ADA Surges 2.28% as Grayscale ETF Approval and Mainnet Upgrade Fuel Cardano Momentum

Cardano (ADAUSDT) has experienced a 2.28% price increase over the past 24 hours, with the current price at $0.6002 on Binance, up from a 24h open of $0.5868. The primary drivers of this upward movement include the SEC’s approval of Grayscale's Digital Large Cap Fund as a spot ETF—enabling ADA to be traded on NYSE Arca alongside other major cryptocurrencies—and a broader market rally that led to increased trading activity and significant short liquidations. Additional bullish sentiment was supported by technical indicators such as the formation of a "golden cross" and news of an upcoming mainnet upgrade (Leios), which aims to enhance the Cardano ecosystem. Trading volume remains robust, with 24-hour figures exceeding $800 million and market capitalization at approximately $21.66 billion, reflecting Cardano's position among the top cryptocurrencies by market cap.