Crypto Industry News & Market Trends

ETH Technical Analysis Apr 29

Ethereum　　ETH Technical Analysis Apr 29　　Ethereum price is experiencing critical consolidation at the 2.225$ level; staying close to the 2.255$ support zone while under downward pressure without testing the 2.291$ resistance. The sideways trend structure suggests we expect buyers to position for liquidity hunting.　　Current Price Position and Critical Levels　　Ethereum (ETH) is currently positioned in a horizontal trend at the 2.225.94$ level and traded in the 2.220.36$ – 2.346.95$ range with a 2.83% decline over the last 24 hours. The price is giving a short-term bearish signal as it remains below EMA20 (2.291.05$); RSI at 50.13 is neutral, while Supertrend is bearish and shows 2.579.76$ resistance. In the broader structure, 7 strong levels were identified on the 1D timeframe (4 supports, 3 resistances), but there is limited confluence on 3D and 1W. This indicates that the price is sticking to local order blocks and that major players are targeting liquidity zones. Volume is at a moderate 15.85 billion$; increasing volume on declines confirms seller dominance. The price is attempting to recover from the recent swing low at 2.220$, but theres a liquidity pool above at 2.291$.　　Support Levels: Buyer ZonesPrimary Support　　2.197.89$ (Score: 63/100) – This level stands out as the primary buyer zone

04-30Industry

Visa (V) expands stablecoin settlement network as volume hits $7 billion run rate

Visa (V) is expanding its stablecoin push by adding support for five more blockchains as it leans into a multichain approach to global payments.　　The payments giant said Wednesday its stablecoin settlement pilot now spans nine networks and has reached a $7 billion annualized run rate, up 50% from the prior quarter. The program lets issuers and acquirers settle transactions using stablecoins instead of traditional banking rails.　　The newly supported blockchains are Coinbase‘s Base, Polygon, Canton Network, Circle’s Arc and Stripe-backed Tempo, joining existing integrations with Ethereum, Solana, Avalanche and Stellar.　　Visas move comes as stablecoins — cryptocurrencies with prices tied to fiat money — are gaining ground as a way to move money across borders. Visa has been testing that model through pilots and regional rollouts, including USDC settlement tied to card programs in more than 50 countries.　　Instead of waiting days for funds to move through banking systems, partners can settle transactions using blockchain-based dollars that move in near real time. By supporting multiple networks, Visa is aiming to give partners access to different pools of liquidity without added complexity.　　“Our partners are building in a multi-chain world, and they expect their options to reflect that reality,” said Rubail Birwadker, Visas global head

04-30Industry

Bitcoin, Ethereum and XRP Prices Drop As Fed Holds Rates and Trump Rejects Iran Deal

The post Bitcoin, Ethereum and XRP Prices Drop As Fed Holds Rates and Trump Rejects Iran Deal appeared first on Coinpedia Fintech News　　Crypto markets turned lower today as two major macro developments hit simultaneously. The Federal Reserve held interest rates unchanged in what marks Jerome Powell‘s final policy decision as Fed Chair, while President Trump rejected Iran’s proposal to reopen the Strait of Hormuz and signalled a fresh wave of military strikes is being prepared.　　Bitcoin fell to $75,164, down 1.29% on the day and 4.83% over the past week. Ethereum dropped to $2,241, off 2.09% in 24 hours. XRP slipped to $1.35, down 2.03% on the day. The broader crypto market cap sits at $2.53 trillion with the Fear and Greed Index reading 39, in fear territory.　　The Feds Alarming Language Shift　　The interest rate decision itself was widely expected. What was not expected was a change in how the Fed described inflation. For months, policymakers had characterised inflation as “somewhat elevated” in official statements. Wednesdays decision removed that qualifier entirely.　　BREAKING: In the final policy decision with Jerome Powell as Fed Chair, the Fed has decided to leave interest rates unchanged.　　The Fed now says inflation “is elevated.” That single word change carries

