Crypto staking protocol Symbiotic has announced a $29 million raise in its Series A funding round led by Pantera Capital. Symbiotic, whose permissionless restaking platform went live on Ethereum (ETH) in January, announced the milestone on April 23. The funding…

Coinbase, Pantera back $29m raise for crypto staking protocol Symbiotic

The Cardano price is showing strong signs of a breakout, with a technical 
analyst pointing to a massive 300% explosion on the horizon. If the current 
pattern holds, ADA could be gearing up for a major bullish impulse that could 
push prices as high as $2.65 within the next few months. Master Ananda, a 
crypto analyst on TradingView has released a new chart report predicting that 
Cardano will experience a staggering 300% price surge in the next three 
months. The analyst’s firm bullish outlook for ADA stems from the formation of 
a Falling Wedge pattern on the cryptocurrency’s monthly chart. Cardano Price 
Aims For 300% Rally A Falling Wedge is a distinctive reversal chart pattern 
that suggests a potential bullish reversal after a period of decline. This 
pattern had been forming on the Cardano price chart since January 2025, 
characterized by a series of lower highs and lower lows, gradually tightening 
within the structure. Currently, the Cardano price has broken to the upside of 
the Falling Wedge, signaling a potential end to the cryptocurrency’s prolonged 
correction phase and the beginning of a new bullish phase. Related Reading: 
Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery Adding 
fuel to this optimistic outlook, Master Ananda revealed that ADA had formed a 
higher low on April 7, 2025, which aligns with the critical support zone near 
the $0.57-$0.60 range. The analyst views this move as a confirmation that 
Cardano may have reached a bottom, supported by a prior long lower wick in 
early February that highlighted significant buying pressure. Based on 
Cardano’s current technical setup, Master Ananda forecasts that the 
cryptocurrency will see a 300%+ increase to $2.65. This bullish target aligns 
with the 2.618 Fibonacci Extension level on the price chart. With Cardano 
currently trading at $0.7, the analyst anticipates a breakout through multiple 
key Fibonacci Extension levels, each serving as a future price target. The 
first major target lies at the 0.382 Fib, which aligns with the $0.81 level. 
From there, the Cardano price is expected to climb past the 0.5 Fib at $0.91, 
the 0.618 Fib at $1.01, and the 0.786 Fib at $1.14. If momentum persists, ADA 
could then rally toward a high target of $1.3 before skyrocketing to the 1.618 
Fib at $1.83. Once it successfully crosses this level, the cryptocurrency is 
expected to reach its final projected target of $2.65 in this analysis. ADA 
Set For Long-Term Bullish Growth According to Master Ananda’s analysis, ADA’s 
current price action is just the beginning of a mid-term bullish impulse that 
could extend well into Q3 2025. While short-term price swings are expected, 
the underlying structure of the Falling Wedge pattern suggests Cardano is 
entering a sustained growth phase. Related Reading: Cardano Price Breaks Out 
Of Prolonged Bearish Trend Toward $0.7, Here’s The Next Target Furthermore, 
the TradingView analyst has revealed that the projected move to $2.65 is not 
the top of the cycle but part of a much larger trend. He stresses that this 
long-term bullish growth will not happen overnight. However, as long as prices 
hold above the 0.236 Fibonacci support at $0.69, long positions are expected 
to remain secure. Featured image from Adobe Stock, chart from Tradingview.com

Cardano Price Set For 300% Explosion With Major Bullish Impulse

The newly sworn-in SEC chair is set to make his highly anticipated debut with 
a speech that could ignite sweeping reforms and redefine the future of crypto 
regulation. Paul Atkins’ First Speech as SEC Chair to Set Stage for Oversight 
Reform The U.S. Securities and Exchange Commission (SEC) announced on April 23 
via its official […]

New SEC Chair to Speak at Crypto Roundtable as Policy Pivot Looms Large

The Federal Bureau of Investigation&#8217;s Internet Crime Complaint Center (IC3) 
has released its annual report detailing complaints and losses due to scams 
and fraud involving cryptocurrency in 2024.
According to the report released on April 23, the IC3 received more than 
140,000 complaints referencing cryptocurrency in 2024, resulting in roughly 
$9.3 billion in losses. The bureau reported that individuals over the age of 
60 had been the most affected by crypto-related fraud, with roughly 33,000 
complaints and $2.8 billion in losses.
_Source:__FBI_
&#8220;Last year saw a new record for losses reported to IC3, totaling a staggering 
$16.6 billion,&#8221; said the report. &#8220;Fraud represented the bulk of reported 
losses in 2024, and ransomware was again the most pervasive threat to critical 
infrastructure, with complaints rising 9% from 2023,&#8221; notes the report, adding 
that, as a group, those over the age of 60 suffered the most losses and 
submitted the most complaints.
The report added that the resultant losses had increased roughly 66% since 
2023, from roughly $5.6 billion to $9.3 billion. The most significant 
percentage of losses occurred due to crypto investment schemes, while the 
largest number of complaints related to &#8220;sextortion&#8221; schemes, in which 
fraudsters manipulated photos and videos to create explicit content. Other 
scams included schemes involving the use of crypto ATMs or kiosks.
_**Related:**__**Crypto scam uses trade war fears to lure victims, Canadian 
watchdogs warn**_
In February, the FBI reported its &#8220;Operation Level Up&#8221; had saved potential 
victims of crypto fraud roughly $285 million between January 2024 and January 
2025. However, blockchain analytics firm Chainalysis speculated that 2025 
could see the largest number of scams to date, given that generative AI is 
making the practice &#8220;more scalable and affordable for bad actors to conduct.&#8221;
Globally, Chainalysis estimated that there had been roughly $41 billion in 
illicit crypto volume in 2024, with roughly 25% of the funds involved with 
&#8220;hacking, extortion, trafficking, or scams.&#8221; Some of the most high-profile 
crimes included the $1.4 billion in crypto stolen from the Bybit exchange in 
March and North Korean hackers taking more than $1.3 billion.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

