The Maldives, famous for turquoise waters and honeymooners, suddenly wants to swap sunbathers for blockchain billionaires.
Bitcoin Builds Momentum Toward $100K as On-Chain Activity Surges
Bitcoin’s recent rally to the $87,500–$97,500 range is backed by a spike in active addresses—now at a 6-month high—pointing to rising demand and renewed network activity.
This surge supports a bullish case for a potential breakout toward $100K, though confirmation depends on multiple indicators aligning.
Sustained ETF inflows, low exchange netflows, and stable funding rates will be crucial to validate the uptrend.
Traders should also keep an eye on macro conditions, Bitcoin dominance, currently nearing the 55% mark, and rising hash rates.
Meanwhile, Ethereum trades in a narrower $1,600–$1,900 range, still lagging behind BTC’s momentum, with sentiment more muted amid fewer catalysts and cautious capital rotation into altcoins.
Ryan Lee, Chief Analyst at Bitget Research
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
VanEck Pushes for First U.S. BNB ETF as Altcoin Filings Grow
Asset manager VanEck submitted an application to the U.S. Securities and Exchange Commission (SEC) to list a spot BNB ETF.
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Dogecoin Price Pattern Signals Possible $0.80 Surge by August
A technical analyst on Crypto X highlighted a Dogecoin price chart setup that may indicate a major move. On April 30, Trader Tardigrade shared that Dogecoin recently bounced from a swing high support level. The analyst said,
“[Dogecoin] consistently finds support at previous swing highs.”
This swing high support level also appeared in Q3 2023, when Dogecoin reversed after touching a similar level. After the rebound, DOGE moved to the upper resistance zone of its long-term trend channel. The chart posted by Trader Tardigrade now shows a repeat of that same pattern.
DOGE chart data places the support zone around the Q4 2023 highs. The latest bounce happened at that level in April. This structure lines up with previous patterns and may suggest the end of the recent pullback. The analyst added,
“[DOGE] may have completed its pullback and could surge again soon.”
Dogecoin Price Moves Follow Multi-Year Trend Channel
Dogecoin price has moved inside a broad ascending channel for years. Each time the price touched the lower support band, it later rallied toward the upper range. In December 2024, Dogecoin hit $0.46. That rally followed a similar rebound from swing high support earlier that year.
In the recent setup, the price reacted similarly at the same level. April’s bounce aligned with the bottom of the DOGE trend channel. Past recoveries from this level have reached much higher. Trader Tardigrade’s DOGE chart suggests a possible return to the top band.
If Dogecoin continues along this trend, the $0.80 target could be reached before August 2025. This price sits near the upper line of the long-term DOGE chart channel. However, the chart post did not confirm whether this move is certain or how fast it could occur.
The multi-year pattern shows higher highs and higher lows. The recent movement fits this technical behavior. DOGE remains within this structured trend, which traders have followed since early 2021.
DOGE Breakout Could Affect Wider Altcoin Markets
The Dogecoin technical analysis sparked discussion among other traders. Muro Crypto, a Bitcoin analyst, commented on DOGE’s position in altcoin cycles. He posted,
“Once DOGE starts pumping, it would be the official signal for a legit altseason.”
This statement refers to how Dogecoin price moves often coincide with broader market shifts. During previous altcoin rallies, DOGE was among the first coins to rise. In Spring 2021 and Winter 2024, sharp Dogecoin breakouts preceded gains in other cryptocurrencies.
DOGE August prediction trends on Crypto X due to this recurring behavior. Technical analysts now watch the Dogecoin chart to track its place in market cycles. The DOGE breakout structure shown on the April 30 post added to that interest.
For now, the price trades below the $0.80 target. However, the swing high support zone and trend channel structure remain visible on charts. These chart signals will likely guide further Dogecoin technical analysis in the coming months.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Maldives Strikes $9 Billion Deal With MBS Global to Build Crypto Hub in Malé
The Maldives signed a $9 billion agreement with MBS Global Investments to develop a major crypto and blockchain hub. The Dubai-based family office will lead the project in Malé, the capital city.
The deal was finalized on May 4, 2025, according to a Financial Times report. It marks the Maldives’ largest known development project to date. Officials aim to use the Maldives crypto hub to attract foreign capital and reduce dependence on tourism and fisheries.
The planned development is called the Maldives International Financial Centre. It will cover 830,000 square meters and employ up to 16,000 people. Project completion is expected in five years.
Maldives Crypto Hub to Support Economic Diversification
Government officials stated that the Maldives Web3 project is part of a strategy to shift the country’s economy. The Maldives currently depends on tourism and fishing, which are sensitive to global disruptions. The Maldives crypto hub is designed to attract direct investment in blockchain and crypto sectors.
The $9 billion crypto deal exceeds the country’s gross domestic product (GDP), which stands at $7 billion. Despite the scale, no full financing breakdown has been released.
The government did not publish specific terms on how the Maldives blockchain hub will be regulated. No announcements were made regarding token services, trading platforms, or crypto infrastructure within the project.
MBS Global Investments to Develop Maldives Web3 Project
MBS Global Investments will lead the construction and planning of the Maldives crypto hub. The company is based in Dubai, where multiple blockchain-related projects have been launched under government support.
No quotes were shared by MBS Global in the Financial Times report. No further statements were issued by the Maldivian government about investor protections, crypto licenses, or digital asset oversight.
Officials have not outlined whether the Malé blockchain center will offer exchange services or host blockchain startups.
Other Global Blockchain Hubs Already Active
The Maldives Web3 project enters a sector with active competition. Dubai, Singapore, and Hong Kong already host large blockchain ecosystems.
Dubai’s Land Department and Virtual Assets Regulatory Authority signed an agreement on April 6, 2025. The deal linked Dubai’s land registry to blockchain systems to support real estate tokenization.
In Hong Kong, regulatory programs have attracted over 100 Web3 and fintech companies. Ivan Ivanov, global CEO of WOW Summit, said the city functions as a “regulatory sandbox” between China and the West.
Singapore also houses multiple Web3 companies and crypto exchanges. The Monetary Authority of Singapore manages a balanced approach by allowing blockchain experimentation under clear rules.
Project Timeline and Key Details
The Maldives International Financial Centre will be based in Malé. The government has not disclosed whether the land is state-owned or leased. Construction plans and approval phases have not yet been published.
The $9 billion crypto deal is one of the most expensive investments in the country’s history. Officials have not confirmed whether the Maldives will issue sovereign digital assets or tokens related to the development.
As of now, no public announcements have been made about partnerships with other governments, fintech firms, or crypto developers in the Maldives.
The Maldives crypto hub remains in the early planning phase, with full funding details and implementation strategies yet to be released.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
