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Cardano News
Crypto-News-Flash
6h
201
Image Credit: Crypto-News-Flash
Cardano Unveils Reeve—Secure, Cost-Efficient Financial Reporting Built On-Chain
- Cardano has launched Reeve, a financial reporting tool built on its blockchain to provide secure, tamper-proof financial data, targeting enterprises for improved transparency and compliance.
- Reeve aims to address weaknesses in conventional financial platforms such as vulnerability to fraud, isolated databases, and human errors by offering secure and verifiable records that bridge enterprise infrastructure with blockchain.
- The tool is particularly beneficial for NGOs, public institutions, and ESG-oriented businesses, enabling them to record financial disclosures directly on-chain for audit without third-party reliance, ensuring real-time verification and long-term report reliability.
- The announcement of Reeve has driven optimism in Cardano's ADA token price, with a 3.24% gain over 24 hours and a 6.67% rise in the last seven days; technical indicators suggest a possible breakout above $0.6053 for further upside potential.
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Bitcoinist
1d
97
Image Credit: Bitcoinist
Cardano Pulled Out Of El Salvador Deal, Hoskinson Claims
- Charles Hoskinson, founder of Cardano and CEO of Input Output Global (IOG), revealed that Cardano passed on a potential deal with El Salvador due to legal and geopolitical concerns.
- The deal involved a proposed airdrop that would have included individuals on international sanctions lists, such as the MS-13 criminal gang.
- Hoskinson highlighted that distributing tokens to sanctioned individuals could violate US federal law, particularly OFAC sanctions, leading to legal consequences.
- The decision to reject the deal sheds light on a controversial aspect of El Salvador's Bitcoin strategy and adds a new dimension to the country's crypto partnerships.
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5 Likes
Bitcoinist
2d
352
Image Credit: Bitcoinist
Cardano Is In Touch With Circle And Tether, Says Hoskinson
- Charles Hoskinson addresses the narrative that Cardano lacks USDC and Tether support due to strained relations or refusal to pay integration fees.
- Hoskinson explains that Cardano's engagement with Circle and Tether is ongoing but contingent on network maturity and leverage.
- The absence of USDC and USDT on Cardano is attributed to market dynamics, value distribution, and the need for significant pre-minted issuance from founding entities.
- Hoskinson emphasizes the importance of building internal capacity within Cardano's DeFi ecosystem and hints at potential for Bitcoin DeFi integration to attract stablecoin providers.
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21 Likes
Bitcoinist
2d
307
Image Credit: Bitcoinist
Cardano Price Shows Seller Exhaustion Above $0.57 — Bullish Divergence Signals Rally
- Cardano has experienced significant selling pressure in recent months, leading to a price drop of over 50% since March.
- The cryptocurrency is currently facing a key support level at $0.57, with bullish implications if this level holds.
- Analysts have pointed out a bullish divergence in the Cardano chart, suggesting that sellers may be losing momentum.
- However, there is a bearish scenario if Cardano fails to maintain the $0.53 support, potentially leading to further price drops.
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18 Likes
Crypto-News-Flash
3d
31
Image Credit: Crypto-News-Flash
Cardano Network Activity Surges Past 111 Million — Will ADA Follow With a Price Spike?
- Cardano network activity has surged past 111 million transactions and sees an increase in delegated representatives.
- Smart Contract deployments on the network have increased with a significant number of Plutus and Aiken scripts going live.
- Various updates within the Cardano ecosystem were reported, including protocol variant experiments by the Leios team and plans for a Founder Catalyst virtual pre‑accelerator.
- ADA price has seen a slight increase in the last 24 hours and seven days, trading at $0.57, with potential to recapture the $0.6 resistance level, amidst proposed developments to enhance liquidity and sustainability.
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1 Like
TronWeekly
4d
334
Image Credit: TronWeekly
Cardano Hits 111 Million Transactions Driving Explosive Growth
- Cardano has reached 111 million transactions, showcasing significant growth in its ecosystem with over 2,000 active projects and 1.33 million stakers.
- Developer activity on the Cardano network has surged, with 139,000 Plutus contracts, 7,600 Aiken scripts, and a 27% increase in GitHub commits.
- $165 billion worth of transactions involving 276 billion ADA coins have been processed in just 67 days, demonstrating real-world adoption and trust in the protocol.
- Cardano's bullish sentiment remains high, with over 94% of investors bullish, strong staking figures, widespread integrations like Brave Browser, and positive market outlook.
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20 Likes
Crypto-News-Flash
4d
56
Image Credit: Crypto-News-Flash
Cardano Unveils Visual Tools to Help Users Navigate Governance Structure
- Cardano has introduced visual governance tools to enhance transparency and inclusivity in its community-driven governance structure.
- The Cardano Foundation has released 14 flow charts to simplify the voting processes for different governance actions within the ecosystem.
- The goal is to make governance more accessible by demystifying procedures and encouraging broader participation.
- As Cardano's governance framework evolves, the foundation plans to update the flow charts to reflect any changes in thresholds or approval mechanisms.
