Latest news with #Cardano
Yahoo
14 hours ago
- Business
- Yahoo
ADA Slips Below $0.60; 24-Hour Trading Volume Jumps 30% Amid Accumulation Signs
Cardano's ADA ADA token is struggling to maintain upward momentum, sliding to $0.5965 despite signs of support at the $0.60 psychological threshold, according to CoinDesk Research's technical analysis model. Earlier price action suggested a bullish reversal pattern, including a potential triple bottom formation, but the failure to hold $0.60 highlights ongoing weakness in the market. What stands out is the surge in 24-hour trading volume, which rose 30% above its 7-day moving average — a sign of increased market engagement. Although short-term price action remains bearish, the rise in activity combined with a reduction in exchange netflows could indicate that ADA holders are shifting toward long-term storage. With over 2,000 decentralized applications and 10.8 million native tokens deployed on the Cardano network, some traders are positioning for a potential rebound if the broader market stabilizes. Technical Analysis Highlights ADA traded between $0.589 and $0.612 over the 24-hour period, a 3.9% range. After testing support at $0.590, buying pressure pushed the price near $0.609, followed by consolidation between $0.597–$0.603. Final hourly candle closed at $0.5965, confirming a break below $0.60 with no immediate bounce. Uptrend structure of higher lows was disrupted, weakening bullish momentum. A 30% spike in 24-hour trading volume suggests elevated participation, though short-term sentiment remains fragile. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Mail & Guardian
a day ago
- Business
- Mail & Guardian
Charles Hoskinson wants to make ADA an AI crypto – what does it mean?
Crypto enthusiasts know there are few figures as influential as Charles Hoskinson, who is the co-founder of Ethereum and founder of Cardano. Hoskinson is one of the personalities who has been at the forefront of blockchain innovation for years, and lately he has been making waves with its plans to transform ADA, Cardano's native token into the backbone of a decentralized artificial intelligence ecosystem. Experts believe this is an ambitious and bold step in the convergence of two of the most transformative technologies of the moment, which are blockchain and artificial intelligence. In order to make an Discussing the vision Charles Hoskinson's latest statements and directions about projects reveal that he is quite interested in combining blockchain and AI to resist monopolization by big tech companies and preserve decentralization. At the core of his plan to make ADA an AI crypto lays the desire to democratize AI development and deployment, and ensure that no single entity can control its outcomes or growth. Charles Hoskinson has a vision for the future of AI systems: He wants them to be transparent, especially when it comes to decision making He desires for decentralized communities to ethically govern them He wants blockchain technology to be used to create immutable and verifiable systems And he plans to use decentralized computational infrastructure to power them. To this end, the ADA token and Cardano's blockchain are positioned to serve as the foundational elements in this emerging AI economy. Cardano could become the first AI-native blockchain ecosystem if it leverages ADA for governance, computation rewards, and data transactions. Is Cardano suitable for AI? Now this is a question worth answering because it's vital for the project to be suitable for artificial intelligence for the plans to be successful. The Cardano team, together with Hoskinson believe that Cardano has some unique features that make it well-suited for hosting AI systems. The list includes: Formal methods and peer review. Cardano has always stood apart in the crypto sector for its academic rigor. All features and updates are peer-reviewed and grounded in formal mathematical principles. Its approach builds trust, which is critical when dealing with sensitive decisions regarding artificial intelligence, like autonomous vehicles and medical diagnoses. Scalability via Hydra. Scalability has always been a sticking point for blockchain adoption. Cardano's solution is Hydra, a layer-2 scaling protocol designed to significantly increase transaction throughput. For AI, which often requires high-speed data processing, Hydra ensures Cardano can support the necessary bandwidth and latency. Interoperability. Cardano has a special approach to interoperability, which allows it to communicate with other data sources, blockchains, and which could enable AI systems to draw from a wider pool of information. Data is paramount for the success of AI, so this feature is critical. Governance with Voltaire. Voltaire, Cardano's governance system, allows token holders to vote on protocol upgrades and project funding. Applied to AI, this democratic model could allow communities to decide how AI systems are trained, how their outputs are used, and how ethical dilemmas are resolved. Reviewing the key components of Hoskinson's AI strategy Charles Hoskinson has a multi-layered approach to develop an AI-centric crypto ecosystem. Let's have a look at his plan. 1. Integrating AI Agents with Smart Contracts Cardano's smart contract platform, Plutus, will support AI-powered agents – autonomous bots that can negotiate, trade, and make decisions without human input. These agents can interact with decentralized finance (DeFi) protocols, manage supply chains, and even create new AI models by pooling resources. 