Charles Hoskinson says Cardano could surpass Bitcoin, but critics question whether ADA can overcome its large valuation gap.
Cardano co-founder Charles Hoskinson has said that 1,096 BTC, worth roughly $70 million today, held by an Isle of Man foundation was used to cover audit costs from the project's 2016 crowdsale.
Cardano founder Charles Hoskinson said that 1,096 Bitcoin linked to the project's early Isle of Man Foundation was used during 2016 and 2017 for requirements tied to Michael Parsons and an audit process.
Cardano (ADA) has fallen into one of its most oversold conditions in recent months after a severe market selloff pushed the cryptocurrency below a critical support level that had held since February. ADA is currently trading near $0.17, following a steep decline of almost 30% within just a few days, leaving investors questioning whether the asset has finally reached a market bottom.
During the first quarter of 2026, Cardano (ADA) demonstrated a clear divergence between its short-term market performance and long-term structural progress.
Cardano's outlook recently took a more cautious route after founder Charles Hoskinson warned that additional DeFi protocols could shut down in the second half of 2026.
Cardano has recently been one of the most discussed assets in the crypto market after collapsing below the $0.16 threshold for the first time since late 2020.
Charles Hoskinson outlined Cardano's move from X to Discord as Midnight Discord grew from 11,000 to 49,000 users.
Market sentiment soured to 'extreme fear,' but whales may still be accumulating ADA.
New on-chain research suggests Cardano founding entities sold over 1.5 billion ADA during the 2021 bull run.
Cardano (CRYPTO: ADA) founder Charles Hoskinson announced Friday he is migrating the Cardano community from X to Discord as ADA trades up 14% since last Saturday despite sitting 74% below its 12-month high. Hoskinson Moving AMAs To Discord While Keeping X For Broadcasts Only Hoskinson posted Friday that he is working with community member Phillip Pon to build a new Cardano Discord server, framing it as a move toward better-moderated discussions away from X's noise.
Hoskinson plans to move Cardano's core discussions from X to dedicated Discord channels, while keeping X as a livestream broadcast tool for reach and broad visibility. AMAs would shift to the new Cardano Discord or existing Midnight Discord, aiming for more productive and better-moderated community coordination among participants.