📉 Cardano Drops 6% After Charles Hoskinson Proposes $100M DeFi Plan
The proposal to deploy 140M ADA (~$100M) from the treasury to purchase BTC and native stablecoins like USDM, USDA, IUSD has definitely shaken the community.
🟢 Some say it's visionary — a push toward DeFi maturity and long-term sustainability.
🔴 Others worry it's too risky, especially given the current market volatility and governance concerns.
💬 My take: While diversification is smart, transparency and strong governance are non-negotiable. ADA’s long-term value depends on how well this is executed — it’s a make-or-break moment.
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