2. Decentralized AI Marketplaces Using the Cardano blockchain, decentralized marketplaces for AI models, datasets, and computation power can be developed. Developers could offer AI models for rent, users could share data anonymously, and validators could earn ADA for contributing GPU power to AI computations. 3. AI for Blockchain Governance One of the more futuristic aspects of Hoskinson's vision is the use of AI in managing blockchain governance. AI could help detect fraudulent proposals, recommend funding allocations based on network data, and provide predictive analytics for protocol evolution. 4. Partnership with SingularityNET A cornerstone of this plan is Cardano's close collaboration with SingularityNET, a decentralized AI platform founded by Dr. Ben Goertzel. SingularityNET, which moved part of its operations from Ethereum to Cardano, is developing a decentralized network of AI services. The AGIX token (native to SingularityNET) is being bridged to Cardano, allowing for smoother integration between the two ecosystems. SingularityNET and Cardano share a common vision of democratized, ethical AI. Together, they aim to build 'Artificial General Intelligence (AGI)' in a decentralized way, potentially changing how AI is developed and controlled on a global scale. ADA could become the fuel for the AI economy Hoskinson sees Ada, As a payment method for AI services (e.g., model inference, training time, access to datasets). As a tool to incentivize annotation and data sharing. Reward method for decentralized computation providers. As a tool to vote on AI-related governance decisions. If this happens ADA will gain intrinsic value beyond speculation. The demand for decentralized artificial intelligence is higher by the day, so the demand for the cryptocurrency that powers it should follow the same trajectory, which could only reinforce its position as a key player in the new economy. A short look at the roadmap Hoskinson's roadmap for an AI-powered Cardano isn't expected to materialize overnight. The development is expected to progress in stages throughout 2025 and beyond. Key milestones will include: Launch of new AI-integrated dApps. Expansion of the SingularityNET partnership. Rollout of tools for AI agent development. Community governance of AI-related proposals. Integration of off-chain AI computation with Cardano nodes. As expected, academic research, community involvement, and transparent development will stay behind the transformation. If Cardano manages to enter the AI sphere, it could move from being a competitor in the smart contract sector to a pioneer in a new class of decentralized intelligence infrastructure.
Business Insider
a day ago
- Business
- Business Insider
Zodia Custody Expands Institutional Staking with Everstake as Validator Partner Across Multiple PoS Networks
Miami, FL, June 19th, 2025, Chainwire Everstake, a leading global non-custodial staking provider serving institutional and retail clients, has partnered with Zodia Custody, a leading institutional digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank. Through this collaboration, Everstake will support institutional staking for Zodia Custody clients by providing validator infrastructure across multiple Proof-of-Stake (PoS) networks. To align with institutional expectations, Zodia is introducing staking with Everstake. The first tranche brought support for Polkadot (DOT), Cardano (ADA), and Solana (SOL), with Everstake serving as a trusted validator partner across these networks. In the second tranche, the infrastructure will also extend to Ethereum (ETH), NEAR Protocol (NEAR), and Babylon (BABY), with support scheduled to go live in the coming months—further expanding staking capabilities for Zodia clients. Staking is playing an increasingly prominent role in institutional digital asset strategies, but slashing risk, compliance, and infrastructure reliability remain key barriers. This partnership addresses those challenges by combining Zodia's secure, institutional-backed custody platform with Everstake's institutional-grade validator infrastructure, offering 99.9% uptime and full compliance with ISO/IEC 27001:2022, SOC 2 Type 2, and GDPR. Together, they provide a natural solution for institutions seeking secure, compliant staking at scale. By integrating directly into Zodia's custody platform, Everstake enables staking without requiring clients to compromise custody. Assets are staked through Zodia's internal API infrastructure and routed to Everstake's whitelisted nodes. Everstake never accesses customer keys or assets; all operations remain auditable, transparent, and aligned with institutional governance. 'Institutions are looking for ways to put their digital assets to work without compromising on security or compliance,' said Julian Sawyer, CEO of Zodia Custody. 'By partnering with Everstake, we're enabling clients to stake assets like SOL and NEAR directly from custody while maintaining full oversight, control, and governance over the process.' 'We believe staking will underpin the next wave of institutional adoption in digital assets,' said Bohdan Opryshko, co-founder and COO of Everstake. 