The post Cardano’s wallet hack exposed the user layer holding its on-chain government together appeared on BitcoinEthereumNews.com.
EMURGO said it is stepping down from its role in Pentad, the five-member group coordinating Cardano’s infrastructure funding, to focus resources on recovering funds lost in the SecondFi exploit. The attack exploited a flaw in SecondFi’s wallet address-generation system, draining roughly $2.4 million in ADA from 374 wallets. A wallet-layer product failed, and EMURGO, one of Cardano’s founding entities, stepped back from an infrastructure coordination role as recovery work began. Cardano’s governance system, which grew during its Voltaire era, adds a second layer to the story because the product failure sits inside the same wallet environment where ordinary ADA holders delegate and vote. Yoroi’s help documentation says users can delegate voting power to Yoroi’s own DRep, delegate to a different DRep, abstain, or select no confidence, all from inside the wall
The post Can Cardano (ADA) Reclaim $1 in 2026: 3 AIs Weigh in appeared on BitcoinEthereumNews.com.
“Reclaiming $1 in 2026 is mathematically and technically possible for Cardano (ADA), but it faces a steep, uphill battle,” Gemini stated. June was not kind to Cardano’s native token, whose price briefly crashed below $0.14, marking the lowest point since 2020. Fortunately for the bulls, the asset started July on the right foot, temporarily recovering to roughly $0.20, and is currently trading at around $0.17, representing a 14% increase over two weeks. It will be interesting to see whether ADA can extend its positive momentum in the following months and reclaim the major milestone of $1 before the end of the year. Below is the perspective of three of the most widely used AI-powered chatbots. Possible But Quite Difficult Task ChatGPT estimated that ADA could reach $1 sometime this year, but warned that this will be extremely challenging given current levels. OpenAI’s platform claimed tha
The post Analyst Predicts ADA Rally if Cardano Price Defends $0.16 Level appeared on BitcoinEthereumNews.com.
Cardano price held above $0.16 on Thursday as ADA traded near $0.170 after a modest daily gain. The token increased 1.75% in 24 hours and gained 4% in the last week. The action comes after a broader crypto market rebounded after the recent consolidation and heavy risk-off selling. Crypto Market Rebound Strengthens ADA Above Key Support The overall crypto market value increased by 1.26% to reach 2.17 trillion as buyers were back to key assets. Analysts attributed the recovery to new institutional buying of Bitcoin and improved optimism about the next Cardano network upgrades. Bitcoin price surged above $63,000 in a short-term resistance test amidst renewed geopolitical stress. Ether also rebounded to around $1,750, and bulls were looking at a potential upward shift to $1,800. XRP price was in a narrow range around $1.03. The market has been cautious since the United States and I
Cardano’s road to the Chang hard fork is now deep in the practical maintenance stage. The release of Node 9.0.2 is not the kind of update that generates glossy marketing, but it is exactly the kind of technical cleanup t
Ethereum researchers propose native UTXO support to cut permanent state by 99.8%, prompting Hoskinson to highlight Cardano's decade-long eUTXO head start.
The post Cardano’s eUTXO Model Takes Center Stage as Ethereum Eyes UTXO Adoption appeared first on 99Bitcoins.
The post ChatGPT gave OpenAI a $1 trillion valuation, Stargate LLM shares that upside with users while Ethereum, ADA prices tumble appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Stargate LLM is gaining attention as investors compare crypto-native AI models with traditional AI platforms and explore community-focused alternatives. Summary Stargate LLM promotes community-focused AI crypto model as OpenAI’s losses fuel debate over AI ownership and value sharing. The project is gaining attention as investors compare subscription-based AI models with blockchain ownership structures. Stargate LLM has launched an AI-focused crypto presale, highlighting community supply allocation amid growing interest in decentralized AI. OpenAI loses roughly $1.22 for every $1 it earns, and internal projections point to $14 to $27 billion in losses this year alone, with the c
The post Cardano DRep Rejects Wirex 3.96M ADA Proposal appeared on BitcoinEthereumNews.com.
Cardano DRep votes no on Wirex’s 3.96M ADA Treasury request, citing unclear deliverables and disclosure gaps. A Cardano delegated representative has voted against a Treasury proposal seeking 3,961,538 ADA for a Wirex payments project. The proposal is titled “Bringing Real-World Payments to Cardano with Wirex” and focuses on payment infrastructure. The DRep said the goal of expanding Cardano payments is valid, but the current request lacks detail. The vote adds attention to Cardano governance, Treasury spending, and the need for clearer project disclosures. DRep Questions Wirex Treasury Request The DRep said Wirex has experience in card issuance and regulated payment services. However, the statement said the proposal does not clearly define what Cardano receives. That concern became the main reason for voting against the funding request. As a DRep, I vote NO on the proposal: Withdraw 3,961,538 a
