Solana Labs co-founder Anatoly Yakovenko criticized Cardano's proposal to convert $100 million ADA in its treasury into Bitcoin and stablecoins as 'stupid', believing it reflects poor financial management and could undermine community confidence in ADA. Cardano founder Charles Hoskinson responded that the strategy aims to strengthen stablecoin and DeFi infrastructure, with a formal proposal planned for submission at Rare Evo. (CryptoSlate)