Cardano ADA: $70M Upgrade Fund Fuels Breakout Speculation Amid Infrastructure Push
Cardano's ecosystem has taken a significant leap forward with the approval of a $70 million treasury grant to Input Output Engineering (IOE), marking a pivotal moment for its infrastructure development. The overwhelming 74% community vote underscores strong support for scaling solutions such as Ouroboros Leios and Hydra, which are poised to enhance DeFi capabilities and cross-chain interoperability. Despite broader market volatility, ADA has demonstrated technical resilience NEAR critical levels, sparking speculation of a potential breakout. The phased disbursement of funds, tied to specific milestones and overseen by the community, ensures accountability and progress alignment with Cardano's long-term vision. As of August 2025, this strategic investment positions ADA for sustained growth and innovation in the blockchain space.
Cardano's $70M Upgrade Fund Spurs ADA Breakout Speculation
Cardano's ecosystem has approved a landmark $70 million treasury grant to Input Output Engineering (IOE), signaling aggressive infrastructure development. The 74% community vote unlocks funds for scaling solutions like Ouroboros Leios and Hydra—critical for DeFi and cross-chain growth.
ADA shows technical resilience near pivotal levels despite macro volatility. Phase-based fund disbursements tied to milestones, overseen by Intersect governance, aim to maintain accountability while accelerating network capabilities.
Cardano Price Prediction: V-Shape Recovery Signals ADA’s Bold Comeback Towards $0.88
Cardano's price charts are tilting bullish once more, fueled not just by technical indicators but also by a surge in social sentiment and search trends. Analysts are increasingly pointing to ADA's structural setup as a potential catalyst for a broader market reversal.
The cryptocurrency is currently trading around $0.75, marking a 2.03% gain over the past 24 hours. A V-shaped recovery from the $0.66 lows suggests strong buying momentum, with the breakout past downtrend resistance reinforcing the bullish case. Key mid-range levels near $0.75 have been breached, setting the stage for a potential push toward the $0.84-$0.88 target zone.
Market observers note that ADA's price action has transitioned from bearish compression to bullish expansion. If trading volume sustains the upward move, this rally could mark the beginning of a larger trend reversal rather than a fleeting bounce.
Cardano's Glacier Airdrop Faces Ledger Wallet Hurdle
Cardano founder Charles Hoskinson has clarified why some ADA holders were excluded from the Midnight Foundation's Glacier airdrop. The issue stems from Ledger hardware wallets' technical constraints in processing large message signatures required for participation.
Ledger's implementation of Cardano's CIP-8 protocol currently caps message signing at 31 bytes, while the Glacier Drop requires handling 251-byte payloads. This limitation, first identified in July, remains unresolved with no firmware update timeline from Ledger. The Midnight Foundation is implementing a temporary solution using metadata in null transactions to ensure affected users don't lose their airdrop allocations.
Cardano Tests Critical Support Amid 4.3% Price Decline
Cardano's ADA token fell 4.3% to $0.72 as technical indicators turned bearish, with the Relative Strength Index hovering near neutral at 44.94. The MACD histogram confirmed downward momentum at -0.0155, signaling potential further losses if key support at $0.68 fails to hold.
Absent fundamental catalysts, the sell-off appears driven by profit-taking and broader market sentiment. Trading volumes remained subdued across major exchanges, reflecting cautious market participation during this technical correction.
