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			TL;DR
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<li>Cardano founder Charles Hoskinson has confirmed that the long-awaited audit of Input Output Global’s ADA reserves is almost ready and will be broadcast live by mid-August. </li>
<li>The move aims to counter $600 million ADA misuse claims, which Hoskinson firmly denies. </li>
<li>He also hinted at potential lawsuits against those spreading false information. 
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</li>
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As the crypto space navigates persistent skepticism, Charles Hoskinson has chosen to address allegations head-on. Earlier this year, various voices accused him of diverting nearly $600 million in <a href="https://crypto-economy.com/knowing-cardano-protocol/" target="_blank">ADA</a> by exploiting <a href="https://cardano.org/" target="_blank">Cardano’s</a> ledger and hidden “genesis keys.” The claim gained traction after NFT artist Masato Alexander reignited the debate, pushing Hoskinson to act decisively.
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<img src="https://crypto-economy.com//wp-content/uploads/2025/07/Tweet-18.png" alt="Tweet by IOHK_Charles" srcset="https://crypto-economy.com//wp-content/uploads/2025/07/Tweet-18.png 616w, https://crypto-economy.com//wp-content/uploads/2025/07/Tweet-18-300x180.png 300w" />
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Determined to restore confidence, Hoskinson says the audit is progressing swiftly, with extra context and clarifications added where needed. Once ready, the report will be presented through a livestream session, accompanied by a website that archives historical sale records to counter doubts with verifiable data. The founder stressed that transparency is crucial to protect Cardano’s reputation from misinformation.
<h2>Legal Measures And Public Rebuttal</h2>
Besides the audit, Hoskinson has made it clear he won’t tolerate baseless accusations. He revealed plans to meet with a top defamation law firm to explore legal actions against individuals behind the allegations. He insists that “Input Output Global” did not hoard unclaimed ADA for itself, calling such claims “absolute lies.” According to him, any unclaimed funds were instead transferred to “Intersect”, a key entity supporting Cardano’s governance.
While the controversy unfolds, ADA has shown resilience in the markets. At press time, ADA trades near $0.88, marking a steady rise of over 5% in 24 hours and more than 50% in the past month. Still, it remains well below its historic 2021 peak.
<h2>Expansion Plans Fuel Long-Term Optimism</h2>
Beyond settling disputes, Cardano continues to push its roadmap. Hoskinson recently confirmed ongoing negotiations with Circle and Tether to introduce USDC and USDT on Cardano’s network, a step seen as vital for DeFi growth. However, he cautioned that stablecoins alone won’t transform the ecosystem overnight. The real breakthrough, he argued, will come from robust infrastructure and real-world adoption.
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In that spirit, Cardano unveiled Cardinal, a new protocol designed to connect Bitcoin liquidity with Cardano’s <a href="https://crypto-economy.com/smart-contracts/" target="_blank">smart contracts</a>. Using advanced cryptographic tools like MuSig2 and BitVMX, Cardinal allows Bitcoin holders to interact with Cardano DeFi without sacrificing decentralization. This development underscores Hoskinson’s commitment to expand Cardano’s utility beyond speculation and into practical, secure financial tools for crypto holders worldwide.
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Crypto economy (EN)

Cardano Controversy: Hoskinson to Expose Truth in Mid-August Audit Stream - Crypto Economy

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						<div><a target="_blank" href="https://dailyhodl.com/wp-content/uploads/2023/12/Chip-Altcoin-on-the-.jpg"><img src="https://dailyhodl.com/wp-content/uploads/2023/12/Chip-Altcoin-on-the-.jpg?w=750&amp;h=375&amp;crop=1" alt srcset="https://dailyhodl.com/wp-content/uploads/2023/12/Chip-Altcoin-on-the-.jpg?resize=360,180 360w, https://dailyhodl.com/wp-content/uploads/2023/12/Chip-Altcoin-on-the-.jpg?resize=750,375 750w, https://dailyhodl.com/wp-content/uploads/2023/12/Chip-Altcoin-on-the-.jpg?resize=1140,570 1140w" /></a></div>
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								Litecoin (<a href="https://dailyhodl.com/currencies/litecoin/" target="_blank">LTC</a>), <a href="https://dailyhodl.com/currencies/xrp/" target="_blank">XRP</a> and Solana (<a href="https://dailyhodl.com/currencies/solana/" target="_blank">SOL</a>) exchange-traded fund (ETF) applications all have overwhelming odds of approval this year, according to Bloomberg ETF analysts.
