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Cardano News: Dev Purchases 686,567 ADA in Major Treasury Development

  • Sébastien Guillemot, a Cardano contributor and dcSpark co-founder, has donated $460,000 worth of ADA tokens to the Cardano Treasury, including a loan repayment of $400,000 and accumulated interest of $60,000.
  • dcSpark has updated the Cardano Rust SDK to support the on-chain treasury donation feature, allowing other developers to contribute more efficiently.
  • Despite a drop in ADA price, Guillemot emphasized the long-term value of strengthening the Cardano Treasury.
  • The Cardano Treasury now holds over 1.72 billion ADA, valued at approximately $927.08 million, enhancing its capacity for funding development and innovation.

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