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Cardano’s Hoskinson Salutes Bitcoin’s Legacy and Resilience as ADA Awaits Its Next Big Move ⋆ ZyCrypto

The post Cardano’s Hoskinson Salutes Bitcoin’s Legacy and Resilience as ADA Awaits Its Next Big Move ⋆ ZyCrypto appeared com. Cardano founder Charles Hoskinson reacted to a striking moment where the U. S. Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper, praising the network’s resilience. Bessent highlighted Bitcoin’s nearly two decades of uninterrupted operation, underscoring its enduring reliability. Hoskinson called the moment “profoundly magical,” signaling the rare sight of a sitting U. S. Treasury secretary praising Bitcoin’s resilience. For 17 years, Bitcoin has operated without interruption, weathering market swings, technological hurdles, and regulatory scrutiny. Its resilience illustrates blockchain’s core promise of presenting a secure, censorship-resistant, peer-to-peer financial system independent of any central authority. Why is this development a welcome call? Well, Bessent’s tweet reflects a subtle shift in institutional perception. While regulators have traditionally been cautious, acknowledging Bitcoin’s resilience could foster more constructive discussions on adoption and regulation. Advertisement Meanwhile, Hoskinson recently called Cardano a ‘spiritual successor to Bitcoin,’ highlighting the deep architectural parallels that link the two networks. Cardano Struggles to Gain Momentum Amid Low Market Activity Market analyst Amina Chattha notes that Cardano (ADA) is in a slow downtrend, trading at $0. 5414 with weak momentum. Buyer interest remains muted, leaving the market in a holding pattern as traders await clearer signals before making moves. Volume remains key to ADA’s short-term direction. Until trading activity increases, ADA is likely to remain stable, exhibiting limited price movement. This consolidation reflects cautious investor sentiment, common in crypto markets, as traders await a catalyst for the next decisive move. Therefore, Cardano’s short-term trajectory depends on market activity since a spike in volume and buying interest could end the current stagnation, while persistently low engagement may prolong sideways trading. Source:.

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Billionaire Alex Soros Hails Socialist Zohran Mamdani’s Victory: ‘The American Dream Continues’

Alex Soros, the son of leftist billionaire megadonor George Soros, on Tuesday hailed socialist Zohran Mamdani’s election to become the next mayor of New York City. “So proud to be a New Yorker! The American dream continues! Congrats, Mayor Zohran Mamdani,” Soros wrote, sharing a picture of him and Mamdani. George Soros in 2023 handed control over the family’s $25 billion-plus philanthropic enterprise that bankrolls leftist causes, otherwise known as the Open Society Foundations.

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Mamdani’s victory is a rebuke to the failed strategies of the Democratic party

Reports of the death of the Democratic party seem to have been greatly exaggerated. On Tuesday night, Zohran Mamdani, the 34-year-old political novice who won New Yorkers over with an affable demeanor that seemed to take infectious joy in the people of the city and a relentlessly focused message of affordability, swept to the mayoralty of the US’s largest city with a commanding lead. In so doing, Mamdani defeated what has been, since 2010’s Citizen’s United decision unleashing unlimited money into American political campaigns, one of the most indefatigable forces in electoral politics: the preferences of billionaires. And it wasn’t close – Mamdani trounced his billionaire-backed opponent by nearly nine points.

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Bulls guard 200.00 base while momentum stalls below 203.00

The post Bulls guard 200.00 base while momentum stalls below 203.00 appeared on BitcoinEthereumNews.com. The British Pound (GBP) holds firm against the Japanese Yen (JPY) on Monday amid holiday-thinned trading in Japan, with investors likely to refrain from large directional bets ahead of the Bank of England (BoE) interest rate decision due on Thursday. At the time of writing, GBP/JPY trades around 202.41, easing slightly from the intraday high of 202.79. From a technical perspective, the pair bounced last week after testing a critical confluence zone near the 200.00 psychological handle, which aligns with the 50-day Simple Moving Average (SMA) and a horizontal support that previously acted as resistance. This area continues to act as a key floor for the cross, keeping the broader uptrend intact. However, the 21-day SMA at 202.81 is capping immediate upside attempts, acting as a near-term barrier for bulls. A decisive break above this dynamic resistance could open the door toward 204.00, followed by the 205.00 area, which marks both the year-to-date high and the highest level since July 2024. On the downside, a sustained move below the 200.00 confluence support would expose the pair to renewed bearish pressure, with the next target seen at the October 3 high near 198.87, also coinciding with an unfilled bullish gap from October 6. A daily close below that region could reinforce downside momentum, exposing the next support around 197.50. The Relative Strength Index (RSI) hovers around 53, reflecting a neutral bias as the pair consolidates within its broader bullish structure. Source: https://www.fxstreet.com/news/gbp-jpy-price-forecast-bulls-guard-20000-base-while-momentum-stalls-below-20300-202511031417