Glacier Drop Portal Reopens as Midnight Foundation Confirms Security

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 Cardano Founder Hoskinson Denies Retirement Rumors With ADA Near $0.17 appeared on BitcoinEthereumNews.com. Cardano News Charles Hoskinson has firmly denied that he is stepping away from Cardano, calling the claim a complete fabrication in a video recorded this week. The Cardano founder blamed out-of-context clips and reaction videos for spreading a false narrative that he had branded the network a failing project. He said the rumor traveled far enough that a London taxi driver repeated it to visiting supporters, and that contacts at a partner firm relayed the same story to their own chief executive. Hoskinson urged the community to share the clip with anyone repeating it, stressing that he remains actively engaged across the ecosystem and its ongoing development roadmap. The denial arrives against a backdrop of governance turbulence that has tested community confidence. EMURGO, one of Cardano’s founding entities, exited the network’s Pentad governance body following a wallet

The post ADA Price Prediction: $0.165 Is the Last Line of Defense — A Flush to $0.13 Is the Higher-Probability Path appeared on BitcoinEthereumNews.com. Ted Hisokawa Jul 10, 2026 07:38 ADA’s momentum has zeroed out completely at $0.17 with Bollinger Bands compressing to dangerous tightness — a directional move is imminent. Assign 65% probability to a breakdown toward $0.13 and 35… Market Context: Why ADA is Moving Now Cardano is doing absolutely nothing — and that itself is the signal. At $0.1668, ADA is pinned roughly 36% below its 200-day moving average, a structural damnation that no amount of retail positioning optimism can paper over. The asset has been grinding in a multi-cent band for days, and with a daily ATR of just one cent, the market has essentially stopped breathing. There is no fresh catalyst driving this sideways churn. The token recently rejected off the $0.17 handle — which now functions as both pivot and ceiling simultaneously — and has been driftin

The post Cardano Dev Activity Grows as ADA Eyes Top 10 appeared on BitcoinEthereumNews.com. Cardano records 233 weekly code commits, ranking fifth among Layer 1 blockchains as ADA eyes a top 10 return. Cardano recorded 233 code commits over the past seven days, placing it fifth among Layer 1 blockchains.  The figure has brought ADA back into market discussion as traders watch project activity. The latest development ranking comes during a period of improving attention around the Cardano ecosystem.  Market analysts are tracking whether stronger building activity can support ADA’s wider recovery. Cardano has also seen discussion around ecosystem growth, on-chain activity, and a recovering market value.  These factors are being reviewed together, rather than through price action alone. ADA’s possible return to the top 10 cryptocurrencies by market value remains a key market topic.  That outcome would depend on continued activity, demand, and broader crypto conditions. Cardano Ranks Fifth

Cardano records 233 weekly code commits, ranking fifth among Layer 1 blockchains as ADA eyes a top 10 return. Cardano recorded 233 code commits over the past seven days, placing it fifth among Layer 1 blockchains.  The figure has brought ADA back into market discussion as traders watch project activity. The latest development ranking comes […] The post Cardano Dev Activity Hits 233 Commits as ADA Eyes Return to Crypto Top 10 Soon appeared first on Live Bitcoin News.