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Cardano News
Zycrypto
1w
204
Image Credit: Zycrypto
The $3 Cardano Prophecy: Why Whales Are Accumulating Millions While ADA Battles to Reclaim All-Time High
- Cardano (ADA) faces bearish pressure as it drops below $0.75, showing a downtrend with lower highs and lower lows according to technical analysis.
- Despite the recent 7.1% drop in value, whales have accumulated over 80 million ADA worth $57 million, indicating optimism for a price increase in the future.
- Market analysts like Jimmy X and Arab Crypta believe that ADA is aiming for a bullish reversal, with predictions of reaching the $1 and $3 price zones respectively based on market trends and buyer activity.
- Cardano, known for its scientific approach, aims to address sustainability, interoperability, and scalability challenges faced by earlier blockchains like Ethereum (ETH) and Bitcoin (BTC).
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Bitcoinist
1w
380
Image Credit: Bitcoinist
Cardano Founder: Crypto’s Crisis Is Cultural, Not Just Technical
- Cardano founder Charles Hoskinson criticized the crypto asset industry for cultural issues over technical problems during a speech in Buenos Aires.
- Hoskinson condemned crypto media for spreading unverified allegations and proposed veracity bonds as a solution to ensure accurate reporting.
- Legal and reputational pressure mounted on IOG as it faces investigations over ADA diversion during a network hard fork, an accusation Hoskinson denied.
- Hoskinson also highlighted legislative developments like the bipartisan GENIUS act and called for a shift towards a moral project in the crypto sector.
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Newsbtc
1w
256
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Did Cardano Founder Steal $619 Million? Hopkinson Makes Shocking Revelation
- Allegations of fraud surfaced online against Cardano founder Charles Hoskinson.
- Rumors claimed that $619 million in ADA was illegally moved and tied to Hoskinson.
- Hoskinson responded, denying the allegations and threatening legal action.
- Plans for a full audit and changes in community engagement were revealed by Hoskinson.
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Bitcoinist
1w
34
Image Credit: Bitcoinist
Cardano Kicks Off Independent Audit Of ADA Redemption
- Cardano has initiated an independent audit of the ADA redemption program to address allegations of unclaimed ADA being diverted during a ledger event in 2021.
- Global law firm McDermott Will & Emery and audit firm BDO have been engaged to conduct the audit and prepare a public report on the redemption process.
- Emurgo, a founding entity of Cardano, supports the audit and emphasizes that the majority of pre-sale ADA vouchers have already been redeemed.
- Pressure for the audit heightened after allegations were made against IOG founder Charles Hoskinson regarding the handling of unredeemed ADA during a hard fork; ADA was trading at $0.727 at the time of the news.
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Bitcoinsensus
2w
132
Image Credit: Bitcoinsensus
Cardano Price Prediction: Will ADA Hit $1 if Bullish Structure Holds?
- Cardano is showing a bullish structure on the daily timeframe with higher highs and higher lows.
- There is a significant demand zone that could potentially trigger a bounce, but the presence of liquidity below complicates the situation.
- If the current bullish structure holds, there is a possibility that ADA might rally towards the $1 mark, although outcomes are not guaranteed.
- While there is potential for ADA to reach $1 if market conditions align, it's important to remember that price movements are unpredictable and market outcomes can vary.
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Cryptopotato
2w
214
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Ethereum Sees $205M Weekly Inflows Following Successful Pectra Upgrade
- Digital asset investment products attracted inflows for the fifth consecutive week, totaling $785 million.
- Ethereum saw significant performance with $205 million in inflows last week, bringing its year-to-date total to $575 million after the successful Pectra upgrade.
- Bitcoin also received notable inflows of $557 million, influenced by the Federal Reserve's hawkish stance.
- Regional investor sentiment varied, with the US leading in inflows at $681 million, while countries like Sweden, Canada, and Brazil recorded outflows.
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Zycrypto
2w
55
Image Credit: Zycrypto
Cardano’s Charles Hoskinson Addresses Claims of ADA Theft Linked To IOHK
- Charles Hoskinson, founder of Cardano, addresses allegations of ADA theft linked to IOHK, calling it a 'coordinated campaign of defamation.'
- Hoskinson explains the complex redemption process after the ADA token sale in Japan between 2015-2017, involving unredeemed ADA vouchers managed by a third-party distributor, Attain.
- The controversy arises from unconverted ADA vouchers that were left in special addresses on the Cardano blockchain after Attain shut down following a change in Japanese law.
- Hoskinson criticizes the Cardano Foundation for not acknowledging the redemption process, clarifies that 99.8% of ADA was redeemed, and plans to publish audit reports to address the misinformation.
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Bitcoinist
2w
12
Image Credit: Bitcoinist
Cardano Founder Reflects On Betrayal, Plans To Step Back
- Cardano founder, Charles Hoskinson, expressed feeling betrayed by recent accusations and plans to reduce his social media presence.
- The dispute revolves around unclaimed Cardano tokens from the initial coin offering (ICO) and allegations against Hoskinson for handling them.
- Hoskinson denied accusations, stating that the unclaimed tokens were handled after a custody issue, and an audit report is being prepared to address the matter.
- Until the audit report is released, Cardano's development company will focus on potential legal actions against defamation claims.
