Cardano Attracts New Users After Glacier Drop Airdrop: Charles Hoskinson

Ethereum price has reclaimed a major psychological milestone, surging above $4,000 for the first time in years and hitting an intraday high of $4,237. This marks Ethereum’s strongest performance since December 2021, signaling renewed bullish momentum across the cryptocurrency market. Multiple factors—from institutional inflows to technical breakouts—are fueling this rally, and traders are now watching closely for the next decisive move.

Institutional Demand and ETF Inflows Driving Momentum

One of the biggest catalysts behind Ethereum’s latest surge is the influx of institutional capital via Ethereum Exchange-Traded Funds (ETFs). Since July, ETFs have attracted roughly $1.99 billion in net inflows, with BlackRock’s ETHA ETF alone pulling $727 million in a single day. At the same time, ETH reserves on centralized exchanges have dropped to just 12.3 million—the lowest since 2018 — indicating reduced selling pressure and stronger long-term holding sentiment.

Corporate treasuries are also showing heightened interest, with small publicly traded companies now holding nearly 1 million ETH (worth around $3.5 billion), up from just 116,000 ETH at the end of 2024. Besides, a large short squeeze also contributed to the recent price acceleration, with over $183 million in short positions liquidated as ETH climbed toward $4,200. This forced many bearish traders to cover their positions, adding rapid buying pressure to an already bullish setup.

Technical Breakout Signals a Breakout Above $5000

World Liberty Financial, a cryptocurrency venture backed by the Trump family, is planning to create a publicly traded company valued at roughly $1.5 billion to hold its native WLFI tokens. The move aligns the firm with a growing trend of digital-asset treasury companies that hold cryptocurrencies on their balance sheets. 

Why World Liberty is Creating a Public Company?

Forming a Nasdaq-listed treasury company would help World Liberty Financial to position itself among a growing wave of digital-asset treasury firms. It will provide a regulated, US-based framework that supports WLFI tokens while also paving the way for wider institutional participation and potential capital inflow. 

According to a report on Bloomberg, organizers have already approached major players from the industry to create a structure. The discussion regarding the deal is still in its progressive stage, while the framework of the deal is developing. One of the major goals of this initiative is to increase WLFI token liquidity and market accessibility by backing the token with a publicly traded entity.

Increased Transparency in WLFI Token

By aligning the company with US regulatory standards, the deal seeks to build institutional credibility for investors who prefer transparent structures like public companies. As a public company, it would require more regulatory compliance, financial reporting obligations, and disclosure for the users to prevent risks. 

Like other public companies, enhanced regulatory oversight by the SEC and Nasdaq will be required if it aspires to be listed and traded publicly. 

Typically, for any public company, it requires increased scrutiny and governance regarding the corporation’s operations. It is also mandatory for the public companies to provide investors and the public with verifiable and timely information on token liquidity, ownership distribution, and any relevant risks.

However, in this deal, the details are yet to be released. 

Dispute Over World Liberty 

President Trump’s crypto businesses, including World Liberty, have faced criticism from Democratic lawmakers and crypto experts, raising concerns over causing a conflict of interest. 

In early 2025, Democratic Senator Elizabeth Warren and Democratic Representative Maxine Waters sent a letter to the U.S. Securities and Exchange Commission, saying, “The Trump family’s financial stake in World Liberty Financial represents an unprecedented conflict of interest with the potential to influence the Trump Administration’s oversight-or lack thereof-of the cryptocurrency industry.”

However, despite the harsh criticism from lawmakers and the crypto industry, Trump continued his ambition to expand his family’s crypto company. By July 2025, the Trump family had made around $500 million on World Liberty since the platform was launched. 

The long-running Ripple vs. SEC lawsuit has finally concluded, removing a significant overhang for XRP and reigniting investor interest. On August 8, 2025, the SEC officially ended the lawsuit, with Ripple agreeing to pay a $125 million penalty and abiding by an injunction that restricts unregistered institutional sales of XRP. This development marks a pivotal moment for XRP, offering much-needed regulatory clarity after years of uncertainty.

XRP Price Reaction and Technical Outlook

In the immediate aftermath of the announcement, the XRP price surged sharply, reflecting renewed optimism among traders and investors. This bullish momentum propelled XRP beyond key moving averages, signalling a potential trend reversal from the prolonged bearish pressure.

TL;DR

ADA Price Moves Higher After Technical Breakout

Cardano (ADA) has moved up in recent sessions, trading around $0.80 after gaining 8% over the last 24 hours and over 10% in the past week. The latest price action follows a breakout from a falling wedge pattern that’s been forming since late July.

$ADA (Cardano) looks to be set for another +52% increase from here back to the $1.20+ levels based on similar previous breakouts and results!

