Cardano and Draper Dragon announced the Orion Fund, an $80 million ecosystem fund to drive institutional adoption. The fund will prioritize real-world assets (RWA) and institutional DeFi, focusing on increasing the network's TVL and on-chain activity. The Cardano Foundation will act as constitutional steward with no role in management.
Charles Hoskinson teased a possible "new ADA" tied to Cardano's Midnight privacy project, fueling speculation as the sidechain nears launch.
Large wallets accumulate ADA as network adoption grows and regulatory clarity improves.
Cardano (ADA) whales are in a frenzy, as they have continued to accumulate the coin over the last four months. Data shared by market intelligence platform Santiment shows that Cardano wallets holding 10 million ADA or more have hit 424.
Cardano is sitting at a crucial point, with price hovering around $0.24 after a prolonged decline. The asset is down over 40% in the past three months and remains far below its previous highs. Despite the weak price action, on-chain data is starting to show a different trend building beneath the surface.
Cardano (ADA) moved within a tight range on Tuesday following a turbulent week marked by broad crypto market downturn.
Charles Hoskinson, the founder of both Ethereum's early architecture and the Cardano blockchain, has once again stepped into the spotlight with Midnight, a new privacy-focused network funded by $200 million of his personal capital.
Cardano (ADA) faces continued selling pressure this week, remaining stuck below the $0.25 threshold amid widespread cryptocurrency market turbulence. An early-week attempt at recovery quickly faded, pushing the token back into negative territory.
Charles Hoskinson rejects claims that Midnight's bridge harms Cardano, saying critics misread the phased tokenomics design.
Charles Hoskinson has once again stepped in to defend the recently-launched privacy-focused layer 1 blockchain Midnight, stressing that it is not designed to undermine or harm the Cardano blockchain.
With trading volume rising by almost 78% over the last 24 hours, Cardano is exhibiting a rare surge in activity. This appears to be a strong bullish signal at first glance, but the underlying structure reveals a more complex picture.
Cardano founder Charles Hoskinson has once again taken to defending the Midnight bridge, insisting that there is no intention to harm the Cardano blockchain. The latest defense comes as a response to a Cardano Stake Pool operator, Bliss Pool on X.