AltSignals Blog

“Explore the latest technical analysis of Cardano’s bullish movement, where it’s seen to reclaim control after crucial retests around the $0.49 support. Understand key points such as its strong support at $0.49, the role of point of control, and the potential rally to $1.19 resistance. Learn about the anticipated price action from the viewpoint of volume requirements, the validation of a bullish market structure, and future expectations for Cardano’s trend.”

The article discusses the tokenization of money market funds as a key step in preserving the appeal of cash as an asset. It highlights the increasing adoption of stablecoins and initiatives by Goldman Sachs and Bank of New York Mellon to tokenize shares of these funds. It also mentions the recently passed US GENIUS Act and its expected impact on digital dollar use, integrating blockchain technology into the traditional banking system.

President Donald Trump signs the GENIUS Act into law, providing a regulatory framework for stablecoins, marking a significant development for the crypto industry. The law could help in making the United States the crypto capital of the world. The passage of this act could encourage widespread usage of stablecoins, potentially marking the greatest revolution in financial technology. The approval of other related bills such as the CLARITY Act and Anti-CBDC Surveillance State Act await Senate approval.

Injective introduces SBET, the world’s first onchain Digital Asset Treasury (DAT), marking a significant step in its iAssets framework. SBET tokenizes SharpLink Gaming’s $1B ETH treasury into a tradable, yield-generating asset. The launch expands Injective’s suite of tokenized assets and showcases the power of its iAssets framework in integrating real-world assets onchain.

Nigeria’s SEC Director-General Emomotimi Agama announces the country’s openness to stablecoin businesses that comply with local regulations. The statement was made during the Nigeria stablecoin summit in Lagos, emphasizing the essential role of regulating stablecoins for the country’s financial development. The move mirrors Nigeria’s recent shift in approach to cryptocurrency regulation, with steps towards creating a clear framework for the crypto sector. The news follows Blockchain.com’s announcement to open a physical office in Nigeria, indicating a promising landscape for crypto businesses in the country.

Ripple’s RLUSD Stablecoin, initially marketed towards enterprises, is increasingly gaining traction with retail users thanks to its integration with self-custodial wallets and platforms like Transak. Though launched with enterprise focus, the majority of RLUSD holders are on the XRP Ledger, indicating its expanding popularity beyond enterprises. Despite the rise in retail use, Ripple continues to position RLUSD as an enterprise solution due to the speed and efficiency of the XRPL.

Digital asset platform OSL Group raises a historic $300 million in Asia’s largest publicly disclosed equity finance boost in the crypto sector, signaling key market recognition. The funds will power acquisitions, global business initiatives, and elevate working capital, expanding OSL’s international reach. With a focus on stablecoin services, OSL continues to set the pace in the evolving world of digital assets, amidst increasing global traction for stablecoins.

Digital asset platform OSL Group raises a record $300 million in Asia’s crypto sector. Funds to be used for acquisitions, global business initiatives, and working capital. The company also aims to expand its infrastructure worldwide, including in Japan, Australia, Europe, and Southeast Asia.

Pump.fun, a popular platform for launching Solana-based meme coins, raised an impressive $500 million in less than 12 minutes through an ICO, selling 125 billion of its own PUMP tokens. The platform’s live-action speed and low entry barriers have made it a retail craze among investors, powering its boom despite concerns about its high volatility and the potential for pump-and-dump schemes. This article explores the success of Pump.fun’s ICO, its subsequent strategic moves, and the criticisms surrounding its model.