🚨 Cardano Faces Jitters After $100M DeFi Push by Hoskinson

📉 ADA slips 6% to $0.63 after Charles Hoskinson proposes deploying 140M ADA (~$100M) from Cardano’s treasury to supercharge its DeFi ecosystem.

🔁 His plan? Buy BTC and Cardano-native stablecoins (USDM, USDA, IUSD) to boost liquidity and utility across the network. The move comes amid Leios' 1,000 TPS benchmark and Franklin Templeton’s node activity.

🧠 Split Reactions:

✔️ Supporters: Call it bold—DeFi dev magnet, ecosystem upgrade.

⚠️ Critics: Say it’s risky. Bearish signals flash with RSI at 38.89, a bearish MACD crossover, and Open Interest down 7%.

🐳 Whale Watch: 80M ADA scooped up recently, hinting at accumulation—but still no clear trend.

🧾 Grayscale's Cardano ETF sits at 75% approval odds, with SEC’s verdict expected July 15.

⏳ With volatility high and governance under the spotlight, Cardano’s DeFi gamble is at a crossroads.

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