Cardano is gradually approaching a major support zone near $0.62, with several technical indicators aligning for a potential bounce. However, a lack of trading volume leaves bulls awaiting stronger confirmation. Cardano’s (ADA) has been in a slow decline over the…

Cardano nears $0.62 support: will oversold RSI spark a reversal?

Antalpha Platform Holding has launched the roadshow for its upcoming initial 
public offering, planning to offer 3,850,000 ordinary shares at an expected 
price range of $11.00 to $13.00 per share. IPO Filed With SEC Antalpha 
Platform Holding has announced the commencement of the roadshow for its 
proposed initial public offering (IPO). The company, which is […]

Bitmain Lending Partner Antalpha Launches Nasdaq IPO Roadshow

Tether, the issuer of the world&#8217;s largest stablecoin by market cap USDt 
(USDT), has announced a partnership with Chainalysis that will integrate the 
company&#8217;s compliance and monitoring tools onto Tether&#8217;s tokenization platform. 
The move comes amid expanding oversight across the crypto industry.
Launched in November 2024, the Hadron by Tether platform is designed for 
institutions, corporations and governments, entities that may be interested in 
tokenizing real-world assets ranging from financial instruments and real 
estate to debt and commodities.
The months following the launch have seen increased adoption of real-world 
asset (RWA) tokenization. According to RWA.xyz, the total RWA market amounts 
to $22.1 billion, up 10.5% in the past 30 days. There are a total of 100,115 
holders of RWA tokens, up 5.6% in the same time frame.
&#8220;By integrating Chainalysis directly into the platform, we&#8217;re offering 
institutional-grade transparency, compliance, and risk mitigation without 
compromising on decentralization or control,&#8221; Tether CEO Paolo Ardoino said in 
a statement.
According to the announcement, Hadron by Tether users will now have risk 
detection, real-time transaction monitoring, and Know-Your-Transaction (KYT) 
support. Terms of the deal were not disclosed. Tether raked in $13 billion in 
profits in 2024, and posted $1 billion in operating profit for Q1 2025.
_**Related:**__**What is Hadron? Exploring Tether &#8216;s asset tokenization 
platform**_
## Chainalysis acquisitions and predictions
Chainalysis, a blockchain data platform, is known for its security tools and 
real-time monitoring. Among its partners include exchanges Crypto.com and 
Bitfinex, payment processor MoonPay, and bank BBVA.
Chainalysis has recently beefed up its technology stack, acquiring Web3 
security firm Hexagate in December 2024 and Alterya, an AI fraud detection 
startup, in January this year. The company, founded in 2014, predicted that 
2025 would be the biggest year ever for crypto scams due to the rise of 
artificial intelligence.
_**Magazine: Lazarus Group &#8216;s favorite exploit revealed &#8212; Crypto hacks 
analysis**_

