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Canada Seeks Crypto Donation Ban to Block Foreign Interference Risk

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Crypto Breaking News

Canada’s federal government has unveiled a broad proposal to outlaw cryptocurrency donations to political parties and related election processes, part of a wider package designed to curb anonymous and hard-to-trace contributions. The Strong and Free Elections Act was introduced on Thursday to amend the Canada Elections Act, preventing parties and third parties involved in elections from accepting crypto, money orders, and prepaid cards as political contributions.

Stepping up the push against foreign interference and other election threats, the bill’s sponsor, Steven MacKinnon, said the measures aim to “block foreign interference and other threats to elections.” He noted that the legislation expands government coordination and investment in countering such risks, with the goal of preserving free, fair, and secure elections at all times.

Key takeaways

  • The bill would prohibit political parties and election-process third parties from accepting donations in cryptocurrency, money orders, and prepaid cards, citing anonymity and traceability concerns.
  • If enacted, contributions made via any of the banned methods must be returned, destroyed, or delivered to the chief electoral officer, with penalties up to twice the amount contributed plus fixed fines of $25,000 for individuals and $100,000 for corporations.
  • Beyond donations, the legislation expands rules to address deepfakes that impersonate electoral candidates, adding an extra layer of protection for voters.
  • The move follows a 2024 recommendation from the chief electoral officer to ban crypto political donations outright due to difficulties in identifying contributors.
  • Canada has previously experimented with crypto campaign funding rules since 2019, but a similar ban attempt in 2024 stalled in Parliament before dying on the floor of the House of Commons.

What changes with the Strong and Free Elections Act?

The proposed amendments would revise the Canada Elections Act to close a notable loophole around fundraising. Under current practice, crypto donations have been permitted and treated similarly to property donations, a framework that many policymakers now view as insufficient for ensuring transparency. The new provisions would explicitly bar political actors from receiving crypto, money orders, or prepaid cards, tools often highlighted as vehicles for anonymous funding.

Enforcement provisions are designed to be concrete. Any prohibited contribution would need to be returned to the donor, destroyed, or passed to the chief electoral officer for appraisal and disposition. The penalties attached to violations reflect a deterrent approach: up to twice the amount of the contribution, in addition to statutory penalties of up to $25,000 for individuals and $100,000 for corporate entities.

In tandem with the fundraising clampdown, the bill broadens protections against disinformation by extending the prohibition on realistic political deepfakes that could mislead voters ahead of elections. The inclusion of deepfake safeguards reflects a broader concern raised in the lead-up to recent elections elsewhere, emphasizing the growing intersection of technology and electoral integrity.

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Context, history, and what comes next

Canada’s stance on crypto political donations has evolved since the practice was permitted in 2019. If enacted, the Strong and Free Elections Act would mark a decisive shift in how digital assets are treated within the political finance framework. The current proposal follows earlier momentum in 2024, when a prior version of the bill—introduced by then-public-safety minister Dominic LeBlanc—failed to advance beyond the second reading in the House of Commons and ultimately died in that session.

Supporters point to the broader regulatory environment around crypto fundraising in other jurisdictions. For instance, the United Kingdom has signaled a similar intent to cap or pause crypto donations in political campaigns, following independent reviews and political pressure. The cross-border dimension underscores a shared concern among Western democracies about the potential for crypto-based contributions to bypass traditional oversight and donor-identification requirements.

Legislation must progress through the standard parliamentary process to become law. After first reading, the bill would require committee scrutiny, a second and third reading in the House of Commons, passage through the Senate, and finally royal assent from the Governor General. As of the introduction, observers will be watching for committee studies, proposed amendments, and any coalition dynamics that shape the bill’s fate in Canada’s Parliament.

For investors and participants in the crypto space, the proposal signals a continued emphasis on regulatory clarity for political fundraising. While the bill targets a narrow channel—donations to parties and election processes—it sits within a broader pattern of tightening controls around crypto-enabled political influence. Market participants should monitor how lawmakers weigh the balance between transparency, donor privacy, and the need to prevent foreign interference as the legislative process unfolds.

