$ADA 🗞️ Recent Highlights

1. Cardano Foundation launches Originate

The blockchain tool “Originate” has been deployed to verify the origin and authenticity of products, aimed at businesses. This idea helps increase the value of practical use and can support market sentiment .

2. Whales sell off over 270 million ADA (~$170 million)

Whale trading has put some slight pressure on prices, but then rebounded slightly around $0.6229 .

3. Discussion on proposal to spend 100 million ADA from the treasury fund to promote DeFi/liquidity stablecoin/BTC

• ADA dropped about 6% (down to ~$0.6412) when the proposal was made .

• Charles Hoskinson – the founder – strongly supports it. However, the community has many debates surrounding whether to implement it gradually and market risks.

4. DeFi Development: Cardinal protocol integrates Bitcoin & ADA liquidity added to Nasdaq index

These developments open up the possibility for ADA to attract institutional capital, reinforcing long-term prospects