cryptonewsflash

While the #Cardano short-term momentum remains constrained, an analysis suggests the asset has significant prospects in the mid- to long-term.
Cardano (ADA) is down over 80% from the cycle’s high of $1.32, mirroring the broader market’s bearish trend. However, the next bullish phase holds promising price action for the altcoin if recent analysis proves true.
Key Points
Analysis suggests that the mid- to long-term looks “absolutely perfect” for Cardano despite the short-term trend.Cardano has held above a key support area around $0.221 on the weekly chart.The price is also on the cusp of breaking above a multi-month descending trendline.The midterm target for this bullish setup is the upper band of the price range Cardano has traded within since March 2022, aligning with $1.178.Meanwhile, the bull cycle target is a new all-time high of $6.30, a 2,461% rise from the current market price.For all of this to happen, ADA must remain above the $0.22 support area.
Cardano Still Perfect
This analysis comes from Celal Kucuker, who, in a recent X post, noted that the mid- to long-term outlook looks “absolutely perfect” for Cardano despite the short-term trend. While ADA trades near previous cycle lows and over 90% down from its all-time high, the analyst maintains a bullish disposition.
An accompanying chart further highlights why this is so. Cardano has held above a key support area on the weekly chart, and the commentary believes this is positive. This demand zone lies around $0.221, where ADA last visited on February 6. Interestingly, other analysts view that move as a double bottom formation, targeting a massive rebound when conditions improve.

Furthermore, Kucuker’s chat shows a descending trendline emerging from the August 2025 high of $1.019. This neckline resistance has suppressed ADA’s price from the high until recently. The analyst noted that a breakout occurred on the daily chart when the coin rallied to the intraday high of $0.268 on April 17.
While that momentum has not sustained, the compression from the trendline and the horizontal support lower suggests that a breakout is on the horizon.
ADA Mid- and Long-Term Targets
The analysis suggests that these bullish setups are why the current consolidatory trend might be temporary. As such, Kucuker recommends patience, claiming that it will come with great reward. Additionally, he highlighted mid- and bull cycle targets for ADA with this setup.
The midterm target is the upper band of a price range that Cardano has traded within since March 2022. The area aligns with the $1.178 price mark, representing a 379% surge from the current price of $0.246.
Meanwhile, the bull cycle target is a new all-time high of $6.30, a 2,461% rise from the current market price. This target aligns with the tip of a multi-year ascending channel on the weekly chart.
Notably, for all of this to happen, ADA must remain above the $0.22 support area. Falling below weakens the setup and paves the way for further price decline.
#CryptoNewsFlash

Bittensor (TAO) just dropped from ~$385 → ~$250
That’s a brutal -35% move in one month. 🚨
📉 What happened?
• April 10: Covenant AI (top subnet) exited
• Dumped ~37K TAO (~$10M)
• Accused the network of “decentralization theatre”
• Price crashed $340 → $262 in a single day
• ~$900M market cap wiped
🧠 Why this matters
TAO wasn’t just another altcoin.
It was the leader in decentralized AI crypto, with strong narrative backing (Nvidia, Anthropic mentions).
👉 Losing a key player = narrative damage
BUT:
• Network stayed online
• No exploit / no technical failure
• Fundamentals still intact (for now)
📊 Key levels to watch
• $250–$265 → Major support
• Lose $250 → next zone ~$200
• Reclaim $340 → bullish continuation toward $400
🧭 My take
This is NOT a tech failure.
It’s a confidence shock.
Recovery depends on:
• Governance transparency
• Market conditions (BTC stability)
• Institutional flows (ETF narrative)
🤔 What’s your move?
Are you:
🟢 Buying this dip?
🔴 Waiting for $200?
Crypto XAUT AI
Smart Money • AI Insights
#TAO #Bittensor #CryptoAI #Altcoins #CryptoNews

#Ripple CEO Brad Garlinghouse says the U.S. crypto industry may finally achieve regulatory clarity through the proposed Digital Asset Market Structure Clarity Act.
He made the remarks while marking his 11th anniversary at Ripple, reflecting on the company’s long campaign for clearer digital asset regulations in the United States.

