Ethereum Price Technical Analysis – ETH/USD’s Bearish Path 406

Key Highlights

  • ETH price declined further and followed a short-term bearish path below $445 against the US Dollar.
  • There are two bearish trend lines forming with resistance at $428 and $442 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair might correct towards $440-442 in the near term, but could face sellers.

Ethereum price declined sharply against the US Dollar and Bitcoin. ETH/USD moved towards the $410-400 levels and is currently correcting higher.

Ethereum Price Decline

There was no major recovery in ETH price above the $460 level against the US Dollar. The price came under renewed selling pressure and traded below the $430 and $425 support levels. It almost tested the $400 handle and traded as low as $408.80. At the moment, the price is correcting higher towards $430. It has moved above the 23.6% Fib retracement level of the last decline from the $460.54 high to $408.80.

On the upside, there are many resistances such as $440 and $460. There are also two bearish trend lines forming with resistance at $428 and $442 on the hourly chart of ETH/USD. The first trend line is near the 38.2% Fib retracement level of the last decline from the $460.54 high to $408.80. However, the most important resistance is around the $440 level and the second trend line. The 100 hourly simple moving average is also near $450 to act as a resistance.

An intermediate resistance is around the 50% Fib retracement level of the last decline from the $460.54 high to $408.80 at $435. Therefore, any major upsides are likely to be capped by the $440 level. On the downside, the recent low of $408 is a decent support. The most important support is near $400-395 where there can be strong bids.

Hourly MACD – The MACD is placed well in the bearish zone.

Hourly RSI – The RSI is moving higher towards the 40 level, but it is well below the 50 level.

Major Support Level – $408

Major Resistance Level – $440

 

Charts courtesy – SimpleFX

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Klickl Partners with IMKAN Properties to Pioneer Cryptocurrency Payments in UAE Real Estate 1096

The collaboration highlights the UAE’s role in the adoption of digital currencies.

Klickl, the UAE-based Web3 financial platform, has announced a collaboration with IMKAN Properties, a leading global real estate developer based in Abu Dhabi, to facilitate property purchases through cryptocurrency.

This collaboration aims to enhance real estate transactions by introducing a new financial model designed to improve the home-buying experience for both regional and international buyers.

The collaboration responds to increasing interest in alternative payment solutions within high-value sectors like real estate, particularly among international buyers looking for secure and efficient transaction methods. By offering Klickl’s cutting-edge cryptocurrency payment processing system, IMKAN aims to provide customers with seamless access to these capabilities, making it easier for them to invest in premium real estate across the UAE.

The integration of cryptocurrency by one of the UAE’s major real estate developers serves to reinforce the country’s status as a global hub for digital currency use as well as underline the growth trajectory of this domain. Both Dubai and Abu Dhabi have made efforts in recent years to advance regulations as well as attract businesses, talent, and investment related to digital assets.

“Our collaboration with IMKAN aligns with our mission to extend the benefits of Web3 technologies into everyday business transactions,” said Michael Zhao, CEO of Klickl. “From cross-border remittances to real estate investments, digital currencies offer an unmatched level of convenience, transparency, and efficiency. By supporting Imkan’s customers with both crypto payment acceptance and fiat conversion, we are creating a model that other real estate companies can adopt to attract a new generation of buyers.” He went on to say.

Cryptocurrency-Enabled Transactions – A First for IMKAN Properties

The collaboration will allow IMKAN to offer its clients the option of converting cryptocurrencies, including Bitcoin, Ethereum, and stablecoins like USDT for use to invest in premium real estate. With these options, both local and international buyers can gain greater flexibility, avoiding the complexities and delays that often come with cross-border bank conversions.

One of the key drivers behind this initiative is the increasing number of international investors in UAE real estate. The ability to use digital currencies for conversion will streamline transactions for overseas buyers, especially those in emerging markets or regions with less-developed banking infrastructure.

“Crypto is more than a payment method—it’s a financial tool that enables us to operate more efficiently across borders,” Zhao explained. “Our goal with IMKAN is to offer this technology to its customers in a way that enhances liquidity and supports business continuity, providing real estate developers with the financial stability they need to grow.”

