might approve the 19b-4 filings, allowing ETFs to be listed on the exchange, while still reviewing each ETF application thoroughly. This approach would enable the SEC to initiate the process without fully committing just yet.
The Betting Markets React
While Balchunas’ insights are noteworthy, it’s also crucial to consider broader market sentiment. Polymarket, a unique crypto betting platform, allows users to wager on various event outcomes using crypto. Participants can bet “yes” or “no” on events, with payouts reflecting the perceived likelihood of each outcome. The lower the chance of an event happening, the higher the payout for betting on it.
Before Balchunas’ update, Polymarket had pegged the probability of an Ethereum ETF approval by May 31 at just 10%. Following his announcement, the odds soared to nearly 75%. Currently, they hover around 70%, indicating that bettors see a substantial chance of approval. A successful bet on approval would yield nearly 50% returns while betting against approval could bring in over 200% returns.
Market Response and Speculation
The anticipation of an Ethereum ETF approval has also influenced... Read more on https://cryptonewsfocus.com/ethereum-eth-etfs-on-the-verge-what-the-market-thinks-ahead-of-sec-decision/