After more than a decade of advocacy, Garlinghouse believes the momentum in Washington indicates that the crypto industry is closer than ever to achieving regulatory clarity. 
Key Points
Ripple CEO Brad Garlinghouse says the U.S. crypto industry is approaching a decisive moment in its push for regulatory clarity. He suggested that growing momentum in Washington suggests the industry is closer than ever to achieving clear crypto regulations through the Clarity Act. The Ripple CEO disclosed that the window to pass the Clarity Act is currently open, but warned that the opportunity may not last forever. Despite initially projecting that the Clarity Act would become law this month, recent delays have lowered his confidence in that timeline. 
Clarity Act Window Now Open: Garlinghouse   
Following meetings with key lawmakers in Washington, including Bill Hagerty and Patrick McHenry, Garlinghouse said the crypto sector is closer than ever to securing clear regulatory rules. He added that the industry’s long fight for regulatory clarity has been worthwhile.
Notably, policymakers are working toward what could become the first comprehensive U.S. regulatory framework for digital assets through the Clarity Act. The proposed legislation aims to define how digital assets are classified and regulated.
As discussions continue, Garlinghouse stressed that the “window” for meaningful legislation, particularly the Clarity Act, is open. However, he warned that this opportunity may not last indefinitely and urged industry stakeholders to act while momentum remains strong. 
Why Clear Legislation Still Matters Despite the SEC’s Recent Shift
Garlinghouse expressed a similar view at the Semafor World Economy Summit. During a fireside chat, he pointed to a recent joint statement from the U.S. SEC and the CFTC. 
The agencies issued joint guidance that introduced the first formal taxonomy for classifying digital assets under U.S. federal law. Notably, the statement categorized XRP as a digital commodity.
According to Garlinghouse, the coordinated approach between the two regulators could mark the end of what he described as years of regulatory hostility toward the crypto industry. Nonetheless, he emphasized that regulatory alignment without legislation remains fragile. 
He warned that a future change in SEC leadership could revive aggressive enforcement policies unless Congress establishes clear statutory guidelines. For this reason, Garlinghouse continues to view the Clarity Act as essential for creating permanent rules governing digital asset classification and oversight. 
Ripple CEO Less Optimistic About April Timeline
Earlier in February, he predicted an 80% chance that the bill would become law by April. However, delays caused by disagreements over certain provisions, particularly stablecoin yield restrictions, have reduced his confidence in the timeline.
Despite the slower progress, Garlinghouse believes negotiations may be nearing a breakthrough. He suggested that growing frustration among lawmakers and industry participants could ultimately push both sides toward compromise.
Current Standing 
The debate over stablecoin yields has been a major sticking point. Several crypto companies, including Coinbase, have opposed restrictions that prevent stablecoin issuers from offering yield to users, arguing that the rule primarily benefits traditional banks.
The dispute delayed legislative progress, prompting the U.S. Senate Banking Committee to postpone its markup session, initially scheduled for January. Sources now indicate the markup could occur later this month.
According to crypto journalist Eleanor Terrett, lawmakers typically announce markup notices about a week before the scheduled date. Therefore, if they plan to hold the markup in the last week of April, they will likely announce by next week. 
In the meantime, recent insider reports suggest that crypto firms and banking executives may have reached a compromise on the stablecoin yield issue. This development could help revive momentum for the Clarity Act.
#CryptoNewsFlash

