Cardano ADA News: Excluded From White House Crypto Summit, Founder Responds with Concern

In a significant development for the cryptocurrency market, Cardano (ADA) has been excluded from the inaugural White House Crypto Summit. Here’s what you need to know about this exclusion and the founder’s response.

Cardano Excluded From White House Crypto Summit: ADA Founder Responds

Cardano has been excluded from the inaugural White House Crypto Summit taking place this week. The summit is poised to be one of the most important moments for the cryptocurrency market in the United States, where President Donald Trump will unveil the nation’s first Bitcoin Reserve strategy. Charles Hoskinson, the founder of Cardano (ADA), confirmed the snub on a broadcast Thursday, much to the concern of many in the industry.

Cardano (ADA) and Avalanche (AVAX) Decline Amid Crypto Meltdown, Investors Eye BinoFi (BINO)

The cryptomarket has faced severe headwinds since the year began, with uncertainty in economic policies driving investors away from riskier assets like cryptocurrencies. Projects such as Cardano (ADA) and Avalanche (AVAX) have seen declines, prompting investors to look towards low market cap crypto projects like BinoFi (BINO) that are in early development stages. Cardano is a proof-of-stake smart contracting platform with a market cap of $33 billion, ranking 8th on CoinMarketCap.

Cardano (ADA) Might Struggle to Retain $1 Amid US Reserve Debate

Some users are questioning Cardano’s inclusion in the US crypto strategic reserve, raising concerns about its price. With whale accumulation slowing and resistance at $1 proving difficult to break, ADA’s next move will depend on whether bullish momentum can return. Despite a decline in its ADX from 43.7 to 32.5, it remains above the 25 threshold, indicating that the ongoing uptrend still has strength, though momentum has slightly weakened.

Cardano Foundation Aims to Accelerate Blockchain Adoption in Brazil’s Public Sector

The Cardano Foundation has partnered with SERPRO, the world’s largest state-owned IT company, to accelerate blockchain adoption in Brazil’s public sector. This partnership focuses on promoting digital literacy through Cardano Academy’s training programs. The collaboration builds upon Brazil’s globally recognized digital governance framework, which ranks second worldwide in digital government maturity according to the World Bank. SERPRO’s technological infrastructure supports 90% of Brazil’s federal government systems, managing over 750 digital solutions and handling 33 billion transactions annually.