Despite Cardano’s recent price pullback, famous market analyst Crypto Captain remains confident that ADA could go parabolic before the end of 2026.
Crypto Captain made the bold prediction yesterday, even as Cardano traded below $0.22. Undeterred by the token’s recent weakness, he projected a potential parabolic rally to $4, significantly above its previous all-time high.
The analyst accompanied his prediction with a weekly chart illustrating Cardano’s historical price movements and a possible long-term recovery trajectory.
Cardano Chart Points to Potential Rally Toward $4
The weekly chart tracks ADA’s price action from 2023 through 2026, with a projection extending into 2027. At the time of the analysis, Cardano traded around $0.2157, following a prolonged decline from its early January 2025 high above $1.
Meanwhile, an ascending trendline connects previous price movements, highlighting a potential long-term recovery pattern. The chart also shows a shaded projection of ADA potentially rallying sharply beyond its previous all-time high of $3.10 before reaching Captain’s $4 target.
Notably, Captain expects this move to materialize before the end of 2026. However, with only a little over two months remaining in the year, his prediction raises questions about what could trigger such a dramatic turnaround, particularly given ADA’s recent underperformance.
Crypto Captain Cardano Chart
ADA Faces a Steep Climb to Reach $4
Since Captain shared his prediction, ADA has slipped below the psychological $0.21 threshold before recovering above that level. At press time, it traded at $0.2107, down 2.47% over the preceding 24 hours.
From this price, Cardano would need to rally 1,799% to reach $4. Such a rally would establish a new all-time high, surpassing its previous peak of around $3.10.
Given the current circulating supply, a $4 price would also imply a market cap of $147.22 billion, underscoring the scale of the rally required to achieve Captain’s target.
Other ADA Price Predictions Are More Conservative
While Crypto Captain anticipates a parabolic move toward $4, other projections suggest a more modest recovery for Cardano by year-end.
For instance, Changelly projects that ADA could trade between $0.20 and $0.24 by December 2026. Reaching the upper end of that range from $0.2107 would require a gain of approximately 13.9%.
Cardano Price Prediction From Changelly
Meanwhile, prediction platform Telegaon sets a maximum year-end target of $1.43 for ADA. Reaching that level would require an increase of approximately 579% from its current price.
Cardano Price Prediction From Telegaon
These forecasts highlight the wide gap between analysts’ expectations for Cardano in the coming months. Given this uncertainty, investors should exercise caution when assessing ADA’s price prospects.
Popular Bitcoin advocate Nebraskan Gooner has expressed a bearish outlook on Cardano, saying ADA will never reach a new all-time high.
His statement reflects growing pessimism about Cardano’s long-term prospects as the token continues to trade significantly below its previous peak.
“ADA will never make a new all time high,” Gooner remarked in an X post yesterday.
Cardano Still Down Over 90% Below Its All-Time High Cardano reached its all-time high of $3.10 in September 2021 during the previous bull market. However, despite several recovery attempts, ADA has failed to reclaim that level.
Following the U.S. presidential election in November 2024, the token staged a significant rally, climbing to $1.30 before surrendering much of its gains. Similarly, ADA rebounded above $1 at points in 2025 but failed to sustain the recovery, eventually resuming its decline.
At press time, ADA traded at $0.2087, down 93.26% from its previous peak. Consequently, the token would need to rally by roughly 1,385% to revisit $3.10, highlighting the scale of the recovery required.
Against this backdrop, Gooner suggests that he doubts Cardano can overcome its prolonged decline and eventually surpass its previous record. However, he did not provide a specific technical analysis or explain the reasoning behind his prediction.
ADAUSD 2026 10 24 08 45 53 Growing Concerns Weigh on Cardano’s Outlook Meanwhile, several developments within the Cardano ecosystem have fueled concerns about the project’s prospects.
Governance disagreements have intensified, while the cancellation of the community’s annual summit and the shutdown of projects such as TapTools have raised questions about the ecosystem’s momentum. Additionally, some prominent community figures have reconsidered their involvement in Cardano.
Earlier this week, community figure Chris O announced his departure as an ecosystem DRep. He also disclosed that ADA no longer constituted his largest holding and criticized the Cardano Foundation over what he described as shortcomings in adoption and its ability to keep pace with competing networks such as Sui.
These developments have further weighed on sentiment surrounding ADA. Nonetheless, although governance challenges and concerns about adoption could hinder the network’s growth, they do not necessarily mean the cryptocurrency will never recover or establish a new all-time high.
Other Analysts Remain Bullish on Cardano Despite the growing pessimism, some market participants continue to see potential for a long-term recovery. They point to planned network upgrades, including the upcoming Leios mainnet launch, alongside initiatives such as RealFi aimed at boosting Cardano’s DeFi ecosystem.
Prominent crypto analyst Captain, for instance, has offered a sharply contrasting outlook, predicting that ADA could reach a new all-time high of $4 before the end of 2026.
However, this forecast remains speculative, particularly given ADA’s recent price weakness and the extraordinary rally required to reach that target.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to crypto analyst Ali, Cardano has been trading inside a rising parallel channel since the end of June.
A rising parallel channel (or ascending channel) is a bullish technical analysis chart pattern that emerges when the price of an asset moves upward between two parallel diagonal lines. This is a controlled uptrend as buyers are slowly pushing prices up, but sellers are taking profits at resistance and creating temporary pullbacks. This pattern, though bullish, can carry bearish reversal risks depending on how the price breaks.
During the period when ADA traded within the rising parallel channel pattern, ADA rose from a low of $0.138 to a high of $0.282.
HOT Stories
CARDANO BREAKDOWN CONFIRMED
Since late June, Cardano has been trading within a rising parallel channel that took $ADA from a low of $0.138 to a high of $0.282.
Now, Cardano appears to have broken below the channel’s lower boundary, signaling that a deeper correction could be underway.
As long as $0.220 holds as resistance, ADA could face a roughly 20% decline toward $0.166.
— Ali Charts (@alicharts) October 24, 2026
Cardano now faces a critical test: Ali observed that it appears that Cardano might have broken below the channel's lower boundary, signaling the possibility of a deeper correction.
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According to the technical setup, the $0.220 level has emerged as a key resistance zone, and as long as this level holds as a barrier, ADA could face a roughly 20% decline toward $0.166.
What indicators sayIn a separate X post, Ali cited a few signals that might suggest that Cardano could be eyeing a major move, possibly downward.
According to Ali, historically, changes in the holdings of whales holding 100 million to 1 billion ADA have often coincided with major moves in Cardano's price. But their holdings have been relatively flat for the past 10 days. So far, these large investors are not showing a clear directional bias.
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The ADA chart, however, is flashing a warning as Cardano's SuperTrend indicator has flipped bearish. The last comparable signal appeared on May 22 and was followed by a 46% correction. That doesn't mean history will repeat, but it makes the current signal worth watching.
This could spark a decline to $0.21, the lower boundary of Cardano's rising channel. A daily close below it would signal a breakdown and send ADA to $0.17.
At the time of writing, ADA was down 4.03% in the last 24 hours to $0.20 amid a broader crypto market drop. The cryptocurrency is down 6.05% weekly, entering its third day of decline since October 21.
In positive news, a public Dijkstra testnet has gone live, advancing testing for Cardano's next major upgrade.
Cardano (ADA), a major layer-1 blockchain platform known for its focus on peer-reviewed research and academic rigor, is facing renewed selling pressure as the price breaks below a key technical support level. Over recent weeks, ADA traded within a rising parallel channel that analysts view as a bullish indicator, but the pattern now faces a critical test after a downside move.
Rising parallel channel signals challengedCrypto analyst Ali noted that since the end of June, Cardano has been moving inside a rising parallel channel, with price fluctuations occurring between well-defined upward-sloping boundaries.
A rising parallel channel, also called an ascending channel, is a formation where an asset’s price travels higher between two upward trendlines. Typically seen as a bullish pattern, it reflects a controlled uptrend — but, if the lower boundary fails to hold, a break below can trigger further declines.
During this period, ADA rallied from a low of $0.138 to reach $0.282, reflecting gradually strengthening momentum despite intermittent pullbacks.
Mini dictionary: Rising parallel channel, a technical pattern where prices move upward between two parallel, ascending lines. It signals a trend with higher highs and higher lows and is generally bullish unless support fails and triggers a reversal.
Ali stated that “Cardano has broken below the lower boundary of its rising channel, which puts the possibility of a deeper correction on the table.”
With price action now outside its channel, ADA is testing a key resistance zone at $0.220. If this area continues to cap recovery attempts, analysts see potential for Cardano to drop nearly 20% from current levels, eyeing a support target at $0.166.
Whale activity and technical warning signsAli also highlighted that the behavior of Cardano’s largest holders offers few clues for imminent reversal or further breakdown. Wallets holding between 100 million and 1 billion ADA have not meaningfully changed their positions over the past 10 days, signaling an absence of a decisive stance from whale investors.
Meanwhile, a technical indicator known as the SuperTrend has flipped bearish. Historically, the last time this occurred on May 22, ADA saw a correction of 46%. While past performance does not always repeat, analysts caution that similar conditions should be monitored closely.
The ADA SuperTrend signal “flipped bearish,” which last preceded a sharp correction, making the current setup worth close attention.
Given the recent structure, a daily close below the former channel’s lower boundary at $0.21 would confirm a breakdown. In this case, technical targets suggest further downside to $0.17.
Key LevelStatusPotential Move$0.220ResistanceBelow keeps downward pressure$0.21Channel boundaryDaily close below signals breakdown$0.17Support targetNext key level if breakdown occursMarket performance and upcoming upgradesAt the time of publication, ADA had declined 4.03% over the past 24 hours to $0.20. Weekly losses have widened to 6.05%, marking a third consecutive day of selling pressure since October 21, in line with the broader market downturn.
Despite short-term price weakness, Cardano’s technology development continues to progress. A public Dijkstra testnet has recently been launched, serving as an important milestone in testing the network ahead of its next major upgrade.
Mini dictionary: Dijkstra testnet, a public testing environment designed to validate upcoming protocol upgrades for Cardano. Testnets like Dijkstra allow developers and users to experiment with new features before deploying on the main network, enhancing stability and innovation.
Elliott Wave analyst V has warned that Cardano has yet to reach its final bottom, raising the possibility of another decline if ADA breaks below a key technical support level.
V identified Cardano as a strong candidate for a cryptocurrency that could establish a new low. Notably, he emphasized that a breakdown below the lower boundary of its ascending price channel could strengthen this bearish outlook.
Cardano Risks Falling to $0.14
V’s accompanying chart shows Cardano trading within an ascending channel since it reached a low of $0.1384 in June 2026. The pattern consists of two upward-sloping trendlines, with the lower boundary providing support during previous pullbacks.
However, ADA has recently approached this lower trendline after retreating from the $0.28 region in early October. At the time of the analysis, it traded around $0.217, placing it near a critical support area.
Moreover, V’s chart projects a potential decline toward $0.14 if ADA decisively breaks below the channel. He marked this level as “confirmation,” suggesting that a deeper correction could validate the bearish scenario.
Despite this outlook, V indicated a willingness to buy ADA again if the cryptocurrency establishes another low.
V Cardano Chart
Previous Drop to $0.14
For context, Cardano last traded around $0.14 in late June 2026, when its price plunged to approximately $0.1384. Rising tensions within the ecosystem, including reports of founder Charles Hoskinson taking a short break from the project, contributed to the market uncertainty surrounding ADA.
Cardano subsequently recovered from that low, climbing toward $0.28 this month before retreating alongside the broader cryptocurrency market.
Although some market participants may believe ADA has already experienced the worst of its downturn, V’s analysis suggests that a breakdown below the ascending channel could trigger another decline toward the June low.
Ali Martinez Also Warns of a Cardano Breakdown
Meanwhile, V is not the only analyst anticipating further downside for Cardano. Market analyst Ali Martinez has also issued a warning that ADA could face a deeper correction.
He noted that Cardano traded within a rising parallel channel from late June, climbing from $0.138 to a high of $0.282. However, he indicated that ADA had broken below the channel’s lower boundary following the token’s drop below $0.22, signaling that a correction could be underway.
Martinez further identified $0.220 as a key resistance level. As long as ADA remains below that threshold, he projects that ADA could face a roughly 20% decline toward $0.166.
In the meantime, it remains uncertain whether ADA could experience a significant downturn below $0.20.
In his latest technical analysis of Cardano (ADA) price, crypto analyst Ali Martinez stated that the altcoin has lost a significant support level and may be facing a deeper correction.
According to the chart shared by Martinez, Cardano has been moving within an ascending parallel channel since the end of June. During this period, the ADA price rose from $0.138 to $0.282, showcasing a remarkable performance.
However, the analyst stated that with the recent price movements, ADA has broken below the lower boundary of the ascending channel, which technically signals a decline.