Popular crypto market analyst Ali Martinez has highlighted a critical technical level that could determine #Cardano next major price move. 
His analysis follows a slight pullback across the broader crypto market, which pushed Cardano’s price from around $0.25 down to roughly $0.24.
Key Points
Ali Martinez describes $0.243 as a “make-or-break” pivot zone that could determine Cardano’s next trend. If buyers successfully defend the $0.243 support, Cardano’s price could soar 23% to $0.30. A close below this level could potentially send ADA’s price down 58% to $0.10. Cardano remains below its 50-day SMA near $0.26, with trading volume dropping 19.71% to $471.51 million. 
Cardano Returns to Key Pivot Zone
In his latest analysis, Martinez explains that ADA has returned to a decisive technical level that could shape its next move. Specifically, he identifies the $0.243 zone as a historical pivot point or a “make-or-break level” for Cardano’s trend. 
In the past, this level has acted either as strong support that triggers rebounds or as a breakdown point that leads to deeper losses. 
If buyers successfully defend this support, the market could stage a relief rally. In that scenario, Martinez projects that Cardano may attempt to recover toward the next major resistance around $0.30, representing a potential gain of about 23% from the pivot zone. 
Such a rebound would suggest that investors still view the current price region as an attractive accumulation area.
Breakdown Could Trigger Deeper Losses

ADA Lags Behind Major Cryptocurrencies
Meanwhile, Cardano continues to lag behind larger cryptocurrencies such as Bitcoin and Ethereum. While ADA gained only 2.12% during the latest market bounce, Bitcoin and Ethereum rose by 5.64% and 9%, respectively.
Following the rally, both Bitcoin and Ethereum moved above their 50-day simple moving averages (SMA). In contrast, Cardano remains below its own 50-day SMA, which currently sits near $0.26. 
Moreover, Cardano’s trading activity has started to cool after a brief surge earlier in the week. At press time, ADA trades at $0.2402, down 1.85% over the past 24 hours and 7.78% over the past week. Similarly, trading volume has dropped 19.71% over the past day to $471.51 million, suggesting a decline in short-term momentum. 
#CryptoNewsFlash

Latest Market Updates: As of 14th April 2026.
Ethereum briefly approached the $2,400 mark before pulling back, setting off sharply contrasting moves among large investors.
At the local peak, Billy Luedtke, CEO of Intuition, moved to lock in gains. He sold 3,285 ETH at $2,372.24, securing roughly $7.79 million, according to Arkham Intelligence.
Meanwhile, this sale was part of a broader exit strategy that began on March 8, during which he offloaded 8,771 ETH worth $19.14 million at an average price of $2,182.
At the same time, another large wallet (0x455…A433E) pivoted away from Ethereum, rotating capital into Bitcoin. The holder swapped 2,831 WETH for 90.46 WBTC in a transaction valued at $6.74 million.

This exchange was based on a conversion rate of $74,607 per Bitcoin. Consequently, the move signals a shift in near-term preference toward Bitcoin.
In contrast, whale investor nemorino.eth leaned further into Ethereum. The wallet accumulated 1,347.37 ETH at an average price of $2,226.54, committing approximately $3 million. Notably, this purchase reflects a bullish stance on Ethereum’s potential upside despite recent volatility.
HSBC Tests Tokenized Deposits on Blockchain
Meanwhile, HSBC advanced its blockchain initiatives by completing a pilot for tokenized deposits on the Canton Network.
Specifically, the trial simulated core financial operations, including the issuance, transfer, and settlement of tokenized deposits. It also tested atomic settlement alongside digital assets. HSBC’s Global Payments Solutions division led the initiative.
Notably, this marks the bank’s first use of tokenized deposits on a public blockchain. The pilot aimed to demonstrate interoperability between different settlement systems, an essential requirement for scaling digital financial infrastructure.
Building on this effort, HSBC highlighted its Tokenized Deposit Service, which allows clients to convert fiat currencies into digital assets for instant transfer within the network.
The system supports multiple currencies, including USD, EUR, GBP, SGD, and HKD. It is designed to enable continuous, real-time settlement and programmable payments.

