Crypto – Coinedict

XRP Struggles at Key Level as Kraken Adds RLUSD Stablecoin

Casey7 hours ago7 hours ago03 mins

The price of XRP is teetering on a crucial support level after Kraken, one of the largest U.S. crypto exchanges, added Ripple’s stablecoin, RLUSD. Currently trading at $2.10, XRP has dropped more than 37% from its yearly peak, bringing its total market cap down to $126 billion, securing its spot as the fourth-largest cryptocurrency. Kraken’s Listing Pushes RLUSD Growth Kraken’s listing of RLUSD now gives the stablecoin exposure to over 13 million users across multiple countries. Since its launch a few months ago, RLUSD has shown steady growth, hitting a record market cap of $243 million. What sets RLUSD apart from other stablecoins is its active usage. While many stablecoins struggle to maintain strong trading volumes, RLUSD consistently records $70 million in daily transactions, surpassing competitors like USDD, Frax, and PayPal USD, which rarely exceed $50 million. Since December, RLUSD has handled over $10 billion in total transaction volume. Ripple’s Vision: Expanding RLUSD Utility Ripple has bigger plans for RLUSD beyond just trading. The company recently integrated RLUSD into Ripple Payments, enhancing its use in real-world transactions, especially for cross-border payments. Additionally, RLUSD is expected to play a significant role in real-world asset tokenization, further embedding itself into the digital finance ecosystem. XRP’s Uncertain Price Outlook Despite RLUSD’s progress, XRP itself is at a critical juncture. The coin is hovering just above the $1.91 support level, which aligns with the 50% Fibonacci retracement level—a key technical indicator. Traders are closely watching a Head and Shoulders (H&S) pattern, a bearish signal that could push the price lower. If XRP breaks below $1.91, it might drop to $1.50, which is aligned with the golden ratio (61.8% Fibonacci retracement)—a level where assets often find strong support. On the flip side, if bulls regain control and XRP breaks past the $3 resistance level, it could invalidate the bearish pattern and fuel a strong recovery. For now, XRP holders are keeping a close eye on market movements, as the next breakout—either up or down—could set the tone for its short-term future.

Bitcoin Consolidates Between $75K–$88K as Market Braces for Uncertainty

Casey7 hours ago7 hours ago03 mins

Bitcoin (BTC) continues to trade within a tight range, fluctuating between $75,000 and $88,000, as traders assess the market’s next move. After briefly touching $85,000 on Wednesday, BTC faced rejection, pulling back slightly after a 3.16% recovery the previous day. According to a recent report by K33 Research, the crypto and equity markets have taken a cautious stance ahead of former U.S. President Donald Trump’s “Liberation Day”—an event expected to bring new tariffs and potential economic shifts. Bitcoin ETFs Show Weak Demand Adding to the uncertainty, spot Bitcoin ETFs in the U.S. recorded a significant $157.8 million outflow on Tuesday. This signals declining investor confidence in the short term, despite Bitcoin’s overall strong performance in recent months. Altcoins See Big Whale Transactions While Bitcoin remains in consolidation, some altcoins are witnessing major activity. On-chain data from Santiment reveals that Maker (MKR), Gala (GALA), and Polygon (MATIC) have experienced a surge in whale transactions over $100K. This increased activity suggests that large investors are still moving funds, even as the broader market remains cautious. Market Outlook: A Period of Pause or Prepping for a Move? The total crypto market cap remains near $2.7 trillion, showing little change over the past 24 hours. Some analysts believe this stagnation is a sign of traders waiting for more clarity before making big moves. If the market cap drops below $2.62 trillion, it could indicate further downside, allowing bears to take control. For now, Bitcoin continues to consolidate, with traders watching key resistance and support levels to determine the next big move. Will BTC break out, or are we in for a deeper correction? Time will tell.