According to Martinez, the most critical level to watch for Cardano’s price is $0.220. He stated that if this level continues to act as resistance, selling pressure could increase, predicting that ADA could lose approximately 20% of its value, falling to $0.166.
At the time of writing, ADA is trading at $0.208.
*This is not investment advice.
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Cardano Price hovered above $0.21 on Friday, rising 0.99% over the past 24 hours to trade at around $0.216. The move coincided with progress on the Dijkstra testnet and Node 11.2 for Cardano’s protocol upgrade.
The broader cryptocurrency market reached a valuation of $2.73 trillion as major digital assets moved higher. Bitcoin led the advance, approaching immediate resistance at $82,000, while Ethereum traded at $2,410.
Meanwhile, XRP price held near recently confirmed support at $1.30 as broader market prices continued climbing.
Cardano Opens Dijkstra Testnet Ahead of Node 11.2 Upgrade Cardano has opened its public Dijkstra testnet, inviting stake pool operators to prepare for the next protocol upgrade. The network currently uses node 11.1.3 under Conway’s protocol version 11, with each epoch lasting one day. Configuration files and a faucet are available through Cardano’s documentation.
Cardano Upgrade News 🛠️ 🗞️
A public Dijkstra testnet is now available! SPOs can begin onboarding using Node 11.1.3 on pv11. Epochs are 1-day in length.
Timeline:
– Protocol version 11 (Conway) on node 11.1.3
– Node 11.2 Pre-Release
– Hard Fork Initiation action
– Hard fork for protocol version 12 (Dijkstra) using node 11.2
– Integration and testing against the Dijkstra feature set (minus Leios)
Resources available in the next post. Happy testing!
— Intersect (@IntersectMBO) October 23, 2026
Node 11.2 will provide the software needed for the planned transition to protocol version 12, known as Dijkstra. Its prerelease will precede a hard fork initiation action, followed by the testnet upgrade. Operators can then test Dijkstra features and check integrations, although this release excludes Leios.
Meanwhile, MusashiNet offers a separate prototype incorporating Leios, giving development teams another environment for early integration work. However, the formal node 11.3 release remains under active development.
Input Output estimates Leios will require registered voting keys representing approximately 90–95% of delegated stake before activation. Intersect has announced neither a mainnet launch date nor a required node upgrade participation percentage.
Cardano Price Prediction: Will $0.21 Support Hold or Is $0.20 Next? The ADA price traded near $0.2156 on October 23, with the active four-hour candle showing a 0.37% decline. Cardano price failed to break below $0.21 support and stayed below $0.22 resistance, where it bounced off in the last few days.
The RSI was at 42, neutral territory. The MACD line was almost flat near -0.0019 while the signal line was also on an almost flat level at -0.0017, and the histogram still showed its bear status. This setup is bearish, with the smaller histogram bars recently suggesting a possible decrease in selling pressure.
Source: TradingView The bear case would be strengthened if the stock closed below $0.21 for four hours, and the $0.20 psychological level would come into play.
However, initial buyers would have to recover the sum of $0.22 and hold it in the event of a second pullback, as per the long-term ADA projection.
The sustained break above $0.23 may create a path to $0.25, which is a +16% move from $0.2156.
Midnight’s NIGHT token traded near $0.03894 on October 23, roughly 22% below the $0.05 level it reached earlier this month. Although at the time of this writing, it showed a small gain, the price remained below four cents.
The retreat has taken back part of a sharp rally from September’s much lower prices. NIGHT still holds substantial gains from before that surge, leaving buyers to wonder if it can establish a base before more of that advance unwinds. Let’s get into it.
Four cents has become harder to hold
NIGHT’s late-September climb carried it from around $0.025 to above $0.05 in early October. Between the end of September and early October, it saw an over 100% rise, which took it to the $0.05 price level. It was a huge rise, but trading since then has been less convincing.
The four-hour chart shows rebounds repeatedly fading as the month progressed. The latest attempt reached roughly $0.043 before the price returned below $0.04, making it the first checkpoint.
Buyers were able to recover this level, but it was brief, and they have not been able to keep it there.
Source: TradingView
The chart showed that between October 11 and the time of this writing, its value has fallen by over 22% from around $0.05 to $0.039.
The earlier rally has not disappeared
NIGHT remains well above the roughly $0.020–$0.025 price area where it spent much of September, as seen on its daily chart.
For now, the closer test it faces is around the $0.0377–$0.0383 price level, which is around the latest session’s low and nearby trading lows. If it continues trading below that range, it would weaken the case that NIGHT is finding a floor.
In that scenario, the $0.035–$0.036 price area could become the next area to watch. Also, earlier gains alone would offer little protection if buyers fail to respond.
What would change the picture?
A stronger recovery means that NIGHT has to regain the $0.040–$0.041 price area and remain there when sellers return to try and take some gains.
That would move the price through the area where several short-term averages currently sit. More importantly, it would show buyers holding ground that they have recently surrendered.
The next test it would face would be around the $0.043 price area, where the latest positive move stopped. Until it can move beyond that failed attempt, a positive daily candle only shows limited evidence of a turnaround.
The broader rally still has some gains left to defend, but the shorter-term chart shows that buyers have not ended October’s retreat.
Final Summary
NIGHT trades roughly 22% below $0.05, but it still retains most gains from September.
If it recovers the $0.040–$0.041 price area, the positive trend will be stronger.
Widely followed crypto analyst and AltCryptoCast founder Sjuul Follings has highlighted a key condition Cardano must meet to potentially establish a fresh higher high.
Notably, Follings described Cardano as having one of the clearest bullish market structures among major cryptocurrencies. His accompanying chart illustrates this pattern, while he stressed the importance of defending ADA’s latest higher low to sustain the upward momentum.
Cardano’s Bullish Structure Hinges on $0.22 Support
The daily ADA/USDT perpetual chart on Bybit shows Cardano forming a series of higher highs and higher lows since June 2026, reflecting a sustained upward trend.
Notably, ADA established successive higher highs after pulling back to higher lows in mid-June, early July, and early August. The cryptocurrency subsequently climbed to a higher high near $0.25 on August 20 before retracing below $0.20.
This pattern suggests that buyers have consistently stepped in at progressively higher price levels, helping ADA preserve its bullish market structure.
However, Cardano must maintain this pattern to keep the uptrend intact. Follings emphasized that bulls need to defend the latest higher low near $0.22. Holding this support area could provide a foundation for another upward move.
Sjuul Cardano Chart
A Fresh Higher High Could Follow
According to Follings, successfully defending the $0.22 support area could allow Cardano to resume its upward trajectory and establish another higher high. However, he did not specify a price target for this potential move.
Nevertheless, another higher high would reinforce the existing bullish structure and suggest buyers continue to push the market higher.
Conversely, a decisive break below the recent higher low could weaken the pattern and expose ADA to a deeper pullback. Therefore, the token’s reaction around $0.22 could help determine whether the uptrend continues or bearish pressure intensifies.
ADA Sees Conflicting Price Predictions
Meanwhile, Cardano continues to trade around the $0.21 support level amid heightened market volatility. At press time, ADA trades at $0.2169, down 0.7% over the past 24 hours.
Notably, analysts Ali Martinez and Tony have warned of further downside risks. Martinez has identified $0.17 as a potential downside target, while Tony believes ADA could fall to $0.19.
Despite these bearish projections, a recent analysis by The Crypto Basic suggests that Cardano could reverse its multi-year decline and rally toward $0.594.
These differing outlooks highlight the uncertainty surrounding ADA’s next move. While Follings’ analysis points to the importance of defending the bullish structure, other analysts have warned that continued selling pressure could push the cryptocurrency lower.
Crypto analyst Master Ananda has maintained his bullish outlook on Cardano (ADA), arguing that its recent pullback does not invalidate the broader recovery structure.
Cardano has retraced over the past few days, falling below the $0.22 threshold. The decline comes days after Ananda predicted that ADA could rebound to $1 in the coming months before climbing to a new all-time high of $3.25 next year.
However, ADA pulled back after the analyst’s bullish projection, hitting a low of $0.2105 yesterday. Although the token has since recovered to around $0.2169, the latest decline adds to the prolonged downtrend it has experienced since 2025.
Ananda’s accompanying three-day chart illustrates this trend, showing ADA trading within a falling wedge from early 2025 through the second half of 2026. During this period, the cryptocurrency fell from above $1 to around $0.20.
Master Ananda Urges Traders to Remain Patient
Reacting to the recent price weakness, Ananda acknowledged that red candles and consecutive losing sessions can make traders question their bullish positions. Nevertheless, he argued that short-term declines do not necessarily signal the end of a recovery, particularly when prices remain within the expected trading range.
According to him, traders should focus on established support and resistance levels rather than panic over every market movement. He also emphasized that no trading strategy wins every time, making careful planning, risk management, and emotional discipline essential.
Ananda further argued that traders cannot predict every market move with certainty. Instead, he encouraged them to prepare for different outcomes, accept that some trades will result in losses, and avoid making impulsive decisions whenever prices move against their expectations.
ADA Chart Highlights a Rounded Bottom and Recovery
Meanwhile, Ananda’s chart suggests that Cardano may be establishing a foundation for recovery, highlighting a roughly two-month rounded bottom.
The formation began around late June, when ADA reached a low of $0.1384. The token subsequently rebounded, climbing toward $0.28 earlier this month before retracing. Ananda labeled this rebound the “2026 Recovery,” suggesting that it could mark the beginning of a broader bullish move.
However, ADA’s recent pullback shows that the recovery remains vulnerable to renewed selling pressure. The token must sustain its rebound and overcome nearby resistance levels to strengthen the bullish outlook.
MasterAnanda Cardano Chart
Analyst Maintains $1, $2, and $3.25 Targets
Despite the recent volatility, Ananda remains optimistic about Cardano’s long-term prospects, maintaining his projected upside targets if ADA sustains its recovery and gathers momentum.
His first target sits around $1, with the chart marking a Fibonacci extension level at approximately $1.072. The analyst’s main target is $2, corresponding to another Fibonacci extension near $2.06.
Ananda also identifies $3.25 as a potential new all-time high, with the chart marking the corresponding Fibonacci extension at approximately $3.248. If ADA reaches this level, it would surpass its previous record of around $3.10, established in September 2021.
Nevertheless, these targets remain speculative. Cardano has yet to establish a sustained bullish trend, and the broader cryptocurrency market has not provided clear confirmation of a lasting recovery. ADA would need to overcome key resistance levels and maintain its upward momentum before these projections become more plausible.
Cardano showed a modest recovery on Friday, with ADA rising almost 2% to trade near $0.2156 after suffering a 6% decline in the prior session. Despite this limited rebound, ADA remains below its key moving averages and the previous rising support trendline, highlighting persistent technical pressures on the cryptocurrency.
Large investors show mixed positioningData from on-chain analytics platform Santiment revealed that wallets holding between 10 million and 100 million ADA controlled 37.93% of the circulating supply on Friday, a decrease from 38.27% reported on October 10. This reduction suggests that some sizable investors trimmed their ADA holdings in recent days, although reclassification of wallet categories could have contributed to these shifts.
Meanwhile, the largest investors—wallets with more than 100 million ADA—took the opposite approach. Their share of the ADA supply increased from 15.92% to 16.04% over the same period, indicating selective accumulation among top holders even as other whales reduced exposure.
The divergence in holdings reveals an uneven approach among large investors, rather than blanket selling across the board.
Holder GroupOctober 10October 1810M – 100M ADA38.27%37.93%>100M ADA15.92%16.04%Santiment is a blockchain analytics provider that tracks on-chain metrics, including investor behavior, whale activity, and token distribution.
Mini dictionary: Santiment is an on-chain data analytics platform that monitors cryptocurrency wallet distributions, investor activity, and other blockchain metrics to help investors assess market sentiment and asset flows.
The share of ADA supply in profit also slid notably, dropping from 30.78% to 17.8%. This shift means significantly fewer Cardano tokens now trade above their acquisition cost, reflecting both price declines and potential unrealized losses.
Mixed whale activity and falling supply in profit show that Cardano’s rebound is accompanied by pressure from large holders and weak sentiment among investors.
Derivatives market reflects reduced risk appetiteDerivatives data from CoinGlass indicated that open interest in ADA futures declined 3.3% to $467.97 million over the past 24 hours. Falling open interest alongside the recent price drop is typically linked to traders closing positions and reducing leverage exposure.
Because open interest is denominated in dollars, declines can also result from lower ADA prices. Liquidations over the same period totaled about $1.08 million, with $1.02 million coming from long positions—a sign that bullish traders bore the brunt of forced closures as prices fell.
Despite these liquidations, the funding rate in ADA perpetual futures remains positive at 0.0038%, highlighting that traders are still paying a premium to maintain long positions. This suggests ongoing bullish positioning, although signals appear divided across investor categories.
