Cointime

Cointime

Download App
iOS & Android
Home / Point

Cardano's Recovery Stalls at $0.3 Hurdle Again Amidst Fluctuating Funding Rates and SEC Labeling Weighing Over Price Performance

July 2 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Cardano's recovery has been halted at the $0.3 hurdle and the US SEC labeling it as a security is still impacting its price performance.

The $0.3 level is a crucial resistance level for near-term bulls and if the roadblock persists, sellers could extend gains to $0.26. ADA's funding rates have fluctuated in Binance Exchange since June 10, which could limit a strong recovery.

Cardano Cardano $0.43
-0.62%
Cardano SEC
Comments

All Comments

Recommended for you

  • Fed's Schmid: Low interest rate environment "may not necessarily" return

    The Federal Reserve's Schmid said that the overall economy is still strong. Inflation is still too high, and the Federal Reserve has more work to do. Interest rates may remain high for a period of time, and I prefer to reduce the Federal Reserve's balance sheet as much as possible under the premise of compliance with the operating framework. The low interest rate environment may "not necessarily" return.

  • a16z partner: Americans have accepted digital assets, but current regulatory approaches limit innovation and privacy

    Web3 supporter and a16z partner Chris Dixon (cdixon.eth) posted on social media that in the next two weeks, the House of Representatives will vote on the most important crypto legislation to date, the "21st Century Financial Innovation and Technology Act" (FIT21). We have long called for clear regulation to protect consumers and innovation, and the FIT21 bill will achieve this.

  • Tether CEO: Ripple CEO's comments spread fear about USDT

    According to reports, Tether CEO Paolo Ardoino responded to comments made by Ripple CEO Brad Garlinghouse in a recent interview about the stablecoin Tether (USDT) on social media. Garlinghouse stated in the interview that the US government is pursuing Tether, which is clear to me. Ardoino said that an uninformed CEO leading a company under SEC investigation launched a competitive stablecoin (cui prodest), spreading fear about USDT. Ardoino emphasized Tether's critical role in providing financial services to unbanked communities in emerging and developing regions, which are often overlooked by traditional financial institutions. He further asserted that Tether adheres to strict transparency and regulatory compliance standards, as evidenced by its compliance with the OFAC/SDN list, its partnership with Chainalysis, and its extensive collaboration with international law enforcement agencies to detect and prevent illegal activities, thereby enhancing the security of its ecosystem.

  • Swiss Crypto Bank Amina: Listing Ethereum as a Security Could Cause Many Crypto Teams to Exit the Space

    Swiss encrypted bank Amina stated in the latest "Cryptocurrency Market Monitoring" report that classifying Ethereum as a security could not only bring risks to the entire cryptocurrency market, but also lead to many cryptocurrency teams exiting the field. This determination could hinder the development of the cryptocurrency market and potentially reverse progress made over the years. In addition, the US SEC is likely to delay its decision on the status of Ethereum, putting the cryptocurrency asset in a "gray area".

  • Ripple CEO: The US government’s next target is Tether

    Ripple CEO Brad Garlinghouse recently stated in an interview that the next target of the US government is Tether, the stablecoin company responsible for the circulation of USDT. Some experts believe that Garlinghouse's statement is a very big insider report, and if it really happens, there will be a huge selling pressure in the USDT stablecoin market. In this case, the value of USDT will experience a significant decline.

  • Cointime May 12 News Express

    1.The number of Bittensor subnets for the AI ​​project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars 6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days

  • Fed's Kashkari: The bar for another rate hike is high, but it cannot be ruled out

    The Federal Reserve's Kashkari expressed a cautious attitude towards restrictive monetary policy; he is adopting a wait-and-see attitude towards future monetary policy; he is in a wait-and-see state to see if inflation is stagnating; the threshold for raising interest rates again is high, but this possibility cannot be ruled out; if inflation data supports it, the Fed will maintain interest rates.

  • HKEX CEO: Virtual asset exchanges have become HKEX’s competitors

    On May 10th, Hong Kong Exchanges and Clearing Limited's new CEO, Nicolas Aguzin, stated in an interview with the Shanghai Securities News that HKEX faces competition not only from other securities exchanges, but also from external competitors such as virtual asset exchanges. In order to meet the rapidly evolving demands of customers and technology, HKEX must balance innovation and stable business operations, continuously expand its resources for listed companies, and improve its market services.

  • Marathon reports record net revenue of $337.2 million in first quarter of 2024

    Bitcoin mining company Marathon Digital Holdings reported a record net profit of $337.2 million in the first quarter of 2024. The quarterly net profit announced by the company in its earnings report on May 9th increased by 184% compared to the first quarter of 2023, which was $118.7 million. The diluted earnings per share for this quarter were $1.26. The company announced that its first quarter revenue for 2024 reached a record $165.2 million, an increase of 223% from the same period last year, which was $51.1 million.
  • cointelegraph ·

    US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

    The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.
    US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company