Binance Sees Massive ADA Inflow as Cardano Tests Critical Support
On December 12, 2025, Cardano (ADA) finds itself at a crucial technical juncture, hovering precariously near the $0.38–$0.39 support zone. This level has emerged as a pivotal battleground for bulls and bears, with the token's recent 10.7% daily decline underscoring the intense market turbulence. Despite the significant price drop, trading activity tells a different story, with 24-hour volume surging to an impressive $1.29 billion. This divergence between price action and volume suggests heightened institutional and retail interest, potentially signaling accumulation or strategic repositioning. A particularly noteworthy development was the seamless transfer of a staggering $750 million worth of ADA to the Binance exchange. The fact that this massive movement did not trigger a more severe price disruption indicates robust underlying market depth and possibly sophisticated order routing to minimize slippage. From a technical perspective, analysts are closely watching the Fibonacci retracement confluence zone between $0.322 and $0.437. This area aligns with historical demand levels, reinforcing its significance as a potential accumulation zone for long-term holders. The current market sentiment appears cautiously optimistic among traders, with many eyeing a potential rebound target near $0.60 should the current support hold firm. The resilience displayed amid the large Binance transfer and the substantial volume provide a nuanced picture: while short-term pressure is evident, the ecosystem's underlying infrastructure is handling significant capital flows efficiently. As the market continues to digest these developments, all eyes remain on whether the $0.38 support will catalyze the next leg up or succumb to broader market pressures.
Cardano Tests Critical Support Amid Market Turbulence
Cardano (ADA) hovers NEAR a pivotal $0.38–$0.39 support zone, with traders eyeing a potential rebound toward $0.60. The token’s 10.7% daily drop contrasts with surging trading volume—$1.29 billion in 24 hours—as markets digest a $750 million ADA transfer to Binance without significant price disruption.
Technical charts highlight a confluence of Fibonacci levels and historical demand near $0.322–$0.437, suggesting accumulation by strategic buyers. ADA’s $14.85 billion market cap underscores its resilience among top cryptocurrencies, though sustained recovery hinges on reclaiming $0.50–$0.52 resistance.
Bhutan Launches Sovereign Gold-Backed TER Token to Advance Digital Economy
Bhutan is accelerating its digital transformation by tokenizing portions of its national reserves, positioning itself as an early adopter in the blockchain-powered asset revolution. The Himalayan kingdom has introduced TER, a gold-backed digital currency issued on solana and secured by DK Bank under sovereign oversight.
The TER token mirrors traditional gold purchasing processes, with physical bullion held in regulated custody. This move complements Bhutan's existing crypto initiatives, which include Bitcoin mining operations, substantial cryptocurrency reserves, and a national digital identity system built on Ethereum.
Tourism and payments infrastructure are also evolving, with merchants adopting Binance Pay and the government expanding blockchain integration across multiple networks. Technology partner Matrixdock facilitates the Gold tokenization process, bridging physical assets with blockchain infrastructure.