Technical levels cap Cardano’s recoveryOn the technical front, ADA continues to trade below significant resistance zones. The daily chart shows Cardano below the 50-day Exponential Moving Average at $0.2274 and the recently broken rising trendline near $0.2282. The 200-day EMA at $0.2322 presents an additional resistance barrier further overhead.
The Relative Strength Index, currently near 41, reflects subdued momentum, as values below 50 typically indicate weakness. The MACD has drifted further into negative territory, supporting a cautious short-term outlook for ADA.
On the downside, immediate support centers on the $0.20 mark, a key psychological and technical level. If sellers push ADA below this threshold, the price could test the August 30 low around $0.1894.
Unless ADA regains and closes above the $0.2322 region, the current move is likely a brief bounce within a broader corrective phase rather than a sustained reversal.
For any lasting recovery, analysts point to the need for ADA to reclaim the $0.2274–$0.2282 resistance zone, followed by a daily close above the 200-day EMA. Until then, Cardano is viewed as remaining in a corrective trend despite Friday’s modest advance.
Cardano holders are being asked to bet $5 million on copper hitting a new record. (Shutterstock)Summary
Toto Finance is seeking 22 million ADA, or about $5 million, from Cardano’s treasury to buy and tokenize copper, with voting set to close Nov. 15.Copper would need to rise about 49.4% for the treasury to recover its investment if the full budget is spent and ADA’s dollar price remains unchanged.The proposal would use more than half of Cardano’s remaining withdrawal allowance, while Toto could receive up to 3.36 million ADA and retain commercial rights to its separately funded tokenized-copper business.Cardano’s community treasury is being asked to spend about $5 million on a copper reserve, with costs that would require the metal to rise nearly 50% to recover the original investment under the proposal’s assumptions.
Toto Finance, a company that turns physical commodities into blockchain tokens, wants 22 million ADA for what it calls the Cardano Strategic Copper Reserve. Voting closes Nov. 15.
Copper, also known as “Dr. Copper” for its role as a barometer of global growth, is widely tracked as a signal of industrial expansion, with rising prices often pointing to an economic boom.
About two-thirds of the money would buy exchange-grade copper stored in a COMEX-approved warehouse near New Orleans. A token called CuTT would represent each verified pound. The metal would be held for 18 to 24 months, then sold over the following year, with net proceeds and unused funds returned to the treasury by month 36.
There is no guarantee the treasury gets its original ADA back.
The other third covers storage, insurance, audits, oversight and Toto’s work. If the full budget is spent and ADA’s dollar price stays unchanged, copper would need to rise about 49.4% to recover the withdrawal.
The proposal assumes copper is bought at $6.73 a pound and sold at about $10.06. Lower spending would reduce that hurdle, while a stronger ADA would raise it.
“Copper has significant upside potential, with bullish scenarios projecting approximately 30% annual appreciation. At that rate, copper would appreciate 69% over 24 months, potentially more than covering the 49.4% break-even threshold. Of course, commodity prices can also decline,” Monty Metzger, Toto’s founder and chairman, told CoinDesk in an email.
“Toto takes no profit from this proposal,” Metzger added, attributing much of the additional spending to Cardano’s constitutional requirements for oversight and auditing.
The budget allocates 2.64 million ADA to Toto for technology and project management, plus a 441,732 ADA execution fee. Toto could also receive up to 278,291 ADA through a margin on third-party storage and insurance invoices, included within the operating budget. Together, those payments could reach about 3.36 million ADA, roughly 15% of the request.
What Toto getsToto would retain the platform’s commercial rights and income from its separately funded CuTT business. The treasury’s financial return would come from its copper sales and unused funds.
Metzger said the company wants to scale the product to “$5 billion in tokenized copper assets” and that “Cardano could become our flagship showcase.”
The tokens would first be minted on Ethereum and locked in a bridge, software that allows matching tokens to be issued on Cardano. The contracts and their security reviews remain future work. Metzger said trackers of tokenized real-world assets have “historically focused heavily on Ethereum-based assets.”
Toto would hold legal title to the copper. Metzger said “an independent collateral agent and first-priority security arrangements” would protect the treasury if Toto failed, but did not name the agent.
The request lands with Cardano’s spending room nearly used up.
A 500 million ADA withdrawal cap runs through about July 2027, and 457.4 million had been used as of Oct. 16 — meaning the copper proposal would consume just over half the remaining allowance. Under the existing rules, returning the proceeds would not replenish it.
In late May, the Cardano Foundation’s 7.8 million ADA request for its 2026 summit won 65.21% support, short of the two-thirds required, and the event was canceled. Toto is asking for nearly three times as much.
Read More: Cardano Summit 2026 canceled after community votes against Foundation funding proposal
Cardano’s community treasury has a new kind of spending request on its desk. Toto Finance wants 22 million ADA, about $5 million, to buy a pile of copper.
The proposal is called the Cardano Strategic Copper Reserve. Under its own assumptions, copper would need to climb roughly 49.4% before the treasury simply gets its money back.
What Toto Finance is asking for Toto Finance Inc. is a Delaware-based company that turns physical commodities into blockchain tokens. Its pitch to Cardano governance is fairly direct: use treasury ADA to buy real metal, then tokenize it on-chain.
The copper in question would be verified COMEX Grade 1 cathodes. These are the standardized flat sheets of refined copper that industrial buyers trade. Each token would represent one pound of the metal and trade under the ticker CuTT.
The physical copper would sit in a warehouse near New Orleans. The plan calls for selling the tokens after 18 to 24 months.
Of the 22 million ADA requested, 66.93%, or ₳14.72 million, would go toward buying the copper itself. The rest would cover technology development, custody, insurance and independent oversight.
That split matters. Only about two-thirds of the treasury’s money actually becomes copper. The other third goes to the plumbing around it.
Toto Finance has pledged to return 100% of net sale proceeds, plus any unused funds, to the treasury within 36 months. The company would also keep commercial rights to its tokenized-copper business, which is funded separately.
The break-even problem The treasury isn’t buying copper at cost. It’s buying copper plus overhead, and the overhead has to be earned back before anyone sees a profit.
The proposal’s own break-even analysis sets that bar at an approximately 49.4% rise in copper prices. Anything short of that, and the treasury recovers less than it put in, even if every token sells and every dollar comes back as promised.
Founder Monty Metzger has pointed to copper’s supply and demand picture as the reason for optimism. He has highlighted global electrification and data center growth as forces that could push prices higher.
Timing and the treasury’s shrinking allowance Voting on the governance action runs from epoch 661 to epoch 668. That window is expected to close around November 15, 2026.
The size of the request stands out against what’s left to spend. The proposal would consume more than half of Cardano’s remaining ₳42.6 million withdrawal allowance.
That turns the vote into a resource allocation question as much as a copper question. Every ADA that goes into cathodes in a Louisiana warehouse is ADA that can’t fund other ecosystem projects under the current allowance.
Who is Toto Finance The company isn’t new to tokenized metals. Toto Finance launched a marketplace for tokenized precious metals in 2023.
It has also received backing from the Cardano Foundation Accelerator. That gives it existing ties to the ecosystem whose treasury it is now asking to fund this reserve.
What this means for Cardano holders For ADA holders, this vote is a test of how the community wants to use its treasury. Is it a grant fund for builders, or something closer to an investment vehicle that takes market positions?
The structure blends both. Part of the money funds technology and oversight, which looks like a grant. The bulk buys a commodity and waits for it to appreciate, which looks like a trade.
Meanwhile, Toto Finance keeps the commercial rights to its tokenized-copper business in either scenario. Voters will likely weigh that asymmetry closely.
With more than half of the remaining ₳42.6 million allowance on the line, competing proposals have a clear reason to make their case before the window closes.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Cardano Foundation has announced that Cardano Academy will teach Cardano fundamentals in the University of Nicosia’s online blockchain course and sponsor 25 places in its advanced track.
Summary
UNIC values the sponsored access at approximately €5,000, with advanced enrollment priced at €199.
The university lists Feb. 8, 2027, as the course’s next starting date.
Ripple, Avalanche and Trezor participate alongside Cardano in the university’s industry-led sessions.
A separate UCLA agreement will bring Academy material into a business course in 2027.
The Cardano Foundation said in its Oct. 22 announcement that the Academy’s teaching session will cover Cardano fundamentals and the extended unspent transaction output model, known as eUTxO. The Foundation described the program as a free university course beginning next spring, with sponsored access available for students taking the advanced track.
“We’re also sponsoring 25 spots in the advanced track,” the Foundation wrote in its announcement.
In a reply beneath the post, the organization said registration closes Nov. 2. Its announcement covers a teaching contribution and student sponsorships within UNIC’s existing Blockchain and Digital Assets course.
Cardano sponsorships cover access to the paid track
The University of Nicosia lists complimentary advanced-track access as the benefit attached to the 25 Cardano sponsorships. Its course page puts their combined value at approximately €5,000 and lists the standard upgrade price as €199. Multiplying the published fee by 25 gives €4,975, consistent with that rounded valuation.
According to UNIC’s course outline, the introductory track covers weeks one through eight, while advanced learners continue through week 12. The university lists John Greene, a Cardano Foundation technical writer who develops Academy scripts and animations, alongside Professor Apostolos Kourtis for the session on Ethereum and programmable blockchains.
On its partner directory, the Foundation describes UNIC as an education partner working on curriculum integration, joint research and developer education. The directory places the university alongside academic collaborators in the United States, Switzerland, Brazil and Argentina.
The Foundation’s description of the relationship covers university teaching and research, while the Oct. 22 post identifies the specific Academy session and sponsored student access.
UNIC includes several blockchain industry contributors
UNIC’s published syllabus assigns Trezor a role in wallet security, Avalanche participation in decentralized finance, and Ripple participation in tokenization and stablecoins. Cardano is therefore one of several blockchain organizations contributing to the course.
The university lists Feb. 8, 2027, as the starting date. Its advanced modules cover NFTs and digital ownership, regulation, blockchain scaling, and the convergence of blockchain, artificial intelligence, and connected devices.
Beyond Nicosia, the Foundation’s partner directory identifies several different forms of academic cooperation. It describes an international summer school with the University of Zurich Blockchain Center and research through Ledger Labs at PUC-Rio covering decentralized finance, DAO governance, digital assets and energy-sector applications.
The same directory identifies a Cardano Project Development Lab with the University of Brasília and an education and research partnership with Argentina’s Universidad Tecnológica Nacional. Those entries describe separate institutional programs with different teaching and research activities.
Cardano Academy material will enter a UCLA course in 2027
In the United States, the Foundation announced a multi-year agreement with UCLA Anderson School of Management’s Venture Accelerator on Sep. 28, as crypto.news previously reported in its account of the UCLA education partnership.
The Foundation’s announcement says Academy content and use cases will enter Blockchain Cryptocurrency Applications in Business and Finance beginning in 2027. Alex Nascimento teaches the course, with students expected to use the material in practical applications and project-based learning.
The agreement provides five sponsored fellowships for selected early-stage companies in UCLA Accelerate. According to the Foundation, fellows will receive funding, mentorship, and access to the Cardano ecosystem, while participating companies can explore building on the network.
A masterclass scheduled for Oct. 19 formed another part of the announced program. The Foundation described team exercises on Web3 business architecture, short pitches and AI-assisted smart contract development, with sponsored certification for successful participants.
The same announcement includes sponsorship of the 2027 UCLA Draper Innovation Showcase, covering educational programming, founder engagement and networking opportunities.
Earlier Academy programs covered business leaders and public-sector staff
At Cardano Summit in November 2025, the Foundation introduced an AI and blockchain course developed with the Blockchain Research Institute.
The announcement described five modules for business leaders, including AI in a Web3 world, generative AI and blockchain, and industry applications and case studies. Enrollment was offered through Cardano Academy, with access through Coursera for Cardano community members.
The published launch details specified a 12-month availability period. The program’s subject matter focused on business uses of AI and blockchain, with examples intended for people assessing those technologies inside organizations.
In March 2025, the Foundation’s Brazilian public-sector partnership with state-owned technology provider SERPRO included plans to make Academy training available to its 8,000 employees, more than 2,000 of whom were developers.
SERPRO and the Foundation identified blockchain education and public-sector digital infrastructure integration as areas of cooperation. The agreement followed a December 2023 education alliance with Petrobras that involved Cardano Academy initiatives.
Cardano’s public Dijkstra testnet has opened to stake pool operators ahead of node 11.2, which will support a planned test-network upgrade to protocol version 12 without Leios.
Summary
DijkstraNet currently runs node 11.1.3, with the protocol upgrade waiting for the next release. A separate MusashiNet prototype includes Leios, while formal node 11.3 development remains unfinished. Input Output estimates Leios activation will need voting keys covering roughly 90–95% of stake. Constitutional changes, BLS key management and ecosystem risk reviews remain part of upgrade preparations. Intersect said in its Oct. 22 Upgrade Bulletin #39 that DijkstraNet became publicly available after an Oct. 21 restart, inviting stake pool operators to begin joining before the next node release.
