Altcoin
Cardano Foundation X Account Compromised, ADA Slips
In an unprecedented turn of events, the Cardano Foundation’s X account witnessed a hack on Sunday. Notably, the yet-to-be-identified hacker promoted a fake token and alleged that ADA withdrawals would stop as a result of a crackdown by the U.S. SEC. In turn, the broader market saw a flurry of concerns, with even the native coin’s price showing a waning intraday movement.
Cardano Foundation X Account Faces Hack Raising Market Concerns
According to an X post by the coin’s community’s account as of December 8, “the Cardano Foundation X account @Cardano_CF has been compromised.” Further, the crypto team urged users to ignore any posts from this account whilst the team addressed the issue.
In the aftermath of the X account compromise, users on the social media platform saw a false promotion for a token named ADAsol. This false promotion bragged of a revolutionary bridge that came as a collaborative endeavor between the abovementioned entity and Solana.
Also, users on the platform saw an X post claiming that ADA withdrawals had been stopped as the U.S. SEC tightened its grip on the crypto project. Nevertheless, this post appears to have been deleted. Overall, the X account hack saga garnered noteworthy attention, underscoring the complexities of cyber security and its vitality in the crypto realm. Further, the project’s native coin, one of the leading crypto by market cap, also faced severe market turbulence in light of the attack.
ADA Price Wanes Amid Concerns
At the time of reporting, ADA price slipped nearly 3% intraday and is currently trading at $1.16 after the Cardano Foundation incident. Its intraday low and high were $1.15 and $1.22, respectively. Notably, the slumping intraday movement falls in line with market concerns rising in the wake of the abovementioned hack.
However, it’s also noteworthy that the monthly chart underscored gains worth 166%, conversely sparking optimism amid a bullish Q4. Market watchers remain apprehensive as the X account hack could spark negative market sentiments if not recovered. However, a recent price analysis by CoinGape revealed that Cardano whales are on an accumulation spree, further bringing optimism contrary to the hack. Intriguingly, the analysis shows that a $2 target for the coin looms ahead amid renewed crypto market interest in Q4.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As Ripple resolves uncertainty surrounding the XRP lawsuit settlement, speculation grows about its highly anticipated Initial Public Offering (IPO). Although the platform has not announced a specific timeline for the Ripple IPO, expert predictions suggest it may happen within the next 12 to 18 months.
Let’s explore expert predictions over the possible dates and impacts of Ripple’s public offering over the broader crypto market.
When To Expect Ripple IPO?
With Ripple dropping its cross-appeal against the Securities and Exchange Commission, the XRP lawsuit takes a significant turn. This major development has sparked increased speculations about the Ripple IPO.
During an interview with Bloomberg, Ripple CEO Brad Garlinghouse remained vocal about the platform’s long awaited public offering. He posited, “The IPO is a natural step for Ripple to diversify and secure its future in the global market.” Shedding light on the capital, Garlinghouse stated that a portion of the amount raised could be used for further developments within the Ripple ecosystem.
As Garlinghouse and Ripple remain silent about the exact date for the IPO, experts predict that the event could be possible within the next 18 months. In addition, there is a growing speculation that the platform will launch the IPO by the year end.
Isn’t IPO a Priority for Ripple?
Ripple’s CEO has downplayed the significance of an IPO for the company at present, despite growing anticipation. He stated,
I think that’s available and the company is at a stage where we can consider that. That being said, it isn’t a huge priority… We are more proactive in looking at acquisitions.
However, the public offering provides a strategic chance to strengthen Ripple’s presence among institutional investors, potentially unlocking funds that were previously withheld due to ongoing legal uncertainties. As the current regulatory environment in the US remains favorable, the platform is expected to utilize the opportunity well.
IPO To Impact XRP Price
Ripple proponent XRP Chancellor shared an enthusiastic and optimistic post, commenting on the potential impact of the imminent Ripple IPO. According to the expert, the IPO will drive up XRP’s value.
Analysts like Egrag Crypto and Ali Martinez have provided bullish predictions on the XRP price post IPO announcement. According to Egrag, XRP is poised to reach $10, whereas Ali forecasted its hike to $15.
Recently, All Things XRP, a prominent figure, shed light on the possibility of an IPO following the XRP lawsuit resolution.
How Will Ripple IPO Impact Broader Market?
Notably, the IPO is expected to have a significant impact on XRP. The IPO could spark increased institutional interest and a positive market sentiment. In addition, the IPO could bolster the platform’s legitimacy.
Meanwhile, the public offering could also influence the broader crypto market. The IPO could lead to increased mainstream acceptance of cryptocurrencies and blockchain technology. Ripple’s IPO could have a ripple effect on the cryptocurrency market, potentially boosting prices of other digital currencies as new investors enter the space. It could also lead to new partnerships and collaborations in financial and technological sectors.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Grayscale Research has released its updated Top 20 list of digital assets, identifying key cryptocurrencies with strong potential for the coming quarter.
The firm updates this curated selection quarterly, reflecting its analysis of network adoption, market trends, and fundamental sustainability.
Grayscale Adds 3 Altcoins to Investment Consideration List
The latest update introduces three new assets—Maple (SYRUP), Geodnet (GEOD), and Story Protocol (IP). This suggests an inclination toward real-world applications in decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), and intellectual property (IP) tokenization.
