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Cardano founder proposes new governance system amid ADA price slump near 5-year lows

Market News
18 Jun 2026
BeInCrypto
View Source
Bearish
pluang ai news

Charles Hoskinson, Cardano's founder, has proposed moving Cardano governance from X to a moderated Discord channel and forming a voting bloc that pressures funding applicants to participate publicly. This plan aims to resolve Cardano's stalled governance and funding bottlenecks, but ADA holders remain unconvinced as the token price stays near $0.16, close to five-year lows. The ecosystem faces stress with declining market value and governance fatigue, while Hoskinson emphasizes the need for clear growth targets and accountability. The market awaits proof that these governance changes can revive Cardano's growth trajectory.

More News (ADA)

Major cryptocurrencies including Bitcoin and Ethereum drop over 5% amid market sell-off

Major cryptocurrencies including Bitcoin and Ethereum drop over 5% amid market sell-off

Bitcoin, Ethereum, and several other major cryptocurrencies experienced significant price declines exceeding 5% in a recent market downturn. Bitcoin fell to around $62,488, while Ethereum dropped to about $1,679. This widespread sell-off reflects inc...

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6 hours ago
$460M in crypto liquidations as Bitcoin and Ethereum rally triggers short squeeze

$460M in crypto liquidations as Bitcoin and Ethereum rally triggers short squeeze

Nearly $460.9 million in leveraged crypto positions were liquidated in 24 hours as Bitcoin and Ethereum gains caused a broad short squeeze, forcing many traders betting on price drops to close positions. Bitcoin rose 1.09% to $140,697 and Ethereum cl...

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Crypto prices fall as Fed signals fewer rate cuts, boosting the dollar and triggering $436M in liquidations.

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Cryptocurrency prices, including Bitcoin, Ethereum, and Solana, dropped amid Federal Reserve signals of fewer interest rate cuts and a stronger U.S. dollar. Bitcoin fell 1.3% to about $63,980, while Ethereum declined 1.7% to around $1,741. The Fed's ...

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10 hours ago
Plasma (XPL) drops 3.5% amid heavy trading, signaling ongoing speculative interest in Korea.

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Plasma (XPL) fell 3.53% to around 164 Korean won after a recent surge, but maintained high trading volume of about 39.97 billion won ($29 million), indicating sustained market interest. Despite the price pullback, traders see this as a reset rather t...

Market News
Neutral
17 hours ago
Pyth Network launches fast, free oracle price feeds on Cardano, boosting DeFi data quality.

Pyth Network launches fast, free oracle price feeds on Cardano, boosting DeFi data quality.

Pyth Network has launched its Pyth Pro oracle service on the Cardano blockchain, providing institutional-grade price feeds with millisecond-level updates sourced directly from over 125 financial institutions. This integration offers developers free A...

Protocol Fundamentals
Bullish
1 day ago
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