Cardano (ADA) creator Charles Hoskinson is revealing what’s next for the Ethereum (ETH) rival’s blockchain after the highly anticipated Vasil upgrade.

Cardano (ADA) Price Latest Update Today (5/31): The price of Cardano (ADA) crypto token jumped by over 30 percent from $0.5167 to $0.6744 between 2.44 pm on Monday and 11 am on Tuesday. At the time of writing, Cardano was trading at $6474, 24.32 percent higher compared to its price 24 hours earlier, according to data on CoinMarketCap.

Performance Improvements Are Expected To Benefit DeFi Apps

On Wednesday, a tweet from Cardano Daily, a dedicated Twitter handle for Cardano news, reveals that Cardano will soon have a bridge with Cosmos.

What Happened: The “Kiss” frontman revealed on Twitter on Thursday that he had purchased $300,000 worth of ADA because he believes “it’s going up.”

Swiss-based digital asset bank Sygnum has added Cardano (ADA) to its bank-grade staking services for institutional clients. The bank’s customers can now earn rewards for staking ADA, the eighth largest cryptocurrency by market cap.

Cardano price analysis is still bearish in majority, although price fought back to rise up to $0.51 with a 3 percent increment on daily price action. Earlier in t...

The Japanese branch of one of the world's largest crypto exchanges, OKCoin Japan, announced the listing of ADA, the main token of the Cardano blockchain. The start of ADA spot trading on the Japanese exchange is Sept. 1, when all interested investors will be able to trade the cryptocurrency against Japan's national currency, the yen. Read more on U.Today https://u.today/cardano-ada-can-now-be-bought-directly-with-japanese-yen-due-to-new-listing

While The Merge is expected to take place in just over ten days’ time, Cardano’s hard fork called Vasil now has a scheduled date. The highly anticipated Cardano fork will take place on September 22, or roughly nine days after Ethereum transitions from proof-of-work (PoW) to proof-of-stake (PoS).

The development team behind Cardano is working on the next Daedalus update. Cardano ecosystem’s new partnerships are likely to boost the utility for ADA.

Cardano [ADA] is added to cryptocurrency exchange Kraken as a collateral cryptocurrency on its futures platform. The US-based trading platform offers both single-collateral futures as well as multi-collateral futures.

In his Friday tweet, Cardano creator Charles Hoskinson informed his followers that he is currently in Papua New Guinea, “working on something really cool.” He did not provide any details on what exactly he is working on; however, judging by Hoskinson’s travels in the past, it could be a new Cardano project. Back in October 2021, the IOG co-founder went on a “pan-African tour,” visiting several African countries, including Nigeria and Zanzibar. Since then, Cardano has invested in several African blockchain and fintech start-ups, among which was Afriguild, a local blockchain gaming guild and decentralized autonomous organization (DAO). Read more on U.Today https://u.today/charles-hoskinson-works-on-something-really-cool-heres-big-if-in-lunc-burning-mechanism-crypto-news

The Cardano Vasil hard fork had been expected for months, and finally, it is a reality. The hard fork had proceeded according to schedule, and by Thursday, September 22nd, the hard fork was live on the network. It was received amid much fanfare from the community, but the network’s native token, ADA, had not reacted as well.

According to a new White House energy report, Cardano is the one of the largest proof of stake blockchains in the world in terms of electricity consumption and market valuation.

Even though Cardano (ADA) has not increased significantly since its June lows, it has started to gain traction, potentially because of the upcoming Vasil hard fork. Weekly indicators are leaning on being bullish.

Cardano users were indirectly affected by the phishing attack on the Nomad Bridge protocol.

In the past few months, three formidable cryptocurrencies have dominated the blockchain world. These projects have provided enormous value to users and investors, including new crypto Big Eyes Coin (BIG), Cardano (ADA), and Filecoin (FIL). There is still room for other cutting-edge coins to make a mark on the cryptocurrency ecosystem. With daily changes, these tokens might become the saviors of the cryptocurrency market.

Crypto asset management firm CoinShares says that institutional investors are taking an interest in Cardano (ADA) as the broader crypto markets show signs of recovery.

In the last 24 hours, most digital assets have been struggling to show a positive price performance on the cryptocurrency market, but Cardano was not the one of them. One of the biggest Ethereum rivals has become the most profitable crypto in the last 24 hours, according to CoinMarketCap's top. Read more on U.Today https://u.today/cardano-ada-becomes-most-profitable-asset-on-crypto-market

Cryptocurrencies are writhing under a strong bearish sentiment over the last couple of months. Cardano (ADA) appears to be one of the hardest hits of the lot with the project’s founder stating that “no announcement makes a difference”.