Cardano

Bitcoin traded close to $64,000 as crypto markets stayed locked in a low volatility range after the latest U.S. inflation reading. Monero and Hyperliquid outperformed while derivatives data showed muted volatility, elevated XRP positioning and selective bearish pressure across several altcoins.

Bitcoin slipped as corporate treasury activity and miner sales added pressure to a market already locked in a narrow range. The shift is reviving debate over whether BTC is moving away from corporate balance sheets and back toward retail-driven ownership.

Grayscale has withdrawn proposed ETF registrations tied to Cardano, Polkadot and Hedera after telling the SEC it no longer intends to proceed with the planned offerings. The withdrawals were sponsor initiated, not SEC rejections, and no securities were issued or sold.

Cardano gained ground this week as broader crypto participation improved, while Canton and Stellar remained under pressure. Bitcoin dominance stayed steady, ETF inflows were positive, and traders are watching whether the market’s breadth repair can hold.

Crypto markets entered the weekend under pressure, with Bitcoin trading below key short term averages while most large assets posted negative weekly returns. Uniswap and Cardano showed selective resilience, but weak breadth and softer stablecoin circulation kept traders cautious.

Bitcoin has gained 3% over the past day, moving above $66K and toward a key resistance band near $68K. Whale accumulation is adding a constructive medium-term signal, though stablecoin outflows from exchanges may be limiting market momentum.

Cardano activated the Van Rossem hard fork, moving the network to protocol version 11 while lowering smart contract execution costs. The upgrade also marked the first Cardano hard fork proposed, debated and ratified through onchain governance rather than directed by Input Output.

Cardano developer Input Output is preparing to hand key software components to outside specialist teams, marking a major step in the blockchain’s decentralization roadmap. The transition comes as the network faces weak activity and a sharply lower ADA price, making execution a critical test for the ecosystem.

Strategy’s unrealized Bitcoin loss has swelled past $13 billion, a figure larger than the market caps of hundreds of crypto assets. The imbalance has renewed debate over concentration risk, corporate treasury strategy and the opportunity cost of holding a single asset.

SecondFi confirmed three external attacks that drained 16 million ADA from 374 wallets through a flaw in its wallet generation software. The team says it secured another 129 million ADA before attackers could reach it, but losses could still exceed $20 million.