This could all be part of a much larger run to the $2.90s which is currently over +261% away… https://t.co/ygSODks9g3 pic.twitter.com/4zOXQPK3h7

— JAVONMARKS (@JavonTM1) August 8, 2025

Crypto analyst Javon Marks pointed to a repeating setup seen in past ADA cycles. Each time the same pattern appeared, the cryptocurrencyfollowedwith a strong upward move.

Based on those examples, Marks expects the price to climb back toward $1.20, a gain of over 50% from current levels. He also suggested the rally could extend further, with a long-term target of $2.90, which would represent a rise of more than 260%.Key Levels Hold as Buyers Step In

Analyst BitMonty also confirmed the breakout, saying ADA held its buy zone between $0.68 and $0.61. This range served as support and matched key retracement levels used by many traders. Once ADA found a base, buyers pushed the price higher and broke through wedge resistance.

With the breakout in place, BitMonty marked three near-term levels to watch: $0.99, $1.10, and $1.20. The chart shows ADA moving in that direction, and volume has stayed elevated as price pushes forward.Support and Resistance Areas in Focus

According to our weekendanalysis, ADA’s the current support levels are around $0.64 and $0.70. If price holds above those points, bulls may continue to push toward resistance at $0.90. These areas are being watched closely as traders gauge momentum.

Daily trading volume reached $1.71 billion, showing that interest has returned to ADA in the short term. The recent breakout remains valid while the price stays above previous resistance levels.Sentiment Split Between Crowd and Models

Market Prophit reported a split in sentiment. The crowd remains bullish on ADA, while the platform’s internal model has flipped bearish. This type of divergence is not uncommon after a breakout and can reflect early uncertainty in trend strength.

In a separate discussion, the SNEK meme coin community has continued its push for recognition. Contributor Rami said in a recent post that SNEK will continue to bring adoption to Cardano. The comment comes amid a broader debate involving Cardano founder Charles Hoskinson and members of the SNEK community.

Pi Network may have built one of the largest communities in crypto, with tens of millions of users worldwide, but its journey to mainstream recognition is far from smooth. Despite its massive following and growing brand value, Pi Coin has yet to secure a spot on major exchanges like Binance or Coinbase. 

Crypto analyst Mr Spock points to one major roadblock: the project is still far from being fully decentralized. 

Adding to the challenge, market sentiment around Pi has soured in recent months, with the coin stuck in a “bleeding phase” since mid-2025, weighed down by heavy selling pressure, shrinking trading volumes, and waning investor confidence.

Centralized Control Remains the Core Hurdle

While Pi markets itself as a community-driven project, major protocol decisions, from upgrades to developer rules, are still firmly in the hands of the Pi Core Team. This centralization contradicts the image of an open, decentralized ecosystem. Instead of guiding the project through its transitional phase, the Core Team often operates as if Pi has already achieved decentralization, leaving the community to fill in the gaps.

Still Stuck Between Testnet and Full Mainnet

Despite entering what’s called the “Open Network” phase, most blockchain activity is still running on Testnet, not Mainnet. Only a small fraction of Pi node operators are live on Mainnet, meaning decentralization exists more in theory than in practice. Key parts of the ecosystem, including referral rewards, validator payouts, and early participation bonuses, remain locked, visible in user accounts but unavailable for use. This delay risks weakening trust and developer interest.

Leadership, Not Distance, Is Needed Now

Mr Spock stresses that the Pi Core Team must accept its role as an active leader until the network reaches full decentralization. Bitcoin’s Satoshi Nakamoto could step away only after the network was self-sustaining, but Pi is not there yet. 

To move forward, the Core Team must boost transparency, release overdue rewards, provide consistent updates, and ensure the ecosystem is fully ready for decentralization.

On the Flip Side..

Not everyone agrees with Mr Spock’s call for more openness. Crypto commentator Engr. King argued that transparency is not always essential, pointing to Bitcoin’s early days when Satoshi stayed silent. In his view, investors should accept the 50-50 risks that come with early-stage crypto projects. 

But Mr Spock countered that the comparison is not correct. Bitcoin is fully decentralized, with miners receiving rewards instantly and without approval. Pi, on the other hand, keeps mined coins locked even after KYC, releasing them only when the Core Team decides, a clear sign of centralized control.

FAQs

Pi Coin remains unlisted on major exchanges due to its lack of full decentralization, with the Pi Core Team still controlling protocol upgrades and reward distributions.

No – Despite its “Open Network” phase, most activity runs on Testnet, node operators are limited, and the Pi Core Team retains control over locked rewards and key decisions.

Analysts urge the Core Team to boost transparency, unlock overdue rewards, and fully transition to Mainnet before claiming true decentralization.

This event will share updates about development, sBTC, and incentive ideas for Stacks and Stack. Townhalls can move prices if new plans or strong upgrades are shared. If they reveal progress on sBTC or more rewards for users, it could attract traders and investors. But if news is only routine or small changes, price movement could be very little. People who like Stacks will watch closely for any unexpected news, and price may move fast during or after the event, based on the updates given. See the full post from Stacks here.