Cardano witnessed a 60% price surge over the weekend, climbing above $1 on Sunday. The rise came after US President Donald Trump announced his administration’s plan to establish a reserve of digital assets, which included ADA. 

However, the hype has turned out to be short-lived. ADA has since lost momentum, plunging by 20% in the past 24 hours and slipping back below the crucial $1 price mark.

Cardano Dips 20% in 24 Hours—Is the Rally Over?

ADA soared above $1 on Sunday after Trump announced the proposed US crypto strategic reserve, which will consist of five coins: ADA, BTC, ETH, XRP, and SOL.

However, the speculative enthusiasm around the proposal may have faded, leading to a wave of profit-taking among ADA traders. At press time, the coin trades at $0.82, noting a 20% dip over the past 24 hours.

Technical indicators assessed on a daily chart reinforce the weakening demand for ADA. For example, its Relative Strength Index (RSI) is trending downward, signaling a decline in buying pressure. At press time, this key momentum indicator, which measures the asset’s oversold and overbought conditions, is poised to breach the 50-center line.

The trend signals a bearish shift in momentum. A move above 50 suggests strengthening bullish control, while a drop below 50 indicates increasing bearish pressure. Hence, ADA’s falling RSI suggests that market participants favor selling their coins for profit over acquiring new ones, exacerbating the downward pressure on its price.

Further, ADA’s price is currently gearing to fall below its 20-day exponential moving average (EMA). This key moving average measures the asset’s average price over the past 20 trading days, giving more weight to recent price changes.

When an asset’s price is about to fall below its 20-day EMA, it signals weakening short-term momentum. A confirmed break below the level indicates a bearish trend reversal and highlights the increased selling pressure in the market. Therefore, a break below this key level puts ADA at risk of extending its decline in the short term.

ADA Eyes $0.94 if Buyers Step In

ADA trades at $0.82 at press time, resting above the support formed at $0.72. If bearish pressure strengthens, this support level may fail to hold. In that case, ADA’s price could decline toward $0.60.

However, a resurgence in ADA demand would invalidate this bearish outlook. If profit-taking stalls and new buyers enter the market, it could drive up ADA’s value to $0.94. 

A successful breach of this resistance could propel Cardano’s price toward a three-month high of $1.32.

Story Protocol recently announced the acquisition and tokenization of partial copyrights for two hit songs, “Nobody’s Love” by Maroon 5 and “Daisies” by Katy Perry.

Bringing Maroon 5 and Katy Perry’s copyrights onto the blockchain could open up a new wave of investment, making it easier for investors to access the music copyright sector. But does the trend of tokenizing Real World Assets (RWA) in the music industry truly have potential?

Story Protocol Tokenizes Songs By Maroon 5 & Katy Perry

According to an official announcement from Story Protocol (IP), the Aria protocol—part of the Story ecosystem—has acquired and tokenized a portion of the copyrights for the hit songs Nobody’s Love by Maroon 5 and Daisies by Katy Perry.

The choice of Maroon 5 and Katy Perry likely stems from their status as top-tier artists with massive fan bases. Maroon 5 has won three Grammy Awards and sold over 135 million records worldwide, while Katy Perry has sold over 100 million records, with multiple diamond-certified singles.

“Katy Perry and Maroon 5 aren’t just topping charts anymore—they’re topping investment portfolios,” commented an X user.

Both Nobody’s Love and Daisies have high streaming numbers, generating sustainable passive revenue. Tokenizing the copyright for these songs allows for the rights to be divided into digital tokens that investors can trade or hold.

This move is part of a broader plan to acquire portions of over 50 copyrights from major artists, including BLACKPINK, Miley Cyrus, Justin Bieber, and others, as previously announced by Story Protocol.

Does Music Copyright Tokenization Have Real Potential?

As BeInCrypto has highlighted, Real-World Asset Tokenization refers to the process of converting physical or intangible assets into digital tokens on the blockchain. According to CoinGecko data, as of press time, the market capitalization of RWA-related projects stands at over $32 billion.

“It’s clear that the world’s largest financial market infrastructures see a huge opportunity emerging from the DLT/Blockchain industry’s ability to connect counterparties around various forms of RWA tokenization,” said Sergey Nazarov, Co-founder of Chainlink.

