Cardano's governance vote on a proposal to withdraw 22 million ADA from its treasury for a tokenized copper reserve project failed to reach the required 67% approval threshold. As of October 25, only 0.24% of delegated voting power supported the request, with 16.66% opposed and over 83% abstaining. The proposal, submitted by Toto Finance Inc., aimed to allocate most funds to copper purchases and hold the metal for 18-24 months before selling. The plan does not guarantee a profit or recovery of the original ADA investment, and key agreements and assurances were still pending. The vote remains ongoing but is far from approval at this stage.
Cardano's governance vote on a copper reserve project saw only 0.24% support from delegated voting power. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 25, 2026 23:01 WIB: 35 of 50 major cryptocurrencies rose today. Algorand (ALGO) rose 3.00% to Rp1.888 with 80% sell orders, Binance Coin (BNB) rose 2.96% to Rp13.409.400 with 67% sell orders, and PancakeSwap (CAKE) rose 2.62% to Rp37.738 with 71% buy orders.
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