UK Mandates Crypto Firms to Report Every Transaction
At a time when cryptocurrencies are establishing themselves as a major lever of individual financial sovereignty, the United Kingdom has decided to tighten its grip. From 2026, every transaction will be scrutinized, every user identified. Anonymity, the cornerstone of the crypto ecosystem, is wavering under the battering ram of tax regulations.
Starting in 2026, the British government will require that every crypto transaction be accompanied by a detailed set of personal data. The stated goal: to enhance transparency and combat tax evasion. In reality, this initiative marks the beginning of an era of systematic surveillance:
This infrastructure aligns with the OECD’s Crypto-Asset Reporting Framework, turning every actor in the blockchain into a relay for the tax administration. This shift initiates a radical break with the founding values championed by Bitcoin, then extended to Web3: decentralization, pseudonymity, and financial autonomy.
Crypto platforms operating in the United Kingdom will also have to adapt their technical architecture to incorporate this new reporting requirement. It is no longer simply about KYC, but about exhaustive and permanent transactional traceability . The slightest identification error could result in a £300 (356.94 €) fine per user, a penalty as deterrent as it is symptomatic of an authoritarian shift.
The obligations also encompass commercial entities, trusts, and charitable organizations. For crypto providers, the challenges are colossal:
This new paradigm could provoke an exodus of crypto companies towards less intrusive jurisdictions.
Individual users will not be spared, as every wallet linked to a platform will have to be associated with a name, address, and tax number, even for minor transactions. The collateral effect is obvious: anonymity becomes a forbidden luxury. The promise of free digital sovereignty fades in favor of systematic control. Resisters, whether negligent or activist, will have to choose between a heavy fine or marginalization.
For those who thought crypto offered refuge from hyper-surveillance by the state, the awakening is brutal:
This regulation no longer targets only criminals; it targets the entire ecosystem by default.
The United Kingdom is not an isolated case. The European Union is also preparing the post-anonymity era. From 2027, the AMLR will ban confidential cryptos and eliminate all anonymous wallets. In this context, the fantasy of a free and apolitical blockchain seems to collapse. This logic of “total transparency” raises a fundamental question: how far can states go without compromising fundamental freedoms? And above all, what space remains for truly independent crypto?
Cardano About to Explode? Watch $0.80 Closely
Cardano (ADA) price has been consolidating under key resistance levels, but recent technical signals suggest something big may be on the horizon. With price action narrowing and volume dropping, ADA price could be approaching a decisive breakout — but in which direction?
The daily Heikin Ashi chart shows ADA currently trading around $0.757 , which is just above the 20-day and 50-day simple moving averages (SMAs), but below the 100-day SMA ($0.7188) and the 200-day SMA ($0.8025). These levels form a significant compression zone — a tight space where prices often coil before a strong move.
ADA price rejection from the $0.88–$0.90 range earlier in May created a local top. Since then, it's retraced to test support levels near $0.73, which interestingly aligns with the 50-day SMA.
Mathematically, if ADA price closes below $0.73 , the next daily support from the Fibonacci retracement tool lies near $0.68, with deeper downside possible to $0.62.
However, if ADA can reclaim $0.78 and close above the 200-day SMA at $0.80, bulls may target the psychological resistance at $1.00, which would mark a 31.9% upside from current levels. This makes $0.80 a crucial trigger zone for bullish momentum.
Zooming into the 1-hour chart, Cardano price is in a tightening channel . Price is currently battling against a cluster of moving averages — 20, 50, 100, and 200 SMAs — all trending downward in a bearish ribbon. The short-term moving averages (20 and 50) are below the long-term averages (100 and 200), indicating bearish pressure remains dominant in intraday timeframes.
Recent hourly candles show lower highs and lower lows — a classic descending triangle pattern forming between $0.75 support and $0.77 resistance. If this structure breaks down, ADA could fall quickly to $0.73, matching the support level seen on the daily chart.
However, if bulls manage to flip the 100-hour SMA at around $0.768, the short squeeze toward $0.786–$0.79 becomes likely, where heavy resistance from the 200-hour SMA sits.
Volume on both daily and hourly timeframes has been gradually declining, a classic sign of a breakout or breakdown brewing. Volume will be the key to validating any move beyond $0.80 or below $0.73. If bulls enter with strength on a breakout, momentum could take ADA past the $0.90 highs from earlier this month.
If Cardano price maintains support above $0.73 and breaks above $0.80, a rally toward $0.95–$1.00 is in sight. The current RSI and MACD (not shown, but typically tracked) suggest neutrality, meaning the market is awaiting a trigger — likely Bitcoin's next move or macro news.