Sony Singapore Steps Into Crypto – Now Accepting USDC for Online Shopping

Casey17 hours ago17 hours ago03 mins

Sony is making a bold move into the crypto space! Shoppers in Singapore can now use USDC (a stablecoin pegged to the U.S. dollar) to buy gadgets from the Sony Store Online. This marks Sony’s first-ever crypto payment integration in the region, powered by Crypto.com’s payment system. Why USDC? Unlike other cryptocurrencies with volatile prices, USDC maintains a stable value, making it a safer option for digital transactions. For now, Sony is limiting crypto payments to USDC only and accepting it exclusively through Crypto.com. However, many in the crypto community believe this is just the beginning—other cryptocurrencies could be added soon! USDC’s Growing Popularity USDC is currently the second-largest stablecoin, trailing behind Tether’s USDT. With a market cap of over $60 billion, it’s becoming a preferred choice for businesses looking to integrate crypto payments. Meanwhile, Circle, the company behind USDC, is preparing for an IPO, signaling growing confidence in the stablecoin’s future. Crypto.com’s Chin Tah Ang shared his excitement about the partnership, stating that “big brands like Sony can help push crypto payments into the mainstream.” Sony’s Bigger Vision: Web3 & Blockchain Sony isn’t just experimenting with crypto payments—it’s building for the future. The company recently introduced Soneium, an Ethereum-based Layer-2 blockchain through its Singapore-based Sony Block Solutions Labs. Soneium has been supporting various Web3 projects, including digital collectibles, NFT-based experiences, and blockchain-powered in-game economies. This move into crypto payments aligns perfectly with Sony’s long-term vision for integrating blockchain technology into its business. Crypto.com’s Expansion Continues Crypto.com is also making big moves in the industry. The platform recently announced a potential partnership with Trump Media and Technology Group to launch crypto-backed ETFs, including ones based on Bitcoin (BTC) and Crypto.com’s native token (CRO). Following this news, CRO’s price surged by 8.5% to $0.10.

BlackRock Wins UK Approval to Launch Bitcoin ETP on Euronext

Casey18 hours ago18 hours ago03 mins

Global asset management giant BlackRock has officially secured approval from the UK’s Financial Conduct Authority (FCA) to operate as a crypto asset firm, paving the way for its new Bitcoin exchange-traded product (ETP) in Europe. This approval makes BlackRock the 51st company registered with the FCA, joining major financial players like Coinbase, PayPal, and Revolut. Notably, the FCA has only approved 14% of applications, signaling the regulator’s strict standards. Many firms were reportedly rejected due to incomplete or low-quality submissions. A Major Step for Bitcoin Investment in Europe BlackRock’s iShares Bitcoin ETP (IB1T) is already trading on Euronext Paris and Amsterdam. The fund initially launched with a 0.15% fee waiver that will last until the end of 2024, after which it will increase to 0.25%, matching CoinShares’ $1.3 billion physical Bitcoin ETP—the largest in Europe. Each IB1T share is backed by real Bitcoin, securely held by Coinbase. This product allows investors to gain exposure to Bitcoin without directly holding the cryptocurrency, making it an attractive option for institutional and retail investors alike. BlackRock’s Growing Influence in Crypto This European launch follows the success of BlackRock’s iShares Bitcoin Trust (IBIT) in the U.S., which has amassed over $48 billion in assets. The company is using a Swiss-based special-purpose vehicle to ensure compliance with European financial regulations. The move signals growing institutional demand for Bitcoin investment products outside of North America. BlackRock’s CEO Larry Fink recently expressed concerns about rising U.S. debt, suggesting that excessive government spending could weaken the U.S. dollar’s dominance and make Bitcoin a more attractive store of value. As interest in regulated Bitcoin investment options rises, BlackRock’s entry into the European market could be a game-changer for institutional adoption across the region.

Toulouse Makes History as First European City to Accept Crypto for Public Transport

Casey3 days ago3 days ago03 mins

Toulouse, France – In a bold move toward the future of payments, the southern French city has become the first in Europe to allow residents to buy public transport tickets using Bitcoin and other cryptocurrencies. Since March 17, commuters can pay for metro, tram, bus, and even cable car rides with digital assets—a milestone for crypto adoption in everyday life. How It Works Passengers can purchase tickets through an Android app developed by Paris-based fintech company Lyzi, which supports Bitcoin and over 70 altcoins. Transactions are instantly converted to euros, with Binance Pay among the payment options. The system is experimental, according to Deputy Mayor Sacha Briand, who emphasized that Toulouse wants to test real-world crypto usage before committing long-term. Why It Matters France has been steadily embracing crypto-friendly policies, and Toulouse’s initiative reflects growing interest in digital currencies. A 2024 Gemini report found that 18% of French citizens own crypto, and cities like Cannes are reportedly working on similar payment systems. However, challenges remain: Global Crypto-Friendly Cities While Toulouse leads in Europe, other cities worldwide have already integrated crypto into daily life: The Bigger Picture Toulouse’s experiment could pave the way for broader crypto adoption—if regulators streamline tax rules and users embrace the convenience. As Lyzi expands crypto payments to pharmacies, coworking spaces, and major retailers like Printemps, France is positioning itself as a leader in real-world crypto use.

