ADA Faces 3.38% Dip After Volatile Week, $600M Treasury Issue and Exchange Withdrawals Stir Market
Cardano (ADA) is currently trading at $0.7327 on Binance, reflecting a 3.38% decline over the past 24 hours, with recent daily trading volumes fluctuating between $105 million and $120 million and a circulating supply of approximately 35.32 billion ADA. The recent price drop follows a week of notable volatility and a 14% gain, attributed to both broader market corrections and specific events such as the reported $600 million discrepancy in Cardano’s treasury, which has raised governance concerns, and significant ADA withdrawals from centralized exchanges, interpreted by some as a sign of growing investor confidence. Additionally, Cardano’s active participation in GITEX Europe 2025 and continued leadership in core developer activity have maintained investor interest, though overall developer engagement has declined.
ETH Sees $570M Whale Sell-Off Amid Volatility, Yet ETF Inflows Signal Bullish Momentum
Ethereum (ETH) is currently trading at $2,490.70 on Binance, with a 24-hour trading volume of approximately $13.12 billion and a 2.61% decline from the previous day's open of $2,557.49.
The recent price decrease is primarily attributed to significant profit-taking by large holders, including a notable sale of over $570 million in ETH within a 48-hour period, as well as broader market volatility driven by new U.S. tariffs on European Union imports. Despite these pressures, strong net inflows into Ethereum ETFs, particularly BlackRock’s $52.8 million acquisition for its iShares Ethereum Trust, and increased spot trading volume reflect sustained institutional and retail interest. Technical indicators such as a bullish MACD crossover and a positive funding rate on perpetual futures suggest underlying bullish sentiment, though the market is experiencing thinner liquidity ahead of the Memorial Day holiday, which may contribute to short-term price volatility.
Dropped into @kasudotfun today
An NFTs battling for “Web3 crush appeal,” Trump vibes, or apocalypse survival. Launched on @virtuals_io.
It’s absolutely unhinged in the best way. But here's the real alpha:
→ You're not just betting on NFTs. You're betting against the AI’s cultural judgment.
I backed ONI #3087 to impress a Web3 crush (look at that art bro), but AI chose Azuki.
Cool. I get it. Anime supremacy.
But how does the AI actually decide?
There’s no visual breakdown, no rationale, no post-match summary.
I'd love to see:
A simple post-battle AI explanation: “Chosen for higher rarity, Twitter mentions, community sentiment, etc.”
Snapshot-based betting history: who flipped sides, who went early, who rode the underdog
Also found a small bug:
→ If you refresh mid-vote, the “Lock In” UI sometimes resets or disappears completely. Had to hard refresh to bring it back.
This could be a goldmine for IP-based games & social engagement.
hey @frankdegods, imagine Mad Lads vs Degods in here. Cultural warzone.
Tagging @kasuintern @kasudotfun, you’re onto something wild. Just needs sharper mechanics to match the crazy premise.
AI is good for stocks.
Workers can be replaced with AI.
AI makes business processes more efficient.
AI can help manage factories, design products.
AI gives you business intelligence on a level never seen.
We (as consumers) tend to think of how chat gpt is useful for writing, generating images, thinking through problems.
But the real gain is for large companies. Think of how AI will make Microsoft more efficient. How it will help Amazon's logistics. How it will help automate HR, procurement, price setting, customer service.
Now, add stablecoins to the mix.
The entire process becomes much more fluid.
All settlements become instant.
Chargebacks drop dramatically.
New geographies open up for American service exporters.
And what's good for stocks is good for the American consumer. With the wealth effect from stocks and increasingly Bitcoin, spending does not decrease.
In fact it goes up.
🪸 THE LAST TWO WEEKS AT REEF 🪸
Friday, May 23, 2025
- Meeting with oracle protocol team; reviewing proposal
- Attended Consensus where we met team members from Mercado Bitcoin, Tatum, Kast, and many other companies
- Began filling out fiat on-ramp provider onboarding form; almost ready to submit
- Paid first half of football team sponsorship fee
- Met with football team leadership to begin discussing marketing opportunities
- Had a first meeting with team that builds AI agents
- Working out some bugs on mobile app before new Android build and iOS App Store submission
- In discussion with proof of attendance protocol about expanding to Reef
- Discussed media incubator opportunity; decision is yes, just need to pick the right time
- Sent 2 billion REEF to Paribu; waiting to receive matching REEF-BSC
- Discussed blockchain upgrade proposal in-depth with solution provider; waiting on final approval internally
- Burnt 500 million REEF on BNB Chain
- New version of Ledger app is now in internal testing
- Discovered a bug in Remix; fix is in progress
- Had some issues with primary RPC; resolved, and backup RPC will be live soon
- Had a meeting with a major custodial provider
- Added official ReefSwap listing to DappList
- Spoke with a video production firm
- Had a call with a specialized token management company
- Reviewed first bits of content from new marketing agency
- Having difficult time finding someone to finish necessary technical task for Hotcoin listing; cautiously optimistic we have found someone
- Backend development work completed for new incentive campaign; front end development coming next, then launch
- MotoDEX beta testing completed