Cardano ADA News: Skyren DAO Proposes Integration of BlockDAG Technology and Cardano Asset Holdings

In a move that could significantly impact the decentralized finance (DeFi) landscape, Skyren DAO, the pioneering airdrop collection DAO, has announced plans to integrate BlockDAG technology and add Cardano-based asset holdings. This governance vote aims to enhance scalability and diversification for the DAO.

Skyren DAO To Propose BlockDAG and Cardano Asset Holdings

Skyren DAO, the world’s first airdrop collection DAO, is preparing for a major governance vote to integrate BlockDAG technology and Cardano-based asset holdings. This move aims to enhance scalability and diversification, potentially cementing Skyren’s position as a game-changing DeFi powerhouse. Skyren operates under a community-driven governance structure, allowing token holders to propose and vote on key decisions.

Cardano (ADA) Bullish Momentum Builds, Eyes $0.83 Breakout

Cardano (ADA) has captured the attention of investors and traders as it shows signs of a potential breakout above its key resistance level. After a period of selling pressure, the altcoin has been steadily recovering, gaining bullish momentum due to growing market participation and shifting sentiment. As ADA looks to break above the $0.83 price mark, it aims for a rally toward the $1.00 psychological level. Recently, ADA has been trading inside an ascending triangle pattern, a technical formation that often signals accumulation and the possibility of a bullish breakout.

Cardano Price Prediction: ADA to Surge to $1.50

Experts have forecast a Cardano price prediction of $1.50 due to institutional support and growing adoption rates. Presales define the future of 2025’s top performers. Since the start of the year, investors have redirected their attention resulting in massive value losses for meme coins and other tokens. Remittix (RTX) is establishing its leadership position in blockchain payments through a $12.7 million funding round and is seen as a top investment choice for 2025, following real-world financial solutions that resemble XRP and XLM’s success in payment systems.

SEC Acknowledges Application to List Grayscale’s Cardano ETF

Grayscale has filed for a spot Cardano ETF, and the U.S. Securities and Exchange Commission (SEC) has acknowledged the application. This marks the beginning of the SEC’s review process for the Grayscale Cardano Trust. If approved, the ETF would be listed and traded on the New York Stock Exchange (NYSE) Arca, offering investors regulated exposure to Cardano (ADA) through fractional ownership in the Grayscale Cardano Trust.