Large Cardano holders, or whales, now control 67.5% of ADA's circulating supply, the highest since July 2020, as they accumulate despite ADA's price dropping over 70% in nine months. Meanwhile, retail investors are selling off their holdings. Cardano's DeFi ecosystem has seen an 80% decline in total value locked, signaling capital outflow to competing blockchains. The whale accumulation appears to be a long-term bet on Cardano's future value, contrasting with the current weak network usage and market skepticism reflected in ADA's $0.27 price.
Solana secured a significant partnership with Japan's SBI Holdings to launch stablecoins and tokenize assets, sparking controversy within the Cardano community, which historically relied heavily on Japanese investors. Charles Hoskinson, Cardano's fou...
Bitcoin fell about 1.4% to around $63,000 as renewed US-Iran hostilities caused risk-off sentiment, leading traders to take profits after a recent rally. Despite the drop, Bitcoin remains within its $59,000 to $66,000 trading range and has seen its f...
Cardano is close to implementing its van Rossem hard fork, which will upgrade the network to Protocol Version 11, enhancing performance, security, and ledger consistency. Most governance votes have passed, including strong support from DReps, SPOs, a...
Bitcoin dropped 1.8% to around $62,853 following renewed US-Iran military clashes near the Strait of Hormuz, which also pushed oil prices above $74 per barrel. The geopolitical tensions caused investors to flee riskier assets, impacting equities and ...
Cardano founder Charles Hoskinson reassured that the Cardano blockchain remains secure despite a recent hack affecting the third-party SeccFi wallet, clarifying that the core protocol was not compromised. He highlighted ongoing tests of new features ...
