Cryptocurrency - Page 56 of 151

Breaking !Bitcoin Bulls Rejoice: Standard Chartered Predicts $120K by Q2, $200K by Year-End

Bitcoin bulls just got a major confidence boost.

Geoffrey Kendrick, Head of FX and Crypto Research at Standard Chartered, has reiterated his sky-high outlook for Bitcoin, predicting it will soar to $120,000 by Q2 2025 and possibly hit $200,000 before the year ends.

In a note released on April 28, Kendrick laid out several macro and on-chain factors fueling the forecast — including whale accumulation, massive ETF inflows, and a rising U.S. Treasury term premium, now sitting at a 12-year high. He believes these signs point to a capital shift away from U.S. bonds and into crypto, particularly Bitcoin.

Bitcoin’s past price cycles also support this view. Historically, sideways trading has often been followed by aggressive price pumps — and Kendrick thinks we’re right on the edge of one.

Also worth noting: Standard Chartered and other global banking giants like Deutsche Bank are ramping up their crypto activity in the U.S., especially as the industry bounces back post-FTX. This move aligns with a renewed pro-crypto narrative being pushed by political figures, including Donald Trump, who recently promised to make the U.S. more crypto-friendly.

At the moment, Bitcoin is hovering around $95,000, up 7x from its bear market low in November 2022. A move to $120K in Q2 would not only set a new all-time high but also potentially spark a wave of FOMO that could carry BTC to $200K by December.

So yeah — if Kendrick’s right, this next leg could be the one that turns heads across both Wall Street and Main Street.

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Cardano’s Lace Wallet Now Supports Bitcoin, Strengthening Cross-Chain Ambitions

Cardano is expanding its cross-chain capabilities. On Monday, Cardano co-founder Charles Hoskinson announced via X (formerly Twitter) that the Lace Wallet now supports Bitcoin, marking a significant step in interoperability.

Bitcoin Now Supported in Cardano’s Lace Wallet Alongside ADA

Lace, developed by Input Output Global (IOG), was originally designed for managing Cardano-native tokens like ADA. With the latest update, users can now also store and interact with Bitcoin directly within the wallet. The update introduces new features including Firefox compatibility and behind-the-scenes performance enhancements.

“With this release, Lace becomes even more accessible and versatile,” the team said in a blog post, noting that Bitcoin integration is still in beta but represents a major usability improvement.

While the announcement didn’t cause a dramatic market reaction, it aligns with Cardano’s broader vision of building cross-chain functionality and offering users a more unified crypto experience.

ADA Price Update: Recovery Continues, But Resistance Ahead

At press time, ADA is trading around $0.71, near its 200-day Exponential Moving Average. The token is moving in a narrow range between $0.7090 and $0.7105, signaling caution among traders.

Yesterday, ADA briefly dropped to $0.66 but has since rebounded. A close above $0.74 could open the door to a move toward the $0.80 level. Meanwhile, the Relative Strength Index (RSI) stands at 53, suggesting a balanced momentum between bulls and bears.

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Breaking ! Vaulta and Ultra Partner to Revolutionize Web3 Gaming and Finance

Vaulta, the newly rebranded Web3 banking network formerly known as EOS Network, is entering a bold new phase — teaming up with blockchain gaming platform Ultra to transform the future of gaming and decentralized finance.

Announced on April 29, the strategic partnership aims to blend gaming, tokenization, and financial tools into a single ecosystem that could rival traditional financial systems — all powered by Web3. Vaulta will rely on Ultra’s infrastructure to build out its gaming vertical, while Ultra cements itself as a “Netflix for gaming” offering cross-game monetization, token rewards, and metaverse-ready features.

Vaulta Foundation CEO Yves La Rose believes the collaboration will “elevate digital assets to the standards of traditional finance,” enabling users to explore new decentralized financial opportunities through gaming. By integrating Vaulta into its gaming stack, Ultra becomes a key hub for users to tap into DeFi, decentralized marketplaces, and next-gen financial utilities.

Ultra CEO Gus van Rijckevorsel added that Web3 gaming is set to outpace even TV and film, with projections forecasting a $615 billion market by 2030. To meet this demand, Ultra is focused on building infrastructure designed specifically for game developers, publishers, and players. Rijckevorsel said Vaulta represents “a major brick” in the foundation of this mission.

In-game interactions on Ultra’s platform will be powered by the UOS token, which will serve as the native currency for transactions, rewards, and monetization. The partnership also plans to introduce artificial intelligence elements that support real-time game guidance, intelligent user experiences, and enhanced interactions.

Vaulta’s rebranding and realignment come as part of its mission to lead the next generation of decentralized banking. Meanwhile, Ultra is riding momentum from a recent $12 million funding round, reinforcing its roadmap into 2025 and beyond.

This alliance could be a game-changer for both DeFi and Web3 gaming, blurring the lines between financial empowerment and interactive entertainment.