James Seyffart and Eric Balchunas now <a href="https://x.com/JSeyff/status/1936117896347803748" target="_blank">say</a> on the social media platform X that those three altcoins have a 95% chance of securing ETFs in 2025.
They also give potential Dogecoin (<a href="https://dailyhodl.com/currencies/dogecoin" target="_blank">DOGE</a>), Cardano (<a href="https://dailyhodl.com/currencies/cardano/" target="_blank">ADA</a>), Polkadot (<a href="https://dailyhodl.com/currencies/bitcoin/" target="_blank">DOT</a>), Hedera (<a href="https://dailyhodl.com/currencies/hedera-hashgraph/" target="_blank">HBAR</a>) and Avalanche (<a href="https://dailyhodl.com/currencies/avalanche-2/" target="_blank">AVAX</a>) ETFs a 90% chance of approval.
A Sui (<a href="https://dailyhodl.com/currencies/sui/" target="_blank">SUI</a>) ETF application from the crypto asset manager Canary Capital has slightly lower odds, at 60%, and a Canary Tron (<a href="https://dailyhodl.com/currencies/tron/" target="_blank">TRX</a>) bid doesn’t have any chance in 2025, according to the analysts.
<figure><img src="https://pbs.twimg.com/media/Gt54Fh7W0AACeyl?format=png&amp;name=medium" alt="Image" /><figcaption>Source: James Seyffart/X</figcaption></figure>
Seyffart also <a href="https://x.com/JSeyff/status/1936131294276067730" target="_blank">notes</a> that Ethereum (<a href="https://dailyhodl.com/currencies/ethereum/" target="_blank">ETH</a>) staking ETFs are also “extremely likely” to be approved in 2025.
Numerous other ETF applications have been <a target="_blank" href="https://dailyhodl.com/2025/04/23/xrp-solana-doge-and-others-among-72-different-etf-applications-waiting-for-sec-approval-report/">filed</a> for potential funds based on <a href="https://www.sec.gov/Archives/edgar/data/2059208/000183988225013999/canary-s1_030525.htm" target="_blank">Axelar</a> (<a href="https://dailyhodl.com/currencies/axelar/" target="_blank">AXL</a>), <a href="https://dailyhodl.com/currencies/bnb/" target="_blank">BNB</a>, Aptos (<a href="https://dailyhodl.com/currencies/aptos/" target="_blank">APT</a>), Chainlink (<a href="https://dailyhodl.com/currencies/chainlink/" target="_blank">LINK</a>), Pudgy Penguins (<a href="https://dailyhodl.com/currencies/pudgy-penguins/" target="_blank">PENGU</a>), Official Trump (<a href="https://dailyhodl.com/currencies/official-trump/" target="_blank">TRUMP</a>), Melania (<a href="https://dailyhodl.com/currencies/melania-meme/" target="_blank">MELANIA</a>) and Bonk (<a href="https://dailyhodl.com/currencies/bonk/" target="_blank">BONK</a>).
Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (<a href="https://dailyhodl.com/currencies/bitcoin/" target="_blank">BTC</a>) and/or Ethereum, assets that have already been approved for inclusion in other spot ETFs.
The SEC greenlit the first spot market Bitcoin ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently <a href="https://dailyhodl.com/2024/07/17/sec-likely-to-approve-ethereum-etf-applications-from-blackrock-vaneck-and-franklin-templeton-on-monday-report/" target="_blank">approved</a> Ethereum ETFs for trading last July.
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<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.</h6>
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The Daily Hodl

Litecoin, XRP and Solana ETF Applications Have 95% Chance of Approval This Year: Bloomberg Analysts - The Daily Hodl

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			TL;DR
<ul>
<li>Innovative Collaboration: Cardano-based Iagon teams up with Cloud Court and Ford to prototype a decentralized cloud system aimed at modernizing storage for sensitive legal documents.</li>
<li>Technology Integration: The initiative seamlessly blends blockchain’s immutable, secure infrastructure with AI-driven tools to index, analyze, and streamline access to legal records.</li>
<li>Real-World Impact: Ford’s advisory role underscores the solution’s potential to enhance data security, compliance, and efficiency across corporate legal archives. 