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As the debate unfolds, readers should watch for updates on parliamentary progress, potential amendments to the scope of prohibited methods, and any alignment or divergence between Canada’s approach and developments in other major democracies. The coming months will clarify whether crypto fundraising becomes a regulated, clearly defined channel or a fully closed one in Canada’s political financing landscape.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Bittensor (TAO) Faces Reversal Signal After Explosive 160% Surge

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Bittensor (TAO) Price

Key Takeaways

  • Bittensor (TAO) surged more than 160% from $144 to $375 following a TD Sequential buy signal confirmation.
  • The TD Sequential has now triggered a sell signal on the 3-day chart, suggesting potential trend exhaustion.
  • TAO currently trades at $322.33, confronting critical resistance levels at $322.33 and $358.34.
  • The RSI indicator registers 55.86, indicating moderate bullish momentum, while MACD stays beneath its signal line.
  • Critical support exists around $300, with a potential decline targeting the $260–$280 range if broken.

Bittensor (TAO) has delivered an impressive performance recently. The cryptocurrency surged over 160% from its $144 low to reach $375 after the TD Sequential indicator confirmed a buy opportunity. However, this same technical tool is now displaying a sell signal, capturing the attention of market participants anticipating a possible correction.

Bittensor (TAO) Price
Bittensor (TAO) Price

Currently, TAO is valued at $322.33. Trading volume over the past 24 hours reached $1.19 billion, while the market capitalization stands at $3.47 billion. The token registered a modest gain of 0.39% during the last trading day.

On March 28, 2026, cryptocurrency analyst Ali Martinez shared insights via X, emphasizing how the TD Sequential indicator accurately forecasted the buy opportunity ahead of TAO’s significant upward movement. Martinez observed that this identical indicator has now generated a sell signal, implying that traders might want to consider securing profits in the near term.

Understanding the TD Sequential Sell Signal

The TD Sequential represents a popular technical analysis instrument designed to spot potential trend reversal points. This indicator successfully identified the entry opportunity preceding TAO’s 160% advance. Currently, on the 3-day timeframe, it has switched to a sell configuration.

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This development doesn’t necessarily mean an instant price decline is imminent. Nevertheless, following such a substantial upward move, the signal modifies the risk-reward equation. Early investors typically engage in profit-taking activities when these signals emerge.

TAO is presently positioned exactly at the $322.33 resistance threshold. An additional significant level exists at $358.34 on the MA Ribbon. The cryptocurrency successfully broke above its short-term moving average at $244.18, which provided momentum for the rally.

The RSI currently stands at 55.86, reflecting strengthening momentum without entering overbought territory. The MACD shows a reading of 12.26 but remains underneath its signal line at -22.87. The MACD histogram registers -35.13, indicating momentum is shifting toward positive territory though definitive confirmation remains absent.

Critical Support and Resistance Zones

Should TAO fail to penetrate $358.34 and maintain levels above $380, bearish pressure may intensify. The initial crucial support zone lies near $300, a level with significant psychological importance. A breakdown beneath this threshold could drive prices toward the $260–$280 region, where substantial buying activity previously occurred.

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For those with bullish positions, a decisive breakthrough above $380 accompanied by robust volume would indicate continuation of the uptrend. In the absence of such movement, current price behavior appears more characteristic of consolidation or potential distribution.

Several market analysts have highlighted TAO’s capped supply of 21 million tokens and its integration with decentralized AI infrastructure as catalysts for sustained long-term interest. The appetite for AI-focused blockchain initiatives has been expanding.

TAO presently maintains its position above short-term moving average support levels, with resistance at $322.33 and $358.34 serving as focal points as market participants monitor for the next directional shift.

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Kalshi faces new state lawsuit as gambling claims grow

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U.S. Senate Agriculture Committee advances CLARITY Act

Kalshi is facing a new legal challenge after Washington state sued the prediction market operator over its event-based contracts. 

Summary

  • Washington sued Kalshi, alleging its contracts broke gambling and consumer protection laws in the state.
  • Kalshi moved the Washington case to federal court and said the state gave no warning.
  • Nevada and Arizona also challenged Kalshi as pressure on prediction markets grew across several states.

The case adds to a growing list of state actions against the company as regulators question whether its products amount to unlicensed gambling.

Washington Attorney General Nick Brown filed the complaint on Friday, alleging that Kalshi violated state gambling rules through its website and app. The state said the platform offered consumers a way to place money on future events and receive payouts based on outcomes.

