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Cardano News
Bitcoinist
3h
281
Image Credit: Bitcoinist
Ford Explores Cardano For Legal Data Storage In Advisory Role
- Iagon and Cloud Court are testing Cardano's suitability for legal data management with Ford Motor Company participating as an advisor.
- The proof-of-concept aims to address challenges faced by corporate law departments such as dispersed testimony data, security risks, and operational delays.
- The initiative involves storing encrypted files off-chain while anchoring access metadata on Cardano for immutability and verifiability.
- Cloud Court's AI engine will analyze legal documents to create a searchable knowledge base.
- Ford will provide legal-operations expertise to test the design against compliance demands.
- The hybrid model ensures encrypted data on distributed nodes with Cardano smart contracts logging permissions and access events for auditability.
- The pilot project aims to demonstrate secure decentralized infrastructure for storing, retrieving, and analyzing legal data.
- Ford's involvement is advisory, focusing on evaluating security, scalability, and compliance aspects of decentralized legal data storage.
- The partners aim to show that Cardano can meet the needs of regulated industries and bridge AI analytics with decentralized storage.
- The success of the pilot could lead to broader adoption across various sectors like law, healthcare, government, and finance.
- A positive outcome could serve as a reference case for other Fortune 500 legal departments looking to meet confidentiality and audit requirements.
- Ford's potential endorsement of the architecture may encourage further integrations of Cardano with AI-powered data services.
- No specific timetable or dataset size for migration has been disclosed yet.
- At the time of reporting, ADA was trading at $0.60.
- The news showcases the exploration of Cardano for legal data storage in a collaborative effort involving Ford, Iagon, and Cloud Court.
- The initiative aims to address challenges in legal data management and demonstrate the benefits of decentralized infrastructure.
- The participation of Ford Motor Company as an advisor adds credibility and real-world expertise to the pilot project.
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Zycrypto
20h
122
Image Credit: Zycrypto
Cardano Exchange Outflows Near $1B in 2025, Echoing 2021 Bull Run Patterns
- Approximately $932 million worth of ADA has been withdrawn from exchanges since January, indicating potential future price appreciation as investors move their holdings to self-custody wallets.
- The outflows from exchanges resemble patterns observed during the 2021 bull run when ADA reached its all-time high.
- Large-scale outflows often suggest growing investor confidence and reduced sell-side pressure, coupled with rising on-chain activity and accumulation.
- Whale wallets accumulated over 410 million ADA in April, supporting the bullish outlook for Cardano.
- Crypto analyst Sssebi predicts a potential 10- to 20-fold increase in ADA's price in the current market cycle, citing technical analysis.
- Cardano's fundamentals contribute to increased whale interest, including the partnership with Brazil's SERPRO and the growth in smart contract deployment.
- Cardano's strong development activity, including the forthcoming 'Leios' upgrade aimed at enhancing transaction throughput and interoperability with Bitcoin, bolster its position in the DeFi and smart contract space.
- ADA traded at around $0.59 with a 3.19% loss in the last 24 hours.
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Zycrypto
1d
30
Image Credit: Zycrypto
Cardano Hits 2,000 dApps Milestone But Whales Dump $170M Worth of ADA in Days
- Cardano has reached a milestone with over 2,000 dApps built on the network.
- 10.8 million native tokens have been issued, setting a Layer-1 record.
- Developer activity has increased by 33% week-over-week.
- ADA price has dropped by 4.63%, currently trading at $0.63.
- On-chain activity on Cardano is high with 138,365 Plutus scripts deployed.
- There have been 110.43 million transactions processed on the network.
- Developer contributions increased with 278 GitHub commits in the past week.
- 1,352 registered DReps are overseeing the network, showing a 0.44% increase from the previous week.
- The ADA price softening is attributed to broader crypto market weakness.
- Cardano's Total Value Locked (TVL) in DeFi approaches $300 million.
- Major ADA holders initially added 120 million ADA but later sold over 270 million ADA.
- This sell-off, worth over $170 million, led to a drop in ADA's price to below $0.62.
- Some analysts suggest ADA could fall further to around $0.50 if certain patterns are not broken.
- Geopolitical tensions and internal market dynamics may impact ADA's future price movements.
- Cardano's latest weekly development update is available on Essential Cardano.
- The development update covers core technology, wallets and services, smart contracts, scaling, and governance developments.
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Bitcoinist
1d
322
Image Credit: Bitcoinist
Cardano Founder Draws Line In The Sand–’I’ll Retire If This Fails’
- Charles Hoskinson delivers ultimatum to Cardano community regarding network's ADA treasury overhaul.