Adam Back Rejects Satoshi Nakamoto Claims
In a separate development, early Bitcoin contributor Adam Back pushed back against renewed speculation about his identity in an interview with Bloomberg Podcasts, firmly denying claims that he is Satoshi Nakamoto.
Back supported his stance with several technical arguments. He noted that, had he created Bitcoin, he would have used different privacy techniques and avoided certain formatting errors found in early code. He also pointed to IRC chat logs showing him asking others about Bitcoin’s mechanics, behavior inconsistent with that of its creator.
His comments come in response to a report published a week earlier by The New York Times, which suggested he could be behind Bitcoin, reigniting debate within the crypto community.

U.S. Lawmakers Revise Crypto Tax Proposal
On the regulatory front, U.S. lawmakers have reintroduced a revised version of the Digital Asset PARITY Act, signaling a shift in how crypto transactions may be taxed.
The updated draft removes the previously proposed $200 exemption for stablecoin transactions. Instead, it introduces a rule under which gains or losses are not recognized unless a stablecoin’s value falls below 99% of its redemption value.
Additionally, the proposal extends wash sale rules to digital assets and clarifies the distinction between passive staking and active trading.
#CryptoNewsFlash

#Shiba Inu may struggle to recover in the short term after failing to hold above a dynamic support level that has cushioned weak prices for over a month.
Shiba Inu (SHIB) dropped 3.3% on Sunday to completely give back all its earlier gains last week. The drop saw the meme coin post its first weekly red candle in three weeks, signaling that momentum has shifted. But there is more to this that Shiba Inu holders should be wary of.
Key Points
On the daily timeframe, Shiba Inu broke below an ascending trendline support amid the recent downtrend, bringing fresh pressure on its price.This dynamic demand zone has cushioned prices since March 8, when SHIB reached an intraday low of $0.00000523.Additionally, SHIB had a bearish engulfing candle on the weekly chart.All indications point lower, with $0.00000520 as the next stronghold.Despite the downturn, SHIB remains within parallel channel that started forming in March, which could be the last line of support.
Shiba Inu Loses Support
On the daily timeframe, Shiba Inu broke below an ascending trendline support, bringing fresh pressure on its price. This dynamic demand zone has cushioned prices since March 8, when SHIB reached an intraday low of $0.00000523.

This marked its lowest price since the February 6 crash to $0.0000050, but whales stepped in and defended this support area. Ever since, the token has developed atop this ascending trendline support until yesterday.
Following the over 3% dip, SHIB broke below this trendline to close at $0.00000577. The breach was not a fake-out or a small wick below the support; it was a decisive breakdown with a long-bodied candlestick, signaling clear directional conviction.
Bearish Implications for SHIB
Breaking below this support level leaves SHIB vulnerable. The token has made a series of higher lows above this trendline, keeping hopes of a rebound alive. However, with the convincing breakdown, the meme coin could experience a significant decline.
Additionally, SHIB had a bearish engulfing on the weekly chart. Its 3.8% decline last week engulfed the prior week’s green candle, signaling that bears have regained control of the market.
With no bullish divergence or any positive indications, it does not look good for Shiba Inu. Trading volume is also dwindling, signaling that market participants have adopted a cautious stance as the asset dipped. Taken together, all indications point lower, with the $0.00000520 support being the next stronghold. Breaking this takes SHIB back to the February 6 lows.
Shiba Inu Range Still Holds—Last Line of Defense?
Meanwhile, despite the downturn, SHIB remains within parallel channel that started forming on March 11. This channel has served as both support and resistance for the token as it shuffles between the upper and lower price ranges.