04-30Ethereum

Iran threatens retaliation for Khameneis killing amid leadership instability

Tech　　Iran threatens retaliation for Khameneis killing amid leadership instability　　Iranian state TV has reiterated threats of retaliation for the killing of Supreme Leader Ayatollah Ali Khamenei. The odds for the Iranian regime falling by June 30 are at 8% YES.　　The retribution threat has traders watching for increased instability in Irans leadership. The Iran Leadership Change market is likely to react to continued tensions, with odds of a leadership change by December 31 facing upward pressure. The Iranian Regime Fall market sits at 8% YES for June 30, up from 7.5% a day ago.　　The term structure shows a sharp jump between April 30 and June 30, where odds climb from 0.1% to 8%. Traders are pricing in a potential catalyst over the coming months. The April 30 market, with only one day left to resolve, is effectively dead at 0.1% YES. June is where traders expect action, driven by the ongoing conflict and leadership instability.　　The face value across these markets is $4.3M, but actual USDC traded is $38,351. Order book depth implies it would take $23,933 to move the June odds by 5 percentage points, a relatively thick market. Any substantial shift would need significant trading activity or new developments.　　Iran‘s rhetoric points

04-30Industry

Visa Expands Stablecoin Network as Volume Hits $7B

Tech　　Visa Expands Stablecoin Network as Volume Hits $7BVisa expanded its stablecoin settlement pilot to five additional blockchain networks.The program now operates across nine networks and reports a $7 billion annualized run rate.Visa recorded a 50% increase in settlement volume compared to the previous quarter.The newly added networks include Base, Polygon, Canton Network, Circles Arc, and Tempo.Visa said the multichain approach allows partners to settle transactions in near real time using stablecoins.　　Visa expanded its stablecoin settlement pilot to five new blockchains as annualized volume reached $7 billion. The payments company reported a 50% increase from the previous quarter and confirmed broader multichain coverage. The program allows issuers and acquirers to settle transactions using stablecoins instead of traditional banking systems.　　Visa Adds Five Blockchains to Stablecoin Pilot　　Visa confirmed that its settlement pilot now operates across nine blockchain networks. The newly supported networks include Coinbase‘s Base, Polygon, Canton Network, Circle’s Arc, and Stripe-backed Tempo. These platforms join Ethereum, Solana, Avalanche, and Stellar, which Visa integrated earlier.　　The company said the pilot enables partners to complete settlements with stablecoins rather than bank transfers. As a result, participants can move funds using blockchain-based dollars in near real time. Visa stated that this structure reduces delays linked to

04-30Industry

RLUSD Settlement of $59M Cost Less Than a Cent

A $59 million RLUSD settlement was completed on the XRP Ledger on April 29 at a total transaction fee of $0.000188, cited by on-chain researcher Ripple Bull Winkle as live proof that Ripples payment network is already handling large-scale cross-border settlements in production.The $59 million transaction used Ripples RLUSD stablecoin on the XRP Ledger and settled for a fee of $0.000188, less than one cent, while SWIFT-based settlements of equivalent size typically take two to three business days and cost significantly more.The settlement was flagged by crypto researcher Ripple Bull Winkle on X and cited in Coinpedia as evidence that the XRP Ledgers settlement capabilities are functioning at institutional scale, not just in testing environments.RLUSD was launched in December 2024 and has since reached a market capitalization approaching $300 million, with adoption expanding across enterprise payment providers including BKK Forex and iSend.　　RLUSD settlement of $59 million was completed on the XRP Ledger on April 29, settling with a fee of just $0.000188, according to on-chain researcher Ripple Bull Winkle, whose findings were cited in a Coinpedia report alongside the same day‘s NYSE Arca filing naming XRP as an eligible commodity trust asset. The transaction is notable not because large XRP

04-30Industry

EUR/USD weakens below 1.1700 as Fed keeps rates unchanged

The EUR/USD pair loses ground to near 1.1680 during the early European session on Thursday. The US Dollar (USD) strengthens against the Euro (EUR) after the US Federal Reserve (Fed) left interest rates unchanged. The attention will shift to the European Central Bank (ECB) interest rate decision later on Thursday.　　Fed officials decided to hold the benchmark federal funds rate steady in a range of 3.5% to 3.75% at its April policy meeting. Four officials voted against the decision, including three who objected to language in their post-meeting statement that suggested the central bank would eventually resume cutting rates. The 8-4 vote marked the first time since October 1992 that four officials dissented against a committee decision.　　Jerome Powell said on Wednesday that he will continue to serve as a Fed governor for an indefinite period even after his chairmanship ends. Kevin Warsh, Trumps nominated successor, appears on track to take over for Powell at the central bank.　　The ECB is widely expected to keep its key interest rates unchanged at its upcoming policy meeting on Thursday due to high uncertainty. Nonetheless, rising inflation, driven by energy price volatility from the Iran war, has raised the expectation of a rate hike in June.　　Goldman

04-30Industry

Sui (SUI) Price Prediction: 89% Correction Completed—Could This Mark the Start of a New Bull Cycle?

