ADA Surges 2.23% as Cardano Treasury Allocates $70M and Binance Launches New Holding Feature

Cardano (ADAUSDT) has experienced a 2.23% price increase over the past 24 hours, with the current price at $0.7394 on Binance and a 24-hour opening price of $0.7233. The uptick in price and trading volume, which exceeded $1 billion, can be attributed to several recent developments: Binance's launch of a 'Holding Interest' feature for ADA, Cardano community approval of a $70–$71 million treasury allocation for network upgrades (including Hydra and Acropolis), and the ongoing Midnight (NIGHT) token airdrop, which has driven increased activity among ADA holders. Additionally, Cardano's transition into the Voltaire governance era and active community engagement have contributed to positive sentiment. Despite these supportive factors, the broader market context remains mixed, with ADA showing a 2.75% decline over the past week but a 22.81% gain over the past month. Cardano's market capitalization stands at approximately $26.72 billion, with a circulating supply of around 36 billion ADA tokens. The most active trading pair is ADA/USDT on Binance, which reported a 24-hour trading volume of $60.6 million.