Cardano founder Charles Hoskinson has challenged the ecosystem's $3.3 million treasury spending on events like the Cardano Summit, proposing instead to invest in permanent global infrastructure hubs. He argues that maintaining physical offices worldwide with regular community activities will better demonstrate Cardano's vitality and support ADA's price sustainably, unlike short-term media impact from parties. Hoskinson also suggests stopping free grants and requiring funded projects to return part of their capital to the treasury, which would then buy ADA from the market to create natural buy pressure. This move aims to strengthen ADA's long-term value amid competition from other blockchains like Solana and Ethereum, with a treasury vote on the budget pending.
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
Cardano wallets holding between 100,000 and 100 million ADA have increased their holdings to over 25.6 billion coins, the highest since early 2023. This accumulation happened over four months while ADA traded near multi-year lows, indicating large in...
Cardano has ratified the van Rossem hard fork, scheduled for July 18, marking the first upgrade fully driven by its decentralized on-chain governance. This upgrade advances Cardano to Protocol Version 11, introducing cheaper smart contract execution ...
Large Cardano wallets holding between 100,000 and 100 million ADA have accumulated 320 million tokens since early July, reaching their highest holdings since February 2023. Meanwhile, retail investors have reduced their ADA exposure amid the token's ...
