Cardano's ADA token has fallen 50% this year amid a bear market and suffered a $10 million hack on its BNB-Cardano bridge, raising concerns about security. On-chain metrics show low transaction volumes and user activity, suggesting the blockchain is overvalued compared to competitors like Solana and Ethereum. Despite this, technical analysis indicates ADA could recover to $0.47, a 180% gain, in the near term. However, its long-term upside is capped due to weak ecosystem growth and lack of real-world use cases, making it a risky investment.
Cardano's development arm, Input Output Group, has launched Pogun, a platform that mirrors Bitcoin assets onto the Cardano blockchain. This allows Bitcoin holders to access decentralized finance (DeFi) services like lending and yield generation witho...
Cardano experienced a dramatic 1917.11% drop in spot flows within four hours, with outflows surpassing inflows by $303,100, indicating increased buying activity despite a 4.6% price decline to $0.166. This shift in capital movement suggests traders a...
Charles Hoskinson, founder of Cardano and former Ethereum co-founder, criticized Ethereum's governance model for lacking sustainable funding and relying on a few large organizations. He advocates for more decentralized governance through token holder...
The staking market saw mixed performance this week as Hyperliquid's staked market cap fell sharply by 12.59%, contrasting with stable gains in Ethereum (+0.77%) and Solana (+0.73%). Despite strong staking participation in networks like Bittensor and ...
Cardano wallet provider SecondFi announced it will shut down its services, including the Yoroi wallet it managed, following a security breach that led to the theft of about $2.6 million worth of ADA from 374 wallets. Attackers exploited a flaw that a...