The organization described two parallel testing paths. DijkstraNet will use node 11.2 to test Dijkstra features without Leios, while MusashiNet gives downstream teams early access to a prototype containing the Leios-inclusive feature set.
The bulletin provided no mainnet activation date or required percentage of operators that must upgrade their node software.
Cardano DijkstraNet awaits its protocol version 12 upgrade Intersect said DijkstraNet currently runs protocol version 11, within the Conway era, using node 11.1.3. Once the node 11.2 pre-release becomes available, a hard-fork initiation action will be submitted to move the network to protocol version 12, known as Dijkstra.
For operators joining now, the bulletin directs participants to configuration files and a testnet faucet through Cardano book. Intersect listed one-day epochs and an available Kleioscan explorer among the network’s testing resources.
Node 11.2 remained in development when the bulletin was published, with a tagged version expected during the week. Intersect described its scope as:
“Includes the full Dijkstra hard fork feature set, apart from Leios”
The release is expected to clear LSM for mainnet use, with memory requirements estimated at approximately 12 GB when using LSM, according to the bulletin. Intersect said it was already working with operators to test LSM and gather feedback.
Cardano previously activated the van Rossem hard fork on July 18, moving mainnet to protocol version 11. The current bulletin concerns preparations on separate test networks, not another completed mainnet upgrade.
Leios testing proceeds separately on MusashiNet Intersect described the weekly RC 2026w42 pre-release as a Leios-based prototype containing the complete Dijkstra hard-fork feature set. Downstream tooling teams can use it on MusashiNet to explore integrations before the formal node 11.3 release.
For node 11.3 itself, the bulletin said substantial development work remained, and a tagged release was still at least two weeks away. Intersect presented the prototype as an early integration opportunity, without describing it as a finished release.
Input Output’s Oct. 20 rollout plan, previously reported by crypto.news, set initial Leios capacity targets at three to five times Cardano’s current transaction capacity, followed by later targets of 10–15 times.
The developer’s plan separates the hard fork from full Leios operation. Input Output said pools must register BLS voting keys after the fork, with roughly 90–95% of stake registered before Leios can begin operating.
Its proposed sequence then moves through mainnet load exercises and at least two protocol parameter updates, with capacity changes dependent on network results and governance approval. The throughput figures remain targets, not performance delivered by the public opening of DijkstraNet.
Earlier Intersect planning placed Linear Leios in Dijkstra’s first phase and Peras activation in a separate, later hard fork. The two-phase Dijkstra roadmap described its dates as estimates, with testing and governance able to affect the mainnet schedule.
BLS key management remains under discussion Intersect said developers were considering two ways to handle BLS key registration and rotation without requiring pool owners to participate in those operations.
The existing pool registration certificate mechanism requires signatures from the pool cold key and every pool owner, according to the bulletin. The proposed alternatives are a dedicated BLS key management certificate or permission to update BLS keys in pool parameters without owner signatures.
Intersect identified the second approach as the more likely option for Dijkstra, while noting that a more comprehensive solution could be deferred to the Euler era. The bulletin identified stake pool operators, wallet providers and tooling teams as affected participants.
On upgrade scope, Intersect confirmed that CIP-23 is fully included in Dijkstra. It said several operators had welcomed the development teams’ response to that long-standing request.
The organization reported that the Technical Steering Committee had reviewed an updated Leios impact assessment, which was expected to be merged into the Cardano Upgrades GitBook. Other assessments would follow after outstanding review comments were addressed.
Intersect asked downstream teams to compare the assessments with their own integrations and flag missing dependencies or impacts.
Governance and node diversity work continue Intersect said the Hard Fork Working Group had completed an initial walkthrough of the Dijkstra risk log. Each risk will receive an owner with editing access, and the log will gain a column for formal risk assessments.
Following discussions between the Parameter Committee and developers, an updated constitutional draft was expected during the week, according to the bulletin.
Intersect scheduled a constitutional update and guardrails meeting for Oct. 23 at 14:00 UTC, open to Constitutional Committee members, stake pool operators, and delegated representatives. The organization said the session would be recorded and shared afterward.
The bulletin listed a separate Node Diversity Workshop organized by the Amaru team for Nov. 12–13 at the London Marriott Hotel Canary Wharf. Its working agenda includes reviewing future hard-fork features through implementation costs and community needs to help inform how subsequent upgrades are scoped and prioritized.
Cardano founder Charles Hoskinson revealed on October 18, 2026, that he is personally developing a new programming language intended for the Cardano blockchain.
In a post on the social platform X, Hoskinson stated that the project is underway and that he is collaborating with another developer.
He characterized the language as the first of its kind, designed to support intents alongside proof-carrying data through the use of Groth16 proofs.
The collaborator identified by the handle @rvcas is Lucas Rosa, a software engineer associated with Input Output Global.
Rosa is recognized as a co-creator and maintainer of Aiken, an existing smart-contract language used on Cardano.
Public materials for Aiken list him among its authors, and his personal site notes a role connected to tooling for the Midnight project.
Cardano already offers developers two primary options for writing smart contracts:
Plutus, which draws from the Haskell functional programming tradition that underpins much of the network’s original design, and Aiken, a more recent alternative aimed at improving accessibility.
I'm actually personally developing a programming language for Cardano. It's the first of its kind, enabling intents and PCD via Groth16 proofs. @rvcas is building it with me
— Charles Hoskinson (@IOHK_Charles) October 18, 2026
Hoskinson’s announcement positions the new language as an additional tool rather than a replacement whose precise relationship to these existing options has been clarified.
At a conceptual level, the features Hoskinson highlighted address common challenges in blockchain application design.
An intent allows a user or application to declare a desired outcome—such as completing a token exchange only if a certain price condition is met—while leaving the precise sequence of intermediate steps to be determined by the surrounding system or other parties.
Proof-carrying data refers to a technique in which computational results are accompanied by cryptographic evidence that every preceding step satisfied the required rules.
A verifier can then confirm the entire history by examining a single compact proof instead of re-executing the full computation.
Groth16, the specific zero-knowledge proof system referenced, is a well-established construction published in 2016.
It generates proofs that consist of only three group elements, keeping them small enough for efficient verification on-chain.
Because the proofs are zero-knowledge, they can demonstrate that certain conditions were met without exposing the private inputs that went into the calculation.
Combined, these elements could enable applications to coordinate complex multi-step interactions and transfer verified information between services while limiting the data that must be revealed publicly.
Hoskinson has not released a name for the language, published any code, shared technical specifications, or indicated a development or launch timeline.
The announcement itself appeared as a reply in a broader discussion about Cardano’s characteristics as a decentralized foundation for applications.
Separate recent comments from Hoskinson have referenced ongoing conceptual work related to Midnight, a privacy-oriented companion chain, though no direct technical linkage between that effort and the new language has been detailed.
The disclosure adds another layer to Cardano’s evolving developer tooling at a time when the network continues to introduce features such as enhanced programmable token standards. Whether the language ultimately streamlines the creation of applications that rely on verifiable outcomes and privacy-preserving checks will depend on the concrete design choices that have yet to be made public.
A longtime Cardano advocate has stepped down from his governance role, citing Sui’s technology and adoption as the reason. In a post on X, he said the Cardano Foundation and others “have not kept up.”
The move makes him the second well-known Cardano voice this year to shift toward Sui.
Why He Is Leaving His Cardano Governance Role #Cardano fam, this is a tough post to put out there but in the faith of transparency and integrity a must.
I have loved my time in the Cardano community and remain a believer but I have decided in my personal best interests to step away.
I still hold $ADA but it is no longer my…
— Chris O 🌎 Crypto Pundit (@TheOCcryptobro) October 22, 2026 He called the post “tough” but said it was necessary “in the faith of transparency and integrity.” He still holds ADA and describes himself as a believer. However, ADA is no longer his largest position.
“Things move fast and frankly @Cardano_CF and others have not kept up.”
He then compared the two networks directly. In his view, Sui’s technology and adoption are “a candid contrast” to Cardano. He added: “It’s not even close.”
As a result, he is stepping down as a DRep, a delegated representative who votes on governance proposals on behalf of ADA holders. He also asked his delegators to redelegate their voting power, since ADA delegated to him will no longer count in governance votes.
Cardano founder Charles Hoskinson replied to the post. “Thanks for your time here, and it was great to get to know you also,” he wrote.
A Second Cardano Voice Turns to SuiThe post follows a similar move by Dan Gambardello, a prominent Cardano analyst and YouTuber. In June, he moved part of his holdings from Cardano into Sui. Around the same time, he warned of a deep lack of support for the Cardano community.
Both shifts came during a difficult year for Cardano. In June, ADA fell below $0.20 for the first time since 2021. Meanwhile, ecosystem projects such as TapTools and Hosky wound down operations.
The price charts reflect the split. Over the past six months, SUI has edged higher while ADA has lost ground. Over 12 months, however, both tokens have fallen sharply.
Cardano (ADA) vs. Sui (SUI) Price Performance. Source: BeInCrypto (ADA, SUI)Pressure on the Cardano Foundation GrowsThe Sui comparison also lands at a sensitive moment for the Cardano Foundation. In June, the community voted down a 7.8 million ADA treasury proposal, which cancelled the Cardano Summit in Singapore. In addition, Foundation CTO Giorgio Zinetti left the organization at the end of August.
Still, a handful of high-profile departures does not prove a broader migration. For now, the shift toward Sui reflects frustration among some long-standing Cardano supporters rather than a measurable move of builders or capital. Hoskinson, for his part, has insisted that Cardano’s best days are ahead. Projects such as the planned Leios scaling upgrade may decide whether the network can win back its critics.
The Cardano Foundation has urged the European Commission not to create standalone MiCA rules for DeFi and staking, arguing that $ADA staking is non-custodial and should be regulated by function and risk.
The Cardano (@Cardano) Foundation has asked the European Union to keep decentralised finance (DeFi) and staking outside any new standalone rules under the Markets in Crypto-Assets Regulation (MiCA). The foundation argues that regulation should target actual risks and services rather than the technology itself.
, as part of the Commission's review of the EU's crypto rulebook.
Regulate function and risk, not technologyThe foundation's central argument is that what matters is who controls the assets. That differs from cases where an intermediary retains custody of client funds, and the foundation says the two should not fall into the same regulatory category.
The submission also covers other areas of the review.
What the Commission is considering
Law firm analysis cautions against reading too much into the exercise.
For $ADA holders and developers building on Cardano, the outcome will determine whether non-custodial staking is treated as a financial service or as direct participation in a network. The Commission has not yet published conclusions from the review.
SourcesCryptopolitan: Cardano Foundation urges EU to fix MiCA, not expand it to DeFi
Freshfields: MiCA under Review, what the Commission's consultation means for the crypto industry
Maples Group: The European Commission launches MiCA review consultation
The Cardano Foundation published on October 21, 2026 its response to the European consultation on the revision of the MiCA (Markets in Crypto-Assets) crypto law. Filed on September 30, this 19-page text opposes specific rules for DeFi and crypto staking.
In brief The Cardano Foundation opposes new MiCA-specific rules for DeFi and staking. It submitted its 19-page response to the European Commission on September 30 and then presented it on October 21. It wants to distinguish between ADA delegation without loss of custody and staking services offered by intermediaries. ESMA, for its part, proposes a regulated service for access to DeFi and targeted obligations for crypto staking. Nothing has been decided: the Commission’s consultation contains no legislative proposal. What the Cardano Foundation asks of the European Commission The Foundation believes that existing financial law should apply according to the functions performed and risks created, not according to the technology used. It therefore rejects standalone frameworks for decentralized finance (DeFi) and staking, a mechanism by which token holders help secure a proof-of-stake crypto network.
In its document, the Cardano Foundation specifically requests distinguishing two situations:
on one side, direct participation in a decentralized crypto network; on the other, financial services provided by intermediaries (especially when they hold or control users’ digital assets). On Cardano, ADA holders can delegate their tokens without giving up custody or locking them. The Foundation therefore believes this delegation should not be treated as a crypto staking service operated by an intermediary.
In force since July 1, 2026, the MiCA crypto standard excludes from its scope services provided entirely in a decentralized way without intermediaries (consideration 22). According to ESMA, the lack of a precise definition fuels divergent interpretations. The European Securities and Markets Authority also fears a “decentralization washing”: crypto actors presenting themselves as decentralized when an identifiable operator exists.
In its response dated September 30, ESMA proposes to include a definition of DeFi in the regulation and strictly limit this exemption. It also suggests a regulated service for crypto-asset service providers (CASP) acting as gateways to DeFi protocols.
Are Cardano and ESMA really opposed on crypto staking? Not entirely, according to publicly available information. ESMA indeed considers crypto staking inherent to proof-of-stake networks. It thus refuses to automatically equate it with lending or portfolio management. It also distinguishes staking carried out directly by the holder from technical, pooled, custodial services or liquid staking.