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3 Likes
Crypto-News-Flash
5d
24
Image Credit: Crypto-News-Flash
Jeremy Wood Built Cardano Slow and Steady from the Start
- Jeremy Wood co-founded IOHK and helped establish Cardano’s academic-first blockchain model after leaving Ethereum.
- Although he stepped down in 2020, Cardano’s governance and design still reflect Jeremy Wood’s early vision.
- Jeremy Wood took a quieter approach in shaping Cardano, focusing on academic partnerships and building a resilient system over flashy marketing.
- His legacy remains in Cardano's governance structure and fair tokenomic model, showcasing the impact of his strategic, steady approach.
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1 Like
Blockonomi
5d
384
Image Credit: Blockonomi
Cardano Eyes Breakout as ADA Approaches Key $0.67 Resistance
- ADA price nears $0.67 resistance after weeks of forming higher lows.
- A daily close above $0.67 could push ADA toward $0.83–$0.91.
- Analysts highlight long-term accumulation and smart money activity.
- ADA’s price pattern shows a breakout from a descending channel may be close.
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23 Likes
Crypto-News-Flash
6d
320
Image Credit: Crypto-News-Flash
Cardano Price Climbs While SEC Freezes Grayscale GDLC—What’s Next for ADA?
- Cardano (ADA) price rose by nearly 8% despite SEC pausing the approval of Grayscale's GDLC fund.
- Cardano remained stable above $0.60 after the price increase, supported by positive investor sentiment and broader market optimism.
- Technical indicators and bullish trader activity suggest a potential breakout for Cardano in the near future.
- Cardano is trading at $0.6083, with the long-to-short ratio indicating optimism and open interest showing stronger buying pressure.
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19 Likes
Bitcoinsensus
11h
323
Image Credit: Bitcoinsensus
ADA Holds $0.589 – Is Momentum Building or Fading?
- ADA's price holds at $0.589, maintaining momentum after a move from $0.5701 to $0.6000.
- Consolidation above EMA-20 and Fibonacci levels suggests potential for continued growth.
- Key zones and indicators like EMA and RSI signal bullish sentiment in the market.
- Potential entry and stop levels are discussed for traders eyeing ADA's price movement.
- Watch for breakout above $0.5980 or drop below $0.5890 for market direction cues.
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19 Likes
99Bitcoins
1d
365
Charles Hoskinson: From DARPA to Cardano, Gloves Full of Bullet Ants and More
- Cardano founder Charles Hoskinson discussed the philosophical roots of crypto with Navy SEAL and YouTuber Shawn Ryan, emphasizing liberty, trust, and decentralized power.
- Hoskinson drew controversy over claims regarding his past involvement in DARPA and adventurous experiences like jumping out of helicopters and participating in unique rituals.
- He highlighted the importance of good money for liberty and explained how crypto can empower individuals, advocating for its role in creating decentralized systems.
- Despite some bizarre stories, Hoskinson showcased his crypto knowledge, emphasizing the need for interoperable systems and stable foundations for real finance.
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21 Likes
Cryptoticker
1d
45
Image Credit: Cryptoticker
Could Cardano Double? Chart Patterns Say This
- Cardano (ADA) is currently consolidating near $0.58, with traders wondering if this can lead to a sustainable move back above $0.70.
- The Relative Strength Index (RSI) hovers around 43.7, indicating a potential shift in momentum as buyers show signs of regaining confidence.
- ADA faces resistance near $0.58–$0.60, with a breakout potentially targeting $0.70, if current support at $0.50 holds firm.
- Short-term price prediction for Cardano in July 2025 suggests a moderate probability of an upward push towards $0.70 if key levels are maintained; traders advised to watch for breakout signals above $0.60.
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2 Likes
Zycrypto
3d
103
Image Credit: Zycrypto
Cardano’s Perfect Storm: Oversold RSI, 90% ETF Approval Odds, and $2 ADA Price Target Align
- Cardano is showing signs of a potential 120% surge towards a $2+ price target as analysts predict a bullish run.
- The cryptocurrency is currently holding a strong support zone around $0.55-$0.56, with analysts suggesting a breakout could push the price towards $0.68-$0.70 in the short term.
- Cardano's futures market is experiencing a surge in open interest, exceeding $723 million, indicating growing investor confidence and optimism in the market.
- The Relative Strength Index (RSI) for Cardano has dipped to oversold levels at 23, hinting at a potential uptrend, while there are speculations of a 90% ETF approval rate for Cardano.
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6 Likes
TronWeekly
4d
223
Image Credit: TronWeekly
Cardano (ADA) at Make-or-Break Level: ADA Targets $1.20 If Resistance Breaks
- Cardano (ADA) is at a crucial stage as it shows signs of a potential trend reversal by testing a major demand zone.
- An upward breakout above the resistance line could lead to a significant positive movement for ADA.
- ADA's long-term supply dynamics and issuance timeline differ significantly from Bitcoin, which could impact its future price behavior.
- ADA's current price is around $0.57 with the potential to target $1.20 if it breaks the resistance level. Long-term bullish tendencies are noted for ADA, but short-term trends remain bearish.
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13 Likes
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