In March 2025, there are interesting developments related to Cardano (ADA):

1. Cardano Founder Residency Program X DraperU

Billionaire investor Tim Draper announced a partnership between the Cardano Foundation and Draper University to launch the Cardano Founder Residency Program X DraperU. This initiative aims to support UTxO-based startups building the future of Bitcoin DeFi. Selected participants will receive a grant of 42,000 ADA and participate in a 5-week residency program at Draper University. The program will commence on March 31, 2025, with the registration deadline on March 1 and the selection announcement on March 15.

2. ADA Price Surge After US Crypto Reserve Announcement

On March 3, 2025, the price of ADA surged by 57%, reaching IDR 17,511, after US President Donald Trump announced that Cardano was included in the US government's strategic cryptocurrency reserve. This announcement spiked investor interest and pushed the price of ADA to a daily high of IDR 18,842, before stabilizing around IDR 17,511.

These developments indicate increasing recognition and support for the Cardano ecosystem, both from the education sector and the government, which could drive further adoption and innovation in the future.

$ADA