The &#8216;Common Cents&#8217; Act, which has bipartisan support, seeks to end the production of the $0.01 coin, commonly known as the cent, as its production and distribution costs exceed its face value. Representatives Lisa McClain and Robert Garcia, along with Senators Cynthia Lummis and Kirsten Gillibrand, are behind this proposal. Common Cents Act Gets Introduced […]

US Congress Seeks to End the Penny by Introducing the Common Cents Act

According to Gowanus Monster in a recent post on X, Cardano (ADA) appears to 
be carving out an inverse Head and Shoulders (H&amp;S) bottom formation on the 
daily chart—an increasingly credible signal that could mark a major shift in 
its price trend. This bullish reversal structure, which features a lower low 
(head) flanked by two higher lows (shoulders), is typically seen near the end 
of a downtrend and often precedes a sustained upside move. If the price 
continues to respect the formation and approaches the neckline with increasing 
volume, it could set the stage for a breakout. Such a move would serve as a 
strong bullish confirmation and may kick off a meaningful upward trend. 
Neckline Break Confirmation: The Key To Validating The Bullish Reversal One of 
the most crucial elements underscored in the Gowanus Monster detailed analysis 
is the well-established downtrend that precedes the formation, an essential 
criterion for a valid bullish reversal. Related Reading: Cardano (ADA) Bulls 
Push for Breakout — Is a Sharp Rally Next? Adding further credibility to the 
setup, Gowanus Monster pointed out the notable symmetry of the pattern. The 
left and right shoulders are well balanced in height and duration, a classic 
trait of a bottom. This kind of proportionality enhances visual clarity and 
increases the likelihood that the pattern will resolve to the upside. 
Historical data shows that symmetrical structures often have higher breakout 
success rates, which strengthens confidence in this particular scenario for 
Cardano. He also emphasized the importance of the outer neckline, currently 
positioned near the $0.774 level. This key resistance zone is even more 
significant because it aligns with the 200-day moving average. The convergence 
of the neckline and the 200MA creates a technical inflection point that could 
determine the next phase of ADA’s price action. According to Gowanus Monster, 
a daily close above the neckline and the 200-day MA would confirm the inverse 
Head and Shoulders pattern and serve as a strong breakout signal from bearish 
to bullish. Until that confirmation occurs, traders are advised to stay alert 
and watch how ADA behaves around this pivotal level, as failure to break 
through could delay or invalidate the bullish scenario. Inverse Head And 
Shoulders Price Target For Cardano Conclusively, Gowanus stated that once this 
breakout is confirmed, it could result in a potential upside target near the 
$0.98 mark. This level isn’t arbitrary; it reflects the approximate height of 
the pattern added to the breakout point, offering a realistic price objective 
based on historical chart behavior. Related Reading: Cardano Price Could Be 
Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe 
Reaching $0.98 would mark a significant recovery from Cardano&#8217;s recent lows 
and attract renewed investor interest. Such a move may re-establish bullish 
sentiment in the Cardano dynamics, particularly if it coincides with rising 
volume and improving market conditions. Featured image from Adobe Stock, chart 
from Tradingview.com

Cardano (ADA) Much-Awaited Reversal To Begin With A Breakout From This Key Chart Pattern

XRP is showing strong signs of a bullish trend shift after breaking previous 
structure and forming a bullish EMA crossover. The token now eyes a move 
towards the $2.50 resistance. Ripple&#8217;s (XRP) price action has recently flipped 
to a bullish…

XRP flashes bullish signals as EMA’a cross: are bulls in control?