The downtrend brought SHIB to the lower support band of this range, but not below it. This could be the last line of defense for Shiba Inu, and breaching it could further confirm a bearish shift.
#CryptoNewsFlash

#Shiba Inu is at a market level where smart money often finds it compelling to buy, with strong fundamentals backing a breakout soon.
Notably, the prominent meme coin’s price has recently consolidated within a range, with its next direction seemingly uncertain. While Shiba Inu remains bearish in the short term, technical and fundamental catalysts point to a potential price breakout.
Key Points
Shiba Inu is at a classic accumulation zone, with earlier rapid price fluctuations replaced by a series of short candlesticks.Typically, accumulation zones are areas of interest for smart money.The token has held key support areas, confirming that momentum is building for an impulsive directional move.The RSI remained neutral at 50.28, the daily chart’s MACD has also flattened, and volume has thinned.Breaching the $0.0000060 resistance with strong volume is a high-conviction setup for further upside.
Shiba Inu Holds Support
Analyst Whale Scan noted that Shiba Inu is at a classic accumulation zone. Price volatility has dropped, with earlier rapid price fluctuations replaced by a series of short candlesticks. The token has also consolidated within a price range and has held key support areas, confirming that momentum is building for a subsequent impulsive directional move.
The commentator spotlighted the $0.00000564-$0.00000550 support as crucial, noting that SHIB’s trend above it is positive. While the meme coin has struggled to clear the resistance above $0.0000060, it has remained above support, maintaining the possibility of attempting higher prices in the near term.
Typically, accumulation zones are areas of interest for smart money, offering outsized risk-reward when prices eventually break out. As a result, the analyst claimed that “dip buyers” are loading up SHIB at the current zone in anticipation of the next big move.
Interestingly, on-chain data backs this accumulation narrative, as exchange outflow has increased by a staggering 40.5% in the past 24 hours to 321 billion tokens. This means that after removing deposits from withdrawals across exchanges, a staggering 321 billion SHIB, worth $1.9 million, left these trading platforms to self-custody addresses for long-term holding.

Indicator Overview
The analysis also provided an update on the current trend of key market technical indicators. For context, the relative strength index (RSI) remained neutral, trending between 47 and 52. At the time of writing, it specifically stands at 50.28, leaving room for both upward and downward price action before reaching extreme conditions.
The daily chart’s MACD has also flattened, indicating that the market is nearing a standstill. Although the analyst noted it was bearish, the histogram showed short green bars, indicating it was slightly bullish.

On the other hand, Shiba Inu’s trading volume has thinned, suggesting reduced market participation. This is actually typical of markets in consolidation, as users apply caution while closely monitoring for the start of the next move. Notably, CoinMarketCap shows a 21% increase in 24-hour trading volume to $130 million, but the figure remains well below prior levels.
Shiba Inu Ecosystem Boosts
Furthermore, burn rates have spiked 156% in the past 24 hours, supporting the accumulation zone. 4,101,455 tokens have been incinerated during this period, further driving scarcity for the meme coin.
According to the analyst, the combination of rising burn rate and Shibarium upgrades is driving bullish sentiment across the Shiba Inu ecosystem. These factors would contribute to the projected breakout to higher prices.
Key Levels to Watch
With the support still holding strong and buying pressure increasing, Whales Scan highlighted key resistance levels to watch if an accumulation zone breakout occurs. Per the analysis, breaching $0.0000060 with strong volume is a high-conviction setup for further upsides.
This move opens the way for price rallies to $0.00000650 and $0.00000720, representing 9.7% and 21.6% increases from the current market price of $0.00000592. However, a break below $0.00000550 invalidates this move and poses downward risk for SHIB.
#CryptoNewsFlash

🇨🇳 BREAKING: Shanghai regulators have officially held policy talks around stablecoins and crypto innovation — with discussions on launching a Yuan-pegged stablecoin pilot.

Major players like JD.com and Ant Group are already applying for licenses via Hong Kong’s Web3 sandbox starting August 1.

Is this a signal that China is slowly warming up to blockchain innovation again?

#CryptoNewsFlash #ChinaCrypto #Stablecoin #BinanceSquare #Web3Asia

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