'Our partnership with Zodia reflects the growing demand for compliant staking infrastructure built to institutional standards. We're proud to support this new tranche of their program and help deliver institutional-grade staking to their clients.' About Zodia Custody Zodia Custody is an institution-first digital assets platform backed by Standard Chartered Bank, SBI Group, Northern Trust and National Australia Bank. Offering a seamless combination of custody, treasury and settlement solutions, Zodia Custody enables institutional investors worldwide to embrace the digital asset future with confidence, security and efficiency. Everstake is a leading global non-custodial staking provider serving institutional and retail clients and enabling secure access to over 85 Proof-of-Stake networks. Founded in 2018 by blockchain engineers, the company supports more than 735,000 delegators, $6.5 billion in staked assets, and 40,000+ active validators — delivering institutional-grade infrastructure with 99.9% uptime and zero material slashing events since inception. Trusted by asset managers, custodians, wallets, exchanges, and protocols, Everstake offers API-first, compliant infrastructure backed by SOC 2 Type 2 and ISO 27001:2022 certifications, GDPR compliance, and regular smart contract audits. Its globally distributed team of 100+ professionals is committed to making staking accessible to everyone while strengthening the foundations of decentralized finance. Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of or otherwise hold or manage customer assets. Everstake does not conduct independent diligence or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake's provision of technology services allowing users to stake digital assets is not an endorsement or a recommendation of any digital asset. Users are fully and solely responsible for evaluating whether to stake digital assets. PR Manager
Geek Girl Authority
a day ago
- Business
- Geek Girl Authority
Cardano Could Become the Fastest Blockchain in the Crypto - If the Next Up Upgrades Go as Planned
At the moment, when the topic of scalable and fast blockchain arises, Cardano is usually overlooked in favor of projects like Avalanche and Solana, but this could change in the near future. Beneath its calm surface, Cardano is gearing up for some potentially revolutionary upgrades, suppose they all work according to the plan. The changes on the horizon could flip the script for this third-generation blockchain because it could enable it to become the fastest blockchain in the sector, which will definitely have an impact on the Cardano USD price. If you're interested in investing in Cardano, it's best to learn what exactly is changing so you can make smart decisions. Cardano's launch differed from others Cardano was developed by Ethereum's co-founder Carles Hoskinson , who came up with the research-first, peer-reviewed philosophy. Some crypto experts were skeptical when they heard about the academic approach he followed because the sector is fast-moving, but it seems that it was the right solution because it enabled him to build one of the most secure and stable blockchain platforms in the industry. Cardano has a layered architecture that allows it to separate the settlement and computational features, so it was designed for scalability from the beginning. However, since its launch Cardano has struggled with one major criticism, its speed. Transactions per second on the mainnet have historically lagged behind the named competitors, and this is why its developers have decided to bring the upgrades into play. Enter Hydra, Cardano's secret weapon At the center of Cardano's speed evolution is Hydra, a layer 2 scaling solution designed to process transactions off-chain while maintaining security and consensus through the main chain. In simple terms, Hydra works by creating multiple 'heads,' or mini ledgers, allowing individual users or groups to transact simultaneously without waiting for global network validation. Each Hydra head can theoretically process up to 1,000 TPS. Multiply that by multiple heads working in parallel, and the throughput potential becomes enormous. Some projections suggest that, at full capacity, Hydra could enable Cardano to handle over 1 million TPS, which means that it far surpasses any other blockchain currently in operation. It's a bold claim for Cardano, but one that's technologically grounded. The question now is not if Hydra can scale, but whether the ecosystem will be ready to adopt it at scale. We can only wait to see if this happens. Mithril could make the ecosystem lightweight, secure, and fast Hydra isn't the only upgrade planned for the blockchain, Mithril is also gaining the public's attention because it is meant to improve the speed and efficiency of node synchronization, which is essential for maintaining a trustless and decentralized environment. Mithril introduces stake-based multi-signature aggregation. In layman's terms, this means faster bootstrapping of nodes without compromising security, a significant advantage for lightweight clients, mobile apps, or decentralized finance (DeFi) services that demand quick access to accurate blockchain states. When Hydra and Mithril will work in tandem, Cardano not only will be able to achieve faster TPS, but also improved transaction confirmation, node syncing, and real-time decentralization. Together they could form the foundation of what might become one of the highest responsive blockchain ecosystems in the sector. The question that bothers many: Could Cardano have both speed and decentralization? Many crypto experts argue that when a blockchain opts for improved speed, it might trade off its decentralization. There were examples in the market of blockchains that opted to