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US Threatens Russia-Linked Crypto Assets Lockout

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Amid ongoing political tension between the US and Russia, crypto addresses owned by Russian traders could be locked out of the US market.

Meanwhile, Russia has suspended trading in dollars and euros on its leading financial marketplace, the Moscow Stock Exchange.

Russia-Linked Crypto Addresses Face US Ban

US politician Brad Sherman has applied to amend the National Defense Authorization Act (NDAA) bill. Filed with the US House Rules Committee, the California Democrat wants a specific clause in the NDAA. 

The US Treasury Secretary would be mandated to prohibit digital asset trading platforms and transaction facilitators within the US from transacting with Russia-linked cryptocurrency addresses.

“The Secretary of the Treasury may require that no digital asset trading platform or digital asset transaction facilitator that does business in the United States transact with, or fulfill transactions of, digital asset addresses that are known to be, or could reasonably be known to be, affiliated with persons headquartered or domiciled in the Russian Federation if the Secretary,” read a clause in the official filing.

Notably, this is contingent on whether the Secretary determines that exercising such authority is of national interest. The decision hinges on the Secretary’s assessment of the broader implications for national security and public welfare.

Read more: Top 3 Methods for Cross-Border Money Transfer Using Crypto

Brad Sherman also has a regulation for US taxpayers moving over $10,000 worth of crypto outside the country. Under the proposed bill, they must file with the US Financial Crimes Enforcement Network (FinCEN).

“The Financial 21 Crimes Enforcement Network shall require United States persons engaged in a transaction with a value greater than  $10,000 in digital assets through 1 or more accounts outside of the United States to file a report described in section 1010.350 of title 31, Code of Federal Regulations, using the form described in that section, in accordance with section 5314 of title 31, United States Code,” the filing says.

Sherman also wants the Treasury Secretary to expose crypto exchanges deemed high risk for illicit activities, including sanctions evasion and money laundering.

“This is actually pretty bullish considering it’s coming from Sherman. This guy has been trying to kill crypto so hard and these two things just prove that he has capitulated and understands it’s not going away,” said investor Guinness Stache.

Notably, Sherman compared crypto to drugs and organ harvesting at one point, arguing that crypto industry stakeholders don’t want real regulations. He is also on record calling crypto a major source of tax evasion.

Russia Suspends US and Euro Trading

Reports indicate that lawmakers deem the NDAA a must-pass bill, meaning they consider it critical and necessary for approval. They believe it is essential for the government’s functioning and the implementation of key policies. Because of their importance, must-pass bills usually have a higher chance of approval than other types of legislation.

“Important to note here that the annual defense bill is a must-pass piece of legislation and slipping in seemingly innocuous amendments like this likely wouldn’t affect its passing. We may see more amendments like this as members attempt to get other bills attached to the NDAA, said Fox Business journalist, Eleanor Terrett.

Sherman’s proposed amendment comes after Russia’s move to suspend trading the US dollar (USD) on the Moscow Stock Exchange. This development marks a significant shift in Russia’s financial strategy amidst ongoing geopolitical conflict.

“Due to the introduction of restrictive measures by the United States against the Moscow Exchange Group, exchange trading and settlements of deliverable instruments in US dollars and euros are suspended,” Reuters reported, citing the Russian central bank.

Read more: Data Privacy: 10 Tips to Protect Your Digital Privacy in 2024

The move aims to influence other countries’ attitudes toward the US dollar as a dominant reserve currency. For one, it could compel investors to diversify their currency usage.

“We don’t care, we have Yuan. Getting dollars and euros in Russia is practically impossible,” said one person at a large, non-sanctioned Russian commodities exporter, economist Sasha Breger Bush reported.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Ethereum Price Faces a Tough Test—Can It Clear the Hurdle?

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Ethereum price started another decline and traded below the $1,850 level. ETH is now consolidating and facing key hurdles near the $1,850 level.