Japan Moves to Tighten Crypto Regulations, Cracks Down on Insider Trading

Casey3 days ago3 days ago03 mins

Tokyo is getting serious about cryptocurrency regulation. In a move that could reshape Japan’s digital asset landscape, financial regulators are preparing stricter rules to prevent insider trading and protect investors in the volatile crypto market. What’s Changing? Japan’s Financial Services Agency (FSA) is working on a plan to treat cryptocurrencies more like traditional financial products. Right now, digital assets like Bitcoin are classified mainly as payment methods. But under the proposed changes, they’d fall under the same law that governs stocks and securities – though likely in their own special category. The shift comes as crypto trading explodes in Japan. The country now has about 7.1 million active crypto accounts – more than triple the number from just five years ago. With this boom has come growing concerns about shady practices and investors getting burned. Why It Matters If the changes go through: The FSA hasn’t spelled out exactly how enforcement would work, but the message is clear: Japan wants to clean up crypto trading while still allowing the industry to grow. A Balancing Act Interestingly, this crackdown comes just weeks after Japan moved in the opposite direction on some crypto rules. In March, regulators eased restrictions on stablecoins and crypto brokerages to make it easier for businesses to operate there. It’s all part of Japan’s careful dance – trying to encourage innovation while protecting consumers in a market that’s still finding its footing. The proposed bill could reach Japan’s parliament as early as 2026. For crypto investors and businesses, the takeaway is simple: Japan’s crypto wild west days may be coming to an end. As one Tokyo-based trader put it: “The rules are growing up along with the market.”

Stablecoins and On-Chain Liquidity: The Future of Seamless Payments

Casey4 days ago4 days ago05 mins

The world of finance is evolving, but traditional payment systems remain slow, expensive, and outdated. Businesses and individuals worldwide struggle with high transaction fees, long settlement times, and, in many cases, limited access to banking services. This is where stablecoins and on-chain liquidity are stepping in to fill the gaps—offering a faster, more affordable, and borderless alternative to traditional payments. The Problem with Traditional Payments For decades, global transactions have relied on inefficient banking systems like SWIFT, which often takes days or even weeks to process cross-border payments. On top of delays, businesses are forced to pay multiple fees, including sending fees, receiving fees, intermediary bank charges, and even foreign exchange costs. Even digital payment platforms like PayPal, Wise, and Stripe—while improving accessibility—still depend on legacy financial networks, meaning they inherit the same inefficiencies that slow down and complicate global transactions. As global cross-border settlements surge past $190 trillion, the demand for real-time, cost-effective financial solutions has never been higher. The Rise of Stablecoins and On-Chain Liquidity Unlike traditional banking, stablecoins—digital currencies pegged to fiat assets like the U.S. dollar—operate 24/7 without intermediaries. The numbers prove their impact: USDT’s market cap has skyrocketed from $4.6 billion in 2020 to over $142 billion today. The total stablecoin market cap has surpassed $230 billion, reflecting massive adoption. However, stablecoins alone aren’t enough—liquidity providers like MANSA ensure instant, seamless transactions by offering on-chain liquidity, eliminating the need for banks or traditional payment processors. For example, consider a Nigerian business receiving payments from Europe. Traditionally, the funds would need to be converted multiple times (EUR → USD → NGN), incurring extra fees and delays. With stablecoins and on-chain liquidity, the transaction is direct: The buyer sends USDT instantly. The seller converts it into local currency in seconds using on-chain liquidity pools. No intermediaries, no unnecessary fees. The Biggest Beneficiaries: Emerging Markets Underserved regions like Africa and Latin America are embracing stablecoins at an incredible pace: Brazil’s crypto imports hit $12.9 billion in 2024, a 60% surge, with stablecoins making up 70% of transactions. USDT remittances and crypto-to-fiat on-ramps are gaining momentum, proving that users prefer low-cost, instant payments over traditional banking. Stablecoins Are Here to Improve, Not Replace, Traditional Finance Despite their rapid adoption, stablecoins aren’t competing with banks—they’re enhancing them. Financial institutions and payment services are already integrating stablecoins to reduce costs and improve transaction efficiency. For example, Wise gained access to Japan’s Zengin payment network, bypassing intermediary banks and cutting down transaction fees. The Future of Global Payments The transition to stablecoins and on-chain liquidity isn’t theoretical—it’s happening now. As demand for fast, transparent, and low-cost transactions rises, traditional banking systems will either need to adapt—or risk becoming obsolete.

XRP Price Drops Amid Market Jitters—Could It Crash to $1?

