Connect with us
DAPA Banner

Crypto World

Trump extends Iran strike pause, trimming price decline

Published

on

Trump extends Iran strike pause, trimming price decline

Bitcoin pared earlier losses Thursday afternoon after U.S. President Donald Trump said he would extend a pause on attacks against Iran’s energy infrastructure.

In a Truth Social post, Trump said the pause will now be 10 days, citing ongoing diplomatic talks.

“As per Iranian Government request… I am pausing the period of Energy Plant destruction by 10 Days,” Trump wrote, adding that the “talks are ongoing” and “they are going very well.”

The news helped stabilize markets after an ugly Thursday that saw bitcoin slide 3% and the Nasdaq 2.4%, with that tech-heavy index now lower by about 10% since peaking for the year in late January.

Advertisement

The surge in oil prices since the breakout of hostilities has garnered most of the headlines, but the selloff in Western bond markets is growing more troublesome.

The U.S. 10-year Treasury yield — below 4% just weeks ago — jumped to as high as 4.43% on Thursday, before pulling back to the current 4.41%. Alongside that sharp rise has been not just the vanishing of expectations for Federal Reserve interest rate cuts, but also serious bets that the U.S. central bank will soon hike rates.

Similar moves in bond yields and central bank expectations are taking place across Western Europe as well.

Nevertheless, the Trump comments sent bitcoin higher by about 1% from its worst levels, and it is now trading just above $69,000. Ether (ETH), XRP (XRP), Solana (SOL) and all also rebounded from session lows, though they remained 3%-5% lower over the past 24 hours.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Kite price slips below $0.22 as AI token cools after March spike

Published

on

RedStone deploys price oracle to bolster Stellar DeFi security

Kite is trading around $0.21–$0.22 with ~$400m market cap as profit‑taking and a broader AI‑token cooldown knock the AI payment chain about 30% off its early‑March high.

Kite (KITE), a token tied to an AI-centric blockchain and payments ecosystem, is changing hands around $0.21–$0.22 today, easing back after a stretch of explosive gains. CoinMarketCap lists KITE at approximately $0.2148 with a 24-hour trading volume of $114.68 million and a live market capitalization of about $394.2 million, based on a circulating supply of 1.83 billion tokens. MEXC’s latest market note shows Kite trading at $0.22, up 20.3% in a prior 24-hour rally that saw volume hit $152.78 million, with the token briefly topping the platform’s gainer list. Those shifts underscore how quickly capital has rotated into and out of KITE as traders chase momentum.

Advertisement

Recent price action marks a comedown from early March highs. Phemex reported on March 5 that Kite surged 26% to a new all-time high, pushing above $0.30 amid what it described as strong market participation. By comparison, current prices near $0.21–$0.22 leave KITE roughly 30% off that peak, even as it remains up sharply versus late-2025 levels. Earlier coverage from AInvest highlighted Kite’s “market debut” in late 2025, noting rapid appreciation from initial listings and positioning the token as a high-beta AI play.

Kite is marketed as an AI-focused infrastructure and payments token, aligning it with the broader cluster of AI-related cryptocurrencies that saw outsized gains in late 2025 and early 2026. Binance’s coverage of the token’s early trading framed KITE as part of a wave of “AI payment chain” assets that rebounded alongside sector-wide AI sentiment. Mitrade’s February 2026 brief, titled “Kite Price Forecast: KITE surges 14%, outpacing other AI crypto tokens,” noted that Kite was outperforming its AI peers during that period, reflecting strong speculative demand. Together, those data points place KITE within the AI and infrastructure category rather than in DeFi or memecoin niches.

While detailed on-chain whale analytics for Kite are limited in public dashboards, the size and persistence of recent volume spikes hint at substantial large-trader participation. MEXC’s report emphasizes that KITE’s single-day volume of $152.78 million represented a jump of more than 70% versus its prior average, suggesting both new entries and active profit-taking. CoinMarketCap’s volume figures, consistently above $100 million in recent sessions, support the view that price swings are being driven more by short-term trading flows than by slow, organic accumulation.