  • Ethereum struggled to continue higher above the $1,980 resistance level.
  • The price is trading below $1,860 and the 100-hourly Simple Moving Average.
  • There was a break above a connecting bearish trend line with resistance at $1,810 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $1,850 and $1,880 resistance levels to start a decent increase.

Ethereum Price Attempts Recovery

Ethereum price failed to continue higher above $2,050 and started another decline, like Bitcoin. ETH declined below the $1,880 and $1,850 support levels.

It tested the $1,765 zone. A low was formed at $1,767 and the price recently started a short-term recovery wave. The price climbed above the $1,800 resistance. There was a move above the 23.6% Fib retracement level of the downward move from the $2,033 swing high to the $1,767 low.

There was also a break above a connecting bearish trend line with resistance at $1,810 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,860 and the 100-hourly Simple Moving Average.

On the upside, the price seems to be facing hurdles near the $1,850 level. The next key resistance is near the $1,860 level. The first major resistance is near the $1,900 level and the 50% Fib retracement level of the downward move from the $2,033 swing high to the $1,767 low.

Ethereum Price
Source: ETHUSD on TradingView.com

A clear move above the $1,900 resistance might send the price toward the $2,000 resistance. An upside break above the $2,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,050 resistance zone or even $2,120 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,850 resistance, it could start another decline. Initial support on the downside is near the $1,800 level. The first major support sits near the $1,780 zone.

A clear move below the $1,780 support might push the price toward the $1,765 support. Any more losses might send the price toward the $1,710 support level in the near term. The next key support sits at $1,665.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $1,800

Major Resistance Level – $1,850



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Top 3 Made in USA Coins to Watch In April

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Made in USA coins continue to try a rebound, with Solana (SOL), RENDER, and Jupiter (JUP) standing out as key names to watch in April. Despite recent price corrections, each of these tokens plays a major role in high-growth areas like DeFi, AI, and blockchain infrastructure.

Solana has seen its price dip, but ecosystem activity remains strong; RENDER is riding the wave of AI demand despite market turbulence; and Jupiter is showing solid usage metrics even as its token struggles. Here’s a closer look at the technical and fundamental setups for each of these standout U.S.-based projects.

Solana (SOL)

Solana has faced a notable price correction over the past week, with its value dropping nearly 13%. If this bearish momentum continues, the token could be on track to retest the critical support level at $120.

A breakdown below that could see SOL sliding further toward the $112 mark.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

Despite the recent downturn, Solana remains one of the most relevant Made in USA coins and continues to show impressive usage metrics. PumpFun, for example, generated nearly $9 million in revenue over the past 24 hours, second only to Tether.

After a short period when BNB led the DEX volume race, Solana seems to be regaining traction—its decentralized exchange volume has surged by 128% in just seven days, reaching $18 billion and surpassing both Ethereum and BNB.

If this recovery in momentum persists, SOL could target a move toward the $131 resistance level. A successful breakout there could open the door to further gains toward $136 and potentially $147.

RENDER

RENDER, one of the most prominent U.S.-based cryptocurrencies with a focus on artificial intelligence, has seen its price decline nearly 11% over the past seven days.

This drop reflects the broader correction that has impacted many AI-related tokens in recent months.

However, new developments in the AI infrastructure space may provide a catalyst for a potential rebound, especially as the limitations of centralized systems become clear.

RENDER Price Analysis.
RENDER Price Analysis. Source: TradingView.

If bullish momentum returns to the AI sector, RENDER could look to challenge the resistance at $3.47, and a successful breakout might open the door for a rally toward $4.21.

However, if the current correction deepens, the token could fall to test the $3.14 support level. A breakdown there may trigger further losses, potentially dragging RENDER down to $2.83 or even $2.52—its lowest level in recent weeks.

Jupiter (JUP)

Despite Solana’s recent struggles, Jupiter—its leading DEX aggregator—is demonstrating impressive strength in terms of activity.

In the last 24 hours, Jupiter ranked as the fourth-highest protocol in crypto by fee generation, collecting nearly $2.5 million.

