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NVIDIA Unveils Exemplar Clouds to Enhance AI Cloud Benchmarking NVIDIA introduces Exemplar Clouds to standardize AI cloud infrastructure benchmarking, ensuring transparency and performance across cloud providers.

The Cardano price today is trading near $0.722, slipping below key moving averages and trendline support after repeated failures near the $0.766 level. This marks a critical juncture in Cardano price action, as the asset hovers just above the $0.720 support band. A daily close below this zone could expose ADA to a deeper retracement toward the 61.8% weekly Fib level near $0.6768, while a bounce could revive bullish attempts to retest $0.77. Over the past five days, Cardano price has struggled to break above a descending resistance trendline visible on both the 4-hour and 30-minute charts. The rejection near $0.766 created a double-top structure, and subsequent candles broke below a rising wedge support, signaling growing bearish pressure. On the 4-hour chart, price has now slipped beneath the 50 and 100 EMA lines and is testing the 200 EMA at $0.7279. The structure suggests short-term momentum has shifted toward sellers, with horizontal support at $0.7200 now acting as a make-or-break level. On the weekly chart, ADA has failed to maintain momentum above the 50% Fibonacci retracement at $0.8008, and price is now reacting to the 0.618 zone ($0.6768) — a level that previously acted as a springboard in March and April. The weakness in Cardano price today stems from a convergence of technical breakdowns and fading intraday momentum. RSI on the 30-minute chart sits at 39.57, reflecting short-term oversold conditions but also confirming the lack of buying strength. Meanwhile, MACD has formed a bearish crossover, with its histogram sliding deeper into negative territory. The Bollinger Bands on the 4-hour chart have started to widen, suggesting that Cardano price volatility is expanding — typically a prelude to continuation moves rather than reversals. The current candle structure also shows smaller bodies with longer wicks, indicating indecision and an absence of strong dip-buying. Ichimoku Cloud analysis shows price has dropped below the cloud on the 30-minute chart. The Chikou Span is also below the candles, and the Tenkan-Kijun cross is bearish — all signals reinforcing a negative short-term trend outlook. With ADA breaking below short-term trendlines and EMA clusters, Cardano price action now rests on its final local support near $0.7200. If this fails to hold, the next major area lies around $0.6768, a level that aligns with the 61.8% weekly Fib and horizontal base support. The daily chart confirms the importance of this zone, showing ADA consolidating above this base in early May before a breakout toward $0.8166. Failure to reclaim support quickly could lead to a bearish continuation pattern forming on higher timeframes. To regain bullish momentum, ADA must reclaim $0.7300–$0.7350 on strong volume and close above the lower boundary of its previous range. The next resistance stands at $0.7660, followed by a potential extension to $0.8166, where sellers have previously defended aggressively. However, if ADA loses $0.7200 decisively, the next leg down could extend to $0.6768, with further downside risk toward $0.65 if macro sentiment weakens. Traders should watch for high-volume reaction near the current support and assess short-term EMAs and momentum indicators for signs of either continuation or reversal. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Pi Network's current sentiment is bearish, with a significant decline in its price over the past few days. The sentiment analysis indicates: - *Bearish Momentum*: Pi Network's price action is below the Kijun-sen and close to the Tenkan-sen, showing short-term bearish momentum. - *Loss of Confidence*: The recent price action suggests a loss of confidence, with potential for further downside. - *Fading Momentum*: Indicators like Ichimoku Cloud and BBTrend show fading momentum, with no signs of reversal. *Key Indicators:* - *RSI*: Currently at 36, moving out of the oversold zone but still in bearish territory. - *BBTrend*: At -40.69, marking its lowest reading on record and staying negative for the past five days. MACD*: Shows slight buying pressure, but overall trend remains bearish *Market Sentiment Drivers: - *Community Engagement*: Community plays a crucial role in determining market sentiment. Positive sentiment can lead to increased interest and investment. - *Media Influence*: Media coverage significantly impacts market sentiment. Positive articles can elevate perceived value, while negative news can trigger fear and uncertainty Given the current bearish sentiment, investors should exercise caution. A decisive break above key resistance levels would be necessary to confirm a potential trend reversal

Venture capital firm A100x launches $50 million second fund to support early-stage companies in fields such as AI and digital assets Venture capital firm A100x announced that it has launched its second fund with a size of US$50 million. The strategic goal of the fund is to support and cultivate early-stage startups in the fields of next-generation artificial intelligence (AI), digital assets and blockchain. It is reported that A100x's current investment portfolio in the fields of blockchain and artificial intelligence includes: Web3 solution Blockdaemon, mining cloud service Coreweave, on-chain analysis platform Nansen, blockchain game developer Mythical Games, tokenization company Securitize, etc. (PRNewswire)

The legal entanglement between Ripple and the U.S. SEC took a new turn after Judge Analisa Torres denied a joint motion to modify the final judgment. This has raised serious questions about the future of their settlement. Meanwhile, Australian lawyer Bill Morgan has outlined six critical legal issues facing both parties. Notably, on May 8, Ripple and the SEC jointly filed a motion seeking to amend key terms of a previously agreed-upon settlement. This included lifting a permanent injunction on Ripple’s institutional XRP sales and reducing a $125 million civil penalty to $50 million. However, Judge Torres dismissed the motion on May 15, stating it failed to meet procedural standards under Rule 60 of the Federal Rules of Civil Procedure, which governs relief from final judgments. The motion had instead relied on Rule 62.1, which allows a judge to issue an indicative ruling when a case is under appeal. Judge Torres made it clear that the motion would still be denied even if jurisdiction were restored from the appellate court. Related: XRP Case Setback: Ripple-SEC Joint Motion Fails to Clear Court’s Procedural Bar Reacting to the development, attorney Morgan posted a detailed legal analysis on X. He identified six unanswered questions that now cloud the path forward for Ripple and the SEC. His reflections center on the validity of the settlement, procedural compliance, and the SEC’s internal governance. Among the most pressing concerns: Morgan suggests it’s “hard to believe” that experienced legal teams from both Ripple and the SEC would overlook such a critical procedural rule. This implies the use of Rule 62.1 may have been a calculated move to bypass the difficulty of proving “exceptional circumstances” under Rule 60. The failure of the joint motion means the $125 million penalty remains in place, and the ban on institutional XRP sales still stands, at least for now. Related: Ripple Can Now Access $400 Billion UAE Trade Zone With New DFSA Payment License Meanwhile, Ripple’s Chief Legal Officer, Stuart Alderoty, clarified that Judge Torres’ denial is procedural and does not affect Ripple’s prior legal victories, including the July 2023 ruling that XRP is not a security. He emphasized that Ripple and the SEC remain aligned in seeking resolution and plan to refile under the appropriate legal framework. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.