Author: Denis Mwirigi

Denis is an experienced blockchain enthusiast and researcher. He is passionate about the opportunities and possibilities afforded by the advancement of this new technology. With a background in engineering, he blends technical expertise with a deep interest in foreign exchange, financial journalism, and technological trends.

Circle Receives Regulatory Approval as Money Service Provider in Abu Dhabi

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Circle, the company behind USDC stablecoin, gets a green light in Abu Dhabi to operate as a money services provider, signalling the UAE’s positive approach to digital assets.

 

Traditional finance is slowly fading in the global payment systems as digital finance gains ground across the world. Major institutions and governments have shifted their approach to digital financial operations to include cryptocurrencies, inspired by their efficiency in cross-border transcations.

 

In the latest market development, USDC stablecoin issuer Circle has received regulatory approval to operate as a money services provider in Abu Dhabi. This means that the company can offer money services such as payment services, issuance, and custody for the Abu Dhabi Global Market (ADGM). This comes as a reflection of the UAE’s stance on digital assets as key elements of the next financial revolution. Per the Circle announcement on X (formerly Twitter);

 

We’ve received In-Principle Regulatory Approval from  @ADGlobalMarket!  We have also entered into a strategic collaboration with @hub71ad, to strengthen innovation within the digital assets space, and advance access to trusted, transparent, and regulated stablecoin infrastructure across the region.

 

 

The  Past week has seen the stablecoin market surge by 4.8 billion, showing growing demand and adoption of crypto payment services. The market is anticipating further exponential growth in the coming months.

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Arizona Becomes First U.S State to Pass Strategic Bitcoin Reserve Legislation

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Arizona has made history by finalizing its committee stages to become the first U.S state to pass legislation allowing a strategic Bitcoin Reserve.

 

Bitcoin is solidifying its case as “digital gold” as the world faces a digital industrial revolution across various economic sectors.  While many people are unaware of this revolution, inflation and economic uncertainties in the global market have forced major financial giants and governments to reconsider future economic strategies. Digital assets have emerged as solutions to some of these challenges.

In a recent move, the U.S state has made a historical move, leading other state governments to adopt Bitcoin as a strategic reserve. According to the SB1025 bill, the state is set to integrate digital assets into government finance. The bill was passed with a 29-25 Senate vote outcome, sparking a wave of financial modernization in the U.S.

 

Source: X

 

The bill was introduced in the Senate by Senator Rogers and has cleared both houses, signaling Arizona’s stance on digital assets.  Arizona’s legislation outcome could trigger other states to hasten their adoption process, considering surging BTC prices in the market. As of press time, the bill awaits signing at the Governor’s desk, anticipating implementation.

 

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Mastercard Launches Global Stablecoin Payment System

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Mastercard is set to onboard its 1.1 billion users in the crypto market and Web3 using an integrated global stablecoin payment system. Continue reading Mastercard Launches Global Stablecoin Payment System

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Cardano Nears a Critical Resistance- What’s Next for ADA?

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Cardano is eyeing a breakout above a key resistance zone, signalling a breakout. Is ADA’s rally on the horizon?

 

Cardano has surged 1.2% in the past 24 hours, with a 51.55% increase in trading volume. This comes after weeks of price consolidation in a descending parallel channel formation on the 3-day chart. ADA is currently showing strength while pushing toward the $0.74 key resistance level, aiming to retest and break above the upper boundary of this pattern.

 

Source: X

What’s Fuelling ADA’s Bullishness?

Recent Polymarket data hint at a 52% chance of Cardano ETFs approval in 2025 by the U.S Securities and Exchange Commission (SEC).  Looking at the technical indicators, the MACD (12,26), short-term and mid-term moving averages signal “buy”, as of press time.

This is indicative of strong bullish momentum and heightened buying pressure among traders. According to Crypto analyst Ali Martinez on X (formerly Twitter), if the momentum holds, ADA could break past the $0.7,4, aiming for $0.88 in the short term. Traders are closely monitoring momentum around this resistance zone to determine their next moves.

 

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Stablecoin Market: Tether mints $1 Billion USDT amid Growing Demand

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Tether Treasury has minted $1,000,000,000 USDT amid a growing demand in the Stablcoin Market. Here are key insights on the stablecoin Market.

 

April 28th- Arkham, the blockchain intelligence platform, has revealed a recent $1 billion USDT mint at the Tether Treasury. This mint hints at a rising demand for stablecoins as the crypto market anticipates growth fueled by renewed investor confidence.

Additionally, minting such an amount in a single day could mean heightened institutional demand for liquidity in the market.

 

Source: Arkham

 

Recent data by DefiLlama shows a substantial growth in the stablecoin market. With new players like USDS and RLUSD, the market has hit $240 billion, with $4.58billion surge in the past one week.

A rising liquidity inflow signals increased trading activity and market health. With clear regulatory policies, digital assets continue attracting traditional finance, boosting crypto adoption. As adoption grows, the market is likely to mature and have fewer volatility storms.

