EMURGO, the Cardano-founding entity behind SecondFi, said Monday the hacked wallet service will not resume normal operations even after ongoing security audits conclude, telling all users to migrate away using its official recovery process. "Although we believe unaffected users remain safe,…
The post Cardano Price Prediction: Can ADA Hold the 50-Day EMA After Adding 15,000 Wallets in Two Weeks? appeared on BitcoinEthereumNews.com.
ADA has added 14,783 non-empty wallets since the June 23 bottom, surpassing pre-SecondFi exploit holder counts Price is up 35% from its late June lows and fighting to hold the 50-day EMA at $0.1858 The two largest ADA exchange supply removal days since June 23 came back-to-back on July 6 and 7 Cardano trades at $0.1794 on July 7, down 2.50% as price pulls back after touching $0.1858 on the 50-day EMA, a level that briefly gave way and is now the key zone bulls need to reclaim. Is ADA’s 35% Rally Running Into Its First Real Test? ADA 1D Price Action (Source: TradingView) The daily chart shows ADA inside a recovery that has taken price from a low near $0.1400 back toward the 50-day EMA at $0.1858, with price now sitting just below it after a brief push above. The Supertrend (10,3) at $0.1536 remains well below spot, confirming the short-term uptren
The post SecondFi is shutting down after Cardano wallet exploit appeared on BitcoinEthereumNews.com.
Cardano wallet firm SecondFi says it will not resume “normal operations” and will instead focus solely on “returning assets to affected users” as it continues to grapple with last month’s $2.4 million ADA exploit. Developer Emurgo, claimed yesterday that “SecondFi will not resume normal operations, even once the audits are complete.” It added, “Going forward, our involvement in SecondFi is limited to a dedicated asset recovery team, tasked solely with returning assets to affected users.” The firm has yet to release an audit of what took place during the exploit, which saw 16 million ADA ($2.4 million) stolen by bad actors, and 129 million ADA ($18.5 million) taken by a mysterious white hat hacker. Emurgo is also yet to launch a recovery plan for affected users and is still in the process of arranging one. Read more: Mystery deepens over Cardano wallet’s $18.5M white hat hacker What w
The post ‘I’ve Thrown in That Towel’: ADA’s Charles Hoskinson Finally Admits XRP’s Model Won appeared on BitcoinEthereumNews.com.
The post ‘I’ve Thrown in That Towel’: ADA’s Charles Hoskinson Finally Admits XRP’s Model Won appeared first on Coinpedia Fintech News Cardano founder Charles Hoskinson said the enthusiasm surrounding XRP stems from a structural dynamic he calls Web 2.5, where a centralised company continuously builds real-world value around its native blockchain, creating a self-reinforcing cycle that retail and institutional markets reward. Speaking in a wide-ranging discussion, Hoskinson described the pattern plainly. Ripple acquires a prime broker, … Source: https://coinpedia.org/news/ive-thrown-in-that-towel-adas-charles-hoskinson-finally-admits-xrps-model-won/
The post Cardano Price Prediction: ADA Holds Above Support as RealFi Expands the Ecosystem appeared on BitcoinEthereumNews.com.
Key highlights: ADA is still in a broader downtrend, with $0.1950 marking the next key resistance Analysts say another rally is needed before Cardano’s recent strength can be viewed as a trend reversal RealFi has launched its Cardano testnet, introducing a stablecoin ecosystem focused on real-world credit markets Cardano has been one of the top performing digital assets in the top crypto league during the last seven days; hence, there is good reason for traders to watch this asset after a month-long period of declining prices. Of course, this fact did not pass by Daan Crypto Trades, who indicated that ADA is the standout performer among other altcoins in terms of performance. Furthermore, the analyst added that the rise of coins such as Cardano is an indicator of growing appetite for risks in the broader altcoin markets. ADA is recovering, but the bigger tre
As Ethereum and Cardano face steep declines, investors are increasingly exploring AI-focused blockchain projects such as Stargate LLM. Ethereum spent 2025 in the room with the majors, trading near $5,000 and trading places with Bitcoin as the asset every altcoin…
Cardano has reached one of the final technical checkpoints before the Chang hard fork, with node version 9.0.0 now released by IntersectMBO.
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This article was written by the News Desk and edited by Samuel Rae .
Cardano gained 14,783 new wallets after its June 23 bottom as whale accumulation surged, sending ADA up 32.5% — but governance risks remain.
The post Cardano Whales Accumulate as 14,783 New Wallets Join Post-Selloff appeared first on 99Bitcoins.