Klickl’s platform will be offered seamlessly with IMKAN’s existing sales and payment systems. Buyers can experience a straightforward process where cryptocurrency payments can be made through a secure platform, and all necessary regulatory checks will be conducted automatically.

Compliance and Security at the Forefront

Given the increasing scrutiny around digital assets, Klickl will ensure that all transactions are compliant with UAE regulations. From Know Your Customer (KYC) protocols to anti-money laundering (AML) compliance, the platform incorporates best-in-class security features to protect both IMKAN and its clients.

“We are committed to maintaining the highest levels of security and compliance,” Zhao emphasized. “Every transaction will go through rigorous checks to ensure it meets regulatory standards, so our partners and their customers can transact with confidence.”

The Future of Real Estate with Digital Finance

The collaboration between Klickl and IMKAN represents a milestone in the UAE’s journey toward becoming a global hub for digital finance. As part of the initiative, the two companies will establish a dedicated task force to oversee the rollout of the offer to use crypto for real estate payments. This group aims to focus on optimizing the customer experience and gathering feedback to refine the offering over time.

The long-term vision includes expanding the use of digital finance tools across IMKAN’s full range of projects, from residential developments to large-scale commercial properties.

“The UAE is rapidly emerging as a major crypto hub driven by the region’s welcoming regulatory environment and its proactive approach to supporting the digital asset sector. As one of the nation’s leading real estate developers, IMKAN is proud to play a decisive role in revolutionizing real estate transactions by embracing cryptocurrency for property investments. Together with Klickl, we are helping to ensure that the UAE will remain a leader and not a follower in digital currency proliferation,” said Engineer Suwaidan Al Dhaheri, CEO of IMKAN Properties.

A Strategic Initiative for Industry Advancement

As one of the major real estate players in the region to offer cryptocurrency in connection with payments, IMKAN is setting a precedent for others to follow. The collaboration with Klickl comes at a time when the UAE is solidifying its reputation as a global leader in financial innovation, supported by forward-thinking regulations and a favorable business environment.

“This collaboration demonstrates how blockchain and digital assets can bring real value to traditional industries,” said Zhao. “It’s not just about following trends; it’s about using these technologies to solve real-world challenges and unlock new opportunities. We see the potential for this model to reshape not only real estate but also other sectors where high-value transactions are common.”

About Klickl

Klickl is a premier Web 3.0 Open Finance platform based in the UAE, providing crypto-friendly banking and digital payment solutions as foundational infrastructure for the Web3 sector. Leveraging its own crypto infrastructure, global settlement systems, and partnerships with traditional banks, Klickl offers a comprehensive suite of services, including accounts, custody wallets, payments, settlements, on/off ramps, and trading within a distributed regulatory compliance framework. As the first to deploy a customer-focused risk model, Klickl addresses the unbanked challenge in crypto, empowering the next billion users to enter Web3. Headquartered in Abu Dhabi, with a primary focus on the Middle East and Africa, Klickl bridges digital and traditional finance by building a global stablecoin ecosystem aligned with regulatory standards.

For more information, users can visit www.klickl.com

About IMKAN Properties:

IMKAN, the leading global real master developer based in Abu Dhabi has earned its reputation with a portfolio of 26 projects spanning five countries across two continents. As a wholly-owned subsidiary of Abu Dhabi Capital Group, IMKAN prioritizes the creation of soulful places that enrich lives. This philosophy is driven by a unique research platform that empowers IMKAN to understand the needs and desires of its diverse customer base, ranging from millennials to discerning high-net-worth individuals.

Notable among its projects is IMKAN’s AlJurf masterplan, a 3.8 million sqm mixed-use development along a 1.6km coastline and 9km long canal front, all set within a preserved natural ecosystem between Abu Dhabi and Dubai. AlJurf is set to become a global health and wellness destination when the SHA Emirates Residences opens in 2026, with the third international SHA Wellness resort joining the flagship award-winning SHA Wellness Clinic in Spain. Other projects include Makers District on Al Reem Island, Abu Dhabi, an 18.6-hectare waterfront mixed-use development featuring Pixel, a cluster of seven residential towers; Nudra in Saadiyat Island, an exclusive beachside community; and Sheikha Fatima Park, Abu Dhabi’s first urban park.

