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The financial world is in panic mode. Triggered by sweeping U.S. tariffs and retaliatory measures from global trade partners, stock markets have entered meltdown territory. Over $4 trillion in market capitalization was wiped out in just two days. The Dow Jones fell 2,200 points, the Nasdaq dropped 1,300, and global equities are flashing red across the board. Yet amid this financial chaos, one digital asset is breaking away from the herd — XRP . While the broader crypto market saw a mild dip of 1% in the last 24 hours, XRP is up by more than 4% , trading at $2.13. In a time when investors are fleeing risk, XRP’s upward movement is sending a strong signal of confidence. This rally stands in sharp contrast to the downfall of crypto-related stocks like Coinbase, RIOT Platforms, and Marathon Digital, which have all posted double-digit losses this month. XRP’s rise points to strong investor conviction and possibly a shift in sentiment towards digital assets that have real utility and long-term backing. --> Wanna trade XRP? Now is the perfect time, especially that the market is consolidating before a volatile period. Click here to open an account with Bitget using our link and benefit from 100% transaction fee rebates in BGB on your first transaction <-- XRP’s stability can be traced to a few key factors: If XRP holds above the current support and bullish momentum continues , the next logical target lies between $2.25 and $2.30. This range marks a key resistance zone where sellers could reappear — but if broken, XRP could quickly accelerate higher. That said, investors should watch closely for volume confirmation and overall market sentiment. While XRP is holding up well now, sustained pressure from traditional markets could still affect crypto assets indirectly. The financial world is in panic mode. Triggered by sweeping U.S. tariffs and retaliatory measures from global trade partners, stock markets have entered meltdown territory. Over $4 trillion in market capitalization was wiped out in just two days. The Dow Jones fell 2,200 points, the Nasdaq dropped 1,300, and global equities are flashing red across the board. Yet amid this financial chaos, one digital asset is breaking away from the herd — XRP . While the broader crypto market saw a mild dip of 1% in the last 24 hours, XRP is up by more than 4% , trading at $2.13. In a time when investors are fleeing risk, XRP’s upward movement is sending a strong signal of confidence. This rally stands in sharp contrast to the downfall of crypto-related stocks like Coinbase, RIOT Platforms, and Marathon Digital, which have all posted double-digit losses this month. XRP’s rise points to strong investor conviction and possibly a shift in sentiment towards digital assets that have real utility and long-term backing. --> Wanna trade XRP? Now is the perfect time, especially that the market is consolidating before a volatile period. Click here to open an account with Bitget using our link and benefit from 100% transaction fee rebates in BGB on your first transaction <-- XRP’s stability can be traced to a few key factors: If XRP holds above the current support and bullish momentum continues , the next logical target lies between $2.25 and $2.30. This range marks a key resistance zone where sellers could reappear — but if broken, XRP could quickly accelerate higher. That said, investors should watch closely for volume confirmation and overall market sentiment. While XRP is holding up well now, sustained pressure from traditional markets could still affect crypto assets indirectly.

In the past 30 days, the global cryptocurrency market saw its valuation slip from $2.96 trillion to $2.69 trillion, marking a 9.12% decline. While this downturn rattled some investors, the damage was relatively mild compared to the bloodbath in the U.S. stock market, especially among companies tied to the crypto industry. The root of the current financial storm lies in political aggression. Former President Donald Trump is making headlines again by imposing new tariffs on a wide range of international trade partners. This aggressive move has triggered a global economic backlash, shaking investor confidence and sending markets into a tailspin. --> Wanna trade cryptos? Now is the perfect time, especially that the market is consolidating before a volatile period. Click here to open an account with Bitget using our link and benefit from 100% transaction fee rebates in BGB on your first transaction <-- Although the crypto market wasn’t spared, it has so far shown resilience compared to traditional equities. But the same cannot be said for U.S. crypto stocks, which took major hits. Not all crypto-related investments weathered the storm well. Several U.S.