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Explore the key highlights from BlockDAG’s third keynote — the launch of the Beta Testnet, confirmed audits, and a presale that has amassed $209.5 million. Also, catch up on Ethereum’s price as it tests resistance and Tether’s latest expansion news.
Ethereum is gradually recovering after hitting support around the $1,980 mark, with attention now shifting to whether the price can break the resistance barrier at $2,050. As market participants monitor this trend, they are also focusing on developments with Tether, which has been making headlines with a €10 million investment in an Italian media company—suggesting a wider strategy beyond just the crypto realm.
However, the standout project this week is undoubtedly BlockDAG (BDAG). The latest keynote, released on Friday, provided solid evidence of the team’s ongoing commitments. The Beta Testnet is now officially operational: faster, improved, and already facilitating dApps. In addition, adoption metrics continue to rise, and the presale has exceeded $209.5 million to date, clearly affirming to stakeholders that progress is not merely promised but actively unfolding.
Will Ethereum surpass the $2,050 barrier?
The price of Ethereum (ETH) is on a recovery path after testing support at approximately $1,980. While it briefly fell below $2,000, it has rebounded and is currently trading just under $2,040. Strong resistance is building around the $2,050 and $2,100 levels, with a bearish trend line indicating potential difficulties ahead.
If momentum pushes it beyond $2,100, Ethereum could aim for $2,150 or above. Conversely, if it fails to break resistance, a retreat back to $1,980 or lower may occur, with $1,920 and $1,880 serving as extra support levels in the near term.
Tether has recently announced a €10 million investment to secure a 30% ownership stake in the Italian media entity ‘Be Water.’ This acquisition also includes indirect stakes in media outlets such as Chora Media, Will Media, and Be Water Film, which are known for their podcast and video production work.
This investment reflects Tether’s strategy to expand its presence beyond just digital currencies, potentially enhancing its influence in the global media landscape. As more information emerges regarding this investment, it will be interesting to see how this media engagement aligns with the company’s broader strategic goals.
BlockDAG’s third keynote delivers a strong message: BDAG is set for success
BlockDAG’s third keynote made it evident: the project is moving into a new phase focused on delivery. A significant highlight was the early announcement of Beta Testnet V1, which is now live and operating at twice the speed of its alpha version. This beta release, featuring enhancements such as an improved explorer, a token and NFT creation tool, and various functional dApps, signifies a shift from theoretical testing to practical application.
Keynote speakers elaborated on how BlockDAG’s unique structure, utilizing DAG architecture and Proof-of-Work, facilitates high throughput by enabling multiple miners to validate simultaneously, thus mitigating congestion without sacrificing decentralization.
Security was also a key focus during the keynote. It confirmed successful audits from Halborn and CertiK while outlining additional protective measures, including institutional-grade MPC fund custody and fault-tolerant systems designed to endure attacks and service interruptions. As Chief Security Officer Youssef Khaoulaj stated, “Security encompasses much more than just the code; it involves the people and processes that drive our ecosystem.”
In addition to these technical advancements, the keynote highlighted growing user participation: over 800,000 users are mining via the X1 Miner App, more than 400,000 on the Tap Miner game, and over 10,000 ASIC miners expected to be deployed by the time the mainnet launches.
The keynote’s most striking takeaway may lie in the figures. Thus far, BlockDAG has raised $209.5 million through its presale, all without any venture capital involvement. Over 19 billion BDAG tokens have been sold, with prices soaring 2380% to $0.0248 in batch 27.
This impressive growth has caught attention, positioning BlockDAG among the top crypto performers today, and hinting at what’s to come as the presale progresses toward its $600 million target.
Conclusion
Ethereum is approaching a crucial technical breakout, and if it manages to overcome resistance, a stronger upward move could ensue. At the same time, Tether is quietly pivoting, with its latest investment indicating aspirations that extend well beyond stablecoins.
Nevertheless, the real momentum builder at the moment is BlockDAG. The third keynote didn’t just introduce the live Beta Testnet; it presented confirmed audits, real-time user statistics, and a developer roadmap filled with grants, hackathons, and educational resources. This level of achievement has driven a notable surge in demand, bringing the presale total to $209.5 million, and counting.
At just $0.0248, BDAG continues to provide a low entry point relative to its anticipated value, and as analysts rank it among the top crypto gainers, it is rapidly becoming the asset that investors don’t want to overlook.
To discover more about BlockDAG, visit its website, presale, Telegram, and Discord.
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