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Cardano founder Charles Hoskinson unveiled a bold proposal aimed at strengthening the Cardano ecosystem’s stablecoin liquidity. Responding to a user’s request for more stablecoin options, Hoskinson floated the idea of converting $100 million worth of ADA—around 100 million tokens—from the network’s treasury into USDM, Cardano’s fiat-backed stablecoin. The Cardano treasury currently holds approximately 1.7 billion…
Cardano (ADA) is trading at $0.6833, caught in a fierce battle between bullish optimism and bearish pressure. The altcoin remains in a tight consolidation zone, setting the stage for an imminent breakout or a sharp correction. Key Support and Resistance Levels Across Timeframes 4-Hour Chart Daily Chart Weekly Chart Monthly Chart Market Signals & Technical…
Cardano (ADA) has been trapped in a tight consolidation for over a week, struggling to gain upward momentum. However, improving market sentiment could offer the push needed for ADA to break out and resume its bullish trajectory. Technical Analysis and Price Action According to AMBCrypto’s latest analysis, ADA has been moving within a narrow range…
Cardano (ADA) has experienced a significant shift in market dynamics over the past week, as large investors, or “whales,” offloaded over 100 million ADA. This massive sell-off has sparked concerns among traders, especially given ADA’s sluggish price response despite increased retail participation. Whale Activity and Market Impact On-chain data indicates that addresses holding between 1…
Grayscale Investments, a leading digital asset management firm, has ramped up its focus on Cardano (ADA), signaling a significant shift in institutional interest. The firm has not only accumulated substantial ADA holdings but has also filed for a spot Cardano Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC). If approved, this ETF…
Cardano (ADA) is showing signs of a potential rebound as its funding rate edges into positive territory after nearly a week in the negative zone. This shift suggests a change in trader sentiment, sparking optimism among investors. Cardano’s Recovery Gains Momentum ADA is currently trading at $0.80 after a sharp 16.8% decline over the past…
The world’s largest state-owned IT company is joining forces with Cardano in a move that could revolutionize government use of blockchain technology. Brazil’s Federal Data Processing Service (SERPRO) has announced a strategic partnership with the Cardano Foundation, marking a significant step toward large-scale blockchain adoption. But will this partnership be enough to propel Cardano’s ADA…
Over the past 72 hours, large-scale investors, commonly referred to as whales, have accumulated more than 130 million Cardano (ADA) tokens. This massive buying activity underscores growing confidence among institutional and high-net-worth investors in ADA’s long-term potential. Whale accumulation is widely considered a bullish signal, as these investors often rely on extensive market research and…
Cardano (ADA) has struggled to regain bullish momentum after facing rejection at $1.23 on Jan. 20. Despite an initial rally above $1, the cryptocurrency has since been confined within a descending channel, signaling a potential continuation of the downtrend. ADA’s Technical Challenges A descending channel, characterized by lower highs and lower lows, has formed on…
Cardano founder Charles Hoskinson has unveiled a groundbreaking vision for Bitcoin’s integration into decentralized finance (DeFi). Speaking on the Mr. M Podcast alongside early Bitcoin adopter Davinci Jeremie, Hoskinson outlined how Bitcoin holders could access DeFi opportunities without leaving the Bitcoin ecosystem. Bitcoin DeFi: A Sleeping Giant Hoskinson highlighted the immense potential of Bitcoin DeFi,…