compromise their level of decentralization, or adopted more centralized validator structures to improve their transaction speeds. Well, this might not be the case for Cardano, which is attempting something far more difficult, preserving its decentralization while dramatically increasing its speed. With over 3,000 stake pools running the network and a strong incentive model for participation, the Cardano ecosystem remains one of the most decentralized in the industry. If Hydra and Mithril can succeed without sacrificing this decentralization, Cardano may well set a new standard in blockchain design—a rare balance of speed, scalability, and security. The developer ecosystem is warming up to Cardano Cardano's success is also connected to how open developers are to using it. Its speed success story is tightly connected to the developer activity because historically, Cardano dealt with criticism for its slow smart contract rollout. But since the Alonzo upgrade, which enabled smart contracts on the platform, developer activity has been steadily rising. In 2024 alone, the number of Plutus scripts, Cardano's smart contract language, increased significantly, and the blockchain saw record-high daily transactions. With tools like Marlowe (a domain-specific language for financial contracts) and the upcoming Aiken language (designed to simplify smart contract development), building on Cardano is becoming easier and faster. If developer adoption continues to grow in parallel with the infrastructure upgrades, the platform's throughput capacity will be more than just a technical boast, it will be a real-world utility. Cardano is part of a competitive sector If you want to understand the full implications of Cardano's possible changes, it's essential to have a look at its competition. As you already know, there are many altcoins doing similar things in the sector, and at the moment Solana is the project that holds the title of the fastest blockchain with over 65,000 TPS under ideal conditions, but as critics pointed out several times, it's prone to centralization and outages issues. Similarly, Avalanche offers sub-second finality but relies heavily on complex consensus mechanisms that have their own scaling challenges. Cardano has a unique approach, due to the layered architecture, Mithril's compression, and Hydra parallelization, so it can offer a path to high throughput without sacrificing its core value. Yes, it was not the first to the speed finish line, but it might finish the race as the most balanced solution. Conclusion: a sleeping giant poised to leap Cardano has spent years laying a meticulous foundation, quietly preparing for a moment that could redefine its place in the blockchain world. If Hydra delivers on its scalability promises and Mithril accelerates node performance, Cardano may not only catch up to its faster rivals, but overtake them entirely. And unlike many blockchain speedsters that sacrifice decentralization for velocity, Cardano could offer the best of both worlds: a truly decentralized, secure, and blazing-fast blockchain capable of supporting global-scale dApps, DeFi protocols, and enterprise systems. Jhaleil Swaby Steps Into the Arena for THE HUNGER GAMES: SUNRISE ON THE REAPING RELATED: Sunrise on the Reaping : Glenn Close and Billy Porter Latest Additions to Expansive Cast
Yahoo
3 days ago
- Business
- Yahoo
ADA Slides to $0.615 as Sell-Off Deepens and Support Faces Pressure
Cardano's ADA ADA token traded at $0.6154 Monday afternoon, extending its decline to 5.35% over the past 24 hours. The token dropped steadily through multiple support levels after a late-session sell-off began around 22:00 UTC on June 16. Despite a brief recovery attempt earlier in the session, the bearish structure remained intact heading into midday Tuesday. The correction mirrors broader risk-off behavior across digital assets as global macroeconomic conditions remain tense. Trade disputes and monetary tightening across major economies have added pressure to risk markets, dragging ADA and other large-cap tokens lower. Still, some technical analysts have pointed to potential signs of a reversal in ADA's structure. A brief bounce from $0.622 to $0.626 earlier in the session formed a small upward-sloping channel, with price testing the $0.624–$0.625 band multiple times. That area has now emerged as a potential pivot zone, though volume has since tapered and volatility has narrowed. With ADA trading just above its daily low, bulls are watching for stabilization around $0.615–$0.620. A clear directional move from here may depend on whether that support zone holds and if broader market conditions begin to recover. Technical Analysis Highlights A sharp decline began at 22:00 UTC on June 16 as ADA broke below the $0.650 support level on high volume. Multiple failed attempts to reclaim $0.630 created a new resistance band around $0.640. Lower highs formed with each bounce, confirming downward pressure throughout the period. A support zone developed between $0.620 and $0.622 as volume picked up at those levels. Price entered a descending channel with consistent lower highs and lower lows. A brief recovery from $0.622 to $0.626 created an upward-sloping micro channel amid increasing volume. Resistance formed at $0.626, with the $0.624–$0.625 area acting as a pivot range during repeated tests. Recent candles showed decreasing volatility and volume, signaling consolidation near local lows. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
