Cardano’s Charles Hoskinson Endorses ’Reeve’ Project—Here’s Why It Matters in 2025

Cardano founder Charles Hoskinson just dropped a bombshell—praising the under-the-radar 'Reeve' project. Is this the next big disruptor in blockchain, or just another crypto moonshot?

Hoskinson's stamp of approval carries weight. The man built a top-10 blockchain—when he talks, the market listens. But what exactly is Reeve?

While details remain scarce, insiders suggest it tackles blockchain's holy trinity: scalability, interoperability, and governance. The timing couldn't be sharper—with institutional money flooding into crypto, projects solving real problems (not just printing NFTs of apes) will dominate the next cycle.

Of course, in crypto-land, every 'game-changer' comes with a side of vaporware. Remember when 'quantum-resistant' was the buzzword du jour? Still waiting on those delivery dates.

One thing's certain: when the guy who out-engineered Ethereum's bureaucracy gets excited, it's worth paying attention—even if your portfolio's still recovering from the last 'sure thing.'

Reeve Project Gets Confirmation from Charles Hoskinson

Charles Hoskinson took to X on July 9 to reach out to the cardano community to express his support for the Reeve project. He said, “I’m impressed,” claiming it’s a reasonably thought-out, architected, and necessary project for foundations and DAOs.

Looking through the repo on Reeve, I'm impressed. Its a well thought-out, architected, and necessary project for foundations and DAOs. I sent it over to the MF to have a look at https://t.co/Q9ENJp7j6X

The Reeve project, aka Ledger on the Blockchain (LOB), is a proposed open-source platform by the Cardano Foundation. It aims to bring financial reporting on-chain on Cardano, ensuring its integrity and verifiability for all stakeholders.

“The Reeve platform is designed to integrate traditional accounting systems with blockchain technology, ensuring transparency, immutability, and enhanced security for financial records,” according to the Cardano Foundation.

Key features offered by the Reeve project are enhanced auditability, strengthened accountability, increased trust, improved efficiency, and modular software architecture. This is likely groundbreaking in financial reporting and auditing, making them simplified, cost-efficient, and tamper-proof data sharing directly on-chain.

ADA Price Jumps

Cardano price continues its upside MOVE after a major bullish signal on the weekly chart after 4 years. Analyst Dan Gambardello recently revealed a “golden cross” pattern formation as the 50-MA crossed above the 200-MA in the weekly chart.

The last time this bullish pattern formed, ADA price suddenly rallied more than 1000% to hit an all-time high of $3.10. ADA price may rally to this level again if supported by massive trading volumes and positive developments related to Cardano.

ADA price jumped 2% in the past 24 hours, with the price currently trading at $0.585. The 24-hour low and high are $0.573 and $0.591, respectively. However, the trading volume has decreased by 9% in the last 24 hours, indicating a slight decline in interest among traders.

Also Read: SEC Approves Grayscale ETF with BTC, ETH, XRP, SOL, ADA