ADA Surges 4.7% as Cardano Unveils Bitcoin DeFi and Eyes Nasdaq ETF Inclusion

Cardano (ADA) has experienced a 4.70% price increase over the last 24 hours, currently trading at $0.7001 with a 24-hour open of $0.6687, according to Binance data. The primary drivers of this price movement are recent major announcements by Cardano founder Charles Hoskinson, including upcoming XRP support for the Lace wallet and the launch of the Cardinal protocol, which enables Bitcoin-based DeFi on Cardano. These developments have contributed to heightened market interest and increased ADA futures open interest, which reached $833 million, the highest since February. Additionally, Nasdaq's filing to include Cardano in its crypto benchmark, potentially allowing ADA to be covered by the Hashdex Nasdaq Crypto Index US ETF pending SEC approval, has further supported positive sentiment. Despite a recent decrease in daily active addresses to 9,039, ADA has demonstrated strong trading activity, with a 24-hour volume of $525,555,444.49 and a market cap of about $24.91 billion, reflecting renewed bullish momentum amid ongoing ecosystem expansion and broader market volatility.