With offices in Egypt and Morocco, IMKAN’s global presence includes major projects like the 500-hectare Alburouj development in Egypt. In Morocco, key projects include Le Carrousel Residences and the country’s first open-air shopping mall.

For more information, users can call 800 IMKAN or visit www.imkan.ae

Musk It: The next big meme coin with an unmatched connection to the Musk legacy 1158

Following a recent article in Fortune Magazine, Musk It has sparked speculation as the next breakout memecoin, driven by its undeniable ties to the Musk family. While Elon Musk has yet to officially endorse a token, history suggests that when he does, the results can be explosive. Could Musk It be the one to carry that legacy forward?

The Musk factor: Exploring Musk it’s connection to Elon

Elon Musk has made it clear that he’s a fan of memecoins, single-handedly pushing Dogecoin to unprecedented heights. While he hasn’t officially commented on Musk It yet, his father Errol Musk has embraced the project, and that connection alone fuels speculation that Elon and Kimbal could be paying attention. After all, if there’s one thing the crypto world knows, it’s that Elon moves markets—and anything remotely tied to his name has explosive potential.

Dogecoin started as a joke, then skyrocketed to a $60 billion market cap. Shiba Inu (SHIB) followed suit, peaking at $40 billion. Floki, PEPE, and countless others have turned early adopters into millionaires. What do they all have in common? A strong community, a compelling story, and viral potential.

Musk It has all three—and then some.

A Coin with Family Ties

Musk It is being positioned as the Musk family coin, and while Errol Musk has publicly endorsed it, the bigger question remains: Could Kimbal or Elon step in?

In December 2024, Errol Musk met with Kimbal Musk in Dubai, a meeting that has left crypto enthusiasts speculating whether Kimbal might take an interest in Musk It. Given Kimbal’s entrepreneurial spirit and past involvement in innovative projects, his potential endorsement could be a game-changer. And if Elon ever tweets about Musk It? That could be the catalyst that propels it to Doge-level dominance.

Risk-adjusted gains: Evaluating Musk it’s growth potential

Musk It stands at a $10 million market cap compared to Dogecoin’s $60 billion. That’s a massive risk-adjusted ratio—a potential 6000x upside if Musk It follows a similar trajectory.

For those looking for the next viral, community-driven crypto project, Musk It presents a unique opportunity. With undeniable ties to the Musk family and speculation swirling around potential future endorsements, the project continues to attract attention.

About Musk It

Musk It is more than just a meme coin—it’s a movement. A mindset that embodies taking bold action, breaking barriers, and achieving greatness.

Inspired by the revolutionary spirit of innovation and efficiency, Musk It represents the drive to do things better, challenge the status quo, and redefine success. With over 40,000 holders already holding Musk It, its expanding community reflects its growing presence.

Unlike traditional meme coin, which is meant only to embody an idea, Musk It is backed by the Musk Family and will serve as the official coin of Errol’s Musk Institute.

Musk It: the coin for those who don’t let anything stand in their way. Musk Family Endorsed and Approved.

Official Links
Website: https://www.muskit.io/
Telegram: https://t.me/JustMusk_It
X: https://x.com/JustMuskIt
Dexscreener: https://dexscreener.com/solana/Hd8LeEdJsspSJAJm15nmpFjQdntn1ZpBFV35ppRDrevE

Elastos Secures $20M Investment from Rollman Capital to Unlock Trillions in Bitcoin Finance 1170

Funding accelerates the development of Elastos’ ELA token, Native Bitcoin DeFi protocol, and Web3 data economy – positioning Elastos as the utility layer for Bitcoin.

Elastos, a decentralized web infrastructure pioneer, today announced a $20 million strategic investment from Rollman Management to scale its Bitcoin-aligned ecosystem. Rollman Management, recognized for its high-profile investments in blockchain projects like Ripple, Ethereum, Solana, and Planck, now ranks Elastos among its top five holdings. The partnership will fuel the launch of Elastos’ Native Bitcoin DeFi protocol, BeL2, expand its merge-mined ELA token as a Bitcoin reserve asset, and accelerate Elacity—a Web3 data marketplace that enables creators to monetize content without intermediaries on top.

