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ADA price pumps 30% amid rumors of Cardano founder-Trump collaboration

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The price of Cardano’s native token, ADA, has seen a dramatic 30% surge, sparking widespread speculation in the crypto community. The spike in price came following rumors that Charles Hoskinson, the founder of Cardano, may be linked to former U.S. President Donald Trump’s political or business endeavors. While these rumors remain unsubstantiated, the speculation appears to have generated significant market interest, driving ADA’s price to new highs. Traders and investors have been closely monitoring the situation, with many attributing the price jump to heightened attention around Hoskinson and his potential influence in both crypto and political circles.

Despite the sudden price increase, there is no official confirmation or credible evidence linking Hoskinson to Trump or any associated political movements. Industry observers have cautioned against drawing conclusions based on speculative rumors, noting that such price fluctuations in the crypto market can be driven by a range of factors, including market sentiment, investor speculation, and external news events. Some experts have pointed out that the ADA price rally could also be the result of broader bullish trends in the cryptocurrency market, rather than any direct connection to political figures.

Hoskinson, known for his outspoken views on cryptocurrency regulation and blockchain technology, has remained a controversial figure within the crypto space. While he has not addressed the Trump rumors directly, he has been vocal about his desire to foster innovation and development within the crypto ecosystem. As Cardano continues to push forward with its decentralized finance (DeFi) and smart contract capabilities, Hoskinson’s leadership and vision remain central to the project’s growth, though the connection to Trump, if any, remains unclear.

The ADA price rally highlights the volatility and unpredictability of the cryptocurrency market, where sudden shifts in sentiment can lead to significant price swings. Investors are advised to approach such speculative movements with caution, as they often do not reflect underlying fundamentals. As Cardano continues to develop its blockchain and expand its ecosystem, the project’s long-term success will likely depend on the adoption of its technology rather than fleeting rumors.

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US lawmakers advance anti-CBDC bill

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U.S. lawmakers have voted to advance a bill aimed at blocking the Federal Reserve from issuing a central bank digital currency (CBDC), marking a major step in the political pushback against the development of a digital dollar.

The bill, which passed through the House Financial Services Committee, would prohibit the Fed from directly offering accounts or issuing a CBDC to individuals, citing concerns over surveillance, privacy, and government overreach.

Supporters of the legislation argue that a digital dollar could pose significant risks to civil liberties, enabling real-time tracking of consumer transactions and expanding federal control over personal finances. They view the bill as a safeguard against what they describe as a “surveillance-style” monetary system.

Opponents of the bill, however, argue that restricting CBDC development could hinder U.S. innovation and global competitiveness in the evolving digital financial landscape.

The legislation now moves closer to a potential floor vote in Congress. Its progress underscores growing ideological divisions over the future of money in the United States, with CBDCs emerging as a new front in the broader debate over digital governance, financial freedom, and the role of government in the digital age.

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Gemini to open Miami office after judge stays SEC case

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Crypto exchange Gemini has opened a new office in Miami, reinforcing its commitment to expanding operations despite pausing its plans for an initial public offering (IPO) amid a continuing legal battle with the U.S. Securities and Exchange Commission (SEC).

The Miami office signals the company’s long-term vision for growth in key U.S. markets, even as regulatory uncertainty clouds the broader crypto landscape. The expansion comes at a time when Gemini is facing heightened scrutiny from the SEC over its Earn program, which the regulator alleges involved unregistered securities.

While the IPO remains on hold, Gemini continues to strengthen its infrastructure and team, focusing on user growth, compliance, and regional outreach. The Miami hub is expected to play a strategic role in those efforts, leveraging the city’s growing status as a U.S. crypto hotspot.

Co-founders Cameron and Tyler Winklevoss remain vocal about the need for clear regulatory frameworks and have emphasized that Gemini will continue to fight for fair treatment while building responsibly in the U.S. and abroad.

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Coinbase Institutional files for XRP futures trading with CFTC

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Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to offer XRP futures trading, marking a significant move toward expanding institutional access to Ripple’s native token.

The filing, submitted through Coinbase Derivatives, signals the exchange’s intent to list XRP futures contracts in a regulated environment. If approved, it would allow institutional investors to gain exposure to XRP through derivative products, a key step in broadening the token’s presence in traditional financial markets.

This development comes amid a gradually improving regulatory climate for XRP, following a partial legal victory for Ripple in its ongoing case with the U.S. Securities and Exchange Commission (SEC). The outcome gave XRP a degree of legal clarity, opening the door for exchanges and financial institutions to re-engage with the asset.

Coinbase’s push to expand its derivatives offerings also aligns with its strategy to build a more robust institutional platform. Approval from the CFTC would position the exchange to capitalize on growing demand for regulated crypto investment vehicles.

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