- Proposes transforming treasury into actively managed sovereign wealth fund to boost purchasing power.
- Hoskinson emphasizes need for decisive action to propel Cardano's growth and competitiveness.
- Outlines detailed mechanics of proposed fund, including diversification strategies and governance structure.
- Mentions potential partnerships with Bitcoin DeFi protocols and stablecoin issuers to strengthen Cardano ecosystem.
- Addresses concerns about potential impact on ADA price and fees associated with fund implementation.
- Future of Cardano and Hoskinson's leadership hinges on community's response to governance action.
- Community to vote on proposed framework, determining direction of Cardano project.
- Hoskinson's firm stance marks a critical moment for Cardano's evolution and DeFi prospects.
- ADA's current trading price stands at $0.63.
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Crypto-News-Flash
2d
111
Image Credit: Crypto-News-Flash
Hoskinson Plans to Elevate XRP Yields With Cardano’s Midnight Network
- Cardano founder, Charles Hoskinson, plans to collaborate with Ripple to enhance XRP yields through Cardano's Midnight Network.
- The collaboration will focus on technical upgrades, DeFi, and a unique 'glacier drops' delivery strategy.
- XRP holders will be able to participate in yield farming and lending through Cardano's DeFi layer, Midnight.
- Hoskinson hinted at a long-term strategy in progress between the two ecosystems.
- A full-fledged 'XRP package' project will involve technical maintenance, DeFi, and 'glacier drops.'
- The integration will not only include RLUSD stablecoin but establish a strong connection between Cardano and XRP ecosystems.
- XRP is planned to be integrated into Cardano's DeFi framework, allowing XRP owners to lend their assets and yield farm.
- The Cardano native wallet, Lace, will support XRP-based assets for simplified cross-chain utility.
- Hoskinson mentioned 'glacier drops' as a method for delayed token releases corresponding to milestones.
- Concrete launch dates were not provided but discussions are progressing for the significant collaboration between Cardano and Ripple.
- The collaboration aims to provide better yields for XRP holders and Ripple company.
- Cardano shows intentions to open its network to external projects and assets like RLUSD and XRP.
- The discussion of integrating RLUSD and XRP indicates further developments to come.
- The collaboration between Cardano and Ripple could bring significant advancements in DeFi and connectivity between ecosystems.
- Hoskinson's hints suggest a broader strategy beyond just integrating RLUSD stablecoin.
- The focus on yield farming and lending aims to address existing limitations within the XRP ecosystem.
- The use of 'glacier drops' introduces a unique approach to token releases, potentially tied to technical or adoption milestones.
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TronWeekly
3d
263
Image Credit: TronWeekly
Crypto Market Buzz: Cardano, Huma Finance, Monero & Top Coins Driving the Market
- The crypto market is abuzz with Cardano's ADA trending with staking rewards and DeFi involvement, Huma Finance focusing on financial inclusivity, and Monero facing scalability challenges but remaining prominent with its privacy-focused approach.
- Santiment has highlighted Cardano, Huma Finance, Monero, Ethereum, Chainlink, Aave, and others as gaining interest in the market with staking rewards, price actions, and ecosystem additions.
- Cardano is seeing a bullish trend, offering significant staking rewards and making strides in DeFi while facing community divisions over proposals. The development of staking, NFT market, and partnerships contribute to ADA's interest and volatility.
- Huma Finance is gaining traction for financial inclusivity by allowing users access to Huma tokens via crypto wallets and engaging community members actively.
- Monero is rising despite scalability challenges, with discussions on how it fares against traditional financial entities in transaction rates. Suggestions like Layer 2 technology aim to enhance transaction bandwidth while preserving privacy.
- Ethereum remains a key player in the crypto market and DeFi space due to its high transaction volume, dynamic pricing, testnets, and network enhancements leading to increased relevance.
- Chainlink's decentralized oracle network and its support for DeFi infrastructure contribute to its importance. Aave has seen a significant uptick with staking and network upgrades, while Sushiswap's liquidity and governance capabilities also attract attention.
- Other rising currencies like Avalanche (AVAX) are under scrutiny for future growth forecasts and market performance, shaping the landscape of digital finance.
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Bitcoinsensus
18h
325
Image Credit: Bitcoinsensus
Cardano Price Prediction: Buy Now or Wait?
- Cardano recently fell into a liquidity pocket formed by equal lows after rejecting a supply zone.
- The equal lows that may seem like support could potentially act as a trap, with a demand zone below.