But if ADA breaks down below the $0.73 support, bears could take control, pushing the price to the next Fibonacci levels at $0.68 and possibly even $0.62.
Considering the narrowing range, ADA’s price is likely to make a 10%–20% move in either direction within the next 5–7 trading sessions. Traders should watch the $0.73–$0.80 band very closely.
Cardano price is in a tight squeeze between strong support and firm resistance . While short-term charts favor bears, the daily chart still leaves room for a bullish comeback. A decisive move is imminent — and whichever side breaks first will likely control ADA’s trajectory for the rest of May.
Let’s keep an eye on the $0.80 resistance and $0.73 support. ADA is coiled, and it's only a matter of time before it strikes.
Cardano (ADA) price has been consolidating under key resistance levels, but recent technical signals suggest something big may be on the horizon. With price action narrowing and volume dropping, ADA price could be approaching a decisive breakout — but in which direction?
The daily Heikin Ashi chart shows ADA currently trading around $0.757 , which is just above the 20-day and 50-day simple moving averages (SMAs), but below the 100-day SMA ($0.7188) and the 200-day SMA ($0.8025). These levels form a significant compression zone — a tight space where prices often coil before a strong move.
ADA price rejection from the $0.88–$0.90 range earlier in May created a local top. Since then, it's retraced to test support levels near $0.73, which interestingly aligns with the 50-day SMA.
Mathematically, if ADA price closes below $0.73 , the next daily support from the Fibonacci retracement tool lies near $0.68, with deeper downside possible to $0.62.
However, if ADA can reclaim $0.78 and close above the 200-day SMA at $0.80, bulls may target the psychological resistance at $1.00, which would mark a 31.9% upside from current levels. This makes $0.80 a crucial trigger zone for bullish momentum.
Zooming into the 1-hour chart, Cardano price is in a tightening channel . Price is currently battling against a cluster of moving averages — 20, 50, 100, and 200 SMAs — all trending downward in a bearish ribbon. The short-term moving averages (20 and 50) are below the long-term averages (100 and 200), indicating bearish pressure remains dominant in intraday timeframes.
Recent hourly candles show lower highs and lower lows — a classic descending triangle pattern forming between $0.75 support and $0.77 resistance. If this structure breaks down, ADA could fall quickly to $0.73, matching the support level seen on the daily chart.
However, if bulls manage to flip the 100-hour SMA at around $0.768, the short squeeze toward $0.786–$0.79 becomes likely, where heavy resistance from the 200-hour SMA sits.
Volume on both daily and hourly timeframes has been gradually declining, a classic sign of a breakout or breakdown brewing. Volume will be the key to validating any move beyond $0.80 or below $0.73. If bulls enter with strength on a breakout, momentum could take ADA past the $0.90 highs from earlier this month.
If Cardano price maintains support above $0.73 and breaks above $0.80, a rally toward $0.95–$1.00 is in sight. The current RSI and MACD (not shown, but typically tracked) suggest neutrality, meaning the market is awaiting a trigger — likely Bitcoin's next move or macro news.
But if ADA breaks down below the $0.73 support, bears could take control, pushing the price to the next Fibonacci levels at $0.68 and possibly even $0.62.
Considering the narrowing range, ADA’s price is likely to make a 10%–20% move in either direction within the next 5–7 trading sessions. Traders should watch the $0.73–$0.80 band very closely.
Cardano price is in a tight squeeze between strong support and firm resistance . While short-term charts favor bears, the daily chart still leaves room for a bullish comeback. A decisive move is imminent — and whichever side breaks first will likely control ADA’s trajectory for the rest of May.
Let’s keep an eye on the $0.80 resistance and $0.73 support. ADA is coiled, and it's only a matter of time before it strikes.
Ripple’s RLUSD vs Tether’s USDT: GENIUS Act May Reshape Stablecoin Ranks
The Stablecoin GENIUS Act is anticipated for a U.S. Senate vote next week. Market analysts suggest this development could become a game-changer for Ripple’s ecosystem, especially its stablecoin RLUSD. This legislative action, according to the analysis outlined in the report, may create significant benefits for RLUSD, potentially allowing it to take a large share of the global stablecoin market.
If RLUSD reaches 50% of Tether’s current $150 billion market cap, the implications for XRP could be transformative. A surge in RLUSD adoption would not only solidify Ripple’s position in the digital payments space but also provide the momentum needed to push XRP to new all-time highs.
