Cardano news

Bitcoin and major cryptocurrencies gained as U.S. President Donald Trump floated a $2,000 “tariff dividend” for every American, funded by import duties. The proposal, shared on Truth Social, lifted risk appetite but faced questions over feasibility and inflation. BTC rose 4.6% to $106,440, ETH up 6.1% to $3,618, XRP jumped 8.5% to $2.48, and SOL gained 6.1% to $167.96. The rally was partly driven by Canary Capital’s announcement of a pre‑effective S‑1 amendment for its planned XRP ETF.

Chainlink announced Rewards Season 1, launching Nov 11, letting LINK stakers claim tokens from nine Build projects. The news pushed LINK up 6 % to $16.26. Injective’s INJ token expects its Altria Upgrade on Nov 11, its largest upgrade yet, and has jumped 12 % to $8.04. Cardano’s ADA Summit in Berlin on Nov 12‑13 fuels speculation, sending ADA up 6 % to $0.5884. Lido Finance’s token‑holder update on Nov 11 could spark volatility as governance changes loom. Ripple’s XRP may react to Canary Capital’s spot ETF filing, which removed a delaying amendment, as Nasdaq approval is pending.

ADA fell over 6% in 24 hours, dropping from $0.642 to $0.605 and breaking the $0.61 support level as large holders sold $100 million of tokens, with volume 42% above the weekly average. Technical analysis suggests the support near $0.60 could fail, pushing ADA toward $0.55, while the RSI sits around 40 and a bullish MACD crossover hints at a possible reversal that has yet to materialise. The token’s market cap is about $22.5 billion, ranking it 10th among cryptocurrencies, and it lagged the broader crypto market gauge, CoinDesk 20, which is down roughly 5%.

Cardano’s native token ADA slid more than 3% to $0.64, breaking the 64.5‑cent support level that triggered a sell‑off after volume spiked 67% on Tuesday. Institutional outflows of $300k followed last week’s $3.7m inflows, as ETF approval delays and a risk‑off mood pushed investors toward safer assets. Technical analysis points to a 65.50‑cent resistance and a possible retest of 64 cents, while the crypto CD5 index fell 2% in the past 24 hours.

Bitcoin rose above $113,000 late Sunday, its highest in nearly two weeks, as US‑China trade talks showed a "preliminary consensus" on key issues and President Trump’s threat of 100% tariffs was said to be off the table. The optimism eased fears of a tariff spiral. Risk appetite lifted across markets; US and Asian equity futures advanced, gold retraced, and crypto saw a 1.8% market‑cap gain to $3.72 trillion. Ethereum climbed 2.6% to $4,060, Solana and BNB surged 4.5%, and XRP added 2.3% amid ETF optimism.

Cardano’s price has remained flat for weeks even as on‑chain activity surges, with the network crossing 115 million transactions and 57 % of its supply in staked ADA. The recent AWS outages tested decentralization; while Ethereum and Coinbase struggled, Cardano stayed operational, underscoring its resilient infrastructure. Despite strong community support and solid fundamentals, price lag is blamed largely on whale sell‑offs that blunt gains, with retail interest easing—yet the network still holds potential for a near‑term bullish cycle.

Bitcoin slid below $107k as risk‑off sentiment persists, with XRP and ADA dropping 17% over the week. Bitcoin's 50‑day moving average acts as local resistance; traders await Fed cues amid liquidity stress. ETH, BNB, Solana and XRP fell 5‑7%, while DOGE and ADA plunged over 20%. Liquidity rotation has returned to Bitcoin and stablecoins, with mid‑year lows in open interest and steady ETF inflows suggesting controlled deleveraging rather than panic. Analysts focus on the Fed’s October FOMC, noting a 65% chance of a 25‑basis‑point cut that could bolster year‑end risk appetite. Some see the drawdown as a buying window.

Flash crash after Trump’s tariff announcement wiped nearly $19 B in crypto positions, the largest single‑day liquidation on record, but Bitcoin steadied as a bounce formed. Cardano and Dogecoin led gains, rising almost 10 % each, while Bitcoin rose 2.7 % to about $114 k. Ether surged 8.3 %, BNB jumped 13.9 %, and XRP and Solana climbed 7‑8 %. The market signals an “emotional reset”; volatility cut gains and losses, yet the longer‑term structure remains intact. Macro easing as U.S.–China tensions ease, trade‑war rhetoric cools, has crypto moving with risk assets again. Future upside will hinge on rates and risk appetite, but conviction in the broader bullish trend stays strong.

The SEC cleared a fast‑track for alt‑coin ETFs, but a looming government shutdown could push Cardano (ADA) ETF approvals to 2026. Polymarket traders assign 90 % odds that the ADA ETF will clear by year‑end 2025, yet a 36 % chance of a month‑long shutdown threatens the review process. With only 390 SEC staff on duty during a shutdown, all crypto‑ETF filings—89 on the docket—would sit idle, and a late‑October or early‑November reopening would leave barely eight weeks before the holiday slowdown to address the backlog.

The SEC has urged issuers of five altcoin ETFs—XRP, Solana, Cardano, Litecoin, and Dogecoin—to withdraw their Form 19b‑4 filings, citing the newly approved generic listing standards that obviate the need for those submissions. While the move could speed up approvals, it may also erase imminent deadlines that had been set for several of the products. If the withdrawals take effect, the commission will replace specific, binding deadlines with a more ambiguous review timeline, potentially stalling the launch of these spot ETFs. The outcome remains uncertain, as some issuers may keep their applications pending.