Casey4 days ago4 days ago03 mins

XRP is facing a tough battle as its price continues to slide, marking its fourth consecutive day in the red. Currently trading at $2.31, the token has lost steam despite a string of positive developments for Ripple. Analysts warn that if key support levels break, XRP could plummet to $1. What’s Dragging XRP Down? Like other altcoins, XRP has been hit hard by economic concerns and geopolitical tensions. The latest blow comes from: U.S. Economic Data: Rising inflation and slowing consumer spending are fueling recession fears. Trump’s Tariffs: The upcoming April 2 trade measures are unsettling global markets. Stock Market Sell-Off: Major indices, including the Dow Jones, Nasdaq 100, and S&P 500, all fell over 2% this week. Ripple’s Big Moves Aren’t Enough (Yet) Despite bearish market conditions, Ripple continues to make strides: Chipper Cash Partnership – Expanding its presence in Africa. Regulatory Wins – Secured a money transmitter license in New York and UAE. SEC Lawsuit Ends – Opening doors for more partnerships with U.S. firms. These achievements should be bullish for XRP, but market uncertainty is overpowering positive momentum. Technical Analysis: Will XRP Hold or Fall? XRP has formed a Head & Shoulders pattern—one of the most bearish setups in technical analysis. Key support: $1.95 – If broken, XRP could drop sharply. Next major level: $1.00 – A breakdown could send the token into a deeper downtrend. Resistance: $3.00 – Bulls need to reclaim this to shift momentum. The Bottom Line XRP is at a make-or-break moment. If $1.95 holds, a rebound is possible. But if selling pressure persists, a fall to $1 could be on the cards. Traders should watch these levels closely as the market remains volatile.

Lightchain AI Unveils Meme Coin Launch Pad – A New Era for Crypto Innovation

Casey5 days ago5 days ago03 mins

The crypto world is about to witness a major shake-up as Lightchain AI introduces its Meme Coin Launch Pad, a dedicated platform designed to simplify and revolutionize meme coin creation. Alongside this launch, the company is rolling out LCAI, its own utility token, which will fuel transactions within the ecosystem. Why Meme Coins Matter More Than Ever Meme coins started as a joke, but they’ve become a driving force in the crypto market, leading to mass adoption and billion-dollar valuations. Dogecoin and Shiba Inu proved that a strong community can turn a meme into a serious financial asset. However, launching new meme coins remains a challenge—fraud, technical barriers, and lack of innovation often slow down progress. How Lightchain AI’s Launch Pad Changes the Game Lightchain AI aims to remove these obstacles by providing a secure, AI-powered platform that streamlines meme coin creation while ensuring transparency and security. Here’s what makes it different: No Tech Skills Needed – The platform makes it easy for anyone to launch a token. AI-Driven Insights – Real-time analytics to track trends and optimize strategies. Security First – All projects undergo a strict vetting process to prevent scams. Community-Centric – Built-in tools help meme coin projects grow and engage supporters. The Role of LCAI Token LCAI will serve as the backbone of the ecosystem, covering transaction fees, project funding, and staking rewards. It’s designed to lower costs while improving efficiency, making it an essential part of the platform’s success. Why This Matters Now The final stage of the LCAI presale is underway, giving early adopters a chance to secure tokens at a lower price before the platform officially launches. With meme coins becoming a major force in crypto, Lightchain AI’s initiative could set a new standard for innovation, accessibility, and community-driven success. The future of meme coins starts here—are you ready to be part of it?

Crypto Market Suffers $659 Billion Wipeout as Ethereum and Solana Lead Losses

Casey5 days ago5 days ago03 mins

The cryptocurrency market has taken a heavy hit, with the top five cryptocurrencies losing a staggering $659 billion from their 2025 peak, according to data from Cryptoquant. Ethereum and Solana Take the Hardest Fall Ethereum (ETH) and Solana (SOL) have seen the biggest losses, with Ethereum’s market cap plunging 44% to $240 billion, while Solana fell 43% to $73 billion. In contrast, Bitcoin (BTC) and Binance Coin (BNB) have been more resilient, with Bitcoin’s market cap dropping 18% to $1.735 trillion, and BNB losing 15% to $91 billion. Cryptoquant’s analysis suggests that Bitcoin and BNB suffered the least severe drawdowns, with both still holding strong against their historical highs. Meanwhile, Ethereum’s price has entered what analysts call an undervalued territory, with its ETH/BTC ratio hitting its lowest point since January 2020. XRP’s Rally Stalls Amid Market Uncertainty XRP initially benefited from optimism following Donald Trump’s election win, pushing its market cap from $30 billion to $142 billion by March 2025. However, that momentum has now fizzled out, with active wallet addresses shrinking to the 20K-40K range, signaling declining network activity. Bitcoin’s Sentiment Hits a Low Point Bitcoin’s market sentiment remains weak, as Cryptoquant’s Bull Score Index—which tracks investor optimism—dropped to 20, its lowest level since January 2023. Analysts warn that if the score stays below 40, it could indicate a prolonged bear market similar to previous downturns. What’s Next for Crypto? While Ethereum and Solana have struggled, Bitcoin and Binance Coin have held up better, reinforcing their stability in volatile conditions. However, Cryptoquant’s report suggests that XRP’s future growth will depend on increased network activity, while Ethereum’s underperformance has reignited debates about its long-term valuation. The market remains divided—will this downturn continue, or is a recovery on the horizon?

