Strike, operating as Zap Solutions, Inc., has received a virtual currency license and a money transmitter license from the New York State Department of Financial Services (NYDFS). This BitLicense authorization allows the firm to offer its full suite of Bitcoin services to New York residents and businesses. Founder and CEO Jack Mallers hailed the approval as a "defining milestone." The license enables users in New York to make spot purchases, set up recurring buys, convert paychecks to Bitcoin, pay bills with crypto, and withdraw to self-custody wallets.
Meanwhile, the news highlights two upcoming crypto presales positioning themselves as superior alternatives to investing in Cardano (ADA). DeepSnitch AI ($DSNT) is racing toward its public market debut on March 31st. The project is described as an intelligence and security protocol with a user-friendly console. Its staking contracts have locked over 41 million tokens, creating scarcity ahead of the launch. A promotional code (DSNTVIP150) offers a 150% bonus on token purchases during the presale.
Separately, the Pepeto project is also in presale, having raised over $7.5 million. It is building cross-chain exchange infrastructure, including a bridge and zero-tax trading engine, led by a co-founder associated with the Pepe meme coin. The presale price is $0.000000186, with claims of a potential 267x return upon listing. The project offers a 204% annual yield and has been audited by SolidProof.
These developments are set against a bearish backdrop for Cardano. ADA is trading around $0.25-$0.27, below its 200-day Simple Moving Average of $0.5046, and struggling to hold its 50-day SMA of $0.3083. On-chain data shows a neutral 14-day RSI of 45.38 and a lack of retail buying pressure. Whales have reportedly dumped 230 million ADA tokens since late February. A key support level is identified at $0.25, with resistance at $0.30.
In a positive adoption note, Swiss supermarket chain Spar now accepts ADA payments across 137 stores via DFX.swiss, reportedly reducing merchant fees by two-thirds. However, the article argues this real-world use has not translated into price recovery for Cardano. The news concludes by positioning the DeepSnitch AI and Pepeto presales as high-potential opportunities compared to the modest gains projected for ADA.
