
Last week, an IRS rule that threatened to upend decentralized finance (DeFi) was officially repealed. The bipartisan disapproval resolution, led by Rep. Mike Carey (R-Ohio), was signed by President Donald Trump on April 10, per the official committee press release . Introduced in the final days of the Biden administration, the so-called DeFi broker rule — formally titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales” — was a new reporting rule from the IRS and the Treasury Department. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery

The Cardano price may be preparing for a powerful rally toward $1.7, as new indicators suggest a potential recovery. A leading crypto analyst has identified multiple bullish catalysts that could drive ADA’s momentum and help propel the cryptocurrency to this bullish target. Institutional Interest To Fuel Cardano Price Recovery According to a recent technical analysis by a pseudonymous TradingView analyst, ‘Risk_Adj_Return,’ the Cardano price is suddenly showing signs of recovery after a period of sluggish performance. This seemingly bullish turnaround has sparked predictions of a potential surge to $1.7. Related Reading: Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone According to the analyst’s report, several factors have been fueling ADA’s recovery. Despite its downtrend, large spot purchases have been observed, hinting at growing interest from institutional investors. The analyst also mentioned that political developments from key figures, such as US President Donald Trump, could spark further bullish sentiment for Cardano. Although many of the present institutional buy-ins for Cardano have been followed by sell-offs, possibly from short-term traders, the sheer volume suggests that major players are closely watching the market. Part of this renewed institutional interest is attributed to the US Federal Reserve (FED) and broader macroeconomic signals. Investors may be hoping for a shift in monetary policy or clear signs of easing inflation in the upcoming FOMC meeting, as this could boost risk assets like ADA. Any alignment between the Cardano price action and the FED decision could become a significant catalyst for upside momentum. In his Cardano price chart, the TradingView analyst highlighted a bullish long trade setup on the 4-hour timeframe, utilizing the Heikin-Ashi candles. The trading strategy is supported by multiple take-profit levels, with the entry point marked near Cardano’s current price range. A clear stop loss has also been placed just below the local support to manage downside risks. The trade plan involves three key take-profit levels: $0.73, $0.96, and $1.21. These targets align with previous resistance zones, allowing traders to potentially lock in gains before ADA reaches its ultimate upside target of $1.74. ADA Breakout Unlikely Amid US Trade Tensions The Cardano price is showing signs of strength, according to a market expert, ‘AMCrypto’, who notes that it is holding firm at a critical ascending support trendline on the 4-hour chart. After a recent decline, ADA bounced off the trendline, maintaining the bullish structure of an Ascending Triangle. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Currently trading around $0.61, Cardano still faces resistance at $0.67. A confirmed close above this threshold could signal a breakout, potentially propelling its price toward the $0.73 – $0.75 range. However, despite these bullish technicals, macroeconomic uncertainty remains a key obstacle to ADA’s breakout potential. The ongoing US-China trade war tensions continue to fuel market volatility, creating headwinds for a sustained rally. The current market decline and instability fueled by this trade war have also kept many investors on the sidelines as they await stability. Featured image from Pixabay, chart from Tradingview.com The Defiant

XRP, MAGACOINFINANCE, and BTC All Have 10,000% Potential
Crypto’s attention is shifting fast—and three names are at the center of it all: Bitcoin (BTC) , XRP , and MAGACOINFINANCE . Analysts are now grouping these together in the same breath, predicting 10,000% long-term upside potential but it’s MAGACOINFINANCE that’s leading the trend charts right now and this altcoin isn’t just trending—it’s taking over. LIMITED SPOTS — JOIN 2025’S BIGGEST PRESALE! MAGACOINFINANCE Is Rising Across Every Platform While BTC and XRP remain trusted names, MAGACOINFINANCE is exploding across social media , Google search, Reddit threads, and presale leaderboards. It’s not just a mention—it’s a movement . Crypto influencers are covering it, the community is growing hourly, and early-stage investors are zeroing in as it positions itself for a 25x breakout. PRESALE SELLING OUT- CLICK HERE TO SECURE A SPOT BTC and XRP Stay Relevant—But MAGACOINFINANCE Is Surging Bitcoin is pushing boundaries post-halving. XRP is back in the spotlight with bullish legal clarity. But the reality? Their paths are known. Their cycles are slower. MAGACOINFINANCE is where the early-stage ROI sits , and it’s being picked as one of the most likely to replicate the viral moves of coins like SHIBA, DOGE, and PEPE—except with more structure and strategic launch mechanics behind it. ADA, BCH, SUI: Holding Strong, But Not Stealing the Spotlight Cardano (ADA) remains a smart contract staple. Bitcoin Cash (BCH) is favored for low-fee on-chain payments. SUI is showing fresh life as a scalable L1. FINAL HOURS: CLAIM 50% EXTRA BONUS — CODE MAGA50X Conclusion BTC and XRP are always worth watching. But right now, MAGACOINFINANCE is what everyone is actually talking about . It’s not just climbing—it’s commanding attention , with ROI potential that’s triggering serious FOMO across every platform. The market is watching. Smart money is moving. Are you? Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: XRP, MAGACOINFINANCE, and BTC All Have 10,000% Potential The Defiant