Fake Crypto Platform Steals $64 Million—34 Scammers Jailed in China

Casey5 days ago5 days ago03 mins

A massive cryptocurrency scam has been shut down in Ezhou, China, where 34 people have been sentenced to prison for running a fake crypto trading platform called OURBIT. Over the course of a year, the fraudulent site stole $64 million (460 million yuan) from nearly 30,000 investors, luring them in with promises of high returns and fake trading features. How the Scam Worked The fraudsters faked everything—from trading pairs and price charts to licenses supposedly from Singapore, the U.S., and the U.K.. The platform wasn’t connected to any real crypto exchanges, and every trade, price movement, and account balance was manipulated behind the scenes to ensure that users always lost money. Victims were recruited through WeChat groups, where scammers posed as “expert traders” and shared fake profit screenshots to create an illusion of success. They even hired fake investors to cheer them on in group chats. Once users invested, they were pressured into high-risk trades designed to wipe out their funds. When someone tried to withdraw profits, the platform either froze their account or demanded more money to “unlock” their funds—only to steal that too. Court Crackdown and Sentencing After investigating the operation, the Ezhou Court ruled that OURBIT was nothing more than a fraud machine built to steal user funds. Cheng and 33 other defendants were found guilty of fraud and sentenced to 3 to 12 years in prison, along with heavy fines. The court also issued a public warning, reminding investors that crypto trading in China is not legally protected, meaning victims often can’t recover their lost money. Lessons from the Scam Beware of “too good to be true” investment promises. Never trust investment tips from social media groups. Verify trading platforms and licenses before investing. Be cautious when dealing with unregulated crypto platforms. This case serves as a harsh reminder of the risks in crypto trading, especially when dealing with unverified platforms. If something seems too good to be true, it probably is.

Crypto Market Sheds $659 Billion—Ethereum and Solana Take the Hardest Hit

Casey5 days ago5 days ago04 mins

The cryptocurrency market has seen a massive downturn, wiping out $659 billion from its peak in 2025, according to a new analysis from CryptoQuant. While Bitcoin and Binance Coin (BNB) have managed to hold their ground relatively well, Ethereum (ETH) and Solana (SOL) have suffered the most significant losses. Ethereum and Solana Lead the Market Decline Ethereum’s market cap has dropped 44%, now standing at $240 billion, while Solana has plunged 43% to $73 billion. These sharp declines highlight the intense volatility in the altcoin space, with investors reassessing their positions. On the other hand, Bitcoin (BTC) and Binance Coin (BNB) have fared much better. Bitcoin’s market cap is down just 18%, sitting at $1.735 trillion, while BNB has seen a 15% drop to $91 billion. The resilience of these two assets suggests that, despite the market’s struggles, investor confidence in Bitcoin and BNB remains stronger than in many altcoins. Ethereum Hits Its Lowest Value Against Bitcoin Since 2020 CryptoQuant’s data reveals that Ethereum has reached a historically undervalued level relative to Bitcoin. The ETH/BTC ratio has fallen 72% since September 2022, marking its lowest level since January 2020. Bitcoin’s market sentiment also remains weak, with CryptoQuant’s Bull Score Index at 20, the lowest reading since early 2023. The index, which measures investor confidence, suggests that the market lacks the momentum for a sustained rally in the near term. If the score stays below 40 for an extended period, it could indicate that the bearish phase is far from over. XRP’s Short-Lived Surge and Market Uncertainty XRP initially experienced a major rally after Trump’s 2024 election victory, with its market cap jumping from $30 billion to $142 billion by March 2025. However, the excitement appears to have cooled off, with active addresses on the XRP Ledger now down to 20K-40K. The divergence in performance among top cryptocurrencies underscores the uncertainty surrounding the market’s next move. Ethereum and Solana are struggling to recover, while Bitcoin and BNB remain relatively stable. Whether the market is headed for a deeper correction or preparing for a rebound remains to be seen. What’s Next for Crypto?As traders navigate this volatile landscape, the big question is: Will Bitcoin lead a market recovery, or is this just the beginning of a prolonged bear cycle? Investors are keeping a close watch on price movements and key indicators to determine what lies ahead.