- ADA's potential bounce from the demand zone and revisit of the previous supply level depends largely on Bitcoin's movement.
- Cardano's price movement was predictable, as it followed a typical pattern from supply to equal lows.
- Bitcoin's influence on altcoins like Cardano remains significant.
- In the short term, traders are likely buying off the equal lows, but these may not offer reliable support.
- A demand zone under the equal lows could provide stronger support if price sweeps lower.
- A rebound from the demand zone could lead to a significant upward movement.
- Trading in the market is based on probabilities rather than certainties.
- WEEX is offering a strong welcome bonus for traders with deposit bonuses and trading rewards up to $30K.
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TheNewsCrypto
23h
224
Cardano Long-Term Holders Exit Positions as Age Consumed Metric Hits Nine-Month High
- Cardano's 'age consumed' metric reaches a nine-month high as long-term holders exit positions, causing selling pressure.
- Exodus of patient investors raises concerns about ADA's price stability amid market weakness.
- Increased movement of dormant tokens suggests long-term holders are selling rather than holding through the downturn.
- Chaikin Money Flow Index below zero indicates weak investor inflows, hampering price recovery.
- ADA trades at $0.61 above crucial $0.60 support, with a potential dip to $0.57.
- Long-term holders' selling impacts price stability by removing buying support and increasing circulating supply.
- Lack of fresh capital offsets selling pressure, making it challenging for Cardano to maintain or increase its price levels.
- Continued decline could trigger more selling as stop-loss orders activate, potentially leading to a drop to $0.57.
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Bitcoinist
1d
130
Image Credit: Bitcoinist
Internet Computer (ICP) Beats ETH, ADA To Claim Top Spot In Key Metric
- Internet Computer (ICP) has surpassed Ethereum (ETH) and Cardano (ADA) to claim the top spot in the Development Activity metric.
- The Development Activity metric measures the amount of work developers are putting into public GitHub repositories.
- Internet Computer leads the way with a value of 557.7, followed by Chainlink (LINK) and Starknet (STRK).
- Cardano ranks fourth, while Ethereum is listed last in the top 10 cryptocurrencies for Development Activity.
- A high Development Activity value indicates strong developer commitment to a project, potentially signaling long-term viability.
- While Development Activity is a positive indicator, it may not directly impact the asset's price immediately.
- Internet Computer is currently trading around $5.26, down more than 10% in the past week.
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TheNewsCrypto
1d
353
Cardano Needs $0.68-$0.70 Reclaim to Reverse Five-Week Bearish Trend Below Key Averages
- Cardano faces a crucial technical juncture, needing to reclaim the $0.68-$0.70 range to reverse recent losses and restore bullish momentum.
- ADA currently trades below the EMA34 at $0.70 and MA200 at $0.67, setting up a bearish technical structure.
- Key support zones at $0.50-$0.55 and $0.42-$0.50 offer downside protection levels for Cardano.
- The cryptocurrency began a correction after hitting a high of $0.86 in mid-May, losing 27% to trade around $0.62.
- Cardano's recent underperformance compared to Bitcoin has raised concerns among investors and analysts.
- Analyzing ADA's technical indicators, it's noted that the breach below key moving averages signals bearish market conditions.
- Despite the bearish trend, there are indications that the correction may be nearing exhaustion levels.
- Reclaiming the $0.68-$0.70 range is crucial for Cardano to signal renewed bullish momentum and potential trend reversal.
- A successful closure above this range would require rallies of 10% to 13%, providing upside targets for traders.
- Analysts advise patience for investors until Cardano regains the critical price range amidst the current bearish conditions.
- Additional technical analysis highlights a descending triangle pattern with key support zones to watch for possible downside protection.
- Cardano's performance in the coming days will be closely monitored to assess its ability to reverse the recent downtrend.
- Market participants are anticipating Cardano's potential recovery and trend reversal based on reclaiming key price levels.
- The focus remains on ADA's ability to break above critical resistance levels and demonstrate strength against broader market trends.
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Cryptoticker
2d
144
Image Credit: Cryptoticker
Cardano Crash Coming? Watch $0.60 Like a Hawk
- Cardano (ADA) price is facing downward pressure, hovering around $0.62 with a fragile structure.
- On the daily chart, ADA remains below key moving averages, with the 50 SMA acting as immediate resistance.
- The price struggles to stay above the support zone at $0.62 and $0.60, with weakening momentum indicated by Heikin Ashi candles.
- ADA price has declined approximately 17.3% in over two weeks, showing increasing volatility and failed breakout attempts.
- The hourly chart suggests a bearish sentiment as ADA failed to sustain above short-term moving averages and faces resistance near $0.65.
