Cardano (ADA) price fell about 4.7% to near $0.1885 on August 11 after Grayscale withdrew its Cardano ETF registration, citing no plans to distribute shares. This withdrawal came just before Cardano futures on CME completed six months of trading, meeting one SEC generic listing criterion for commodity-based ETFs, though this does not guarantee ETF approval. Technical analysis shows bearish signals for ADA, with potential declines toward $0.17 if current trends continue. Despite market weakness, Cardano's network development progresses with a recent hard fork upgrade. The key near-term price level to watch is $0.20, with recovery above it possibly easing downside pressure. The next regulatory step is whether Grayscale or another issuer will file a new ADA ETF registration following the futures milestone.
Large Cardano (ADA) holders, known as whales, have started selling significant amounts of ADA tokens following recent bearish market signals, including a 'death cross' on key metrics. This coordinated sell-off has caused ADA's price to drop from $0.2...
Bitcoin fell 1.6% to around $63,855 as traders reduced risk ahead of U.S. inflation data and rising oil prices raised concerns about the Federal Reserve's interest rate path. Ether and XRP also declined, while some altcoins like Hyperliquid and Chain...
Cardano's ADA token has surged over 18% in the past week, driven by renewed optimism in its ecosystem and increased trading activity. This rise coincides with strong performance of Midnight's NIGHT token, Cardano's privacy-focused partner network, si...
Grayscale voluntarily withdrew its registration for a standalone Cardano ETF, removing a potential institutional investment route for ADA. The withdrawal was not due to SEC rejection but part of a broader reassessment including Hedera and Polkadot ET...
Cardano (ADA) has suffered a severe price drop of 90% from its peak, marking one of the largest declines among altcoins during ongoing market instability driven by geopolitical uncertainty. While Bitcoin and Ethereum have held up relatively better, n...
