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Hugo Philion has taken a direct shot at Cardano, arguing that the network has failed to deliver on its DeFi ambitions despite its early start. Responding to recent claims by Charles Hoskinson around Bitcoin DeFi, Philion said Cardano has not been able to match Flare's execution.

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XRP price pushed above the key $1.40 resistance level on Wednesday as improving market sentiment and strengthening technical signals supported a broader recovery across the crypto market. According to data from crypto.news, XRP (XRP) price was trading near $1.

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Bitcoin briefly surged above $82,000 on May 6 after reports of a possible agreement between the United States and Iran triggered a sharp move above the key psychological level.

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The cryptocurrency market has continued its excellent start to the week as Bitcoin hit the $82,000 mark earlier today. Altcoins are recording even bigger gains, with Solana the best performer among the top 10 cryptocurrencies by market cap. SOL has tapped the $89 resistance level at press time on Wednesday, maintaining an upward trend so far this week. Retail confidence is rising, leading to increased activity in SOL futures, while steady inflows into SOL-focused Exchange Traded Funds (ETFs) reflect institutional support. Momentum indicators support SOL's breakout towards the $100 psychological level in the near term. Solana regains institutional support SOL is currently up by more than 5% and could rally higher in the near term.