While the rest of the market stays still, Cardano (ADA), the fourth-largest cryptocurrency by market cap, increased by 11% in price on Sunday morning to $1.64, according to data from metrics site Nomics.
At its current price, Cardano is reemerging to prices observed on Wednesday, when ADA reached as high as $1.77. ADA is still far off its all-time high of $2.46, which the project achieved two weeks ago on May 16.
On Friday, Cardano started rolling out its Alonzo testnet. The update, named after math and computer scientist Alonzo Church, adds smart contracts to the blockchain, meaning that Cardano is resolutely on the way to integrating decentralized applications to its blockchain. The Alonzo mainnet is expected to go live by the end of August.
“The most critical engineering path, integration path, coordination path, and community path are for the next 90 days,” said Cardano founder Charles Hoskinson in one of his many YouTube updates earlier this week. source

XRP's price has passed $1 after increasing by 12% during the last 24 hours. The move up is part of a wider increase for the cryptocurrency, which has risen by 26% during the last seven days.
Today’s price % surge comes hot on the heels of a legal win for Ripple in its ongoing court battle with the U.S. Securities and Exchange Commission. Ripple successfully prevented the SEC from accessing certain legal records—documents that detailed legal advice the firm sought or received about XRP’s status as a security.
Ripple’s ongoing feud with the SEC
Ripple has been embroiled in a court case with the SEC ever since the regulatory body sued the firm in December of last year, claiming that Ripple sold $1.3 billion worth of XRP in ongoing unregistered securities offerings. Ripple has consistently denied the SEC’s allegations, and in recent weeks has scored a number of victories in court against the regulator.
In April, Ripple was successful in a discovery motion that forced the SEC to reveal documents related to its internal thinking on cryptocurrencies like Bitcoin. Days later, Ripple scored another win, when the court ruled Ripple did not have to hand over financial records belonging to CEO Brad Garlinghouse. Source

Ethereum dipped below the major support level of $2,000 for the first time since May 19 at 9:15 a.m. UTC on the Bistamp exchange.   
Prior to that, Moskovski Capital CIO Lex Moskovski noted that the cryptocurrency had recorded its biggest exchange inflows, with $445 million worth of ETH being deposited to trading platforms in mere 10 minutes. This, of course, was the harbinger of growing selling pressure.Ethereum is currently down 54 percent from its all-time high that was reached just 11 days ago. 
The largest altcoin is also losing ground against Bitcoin, with the ETH/BTC pair shedding nearly 30 percent since its May 15 peak.     
Yet, Bitcoin is still up 180 percent in 2021, far outperforming the crypto king. Source

After the price of DOGE surged to 0.4358 on “DogeDay,” it corrected to just under 0.27. As of writing, DOGE is trading around $0.314 with a market cap of $38.75 billion. At one point, Dogecoin’s market cap became bigger than that of Ford Motor Co. and Kraft Heinz Co. -- and nearly equal to Twitter Inc. Amidst this price action, Robinhood lowered the minimum order size from 10 DOGE to 1 DOGE. At the same time, the minimum order size for both Bitcoin and Ether has also lowered to 0.000001 BTC and 0.0001 ETH, both worth less than a dollar, to make it “easier for anybody to invest in crypto.” During the celebration of the day known for pot-smoking, Dave Portnoy also jumped on the Shiba Inu-themed token amidst the frenzy created by social media. But much like Bitcoin, Portnoy just can’t resist buying the local top of DOGE either and bought $25k worth of it. https://twitter.com/stoolpresidente/status/1384500364901289985 According to Mike McGlone of Bloomberg, this annoying frenzy is the result of a “perfect storm” of pandemic lock-ups, investors' ability to speculate around the clock — crypto runs 24/7 unlike the traditional market — and lots of cash in the system. As we have seen, the younger generation has been using TikTok to push DOGE to the moon and is determined to take it to $1 or even higher. “There’s a tribe of investors, many of them millennials, who see it as a cause, a movement,” said Antoni Trenchev, the co-founder of crypto-lending firm Nexo. “Dogecoin is symptomatic of the zeitgeist happening before our very eyes.” However, the biggest issue with DOGE is the concentration of its supply and its emission rate. https://twitter.com/alistairmilne/status/1384619437228281867 As we reported, a handful of addresses own the majority of the DOGE. According to Bitinfocharts, one address has 28.5% of the coin supply. Moreover, the cryptocurrency that started with 100 billion coins in circulation has annual inflation of 5 billion coins each year, which means about 13.7 million coins are being added to the market each day. As of writing, 130 billion DOGE are in circulation, up from just over 66 billion in April 2014. Source

Hudson Jameson, one of the best-known faces of Ethereum, is stepping down from his role at the Ethereum Foundation, the nonprofit organization that helps shepherd the blockchain’s growth.
Jameson, a software developer and engineer who grew into a role as Ethereum’s unofficial communicator-in-chief (the Ethereum Foundation isn’t big on titles), joined the foundation in June 2016, back when a single ETH sold for under $20. It’s now valued above $2,400.
“The Ethereum Foundation is an incredibly special place to work & I was blown away when Ming (former ED at the EF) asked if I wanted a job!” tweeted Jameson. “Now, after nearly 5 years at the EF, it’s time to create new chapters in my life.”
From late 2016 through February 2021, Jameson was most visible as the moderator of Ethereum’s biweekly All Core Devs meeting, during which developers of different Ethereum software clients and research projects would discuss improvements to the blockchain, including the building of Ethereum 2.0—a proof-of-stake network that will make Ethereum more powerful, cheaper, and less energy-intensive. Source

Commercial real estate company WeWork now accepts bitcoin and other cryptocurrencies for payments.
Announcing the news on Tuesday, WeWork said it has partnered with BitPay and will also accept ether and stablecoins USDC and PAX for payments.
Coinbase has become WeWork’s first client to pay in cryptocurrency. It is not clear which cryptocurrency Coinbase will pay. The Block has reached out to WeWork and will update this story should we hear back.
WeWork will also pay its landlords and third-party partners in cryptocurrencies through Coinbase.
"WeWork has always been at the forefront of innovative technologies, finding new ways to support our members. It only makes sense for us to expand on the optionality we provide by adding cryptocurrency as an accepted form of payment for our members," said WeWork CEO Sandeep Mathrani. Source

Bitcoin price on Sunday fell by nearly 10% reaching sub $54K levels and later recovered up to $57K on Monday before facing another wave of corrections leading to $54K levels again. While many analysts have pointed towards the recent sharp drop in network hashrate due to a power outage in China being the reason for the price drop, others suggest the drop was nothing out of the blue as Bitcoin price has registered a sharp correction up to 25% after every new ATH.
The Sunday price correction led to record liquidation of high-leverage long positions in upward of $4 billion. The liquidation spree started a war of words on the reason behind the sell-off giving rise to the Hashrate FUD, where many analysts claimed the drop of nearly 40% was the main reason behind the price correction, while others pointed towards the fact that power outage happened on April 15 and e even though did record a sharp correction it was only around 15-20% from its ATH. Source

The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq.
However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct.Meanwhile, the $60,000 level is an important price point for Bitcoin because it took roughly a month for BTC to break out above it.
Hence, it is important for Bitcoin to hold the $60,000 area to maintain the bullish market structure heading into next week. Source