For crypto providers, it proposes graduated obligations:
information on rewards; lock-up periods; risk of “slashing” (penalty on a faulty validator); fees; disposition of crypto assets in case of insolvency. Their extent would depend on the degree of intermediation and the control exercised over digital assets.
Thus, the two crypto actors seem to agree on one point: a holder who delegates his tokens himself is not a service provider. The disagreement is actually on intermediated services. The ESMA wants targeted requirements and a dedicated service for access to DeFi. For its part, the Cardano Foundation rejects new autonomous crypto regimes.
In any case, nothing is decided at present. Opened on May 20 and extended until September 30, the Commission’s consultation contains no legislative proposal. The Commission must analyze the responses before any crypto initiative. The sources consulted also do not indicate a precise timetable for the next steps. File to be continued…
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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The Cardano Foundation has urged the European Commission not to expand MiCA to cover decentralized finance (DeFi), staking, or direct protocol participation.
The Foundation filed its formal consultation response on September 30, 2026, and published the full 19-page document on October 21. Its core message is clear: more regulation does not automatically mean better regulation.
Cardano Argues Staking Should Stay Outside MiCA’s Reach At the heart of the Foundation’s argument is Cardano’s unique staking model. ADA holders can delegate their stake to support network consensus without transferring custody or locking their tokens.
This, the Foundation argues, is fundamentally different from intermediary-run staking services where a provider takes custody of client assets.
Treating both the same way under expanded MiCA rules would be disproportionate.
The Foundation’s Senior Legal Counsel, Benjamin Buergi, submitted the response to the European Commission, warning that creating separate regulatory regimes for decentralized technology would impose unnecessary burdens without addressing real risks.
It would harm the security, resilience, and decentralization of proof-of-stake networks, without any corresponding benefit to investors or the financial system.
The Foundation also warned against over-classifying NFTs, hybrid tokens, and prediction markets under the existing framework.
It called on regulators to “follow the substance of an activity, the functions performed, and the risks created”, not the technology involved.
That view aligns with concerns Circle raised in its own call to adjust MiCA rules, where the stablecoin issuer noted that only 3 of the top 30 stablecoins complied with the current framework.
This intervention arrives at a critical moment. The European Securities and Markets Authority (ESMA) has floated additional safeguards around staking, lending, and access to DeFi protocols.
The Foundation’s filing directly counters that push. European Commission adviser Peter Kerstens had earlier outlined what comes next after MiCA, signaling that a second phase of the rulebook remains likely as markets evolve.
What This Means for ADA Investors and EU Crypto Policy For ADA investors, the Cardano Foundation’s position carries real practical weight. A favorable outcome, keeping non-custodial delegation outside expanded MiCA rules, would preserve broad retail and institutional participation in network security.
It would also reduce regulatory overhead that could otherwise slow institutional onboarding.
Germany’s DZ Bank recently secured MiCAR approval to offer institutional Bitcoin and Cardano trading, a sign that institutional appetite for ADA exposure under clear regulatory frameworks is already building.
The Foundation has also been working to deepen Cardano’s DeFi ecosystem. That effort gained momentum earlier this year when the Foundation pledged eight-figure ADA liquidity for stablecoin projects, a move designed to close the gap with Ethereum and Solana.
Lighter-touch MiCA rules on protocol participation would directly support that strategy, making it easier for users who retain control of their assets to participate in the ecosystem without regulatory friction.
Markets have not reacted sharply to the filing, which is typical for policy consultation responses. However, the Commission’s eventual conclusions on the MiCA review, expected in the coming months, will shape the EU’s crypto landscape for years.
Investors should monitor follow-up signals from ESMA alongside Cardano-specific catalysts such as the Leios mainnet release.
This article was automatically generated using Dow Jones technology. All major cryptocurrencies were down at 10 a.m. London time, with Avalanche seeing the biggest change, shedding 6.4% to $9.21. Cardano declined 5.9% to 21 cents, and Sui fell 5.9% to 98 cents. Dogecoin fell 4.8% to 8 cents, while XRP dropped 4.2 % to $1.33.
Solana shed 3.9% to $103.70. Ethereum shed 3.4% to $2,405.61, and Bitcoin shed 3.4% to $81,755.50. Tronix shed 0.2% to 33 cents. Data source: Dow Jones Market Data, Kraken (END) Dow Jones Newswires 10-22-26 0500ET Copyright (c) 2026 Dow Jones & Company, Inc.
The Cardano Foundation has called on European Union regulators to apply existing financial legislation to decentralized finance (DeFi) and staking activities, cautioning against the creation of new, separate regulations specifically targeting blockchain-based technologies.
Foundation appeals for function-based regulationIn a recent blog post summarizing its 19-page submission to the European Commission, the foundation emphasized that legal frameworks should address financial activities based on their economic substance and risk profiles, rather than focusing on the underlying technology. The foundation represents the Cardano blockchain community and supports the development and adoption of the Cardano network.
The Cardano Foundation drew a clear distinction between users’ direct participation in decentralized networks and financial services offered by intermediaries, especially those that involve the custody or control of client assets.
Regulation should follow the substance of an activity, the functions performed, and the risks created, not the technology through which it is conducted.
Cardano users can delegate their ADA tokens to help secure the network without relinquishing custody or locking their tokens, the foundation explained. It argued that this form of staking differs fundamentally from intermediary-run staking services, where third parties control user assets, and should be regulated accordingly.
The call for clarity followed the foundation’s submission to European authorities dated September 30. The document requested that authorities distinguish between direct, noncustodial participation in decentralized networks and intermediary-run financial services.
EU regulators weigh new crypto oversightRegulatory discussions are underway in Europe as the European Securities and Markets Authority (ESMA) considers expanding oversight in the digital assets sector. In September, ESMA recommended stronger safeguards for activities such as staking, lending, and borrowing, and suggested establishing a new regulated service category for companies facilitating access to DeFi protocols.
The Cardano Foundation’s submission also urged European regulators to clearly separate requirements under the existing Markets in Crypto Assets Regulation (MiCA) from broader financial laws, warning that ambiguous regulations and conflicting approaches across EU member nations could generate uncertainty for cryptocurrency companies.
MiCA is set to become the main framework for crypto market oversight in Europe, aiming to harmonize policy across EU states, yet industry organizations have raised concerns about potential overlaps and compliance burdens.
Broader push for global clarityBeyond Europe, the Cardano Foundation has advocated for more regulatory certainty in other major markets. On October 20, it joined five other blockchain industry groups in an open letter to the US Securities and Exchange Commission. The organizations urged the SEC to formally categorize digital commodities as non-securities as part of the agency’s proposed rules for crypto assets.
The call for clarity follows growing debate among US regulators, including differing views between the SEC and the Commodity Futures Trading Commission (CFTC), on how to classify and regulate digital assets.
Mini dictionary: Cardano Foundation, an independent non-profit organization dedicated to promoting and standardizing the Cardano blockchain network.
Uncertainty regarding overlapping requirements and inconsistent interpretations of MiCA across member states could create challenges for crypto businesses operating within the EU.
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Lightning Labs’ CTO warns of eMudhra Certificate Authority (CA) leakage risk, advises users to update relevant clients.
Lightning Labs CTO Olaoluwa Osuntokun published a post stating that due to the impact of the CVE-2026-111943 vulnerability, he strongly recommends all users of lnd, btcd, tapd, and litd either update their binary files or rebuild the software using Go 1.27.3. The CVE-2026-111943 flaw involves a compromised certificate authority, which may affect the security of the relevant software.
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Glassnode: Bitcoin is in a strong range-bound state, with the market focusing on key catalyst events.
Glassnode released its weekly market report, stating that Bitcoin is constrained within a "trading range" of $80,000 to $87,000. Daily closes once rose above roughly $87,500, and recent ETF inflows paired with expanding trading volume show demand is absorbing supply at the upper end of the range. If Bitcoin breaks below $80,000, both ETF holders and average treasury investors will enter losses, potentially dragging the price down toward the True Market Mean. Below the range, buyers have re-accumulated positions near $80,000 based on ETF and Treasury cost bases (though at a smaller scale than the peak). Above the range, the cost basis for buyers who entered positions 6 to 12 months ago is around $86,700, paired with order book sell walls and liquidation clusters at roughly $85,000 and $87,000. A breakout from this range could accelerate, but will encounter selling pressure. Glassnode noted that investors should focus on upcoming key catalysts, including the Federal Reserve’s October 28 interest rate decision, rising oil prices and yields, and a rebound in inflation expectations. Separately, MSCI will publish its index adjustment list on November 11 (effective November 30), with potential removals of stocks such as Strategy, which could impact related equities and Bitcoin buying demand.
9 minutes ago
Bithumb will suspend XPLA deposits and withdrawals at 15:00 today to support network upgrades.
According to Bithumb's announcement, the platform will suspend XPLA token deposits and withdrawals on the XPLA network starting at 15:00 KST (Korea Standard Time) on October 22 to support network upgrades and node server updates. The node server update is scheduled for 19:00 the same day, though the exact time may be adjusted based on network conditions and block generation speed. Deposits and withdrawals will resume once network stability is confirmed, with a specific resumption time to be announced separately. XPLA trading will remain unaffected during this period.
9 minutes ago
Anthropic plans to publicly file its IPO documents as early as this Friday, with its current private market valuation standing at $1.957 trillion.
According to three people familiar with the matter, Anthropic plans to publicly file its S-1 investor prospectus as early as this Friday. The company confidentially submitted a draft to the U.S. Securities and Exchange Commission (SEC) in June. Per SEC regulations, companies that file confidentially must disclose relevant materials to the public at least 15 calendar days before the launch of their formal investor roadshow. The public filing will clear key procedural hurdles for a potential November initial public offering (IPO), though the final timing remains dependent on factors such as market conditions. Earlier reports noted some investors are targeting a $1.5 trillion valuation for Anthropic’s upcoming IPO, a 25% decrease from the earlier $2 trillion projection. Separately, data from trading platform Entropy shows Anthropic’s over-the-counter (OTC) contract market capitalization stands at $1.957 trillion.
9 minutes ago
Dragonfly Partner: The crypto industry is at the forefront of a global wave of cyberattacks.
Dragonfly Managing Partner Haseeb Qureshi has warned that the global cybersecurity landscape is facing a hacker wave comparable to the COVID-19 pandemic, with the crypto industry being the first to experience this trend. He argues that because on-chain attacks are the most straightforward way for hackers to generate direct profits, security breaches in crypto protocols can serve as an early warning sign of broader internet security risks. While the number of hacker attacks targeting the crypto sector has surged sharply, the annualized total value of stolen funds remains roughly on par with 2025 levels, indicating a decline in the average loss per attack. Qureshi pointed out that attackers are focusing on small DeFi protocols with weak security safeguards and inadequate maintenance, whereas large crypto protocols have begun leveraging AI tools to bolster their defenses. He predicts that this large-scale attack trend will eventually spread to the traditional internet industry.
9 minutes ago
Bloomberg: DeepSeek completes second-round financing of 100 billion yuan, with Tencent and CATL as the top investors.
Beating AI Express (Dongcha) reports: Bloomberg’s latest report states that DeepSeek has completed its second round of financing worth 100 billion yuan, with Tencent and CATL being among the largest investors. The round was initially targeted to raise 50 billion yuan, but its fundraising goal was raised twice afterward. Despite the financing scale doubling, DeepSeek’s pre-money valuation remains at around 500 billion yuan. At the end of June this year, DeepSeek just closed its first round of financing of approximately 51 billion yuan, with founder Liang Wenfeng contributing around 20 billion yuan personally. Calculated based on the reported scale of this round, the total financing of the two rounds amounts to roughly 150 billion yuan. In this round, new and existing shareholders will each contribute about half of the total planned investment. CATL will add around 10 billion yuan, while Tencent will also continue to invest approximately 10 billion yuan. New investors include Stone Capital, SMIC Holdings, CPE Source Capital, Legend Capital, and Geely, among others.
Perfect World announced on October 22 that two funds managed by entities related to Lisi Capital and Shixiang Capital have completed fundraising, with sizes of 7.52 billion yuan and 3.65 billion yuan respectively. Perfect World has subscribed to a total of 150 million yuan, and Century Huatong has previously disclosed its participation in the investment. Both funds participated in DeepSeek’s current financing round, but the specific investment amounts have not been made public. DeepSeek is also preparing for an IPO on China’s STAR Market, planning to submit its listing application as early as the end of this year and aiming to go public in 2027.
A coalition of major blockchain projects, including Cardano (ADA), Chainlink (LINK), HBAR, Stellar (XLM), Aptos (APT), and Avalanche (AVAX), has formally requested the US Securities and Exchange Commission (SEC) to place its digital commodity definition into firm regulatory text rather than leaving it within a policy preamble.