 

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XRP Gains Bullish Momentum Eyeing $5 amid Price Breakout

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XRP has broken out of a major pattern with a high trading volume. Is a bullish rally on the horizon?

 

XRP has caught the market’s attention following a 69.42%  increase in its 24-hour trading volume amid a major breakout. According to CoinMarketCap‘s data, the coin is trading at $2.29 and has surged nearly 3% with a rising open interest (+6.6%), at press time.

This comes after weeks of price consolidation inside a falling wedge pattern, making lower highs and lower lows.

 

Source: X

 

Looking at the chart on a higher timeframe (3-day), the XRP price is consolidating above its descending trendline in this pattern formation. With a positive Open Interest (OI) Weighted funding rate, XRP  bulls are gathering strength.

Technical analysis by crypto analyst Captain Faibik has revealed $5 as XRP’s next target following this breakout. With the long-short ratio standing at 2.09, the bulls dominate the market, and XRP’s rally could be due in the next few days.

 

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Brazil’s Largest Bank Itau to Fund New Bitcoin Company

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Brazil’s largest bank, Itau Unibanco, is reportedly funding a new Bitcoin Company, Oranje, the country’s “microstrategy”.

 

The largest private bank in Brazil, Itau Unibanco, is reportedly joining the institutional Bitcoin race. According to recent reports circulating, the alleged microstrategy of Brazil is to be named Oranje. Additionally, the newborn company plans to make its first step into the crypto market with a $210 million BTC acquisition.  According to crypto analyst and researcher Vivek on X (formerly Twitter):

 

BRAZIL’S LARGEST BANK ITAU TO FUND NEW BITCOIN TREASURY COMPANY ORANJE THEY WILL BUY $210 MILLION #BITCOIN

 

While official confirmation from the bank remains pending, Itau’s move to purchase Bitcoin signals heightened investor demand and Fear of missing out (FOMO) among traditional financial players. This could be indicative of BTC’s resilience to solidify the name, “digital gold”. Itau could be setting the standards for other banks globally.

The market is likely to experience a spike in institutional buys as large investors position themselves in the digital assets market.

 

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Bonk Flashes Signs of Bullish Reversal amid THIS Breakout

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Bonks appears to have broken above its descending trendline, suggesting a possible bullish reversal.

 

Bonk has recently broken from a long-term descending trendline following weeks of making lower highs and lower lows. As of press time, Bonk was trading at $0.00001825 with a slight price fluctuation. According to renowned crypto analyst, World of Charts, if the bulls step in with a high buying pressure, Bonk could begin its uptrend rally.

 

Source: CoinMarketCap

 

Looking at the 1-day chart,  Bonk’s price is consolidating above its descending trendline and has also broken above a key resistance zone after retesting it several times. The memecoin has seen its trading volume and price surge as buyers jump in.

If Bonk bulls keep pushing above this level with a strong momentum, the memecoin could rally towards the $0.00003000 in the short term while targeting the 0.00005000 key resistance level. Traders are closely watching BONK’s momentum and changes in open interest at this level for further insights.

 

 

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Fed Chair Jerome Powell Likely to Cut Interest Rates- Impact on Crypto Market?

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The Federal Reserve is likely to cut interest rates as President Trump increases pressure on Fed Chair Jerome Powell.

 

The United States Federal Reserve is on the verge of cutting interest rates owing to President Trump’s pressure to do so. In the past week, the U.S president said interest rates could be lower if Fed Chair Powell “understood what he was doing.”As the chances of rate cuts rise, crypto investors have been debating how this could affect digital assets.

When the Fed cuts rates, there is more liquidity in the markets available to investors. Also, new, freshly printed dollars hit the market searching for new homes through investments. Investors are likely to pour this new liquidity in the form of smart money into hard and scarce assets.

Digital assets like Bitcoin, also considered the “digital gold,” have been appealing to the smart money since the start of the year. This means a significant sum of money could flow into BTC and other digital assets as investors optimize portfolio returns. Considering the potential gains on crypto, the availability of capital increases the appetite for risks. In other words, the market could see a major bull rally as Powell considers cutting interest rates in the coming weeks.

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Crypto Market Weekly Capital Inflow Hit $9B amid Renewed Investor Interest

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The crypto market has seen a positive capital inflow of nearly $9 billion, suggesting heightened investor interest and confidence.

 

Following weeks of mixed signals, the crypto market is flashing signs of a boom. A fresh capital inflow into the market signals rising investor optimism and growing confidence in the brewing bullish momentum. Recent Glassnode data has revealed a $9 billion surge in positive capital inflow in the market.

 

Source: X

 

Bitcoin and Ethereum have led the market in capital inflow in the past week, with the stablecoin market rallying behind. When new capital enters the market, the prices of cryptocurrencies tend to surge as demand rises. Fresh capital inflow suggests potential accumulation of digital assets by both retail and institutional investors.

While the market may not see an immediate price upsurge, the rising demand could trigger price rallies in the next few days as the long-short ratio increases. Selling pressure tends to decrease as investors take note of the capital inflow metric in anticipation of higher gains.

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