Kite’s trajectory also mirrors a broader cooling in AI crypto after an overheated start to 2026. Sector-wide pieces have documented how AI tokens rallied aggressively before giving back part of their gains as traders reassessed valuations and rotated into other narratives. For readers tracking performance in real time, the Kite price page on the crypto.news market-cap dashboard offers live quotes, market cap and volume metrics, and can be used to compare KITE’s volatility and liquidity against other AI-focused tokens and major benchmarks like Bitcoin and BNB.

Advertisement

Source link

Continue Reading

Crypto World

Coinbase-Backed Crypto Advocacy Organization Unveils 2026 Election Plan

Published

on

Coinbase-Backed Crypto Advocacy Organization Unveils 2026 Election Plan

Stand With Crypto (SWC), the advocacy organization launched by cryptocurrency exchange Coinbase, said that its strategy for turning out crypto-minded voters in the 2026 US midterm elections will prioritize races in Ohio and Pennsylvania.

In a Thursday announcement, SWC said its November 2026 battleground races would include industry-supported candidates in Iowa, Nevada, New York, North Carolina, Ohio, and Pennsylvania, where “crypto voters represent a meaningful and potentially decisive share of the electorate.”

The advocacy group added that its priority for the midterms would be in Ohio’s 9th Congressional District and Pennsylvania’s 10th Congressional District, where the respective incumbents Democrat Marcy Kaptur and Republican Scott Perry “have concerning records on crypto policy.” Perry voted against the GENIUS Act in 2025, while Kaptur voted against the payment stablecoins bill and the CLARITY market structure bill.

Advertisement

Stand With Crypto said it would use an “aggressive, get-out-the-vote effort” with its advocates, including “paid media campaigns across digital and direct mail, targeted SMS outreach, and robust digital organizing through email and social platforms” as well as groundwork to turn out crypto voters. The group’s platform includes information on candidates’ positions on crypto policy based on their public statements, voting records and their responses to the organization’s questionnaire

Launched in 2023 as part of an effort to “unite global crypto advocates,” SWC is one of several crypto-affiliated organizations expected to influence voters in 2026. The group reported about 270 “pro-crypto” candidates won seats in the US House of Representatives and Senate in 2024, with many of the same candidates up for reelection this year.

Related: Crypto-backed PAC spends $8.6M in Illinois races ahead of US midterms

Stand With Crypto said in November 2025 that how US lawmakers vote on a crypto market structure bill could impact their reelection prospects. At the time, the Senate was expected to move forward on market structure legislation, but it is still unclear if or when the bill will advance out of committee and for a full floor vote.

Advertisement

“[As] market structure legislation continues to be negotiated in Congress, 74% of crypto owners say they would be more likely to support a candidate who supports making clearer regulations for cryptocurrency, with nearly a third (31%) who say they would be much more likely to support such a candidate,” SWC said as part of a February survey of 1,000 crypto holders.

2026 races seen testing crypto industry’s impact on candidates

Money from the crypto industry funneled through political action committees (PACs) like Fairshake may have already influenced 2026 voters in early state primaries.

Protect Progress, a Fairshake affiliate spent $1.5 million opposing the reelection of Texas Representative Al Green, who has served in Congress since 2005. Although Green did not lose the Democratic primary, he will head to a runoff with Christian Menefee in May. SWC rated Menefee as “strongly supports crypto.”

However, in Illinois, Lieutenant Governor Juliana Stratton won the Democratic Senate primary against Representatives Raja Krishnamoorthi and Robin Kelly. The victory came despite crypto-tied lobbyists spending millions of dollars on media buys supporting Krishnamoorthi. Stratton is expected to win in the general election and take the seat of retiring Democratic Senator Dick Durbin.

Advertisement