With Bitcoin’s market cap surpassing $2 trillion, Elastos solves critical gaps in Bitcoin’s ecosystem:

  1. ELA as Bitcoin’s Merge-Mined Reserve Asset: ELA tokens have been secured by Bitcoin’s hash power through merge-mining since 2018, aligning with Satoshi Nakamoto’s 2010 vision for decentralized networks. With a total of 28,220,000 by 2105 and around 50% of Bitcoin’s hashrate, ELA gains security and decentralization, provides additional revenue for BTC miners at no extra cost, and creates a crypto economically sound reserve asset for Elastos’ Bitcoin-native DeFi system.
  2. BeL2: Bitcoin’s DeFi Breakthrough: Launching in Q2 2024, BeL2 allows Bitcoin holders to collateralize BTC in personal wallets and access Ethereum smart contract services. These include minting stablecoins, performing swaps, and borrowing assets peer-to-peer, unlocking its value all whilst eliminating reliance on synthetic BTC (e.g., WBTC) and centralized custodians. BeL2 combines locking scripts, zero-knowledge proofs, oracles, and an arbiter network where ELA stakeholders can stake ELA and earn BTC fees as decentralized nodes to support the protocol.
  3. Elacity: Web3’s Creator Revolution: Already proven in early tests, where one creator earned $5,600 in 24 hours through tokenized podcast access, Elacity v2 will launch in April with channels and subscription models. It enables influencers to encrypt, tokenize, and sell content/royalties on Elastos for audio and video markets, with plans to extend its technology to support the tokenization of AI markets.

“Leveraging Bitcoin’s trillion-dollar consensus to empower Web3 users with scalable utilities—that’s where Elastos comes in,” said Rong Chen, Elastos Founder. “Merge-mining ties ELA’s security to Bitcoin’s, and BeL2, Elastos’ decentralized finance protocol, unlocks BTC-backed DeFi without compromises, whilst Elacity creates a decentralized digital goods economy on top. Rollman’s investment supports our role as Bitcoin’s utility layer”.

The $20M investment from Rollman will drive the advancement of Elastos technologies and also help Elastos reorient its branding, mature its technological stance, and go to market. This includes enhancing marketing efforts, which will further position Elastos as a leader in the growing Bitcoin-native DeFi space.

Elastos as a Pioneer in Bitcoin-secured Governance

Beyond its technological advancements, Elastos stands out for its Cyber Republic Consensus (CRC) governance model, formalized as a DAO LLC in the Marshall Islands, which signed this agreement with Rollman. This delegate-based system allows community members to stake Bitcoin merge-mined ELA, earn APY, and annually elect—or run as—one of 12 council members who vote on proposals, drive innovation, sign contracts, and validate Elastos’ Smart (EVM) and Identity (DID) sidechains. This ensures governance decisions reflect the community’s interests and demonstrates Elastos’ commitment to a truly decentralized and transparent ecosystem rooted in Bitcoin.

As Elastos enters its next phase of growth, participants can join the ecosystems CRC DAO by acquiring merge-mined ELA, which has a market cap of $48,542,586 and is secured by nearly 50% of Bitcoin’s hashrate (366.01 EH/s, equivalent to 244.008 Frontier Supercomputers). ELA offers 6+ years of proven security, a fixed cap of 28.22M tokens to be fully mined by 2105, and 3.29% emissions via its Essentials Wallet, ensuring scarcity and predictability for holders. Available on Centralized Exchanges (Coinbase, KuCoin, Gate.io, Huobi, Bitget, Crypto.com) and Decentralized Exchanges (Uniswap, Chainge Finance, Glide Finance), ELA empowers holders to shape Elastos’ future through CRC governance—driving innovation, reinforcing Bitcoin-level security, and building the next generation of decentralized applications.

About Elastos

Elastos is a SmartWeb ecosystem builder focused on enabling decentralized application creation and cross-chain connectivity. Built on top of Bitcoin merge-mining, Elastos relies on the security of the world’s largest public blockchain and extends it with additional layers. The introduction of BeL2 and its Arbiter Network marks Elastos’ latest effort to advance a more open, clear, and trustless global financial system.