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</li>
</ul>
<a href="https://crypto-economy.com/knowing-cardano-protocol/" target="_blank">Cardano</a>-based Iagon has <a href="https://blog.iagon.com/exploring-the-future-of-legal-data-infrastructure-iagon-and-cloud-court-announces-poc-with-ford-motor/" target="_blank">joined</a> forces with Cloud Court and Ford Motor Company to test a decentralized cloud solution for storing sensitive legal documents. This initiative aims to eliminate the inefficiencies of traditional, fragmented legal archives and usher in a new era of secure, compliant data storage.
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<img src="https://crypto-economy.com//wp-content/uploads/2025/06/IagonTweet.jpg" alt="Cardano’s Iagon Partners with Ford to Prototype Decentralized Cloud for Legal Docs" srcset="https://crypto-economy.com//wp-content/uploads/2025/06/IagonTweet.jpg 825w, https://crypto-economy.com//wp-content/uploads/2025/06/IagonTweet-300x109.jpg 300w, https://crypto-economy.com//wp-content/uploads/2025/06/IagonTweet-768x279.jpg 768w" />
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<h2>Forging a New Path in Legal Data Management</h2>
The collaboration marks a major step forward as it brings together blockchain innovators and a Fortune 50 automaker. Iagon’s decentralized storage network uses the Cardano blockchain to tackle the ongoing issues that companies encounter when handling large amounts of legal data. 
With legal documents often scattered across legacy systems and isolated repositories, a unified, tamper-proof platform can ensure that depositions, contracts, and court filings are stored securely and accessed seamlessly.
<h2>Hybrid Solution: Blockchain Meets AI</h2>
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<img src="https://crypto-economy.com//wp-content/uploads/2025/06/IagonAIassistance.jpg" alt="Cardano’s Iagon Partners with Ford to Prototype Decentralized Cloud for Legal Docs" srcset="https://crypto-economy.com//wp-content/uploads/2025/06/IagonAIassistance.jpg 825w, https://crypto-economy.com//wp-content/uploads/2025/06/IagonAIassistance-300x109.jpg 300w, https://crypto-economy.com//wp-content/uploads/2025/06/IagonAIassistance-768x279.jpg 768w" />
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Combining cutting-edge <a href="https://crypto-economy.com/blockchain-technology/" target="_blank">blockchain technology</a> with AI-driven tools, the initiative utilizes Iagon’s distributed network to provide immutable storage, while Cloud Court’s artificial intelligence is tasked with reading, indexing, and analyzing legal transcripts. 
This hybrid approach not only creates robust audit trails and controlled access but also streamlines the retrieval and organization of complex legal records. AI’s role in classifying and managing data further enhances operational efficiency, ensuring that legal professionals can quickly locate and verify documents as needed.
<h2>Ford’s Role in Shaping the Prototype</h2>
Ford Motor Company’s participation with Iagon as an advisory partner lends the project a unique real-world perspective. With one of the largest corporate legal departments handling a myriad of sensitive records, Ford is ideally positioned to evaluate the practical benefits of a blockchain-based legal archive. 
Their insights into regulatory compliance and data security are key to testing whether this decentralized solution can outperform outdated systems and effectively reduce the risk of data silos.
<h2>Future Implications for Corporate Legal Security</h2>
If the proof-of-concept proves successful, it could set a new standard for legal data infrastructure across multiple industries. The prototype shows promise in enhancing security, ensuring compliance with stringent data protection regulations, and greatly improving the efficiency of legal data management. 
By demonstrating the real-world viability of blockchain solutions, this initiative may pave the way for broader adoption of decentralized technology within the corporate legal landscape.
