ADA Token Jumps 4.9% as Binance Soft Staking, Major Fund Buy, and Brave Partnership Drive Momentum

Cardano (ADAUSDT) has experienced a 4.90% price increase over the past 24 hours, with the current price at 0.6267 USDT and a 24-hour open of 0.5974 USDT. The recent price surge is primarily attributed to several positive ecosystem developments, including the launch of Binance Soft Staking for ADA, which enables daily rewards without lock-up, and Cardano founder Charles Hoskinson’s proposal to convert $100 million from the Cardano treasury into stablecoins and Bitcoin to support DeFi activity. Additional drivers include increased adoption of the Hydra Layer 2 scaling solution, renewed institutional interest marked by a major fund's purchase of 10 million ADA, anticipation for the upcoming Cardano Summit, and a new partnership with the Brave browser to expand ADA accessibility. Trading volume has surged, reflecting heightened investor interest, and Cardano’s market capitalization now stands at $22.8 billion with a circulating supply of 36 billion ADA, placing it among the top-ranked cryptocurrencies.