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The complaint said Kalshi breached the Washington Consumer Protection Act, the Gambling Act, and the Recovery of Money Lost at Gambling Act. State officials pointed to Washington’s ban on online gambling and its tight control of the gaming market as the basis for the lawsuit.

Brown’s office said Kalshi’s platform worked like a sportsbook. In its statement, the office said, 

”Kalshi’s website and app show consumers a range of events that they can bet on and the odds for those various events, which dictate how much the bettor will be paid out if the event occurs.”

Washington said the company’s products fall under the state’s definition of gambling. Under state law, gambling includes risking something of value on the outcome of a contest of chance or a future contingent event.

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The attorney general’s office said each Kalshi contract involved money, chance, and a payout to winners. It also argued that calling the service a prediction market did not change how the products function under state law. The complaint said Kalshi let users ”bet on anything” while avoiding the gambling label.

Kalshi moved quickly to shift the case to federal court. In its filing, the company said the issues raised in Washington were already being fought in other federal courts and that there had been ”no warning or dialogue” from the state before the lawsuit.

Legal pressure grows across several US states

The Washington case follows other recent legal setbacks for Kalshi. Earlier this month, a Nevada judge temporarily blocked the company from operating in the state after finding that regulators were likely to succeed in their case.

Arizona also moved against the company days earlier. Attorney General Kris Mayes announced charges, alleging that Kalshi ran an illegal gambling business in the state without a license and offered illegal election wagering.

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Kalshi has argued that the US Commodity Futures Trading Commission has exclusive authority over its event contracts. Even so, state regulators and lawmakers continue to challenge the platform as scrutiny around prediction markets grows across the United States.

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BNP Paribas brings crypto ETNs to investors in France

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BNP Paribas brings crypto ETNs to investors in France

BNP Paribas is widening its digital asset offering in France by adding six crypto-linked exchange-traded notes for retail investors. 

Summary

  • BNP Paribas will launch six Bitcoin and Ether ETNs for clients in France on Monday.
  • Clients can access crypto price exposure through securities accounts without buying or storing Bitcoin directly.
  • The launch extends BNP Paribas’ digital asset push after tokenized fund and blockchain bond activity.

Meanwhile, the move gives clients access to Bitcoin and Ether through regulated market products without requiring direct crypto custody. The launch also adds to the bank’s wider blockchain and tokenization activity across Europe.

BNP Paribas will offer six crypto-linked ETNs to retail clients in France from Monday through standard securities accounts. The products track the price of Bitcoin and Ether and will be available to individual investors, entrepreneurs, private banking clients, and users of Hello bank!.

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The bank may later extend access to wealth management clients outside France. This step places BNP Paribas among the large European banks expanding digital asset exposure through listed and regulated investment products rather than direct token trading.

The ETNs allow investors to follow the performance of Bitcoin and Ether without buying or storing the assets directly. This structure removes the need for private wallets or direct handling of crypto holdings through an exchange.

At the same time, the products carry credit risk because the investment depends on the issuer’s ability to meet its obligations. The offering gives clients a regulated route into crypto-linked exposure while keeping the investment within a traditional securities account framework.

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In addition, the new offering follows BNP Paribas’ broader work in digital finance. In 2024, the bank arranged and placed Slovenia’s first digital sovereign bond, which marked the European Union’s first blockchain-based government bond issuance.

The bank has also expanded its role in institutional blockchain networks. In September last year, BNP Paribas and HSBC joined the Canton Foundation, which oversees the Canton Network, a blockchain system built for institutional finance and tokenized real-world assets.

European market shows wider crypto ETN growth

BNP Paribas’ move comes as more European institutions add crypto-linked products to their investment platforms. ING Germany recently expanded its range with crypto ETNs from Bitwise and VanEck, showing continued demand for listed digital asset exposure.

The market has also reopened in the United Kingdom. Crypto ETNs returned to UK retail trading in October 2025 after the Financial Conduct Authority reversed its earlier ban. 

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BNP Paribas’ launch adds France to that broader regional trend as banks test regulated crypto access through existing investment channels.

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Gold Price Analysis: Singapore To Tap Gold Ecosystem

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Gold price might just get a big push from Singapore, and the analysis for the metal is getting bullish. Singapore is making a calculated push to become the Asia-Pacific’s dominant gold trading hub, and the institutional machinery backing that move is significant.

