$ADA *Current Price and Market State:**

ADA is currently trading in the range of **$0.63 - $0.71 USD**, showing some fluctuation but generally in a consolidation phase. Some technical indicators suggest it's trying to find a footing, with potential resistance around $0.73-$0.80. While the broader crypto market has seen some volatility recently due to macroeconomic and geopolitical factors, ADA's long-term potential is still a major talking point.

**Key Developments and Debates:**

1. **$100 Million ADA Swap Proposal:**

* **What it is:** Cardano founder Charles Hoskinson has proposed converting **$100 million worth of ADA from the project's treasury into Bitcoin and stablecoins (like USDM, USDA)**.

* **Why:** The primary goal is to **boost Cardano's Decentralized Finance (DeFi) ecosystem** and inject much-needed liquidity, especially in stablecoins, where Cardano currently lags significantly behind competitors. Hoskinson views the current stablecoin situation as "killing Cardano's