Cryptocurrency news today

Cardano (ADA) trades in red on Tuesday at the time of writing, hovering around its key support level at $0.72. A decisive close below this level could trigger a correction iguana egg cyberpunk. ADA’s falling daily active addresses and Decentralized Exchange (DEX) trading volume further support the bearish outlook. Adding to this, the technical outlook suggests weakness in momentum and a double-digit fall.

Charles Hoskinson, founder of Cardano, claimed that the network’s era will be defined by community governance, with increased transparency and autonomy. The roadmap also details several important upgrades, such as ZK rollups and data API services, to make the blockchain more scalable.

Tonight, Cardano evolves. The Plomin hard fork takes effect, marking the transition to full decentralized governance. ADA holders gain real voting power—on parameter changes, treasury withdrawals, hard forks, and the blockchain’s future. A milestone in blockchain governance,” the Cardano Foundation announced today.

The developers’ goals for usability and utility are less well-defined compared to scalability. The roadmap’s action items for these topics are much more limited, focusing on enhancing developer tools.

Cryptocurrency news april 30 2025

The cryptocurrency market shed $100 billion in value over the weekend, after having lost $100 billion on March 27. Macroeconomic concerns and worries surrounding the impact of tariffs dominate the narrative at present.

Despite XRP’s remarkable 315% rally over the past year, the token has now faded into uncertainty, as it struggles to maintain momentum in 2025. Once driven by hopes of regulatory clarity and renewed institutional interest, XRP has dropped 20% over the past month.

The crypto asset class includes a wide range of projects with many different use cases. However, they all share the vision of borderless finance and decentralization. Investors already appreciate these attributes of Bitcoin, which is likely why it performed well during a turbulent month for traditional assets. However, many other crypto assets share these features to a degree and may also be partly immune to tariffs and trade conflict. In our view, persistent uncertainty about government policy, the risk of stagflation, and potentially sustained weakness in the U.S. Dollar will lead investors to seek out alternative sources of return and diversification. We expect the resulting shift in capital flows to continue to benefit Bitcoin and to increasingly support the broader crypto ecosystem.

latest cryptocurrency news april 30 2025

Latest cryptocurrency news april 30 2025

In Nigeria, the court delayed a case against Binance, one of the biggest crypto exchanges. The government claims Binance caused huge financial damage to their economy and is demanding over $2 billion in back taxes.

President Trump signs bill overturning IRS DeFi broker rule. On April 10, President Trump signed into law a Congressional Review Act of Disapproval (CRA) to overturn the Internal Revenue Service (IRS) Digital Assets Sale and Exchanges Rule, otherwise known as the “DeFi broker rule.” The DeFi broker rule previously required digital asset “brokers” to report to the IRS certain decentralized finance (DeFi) transactions conducted on their platforms. The rule defined “brokers” to include DeFi platforms, which typically are unable to collect from users the information required by the rule. The CRA prohibits any future administration from issuing similar rules without new legislation. For more information on the DeFi broker rule, see our January 2025 issue.

Latest cryptocurrency news april 2025

Avalanche has risen by more than 16% in the last 7 days and is now trading above $22. The blockchain infrastructure of this platform provides quick processes and application scalability to attract more users for its ongoing development.

Senators urge reversal of DOJ shift in digital asset enforcement priorities. On April 10, US Senators Elizabeth Warren (D-MA), Mazie K. Hirono (D-HI), and Dick Durbin (D-IL) – Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, a senior member of the Senate Judiciary Committee, and Ranking Member of the Senate Judiciary Committee, respectively – announced they led six Senators in writing to urge Deputy Attorney General Todd Blanche to reverse the DOJ’s recent decisions to effectively terminate its cryptocurrency investigations and prosecutions and disband its National Cryptocurrency Enforcement Team. In their letter, the Senators asserted the decisions are “grave mistakes that will support sanctions evasion, drug trafficking, scams, and child sexual exploitation” and demanded a staff-level briefing “on the rationale behind these decisions and their anticipated impacts on the Department’s ability to enforce the law and protect Americans from cryptocurrency-based crimes.”

Digital Digest | DLA Piper – addresses the growing challenges faced by the UK commercial and financial sector due to the increasing number of laws, regulations, and market practices affecting the digital and crypto industry.

California DFPI partners with state DOJ against crypto scams. On March 10, the California Department of Financial Protection and Innovation (DFPI) announced that “through its nationally-recognized Crypto Scam Tracker and a new partnership with the California Department of Justice (DOJ), the state has shut down more than 26 different crypto scam websites and uncovered $4.6 million in consumer losses.” Additionally, “the DFPI has also identified seven new scam types based on more than 2,668 complaints submitted by consumers in California and from across the U.S. in 2024.” The scam types include scams related to bitcoin mining, gaming, jobs, giveaways, and investments.