The Monetary Authority of Singapore announced on March 27, 2026, that it would build out a full gold ecosystem, covering physical vaulting, capital market products, OTC clearing, and central bank storage services. Gold price has held elevated as institutional demand accelerates.

MAS Deputy Chairman Chee Hong Tat confirmed the initiative alongside the Singapore Bullion Market Association, framing it explicitly as a new pillar for Singapore’s wealth management sector.

“What we’re doing is to create an ecosystem that enables gold trading activities based out of Singapore,” Chee said, describing the effort as “planting trees in an ecosystem.”

The working group, formed in January 2026, includes heavyweights DBS, JPMorgan, UBS, UOB, ICBC Standard Bank, SGX, and the World Gold Council. The LionGlobal Singapore Physical Gold ETF debuted on SGX just one day prior, on March 26, offering fractional exposure in both SGD and USD through vault operators Brink’s, Loomis, and Malca-Amit.

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The convergence of sovereign-level institutional infrastructure and a brand-new ETF launch positions Singapore’s gold market at an inflection point, one that increasingly intersects with blockchain-based settlement and tokenized real-world asset infrastructure.

Discover: The best pre-launch token sales

Gold Price Analysis: Can Singapore’s Gold Push Sustain Bullion’s Institutional Bid?

Gold’s macro setup remains structurally bullish. Central bank accumulation, persistent dollar uncertainty, and now Singapore’s formal vaulting ambitions for foreign sovereign entities are layering new demand floors beneath spot prices.

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The MAS initiative targets four pillars: physical infrastructure for storage and transport, gold-related capital market products for price discovery, a clearing and settlement system for large bars (12.4kg, the London standard) and kilobars (1kg, the Asian standard), and vaulting services for foreign central banks potentially held within MAS’s own vault.

Gold price might just get a big push from Singapore, and the analysis for the metal is getting bullish. Here's why.
XAU USD, TradingView

That last point deserves attention. Sovereign vaulting demand doesn’t fluctuate with retail sentiment, it anchors long-term institutional positioning. Industry analysts note Singapore is now positioning directly alongside Dubai, Shanghai, and Hong Kong as a primary Asian bullion hub. Job creation across vaulting, trading, and analysis is expected as the ecosystem matures through 2026.

Gold price is falling right now, but Singapore might push it higher than the previous highs.

Discover: The best crypto to diversify your portfolio with

LiquidChain Targets Early Mover Upside as Gold’s Digital Infrastructure Layer Heats Up

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Singapore’s gold push isn’t happening in isolation. The settlement infrastructure, clearing systems, and capital market products Chee described all point toward the same destination: programmable, verifiable asset settlement on-chain.

Institutional blockchain infrastructure is already moving in this direction, and tokenized real-world asset protocols are scaling fast. Spot gold, at current elevated prices, offers limited asymmetric upside for late-stage entries; the structural gains increasingly accrue at the infrastructure layer underneath it.

That’s the thesis behind LiquidChain ($LIQUID), an L3 infrastructure project currently in presale at $0.01435, with over $600K raised to date. LiquidChain fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment. Its Unified Liquidity Layer enables Single-Step Execution across all three ecosystems without bridging friction. Developers deploy once and access all.

Verifiable Settlement in Liquid Chain bakes auditability directly into the execution layer. As cross-chain interoperability becomes the backbone of institutional DeFi, early-stage L3 infrastructure plays carry the kind of asymmetric upside that spot gold simply can’t match at this market cap.

Research LiquidChain’s presale terms here.

This article is for informational purposes only and does not constitute financial advice. Crypto assets are highly volatile. Always conduct your own research before investing.

The post Gold Price Analysis: Singapore To Tap Gold Ecosystem appeared first on Cryptonews.

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Dogecoin (DOGE) Exhibits Pattern That Previously Sparked 5,800% and 21,000% Rallies

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

Key Takeaways

  • Dogecoin currently hovers around $0.09106, residing in what historical cycles indicate as a prolonged consolidation period.
  • Technical analysis from Bitcoinsensus reveals Cycle 3 displaying structural similarities to Cycles 1 and 2, which delivered returns of 5,800% and 21,000% respectively.
  • Progressive higher lows characterize each DOGE cycle — Cycle 1 bottomed around $0.000020, Cycle 2 near $0.00070, and Cycle 3 maintaining support above $0.09.
  • Trader sentiment on Binance leans bullish, with long-to-short ratios climbing across both account counts and trading volume.
  • ETF activity shows no momentum, maintaining zero daily net inflow while total net assets hover near $9.12 million without institutional participation.

