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$ADA Cardano founder Charles Hoskinson suggested converting $100 million worth of ADA into stablecoins and Bitcoin. The capital reallocation strategy aims to boost Cardano's DeFi ecosystem. ADA declined by over 4% in the past 24 hours and is now eyeing $0.60 support after seeing a rejection at the upper boundary of a descending channel. Cardano (ADA) declined 4% on Friday as Cardano founder Charles Hoskinson proposed converting $100 million worth of ADA into stablecoins and Bitcoin (BTC) to boost its ecosystem's stablecoin issuance. ADA drops 4% amid Cardano treasury allocation proposal Cardano co-founder Charles Hoskinson has suggested converting $100 million in ADA tokens into Bitcoin and stablecoins. In a YouTube video on Friday, Hoskinson discussed Cardano's low stablecoin issuance within its DeFi ecosystem. "Cardano has a disproportionately low ratio of stablecoin issuance to our DeFi. It sits a little under 10%," Hoskinson said in the video recording on YouTube.
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#CardanoDebate #CardanoDebate Here’s a fresh 150‑word snapshot of Cardano (ADA) as of June 14, 2025: Cardano is trading around $0.64, marking a modest dip today after rejecting the $0.70 resistance earlier this week . Technical momentum remains tilted bearish: ADA broke below an ascending wedge on the 4‑hour chart, while key EMAs (20/50/100/200) loom overhead between $0.68–$0.71 . Indicators show short-term exhaustion—oversold RSI near 38 and MACD flattening—hinting at a possible bounce, but a clear reversal would require reclaiming at least $0.6490–$0.65 . Volume is low and broader altcoin sentiment remains weak, with ADA down ~26 % YTD versus BTC’s 14 % gain . Adding pressure, the Cardano treasury debate over reallocating $100M to stable‑coin liquidity stirred volatility—ADA dropped ~6 % intraday before rebounding to the mid‑$0.64s . In summary: ADA is in a short-term downtrend, likely to linger in the $0.62–$0.65 range unless bullish volume returns. Key pivot: hold above $0.62 or break above $0.65 for next leg.
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$ETH As per data gathered by SoSoValue, Ethereum ETFs have garnered $240.29 million in daily total net inflows on June 11, 2025. It marks their largest day of inflows since February 2 and extends a historic 18-day inflow streak. Meanwhile, Bitcoin ETFs pulled in $164.57 million as funds struggle to maintain momentum in June.Although daily inflows have been low in comparison to BTC, the record-setting consistency of ETH ETFs has seen funds draw $699 million in monthly net inflows, their third-highest on record. So far in June, Bitcoin ETFs have garnered $853.15 million, a departure from the billions in the months prior. If crypto ETF flows continue along their current trend. ETH ETF monthly flows could outperform their BTC counterparts for the first time in 2025.
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$BTC A modestly down day in cryptocurrencies morphed into a deeper selloff late in the in the U.S. day on Thursday. Above $108,000 a few hours ago, bitcoin slid below $106,000. Trump tariff threats and boosted Middle East tensions were among the headlines, though other risk assets didn't seem affected. Cryptocurrencies were broadly lower on Thursday, with the selloff picking up steam in the early U.S. evening hours.
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