-listed crypto stocks have taken a significant hit, some losing over a quarter of their value in just one month. Coinbase , the largest cryptocurrency exchange in the U.S., is often seen as a bellwether for the crypto industry. But over the past month, its stock has dropped from the highs to currently trade at $160.55, representing a 25% decline. The company has been impacted by shrinking trading volumes, broader market fear, and tighter regulatory scrutiny, all amplified by the overall stock market selloff. RIOT Platforms is one of the Bitcoin mining companies in North America. With falling Bitcoin prices and increased energy costs, RIOT was already under pressure. The added burden of a collapsing stock market pushed its share price down to $7.14, reflecting a 17.55% loss over the past 30 days. Another major Bitcoin miner, Marathon Digital Holdings ( MARA ), has seen its stock tumble to $11.30, marking a 20.81% decline in just one month. As Bitcoin mining gets more competitive and the market faces macroeconomic stress, MARA is feeling the heat. In the past 30 days, the global cryptocurrency market saw its valuation slip from $2.96 trillion to $2.69 trillion, marking a 9.12% decline. While this downturn rattled some investors, the damage was relatively mild compared to the bloodbath in the U.S. stock market, especially among companies tied to the crypto industry. The root of the current financial storm lies in political aggression. Former President Donald Trump is making headlines again by imposing new tariffs on a wide range of international trade partners. This aggressive move has triggered a global economic backlash, shaking investor confidence and sending markets into a tailspin. --> Wanna trade cryptos? Now is the perfect time, especially that the market is consolidating before a volatile period. Click here to open an account with Bitget using our link and benefit from 100% transaction fee rebates in BGB on your first transaction <-- Although the crypto market wasn’t spared, it has so far shown resilience compared to traditional equities. But the same cannot be said for U.S. crypto stocks, which took major hits. Not all crypto-related investments weathered the storm well. Several U.S.-listed crypto stocks have taken a significant hit, some losing over a quarter of their value in just one month. Coinbase , the largest cryptocurrency exchange in the U.S., is often seen as a bellwether for the crypto industry. But over the past month, its stock has dropped from the highs to currently trade at $160.55, representing a 25% decline. The company has been impacted by shrinking trading volumes, broader market fear, and tighter regulatory scrutiny, all amplified by the overall stock market selloff. RIOT Platforms is one of the Bitcoin mining companies in North America. With falling Bitcoin prices and increased energy costs, RIOT was already under pressure. The added burden of a collapsing stock market pushed its share price down to $7.14, reflecting a 17.55% loss over the past 30 days. Another major Bitcoin miner, Marathon Digital Holdings ( MARA ), has seen its stock tumble to $11.30, marking a 20.81% decline in just one month. As Bitcoin mining gets more competitive and the market faces macroeconomic stress, MARA is feeling the heat.

Ripple has launched a pilot project that will see its stablecoin, Ripple USD, used for drought relief in Kenya. The announcement comes just days after Ripple integrated the Ripple USD ( RLUSD ) stablecoin in its payments solution. Ripple is partnering with Mercy Corps Ventures and DIVA Donate, a platform that leverages decentralized finance technology to facilitate donations to pastoralists affected by drought in Kenya, for the initiative. The partners will leverage blockchain technology to bring financial aid via RLUSD to the targeted communities,Team Ripple noted. As outlined in a blog post, the pilot is part of Ripple’s broader efforts to expand its impact in cross-border payments, an effort expected to accelerate with the rollout of RLUSD. As with other blockchain-based projects, the use of stablecoins is aimed at improving transparency, settlement speed, and access for the unbanked. According to Ripple, the pilot program will demonstrate how blockchain and stablecoins can improve the delivery of aid and insurance. The trial will use RLUSD on the Ethereum ( ETH ) network. The RLUSD pool for the program will be open to public contributions, with anyone able to donate by connecting a wallet. Smart contracts will hold the funds in escrow, and automatically send RLUSD to those impacted by drought. However, this will only go into action once satellite tracking detects drought triggers- with the pilot targeting automated payouts should the system detect drought conditions by May 31, 2025. If the system determines that pastoralists are likely to face a shortage of vegetation for their livestock, each participant will receive $75 (around 9,600 Kenyan shillings) in RLUSD. Organizers say this amount is sufficient to purchase food and water for one animal for six months. Roughly 533 pastoralists in Kenya’s Laikipia County are expected to benefit from the aid. Ripple plans to publish the results of the pilot later this summer. Fund contributors will also have the option to withdraw their RLUSD or allocate it to future campaigns.