Dogecoin (DOGE) currently changes hands at approximately $0.09106. The popular meme cryptocurrency has captured renewed interest following a technical analysis shared by crypto analyst Bitcoinsensus, which examines three distinct DOGE market cycles in parallel.

[[IMG_6]]
Dogecoin (DOGE) Price

The first cycle delivered explosive returns exceeding 5,800%. The second cycle surpassed expectations with staggering gains topping 21,000%. Both cycles exhibited identical structural characteristics: gradual accumulation, explosive upward momentum, followed by substantial retracement. The current Cycle 3 demonstrates striking similarities to this established framework.

DOGE achieved a cycle high approaching $0.70 before entering a correction phase. The asset has subsequently declined and currently finds equilibrium within the $0.09 to $0.10 trading corridor.

A notable consistency spanning all three cycles involves progressively higher cyclical lows. The first cycle established its base near $0.000020. The second cycle formed support around $0.00070. The third cycle has successfully defended levels above $0.09 throughout its current retracement.

This ascending low structure indicates buyer conviction intensifying at progressively higher valuations with each successive cycle. The pattern demonstrates Dogecoin attracting an expanding participant base across time.

Binance Trading Activity Reveals Bullish Sentiment

Recent Binance metrics reveal a notable shift in trader positioning. The long-to-short ratio among experienced traders has expanded, evident in both participant count and capital allocation. This development indicates increasing numbers of traders establishing long positions on DOGE appreciation, with many expanding position sizes rather than reducing exposure.

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Such positioning typically reflects strengthening market conviction, though it simultaneously creates conditions for crowded trades. When trader sentiment becomes excessively one-directional, brief corrections frequently emerge.

Nevertheless, current positioning data confirms active accumulation at prevailing price levels, representing deliberate strategy rather than reactive trading to existing price movement.

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Technical Indicators Suggest Market Coiling for Breakout

Examining technical metrics, the RSI registers near 42 — occupying neutral territory between overbought and oversold conditions. The MACD displays minimal momentum. The ADX reads approximately 15, validating the absence of directional trend strength currently.

Bollinger Bands have contracted significantly, establishing resistance around $0.10 and support near $0.09. Historical precedent shows compressed bands typically precede volatility expansion.

A decisive move above $0.10 could establish a trajectory toward $0.15. Conversely, if support at $0.09 fails, additional downside becomes probable.

Regarding ETF activity, daily net inflows register at zero. Total net assets remain around $9.12 million without expansion. Institutional capital flows through this vehicle have remained dormant.

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Market analyst Vuori Trading shared on X that DOGE currently occupies what they characterized as a “generational buying zone,” asserting that “there is no reason why this thing can’t hit $10+ this cycle.”

ETF inflows continue showing zero activity on a daily basis, with total net assets stabilized around $9.12 million.

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Solana (SOL) Faces 77% Decline as Technical Patterns Signal Potential Drop to $60

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

Key Highlights

  • Solana has achieved the highest number of all-time unique developers at 10,864, overtaking Ethereum’s 9,017 total
  • Current SOL price sits at approximately $82.70, representing a massive decline from the 2025 high-water mark, with technical analyst Wealthmanager forecasting a decline toward $60
  • Three consecutive rejections at the $250 resistance zone demonstrate persistent selling pressure at that critical threshold
  • The number of active DEX traders on Solana has collapsed to levels not seen in three years, indicating diminished on-chain engagement
  • Technical analyst Crypto Patel identifies the present price zone near the 0.618 Fibonacci level as a possible long-term buying opportunity spanning $75 to $45

Solana (SOL) currently hovers around the $82.70 price point, maintaining a market capitalization exceeding $47 billion. The digital asset has experienced a dramatic pullback of more than 77% from its 2025 record high. Widespread cryptocurrency market turbulence has significantly impacted the token’s valuation despite impressive underlying network statistics.