Tether adds Chainalysis tokenization platform for compliance, monitoring

Crypto analyst Tolimanu has used the Elliott Wave Theory to provide insights 
into where Bitcoin currently is in this market cycle. Based on his analysis, 
the bull run is not yet over, with the flagship crypto set to reach new highs. 
Elliot Wave Theory Shows Bitcoin’s Current Position In This Cycle In an X 
post, Tolimanu noted that in Elliot Wave Theory, a 5-wave move up typically 
marks a primary trend, and an ‘ABC’ correction is a natural retracement of 
that trend. Based on this, he stated that unless this Bitcoin correction 
breaks major long-term support levels, such a decline would typically set up 
the next higher-degree bullish phase. Related Reading: LMACD Indicator Reveals 
Where The Bitcoin Price Is After Rejection From $97,000 On the bearish side, 
his accompanying chart showed that Bitcoin could still correct to as low as 
$73,969 on wave C of the ABC correction. However, as the analyst suggested, a 
hold above this support level could send BTC to new highs. Technical expert 
Tony Severino also recently warned that the Bitcoin price is in a precarious 
position. Despite the recent surge, he suggested that BTC is still in a 
bearish position. The expert remarked that if the daily momentum crosses 
bearish, it could prevent the weekly bullish crossover and pull the weekly 
LMACD below zero. In another post, Severino noted that Bitcoin’s daily RSI 
failed to get above 70, which is a key trigger required for a bullish impulse. 
He remarked that failure at 70 the last time led to the most vicious leg down 
of the last bear market. He added that the entire bear market remained below 
70. The technical expert also noted that in 2023, the two local tops did make 
it above 70, but it wasn’t convincing enough, while in 2024, the entire 
corrective phase stayed below 70 on the RSI. Basically, Severino highlighted 
the importance of 70 on the RSI and how BTC is still in a bearish position. 
BTC Looking To Fill CME Gaps Below And Above Crypto analyst Titan of Crypto 
revealed that Bitcoin is looking to CME futures gaps below and above its 
current price. The upside gap is between $96,480 and $97,300, while the 
downside gap is between $91,990 and $93,400. In another post, the analyst 
suggested that BTC might fill the downside gap before moving to the upside 
targets. Related Reading: Bitcoin Price Confirmed Local Bottom As All 
Indicators Flash Bullish, Where’s Price Headed? This came as he noted that the 
next key support for Bitcoin is the daily Fair Value Gap, which is around 
$90,000. The analyst added that a bounce from that zone is likely. His 
accompanying chart showed that the target on this bounce is $102,096. At the 
time of writing, the Bitcoin price is trading at around $94,300, down in the 
last 24 hours, according to data from CoinMarketCap. Featured image from 
Unsplash, chart from Tradingview.com

Elliot Wave Theory Shows Where Bitcoin Is In This Cycle – Bull Rally Over?

A group of crypto traders reportedly purchased millions of dollars worth of 
Melania Trump&#8217;s memecoins minutes before she announced the launch on social 
media.
According to a May 6 Financial Times report, the crypto traders earned roughly 
$100 million from buying $2.6 million worth of MELANIA tokens before the 
public launch on Jan. 19. Shortly after Trump announced the memecoin launch on 
social media, the price surged from roughly $2.00 to $12.95 &#8212; a 550% 
increase. The traders reportedly sold their holdings within 12 hours.
&#8220;In total, the 24 accounts bought up 16.7mn of the 200mn total $MELANIA tokens 
scheduled for sale during the launch period,&#8221; the Financial Times reported. 
&#8220;[&#8230;] the run of sales that started pre-launch continued. About $900,000 
worth of tokens bought by an additional 22 accounts in the 42 seconds after 
the launch.&#8221;
_Price of MELANIA token from Jan. 19 to Jan. 28. Source:__CoinMarketCap_
The memecoin started trading roughly two days after then-president-elect 
Donald Trump announced the launch of his own TRUMP coin. Both tokens have come 
under scrutiny from lawmakers, alleging conflicts of interest and corruption 
due to the potential for bribery and foreign influence.
## Memecoin dinner prompts call for impeachment
Much of the scrutiny and criticism from US lawmakers over the memecoins seems 
to be directed at the president rather than the first lady. After Trump 
announced some of the top TRUMP tokenholders would be offeried the chance to 
get access to him at a private dinner and tour, one senator called for his 
impeachment.
_**Related:**__**Dem lawmakers object to hearing, citing &#8216;Trump&#8217;s crypto 
corruption**_ _**&#8217;**_
Both the prices of the MELANIA and TRUMP tokens have dropped significantly 
since shortly after their launch in January, with the First Lady&#8217;s memecoin 
falling to $0.31 at the time of publication. The TRUMP token price briefly 
surged after the memecoin dinner announcement in April, but had dropped to 
$10.90 as of May 6.
Two companies connected to the president control roughly 80% of the TRUMP 
supply, though many of the tokens were locked and will be released over the 
next three years. Critics have suggested that the project&#8217;s insiders could 
still rug-pull investors.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

FT report suggests advance knowledge of Melania Trump memecoin launch

The Kenyan High Court has ordered Sam Altman&#8217;s World to cease processing, 
collecting or dealing in biometric data without conducting a Data Protection 
Impact Assessment. The order also requires Worldcoin to permanently delete 
biometric data collected in Kenya without proper assessments within seven 
days. Worldcoin Activities in Contravention of Data Protection Laws The Kenyan 
High […]