Cardano ADA News: Market Suffers Setback After Trump’s U-Turn on Crypto Reserve Inclusion

Recent developments in the cryptocurrency world have seen Cardano (ADA) experience a significant market setback due to a policy reversal by the U.S. government. Here’s a detailed summary of what happened.

Cardano (ADA) Suffers Market Setback After Trump’s Crypto Reserve U-Turn

Cardano (ADA) price and market valuation has suffered a significant market setback following President Donald Trump’s reversal on its inclusion in the U.S. Crypto Strategic Reserve. Initially, on March 2, 2025, Trump announced that ADA would be part of the reserve, triggering a 60% price rally within 90 minutes, reaching $1.14. However, on March 6, 2025, Trump’s administration clarified that ADA would not be included.

Cardano Sees 1.09 Billion ADA Open Interest, Bulls Optimistic

Cardano (ADA) investors are showing optimism about a price rally, as indicated by the recent uptick in the coin’s Open Interest. In the past 24 hours, ADA’s Open Interest has increased slightly by 1.78% as market participants bet on the asset’s future trajectory. CoinGlass data show that investors trading ADA futures have committed to 1.09 billion ADA worth over $765 Million. This development signals renewed confidence among ADA holders as the coin struggles to stay above the $0.70 support level. Notably, ADA traders are betting on the coin to maintain the rebound move and possibly retest the $1 price level. ADA price changed hands at $0.7195 as the coin began its recovery journey towards the psychological $1 level.

Coinbase Seeks CFTC Approval for Cardano and Natural Gas Futures

Coinbase has submitted a request to the U.S. Commodity Futures Trading Commission (CFTC) for approval to launch futures contracts on Cardano (ADA) and Natural Gas (NGS). If approved, these futures contracts will be listed on March 31, expanding Coinbase’s offerings into both the crypto and energy markets. ADA futures will allow traders to speculate on Cardano’s price without holding the asset, while NGS futures will position Coinbase in commodity markets. This move is part of Coinbase’s efforts to cater to a wider range of traders.

Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming?

As the Cardano (ADA) price consolidates NEAR a crucial support level of $0.65, whales and investors are capitalizing on this opportunity. A prominent crypto expert posted on X (formerly Twitter) that whales have purchased nearly 130 million ADA tokens in the past 72 hours. This substantial purchase by whales signals a potential buying opportunity, as the price has dropped significantly in recent days.