Americans lost $9.3B to crypto fraud in 2024 — FBI

Sovereign wealth funds and other institutions were accumulating Bitcoin (BTC) 
during April 2025, while retail traders were exiting the markets via exchange- 
traded funds (ETFs) and spot markets, according to John D&#8217;Agostino, the head 
of strategy at Coinbase Institutional.
During a recent appearance on CNBC, the Coinbase executive likened Bitcoin to 
gold and said that many institutional buyers bought BTC as a hedge against 
currency inflation and macroeconomic uncertainty. The Coinbase executive said:
&gt; &#8220;Bitcoin is trading on its core characteristics, which again are similar to 
&gt; gold. You&#8217;ve got scarcity, immutability, and non-sovereign asset 
&gt; portability. So it&#8217;s trading the way people who believe in Bitcoin would 
&gt; like it to trade.&#8221;
&#8220;When you do the work, there&#8217;s a very short list of assets that mirror the 
characteristics of gold. Bitcoin is on that shortlist,&#8221; the executive added.
Governments and financial institutions are increasingly adopting Bitcoin to 
protect purchasing power and the value of their treasuries in the face of 
macroeconomic shocks and geopolitical tensions.
_Bitcoin recently broke back above the $90,000 level and has reclaimed its 
&#8216;decoupling&#8217; narrative. Source: __CoinMarketCap_
 _**Related:**__**Bitcoin holders back in profit as new capital enters the 
market &#8212; Is $100K BTC price next?**_
## Institutions adopting Bitcoin reserve strategies to combat inflation
Sovereign countries like El Salvador and Bhutan have adopted national Bitcoin 
reserves and actively purchase Bitcoin for their reserves.
Municipalities and state governments have also adopted pro-Bitcoin policies 
and proposed legislation to accumulate Bitcoin to protect the purchasing power 
of treasuries from depreciating fiat currencies.
Michael Saylor and Strategy, formerly known as MicroStrategy, popularized the 
corporate Bitcoin treasury concept now adopted by a growing list of companies, 
including MARA, MetaPlanet, and Semler Scientific.
The executive also transformed the business software and intelligence company 
into a Bitcoin holding firm, akin to a BTC hedge fund.
On April 20, Saylor announced that over 13,000 institutions have direct 
exposure to Strategy, while an estimated 55 million beneficiaries have 
indirect financial exposure to the company.
Bitcoin recently surpassed Google in market capitalization, making Bitcoin one 
of the top five assets in the world, ranking above Amazon and Silver and 
showcasing the supply-capped digital asset&#8217;s meteoric growth since 2009.
_**Magazine:**__**Bitcoiner sex trap extortion? BTS firm &#8216;s blockchain 
disaster: Asia Express**_

Sovereign wealth funds piling into BTC as retail exits — Coinbase exec

On-chain data shows the Bitcoin price has reclaimed the cost basis of the 
short-term holders, a level that has historically been psychologically 
important. Bitcoin Is Now Back Above The Short-Term Holder Realized Price In a 
new post on X, the on-chain analytics firm Glassnode has discussed the 
Realized Price of the Bitcoin short-term holders. The &#8220;Realized Price&#8221; here 
refers to an indicator that keeps track of the cost basis or acquisition level 
of the average investor in the BTC sector. Related Reading: Bitcoin Spot 
Volume Nearly Triples As BTC Breaks $91,000 When the spot price of the 
cryptocurrency is trading above this metric, it means the holders as a whole 
are sitting on a net unrealized profit. On the other hand, it being under the 
indicator suggests the dominance of loss in the market. In the context of the 
current topic, the Realized Price of only a specific part of the sector is of 
interest: the short-term holders (STHs). The STHs are made up of the BTC 
investors who purchased their coins within the past 155 days. This cohort 
represents one of the two broad divisions of the userbase done on the basis of 
holding time, with the other group being known as the long-term holders 
(LTHs). Statistically, the longer an investor holds onto their coins, the less 
likely they are to sell them at any point. As such, the LTHs include the 
resolute hands, while the STHs include the weak ones. Now, here is a chart 
that shows how the Realized Price of the Bitcoin STHs has changed during the 
last few months: As displayed in the above graph, the Bitcoin spot price fell 
below the STH Realized Price earlier in the year, suggesting these investors 
dipped into a state of net loss. As mentioned earlier, the STHs include the 
fickle hands of the market. These investors often panic whenever retests 
related to their cost basis occur, so the cryptocurrency can feel some kind of 
reaction when it touches the STH Realized Price. When this retest occurs from 
below (that is, when the STHs were in the red prior to the retest), the cohort 
might react by selling, if the sentiment among them is bearish. This panic 
exiting at the break-even can provide resistance to the asset. From the chart, 
it&#8217;s visible that Bitcoin witnessed this effect back in early March. After 
staying under the line for a couple of months, though, it appears the asset 
has finally managed to break above the resistance with the latest price rally. 
If the asset now goes on to see a sustained move in this profit region, it 
could be a signal that confidence is back among the STHs. Related Reading: 
Solana Whale Takes Out $52.7 Million In SOL From Binance: Bullish Sign? 
Historically, these holders being bullish has meant that their cost basis has 
turned into a notable support level for the cryptocurrency. BTC Price 
Following a surge of almost 6% in the last 24 hours, Bitcoin has returned to 
the $93,600 mark. Featured image from Dall-E, Glassnode.com, chart from 
TradingView.com