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Cardano’s Iagon Partners with Ford to Prototype Decentralized Cloud for Legal Docs - Crypto Economy

<article> <div> The cryptocurrency market remains a hive of activity with investors and traders keenly watching the movements of major cryptocurrencies. Predicting the trajectory of these digital assets is crucial for those looking to make informed investment decisions. This week, several prominent cryptocurrencies including <a target="_blank" title="Bitcoin" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a> (<a target="_blank" title="Bitcoin" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">BTC</a>), <a target="_blank" title="Ethereum" href="https://med.etoro.com/B10215_A67747_TClick_Scb-ethereum.aspx?TargetURL=https://www.etoro.com/markets/eth">Ethereum</a> (<a target="_blank" title="Ethereum" href="https://med.etoro.com/B10215_A67747_TClick_Scb-ethereum.aspx?TargetURL=https://www.etoro.com/markets/eth">ETH</a>), and <a target="_blank" title="Ripple" href="https://med.etoro.com/B10215_A67747_TClick_Scb-ripple.aspx?TargetURL=https://www.etoro.com/markets/xrp">Ripple</a> (<a target="_blank" title="Ripple" href="https://med.etoro.com/B10215_A67747_TClick_Scb-ripple.aspx?TargetURL=https://www.etoro.com/markets/xrp">XRP</a>), among others, have shown varied performance trends that could hint at their short-term financial outlook. <h2>Major Cryptocurrencies: Current Trends and Predictions</h2> <a target="_blank" title="Bitcoin" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a>, often seen as the bellwether for the crypto market, has experienced fluctuations that continue to attract attention from the crypto community. <a target="_blank" title="Ethereum" href="https://med.etoro.com/B10215_A67747_TClick_Scb-ethereum.aspx?TargetURL=https://www.etoro.com/markets/eth">Ethereum</a>, following its much-discussed upgrade, also shows signs of market movement that could be crucial for DeFi platforms. Apart from these giants, smaller cryptocurrencies like <a target="_blank" title="Solana" href="https://med.etoro.com/B10215_A67747_TClick_Scb-solana.aspx?TargetURL=https://www.etoro.com/markets/sol">Solana</a> (<a target="_blank" title="Solana" href="https://med.etoro.com/B10215_A67747_TClick_Scb-solana.aspx?TargetURL=https://www.etoro.com/markets/sol">SOL</a>) and <a target="_blank" title="Cardano" href="https://med.etoro.com/B10215_A67747_TClick_Scb-cardano.aspx?TargetURL=https://www.etoro.com/markets/ada">Cardano</a> (<a target="_blank" title="Cardano" href="https://med.etoro.com/B10215_A67747_TClick_Scb-cardano.aspx?TargetURL=https://www.etoro.com/markets/ada">ADA</a>) are drawing interest due to their unique blockchain functionalities which could impact the DeFi and NFT sectors. The performance of these assets is not only pivotal for traders but also for the broader blockchain technology landscape. <h2>The Impact of Market Sentiment and External Factors</h2> Market sentiment often sways with developments in crypto regulation and technological advancements. Recent discussions around crypto regulations, particularly in major economies, have shown to impact cryptocurrency prices. Moreover, technological enhancements in blockchain platforms can lead to increased adoption, potentially driving up demand and prices. Investors and traders must remain vigilant, keeping an eye on such developments which are significant for both short-term price movements and long-term valuation trends. As the crypto market evolves, understanding the underlying factors that influence price changes becomes paramount. Analysts and experts continue to monitor various indicators and global events that could dictate the future movements of these digital assets. These insights are invaluable for anyone involved in the cryptocurrency market, whether they are seasoned traders or newcomers. <h2>Looking Ahead</h2> The dynamic and unpredictable nature of the cryptocurrency market demands constant vigilance and adaptation from its participants. While predictions provide a snapshot based on current trends, the volatile nature of this digital market means that strategies and investment decisions always need to be flexible and forward-thinking. As the industry continues to mature, staying informed through credible sources and expert analyses will remain key for those looking to navigate the complexities of cryptocurrency investments successfully. <div>Crypto Investing Risk Warning Crypto assets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. <a target="_blank" href="https://www.cryptobreaking.com/disclaimer/">Read the full disclaimer</a> Affiliate Disclosure This article may contain affiliate links. See our <a href="https://www.cryptobreaking.com/disclaimer/" target="_blank">Affiliate Disclosure</a> for more information. </div> </div> </article><div> Get real-time cryptocurrency news, blockchain updates, market analysis, and expert insights. Explore the latest trends in Bitcoin, Ethereum, DeFi, and Web3. </div>

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