Grayscale organizes the digital asset market into five distinct crypto sectors: currencies, smart contract platforms, financials, consumer & culture, and utilities & services. This framework allows the firm to track industry trends and assess high-growth opportunities within each category.
With the latest rebalancing, the crypto sectors now encompass 227 distinct assets with a total market capitalization of $2.6 trillion, covering the vast majority of the global crypto market.
Maple Finance (SYRUP)
Maple Finance (SYRUP) is a leading DeFi protocol specializing in institutional lending. The project operates through two core platforms: Maple Institutional, designed for accredited investors, and Syrup.fi, which serves DeFi-native users.
Over the past year, Maple Finance has grown significantly, reaching $600 million in Total Value Locked (TVL) and $20 million in annualized network fee revenue. The project aims to scale Syrup.fi to $2 billion in TVL by integrating with other DeFi protocols, including Pendle (PENDLE).
Geodnet (GEOD)
Meanwhile, Geodnet (GEOD) has emerged as a leader in the DePIN space. As the world’s largest real-time kinematic positioning provider, the network offers geospatial data with centimeter-level accuracy. It serves industries such as agriculture, robotics, and autonomous vehicles.
The network has expanded to include more than 14,000 active devices across 130 countries and has seen its revenue grow substantially. Annualized network fees increased by 500% year-over-year (YoY) to $3 million.
Geodnet’s decentralized approach presents a cost-effective alternative to centralized GPS solutions, positioning it as a critical infrastructure provider in the blockchain space.
Story Protocol (IP)
Story Protocol (IP) is tackling the growing intellectual property space by bringing IP rights onto the blockchain. With AI-generated content sparking copyright disputes, Story Protocol offers a way for companies and creators to monetize their intellectual property. At the same time, it enables investors to trade and earn royalties.
The project has already onboarded high-profile assets, including music rights for Justin Bieber, BTS, Maroon 5, and Katy Perry. It also launched its dedicated IP-focused blockchain and token in February 2025.
Grayscale Removes 3 Altcoins From its List of Investible Products
The latest update also includes the removal of three assets from the Top 20 list, comprising Akash Network (AKT), Arweave (AR), and Jupiter (JUP).
“Grayscale Research continues to see value in each of these projects, and they remain important elements of the crypto ecosystem. However, we believe the revised Top 20 list may offer more compelling risk-adjusted returns for the coming quarter,” the firm explained.
Beyond these new additions, Grayscale continues to highlight key investment themes. These include Ethereum scaling solutions, AI-integrated blockchain development, and DeFi and staking innovations. The continued inclusion of assets like Optimism (OP), Bittensor (TAO), and Lido DAO (LDO) reflects the firm’s focus on these high-growth areas.
Meanwhile, the latest Top 20 update follows Grayscale’s broader expansion into evaluating additional digital assets. In January 2025, the firm revealed nearly 40 altcoins under investment consideration. Similarly, Grayscale announced a list of 35 assets for potential inclusion in investment products in October.
Disclaimer
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Shiba Inu price has seen strong bullish momentum, gaining another 13.5% and shooting past $0.000015 levels, with its daily trading volume surging by 70% to $370 million. The recent rally comes amid a sharp surge in the SHIB burn rate and improving sentiment for the world’s second-largest meme coin. Additionally, the platform’s marketing lead has also tossed up the idea of having a Shiba Inu exchange-traded fund (ETF) in the future.
Shiba Inu Price Surges As Bulls Charge In
Shiba Inu’s native crypto SHIB is getting major attention from investors with more than 20% gains on the weekly chart. Additionally, today’s SHIB price pump comes along with 70% surge in daily trading volumes suggesting a strong bullish sentiment for the altcoin.
Additionally, as per the Coinglass data, the SHIB futures open interest has surged by 30% to more than $166.74 million. This shows that there’s a strong demand among the futures traders for the world’s second-largest meme coin. As per the image below, the Shiba Inu price is closely following the trajectory of the 2021, and is on the verge of staging a parabolic rally ahead, amid the recent surge in SHIB burn rate.
Analysts are predicting a minimum of 200% SHIB price rally which would take its market cap to nearly $27 billion. While other players expect an even bigger rally where the meme coin could give as high as 12x gains or 1,100% returns.
Can SHIB Rally 12x From Here Onwards?
Popular crypto analyst CryptoELITES predicted a 12x surge in Shiba Inu price amid the formation of a cup-and-handle pattern on the technical chart. Since reaching its all-time high of $0.0008854 in October 2021, SHIB’s price movement has been carving out a cup-and-handle pattern. The “cup” was fully formed with Shiba Inu’s March 2024 peak at $0.00004567, while the “handle” is now nearing completion, as shown in the image below.
Shiba Inu’s marketing lead LUCIE has also agreed to this possibility by retweeting regarding the same. Furthermore, Lucie recently emphasized the potential for Shiba Inu to reach the $0.01 price milestone. However, she acknowledged that achieving this level could take time and encouraged the Shiba Inu community to remain patient.
Recent Developments in the Ecosystem
The Shiba Inu ecosystem has seen consistent growth and development while the sharing the plans of the future. Recently Lucie also tossed the idea of getting a Shiba Inu ETF to the market once again.
Furthermore, despite the current crypto market turbulence, the Shiba Inu ecosystem has demonstrated remarkable growth, surpassing 1.5 million holders since its inception in 2020. Data from Shibariumscan reveals that Shibarium’s total block count has exceeded 10 million, highlighting the network’s consistent adoption and increasing on-chain activity.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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