Binance Sees Elevated ADA Trading Volume Amid Cardano’s Key Support Test

Cardano's ADA has recently tested crucial support levels after a significant price movement triggered by institutional interest. Following a 15.7% surge on July 22nd due to Grayscale's ETF application filing, ADA retreated to $0.80 as traders took profits. Despite this pullback, the token managed to reclaim the $0.85 resistance level for the first time in months, signaling potential bullish momentum. Technical indicators suggest that ADA remains in a favorable position, holding firmly above the critical support zone of $0.74-$0.75. On Binance, trading volume remains notably high at $242.2 million, indicating sustained interest from dip buyers. This activity underscores the market's confidence in ADA's resilience and long-term prospects, even as short-term volatility persists. The current developments highlight Cardano's growing prominence in the crypto space, with institutional moves like Grayscale's ETF application further bolstering its credibility. As of July 25, 2025, ADA's performance continues to draw attention from both retail and institutional investors, making it a key asset to watch in the evolving digital finance landscape.

Cardano (ADA) Tests Key Support Levels as Dip Buyers Emerge

Cardano's ADA retreated to $0.80 following a 15.7% surge triggered by Grayscale's ETF application filing on July 22nd. The pullback reflects profit-taking after the token reclaimed the $0.85 resistance level for the first time in months.

Technical indicators suggest bullish momentum remains intact, with ADA holding above critical support at $0.74-$0.75. Trading volume remains elevated at $242.2 million on Binance despite the 2.77% daily decline. The RSI at 60.13 indicates neutral conditions, leaving room for further upside.

Resistance at $0.94 looms as the next major target, with potential for movement toward the psychological $1.00 level. The 37% July rally has fundamentally shifted ADA's technical structure, with all major exponential moving averages turning bullish for the first time in months.

Nigeria SEC Embraces Stablecoin Innovation Following Binance Ban

Nigeria's Securities and Exchange Commission has pivoted toward stablecoin adoption, declaring the nation "open for stablecoin business" at the Nigeria Stablecoin Summit in Lagos. SEC Director-General Dr. Emomotimi Agama emphasized blockchain solutions for African challenges while maintaining regulatory safeguards.

Stablecoins are gaining traction among Nigeria's youth as hedges against naira depreciation and inflation, with growing use cases in payments and remittances. This policy shift comes after Nigeria's 2024 crackdown on Binance, which regulators accused of operating illegally.

The SEC's new stance reflects Africa's largest economy balancing innovation with oversight. "We want innovation that protects our markets and empowers Nigerians," Agama stated, framing stablecoins as tools for financial inclusion in the continent's most populous nation.

Arthur Hayes Boosts Ethena ENA Holdings to $3.73 Million Amid Strategic Partnership

BitMEX co-founder Arthur Hayes has significantly increased his stake in Ethena's ENA token, purchasing an additional 2.16 million tokens worth $1.06 million through Binance, Galaxy Digital, and Flowdesk. His total holdings now stand at 7.76 million ENA, valued at approximately $3.73 million.

The market responded immediately to Hayes' move, with ENA price surging 8% to $0.50 and daily trading volume jumping 47% to surpass $1 billion. This activity follows Ethena's partnership with Anchorage Digital to develop a compliant stablecoin solution, signaling institutional confidence in the project.

Hayes maintains a bullish outlook on ENA, predicting the token could reach $1—a potential 100% upside from current levels. The token has already demonstrated strong performance, gaining 25% weekly and 86% monthly as market interest grows.

Windtree Therapeutics Allocates $520M to BNB Treasury Strategy

Windtree Therapeutics, a biotech firm specializing in oncology and cardiovascular treatments, has unveiled a $520 million funding initiative to establish a cryptocurrency treasury strategy centered on BNB token acquisition. The plan allocates $500 million to develop an equity line of credit (ELOC) for BNB purchases, with the remaining $20 million directed toward a stock purchase agreement with Build and Build Corp.

BNB, the native token of the Binance ecosystem, will absorb 99% of the allocated funds. CEO Jed Lathen emphasized the strategic importance of the move, pending stockholder approval. The initiative marks a departure from traditional conservative treasury strategies in the pharmaceutical sector, signaling Windtree's intent to diversify assets and integrate blockchain technology into its financial ecosystem.