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TheNewsCrypto
2w
47
Snub Slow-Rising Cardano (ADA) and Ripple (XRP), Rexas Finance (RXS) Will Skyrocket Your Portfolio Higher and Faster
- Investors are reconsidering altcoin portfolios in 2025, as Cardano (ADA) and XRP have been stagnant in the market, with Rexas Finance (RXS) emerging as a disruptor.
- While Cardano and Ripple have loyal communities and innovative tech, they have not seen significant gains, unlike newer projects like Rexas Finance.
- Rexas Finance offers a comprehensive ecosystem integrating real estate tokenization, art ownership, and DeFi, making it a smarter bet for 2025.
- With 92.29% of tokens sold in its final presale, Rexas has raised over $48 million, showcasing strong investor interest and momentum.
- Rexas Finance democratizes asset ownership through fractional ownership and blockchain tokenization, unlike XRP and ADA's limited utilities.
- With a launch price of $0.250, investors can secure a 25% gain by investing at $0.200 during Stage 12 of the presale before the June 19th listing.
- Rexas Finance is at the forefront of DeFi, tokenization, and passive income, poised to outpace older rivals like Ripple and Cardano.
- The platform caters to modern investors by offering inclusive, liquid, and transparent investment opportunities in luxury assets and gold reserves.
- Rexas Finance provides a forward-thinking model for wealth creation, contrasting with the underperformance of ADA and XRP in the crypto market.
- For more information on Rexas Finance, visit their website, participate in the $1 million giveaway, access the whitepaper, and follow their social media channels.
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Newsbtc
2w
220
Image Credit: Newsbtc
Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours
- Cardano (ADA) is in a critical phase as it attempts to maintain the $0.74 support level and pursue a move towards $0.90.
- Whales have accumulated over 80 million ADA in the past 48 hours, indicating growing confidence among large players and potentially signaling a breakout.
- ADA faces the $0.90 level as a near-term resistance, which needs to be overcome to reach higher targets and reignite broader altcoin enthusiasm.
- The current consolidation phase near crucial support combined with increased whale activity suggests that Cardano might be on the cusp of a significant move that could lead to a potential rally across the altcoin sector.
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Zycrypto
2w
259
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Cardano Sets Eyes on $1 as Buyers Continue Defending the Neckline with an ETF Approval Gaining Steam
- Cardano's journey towards $1 is gaining momentum as buyers continue to defend the neckline.
- Market analysts suggest that a breakout above $0.86 could lead ADA to rally towards the $1.01 target.
- The possibility of a Cardano ETF going live before the end of 2025 has increased to 63%, attracting institutional interest.
- Cardano's user base is expanding rapidly, with a recent partnership with Brave browser exposing it to 86 million users.
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Cryptoticker
2w
255
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Cardano About to Explode? Watch $0.80 Closely
- Cardano (ADA) price is consolidating under key resistance levels, signaling a potential breakout on the horizon.
- ADA is currently trading around $0.757, just above the 20-day and 50-day SMAs, but below the 100-day and 200-day SMAs.
- A breakout above $0.80 could lead ADA price towards $1.00, while a breakdown below $0.73 may push it lower to $0.62.
- Volume is declining on both daily and hourly timeframes, indicating a breakout or breakdown pending confirmation. Traders should closely monitor the $0.73–$0.80 band for potential price movements.
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Crypto-News-Flash
2w
416
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Cardano ETF Bets Surge as Institutional Crypto Interest Grows in 2025
- Growing confidence in Cardano's ETF prospects is driven by increased interest from institutional investors and greater acceptance of cryptocurrency-based financial products.
- The probability of Cardano's ETF receiving regulatory approval before 2025 has risen to 55% on Polymarket, a significant increase from previous estimates.
- Institutional investors are showing interest in Cardano for potential ETFs, following the positive regulatory environment and the SEC's pro-crypto stance under Chairman Paul Atkins.
- The growing confidence in regulatory approval for Cardano's ETF is reflected in trading activity on Polymarket, where investors have bet on the likelihood of approval.
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Crypto-News-Flash
2w
34
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Cardano Eyes Milestone as Hoskinson Teases Blockchain’s First Privacy Stablecoin
- Cardano founder Charles Hoskinson plans to develop a stablecoin with enhanced privacy features to balance user privacy and regulatory compliance.
- The proposed stablecoin could use Cardano's Midnight sidechain project known for its privacy-focused infrastructure.
- Hoskinson envisions a selective disclosure and season freeze regime for the stablecoin, ensuring privacy for users while accommodating regulatory oversight.
- The initiative is significant in the growing stablecoin market, with Cardano aiming to lead in privacy-preserving financial assets amid regulatory pressures on privacy-driven cryptocurrencies.
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Bitcoinist
2w
360
Image Credit: Bitcoinist
Cardano Founder Targets Crypto’s ‘Three Demons’ With Midnight Network
- Charles Hoskinson, founder of Cardano, identified privacy, economic fragmentation, and 'Ponzonomics' as existential threats in the crypto industry.
- Midnight network, a multi-chain, privacy-centric infrastructure, aims to address these challenges by fostering cross-chain cooperation and providing privacy layer over public ledgers.
- Midnight is designed to integrate with existing ecosystems like Ethereum and Solana, allowing developers to use its infrastructure without migration of assets.
- Hoskinson emphasized the importance of community governance and sustainable infrastructure, positioning Midnight as a solution to foster collaboration and address crypto industry demons.
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