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Mr Usama33
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#CardanoDebate 🔍 Latest News Snapshot 1. Price dip amid stablecoin liquidity debate ADA dropped roughly 6% on June 13, falling from about $0.68 to lows near $0.625 before rebounding to ~$0.64 . This movement stemmed from heated discussion within the Cardano community around a proposal to deploy 140 million ADA (≈ $100M) from the treasury to boost stablecoin liquidity . 2. Charles Hoskinson defends the proposal Hoskinson argues the treasury could be used gradually via OTC trades and execution tools to reduce market impact . He admitted that Cardano's “stablecoin situation” is a weak spot hurting its DeFi growth . 3. Community divided Some investors and influencers are wary, warning that such a large token release could worsen price declines due to front-running and dumping . Others believe strengthening stablecoin liquidity is a necessary step to unlock Cardano’s DeFi potential. --- 🧭 What This Means Short-term: Volatility is likely to continue as debates unfold and market participants react. Mid- to Long-term: If executed carefully, boosting stablecoin liquidity could revitalize Cardano’s DeFi ecosystem and restore trader interest.
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As of June 6, 2025, Ethereum (ETH) is trading at approximately $2,412.33 USD, marking a 7.5% decline over the past 24 hours. The day's trading range has seen a high of $2,634.75 and a low of $2,412.33. This downturn follows Ethereum's recent peak of $2,789 on May 29, 2025. Analysts suggest that if ETH fails to hold above $2,500, it could test support levels around $2,275, with further downside potential to $2,027 or even $1,845 if bearish momentum continues. On the positive side, a significant transaction involving a wallet linked to ConsenSys acquired over $320 million worth of ETH, with $120 million staked through the Liquid Collective protocol, indicating strong institutional interest. #CircleIPO #MyCOSTrade #TrumpTariffs #EDGENLiveOnAlpha #Binance $ETH
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