Cardano founder Charles Hoskinson used his latest livestream to argue that the roughly $292 million KelpDAO exploit was not just another bridge failure, but a broader warning about how Ethereum's restaking, cross-chain messaging, and lending stack can turn a single compromise into system-wide contagion.
Layer-1 blockchains form the foundational infrastructure of the crypto ecosystem. While Bitcoin and Ethereum dominate the headlines, the true battleground for innovation in scalability and governance lies with the next generation.
Lace, the Web3 wallet built specifically for the Cardano ecosystem, has issued an urgent warning to its community regarding a phishing scam currently targeting mobile users.
A cross-chain message forgery drained 116,500 restaked ether from KelpDAO on April 18, triggering what Cardano founder Charles Hoskinson called the largest DeFi exploit of the year and a contagion event that pulled billions in total value locked from the broader ecosystem within 48 hours.
Cardano price rallied nearly 12% last week before stabilizing around $0.25 on Tuesday. Now it is close to confirming a bullish reversal pattern on the charts that could position it for more upside in the coming sessions.
Cardano hovers around $0.24 as buyers try to hold on.
While Cardano (ADA) continues to display lackluster short-term momentum, analysis indicates that its broader mid- to long-term outlook remains rosy, with meaningful upside potential still in play.
In the dynamic blockchain sector, the Cardano network is being flagged as the most decentralized blockchain by several crypto analysts, with security being a major part of this assertion. However, the highly decentralized network has been called out for its lack of clear leadership.
Cardano just hit a golden cross. That's the thing where the short-term moving average crosses above the longer one.
Cardano recently completed a golden cross on its three-hour chart, but the timing of the appearance raises questions in the market.
The Cardano price has been a poor indicator of the positive momentum injected into the cryptocurrency market over the past week. Despite most large-cap altcoins surging on the back of easing macroeconomic pressure, the ADA token has barely been able to stage a sustained rally above the $0.26 level.
Cardano is already being used by roughly 200 large companies in Germany through agentic AI deployments, even if those firms do not realize the blockchain is sitting underneath their stack, according to Cardano Foundation CEO Frederik Gregaard.