Only Tether, PumpFun, and Circle managed to outperform it, highlighting the platform’s growing relevance within the Solana ecosystem even during periods of broader market weakness.

JUP Price Analysis.
JUP Price Analysis. Source: TradingView.

However, JUP, Jupiter’s native token, hasn’t mirrored this positive momentum. Its price has dropped over 21% in the past week, being one of the worst performers among the biggest Made in USA coins. It has remained below the $0.65 mark for three consecutive weeks.

With JUP now hovering dangerously close to a key support at $0.44, a breakdown could see the token dip below $0.40 for the first time ever.

Still, if market sentiment shifts and momentum returns, JUP could begin climbing again—first testing resistance at $0.54, then potentially moving toward $0.598 and even $0.63 if bullish pressure intensifies.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Cardano (ADA) Whales Hit 2-Year Low as Key Support Retested

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Cardano (ADA) is facing mounting pressure as its price corrects by 10% over the past seven days, continuing a broader downtrend that has kept it trading below the $1 mark for nearly a month. With technical indicators flashing warning signs and large holders exiting their positions, concerns around ADA’s short-term stability are growing.

The recent rejection at higher resistance levels and a strong directional trend signal suggest that bearish momentum is far from over. As the $0.64 support level is tested once again, ADA’s next move could determine whether a rebound is possible—or if further downside is ahead.

Cardano ADX Shows The Downtrend Is Very Strong

Cardano’s Average Directional Index (ADX) is currently at 40.19, rising sharply from 15.83 just four days ago. This steep increase suggests a rapid strengthening in the trend’s momentum.

Given that ADA is currently in a downtrend, the rising ADX indicates that bearish momentum is intensifying and the current downward move is gaining traction.

ADA ADX.
ADA ADX. Source: TradingView.

The ADX is a trend strength indicator that measures how strong a trend is, regardless of its direction. It ranges from 0 to 100, with readings below 20 typically indicating a weak or non-existent trend, while values above 25 suggest a strong trend is in place.

Cardano’s ADX climbing above 40 confirms that the current downtrend is active and becoming stronger. If this trend continues, it may point to further downside pressure unless a shift in momentum begins to build from the bulls.

ADA Whales Dropped To Their Lowest Level Since February 2023

The number of Cardano whales—wallets holding between 1 million and 10 million ADA—has dropped to 2,406, down from 2,421 just four days ago.

This decline brings the whale count to its lowest level since February 2023, marking a potentially meaningful shift in large-holder behavior. These movements are worth paying attention to, as changes in whale holdings often precede broader market trends.

Tracking whales is important because these large holders can significantly influence price action through their buying or selling decisions. A decline in whale numbers can signal reduced confidence or capital rotation into other assets.

Addresses Holding Between 1 Million and 10 Million ADA.
Addresses Holding Between 1 Million and 10 Million ADA. Source: Santiment.

In Cardano’s case, the drop suggests that some major players may be exiting or reducing exposure, which could add downward pressure to ADA’s price.

If this trend continues, it could weaken investor sentiment and make it harder for ADA to recover in the short term.

Can Cardano Sustain The $0.64 Support Again?

Cardano price recently tested the support level at $0.64 and managed to hold, showing that buyers are still defending that zone. This support has become a key line in the sand for ADA’s short-term outlook.

If the current downtrend is reversed and bullish momentum picks up, the next upside target would be the resistance at $0.69. A breakout above that level could open the door for a push toward $0.77.

ADA Price Analysis.
ADA Price Analysis. Source: TradingView.

Should the rally continue with strength, ADA could aim for $1.02—marking a return above the $1 level for the first time since early March.

However, the $0.64 support remains a critical level to watch. If Cardano tests it again and fails to hold, it could indicate weakening buyer conviction.

A breakdown below $0.64 would likely send ADA toward the next support at $0.58. This would confirm a continuation of the downtrend and possibly trigger further selling pressure.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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