In the US, they again insist on the regulation of the crypto market, and Cardano can rise in price several times due to successful hard fork

Warren again insists on the need to regulate the crypto market

The collapse of the crypto market and disruptions on the BTC exchanges indicate the need for regulation of this area by the SEC. This opinion was voiced by US Senator Elizabeth Warren.

“In a matter of hours, the $400 billion in market value simply evaporated,” the senator said.

The politician cited the example of a notional retail investor who lost his money when the market went down. According to her version, he could invest right before the collapse and then take his investments. However, crypto platforms like Coinbase were not available.

Crypto project raised $22.8 million

The dTrade crypto derivatives platform based on Polkadot raised $22.8 million. The participants in the transaction were Polychain and Alameda together with Hypersphere, DeFiance, CMS, Divergence, MGNR, Altonomy.

The received financing is intended for lending to market makers (MM), who will provide liquidity to the exchange order books. Representatives of the project claim that they have already secured the support of “the largest MM in the crypto industry.”

“Market makers are market participants who place orders to buy and sell certain traded assets. MM provide efficient markets by allowing traders to smoothly open and close positions at near fair prices,” the statement said.

Cardano can rise in price several times due to a successful hard fork

The cost of Cardano can grow 3–5 times, says Nikita Soshnikov, CEO of Alfacash. He believes that more and more DeFi projects will appear on the network. This will have a positive effect on the liquidity flow.

“It is difficult even to predict the timing of when such a leap is possible because it is not clear which projects will start working on the Cardano blockchain and how much they will be in demand by users,” the expert noted.

He also suggested that Cardano has the potential to rise in price to $6. That is, the crypto coin can grow by 150% from the current levels.