Cardano Dev Activity Hits 233 Commits as ADA Eyes Return to Crypto Top 10 Soon

The post Cardano Founder Confirms the Upcoming Launch of a Political Party appeared on BitcoinEthereumNews.com. Cardano founder Charles Hoskinson announced the ecosystem will soon launch a political party.  The party would operate as a large Delegate Representative (DRep) within the network. Charles Hoskinson has thrown his weight behind the Cardano PRIME proposal. Cardano founder Charles Hoskinson has made public the ecosystem’s plan to launch a political party. Hoskinson announced this during his latest broadcast, confirming the group will launch the party soon and give people “an opportunity to participate.” While making the broadcast, Hoskinson also debunked rumors about retiring or leaving the Cardano ecosystem. He reaffirmed his long-term commitment to the blockchain network, revealing that preparations for the said political party are already underway. A Party That Will Operate as a DRep It is worth noting that Hoskinson’s latest statement builds on an earlier remark about estab

The post Charles Hoskinson Slams Cardano Exit Rumors: “A Complete Lie” appeared on BitcoinEthereumNews.com. Founder Charles Hoskinson has denied rumors that he is retiring from Cardano. He blamed influencers and edited videos for spreading false narratives about his departure. Hoskinson reaffirmed his commitment to Cardano, highlighting upcoming projects. Cardano founder Charles Hoskinson has dismissed rumors that he is retiring or stepping away from the Cardano ecosystem, calling the claims “a complete lie” and “a complete fabrication.” In a video posted this week, Hoskinson said false reports had spread so widely that even a London taxi driver familiar with Cardano mentioned hearing that he was retiring. He also said executives at one of Cardano’s partner companies had been told he was leaving the project. Hoskinson blamed influencers for spreading edited clips, reaction videos, and out-of-context content that falsely claimed he had described Cardano as a failing project before decid

The post Cardano Price Climbs, but Its DeFi Engine Is Quietly Collapsing appeared on BitcoinEthereumNews.com. Cardano’s biggest problem right now is not ADA’s price, which is rising, but the DeFi economy beneath it, which is falling apart. App-level fees, the revenue that DeFi protocols actually earn, dropped 67.1% over the past 30 days, even as the Cardano price gained about 3.6%. That combination is the story. A token can surge while the network built on it quietly empties out, and Cardano is doing exactly that. The Cardano Price Rises While the Apps Empty Out ADA trades near $0.167, up roughly 3.6% on the month and still holding 18th by market value at about $6.2 billion. On the chart, the month looks fine. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Underneath, the picture reverses. The chain’s own gas fees fell 35.7% over 30 days, but the fees earned by DeFi apps fell almost twice as fast, down 67.1%. When app revenue drops

The post The SecondFi recovery: 16 million stolen ADA and crypto’s restitution experiment appeared on BitcoinEthereumNews.com. An exploit drained roughly 16 million ADA, about $2.4 million, from 374 Cardano wallets in late June. What happened next is the interesting part: EMURGO, one of Cardano’s founding entities, announced a recovery path to return the assets within two weeks, while an independent forensic team including Mt. Gox veterans published competing findings. Crypto has spent fifteen years insisting stolen funds are gone forever. Cardano is running a live experiment in whether that has to be true, and every chain is watching the precedent. Summary A Cardano linked exploit drained about 16 million ADA from 374 wallets, with EMURGO outlining a two week plan to return affected users’ funds. Independent investigators challenged parts of the official account, putting competing forensic findings at the centre of how victims could qualify for restitution. The recovery effort is test

An exploit drained roughly 16 million ADA, about $2.4 million, from 374 Cardano wallets in late June. What happened next is the interesting part: EMURGO, one of Cardano’s founding entities, announced a recovery path to return the assets within two…

The post Cardano Price Prediction: Hoskinson Calls Ethereum’s EUTXO Move a Crime as ADA Holds the 20-Day EMA appeared on BitcoinEthereumNews.com. Hoskinson called reports of his retirement “categorically untrue” and a complete fabrication He accused the Ethereum Foundation of copying Cardano’s EUTXO model without acknowledgment ADA is holding above the 20-day EMA at $0.1682 after a bullish RSI divergence formed at the June lows Cardano trades at $0.1667 on July 10, up 0.24% and clinging to support after a week dominated by US-Iran volatility, a retirement rumor, and a public confrontation with the Ethereum Foundation. Is ADA Finding Support At The 20-Day EMA? ADA 1D Price Action (Source: TradingView) The daily chart shows ADA sitting just above the 20-day EMA at $0.1682, a level that has acted as the pivot point throughout this recovery from the June low near $0.14. Price dipped to $0.1656 intraday before recovering, and the RSI divergence tool shows a bullish signal still active at 47

The post Circle’s USDC Bridge Could Change How Stablecoins Move Across Chains appeared on BitcoinEthereumNews.com. Circle launches USDC Bridge for direct cross-chain transfers as OCC approves its national trust bank plan. Circle has launched USDC Bridge to help users move USDC directly across supported blockchains. The product is designed to reduce extra steps in stablecoin transfers. The company said the bridge avoids extra asset selection, hidden routing logic, and liquidity pool dependency. This gives users a more direct path between chains. The launch comes as stablecoins remain central to trading, payments, and on-chain settlement. USDC is widely used across apps, exchanges, and DeFi markets. Circle also received final approval from the OCC to form a national trust bank. Its shares rose more than 7.7% in pre-market trading after the announcement. Circle Launches Direct USDC Bridge USDC Bridge gives users a direct way to move USDC across supported networks. The product was built by

Circle launches USDC Bridge for direct cross-chain transfers as OCC approves its national trust bank plan. Circle has launched USDC Bridge to help users move USDC directly across supported blockchains. The product is designed to reduce extra steps in stablecoin transfers. The company said the bridge avoids extra asset selection, hidden routing logic, and liquidity […] The post Circle’s USDC Bridge Could Change How Stablecoins Move Across Chains appeared first on Live Bitcoin News.