Cardano is witnessing significant recent developments, despite a sharp decline in ADA token price. Grayscale, the leading digital asset manager, has added Cardano to its Smart Contract Fund, solidifying ADA's third position with a ratio of 22.91%. 🤝

Rumors of a partnership with Ripple are circulating as a video from Ripple on X suggests a potential collaboration. Charles Hoskinson, the founder of Cardano, has hinted at an upcoming integration with Bitcoin.

ADA's price is currently down 16% for the week, trading at $0.56. Despite the bearish environment, levels of $0.58 and $0.45 remain strong support. 🎯

The likelihood of an ADA ETF being approved in the U.S. is declining, from 70% to 52%.