Ethereum&#8217;s relative dominance among layer-1 (L1) blockchain networks has 
declined, resulting in an &#8220;open race&#8221; to become the leading Web3 platform, 
according to Alex Svanevik, CEO of data service Nansen.
&#8220;If you&#8217;d asked me 3-4 years ago whether Ethereum would dominate crypto, I&#8217;d 
have said yes,&#8221; Svanevik said during a panel discussion at the LONGITUDE by 
Cointelegraph event. &#8220;But now, it&#8217;s clear that&#8217;s not what&#8217;s happening.&#8221;
Ethereum is still the most popular L1 network. According to data from 
DefiLlama, its roughly $52 billion in total value locked (TVL) represents 51% 
of cryptocurrency residing on blockchain networks.
However, Ethereum&#8217;s dominance has diminished sharply since 2021, when the L1 
controlled as much as 96% of aggregate TVL, the data shows.
_Panelists at the LONGITUDE by Cointelegraph event in Dubai. Source: 
Cointelegraph_
&#8220;It&#8217;s an open race between multiple L1s for becoming the go-to platform for 
trading and broader blockchain use,&#8221; Svanevik said.
&#8220;We&#8217;re seeing smaller chains grow extremely fast, and a group of five or six 
chains emerging as leaders. It&#8217;s an exciting time,&#8221; he said.
Cointelegraph&#8217;s LONGITUDE is an event series that brings together leaders and 
innovators from the blockchain and Web3 space for exclusive discussions.
_TVL distribution among blockchain networks. Source:__DeFiLlama_
## Rise of Solana
Solana (SOL), an alternative layer-1 known for faster transactions and lower 
fees than Ethereum, is in pole position to become Web3&#8217;s next leading chain, 
according to the Nansen CEO. 
&#8220;Solana has overtaken Ethereum on most onchain metrics &#8212; active addresses, 
transaction volume, even gas fees,&#8221; Svanevik said. &#8220;Ethereum still leads in 
TVL, and stablecoin issuance is still strong, but Solana&#8217;s growth is 
undeniable.&#8221;
Meanwhile, dozens of smaller L1s are also vying for market share &#8212; and not 
all of them are gaining sustainable traction, Vardan Khachatryan, chief legal 
officer of trading platform Fastex, told Cointelegraph during the panel.
&#8220;Unfortunately, what we see in reality is that chains become popular when they 
are the hype of that particular bull run, new coins, airdrops, etc., rather 
than sustained adoption,&#8221; Khachatryan said.
_**Magazine: **__**ZK-proofs are bringing smart contracts to Bitcoin &#8212; 
BitcoinOS and Starknet**_

Ethereum’s era of crypto dominance is over — LONGITUDE panel

Merchants in Cannes, France, the site of the international Cannes Film 
Festival, are set to begin accepting crypto payments by summer this year in an 
effort to attract clientele with high disposable income by modernizing the 
city&#8217;s commercial payment ecosystem.
According to Artem Shaginyan, founder and head of strategy of Web3 payment 
company Lunu Pay, the Cannes municipal government is aiming for a 90% adoption 
rate among local merchants. The executive also told Cointelegraph:
&gt; &#8220;This is a big signal. When a city like Cannes, known globally for culture 
&gt; and commerce, starts integrating crypto at scale, it shows that Web3 
&gt; payments aren&#8217;t just a niche thing anymore. It&#8217;s about proving that crypto 
&gt; can work in everyday settings, not just online or in theory.&#8221;
In February, Cannes Mayor David Lisnard announced a crypto payment integration 
training session for business owners and professionals to promote the 
widespread acceptance of crypto payments in the city.
_The Rue d &#8216;Antibes, Canne&#8217;s shopping and commercial district. Source: __City 
of Cannes_
Canne&#8217;s shift toward embracing cryptocurrencies reflects the broader trend of 
crypto adoption by city, state, and federal governments as these institutions 
seek to remain competitive on the global stage.
_**Related:**__**Panama&#8217;s capital to accept crypto for taxes, municipal 
fees**_
## Ahead of the curve? Other jurisdictions modernize with crypto
In December 2023, the Swiss city of Lugano started accepting Bitcoin (BTC) and 
stablecoin payments for taxes and municipal fees as part of the city&#8217;s broader 
initiative to become a global crypto hub.
Governor Jared Polis of the US state of Colorado directed the state&#8217;s 
Department of Revenue to begin accepting crypto tax payments in September 
2022.
The Canadian city of Vancouver passed a motion in December 2024 to make the 
jurisdiction a &#8220;Bitcoin-friendly city&#8221; by exploring integrating BTC into the 
city&#8217;s financial system and potentially adopting a Bitcoin treasury strategy.
More recently, in April 2025, the capital city of Panama announced that taxes 
and municipal fees could now be paid in crypto, including Bitcoin, Ether 
(ETH), Circle&#8217;s US-dollar stablecoin (USDC), and Tether&#8217;s USDt (USDT) token.
Panama City mayor Mayer Mizrachi suggested the move would modernize the city 
and bring increased investment as well as global recognition.
_**Magazine:**__**Crypto City Guide to Seattle: Site of CZ &#8216;s downfall and pot 
crypto vendors**_

Most shops in Cannes to accept crypto by summer this year — Web3 exec

Sen. Cynthia Lummis (R-WY) declared this week she is “particularly pleased” 
with President Donald Trump’s endorsement of her proposed strategic bitcoin 
reserve, a plan she claims will tackle the national debt and solidify U.S. 
dominance in financial innovation. ‘America Must Lead’ on Bitcoin, Says Lummis 
After Trump Backs Reserve Plan The Boosting Innovation, Technology, and […]