- ADA has been consolidating between $0.61 and $0.64, indicating a possible bearish breakout scenario impending.
- If the crucial psychological support at $0.60 breaks, ADA may target $0.54 as the next visible support zone.
- Bulls need to close above $0.67 on the daily chart to reestablish a bullish outlook, aiming for $0.70 and $0.76 as resistance levels.
- The overall prediction indicates a likelihood of testing the $0.60 support and a potential move below it in the near future.
- In a bullish scenario, ADA might rebound to $0.67, while a bearish breakout could lead to $0.54–$0.55 as the next price targets.
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Zycrypto
2d
284
Image Credit: Zycrypto
Charles Hoskinson Proposes Gateway to Unlock Ripple’s XRP $136 Billion DeFi Potential On Cardano
- XRP, the third-largest cryptocurrency, valued at over $136 billion, may join Cardano's DeFi ecosystem.
- Charles Hoskinson, Cardano's founder, proposed integrating XRP into Cardano's DeFi using the privacy-focused sidechain Midnight.
- The plan involves creating a cross-chain bridge allowing XRP access to Cardano's DeFi services like staking, yield farming, and lending.
- Midnight is Cardano's zero-knowledge sidechain, based on the eUTXO model, supporting confidential smart contracts.
- Hoskinson highlighted the privacy benefits for XRP holders using Midnight for DeFi interactions.
- XRP Ledger lacks native DeFi infrastructure, unlike Ethereum or Cardano, making the bridge to Midnight significant.
- The proposal could offer XRP holders new earning opportunities by participating in on-chain DeFi activities.
- Cardano's Lace wallet will support XRP, enabling users to hold and swap XRP and other assets alongside ADA.
- Discussions are ongoing for potential Ripple RLUSD stablecoin integration into the Cardano ecosystem.
- Hoskinson's proposal positions Midnight as an interoperability layer addressing privacy and utility challenges.
- No official launch date is set for the XRP-Midnight bridge, but with Midnight's mainnet planned for 2025, progress is underway.
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Bitcoinsensus
2d
317
Image Credit: Bitcoinsensus
Cardano Price Prediction: Pump or Dump Next?
- Cardano dropped after the last prediction, breaching the demand zone and showing a natural move for an altcoin tied to BTC.
- Current price around $0.65 with liquidity below acting as a potential magnet.
- The H2 supply zone could drive the price lower, but there is also liquidity above, determining potential movements.
- Last prediction proved accurate as the price followed the expected decline, influenced by market dynamics.
- Cardano's behavior is typical for an altcoin, often mirroring Bitcoin's movements.
- The market dynamics suggest a scenario where the liquidity below might be revisited in the future.
- Understanding liquidity trends and supply zones helps in navigating the market uncertainties.
- Predictions are based on scenarios and observations, not absolute certainties.
- Being aware of liquidity positions and potential price draws enhances market analysis and decision-making.
- Flexibility and knowledge of market dynamics are emphasized over blind predictions.
- Market movements are unpredictable, and scenarios are guides, not guarantees.
- Recognizing liquidity positions aids in understanding potential price movements.
- Market observations help in navigating the market with a strategic approach.
- Smart players tend to revisit areas with liquidity to capitalize on missed opportunities.
- Understanding market dynamics assists in making informed decisions and strategic moves.
- Reading liquidity levels and supply zones is crucial for effective market analysis and decision-making.
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Bitcoinist
2d
99
Image Credit: Bitcoinist
Cardano Founder Announces $100 Million Bitcoin Buy In Shocking Move To Prop Up ADA Price
- Charles Hoskinson proposes creating a sovereign wealth fund for Cardano's DeFi ecosystem with up to $100 million worth of Bitcoin.
- The proposal aims to boost ADA price by converting a portion of the treasury into assets like Bitcoin and stablecoins.
- Hoskinson believes this move will not negatively impact ADA price but instead catalyze a surge.
- The fund's yields will be used to buy more Cardano, replenishing what was converted to Bitcoin and other assets.
- They plan to grow the fund over the next 5-10 years to become a billion-dollar treasury, stabilizing the ADA price.
- This strategy aims to put Cardano on par with Ethereum and Solana in terms of DeFi activity and TVL.
- A Cardano community member expressed concern over a potential negative impact on ADA price from a large sell-off.
- Hoskinson reassured the community that large sales could be conducted strategically without disrupting the market, using OTC and TWAP techniques.
- ADA price currently trades at around $0.64, showing a nearly 2% increase in the last 24 hours.
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