In a significant development for the Cardano blockchain ecosystem, voting for the Interim Constitutional Committee (ICC) commenced on June 13, marking a pivotal step in the governance model overhaul anticipated with the upcoming Chang hard fork. This voting process, allowing ADA holders to select three new ICC members, is taking place via the Summon Platform and will conclude on June 23, spanning Epochs 491 and 492.

Cardano’s network recently faced a distributed denial of service (DDoS) attack aimed at exploiting its staking mechanism to steal ADA. The attack began on June 25th at block 10,487,530, with each transaction involving 194 smart contracts and costing the attacker 0.9 ADA per transaction. By flooding the network with these transactions, the attacker intended to send large transactions while minimizing costs.

Cardano (ADA) Set for Major Gains Amid Technological Upgrades and Market Shifts July 18, 2024 — The last 48 hours have been highly eventful for Cardano (ADA), with notable price movements and significant updates that have the potential to shape its future trajectory. Here’s a detailed look at the latest happenings in the Cardano ecosystem.

Anticipated Price Surge Post-Halving Cardano’s native token, ADA, is projected to experience a significant price surge following the upcoming Bitcoin halving event in 2024. Analysts predict that ADA could reach a high of $2.11 by July 2024, representing a massive 298% increase from its current levels. This potential rally is supported by Cardano’s burgeoning DeFi ecosystem, which has recently hit new highs in total value locked (TVL), demonstrating increasing adoption and utility within the network​ (CoinCodex)​.

In the midst of recent relief on the crypto market, after yesterday's merry-go-round, quotes of Cardano token ADA are greening up, and right now, they are showing a modest 1.2% addition. However, an impending obstacle looms over ADA's potential upward movement, creating uncertainty for a recent price surge. Read more on U.Today https://u.today/massive-4-billion-ada-roadblock-threatens-cardano-tokens-price-surge

Data from blockchain analytics platform Santiment shows whales are eagerly stocking up on ADA, Cardano’s native cryptocurrency. The numbers of ADA added to existing wallets which hold between 100,000 and 10 million ADA, have soared to heights last seen in September 2022.

Cardano is expected to initiate the Chang fork this month, which will set the stage for the “Age of Voltaire,” introducing new features such as treasury management, governance, and decentralized voting.

The daily Cardano count [ADA] Whale transactions exceeding $1 million have reached their highest level so far this year amid the current rally.

Data recently unveiled by IntoTheBlock has illuminated a startling trend within the Cardano (ADA) community, revealing that a substantial 89% majority of ADA holders are grappling with losses. The data analytics firm's insights indicate that this sizable percentage of ADA holders find themselves "out of the money," signifying that their holdings are currently situated at a loss.

Coinbase, the United States' leading cryptocurrency exchange, may be required to delist 13 digital tokens, including Cardano (ADA), as a result of a lawsuit filed by the U.S. Securities and Exchange Commission, according to an interview conducted by Financial Times reporter Scott Chipolina with CEO Brian Armstrong. Read more on U.Today https://u.today/coinbase-might-delist-cardano-ada-and-other-tokens-ceo-says

In a turbulent storm of accusations surrounding the controversial founder of the defunct cryptocurrency exchange FTX, Sam Bankman-Fried (SBF), a new voice has arisen, making direct claims of elite intervention on his behalf. Charles Hoskinson, the founder of Cardano, has published a scathing critique of what he sees as an orchestrated attempt to rehabilitate SBF.

As autumn approaches, the Cardano community should brace itself for a recurring pattern that has unfolded over the years. A glimpse into historical data reveals a disturbing trend for ADA, the Cardano token, during the ninth month of the year, raising concerns among investors. Analysis of data provided by CryptoRank paints a bleak picture for ADA's performance in September.

ADA has surpassed BTC and ETH in terms of development activity in the past month.

The past 48 hours have been pivotal for Cardano (ADA), featuring significant updates that hint at a promising future for the cryptocurrency. Here’s a detailed overview of the latest developments and market trends.

Cardano's ADA is back in the limelight, but not for a groundbreaking update or a high-profile partnership. Instead, ADA has returned to a familiar territory, a price level affectionately known as its "Adamantium" support. This is not a one-time fluke; this price level has previously served as a robust foundation, allowing bulls to regroup and catapult ADA to new heights.

K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in the crypto community. The report bluntly advises investors to divest from Cardano, citing a lack of meaningful use for its native token, ADA.

Justin Bons, founder and CIO of Cyber Capital, shares his opinion on core focuses for Cardano (ADA) scaling

Cardano (ADA) enthusiast Dave Beaumont demonstrates pioneering static website on second largest PoS network

Crypto influencer Ben Armstrong, known as BitBoy Crypto, recently declared that Cardano (ADA) and Polkadot (DOT) are "dead" coins. Armstrong expressed his views on social media, emphasizing that these tokens no longer hold institutional appeal. In a YouTube video from April, he claimed that ADA's current situation is different and questioned the value of holding onto ideals while portfolios suffer losses. Armstrong argued that ADA's poor performance is due to its lack of institutional backing compared to tokens like Ethereum (ETH) and Solana (SOL).

Cardano (ADA) has been experiencing a persistent downside trend since the start of 2023; the selling pressure has increased in the past week. However, network development continues to grow and could hint at a reversal for the cryptocurrency.