Logo
Cardano Ecosystem

Zycrypto

06/14/2025

·

112 views


Charles Hoskinson's Bold Move: Convert $100M ADA Treasury to Bitcoin and Stablecoins to Fix DeFi Gap

Thanks to the formation of higher lows, Cardano (ADA) is in high gear to breach the psychological prices of $0.65 and $0.80. Calling out this development, market analyst Lingrid pointed out, “Price action is...

Charles Hoskinson's Bold Move: Convert $100M ADA Treasury to Bitcoin and Stablecoins to Fix DeFi Gap

ADA Shows Strong Whale Activity Amid Cardano Becoming the Face of Argentina's First Legitimate Smart Contract

Thanks to the formation of higher lows, Cardano (ADA) is in high gear to breach the psychological prices of $0.65 and $0.80.

Calling out this development, market analyst Lingrid pointed out, “Price action is forming higher lows within a broad descending channel, eyeing a break toward the $0.75 target. A close above the resistance trendline could ignite bullish momentum and invalidate the recent downside structure.”

Source: Lingrid

In price action, higher lows play an important role in signalling the resumption of bullish momentum because they show that buyers are stepping in earlier each time the price dips.

Therefore, this reflects growing demand or confidence, a major catalyst for an uptrend.

At the time of this writing, Cardano was trading at $0.6348 per CoinGecko data.

AdvertisementFollow ZyCrypto On Google News  

Charles Hoskinson’s Stablecoin Proposal

Charles Hoskinson recently highlighted Cardano’s low stablecoin ratio as a major weakness.

As a result, Hoskinson proposed converting $100M in ADA from the Cardano treasury into Bitcoin (BTC) and stablecoins to boost decentralized finance (DeFi) growth and liquidity.

The Cardano founder suggested diversifying ADA’s treasury to address its low stablecoin-to-DeFi ratio, which is under 10%. The company has $32 million in stablecoins and $330 million in total value locked (TVL).

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Zycrypto

ORIGINAL SOURCE

https://zycrypto.com/charles-hoskinsons-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Zycrypto

See more
Hashdex’s Crypto Index ETF Tracking XRP, Solana, And Cardano Gets Regulatory Nod
Zycrypto
Hashdex’s Crypto Index ETF Tracking XRP, Solana, And Cardano Gets Regulatory Nod

last Thursday at 5:14 PM

·

4 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)