ADA Surges 4.67% on Binance Amid ETF Listing, Major Upgrades, and Record Developer Activity

ADAUSDT has risen 4.67% in the past 24 hours, currently trading at 0.6385 USDT on Binance. The price increase is attributed to a bullish breakout from a falling wedge pattern, positive market sentiment following Bitcoin's new all-time highs, and increased open interest in ADA derivatives, indicating new capital inflows. Additional drivers include Cardano's addition to Grayscale’s ETF after SEC approval, the launch of the Astrolescent bridge to Radix, major governance upgrades, and the distribution of 24 billion NIGHT tokens through the Midnight privacy layer airdrop. Cardano also maintains strong developer activity, ranking fourth globally. Trading volume remains robust, reflecting active market participation and ongoing volatility, with ADA’s market capitalization estimated between $21.29 billion and $22.64 billion and a circulating supply of about 35.4 billion tokens.