Cryptocurrency news april 28 2025
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FTAsiaManagement is a pivotal source for cryptocurrency news, focusing on market trends, regulatory developments, and technological innovations, especially in Asia. Key trends for 2024 include Bitcoin’s strength, Ethereum’s growth, and a resurgence in NFTs. Staying updated is essential for navigating the rapidly changing landscape of cryptocurrencies, and FTAsiaManagement provides the necessary insights for effective investment strategies.
Therefore, the entrance of institutional investors in the crypto market is somewhat on the positive side. It has advantages like reducing the risk of fraudulent activity due to increased liquidity and acting as a barrier to the manipulation of an individual site’s market while it alternatively gives a negative aspect associating the market with centralization.
Cryptocurrency news etrscrypto
These positive crypto inflows come as markets continue to shrug off Trump tariffs. Accordingly, the US topped the positive flows. It beat Germany and Hong Kong with $681 million inflows against $86.3 million and $24.2 million, respectively.
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“Ethereum was the standout performer, with US$205m in inflows last week and $575 million YTD, indicating renewed investor optimism following the successful Pectra upgrade and the appointment of new co-executive director Tomasz Stańczak,” Butterfill wrote.
In the same way, Tomasz Stanczak, recently appointed as co-Executive Director of the Ethereum Foundation (EF), has a deep history in Ethereum’s core development. His focus on statelessness to enhance Ethereum’s scalability and decentralization aims to reduce node storage needs.
“The Ethereum Foundation is thrilled to welcome Hsiao-Wei Wang and Tomasz Stanczak as co-Executive Directors. This new leadership structure marks an exciting new chapter in the Foundation’s evolution as we continue to support a growing Ethereum ecosystem,” the EF said in March.
Cryptocurrency news cardano
Cardano price faced rejection around the daily resistance at $0.84 on May 13 and declined 10% in the next four days. This daily level coincides with the 50% Fibonacci retracement ( drawn from the March 3 high of $1.17 to the April 7 low of $0.51) at $0.84, making this a key resistance zone. However, ADA retested and found support around its 200-day Exponential Moving Average (EMA) at $0.71 on Sunday. At the time of writing on Tuesday, it trades slightly down at around $0.73.
Cardano price hovers around its key support at $0.72 on Tuesday; a close below could trigger a correction. On-chain metrics support a bearish thesis as ADA daily active addresses and DEX trading volume are falling.
As reported by CNF, Charles Hoskinson has faced allegations from Masato Alexander, who claims that Hoskinson misappropriated 318 million ADA during the 2021 Allegra hard fork. In his defence, Charles stated that a Move Instantaneous Rewards (MIR) transaction was used to quietly redirect unclaimed ADA from early investors into Cardano’s treasury without clear communication or consent.
In ADA’s case, Daily Active Addresses fell to 23,644 on Tuesday from 35,696 on May 14, extending a downtrend that started in early March. This indicates that demand for ADA’s blockchain usage is decreasing, which doesn’t bode well for Cardano’s price.
XRP slides for two consecutive days as sentiment in the broader market remains cautious. In its debut, the XRP futures launch on CME Group’s derivatives platform exceeded $2.4 million in trading volume.
Cardano produces its own wallet software that is available for download on its website, which allows you to store Cardano on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.