Coalition Pushes for Clear Regulatory LanguageThe group—represented by the Cardano Foundation, Chainlink Labs, HBAR Foundation, Stellar Development Foundation, Aptos Labs, and Ava Labs—submitted a joint comment to the SEC as part of the ongoing public feedback period for the Regulation Crypto Assets proposal.
These organizations are pressing the SEC to make the non-security status of digital commodities part of the core operative rule, arguing that such clarity would provide industry participants with stable guidelines in the United States. By moving beyond interpretive commentary, the coalition seeks to ensure that future regulatory changes do not undermine current guidance.
Chainlink’s policy head, Taylor Barr, emphasized that builders need lasting certainty in order to make long-term decisions and investments in the US.
Placing the definition of a digital commodity and its treatment as non-security directly in the rule, rather than only in explanatory notes, would anchor this understanding in regulation.
The letter also advocates a presumption that secondary-market transactions involving previously identified digital commodities should not count as investment contracts, aiming to further support responsible innovation and secondary trading activity.
Broader Implications and Market ResponseThe joint effort reflects increasing coordination among high-profile layer-1 and infrastructure projects on policy matters. The coalition’s focus remains on solidifying existing guidance rather than pushing for entirely new frameworks, seeking durable clarity from regulators.
It is still uncertain whether the SEC will accept the coalition’s recommendations and integrate the proposed language into the final rule. Any decision will unfold within the broader US regulatory architecture, where other agencies such as the Commodity Futures Trading Commission (CFTC) also share oversight responsibilities.
On the technical front, Bitcoin (BTC) recovered to trade above $83,000 after previously testing support near $81,000. Despite this rebound, investor sentiment remains cautious in light of volatile price action throughout October. Sustained upward momentum will likely require a decisive move above resistance levels and clearer signals from institutional flows.
Price recovery in leading digital assets has offered some short-term relief, but traders are wary of further regulatory developments and ongoing market uncertainty.
Tracking technical signals has become increasingly important as both regulations and viral trends shape sector dynamics. In the meme token space, internet fads can attract substantial capital in a short time frame. For example, Fomo App reported that a trade in “Niu Lai” converted an initial $99 into nearly $370,000. Monitoring not just prices but also timing and token selection proves vital in this fast-moving segment. Fomo App provides a platform that unites token discovery and trading, complete with social feeds, investor rankings, and trade alerts for those keen to follow meme token momentum and investor moves.
While industry participants await regulatory clarity, attention also remains fixed on market trends and technical patterns as a guide for short-term tactics.
Groups representing Cardano, Chainlink, HBAR, Stellar, Aptos, and Avalanche stress that codifying existing digital commodity guidance would reduce regulatory uncertainty and support continued blockchain development in the US.
Six prominent blockchain organizations have called on the US Securities and Exchange Commission (SEC) to clearly define digital commodities as non-securities. Their joint request also pressed regulators to clarify rules regarding staking services and secondary trading of digital assets.
Blockchain networks seek regulatory clarityThe request was outlined in a letter signed by Chainlink Labs, the Cardano Foundation, Hedera, Aptos Labs, Ava Labs, and the Stellar Development Foundation. These organizations each play a key role in the development and governance of leading blockchain networks, driving advancements in decentralized finance and digital asset infrastructure.
The six groups urged the SEC to formally adopt ‘digital commodity’ classification as a core part of its proposed Regulation Crypto Assets framework, instead of only offering interpretive guidance. Citing market uncertainty, they argued that clear guidelines are necessary to help developers and participants determine whether securities laws apply to their projects.
The organizations stated that the absence of explicit classification forces developers and market participants to guess whether securities regulations will apply, exposing them to unnecessary legal and market uncertainty.
Specifically, the letter emphasized the need for unambiguous policy so that innovation can develop within a straightforward legal landscape. The request follows the conclusion of the SEC’s recent comment period on crypto asset regulations.
Staking, trading rules among main demandsBeyond asset classification, the letter also asked the SEC to clarify how securities laws impact activities such as staking and secondary-market trading. The groups seek regulatory certainty for processes like protocol staking and the use of staking receipt tokens, which are pivotal for many decentralized networks.
Previously, in a joint document issued with the Commodity Futures Trading Commission (CFTC), the SEC had assigned crypto assets to five categories: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. The blockchain groups are now advocating for those distinctions to be embedded into legal frameworks to avoid confusion across the industry.
Mini dictionary: Staking is a process on proof-of-stake blockchains where users lock up digital assets to help secure the network and earn rewards. Staking receipt tokens represent staked assets and can sometimes be used in other decentralized finance applications, raising regulatory considerations for their legal treatment.
Responses from Wall Street and policy groupsThe SEC’s draft regulatory framework, published in August, generated over 100 responses from industry stakeholders. Crypto companies, trade organizations, and major financial institutions all weighed in with their perspectives on the proposal’s exemptions and requirements.
The plan includes an exemption for token offerings, with start-up projects eligible for up to $5 million in unregistered offerings, and a broader fundraising exemption covering up to $75 million within a one-year period. The Hyperliquid Policy Center expressed support for the proposal but recommended the SEC adjust its treatment of airdrops, arguing that distributing tokens for free should not constitute a securities transaction.
Exemption TypeAmountPeriodStartup Exemption$5 millionPer offeringFundraising Exemption$75 million12 monthsOther groups also responded with critical feedback. The Alternative Investment Management Association requested clearer language around investors’ rights, while the Securities Industry and Financial Markets Association highlighted a new five-year “innovation exemption” that permits onchain trading of tokenized stocks.
UK’s FCA advances DeFi industry consultationsMeanwhile, the UK’s Financial Conduct Authority (FCA) opened two new consultations focused on decentralized finance (DeFi) regulatory guidance. The first, GC26/7, targets operational resilience, anti-money laundering compliance, and financial crime prevention among regulated firms using DeFi systems. The second, CP26/36, examines recent legislative changes that affect the regulatory boundary of crypto assets.
According to the FCA, the consultations are intended to clarify—not create—policy, and both are open until November 18, 2026. The FCA plans to issue final guidance in January 2027.
The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 is scheduled to take full effect on October 25, 2027. Firms are able to begin applications on September 30, 2026, with a filing deadline set for February 28, 2027.
Cardano Monthly Chart Shows ADA Rebounding From Major Support as $0.59 Pivot Comes Into Focus.
Cardano is attempting to recover from one of its most important long-term support areas after ADA briefly fell toward the low-$0.13 to $0.15 region in June 2026.
The monthly chart shows price back near $0.22, but the broader structure remains under pressure, with ADA still trapped beneath a multi-year descending resistance line and well below the $0.594 pivot needed to strengthen a larger recovery.
ADA’s monthly Binance chart shows price near $0.2232 after rebounding from major long-term support. The central pivot sits at $0.594, followed by resistance levels at $0.914, $1.495, $1.815, $2.135 and $2.456.
The Binance ADA/USDT monthly candle shown on the chart opened at $0.2465, reached a high of $0.2824, and fell as low as $0.2111 before trading around $0.2232. That leaves the candle down roughly 9.5%.
Despite the latest weakness, the more important development sits underneath price. ADA recently tested the lower portion of its long-term structure and has so far avoided breaking the major support established around the $0.13-$0.15 region.
ADA Is Still Inside a Multi-Year Descending Structure
The larger chart remains defined by lower highs.
A descending resistance line begins around Cardano’s 2021 peak above $3 and continues through subsequent cycle highs.
ADA’s 2025 recovery toward roughly $1.20 failed beneath this broader structure, after which price resumed its decline.
A second falling trendline underneath price forms the lower boundary of the structure. ADA recently approached this area before rebounding, leaving the current move looking more like an attempt to establish a long-term floor than a confirmed trend reversal.
For bulls, holding above the $0.13-$0.15 area is therefore important. Another sustained move below that region would expose the lower boundary and weaken the current base.
$0.594 Is the First Major Recovery Pivot
The chart’s traditional pivot levels provide a clear roadmap above current price.
The central pivot sits at $0.594. From $0.2232, ADA would need to gain roughly 166% just to reach that level.
That shows how much technical damage still needs to be repaired.
These are not immediate price targets. They are progressively higher pivot resistance levels that would only become relevant if ADA first builds a durable recovery and breaks through the descending macro resistance.
The $0.91 area is especially notable because it overlaps with a region that previously attracted significant price activity.
Beyond that, $1.49 would mark a much larger recovery into the upper half of the long-term range.
Momentum Is Improving, but Not Yet Bullish
ADA’s monthly RSI is around 40.9, slightly below its accompanying average near 41.8.
That keeps momentum below the neutral 50 level, showing that the broader trend has not yet turned convincingly bullish.
The Stochastic RSI offers a slightly more constructive signal. Its readings sit around 22 and 15, with the indicator beginning to turn higher from the lower end of its range.
That can accompany an early rebound, but price confirmation is still required.
The volume profile also shows substantial historical activity below current price, particularly across the lower price bands, reinforcing the importance of the broader base.
For now, ADA’s monthly setup remains a support-recovery story rather than a breakout story. Holding the low-$0.10 support area would preserve the possibility of a larger bottom, while reclaiming $0.594 would be the first substantial sign that the multi-year decline is beginning to reverse.
Cardano is flashing a bearish signal that could precede another significant price decline, according to Ali Martinez, a popular market commentator.
Taking to X, Martinez highlighted a bearish shift in an important Cardano indicator, warning of potential downside risks. However, large ADA holders have yet to demonstrate a clear selling bias, making the $0.21 support level a critical area to watch.
Cardano Whales Show No Clear Selling Bias
Martinez explained that changes in the holdings of ADA whales, from 100 million to 1 billion tokens, have historically coincided with significant price movements. However, these large investors have held stable positions since October 10.
During this period, their combined holdings fluctuated between 2.72 billion and 2.76 billion ADA. This limited movement suggests that major holders have yet to establish their next line of movement.
Consequently, Martinez is monitoring these wallets for signs of distribution, which could indicate that large investors are beginning to reduce their exposure to ADA. A sustained decline in their holdings could reinforce concerns about mounting selling pressure.
Cardano Whale Holdings
SuperTrend Indicator Flashes Bearish Warning
While Cardano whale activity remains stable, its SuperTrend indicator has turned bearish, raising concerns about ADA’s near-term outlook.
Martinez identified May 22 as the last time the indicator flashed a similar signal. At the time, ADA traded around $0.25 before plunging to around $0.135, marking a decline of about 46%. Rumors that Cardano founder Charles Hoskinson was leaving the ecosystem further intensified the downturn.
Although this previous correction highlights the potential severity of a bearish reversal, Martinez stressed that it does not guarantee that ADA will repeat the same price action.
Martinez SuperTrend Indicator
ADA Risks Falling to $0.17 if $0.21 Support Breaks
According to Martinez, $0.21 marks the lower boundary of Cardano’s rising price channel and represents a critical support level that could determine its next major move.
A daily close below this threshold would signal a breakdown of the channel, potentially exposing ADA to a decline toward $0.17. From $0.21, such a move would represent a drop of 19%.
Martinez ADA Daily Chart
Crypto Tony Also Warns of ADA Downside
Meanwhile, Martinez is not the only analyst expressing concerns about Cardano’s price outlook. Widely followed crypto analyst Crypto Tony recently warned that ADA could fall to $0.19 after failing to overcome resistance around $0.23.
His projection suggests that ADA could face further losses if sellers maintain control around this resistance zone. Consequently, the token’s ability to reclaim $0.23 could prove important in determining whether it can regain upward momentum or face another downturn.
Nevertheless, ADA has continued to trade above the crucial $0.21 support level while attempting to break through the $0.23 resistance zone.
At press time, ADA traded at $0.2243, representing a 3.79% gain over the previous 24 hours. Despite this short-term recovery, the token remained down 4.44% over the past week and 3.7% over the past month.
Six blockchain organizations, including the Cardano Foundation, have asked the US Securities and Exchange Commission to make its “digital commodity” definition official. They want it written into the binding text of a proposed rule, not left in guidance that can change.
The joint comment letter landed on October 20, 2026, the last day of the public comment period.
Who signed and what they want The co-signers are Aptos Labs, Ava Labs, Cardano Foundation, Chainlink Labs, Hedera, and Stellar Development Foundation. Together they represent the teams behind APT, AVAX, ADA, LINK, HBAR, and XLM.
Their target is the SEC’s proposed Regulation Crypto Assets rule. The letter urges the agency to firmly codify the digital commodity definition within the rule’s operative text.
That detail matters more than it sounds. The operative text is the part of a regulation that actually binds. Preambles, footnotes, and staff guidance can explain or interpret a rule, but they carry less weight.
The groups argue that putting the definition in the rule itself would give developers and other participants long-term regulatory certainty. A token’s status would not hinge on how the next set of officials reads informal guidance.
Taylor Barr, head of policy at Chainlink, framed the push around durability. He emphasized that building lasting regulatory foundations into US law would help keep the country an attractive place for digital asset innovation.
