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#CardanoDebate Cardano founder Charles Hoskinson has proposed using 140M ADA (~$100M) from the treasury to boost DeFi growth by purchasing BTC and Cardano-native stablecoins (USDM, USDA, IUSD). ADA dropped 6% following the announcement, as the community remains divided. Some see it as a bold step toward ecosystem maturity, while others argue it’s risky given market conditions and governance concerns.
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#pnl start staking
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$ADA Dips 2.53% Amid Major Sell-Offs, But Nasdaq Listing and New Products Signal Long-Term Growth Cardano (ADA) is currently trading at $0.6253 on Binance, reflecting a 2.53% decline over the past 24 hours from a 24h open of $0.6415. The recent price drop is primarily attributed to continued large-scale sell-offs by major holders, with over 270 million ADA sold in late May, combined with broader market volatility driven by macroeconomic uncertainties and geopolitical risks. Technical indicators remain bearish, with the RSI below 30 and a downward-trending MACD, signaling persistent selling pressure. Despite the negative short-term sentiment, recent developments such as Cardano’s addition to the Nasdaq Crypto Index, the launch of the Originate enterprise product, and ongoing community discussions around a $100 million stablecoin liquidity proposal are supporting long-term ecosystem growth and institutional interest. Trading activity remains high, with the ADA market experiencing heightened volatility and significant derivative liquidations as bearish sentiment dominates.
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#IsraelIranConflict *BREAKING 🚨* *🇮🇷 Iran Raises the Red Flag of "Revenge" Over Jamkaran Mosque* In a powerful symbolic gesture, Iran has hoisted the red flag of "revenge" atop the Jamkaran Mosque in Qom. This rare act signifies a call for justice and retribution, traditionally reserved for times of profound national mourning and outrage. The last notable instance was following the assassination of General Qassem Soleimani in 2020. The current raising of the flag comes in the wake of the killing of Hamas leader Ismail Haniyeh in Tehran, an act Iran attributes to Israeli forces. Supreme Leader Ayatollah Ali Khamenei has vowed severe punishment, stating, "Following this bitter, tragic event which has taken place within the borders of the Islamic Republic, it is our duty to take revenge." The red flag, inscribed with "O ye avengers of Hussein," symbolizes a readiness to avenge unjust bloodshed, drawing from Shiite history and the martyrdom of Imam Hussein. Its display underscores Iran's commitment to responding decisively to perceived aggressions. *Market Reactions:* - *Bitcoin (BTC):* Currently trading at 104,841, down 2.08 - *Ethereum (ETH):* Currently at2,541, a decrease of 7.38%. - *S&P 500 ETF (SPY):* Trading at 603.75, up 0.36 - *Gold ETF (GLD):* Trading at312.20, up 1.23%, as investors seek safe-haven assets amid the geopolitical turmoil. Stay informed and vigilant.
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$BTC Slides 2.1% After US PPI Data, $327M Liquidated as Bitcoin Holds Near All-Time High BTCUSDT declined by 2.10% over the last 24 hours, with the current price at $104,735.53 on Binance. This price movement is primarily attributed to increased market volatility following the release of the U.S. Producer Price Index at 2.6%, which influenced expectations for Federal Reserve rate decisions and triggered over $327 million in liquidations, including $235.38 million from long positions. Despite the recent pullback, Bitcoin remains near its all-time high of $112,000, supported by robust institutional demand, significant ETF inflows, and post-halving supply constraints. Trading volume remains elevated, with 24-hour volume at approximately $43.13 billion and market capitalization above $2 trillion, reflecting continued strong interest and liquidity in the market.
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