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Cardano

Cardano (ADA) was founded in 2017 by Charles Hoskinson, co-founder of Ethereum, as a third-generation blockchain platform built on peer-reviewed academic research and formal verification methods. Using the energy-efficient Ouroboros proof-of-stake consensus mechanism, Cardano aims to provide a more sustainable and scientifically rigorous approach to blockchain development than its predecessors.

The Cardano ecosystem centers around its native ADA token, which enables staking rewards for network validators, and a growing collection of decentralized applications following the launch of smart contract functionality through the Alonzo upgrade. The platform emphasizes interoperability, sustainability, and scalability while supporting DeFi protocols, NFT projects, and identity solutions across emerging markets, particularly in Africa through partnerships with governments and educational institutions.

At CoinDesk, we provide comprehensive Cardano news coverage tracking the platform's methodical development approach, major protocol upgrades, and real-world adoption initiatives. Our reporting covers everything from staking developments and DeFi growth to Cardano's unique governance model and expanding partnerships in developing nations.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Cardano

Markets

Cardano Drops 3% as Market Sell-Off Persists, Midnight Airdrop Sparks Volatility

ADA struggled to hold $0.740 amid broader crypto weakness, heavy trading volume and distribution pressure following the NIGHT token airdrop.

By Helene Braun, CD Analytics

ADA struggled to hold $0.740 amid broader crypto weakness, heavy trading volume and distribution pressure following the NIGHT token airdrop.

Tech

Cardano Community Approves $70M Core Dev Budget, Boosting ADA Prospects

Proposed technical implementations are designed to lead to increased developer activity and new use cases for applications on the network, contributing to demand for ADA, the network’s gas token.

By Shaurya Malwa

Rolls of dollar bills of varying denominations. (NikolayFrolochkin/Pixabay)

Markets

Dogecoin, Cardano, XRP See Profit-Taking, BNB Crosses $800 as Economists See Lower Chances of July Rate Cut

The U.S. Federal Reserve remains under intense political pressure ahead of its July 30 meeting, with President Trump and some of his appointees openly calling for rate cuts despite sticky inflation.

By Shaurya Malwa

Federal Reserve stamp on a document

Markets

Cardano, Dogecoin, XRP Lead Market Rebound as Crypto Bets Surge Post-GENIUS Act Clearing

These assets tend to rally in tandem with ETH during periods of rising market confidence, especially when capital flows into Ethereum Layer 1s and older majors in search of beta.

By Shaurya Malwa

Rally. (mibro/Pixabay, modified by CoinDesk)

Finance

Cardano Foundation Increased Spending on Core Areas by 15% Last Year

Spending on adoption, operational resilience and education rose to $22.1 million.

By Oliver Knight

Frederik Gregaard (Cardano Foundation)

Markets

Cardano’s ADA Rises as Altcoin Trading Volume Surges Amid Broader Rally

Cardano's native token hits a 5-month high amid global economic uncertainty and technical developments.

By Helene Braun, CD Analytics

Up Arrows (Unsplash)

Markets

Coinbase Brings Wrapped Cardano, Litecoin to Base With cbADA, cbLTC

The exchange rolled out ERC-20 versions of ADA and LTC that are backed on a 1:1 basis, enabling Cardano and Litecoin holders to tap into Ethereum-style DeFi via its Base network.

By Shaurya Malwa

Coinbase (appshunter.io/Unsplash)

Markets

Bitcoin Nears $108K as Fed Rate Cut Bets Rise; Traders Eye Ether, Solana, Cardano

Bitcoin reclaimed $107,000 as retail and institutional flows return, with Powell’s rate-cut hints and risk-on sentiment lifting crypto markets.

By Shaurya Malwa

Bull (Dylan Leagh/Unsplash, modified by CoinDesk)

Markets

Cardano (ADA) Drops Below $0.57 as Sellers Regain Control

ADA dipped below key support at $0.576 despite brief intraday gains, with price ending the session near its daily low amid broad market pressure.

By Siamak Masnavi, CD Analytics

DA falls under $0.57 after brief move toward $0.59.

Markets

Crypto Trader Sees Bitcoin Hitting $160K by Year-End; ETH, SOL, ADA to Gain on Middle East Truce

Crypto majors recover alongside equities as ceasefire steadies risk sentiment, with analysts citing ETF flows and Fed pivot hopes as upside drivers.

By Shaurya Malwa

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