Tech　　Sui (SUI) Price Prediction: 89% Correction Completed—Could This Mark the Start of a New Bull Cycle？　　The price of SUI is stabilizing near the $0.90–$0.93 range, drawing renewed attention from traders after an extended correction phase.　　Recent data shows modest intraday fluctuations, but the broader focus has shifted toward whether the sharp 89% drawdown from previous highs has fully reset the market. This evolving setup is now central to the latest Sui price prediction, as market participants weigh early signs of accumulation against lingering bearish pressure.　　SUI Price Analysis: Consolidation Signals a Potential Turning Point　　The latest SUI price analysis reflects a market transitioning from a prolonged downtrend into a consolidation phase. On the 4-hour chart, price action has tightened around the $0.92–$0.93 level, indicating reduced volatility and fading selling pressure.　　SUI has transitioned from a downtrend into a consolidation phase near $0.92–$0.93, indicating fading selling pressure and potential accumulation, with a breakout toward $0.96–$1.00 likely if support holds. Source: @bitgu_ru via X　　Crypto trader @bitgu_ru described the structure as a shift toward accumulation, highlighting what was referred to as a “bullish beauty” support near $0.9158. This level has held consistently, reinforcing the idea that buyers are gradually stepping back into the market.　　At the same time,

04-30Industry

Senator Tillis Backs CLARITY Act Markup After Stablecoin Talks

Tech　　Senator Tillis Backs CLARITY Act Markup After Stablecoin TalksEleanor Terrett reported that Senator Thom Tillis is ready to push the CLARITY Act forward to markup.Tillis said he generally supports Senator Cynthia Lummis approach to software developer concerns.Stablecoin yield text could be released four to five days before markup after stakeholders review it.　　Eleanor Terrett reported on X that Senator Thom Tillis is ready to push the CLARITY Act toward a markup after lawmakers return from recess. Tillis said he would ask the chair to schedule the committee step, adding that negotiators had made progress and that the bill should move before the committee.　　The update adds a fresh Senate signal for a crypto market structure bill that has faced months of delays. However, stablecoin yield language, ethics demands, and software developer protections remain central to the debate as the White House continues to press for passage.　　Tillis Signals Markup Push　　According to Terrett, Tillis made the remarks in a reporter gaggle on Capitol Hill after the Warsh vote. He said, “I‘m going to ask the chair to move forward with scheduling a markup when we get back… I think we’ve made a lot of progress… and its time to get it before the committee

04-30Industry

Arbitrum Price Prediction: Analyst Says the ARB Crypto Rally Is Just the Warm-Up

Crypto　　Arbitrum Price Prediction: Analyst Says the ARB Crypto Rally Is Just the Warm-UpThe ARB price is attempting a recovery after a long downtrend, with key technical levels now being defended.Momentum has improved after reclaiming the 21-day moving average, with pullbacks appearing more like retests than reversals.The structure remains fragile, with $0.098 acting as the key invalidation zone for the current recovery setup.　　The Arbitrum price has been recovering after a pretty rough stretch, and what‘s interesting is how even the small pullbacks haven’t really changed the overall direction.　　Analyst Michaël van de Poppe has been pretty clear that this kind of movement isn‘t unusual in an ongoing trend. In his view, dips of 10–20% don’t automatically mean weakness, they can just be part of how a trend breathes.　　What the ARB price has been doing on the chart　　If you look at the chart shared by Michaël, the ARB price had a tough run for months. It dropped heavily from around $0.44 all the way down to roughly $0.098. That kind of move usually shakes out a lot of traders and leaves the market feeling one-sided for a while.　　But near the bottom, something started to change. The ARB price made a new low, but

04-30Industry

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