[[IMG_4]]
Solana (SOL) Price

Network performance metrics remain robust. Solana has overtaken Ethereum in cumulative unique developer participation, boasting 10,864 contributors versus Ethereum’s 9,017 count. Polkadot occupies third position with 8,995 developers. The blockchain consistently handles more than 3,000 transactions every second on an ongoing basis.

However, solid fundamental indicators have failed to drive upward price momentum. SOL has encountered rejection at the $250 resistance threshold on three separate occasions. This price level has established itself as a formidable barrier where selling pressure reliably materializes.

Futures trading volume has experienced a pronounced decline following the previous peak. Bubble map analytics reveal diminishing demand throughout the market, with the intense buying activity that previously fueled the surge now notably absent.

Bearish Outlook: $60 Target Emerges

Technical analyst Wealthmanager identifies a well-defined macro bearish trend extending from the 2025 apex. SOL continues forming successive lower peaks and troughs. Resistance spanning $100 to $120 has consistently repelled every upward correction effort.

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Wealthmanager holds a short position outlook and anticipates a decline reaching the $60 threshold within a fortnight. Unconvincing bounce formations indicate that buyers currently lack sufficient strength to counteract prevailing downward pressure.

Should this support level fail, the $60–$65 demand area represents the subsequent critical zone for observation. This price range previously provided foundation during the 2024 uptrend.

Examining the two-day timeframe, price movements are developing what analyst Crypto Patel characterizes as a rising wedge configuration. This technical structure has emerged beneath the 200-week moving average. The pattern generally functions as a bearish continuation indicator when appearing following a substantial downturn.

The chart displays a rejection area positioned near the wedge’s upper boundary. A breakdown through the lower trendline would potentially trigger another downward wave.

On-Chain Metrics Show Deterioration

An additional chart published by analyst Sweep using Dune Analytics reveals DEX trader participation on Solana descending to approximately three-year lows. Wallet counts across Solana-based decentralized exchanges experienced substantial growth throughout 2024 but have subsequently undergone sharp reversal.

The metric monitors trader quantity rather than aggregate transaction value. Nevertheless, the retreat to multi-year minimums underscores a pronounced deceleration in speculative network activity.

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Contrarian Long-Term Perspective Remains

Crypto Patel interprets the current trading zone through an alternative lens focused on extended timeframes. He observes Solana is positioned near the 0.618 Fibonacci retracement boundary, spanning $75 to $45. This region corresponds with historical support zones and previous consolidation phases.

He designates this as a prospective accumulation territory, projecting long-term price objectives between $500 and $1,000 across multiple market cycles. He maintains this technical framework remains valid provided price action avoids a definitive breach below $45.

Analyst Moonbag shares a comparable perspective, highlighting price consolidation between support around $80 and resistance approaching $200. He envisions a potential upside breakout targeting $400–$600 should broader market sentiment strengthen.

As of publication, SOL is valued at $82.70.

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Cardano (ADA) Price Struggles at Multi-Year Support While Whales Snap Up 270M Tokens

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

Key Takeaways

  • Cardano is currently priced at $0.2449, resting on a crucial support zone dating back multiple years
  • Futures market indicators reflect pessimism — declining open interest and negative funding rates
  • Large wallet holders added 270 million ADA between midweek and Friday’s close
  • The Cardano network continues to see daily active users below 900, significantly under previous peaks
  • Technical analyst Ali Charts identifies $0.245 as the pivotal support threshold to monitor

As of this writing, Cardano (ADA) is changing hands at $0.2449, clinging to a support zone that has held significance since 2022. Over recent sessions, the token has shed close to 6%, effectively erasing gains that emerged earlier in the week.

[[IMG_2]]
Cardano (ADA) Price

Price movement has largely been range-bound throughout February. This week’s session saw selling pressure intensify, driving ADA back toward the bottom boundary of its established trading channel.

The cryptocurrency is presently positioned beneath both its 50-day and 100-day Exponential Moving Averages (EMAs). On the daily timeframe, the Relative Strength Index (RSI) registers approximately 43, dipping below the neutral 50 threshold and indicating subdued bullish momentum.

Meanwhile, the MACD indicator has crossed beneath its signal line around the zero mark. This technical development confirms the absence of robust buying interest and indicates ADA continues navigating through a prolonged correction.