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Abu Dhabi Firms to Launch Dirham-Backed Stablecoin for UAE Digital Economy

Three of Abu Dhabi’s most powerful institutions—ADQ, First Abu Dhabi Bank (FAB), and International Holding Co.—are joining forces to launch a stablecoin backed by the UAE dirham. The move signals a major step in the region’s push toward modernizing digital payments under central bank oversight.

FAB to Lead Dirham Backed Stablecoin Development With Central Bank Support

According to a joint announcement, FAB will create the new digital currency, which will be pegged 1:1 to the UAE dirham and regulated by the UAE Central Bank. The goal is to enable faster, more secure, and more trusted blockchain-based transactions for both businesses and everyday users.

Hana Al Rostamani, CEO of First Abu Dhabi Bank, noted that the stablecoin has the potential to “transform how UAE consumers and businesses use and secure blockchain payments,” offering reliable, real-time settlement across different industries.

The partners have emphasized the need for full regulatory approval before the launch, ensuring compliance with legal frameworks and financial safety standards. Once approved, the stablecoin is expected to be integrated across various everyday use cases and emerging technologies, including machine-to-machine payments and artificial intelligence.

This isn’t the UAE’s first step into the stablecoin space. In December 2024, the central bank approved AE Coin, and more recently, on August 21, 2024, Tether announced plans to issue a UAE dirham-based stablecoin, expanding its presence in the Middle East.

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Crypto Market Update: Bitcoin Holds Above $93K, XRP and Monero Lead Gains

As of April 28, 2025, the cryptocurrency market exhibits a mix of stability and notable movements. Bitcoin (BTC) remains steady, trading at approximately $93,774, showing minimal change over the past 24 hours. Ethereum (ETH), however, faces challenges, with its price at $1,758.48, reflecting a 1.93% decrease.

Altcoins Show Varied Performance in Crypto Space

XRP has experienced a notable uptick, trading at $2.27, marking a 2.25% increase. Monero (XMR) stands out with a significant surge, rising over 40% in the past 24 hours, driven by increased trading volumes and investor interest.

BNB maintains a slight positive movement, currently at $600.07, up by 0.17%. Cardano (ADA) sees a minor decline, trading at $0.689988, down by 0.74%.

The overall market sentiment remains cautious, with investors closely monitoring macroeconomic factors and regulatory developments that could influence future movements.

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Casper (CSPR) Surges Over 170% as Casper 2.0 Launch Nears: Will the Rally Continue?

Casper (CSPR) Price Explodes as Casper 2.0 Hype Builds

Casper Network’s native token, CSPR, has officially woken up. After months of slumber, CSPR skyrocketed more than 170% in just 10 hours, reaching an intraday high of $0.023 — a level not seen since late 2024.

At the time of writing, the token has cooled to about $0.0163, but still holds an impressive 60%+ daily gain. The token’s sudden revival has been driven by extreme trading activity, with 24-hour trading volume surging over 3,000%, pushing daily volume near $142 million and lifting its market cap to around $213 million.

What’s fueling the pump? All signs point to the upcoming Casper 2.0 upgrade, scheduled for May 6. The update promises major network improvements like faster transaction speeds, better security, and a more developer-friendly environment — a bold move aimed at bringing more real-world businesses into Web3.

The excitement isn’t just on spot markets. Futures open interest for CSPR has spiked to $6.6 million, the highest in five months, while positive funding rates suggest bulls are firmly in control. On-chain data also shows $1.7 million in CSPR leaving exchanges over the weekend, a bullish signal indicating long-term holding.

Technically, CSPR has broken out of both a long-term descending channel and a wedge pattern that capped its growth for months. If buyers push the token above $0.025, analysts believe $0.10 could be a realistic target — though RSI indicators warn that a short-term pullback might come first.

Adding to the optimism is the recent reshuffling of Casper’s leadership team, aiming to overcome past delays and rebuild trust. Sentiment on platforms like CoinMarketCap is now overwhelmingly bullish, with 92% of traders predicting further short-term gains.

After launching its mainnet in 2021 as a proof-of-stake blockchain using the Casper CBC standard, Casper Network seemed to have faded into the background. But now, the project — and its community — look more energized than ever as Casper 2.0 looms just days away.

The coming weeks could define whether CSPR’s breakout becomes a lasting rally or just a temporary spike.

You might find interesting: Cardano Founder Sets Bold $10 ADA Target Amid New Upgrades and ETF Optimism

New ! CZ Suggests Satoshi Nakamoto Could Be a Future web3 AI

Changpeng “CZ” Zhao, co-founder of Binance, stirred the crypto world with an outlandish yet fascinating theory: Satoshi Nakamoto could be an AI from the future. In a recent interview with Turkish blockchain advocate Erhan Ünal, CZ said while he personally doesn’t know who Satoshi is, he’s heard wild theories—including the idea of a time-traveling AI inventing Bitcoin.

Who is Satoshi Nakamoto ?

“I think it’s good that we don’t know who he is,” CZ said, explaining that even those early Bitcoin contributors who communicated via email with Satoshi never uncovered anything definitive. No IP addresses, no leaks—just a legacy shrouded in secrecy.