Moreover, Security Token Market recently predicted that the tokenized RWA market could reach $30 trillion by 2030, with leading sectors including securities, real estate, bonds, and gold.

According to the World Intellectual Property Organization (WIPO), the economic value of Intellectual Property (IP)—including copyrights, patents, and trademarks—contributes around 38% of global GDP, equivalent to more than $30 trillion annually (based on a global GDP of $80-$100 trillion). The copyright industry alone (music, film, books) accounts for approximately $5.8 trillion.

Despite its massive value, the IP sector remains one of the least liquid asset classes. Buying, licensing, or valuing IP is often complex, time-consuming, and dependent on legal intermediaries. Tokenizing IP could enable more transparent, efficient transactions and management through digital tokens, making this a potential sector that Story Protocol aims to solve.

Opportunities And Challenges Ahead for Story Protocol

While the potential of RWA in the IP sector is undeniable, Story Protocol still faces significant challenges in capturing this market. First, Story is not the only RWA-focused project.

Competitors like Ondo Finance (Ondo Chain), Centrifuge, and MakerDAO have already established a presence. Story Protocol is still relatively small and just recently launched its mainnet, meaning it must demonstrate unique advantages in the IP niche.

Second, tokenizing IP requires legal recognition from organizations like WIPO and compliance with the Berne Convention. Without overcoming these legal hurdles, Story Protocol may struggle to attract major IP holders.

Story Protocol’s move to tokenize the copyrights of hit songs aligns with its broader strategy to enter the IP sector. However, success in this space will require proving its utility and overcoming legal and market adoption challenges.

Binance, one of the world’s largest crypto exchanges, has shortlisted 10 altcoins for close monitoring, with potential for delisting.  

This review, set to take around 30 days, reflects Binance’s attempts to enhance market quality.

Binance Shortlists 10 Altcoins For Potential Delisting

Following its announcement to list GoPlus Security (GPS), Binance shared another update detailing extending its monitoring tags to 10 altcoins.

Specifically, Aergo (AERGO), Alpaca Finance (ALPACA), AirSwap (AST), Badger DAO (BADGER), BurgerCities (BURGER), COMBO (COMBO), NULS (NULS), STP (STPT), UniLend (UFT), and VIDT DAO (VIDT) are now on the list, effectively placing them on high risk of delisting.

“Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance explained in a blog.

Accordingly, Binance has implemented a new requirement for users looking to trade any tokens marked on its Spot trading and Margin platforms. To gain access, traders must pass a risk-awareness quiz every 90 days. This measure ensures that users understand the risks associated with these tokens before engaging in trades.

The exchange emphasized that this shortlisting does not guarantee delisting. Binance will conduct periodic project reviews and decide whether to add or remove the Monitoring Tag. Notably, this decision will hinge on current findings after the review process.

Nevertheless, this assurance did not assuage token holders. In the immediate aftermath of this potential delisting announcement, the values of the 10 cited tokens dipped, posting double-digit losses as investors traded the news.

Notably, tokens with the Monitoring Tag present high risk due to concerns spanning regulatory uncertainty, low liquidity, or extreme volatility. Binance displays this tag on the corresponding Spot and Margin trading pages and the Markets Overview section. Additionally, the exchange shows a risk-warning banner whenever users interact with these tokens.

Citing community feedback, the leading exchange by trading volume said its monitoring tag would now be updated monthly. Nevertheless, it will continue to review the removal of Monitoring and Seed Tags quarterly. 

“New projects will be added in the first week of every month,” the exchange added.

By enforcing this requirement, Binance aims to educate and protect its users, ensuring they make informed decisions. The move reflects the exchange’s increasing focus on risk management and compliance in a growing regulatory environment.

Meanwhile, the drop seen across the affected tokens is unsurprising, presenting as a typical reaction to such announcements. For instance, in December, Binance’s decision to delist three altcoins sent affected tokens down a cliff to record double-digit losses.

Conversely, listing announcements have the opposite effect. BeInCrypto reported earlier how Binance exchange’s move to list GPS sent the token soaring by over 10%.