The Cardano Foundation has unveiled a new open-source digital identity system, Veridian. It is intended to provide individuals with more control over their personal and organizational information. The rollout of the decentralized system comes amid growing cybersecurity fears and a trend of large-scale data breaches in industries. According to the latest release , Veridian is designed to operate as a replacement to conventional, centralized identity systems that tend to leave sensitive credentials within the control of third-party operators. Through using a decentralized architecture, the platform aims to cut down on dependence on intermediaries and provide customers with complete ownership of their online identities. The first product in this effort is the Veridian Wallet, a secure management platform where users can manage digital credentials, private keys, and identifiers from a single interface. The infrastructure of the wallet is directed towards making it possible for individuals and businesses to protect their information easily without having to depend on centralized storage and verification services. As per the Cardano Foundation’s, today’s identity solutions are becoming more exposed. The United States alone had around 1.7 billion data records put out in breach in the last year. Most of this exposure is a result of the centralized architecture nature of conventional verification systems, whereby user data is pooled together and controlled by third parties. Veridian suggests a transition with the rollout of a trustless, decentralized design fueled by cutting-edge protocols like Authentic Chained Data Container (ACDC) credentials and Key Event Receipt Infrastructure (KERI) identifiers, as mentioned in our last story. These technologies enable safe, verifiable sharing of identity information without centralized databases. In addition, Veridian users have the option to anchor credentials on the Cardano blockchain. This integration provides a cryptographic trust layer that further enhances the digital identity’s authenticity and integrity while enabling transparency and auditability when required. The wallet component acts as the direct interface for users to issue, store, and share digital credentials securely. Remote access is enabled, allowing users to have control over their identity data from any location, virtually anywhere. This is necessary for organizations that have distributed teams or people moving across different digital platforms. This release is simultaneous with wider initiatives by the Cardano network to broaden its contribution to the decentralized finance (DeFi) environment. Cardano founder Charles Hoskinson recently outlined plans for future work to bring Bitcoin into the DeFi environment using the Cardano network, as reported earlier. Hoskinson’s scheme involves leveraging the Cardano Hydra protocol for scaling and collaboration with Maestro, a blockchain infrastructure company. The scheme is likely to facilitate the development of Bitcoin smart contracts using the Aiken programming language, which facilitates interoperability between Bitcoin and Cardano ecosystems. The integration approach is set to enhance Cardano’s infrastructure as well as provide new avenues for Bitcoin-based DeFi apps.

The Cardano Foundation has officially launched Veridian, an open-source digital identity platform that is now available on iOS and Android. The platform aims to give users complete control over their digital identity, whether they are individuals or organizations. Introduced alongside its first product, Veridian Wallet, the platform puts users in complete control of their digital presence, delivering verifiable credentials and robust data security. Veridian enables the management of credentials and private keys directly from your phone, without having to rely on third-party services. This means that all control is in the hands of the user. Imagine if our ID cards, licenses, and even our education history could be stored securely in one place and only we could access or share them—that’s what Veridian offers. Trust is becoming increasingly scarce in an increasingly digital world. Too many people are asked to “trust” systems they don’t even understand. Well, Veridian is trying to turn things around. With technologies like Key Event Receipt Infrastructure (KERI) and Authentic Chained Data Container (ACDC), Veridian ensures that user data can only be accessed authentically and securely. Not only that, Cardano implements a post-quantum security approach to keep the platform relevant in the future. So, even if supercomputers start to run rampant, Veridian still has a shield. Veridian is not just about digital credentials, but about building trust. This platform offers full transparency because its infrastructure is public-based and its protocols are open. If usually digital identity systems are built behind a dark and unauditable screen, Veridian is the opposite—it is bright and clear. And when it comes to scalability, Cardano seems to know very well that big projects will be in vain if they cannot be used widely and efficiently. Therefore, Veridian is designed to be cost-effective and reliable, even by large institutions. On the other hand, CNF previously reported that Cardano CEO Charles Hoskinson had revealed his ambitious plan to bridge Hydra—Cardano’s scaling solution—with the Bitcoin Lightning Network. The combination of the two technologies aims to create a trustless recursive bridge. If successful, cross-blockchain transactions can be fast, cheap, and secure, without having to deal with slow traditional systems. Furthermore, the Cardano Foundation has also established a strategic partnership with SERPRO, a Brazilian government-owned information technology company. The collaboration, announced in March 2025, is focused on accelerating blockchain adoption in the public sector, especially in Brazil as the largest country in Latin America. Imagine if the entire government administration system could be accessed with a verified digital identity—it would certainly be much more practical and transparent. Moving on to the market side, the activity of large investors, aka whales, on the Cardano network also shows something interesting. In January 2025, it was recorded that around 120 million ADA tokens were purchased since January 19, with an estimated value of close to $100 million. Historically, this amount of accumulation is often a sign of an impending price surge. However, this does not mean that the increase will occur in the near future. Some analysts predict that ADA could still fall to around $0.50 before having the opportunity to soar to $3 this year. Meanwhile, based on the latest data, the ADA token is trading at about $0.6545 with an increase of around 0.54% in the last 24 hours. Its daily transaction volume is also quite active, at about $808.98 million.