The March footnote that set the stage The six tokens tied to the letter already share some regulatory history. ADA, XLM, HBAR, APT, AVAX, and LINK were referenced in a footnote of the SEC’s March 17, 2026 guidance.
That footnote connected the tokens to futures regulated by the Commodity Futures Trading Commission. The CFTC oversees commodity derivatives, while the SEC oversees securities. Which side of that line a token falls on shapes how it can be listed, traded, and marketed in the US.
Being named in a footnote is a signal. It is not a guarantee. Footnotes in guidance documents do not have the legal staying power of rule text, which helps explain why the issuers behind these tokens want something sturdier.
The comment period formally closed on October 20, 2026. The SEC may still continue accepting feedback after that date, so the October filing may not be the final word from the industry.
Ripple files its own letter The six-party coalition was not the only voice that day. Ripple submitted a separate comment letter on October 20 that supported the same general effort.
Ripple’s letter focused on refining existing classifications rather than challenging the broader rulemaking.
Why this fight keeps coming back The proposed regulation is meant to address ongoing confusion in the crypto sector about how tokens are treated under US law. That confusion has been sharpened by enforcement actions against major players such as Binance and Coinbase.
The digital commodity label is attractive to token issuers for a straightforward reason. A commodity classification would place a token outside the securities framework that drives much of the SEC’s enforcement activity.
The coalition’s argument is that a definition living in guidance is vulnerable. Guidance can be revised, reinterpreted, or withdrawn with far less process than amending a formal rule.
What this means for the market and builders There are real limits. Comment letters are requests, not outcomes. The SEC is under no obligation to adopt the coalition’s language, and the final rule could look different from the proposal.
The final shape of Regulation Crypto Assets is the key variable. Watch whether the adopted text includes a binding digital commodity definition, and whether it references specific criteria that tokens like ADA would need to meet.
For ADA holders specifically, the letter does not change the token’s legal status today. It puts the Cardano Foundation on record asking the SEC to give the commodity framework, and the tokens tied to it, a firmer legal footing than a footnote can provide.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
One hundred thousand farm lands in India now have a digital identity on the Cardano blockchain. The Cardano Foundation flagged the milestone, which was reached as of October 21, 2026.
The goal is to make farm data easier to verify and easier to reuse. For smallholder farmers who have long been locked out of formal credit and insurance, that could matter far more than any token chart.
What actually got registered
The project assigns each farm parcel a tamper-resistant identity built on satellite-verified data and decentralized identifiers. Attached to each parcel are sustainability histories and crop data. The intended audience is lenders, insurers and traders, the people who decide whether a farmer gets a loan, a policy or a buyer.
The effort is a collaboration between the Syngenta Foundation India and the Agri-Entrepreneur Growth Foundation. A group of technical partners supports the work, including AIQUANT, Anastasia Labs and Andamio.
On-the-ground activity has centered on several districts in Maharashtra, including Achalpur and Anjangaon Surji.
From pilot to 100,000 in a few months
The growth curve is the most striking part of the story. Initial pilot registrations in April and May 2026 landed somewhere between approximately 7,965 and 10,500 farms.
By June 2026, the count had passed 15,000 farms. During parts of the expansion phase, daily registrations hit 500 farms.
The infrastructure is designed to scale to one million farmer registrations, which would put today’s figure at about a tenth of the target.
The expansion plan also envisions deeper integration with India’s agricultural ecosystem. That includes partnerships with the World Bank and the International Finance Corporation (IFC).
Why fragmented records keep farmers stuck
Smallholder farmers often lack formal documentation, and the records they do have are scattered across different sources. A verified, shareable record of a parcel’s history is meant to change that calculation for lenders and insurers.
A separate initiative is also worth knowing about. IndianChain launched on October 8, 2026, focusing on secure agricultural record-keeping and settlements in Telangana. IndianChain’s target and use case differ from the Maharashtra-focused registration project.
What this means
That said, the coverage of the project points to no direct market price implications. Registering farms is not the same as generating on-chain economic activity, and investors should keep those two things separate.
The real test is downstream. The value of a farm identity depends on whether lenders, insurers and traders actually use it to make decisions.
The involvement of the World Bank and IFC, if those partnerships deepen as envisioned, could be the signal to watch. Development finance institutions have the reach to turn a promising registry into infrastructure that banks rely on.
For now, the numbers to track are clear. Watch how quickly registrations climb toward the one million target, and whether credit and insurance products start appearing on top of the data.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Cardano Foundation has reported that 100,000 farms in India have been registered on Cardano through 5am.earth’s agricultural data project.
Summary
Cardano Foundation says 100,000 Indian farms are registered on-chain through 5am.earth’s agricultural data project.
Farm records combine local field information, satellite-verified boundaries, and historical sustainability data.
A proposed Seedstars pilot covers 1,000–5,000 farmers, with initial loans ranging from $100–$500.
5am.earth’s treasury proposal seeks 10 million ADA over 18 months through milestone-based payments.
In its Oct. 21 announcement, Cardano Foundation said that the registrations support verifiable, reusable farm records across the project’s ecosystem. The organization linked to a Cardanoscan address and said each transaction there represents an individual farm.
2/ This collaborative project involved many teams: @Catalyst_onX, @AIquantTech, @Syngenta, @SyngentaFndnInd, , @AnastasiaLabs, @VeridianID, @Andamio_Teams, @ZengateGlobal, @NMKR_io, @Elkconnect_web3, Digifarm and numerous others across the Cardano community.
Congratulations…
— Cardano Foundation (@Cardano_CF) October 21, 2026
The project involves 5am.earth and Syngenta Foundation India, with technical contributions from AIQUANT, Anastasia Labs and Andamio. The Foundation’s case study describes a satellite-based system for recording agricultural information, including field boundaries, crop data and sustainability histories.
Cardano farm records combine field checks and satellite evidence
In its explanation of the registration process, 5am.earth describes four stages, beginning with an Agri-Entrepreneur recording information about the farmer, field, and activity where the work takes place. Satellite imagery then checks the field’s boundaries against current observations and its land history.
Identity and consent are attached to the evidence so its source can be traced, according to the project. Farmers can subsequently authorize the same record to support another service or decision.
On its website, 5am.earth says the system anchors identities and information from multiple sources on Cardano while keeping farmers’ personal data private. Its first stated uses cover land-border verification and historical sustainability ratings.
The project describes repeated verification as a cost faced by farmers and service providers. Banks, buyers, insurers, and governments often check the same farmer separately, creating isolated records, according to 5am.earth. Its proposed service lets financial institutions examine field evidence, buyers trace produce to supporting records, and government or nonprofit programs track participation using information already collected.
The Foundation’s case study says farm parcels receive decentralized identifiers linked to satellite-verified boundaries. Sustainability assessments draw on 12 years of biomass and crop data, while the blockchain records verified datasets for independent validation.
The Foundation describes reuse across finance, insurance, government programs, and agricultural trade. Its case study previously listed more than 15,000 farms following mainnet deployment and initial field trials, before the latest announcement put registrations at 100,000.
5am.earth outlines credit pilot with Seedstars
In its Cardano treasury proposal, 5am.earth names the operating project Swaminathan, after Indian agricultural scientist M.S. Swaminathan. The proposal identifies six active districts in Maharashtra and describes implementation through Syngenta Foundation India’s Agri-Entrepreneur model.
The proposal assigns different roles to commercial and technical partners. DigiFarm provides satellite-based farm verification, Zengate Global handles supply-chain traceability, Andamio records reputation on-chain, and Seedstars supplies credit scoring and loan origination, according to 5am.earth.
For the finance component, the project describes a Seedstars pilot covering 1,000–5,000 farmers. Its proposed initial input loans and working capital range from $100 to $500, with a later scale of $1,000.
Seedstars’ stated role includes using verified agricultural data to produce credit scores and structure loan offers, then feeding repayment information back into the records system. The proposal presents those figures as the pilot’s design, without establishing completed lending to the 100,000 registered farms.
The treasury request seeks 10 million ADA over 18 months. Its proposed payments comprise 5 million ADA on approval, followed by installments of 2 million and 3 million ADA tied to milestones.
Cardano’s industrial projects include fuel records in Brazil
Outside agriculture, the Foundation announced two research-stage applications with Petrobras and PUC-Rio’s Ledger Labs on Sep. 30, as crypto.news previously reported in its coverage of low-carbon fuel tracking.
The aviation project uses a Book-and-Claim model that separates the physical use of sustainable aviation fuel from the allocation of its environmental benefits. According to the Foundation, Cardano records the origin and recipient of each benefit.
The associated case study describes checking certificates before issuing standardized digital tokens. Participants can transfer and inspect those tokens, then retire them once the environmental benefit has been claimed to prevent reuse.
For Petrobras’ renewable-content Diesel R, the Foundation describes digital checkpoints covering production, transportation and use. Connecting those checkpoints would provide a fuel history for emissions accounting.
Both applications form part of the organizations’ research collaboration. Petrobras’ role concerns fuel information and environmental claims, while PUC-Rio’s Ledger Labs contributes through the research work.
Fireblocks support and Leios remain scheduled work
On Sep. 24, the Foundation and Fireblocks announced plans to make Cardano Native Tokens standard assets on the custody platform by March 2027. Their planned native token support would let institutional clients custody, send, and receive assets issued on Cardano.
Fireblocks has supported ADA since 2021. According to the announcement, the new integration covers other Cardano assets, including tokens using the CIP-26 registry standard and CIP-68 metadata standard, with further decentralized-finance integrations to be assessed during 2027.
At the protocol level, Input Output outlined its staged Leios rollout on Oct. 20. The developer targets an initial capacity of three to five times the current ceiling, followed by later steps toward 10–15 times, subject to mainnet results and governance approval.
Input Output says the Dijkstra hard fork will introduce the protocol changes before stake pool operators register new BLS voting keys. Its activation estimate requires registration covering roughly 90–95% of delegated stake, followed by live network load exercises and separate parameter updates to permit more traffic.
Cardano has achieved a rather impressive milestone in real-world adoption: 100,000 farms in India are now registered on the blockchain.
"100,000 farmlands in India are now registered on the Cardano blockchain," the Cardano Foundation said in its X post.
According to the Foundation, the project aims to get all agricultural data on-chain, providing a transparent and verifiable way to track farm data that can be reused across various services.
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The announcement marks significant progress since June. Back then, the Foundation said that about 15,000 Indian farms were registered on the blockchain via the initiative.
Revolutionizing agriculture in IndiaThe project, which was developed in collaboration with Syngenta Foundation India and a number of blockchain tech partners, aims to tackle a big issue for millions of Indian farmers: the lack of agricultural data.
The Cardano Foundation notes that over 100 million small farmers in India are not part of formal economies due to a lack of trusted and verifiable agricultural data.
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The absence of credible information about land boundaries, crop history, and agricultural practices often means farmers cannot obtain much-needed financial services and insurance.
The 5am.earth initiative aims to solve that by utilizing satellite imagery, decentralized identifiers, and blockchain technology.
It provides each farm with a digital identity tied to verified land boundaries from satellite data. The project also includes historical data about agricultural practices, including biomass and crop history from up to 12 years.
Then, it anchors the verified data on the Cardano blockchain so that institutions that use the service can independently verify the agricultural data without needing to collect it again and again.
It's an infrastructure that aims to provide farmers with access to financial services while lowering verification costs for banks, insurance companies, and agribusinesses.
1 million farms next?As the Cardano Foundation explained in its case study, the infrastructure is built in such a way that it could handle up to 1 million farms without requiring additional operating costs.
In addition, the project includes multiple prominent players in the Cardano ecosystem, like AIQUANT, Anastasia Labs, and Andamio.
Cardano Foundation urges EU against expanding MiCA rules to DeFi and stakingLatest NewsPublishedOct 21, 2026
The foundation called for regulation based on financial risks rather than technology, warning that overlapping rules could create uncertainty for crypto businesses across the EU.
The Cardano Foundation has urged the European Union not to introduce new, standalone regulations for decentralized finance and staking, arguing that existing financial laws should govern such activities based on their functions and risks rather than the technologies they use.
In a Wednesday blog post outlining its 19-page Sept. 30 submission to the European Commission, the foundation called for a distinction between direct participation in decentralized networks and financial services provided by intermediaries, particularly those involving custody or control of users’ assets.
“Regulation should follow the substance of an activity, the functions performed, and the risks created, not the technology through which it is conducted,” the foundation wrote.
The foundation said Cardano users can delegate their native ADA (ADA) tokens to help secure the network without surrendering custody or locking their tokens, arguing that such participation should be treated differently from staking services operated by intermediaries.
The submission also called for clearer distinctions between the EU’s Markets in Crypto Assets Regulation (MiCA) and existing financial laws, warning that overlapping requirements and inconsistent interpretations across member states could create uncertainty for crypto businesses.
