ADA Surges 5.82% as Binance Soft Staking, Grayscale ETF, and U.S. Policy Boost Momentum

Cardano (ADAUSDT) has experienced a 5.82% price increase over the last 24 hours, rising from 0.6167 to 0.6526 USDT on Binance. The price change is attributed to several key developments, including ADA’s addition to Binance's Soft Staking program, its inclusion in a newly approved Grayscale ETF alongside XRP and Solana following recent SEC regulatory changes, and increased attention from U.S. policymakers referencing ADA in discussions about a proposed U.S. Crypto Reserve. These events have contributed to heightened trading activity and bullish sentiment, as reflected in a significant rise in trading volume and liquidations earlier in the week. Currently, ADAUSDT is trading with strong volume and market capitalization between $20.47 billion and $23.12 billion, maintaining its position among the top cryptocurrencies.