Charles Hoskinson's proposal to use 140 million ADA (~$100 million) from the Cardano treasury to buy BTC and Cardano-native stablecoins (USDM, USDA, iUSD). The goal is to stimulate the growth of the DeFi ecosystem. 
📉 Market reaction
After the announcement, ADA dropped about 6%, moving within $0.62–0.65, with support around $0.64. 
💬 Arguments 'for'
• Increased liquidity: the influx of BTC and stablecoins could strengthen DeFi on Cardano and generate treasury income.
• Long-term potential: supporters see this step as a path to network maturity.
⚠️ Arguments 'against'
• Price pressure: critics warn that a mass sell-off of ADA could trigger a drop to $0.50–0.60. 
• Governance concerns: there is worry that decisions are made from the top down and are not sufficiently transparent.
📊 Technical and fundamental facts
• Cardano's TVL remains low (~$356 million), with only $31 million in stablecoin — compared to Solana, which has $11 billion.
• Nasdaq Crypto Index added ADA on June 10 → price increased by ~3% before the crash.
• Whales are accumulating: large holders are consolidating positions — about 170 million ADA.
🧭 Summary
• Positive expectations: increased liquidity that could support DeFi development.
• Risks: potential short-term price shock and a crisis of trust in the community's voice.
📌 What to watch next
1. Sell-off wave – track the volume of ADA sales from the treasury.
2. Community mood/voting Voltaire – will there be support for the proposal?
3. Price range – holding the support level of $0.62–$0.65 = key to stabilization, a breakout to $0.70 will change the tone.