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Cardano was in a tight range at a crucial support level after Charles Hoskinson made a case for the network and its token. Cardano (ADA) was trading at $0.80, down by over 40% from its highest level in December last year. The coin wavered after Hoskinson, its founder, blasted Ethereum and Solana in a long YouTube interview. In it, he noted that its biggest differentiating factor was that it was working on integrating with Bitcoin — a move that he believes is an unexplored $2 trillion opportunity. He said: “Somebody is going to crack it. We will work on it hard as we aim to be the Decentralized Finance or DeFi layer of the Bitcoin network. I don’t think it Ethereum (ETH) and Solana (SOL) have what it takes to achieve this.” Hoskinson’s interview came a few months after Cardano announced a partnership with BitcoinOS. This integration is expected to be activated in the next few months. Cardano is not the first blockchain to create a Bitcoin layer. Core, a layer-2 for Bitcoin’s ecosystem, has attracted 53 developers and a total value locked of $626 million. Stacks (STX) has 12 dApps and $104 million in assets. You might also like: Bitcoin price steady as Nasdaq 100, S&P 500, SCHD retreats Hoskinson also criticized Ethereum for promoting layer-2 networks, which have taken its users. L2 networks like Base, Arbitrum, and Optimism have become key players in the Ethereum network, handling transactions worth billions of dollars. These L2 networks are popular because of their lower transaction fees and the fact that they leverage Ethereum’s security. He also blasted Solana, a highly popular Cardano competitor, arguing that it cannot survive, especially when data moved in its ecosystem surges. Hoskinson’s interview came a week ahead of his so-called VIP meeting. Crypto analysts anticipate it will be X owner Elon Musk. Cardano price forecast ADA price chart | Source: crypto.news The weekly chart shows that ADA price peaked at $1.32 in November last year and then retreated. Its upper side was a crucial level since it coincided with the 38.2% Fibonacci Retracement level. Cardano then retreated to $0.524 as it moved to form the second phase of the Elliot Wave pattern. This phase is usually followed by the third one, which is usually bullish and the longest. You might also like: 4 reasons Pi Network price crashed after mainnet launch Cardano remains above the 50-week moving average, a sign that bulls are in control. Therefore, the coin will likely bounce back as bulls target last year’s high of $1.32, up by 70% from the current level. You might also like: Crypto industry rallies behind Bybit, responds to $1.4b breach

Infini neobank reportedly hacked for $49.5M Blockchain security firm CertiK reported on its X account, CertiK Alert, an abnormal fund transfer from an unverified Ethereum contracts, with approximately $49.5 million moved and being converted into DAI. The stablecoin neobank project Infini is suspected to be the target of the hack. Infini founder Christian stated on X that they are reviewing the details, assuring that withdrawals remain unaffected and pledging full compensation to all affected users, even in the worst-case scenario.

Only 44% of U.S. spot Bitcoin ETF inflows linked to long-term investments: 10x Research Markus Thielen, head of research at crypto market research firm 10x Research, reported that only 44% of U.S. spot Bitcoin $BTC ETF inflows are associated with long-term investments, according to Cointelegraph. The U.S. spot Bitcoin ETFs have experienced a total net inflow of $39 billion since their launch in January 2024, Thielen stated, while adding that merely $17.5 billion has stemmed from long-only purchases. The remaining 56% seems to have been utilized in arbitrage strategies correlated with Bitcoin futures. In addition, the 10x Research executive also noted that the largest holders of the BlackRock spot Bitcoin ETF (IBIT) are hedge funds and trading firms. As these largest holders "specialize in exploiting market inefficiencies and capturing yield spreads,” they have now halted adding inflows to spot Bitcoin ETFs and are actively unwinding their existing positions. This is because the current funding rates and basis spreads are too low, Thielen explained.

I'm bullish on meme coins for Friday, particularly *Dogecoin (DOGE)*, *Shiba Inu (SHIB)*, and *Pepe (PEPE)*, which have been on fire, posting double-digit gains as the market continues its bullish streak ¹. Other notable mentions include: - *Dogwifhat (WIF)*: Showing signs of a potential bottom and bullish reversal, with some analysts calling it a buy ². - *Fartcoin*: Broken out of a multi-week descending trendline, typically considered extremely bullish for meme coins ². - *Just a Chill Guy (CHILLGUY)*: Started its bullish reversal, with some analysts expecting 5x to 10x returns ². Additionally, the *RWA (Real-World Assets) sector* is gaining traction, with institutions showing strong support. This sector is expected to grow from $37 billion to $50 billion by 2025 and potentially reach $30 trillion by 2030 ³. Keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Always do your own research and consider multiple sources before making any investment decisions.

Fatal Exploit Crashes 69% of Dogecoin, but It Could Have Been Worse: The Man Who Saved It Speaks An exploit first discovered and disclosed by crypto researcher Tobias Ruck crashed over half of the nodes of Dogecoin, a cryptocurrency with a market capitalization of over $58 billion. This event remarks that cryptocurrency projects are as vulnerable as their codebase. Dogecoin Attacked Remotely, 69% of Nodes Crashed With Already Disclosed Exploit Dogecoin, a cryptocurrency project with a market capitalization of over $58 billion, was recently attacked with an exploit that heavily affected its node structure. The exploit, dubbed “Dogereaper,” allowed Sequentia developer Andreas Kohl to crash 69% of all the Dogecoin nodes using only an old laptop from El Salvador. The exploit allows any attacker to use the name of any node to remotely crash it. The “Department Of DOGE Efficiency” account on X likened .