CryptoPit

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.   💬 What’s your take on this proposal? How would this move affect long-term ADA value?   👉 Complete daily tasks on Task Center to earn Binance Points:   •  Create a post using #CardanoDebate , or the $ADA cashtag   •  Share your Trader’s Profile,   •  Or share a trade using the widget to earn 5 points! (Tap the “+” on the Binance App homepage and select Task Center) Activity Period: 2025-06-14 06:00 (UTC) to 2025-06-15 06:00 (UTC) Rewards are first-come, first-served, so don’t forget to claim your points daily!   🚨 Trader’s League Season 2 is live: Create a post with the Trade Sharing widget and #TradersLeague to unlock extra rewards! 👉 Full T&Cs here 👉 Explore Trader’s League