Space and time introduces its foundation, which will focus on grants and ecosystem scaling.

Space and Time introduces foundation to drive ZK-proven data adoption

Technical analysis shows that Ethereum&#8217;s price action is currently completing 
a market structure that shows signs of revival. After weeks of struggling 
below key levels, Ethereum now appears to have completed a market structure 
break, with a technical analyst pointing to $1,500 as the zone where buyers 
have regained control, and a break above $4,000. Ethereum Structure Break And 
The $1,500 Turnaround Point Crypto analyst SwallowAcademy, in a recent 
technical breakdown of Ethereum&#8217;s weekly candlestick chart, noted that buyers 
have successfully initiated a clean market structure break just above the 
$1,500 zone. Earlier this month, Ethereum briefly dropped as low as $1,415, a 
level that initially appeared to signal further downside. However, what 
followed was a sharp reaction from bullish traders who aggressively 
accumulated during that dip, effectively neutralizing the intense selling 
pressure that had driven the price down. Related Reading: Ethereum Price Eyes 
$2,700 As Wyckoff Accumulation Nears Completion This influx of buyer interest 
not only prevented a deeper breakdown but also laid the groundwork for a 
notable structural shift in market behavior. Since then, Ethereum’s price has 
exhibited signs of strength, consistently finding support during minor 
retracements around the $1,500 region. This repeated defense of support led to 
the formation of a market structure break, which is a technical formation that 
often signals a transition from bearish to bullish price action. 
Interestingly, this structure break has seen the Ethereum price edge slowly 
upwards. This is a notable change, especially as the price is now climbing 
toward the $1,900 resistance region —a range that also aligns with the 50-week 
moving average and serves as a gateway to further upside. Breaking and closing 
above this level on the weekly timeframe could provide the necessary momentum 
for Ethereum to pursue higher targets, potentially signaling the beginning of 
a broader recovery trend. If bulls manage to secure an Ethereum break above 
$1,900, it could unlock a path to multiple upside levels outlined in 
SwallowAcademy’s analysis, with $2,800 and $4,400 as realistic medium-term 
targets. FVG Fill, EMA Retest, And Why $4,400 May Be In Play A closer look at 
the daily chart reveals a significant fair value gap (FVG) between $1,900 and 
$2,800, coinciding with a cluster of exponential moving averages that have yet 
to be retested. According to the analyst, filling this FVG is a “must-have” 
condition for a smoother and more sustainable rally, especially if Ethereum is 
to avoid the type of choppy behavior that plagued its price action in the 
first quarter of 2025. Related Reading: Ethereum Price Looks Set To Crash To 
$1,000-$1,500, But Can It Fill The CME Gaps Upwards To $3,933 Considering the 
current momentum, Ethereum can easily close above the resistance at $1,900 on 
the daily timeframe. If sustained, this momentum should be sufficient to close 
above $1,900 on the weekly timeframe, fill the FVG, and surpass $2,800, which 
would then confirm the run to $4,000 on the weekly timeframe. Other price 
targets highlighted are at $2,300, $4,000, and $4,900. At the time of writing, 
Ethereum is trading at $1,830. Featured image from Pixabay, chart from 
Tradingview.com

Ethereum Price Completes Structure Break As Buyers Take Control, Why A Surge Above $4,400 Is Possible