CZ also acknowledged the possibility that Satoshi Nakamoto could be a group rather than an individual, emphasizing that whoever it was, they “covered their tracks really well.” Theories about Satoshi’s identity spiked again recently following HBO’s 2024 documentary Money Electric: The Bitcoin Mystery, which controversially named Canadian cryptographer Peter Todd as Satoshi—a claim Todd strongly denied.

On Bitcoin’s future, CZ remained optimistic, saying Bitcoin will be “way bigger than gold,” urging people not to judge new technologies using old benchmarks.

At the moment, Bitcoin’s market cap stands at $1.88 trillion, having recently fallen back to seventh place after briefly surpassing silver, Amazon, and Google earlier this month.

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Breaking ! Bitget Sues Traders After VOXEL Token Manipulation Nets $20M

Singapore-based cryptocurrency exchange Bitget is taking major legal steps after a scandal involving its VOXEL token market. According to Bitget’s head of exchange Jiayin Xie, eight user accounts are being sued for allegedly manipulating the VOXEL token’s price, profiting by over $20 million.

The issue originated from a glitch in Bitget’s market-making bot around April 20. This glitch caused extreme volatility, allowing some traders to exploit the rapid price movements — with the token briefly priced at around $0.1645. Bitget clarified that the incident wasn’t caused by hacking or an internal breach, but due to technical malfunctions that bypassed normal price controls.

In response, it immediately froze suspicious accounts, halted VOXEL trading, and announced that any recovered funds would be distributed back to affected users via airdrops. Importantly, users who traded VOXEL between 4:00 PM and 4:30 PM on April 20 and withdrew their funds will not be penalized, and their accounts have been reinstated.

This situation is attracting attention, especially after Bitget’s CEO, Gracy Chen, previously criticized Hyperliquid for their handling of a similar manipulation incident with the JELLY token. Some now accuse it of hypocrisy, although the exchange maintains that its transparency and rapid action differentiate its response.

It is determined to restore user trust, emphasizing that ensuring fairness and market integrity remains its top priority.

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Cardano Founder Sets Bold $10 ADA Target Amid New Upgrades and ETF Optimism

Charles Hoskinson, the visionary behind Cardano, recently shared an ambitious outlook for ADA, suggesting it could hit $3, $5, or even $10 if the network’s development roadmap is fulfilled. In a livestream, he emphasized that Cardano’s success now hinges on strong community backing and sustained funding.

While it has completed its original scaling plans, Hoskinson pointed out that advanced projects like Leios are still underway. He warned that delays in budget approvals could force Input Output Global (IOG) to scale back after the Leios rollout.

Meanwhile, its technical outlook is closely watched. ADA is trading near $0.70 — a critical support zone. A rebound could push it to $0.764 or even $1, while a slip below could drag it down to $0.674 or $0.60.

Adding to Cardano’s momentum is its growing interoperability: Hoskinson revealed that a Bitcoin bridge and Bitcoin integration into its Lace wallet are in the works, which could attract more DeFi developers.

Investor sentiment is also improving, especially after Grayscale filed for a spot Cardano ETF, with the approval probability recently rising from 20% to 51% according to Polymarket. A final decision on the ETF is expected by August 2025.

Overall, Cardano is at a pivotal moment — with major upgrades, new Bitcoin partnerships, and possible ETF approval lighting the path toward a multi-dollar ADA future.

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Strategy Acquires 15,355 More Bitcoin for $1.4B, Total Holdings Surpass 550K BTC

Strategy, the BTC treasury giant, has made another major Bitcoin acquisition. Over the past week, the company purchased 15,355 Bitcoin at an average price of $92,737 per Bitcoin, totaling approximately $1.42 billion, according to a filing with the SEC on Monday.

Strategy Now Controls Over 2.6% of BTC’s Fixed Supply

Michael Saylor's X post regarding Strategy's BTC purchase

This latest purchase brings Strategy’s total Bitcoin holdings to an impressive 553,555 Bitcoin, valued at over $52 billion based on current market prices of around $95,000. The company’s cumulative average purchase price now sits at $68,459 per Bitcoin, reflecting a total investment of roughly $37.9 billion, including fees.

It’s holdings now represent more than 2.6% of Bitcoin’s maximum 21 million coin supply—a dominant position in the corporate crypto world.

Meanwhile, competition is heating up. Major players like Cantor Fitzgerald, SoftBank, Bitfinex, and Tether recently launched a $3.6 billion Bitcoin investment initiative, and new firms like Twenty One Capital, led by Strike CEO Jack Mallers, are entering the Bitcoin treasury race.

It funded this latest acquisition through the sale of about 4 million shares of its Class A common stock, raising around $1.4 billion. It also sold over 435,000 STRK shares for an additional $37.5 million. Only $128.7 million worth of MSTR shares remain available for issuance under its current program.

Shares of MSTR rose 5.2% to $368.71 on Friday and gained another 1.42% in pre-market trading Monday, reflecting growing institutional confidence in Strategy’s aggressive Bitcoin tactic.

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