Cardano (ADA) is making significant gains in the cryptocurrency rankings with favorable factors ranging from ETFs to groundbreaking airdrop events.
With a jump from 9th to 3rd place last week, ADA has attracted significant attention due to the upcoming ETF event and the Midnight multi-chain Glacier Drop airdrop campaign, creating sustainable development momentum for the ecosystem.
MAIN CONTENT
ADA made a strong ranking jump, from 9th to 3rd place last week with a 6.3% increase.
The SEC's ETF decision is expected to be announced before the end of August, opening up opportunities for attracting institutional capital.
Midnight Glacier Drop is a multi-chain expansion, promoting user engagement and deploying non-disclosure smart contracts.
How did Cardano rise from 9th to 3rd place in just one week?
In the week ending August 7, 2025, ADA recorded a 6.3% increase, rising to 3rd place in the list of the top 10 cryptocurrency assets with the highest weekly yield, just behind XRP and Stellar.
This rise follows ADA's previous loss of 8.1% and currently has a market cap of approximately $28.7 billion. The price of ADA is currently down slightly by 4.79% in 24 hours, trading at $0.7719. The 6.8% increase since the beginning of 2025 indicates stable recovery amid market volatility.
When will the SEC decide on the Cardano ETF and what will be the impact?
The U.S. Securities and Exchange Commission (SEC) is expected to respond to Grayscale's Cardano ETF application by the end of August, though it could be postponed until October 23, 2025. Greater clarity on staking not being a security has raised approval expectations.
The prediction platform Polymarket assesses the likelihood of ADA ETF approval at 75%, down from 89% in mid-July. If approved, the ETF will bring institutional capital into ADA, improving liquidity and driving a price uptrend.
The positive ETF decision will be a turning point for attracting institutional investment and driving the growth of the ADA market.
Charles Hoskinson, Founder of Cardano, 2025
How does the multi-chain Midnight Glacier Drop impact the Cardano ecosystem?
Midnight – a privacy-focused protocol on Cardano – has launched the Glacier Drop airdrop spanning 8 blockchains, including Ethereum, Solana, and Polygon. This campaign aims to promote smart contracts using zero-knowledge proofs.
Over 35,000 users have received more than 739 million $NIGHT tokens, accounting for 3.08% of the total supply, with 63.4% coming from the Cardano network. Multi-chain access helps Cardano expand its community while reinforcing its position through advanced security technology.
What are the developments in the network and key leadership moves of Cardano?
The total value locked (TVL) on Cardano has increased by over $100 million since the end of June, largely thanks to the resurgence of meme coin activity. Founder Charles Hoskinson is preparing to publish the audit report on ADA token management in 2021 by IOG, aimed at transparency following theft allegations.
He also hinted at the possibility of a defamation lawsuit after releasing the report, showing a commitment to protecting personal and project reputation. These steps contribute to increased trust and bolster investor confidence in Cardano.
I just received the first version of the audit report and expect to publish it in mid-August, with full details and context for key issues.
Charles Hoskinson, Founder of Cardano, 20/7/2025
Frequently Asked Questions
How has Cardano risen sharply in price recently?
ADA rose 6.3% in the week ending August 7, 2025, moving from 9th to 3rd place in weekly yield in the cryptocurrency market.
How does the SEC's ETF decision affect ADA?
ETF approval is expected to attract institutional capital and enhance liquidity, driving long-term price growth for ADA.
What impact does the Midnight Glacier Drop have on the Cardano community?
The multi-chain airdrop campaign distributes over 739 million $NIGHT tokens, increasing user engagement and promoting high-security smart contracts on Cardano.
What report will Charles Hoskinson release regarding ADA?
A detailed audit report on ADA token management in 2021 by IOG, aimed at transparency following allegations of token loss.
What is the current value of locked assets on Cardano?
Cardano's TVL has increased by over $100 million since the end of June 2025, supporting more sustainable ecosystem growth.
Source: https://tintucbitcoin.com/cardano-lot-top-3-grayscale/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