Website: Elastos.info
X/Twitter: @ElastosInfo

About Rollman Management Digital

Rollman Management Digital is a private investment and management consulting boutique that is incorporated in the British Virgin Islands. The firm seeks to invest in talented teams and their blockchain protocols to further develop their technology and business while adding significant value to the future of the modern economy.

RMD is led by Victor R. Ch. Rollman, the founder of Rollman Capital, Rollman Mining, and Rollman Management. The Group offers a wide range of investment opportunities, financial services, and management consultancy to UHNWIs, entrepreneurs, developing governments, commodity trading firms, banks, family offices, and pension funds.

Website: https://rollmanmanagement.com/

LayerAI Becomes the First Crypto Asset to Integrate DeepSeek on the Blockchain 1230

LayerAI, a leading innovator in AI and blockchain technologies, has announced the integration of DeepSeek’s advanced models, DeepSeek-V3 and DeepSeek-Coder-V2, into its platform. This collaboration aims to elevate the capabilities of LayerAI’s offerings in AI-assisted coding, natural language processing, and interactive learning modules.

Key Integration Highlights:

  • Advanced Model Deployment: By incorporating DeepSeek-V3 and DeepSeek-Coder-V2, LayerAI enhances its platform’s language understanding and coding capabilities. This integration supports applications such as code generation, debugging, and various natural language processing tasks.
  • Enhanced Coding Assistance: DeepSeek-Coder-V2’s support for 338 programming languages and a context length of 128K tokens enables LayerAI to provide users with sophisticated code generation and debugging tools, facilitating the development of complex code structures.
  • Efficient Performance: Leveraging DeepSeek’s Multi-head Latent Attention (MLA) and DeepSeekMoE architecture, LayerAI improves performance in processing extensive data sets and long-context scenarios, crucial for AI-assisted coding tasks.
  • Interactive Learning Modules: The integration of DeepSeek-V3 allows LayerAI to offer advanced interactive learning experiences, providing real-time feedback and explanations of complex coding concepts to users.
  • Community Collaboration Enhancements: With DeepSeek’s compatibility with platforms like GitHub, LayerAI fosters improved collaboration through seamless version control and AI-enhanced code review processes.
  • Customized Model Fine-Tuning: LayerAI fine-tunes DeepSeek models to cater to specific use cases within its platform, such as specialized coding environments or domain-specific language understanding.

This strategic integration underscores LayerAI’s commitment to delivering cutting-edge AI-driven tools for coding, learning, and collaboration. By harnessing DeepSeek’s state-of-the-art models, LayerAI continues to provide users with innovative solutions that drive productivity and efficiency.

About LayerAI

LayerAI is dedicated to advancing the AI economy through its comprehensive ecosystem, which includes a Layer-2 blockchain, LayerVPN, KyotoX, and the LayerAI data economy app. The company focuses on establishing data as an emerging asset class, contributing significantly to the global AI landscape.

TradePort Stores Move Chain-based Data on Walrus 1277

TradePort, a multichain NFT marketplace, announced it will utilize Walrus, the decentralized data storage application developed by Mysten Labs, in order to store metadata for all its Move-based ecosystem NFT projects. As the largest NFT marketplace on Sui, TradePort streamlines and enhances NFT trading across multiple blockchain networks, which currently include Sui, Aptos, NEAR, Movement, and Stacks.

Walrus Protocol, which launched its Testnet in October of 2024, stores and delivers large unstructured data files, including rich media content, audio files, video, images, and PDFs, from any Web2 or Web3-based source. These large files, known as blobs, are stored quickly and efficiently by Walrus, whose storage is resilient, scalable, programmable, and secure. Walrus’s public Testnet and its forthcoming Mainnet are served by Sui as the coordination layer.

“Initially, decentralized storage may sound like a concept you’ve heard of before,” said George Danezis, Chief Scientist and Co-Founder of Mysten Labs. “But on a smart contract platform like Sui, storage is capable of logic and programmability, which is a complete game-changer.”

