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Crypto-News-Flash

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Meet Greg Osuri, the Brain Behind Akash Network

  • Greg Osuri created Akash Network to turn idle computing power into a decentralized cloud alternative.
  • He believes decentralizing AI infrastructure is key to fair access and innovation.
  • Akash Network provides an open marketplace for unused computing power, allowing developers to access cost-effective project development.
  • Through Akash Network, Greg Osuri aims to balance AI power and provide an alternative solution to AI model training.

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Bitcoinist

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Bitcoin Nears 50% Breakout, But ‘Ichimoku Cloud’ Presents Key Resistance – Details

  • Bitcoin (BTC) could be mirroring a bullish setup from 2023.
  • BTC faces strong resistance around the $88,000 level due to the Ichimoku Cloud.
  • BTC is currently consolidating within a symmetrical triangle pattern.
  • Short-term holders offloaded 18,930 BTC following Trump's bearish tariff announcement.

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Crypto-News-Flash

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Crypto News: Nigeria President Signs New Law Strengthening SEC Oversight of Cryptocurrencies

  • Nigeria recognized cryptos as securities by signing the Investments and Securities Act 2024 (ISA 2024) into law.
  • The law imposes strict penalties, including up to 10 years of imprisonment, for individuals involved in Ponzi schemes.
  • Cryptos are now classified as securities and fall under the Nigerian Securities and Exchange Commission (SEC) jurisdiction.
  • The new law aims to improve transparency, efficiency, and stability in Nigeria's financial market.

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TronWeekly

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Ethereum Slides Below $2K, But History Hints at a Q2 Comeback

  • Ethereum dropped nearly 10% in seven days, now trading around $1,820 after losing key support.
  • Analysts like Mister Crypto and Merlijin see bullish 2025 patterns, citing whale accumulation and past trends.
  • Ether’s Q2 average return is nearly 60%, but some warn of a drop to $1,130–$1,200 range.
  • Ethereum's future in 2025 remains uncertain, with contradictory predictions of a major recovery or a deeper drop.

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TronWeekly

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Sui Stablecoins Surge 24%, Just $40M From Flipping Optimism

  • Sui stablecoin market cap hits ATH, surging 24.56% in a week, nearing Optimism’s liquidity.
  • SUI-based stablecoins, including USDT, USDC, FDUSD, USDY, BUCK, and AUSD, reach a combined market cap of $724.27 million.
  • SUI token price lags, shedding 13% in a week and currently trading at $2.19.
  • Changelly predicts SUI token to have a potential average price of $8.17 and 354.1% ROI by 2025.

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Bitcoinist

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What Crypto to Buy as US Recession Fears Arise After Trump Tariffs

  • Experts warn that Trump's tariffs could lead to a US recession by 2025, impacting the global economy.
  • The tariff announcement caused market contractions, with Bitcoin dropping to $82K and the US stock market losing value.
  • Predictions suggest a global trade war with countries like China and Canada, increasing the likelihood of a US recession by 2025.
  • Polymarket and MyriadMarkets assess the risk of a 2025 recession at 52% and 57% respectively.
  • Trump's tariff plan led to a significant hit on the USD, prompting investors to shift focus to the crypto market.
  • Bitcoin's recovery post-tariff announcement highlights the resilience of the crypto market amidst economic turmoil.
  • Solaxy ($SOLX) offers lower fees and faster transactions as Solana's Layer 2 upgrade, attracting investor interest.
  • Bitcoin Bull Token ($BTCBULL) aims to push BTC to a $1M market value with unique airdrop incentives and high APY for stakers.
  • Cosmos ($ATOM) provides an interchain network for enhanced blockchain interoperability, security, and scalability.
  • The crypto market shows signs of recovery post-tariffs, making it a suitable time for diversification with promising presales.

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Cryptopotato

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Ethereum Price Analysis: Will ETH Drop Further to $1.5K After Recent Rejection?

  • Ethereum remains under pressure as the broader market sentiment struggles to shift bullish.
  • On the daily timeframe, ETH has failed to recover above the previous support turned resistance near $2,000.
  • Zooming into the 4-hour chart, ETH has formed a horizontal consolidating pattern, with lower highs compressing against horizontal support near $1,750.
  • From a sentiment and open interest perspective, Ethereum’s open interest has remained elevated compared to historical values in recent years.

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Newsbtc

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Dogecoin Faces Moment Of Truth: Will It Hold The Line Or Freefall?

  • Dogecoin is testing a multi-year trend line that dates back to 2021, which could determine its fate.
  • If Dogecoin falls below the trend line and the $0.14 support zone, it could drop by another 25%.
  • Buyers need to hold the line to avoid another wave of selling pressure and potential freefall.
  • The fate of Dogecoin currently depends on the interplay between price and the long-standing trend line.

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Crypto-News-Flash

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Ripple vs SEC: What’s Behind the Latest Mysterious Filing in the XRP Lawsuit?

  • A man named Justin W. Keener has filed an emergency request in the Ripple vs SEC lawsuit claiming to have 'decisive evidence' in favor of Ripple.
  • The recent settlement between Ripple Labs and the SEC requires approval from the judge and the SEC.
  • Keener's filing does not clearly state the evidence or how it can benefit Ripple.
  • A legal expert suggests that the case is not technically over and further procedures are pending for potential resolution.

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TechBullion

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Leading Smart Account Protocol ‘SAFE’ & Its Community Invited to Binance’s’Vote To List’ Program

  • Leading smart account protocol 'SAFE' and its community have been invited to Binance's 'Vote To List' program.
  • Safe accounts offer advanced features like passkeys, spending limits, sponsored transactions, and custom policies.
  • Safe's current RWA smart account protocol plays a critical role in crypto's evolving financial landscape.
  • Safe is evolving into the financial coordination layer with the launch of Safenet, a decentralized transaction co-processing network.

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