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#ADA/BNB $ADA Cardano Founder Hints at Game-Changing Release for ADA This August
In a recent tweet, Cardano founder Charles Hoskinson hinted at a release slated for mid-August. However, this doesn't have to do with a network upgrade, although the Cardano network has a slew of improvements in the works, and it wouldn't be surprising to see some of these launch in the coming weeks, beginning from August.
Hoskinson's tweet offered an update on the audit report for Input Output (IO) ADA holdings, which is related to the impending release.
I just received the first copy of the audit report. I requested a lot more detail and context in several areas, but it's shaping up quickly. I believe we are on schedule for a mid-August release, assuming the work continues at this pace and there are no delays. I will read the…
— Charles Hoskinson (@IOHK_Charles) July 20, 2025
The Cardano founder added that if progress continues at the current pace and there are no delays, this is on track for a mid-August release.
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In his tweet, Hoskinson highlighted his commitment to transparency by announcing plans to read the entire audit report live via livestream once it’s available.
To add further openness to the process, a dedicated website will be launched, housing not just the audit report but also historical artifacts from the initial ADA sale, giving the crypto community access to facts and documents previously unseen. According to Hoskinson, more updates will be delivered by an IO team member in early August.
What's in store for Cardano network for Q2, 2025?
Input Output engineering (IOE) has laid out a proposal for the second half of 2025 through the first half of 2026, which outlines continued support for the Cardano codebase and infrastructure, including fixing issues, addressing technical debt and improving performance.
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The proposal highlights road map priorities for scalability, usability and interoperability as well as key developments aimed at enhancing Cardano's core infrastructure, smart contract capabilities and user experience, such as Hydra (Cardano's Layer-2 scaling solution), Mithril, Leios (increasing network throughput), Plutus (enhancing smart contract capabilities) and nested transactions (Babel fees), among others.
The proposal intends to promote the completion of Hydra v1.0 on mainnet, ongoing efforts toward a lightweight node and interoperability with Bitcoin Lightning, as well as a comprehensive audit of Cardano's Layer-2 state channel solution.
This, combined with strong proposals from the larger developer community, is intended to take Cardano where it needs to go next, contributing to a holistic vision for the platform's future.

#Pi Network, a cryptocurrency project, was launched on March 14, 2019, also known as Pi Day, by a team of Stanford PhDs. The project aimed to create a cryptocurrency that could be mined on mobile devices without excessive battery drain or the need for specialized hardware. The project has seen significant user growth, reaching millions of subscribers by 2022, but has also faced scrutiny due to its extended testnet phase and lack of publicly traded coins.
Here's a more detailed look at the Pi Network's history:
Founding and Launch:
Pi Network was founded by Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillip, all Stanford PhDs. The project launched its mobile mining app on Pi Day, March 14, 2019.
Mobile Mining Focus:
The core idea behind Pi Network was to allow users to mine the cryptocurrency using their smartphones, making it accessible to a wider audience without the need for expensive equipment or high energy consumption.
Rapid User Growth:
The project experienced rapid user growth, reaching over a million subscribers by the end of 2019 and exceeding 33 million by March 2022.
Halving:
Like many other cryptocurrencies, Pi Network implemented halving, where the mining rate was reduced by half after reaching certain user milestones.
Testnet and Mainnet:
Pi Network has been in a testnet phase for a significant period, and its open mainnet, which allows for real-world transactions and price discovery, launched on February 20, 2025.
Controversies and Scrutiny:
Despite its popularity, Pi Network has faced criticism due to the lack of a publicly tradable coin and the extended testnet period.
Recent Developments:
Pi Network's open mainnet launch in February 2025 marked a significant step, enabling real-world transactions and the potential for official price discovery.
Price Fluctuations:
Following the mainnet launch, Pi coin saw initial price surges on decentralized exchanges and over-the-counter platforms, but also experienced a subsequent price decline.
Future Outlook:
Pi Network's future hinges on its ability to deliver on its promises, including successful mainnet implementation, real-world use cases, and sustained community engagement. #PiCoreTeam #Pioneers👫great