“Object-based NFTs rise far above what the NFTs of the 2022 boom were able to achieve,” said Daniel Fritsche, Co-Founder of TradePort. “Thanks to their innate structure, Sui and other Move chains enable dynamic and composable NFTs, which dramatically open up the possibilities of NFT use cases. Add in programmable storage, and the attached NFT metadata becomes just as dynamic and responsive. This is only possible on a performant storage network like Walrus.”

In addition to existing NFT metadata, all data from TradePort’s NFT collections released via their launchpad will be stored on Walrus.

TradePort will be one of the first partners to store data on Walrus Mainnet, which will be launched in the near future.

Users who are interested in learning more about Walrus can visit Walrus.xyz.

Ethiax Successfully Obtains MSB License Certification, Strengthening Global Compliance and Platform Strength 1278

As one of the leading digital currency trading platforms globally, Ethiax recently announced that it has successfully obtained the U.S. MSB (Money Services Business) license certification, marking a significant step forward in the platform’s global compliance and financial regulation. This certification not only enhances Ethiax’s legitimate operational status in the global market but also provides users worldwide with a safer, more transparent, and compliant trading environment.

As a digital currency trading platform operating globally, Ethiax has always been committed to strictly adhering to global financial regulatory requirements, particularly in areas such as anti-money laundering (AML), counter-terrorism financing (CFT), and customer identity verification (KYC). By obtaining the U.S. MSB license, Ethiax has reaffirmed its leading compliance position in the industry, now meeting the stringent financial regulatory standards of the U.S. and several other international markets.

Rebecca Lee, Chief Compliance Officer of Ethiax, stated: “Obtaining the U.S. MSB license is an important milestone for the compliance of the Ethiax platform, marking our expanding influence in the global financial market. We firmly believe that compliance and security are the cornerstones of the platform’s development. With this certification, we have not only enhanced the platform’s compliance assurances but also provided a more reliable and trustworthy trading experience for users around the world.”

In the digital currency industry, compliance is a key factor in gaining user trust. As governments and regulatory bodies worldwide increase their regulatory requirements for the digital currency market, Ethiax has fully implemented global compliance policies to ensure the safety of every user’s funds and eliminate risks of illegal transactions. Notably, in areas like anti-money laundering and counter-terrorism financing, Ethiax has executed strict review mechanisms to ensure that trading activities on the platform fully comply with international regulations.

Furthermore, after obtaining the MSB license, Ethiax has further enhanced the trading transparency and security of its platform. The platform’s new trading monitoring system can track every transaction in real-time, ensuring compliance with global standards. Additionally, Ethiax has launched efficient risk management tools to help users make safer investment decisions in the volatile digital currency market.

Sarah Wang, Chief Technology Officer of Ethiax, commented: “As a global digital currency trading platform, our core mission is to provide users with a safe, transparent, and compliant trading environment. Obtaining the U.S. MSB license is just one part of our compliance strategy; we will continue to focus on enhancing the platform’s security and transparency through innovative technologies and strict compliance measures, ensuring that every user enjoys the highest level of protection on the Ethiax platform.”

With its robust technological capabilities and outstanding compliance management, Ethiax has gained legitimate operational qualifications in several key global markets, becoming the preferred platform for an increasing number of institutional investors and individual users. The platform not only supports efficient liquidity between digital currencies and fiat currencies but also offers a range of customized services for institutional investors, including block trading, asset custody, and risk management, to meet their diverse needs.

Ethiax will continue to promote the compliance process within the digital currency industry, maintaining a global perspective while continually enhancing the platform’s security and technological innovation to address increasingly complex market demands. By continuously optimizing its compliance framework, Ethiax aims to play a greater role in the global digital currency market, ensuring that users worldwide can engage in efficient trading on a compliant, safe, and transparent platform.

As global regulatory scrutiny of the digital currency industry intensifies, Ethiax’s ongoing innovations and strict enforcement in compliance make it one of the most trusted trading platforms in the global digital currency market. The successful acquisition of the U.S. MSB license will undoubtedly further consolidate its leadership position in the global market, providing users with high-quality, safe, and compliant digital currency trading services.

Website: https://main.ethiax.com/