The Bank of Italy identified Bitcoin and other digital assets as emerging risk 
factors in a recent report, citing concerns for both investors and the 
financial system.
In its April 2025 Financial Stability Report, the Bank of Italy flags crypto 
volatility and rising integration with the broader economy, singling out 
stablecoins and non-financial firms&#8217; crypto exposure as key concerns.
&#8220;The strong growth of Bitcoin and of other crypto-assets with high price 
volatility means risks not only for investors but also potentially for 
financial stability, given the growing interconnections between the digital 
asset ecosystem, the traditional financial sector and the real economy,&#8221; the 
report notes.
_Excerpt from the Bank of Italy &#8216;s Financial Stability Report. Source: __Bank 
of Italy_
The Bank of Italy&#8217;s report also addressed the trend of non-financial 
corporations holding Bitcoin, stating that it exposes them to &#8220;marked price 
volatility&#8221; driven by &#8220;the belief that Bitcoin can support their share 
prices.&#8221;
Strategy (formerly MicroStrategy) helped popularize the corporate purchase of 
Bitcoin, beginning its acquisitions in August 2020. Since then, several 
companies have followed its lead, including Metaplanet, Semler Scientific, and 
GameStop.
The Bank of Italy also addressed stablecoins in its report, noting potential 
risks if dollar-pegged tokens were to become systemic. It suggested that 
increased reliance on US government bonds to back these assets could introduce 
broader financial vulnerabilities. According to the report, disruptions in 
either the stablecoins or the underlying bonds could have &#8220;repercussions for 
other parts of the global financial system.&#8221;
The report comes just a few days after Giancarlo Giorgetti, the country&#8217;s 
minister of economy and finance, warned that the appeal of US dollar 
stablecoins should not be underestimated. According to Giorgetti, US 
stablecoin policies are more dangerous than US President Donald Trump&#8217;s 
tariffs.
_**Related:**__**Italy scales back plans to hike crypto tax rate: Report**_
Giorgetti, in his speech, highlighted the need to enhance the euro&#8217;s position 
on the global stage, noting that the development of the Digital Euro will play 
a crucial role in reducing reliance on foreign digital solutions.
_**Related:**__**Italy &#8216;s largest bank enters crypto market with $1M Bitcoin 
investment**_

Growth of crypto poses risks to investors, financial stability — Bank of Italy

On Tuesday, the crypto economy edged 0.51% higher over the past 24 hours, 
cruising at a valuation of $2.98 trillion, with bitcoin ticking up 0.5% and 
ethereum climbing 1.5% in the same window. Meanwhile, SAFE token vaulted more 
than 23% today, while AI16Z appreciated by 9.29% against the U.S. dollar. Wall 
Street Ends Up, Crypto […]

Crypto Markets Echo Wall Street’s Modest Gains Amid Trade Policy Fog

The government of the UAE has launched what it calls the first AI-based 
legislative system, allowing synthetic agents to develop laws and monitor 
their effects through big data analysis. UAE Enables AI Interaction in 
Lawmaking With New Smart Legislative System Artificial Intelligence (AI) has 
begun to penetrate all aspects of human life, and governance is […]

Historic: AI Will Begin Developing Laws in the UAE

A court in India has ordered the encrypted email service Proton Mail blocked 
in the country for refusing to share information with authorities.
In an April 29 hearing of the High Court of Karnataka, Justice M Nagaprasanna 
ordered the government to &#8220;block forthwith&#8221; domain names associated with 
Proton Mail, citing authority under the country&#8217;s Information Technology Act 
of 2008. The order stemmed from a complaint filed in January by a New Delhi- 
based design firm, alleging that some of its employees received offensive 
emails through the service. 
It&#8217;s unclear whether the ban will take effect or face other possible 
challenges in court. The Proton team reported in March 2024 that Indian 
authorities had similarly proposed ordering the service blocked in response to 
alleged &#8220;hoax bomb threats,&#8221; but it continued to operate in the country.
The crackdown on Proton Mail appeared to be part of a larger global trend to 
pursue action against platforms based on users&#8217; activities, such as the arrest 
of Telegram founder Pavel Durov in France in part for allegedly failing to 
moderate illicit content. Cointelegraph reached out to Proton for comment but 
did not receive any response at the time of publication.
_**Related:**__**Crypto projects prepare to battle for privacy in 
Switzerland**_
In Spain, Proton AG &#8212; the Swiss company behind the platform &#8212; provided 
information to the authorities about one of its users in 2024. The move had 
many privacy advocates questioning the security of their data with the 
centralized service.
## Vying for market share in the world&#8217;s most populous country
Cryptocurrency exchanges are no stranger to legally sanctioned crackdowns 
attempting to curtail their activities in a country, or in some cases, face 
blocks or bans. US authorities imposed sanctions on crypto mixing services 
like Tornado Cash in 2022, facing swift backlash from the industry and legal 
challenges, while South Korea reportedly blocked 14 exchanges on the Apple 
store for allegedly operating without the proper registration.
In India, users face a 30% tax on profits from crypto trading, which has been 
in effect since April 2022. Though crypto firms operating in the country 
endure increasing regulatory oversight, India is estimated to have more than 
100 million digital asset holders out of its roughly 1.4 billion people.
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Asia Express**_