RLUSD trades close to $1 with a market cap of $331 million . Over the past five months, its value has multiplied sixfold. This growth pace, if sustained or accelerated by regulatory clarity, could place RLUSD at the forefront of U.S.-backed stablecoins.
The GENIUS Act favors domestic stablecoins and aims to modernize outdated payment rails. With bipartisan support and regulatory approval, RLUSD is well-positioned to benefit from an exodus of capital from offshore-issued assets like Tether (USDT).
Related: Ripple’s $25M Gift in RLUSD Shows How Crypto Can Fund Education at Scale
If RLUSD captures even half of Tether’s dominance, that equates to a $75 billion market cap. Such an influx would deepen liquidity on Ripple’s network and increase transactional demand for XRP. This scenario could push XRP’s utility-driven price above $3 and possibly beyond $4, depending on broader market sentiment and retail participation.
At press time, XRP is priced at $2.36 , reflecting a slight daily decline. However, technical indicators suggest underlying strength. The MACD line is above the signal line, a positive momentum signal.
Additionally, the histogram remains in bullish territory. The RSI sits at 53, signaling neutral conditions but showing room for an upside move before hitting overbought levels.
Related: Ripple’s RLUSD Stablecoin Could Enter Top 5 by 2025, Says Analyst
Moreover, historical behavior supports optimism. In December 2024, XRP surged over 70% after RLUSD secured regulatory approval. If RLUSD gains traction as a mainstream payment option across the U.S., a similar or greater rally is conceivable.
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.
Why Is The PI Army So Passionate? Pi Network Co-Founder Explains
TL;DR
Despite its controversial history, which included years of delaying the actual network launch and token release, Pi Network has grown to be one of the most popular and talked-about projects in the cryptocurrency space. After all, it has been in existence, in some form, for roughly half a decade.
During the recent appearance at the 2025 Consensus conference in Toronto, Kokkalis was asked about this growing popularity, where it stems from, and if the community is vocal on Pi or decentralization in general.
The project’s co-founder, who is also the head of technology, believes the main reason behind this popularity is the concept of value capture.
“In the future, where more and more work is being done by agents and AI, it’s important to make sure that the value is not only captured by a few individuals or a few companies. It can be captured by a large number of people. And that’s where blockchain and our projects can come [in]to play.”
He added that Pi Network’s popularity can continue rising if all projects within its ecosystem work toward capturing value for a larger number of people.
Just over a week ago, PI’s price started to climb aggressively and it surged from $0.6 to $1.7 within days. This massive ascent transpired after the team behind the project hinted about a big announcement coming on May 14.
Once that was revealed , which turned out to be a $100 million fund designated for ecosystem investments, PI started to nose dive. Earlier today, it fell below $0.7 after another double-digit daily decline. As such, it has almost erased all gains registered from the hype-driven rally, which makes it another ‘sell the news’ event.
Galaxy CEO: Biden was ‘un-American’ to crypto, BTC to hit $150k
Michael Novogratz, founder and CEO of Galaxy Digital, said the crypto industry is at a turning point as his firm went public on the Nasdaq Thursday under the ticker GLXY.
“We started off wanting to be the Goldman Sachs of crypto,” Novogratz said during a CNBC “Squawk Box” interview, recalling early days building out a broker-dealer and asset management firm. “The herd is finally here.”
Galaxy’s public debut comes with a shift in strategy . While the company remains focused on crypto, it has also moved into the AI data center business.
Novogratz described Galaxy as a “data center company plus a crypto company,” pointing to a major lease with CoreWeave at the Helios site in Texas. “That’s close to $14 billion of rent over the next 15 years,” he said.
Novogratz framed the AI expansion as more than a hedge. “These are the two most exciting growth areas—AI and crypto,” he said. “By mid-next year, we should have the first section [of the data center] really pulling a whole bunch of cash.”
On the policy front, Novogratz was candid about politics.
“The four years under Biden were really un-American when it came to crypto. It was just misery,” he said, calling the current environment “amazing for the space.”
While some Democrats criticize Trump’s ties to crypto, Novogratz praised efforts by Senators Warner and Gallego for pushing bipartisan legislation .
“We got to get this bill done, which I think happens Monday. Then there’s a market structure bill, and then crypto will go quiet in D.C.,” he said.
Looking ahead, Novogratz predicted further gains for Bitcoin ( BTC ).
“It looks like we’ll take out 106, 107, 108 and make the next leg to 131, 150,” he said. He added, “Crypto is a $2 trillion asset. Gold is a $22 trillion asset. One day, crypto will equal gold.”