The foundation’s position comes as EU regulators consider expanding oversight of crypto services. In September, the European Securities and Markets Authority (ESMA) recommended additional safeguards for staking, lending and borrowing, along with a new regulated service category for firms providing access to DeFi protocols.
The Cardano Foundation has also pushed for greater regulatory clarity across the Atlantic, joining five other blockchain organizations in an Oct. 20 letter urging the US Securities and Exchange Commission to formally recognize digital commodities as non-securities under its proposed crypto framework.
Magazine: Can the SEC and CFTC’s pro-crypto rules be overturned? Legal opinion
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Cardano Foundation urges EU against expanding MiCA rules to DeFi and stakingLatest NewsPublishedOct 21, 2026
The foundation called for regulation based on financial risks rather than technology, warning that overlapping rules could create uncertainty for crypto businesses across the EU.
The Cardano Foundation has urged the European Union not to introduce new, standalone regulations for decentralized finance and staking, arguing that existing financial laws should govern such activities based on their functions and risks rather than the technologies they use.
In a Wednesday blog post outlining its 19-page Sept. 30 submission to the European Commission, the foundation called for a distinction between direct participation in decentralized networks and financial services provided by intermediaries, particularly those involving custody or control of users’ assets.
“Regulation should follow the substance of an activity, the functions performed, and the risks created, not the technology through which it is conducted,” the foundation wrote.
The foundation said Cardano users can delegate their native ADA (ADA) tokens to help secure the network without surrendering custody or locking their tokens, arguing that such participation should be treated differently from staking services operated by intermediaries.
The submission also called for clearer distinctions between the EU’s Markets in Crypto Assets Regulation (MiCA) and existing financial laws, warning that overlapping requirements and inconsistent interpretations across member states could create uncertainty for crypto businesses.
The foundation’s position comes as EU regulators consider expanding oversight of crypto services. In September, the European Securities and Markets Authority (ESMA) recommended additional safeguards for staking, lending and borrowing, along with a new regulated service category for firms providing access to DeFi protocols.
The Cardano Foundation has also pushed for greater regulatory clarity across the Atlantic, joining five other blockchain organizations in an Oct. 20 letter urging the US Securities and Exchange Commission to formally recognize digital commodities as non-securities under its proposed crypto framework.
Magazine: Can the SEC and CFTC’s pro-crypto rules be overturned? Legal opinion
Subscribe to daily byte-sized crypto news from Cointelegraph Subscribe Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Six major blockchain organizations, including Chainlink Labs and the Cardano Foundation, have urged the US Securities and Exchange Commission (SEC) to formally classify digital commodities as non-securities, as the agency’s public consultation on proposed crypto regulations came to a close Tuesday.
In a joint letter dated Oct. 20, Chainlink Labs, the Cardano Foundation, Hedera, Aptos Labs, Ava Labs and the Stellar Development Foundation called on the SEC to incorporate its digital commodity classification directly into the proposed Regulation Crypto Assets framework, arguing that interpretive guidance alone leaves market participants facing legal uncertainty.
The groups argued that the SEC’s existing interpretation recognizes digital commodities as a distinct category but that the proposed rules fail to explicitly reflect that distinction, potentially leaving developers and other market participants uncertain about which securities regulations apply.
Source: Taylor Barr
The letter also seeks greater clarity on how securities laws apply to secondary-market transactions involving digital assets, as well as the treatment of staking and other activities associated with decentralized blockchain networks.
The SEC’s proposed crypto framework, introduced in August, drew roughly 140 public comments over 60 days, with industry participants and legal scholars offering competing views on proposed exemptions for crypto offerings and a conditional safe harbor for certain tokens.
Magazine: 5 alternatives to Ledger to store your Bitcoin
Six major blockchain organizations, including Chainlink Labs and the Cardano Foundation, have urged the US Securities and Exchange Commission (SEC) to formally classify digital commodities as non-securities, as the agency’s public consultation on proposed crypto regulations came to a close Tuesday.
In a joint letter dated Oct. 20, Chainlink Labs, the Cardano Foundation, Hedera, Aptos Labs, Ava Labs and the Stellar Development Foundation called on the SEC to incorporate its digital commodity classification directly into the proposed Regulation Crypto Assets framework, arguing that interpretive guidance alone leaves market participants facing legal uncertainty.
The groups argued that the SEC’s existing interpretation recognizes digital commodities as a distinct category but that the proposed rules fail to explicitly reflect that distinction, potentially leaving developers and other market participants uncertain about which securities regulations apply.
Source: Taylor Barr
The letter also seeks greater clarity on how securities laws apply to secondary-market transactions involving digital assets, as well as the treatment of staking and other activities associated with decentralized blockchain networks.
The SEC’s proposed crypto framework, introduced in August, drew roughly 140 public comments over 60 days, with industry participants and legal scholars offering competing views on proposed exemptions for crypto offerings and a conditional safe harbor for certain tokens.
Magazine: 5 alternatives to Ledger to store your Bitcoin
As regulatory efforts regarding cryptocurrencies continue in the US, an organization representing six cryptocurrency projects has launched a joint initiative to clarify the legal status of digital commodities.
Accordingly, Chainlink Labs (link), Hedera (HBAR), Aptos Labs (APT), Ava Labs (AVAX), Stellar Foundation (XLM), and Cardano Foundation (ADA) have requested the U.S. Securities and Exchange Commission (SEC) to explicitly state in its regulations the approach to treating digital commodities separately from securities.
Organizations want the SEC to add a direct definition of digital commodities to its proposed regulation of crypto assets, thereby reducing legal uncertainty in the sector.
Let the Definition of Digital Commodities Be Included in Binding Regulations!
At the heart of the debate is the SEC’s approach to classifying crypto assets, published in March. Six organizations argue that this approach should be incorporated into formal regulatory provisions, rather than merely being included in explanatory texts. The tokens involved include Chainlink, Hedera, Aptos, Avalanche, Stellar, and Cardano.
In their letter, these six companies and foundations argue that the SEC should incorporate the crypto classification criteria it published in March into official rules to reduce regulatory uncertainty.
The basis of the organizations’ request is, in particular, the view that a crypto asset being the subject of an investment contract should not, in itself, transform that asset into a security. The aim here is to clarify that even if a digital commodity is the subject of an investment contract, the asset itself is not a security.
The group also wants the SEC to clearly state that a new rule will not alter existing cryptocurrency classifications or change the scope of oversight or the boundaries between the SEC and the Commodity Futures Trading Commission.
It is not yet clear whether the SEC will accept these requests. Changes to the final regulation could affect the operations of digital asset projects in the US and the regulatory framework of the crypto market.
*This is not investment advice.
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Market commentator AltWolf has suggested that Cardano could climb toward $0.50, pointing to a long-term ascending trendline that has supported the token’s price since July.
AltWolf shared a daily ADA chart on X and suggested that the coin was heading toward the $0.50 target. Based on his outlook, Cardano is following a textbook technical setup that could support further gains if key support levels hold.
ADA Holds Above a Rising Trendline AltWolf’s chart shows Cardano following an ascending purple trendline that extends from its July lows near $0.14. Several red arrows highlight points where ADA rebounded after approaching this rising support level.
These repeated rebounds suggest that buyers have stepped in during previous pullbacks, helping Cardano maintain its upward structure throughout the period shown on the chart.
However, ADA recently retreated from its October peak near $0.28 and moved toward the ascending trendline around $0.21 to $0.22. The latest candles show the token trading near this support zone.
If the trendline continues to hold, Cardano could attempt another recovery. Conversely, a decisive break below this level would weaken the bullish setup and potentially expose ADA to further losses.
Two Key Resistance Levels The chart highlights two major resistance zones that Cardano must overcome to strengthen its recovery prospects.
The first lies around $0.23 to $0.24, where ADA encountered selling pressure this month. A sustained move above this range could signal improving bullish momentum and pave the way for a retest of the October highs.
Meanwhile, the second resistance zone sits around $0.28. Cardano faced selling pressure near this level earlier in October, making it another significant hurdle for buyers.
A breakout above both resistance zones would strengthen the case for further gains, although it would not guarantee that ADA would reach AltWolf’s $0.50 target.
AltWolf Cardano Chart At the current price of $0.2244, Cardano would need to rally 122.81% to reach $0.50. The last time ADA traded at $0.50 was in November 2025.
Contrasting Projections Nevertheless, AltWolf’s bullish outlook contrasts with warnings from other analysts who anticipate further downside pressure.
Crypto analyst Tony recently suggested that ADA could fall to $0.19 after failing to overcome resistance around $0.23. Similarly, Ali Martinez highlighted Cardano’s bearish SuperTrend indicator and relatively stable whale holdings, suggesting that the combination could precede another downward move toward $0.17.
Although AltWolf’s chart points to a potential recovery toward $0.50, Tony’s and Martinez’s analyses highlight the risks facing Cardano in the near term.
Cardano (ADA) is showing a warning sign after falling 18% over the past two weeks, making it the worst performer among 25 major cryptocurrencies. Crypto analyst Ali Martinez has flagged a bearish signal on the ADA chart, raising the risk of another drop toward $0.17.
However, ADA has repeatedly recovered after dipping below $0.21 since late August, making that level crucial for the next move.
ADA Price Falls 15% as Traders Face LiquidationsADA is currently trading near $0.224, up 2.8% in the past 24 hours as the broader crypto market shows a slight recovery. However, the token remains under pressure after its recent decline, while Bitcoin fell around 5% over the same two-week period.
Market volatility remains high, with ADA’s volatility exceeding 5.56% today. A total of 198 traders were liquidated, losing $620,320 combined.
Long traders accounted for 59% of the liquidations, worth $302,311, while short traders made up the remaining 41%, losing $318,007.
Analyst Flags Bearish Signal as Whales Stay FlatAccording to popular crypto analyst Ali Martinez, Cardano’s latest chart signal points to a possible price correction. The SuperTrend indicator has turned bearish, similar to a signal seen on May 22 that was followed by a 46% drop in ADA’s price.
Martinez also highlighted whale activity as another signal to watch. In the past, changes in holdings among investors with 100 million to 1 billion ADA have often lined up with major price moves.
3/5 The $ADA chart, however, is flashing a warning.
Cardano’s SuperTrend indicator has flipped bearish. The last comparable signal appeared on May 22 and was followed by a 46% correction.
That doesn’t mean history will repeat, but it makes the current signal worth watching. pic.twitter.com/AwH0ywnsEX
— Ali Charts (@alicharts) October 20, 2026 However, their holdings have stayed mostly unchanged over the past 10 days, showing no clear shift toward buying or selling.
The next key level is $0.21, which marks the lower edge of Cardano’s rising price channel. A daily close below this level could confirm a breakdown and push ADA toward $0.17.
Until then, the bearish signal remains a warning, not confirmation of another major drop.
ADA Price Prediction: Can ADA Fall to $0.17?On the daily chart, $0.21 is the key support level to watch. It marks the lower edge of Cardano’s rising price channel and has held in recent weeks. Since late August, every dip below $0.21 has been followed by a recovery above it within a few days.
However, a daily close below $0.21 could confirm a breakdown and push ADA toward $0.17.
On the flip side, a breakout above this level would start the bullish rally towards the $0.28 level.
Story Ends Here
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This article was automatically generated using Dow Jones technology. Most major cryptocurrencies were up at 10 a.m. Hong Kong time, with Cardano seeing the biggest change, climbing 0.6% to 22.4824 cents. XRP climbed 0.4% to $1.34, while Ethereum rose 0.3% to $2,453.63. Bitcoin rose 0.2% to $82,932.70, and Dogecoin rose 0.2% to 8 cents.
Sui increased 0.2% to $1.03, and Solana was flat at $106.65. Tronix was flat at 33 cents, and Avalanche shed 0.2% to $9.75. Data source: Dow Jones Market Data, Kraken (END) Dow Jones Newswires 10-20-26 2200ET Copyright (c) 2026 Dow Jones & Company, Inc.
Cardano founder Charles Hoskinson says he is personally developing a new programming language for Cardano ($ADA) that combines intents and proof-carrying data via Groth16 proofs.
Cardano founder Charles Hoskinson (@IOHK_Charles) says he is personally developing a new programming language for @Cardano and its native token, $ADA. Few details have been released so far.
Hoskinson described the language as and said that @rvcas is building it with him.
Who is building itThe handle @rvcas belongs to Lucas Rosa.
Hoskinson's comment
What intents, PCD and Groth16 meanThree technical ideas sit at the center of the project.
Intents are also being explored elsewhere.
What is still unknown
For now, the announcement is a statement of intent rather than a product. Developers and $ADA holders will need technical specifications and a release schedule before judging how the language fits into Cardano's tooling.
Sources:
Unchained: Charles Hoskinson Reveals Work on a Cardano Programming Language Using Groth16 ProofsTokenPost: Hoskinson Develops Cardano Language for Intents and Cryptographic ProofsPANews: Cardano Founder Charles Hoskinson Personally Developing a New Programming Language
