Cardano ($ADA) is trading at $0.62 against USD, down 6% today amid a heated community debate over a proposed $100M treasury plan to boost DeFi with stablecoins (USDM, USDA) and Bitcoin integration. This month, the price drop follows a 310 million ADA whale accumulation, with support at $0.60 and resistance at $0.70. Trading volume spiked 68% to $505M in the last 24 hours, reflecting active participation despite a 1.8% 24-hour dip. The governance vote, ongoing since June 7, highlights mixed sentiment—bulls eye a potential $1 breakout if approved, while bears cite TVL ($595M) and regulatory risks. Watch for volatility! #ADA #CryptoNews
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