Futures Open Interest has contracted to $402.94 million, experiencing a steady decline since the middle of March. This reduction reflects diminishing market participation and validates a conservative short-term perspective.

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According to CoinGlass, the current long-to-short ratio stands at 0.83, marking its lowest reading in more than 30 days. When this metric falls below 1.0, it indicates that more market participants are betting on downward price movement rather than upward.

Additionally, funding rates have turned negative at -0.0015%. Under these conditions, short position holders compensate long position holders to maintain their trades, demonstrating that pessimistic sentiment prevails in the derivatives landscape.

Large Holders Increase Positions Near Support Zone

While derivatives markets flash warning signs, blockchain data reveals a more complex picture. Addresses containing 100,000 to 1 million ADA, alongside those holding 10 million to 100 million ADA, collectively acquired 270 million tokens from Wednesday through Friday.

[[IMG_3]]
Source: Santiment

Meanwhile, wallets managing 1 million to 10 million ADA reduced their holdings by approximately 20 million tokens over the same timeframe, suggesting this segment may have surrendered positions while bigger players purchased at lower levels.

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According to CoinGlass metrics, there’s considerable buying support clustering around $0.24, with whale participants establishing $31 million in net long exposure through Binance and OKX perpetual contracts. Spot trading volumes, however, continue at modest levels, potentially signaling that major buyers await clearer trend direction before increasing exposure.

On-Chain Engagement Stays Muted

Throughout March, Cardano’s network engagement has displayed persistent weakness. Since mid-December, daily active users have consistently registered below 900, a stark contrast to the tens of thousands the platform routinely saw during more active periods.

[[IMG_4]]
Source: Artemis

Cardano address count has experienced modest growth, expanding from 4.3 million to 4.44 million, potentially signaling gradual accumulation at reduced price levels during this consolidation period.

Critical Support and Resistance Zones

Looking at downside risk, initial support is located at $0.24. Should ADA close below this threshold on a daily basis, it would expose the $0.23–$0.22 range. For upside potential, the nearest resistance barrier appears at $0.27, with a more substantial obstacle positioned around $0.30.

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Technical analyst Ali Charts has highlighted $0.245 as the crucial support zone deserving attention for ADA, which corresponds closely with current trading levels.

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BNP Paribas Adds Bitcoin, Ether ETNs for France Retail Users

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BNP Paribas Adds Bitcoin, Ether ETNs for France Retail Users

French multinational universal bank BNP Paribas is expanding its investment offering to include six crypto-linked exchange-traded notes (ETNs), giving retail clients in France access to Bitcoin and Ether exposure through regulated products.

The new ETNs, indexed to the price of Bitcoin (BTC) and Ether (ETH), will be available from Monday via standard securities accounts, according to the company. The products are open to individual investors, entrepreneurs, private banking clients and users of the bank’s digital platform, Hello bank!. The rollout may later extend to wealth management clients outside France.

Unlike direct crypto purchases, ETNs allow investors to track the performance of digital assets without holding them. ETNs have credit risk (if the bank fails, you lose money), no tracking error and tax advantages.

The move builds on the French bank’s broader digital asset efforts. In 2024, BNP Paribas arranged and placed Slovenia’s first digital sovereign bond, marking the European Union’s debut issuance of a blockchain-based government bond.

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Related: Trading 212 let UK retail trade crypto ETNs without FCA approval: FT

BNP Paribas join Canton Network

In September last year, BNP Paribas and HSBC joined the Canton Foundation, which governs the Canton Network, a blockchain focused on institutional finance and real-world asset tokenization.

Prior to this, BNP Paribas joined Goldman Sachs, Citadel and other major financial players in backing Digital Asset’s $135 million funding round. Digital Asset is the firm behind Canton.

Last month, BNP Paribas Asset Management also launched a tokenized share class of a money market fund on the Ethereum blockchain, expanding its push into fund tokenization using public infrastructure. The move builds on an earlier private blockchain issuance in Luxembourg.

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Related: Germany‘s central bank president touts stablecoin and CBDC benefits for EU

Crypto ETN adoption grows in Europe

Adoption of crypto-linked ETNs is expanding across Europe, with ING Germany adding new products from Bitwise and VanEck to its investment offering.

Crypto ETNs also returned to the UK retail market in October 2025 after the Financial Conduct Authority (FCA) reversed a ban imposed in 2021.

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