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Hedera (HBAR) is up more than 5% in the last 24 hours, showing signs of short-term relief after a rough start to April. Despite the bounce, technical indicators still point to a weak overall trend, with bearish EMA alignment and a flat ADX reading. Momentum remains uncertain, but bulls have managed to defend key support levels so far. Hedera Shows Early Signs of Bullish Shift, But Trend Still Weak Hedera’s DMI indicator shows its ADX at 19.8—slightly up from 18.49 two days ago but down from a recent high of 21.94 earlier today. The ADX (Average Directional Index) measures the strength of a trend, regardless of its direction. Values below 20 typically indicate a weak or consolidating market, while readings above 25 suggest a strong trend is developing. HBAR’s current ADX near 20 suggests momentum is still relatively soft, with no clear directional strength in place. HBAR DMI. Source: TradingView. Looking at the directional indicators, the +DI (Directional Indicator) has risen from 13.42 to 14.2, showing a slig

Richard Kim, founder of Zero Edge, a defunct “crypto casino,” was arrested and subsequently released on bail in a federal securities fraud case. After an arrest on Tuesday, Kim posted a $250,000 bond using $100,000 in cash as collateral. Before Zero Edge, Kim had an esteemed career at major institutes like JP Morgan and Goldman Sachs. The Southern District of New York (SDNY) is hearing this case. How Richard Kim’s Crypto Casino Collapsed Before everything fell apart, Richard Kim was ostensibly a successful crypto entrepreneur. A former executive at Galaxy Digital, an attorney, and an elite trader, he left in March 2024 to found Zero Edge. This “crypto casino” would bring classical gambling onto the blockchain, according to a recent court document: “In particular, Kim represented to prospective investors that Zero Edge would ‘develop a number of onchain games,’ beginning with craps, and operate both a ‘free to play / social casino version of the game’ in which players could win virtual currency, as well as a r

Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee to see what experts have to say about Bitcoin’s (BTC) price outlook. Key investment strategies are driving the next directional bias for the pioneer crypto. Is a $90,000 Breakout Imminent for Bitcoin? Crypto markets continue to reel from Trump-infused volatility, which weighs heavily on investor sentiment. Traders and investors are bracing for macroeconomic headwinds that continue to temper modest gains. Among them is Trump’s tariff chaos, which provoked China’s retaliatory stance. Adding another layer of complexity to the US crypto news, Federal Reserve (Fed) chair Jerome Powell ruled out a near-term rate cut, citing economic uncertainty and risks from trade policy. Reports also indicate that China is liquidating seized cryptocurrencies through private firms to support local government finances amid economic struggles. The macro context also includes Jerome Powel

Egyptian businesswoman Hend El-Sherbini, one of the country’s wealthiest entrepreneurs, has experienced a significant financial setback as the value of her holdings in Integrated Diagnostics Holdings (IDH) has dropped by over $19 million in recent months. This is attributed to a sustained decline in the company’s share price on the London Stock Exchange following its…

Trevor Noah has become part of a growing wave of investors backing South African fintech companies, with his latest move into the payments sector through Stitch, a rapidly expanding provider that just raised $55 million in a Series B funding round. The funds will be used to enhance Stitch’s payment infrastructure, targeting enterprise merchants across…

South African billionaire Michiel le Roux has seen a major boost to his fortune, with the value of his stake in Capitec Bank climbing by nearly $300 million. The surge follows a strong rise in the share price of the retail banking giant on the Johannesburg Stock Exchange (JSE).

Despite Bitcoin’s [BTC] sharp swings near the $85,000 mark, data is showing strength rather than strain. Nearly 90% of BTC holders remained in profit, signaling one of the healthiest market structures in Bitcoin’s history.

Hyperliquid [HYPE] saw its Total Value Locked (TVL) shrink from $636 million in the first week of March to $230 million a month later, according to data from DefiLlama. One of the drivers of this exodus of capital was the way the Hyperliquid platform handled the JELLY saga.

After a week-long rally, which saw JasmyCoin [JASMY] jump 23.76%, the altcoin has turned bearish. In fact, it claimed the second spot among top market losers, sliding more than 7% in just one day. It remains unclear what influenced the price drop. Moreover, trading volume concurrently shrank by 26.93% to $60.97 million, clearly highlighting weaker…

Amid market uncertainty, Shiba Inu [SHIB] appears bearish and is poised to continue its downward momentum. This negative outlook is likely driven by bearish price action and weak interest from traders and investors.