ChainCatcher news, Cardano founder Charles Hoskinson stated in an interview with CNBC that with tech giants like Microsoft and Apple entering the cryptocurrency space, Bitcoin could reach $250,000 as early as this year.Charles Hoskinson said: "The tariffs may ultimately be more noise than substance, and people will realize that most countries are willing to negotiate. The market will stabilize a bit and gradually adapt to the new normal, then the Federal Reserve will lower interest rates, at which point a large amount of capital will flow in, and this capital will eventually pour into the crypto market. I believe Bitcoin will reach $250,000 by the end of this year or next year."

ChainCatcher news, according to Cointelegraph, Cardano founder Charles Hoskinson stated that the next generation of cryptocurrency projects needs to adopt a more collaborative strategy to counter the large centralized tech companies that are entering the Web3 space.He pointed out that the cryptocurrency and DeFi sectors are often limited by a "circular economy," where the rise of one cryptocurrency often comes at the expense of capital flowing out of another token, hindering the growth of the entire industry. To effectively respond to the competition from centralized tech giants in the Web3 space, cryptocurrency projects need to build more collaborative token economics and market structures.Hoskinson mentioned that the current token economics and market structures in the cryptocurrency field are at odds with each other, and there needs to be a shift towards cooperative balance. Existing projects often sacrifice others for their own development, which is detrimental to industry progress and makes it difficult to fend off future entries from giants like Apple and Google. He anticipates that the U.S. market structure bill may pass before September, at which point the giants will flood in, and the cryptocurrency sector must build infrastructure to respond. To this end, Cardano is developing a multi-resource consensus protocol called Minotaur to unify payment block rewards.

ChainCatcher news, according to The Block, the Cardano Foundation has launched a digital identity platform called Veridian, which uses open-source tools to verify identities and authenticate online communications.Alongside this new product, the Veridian Wallet has also been launched, allowing users to manage their credentials, private keys, and identifiers.

According to ChainCatcher, USDM by Moneta Digital reports that Hoskinson Family Office, Inc. (HFO) has announced an investment of $1.5 million in W3i Software, Inc. to support the development of USDM, Cardano's first MiCA-compliant, fiat-backed stablecoin, promoting the integration of DeFi and traditional financial systems. USDM is issued by Moneta Digital and meets the stringent standards of the EU's Markets in Crypto-Assets Regulation (MiCA), providing compliant on-chain financial solutions for institutions, banks, and governments.

ChainCatcher News: The U.S. Securities and Exchange Commission (SEC) has delayed several cryptocurrency spot ETF applications this morning, including Grayscale's Cardano (ADA) and DOGE spot ETFs, Canary's XRP, Solana, Litecoin spot ETFs, and VanEck's Solana spot ETF.

ChainCatcher News: The U.S. Securities and Exchange Commission (SEC) has delayed the approval of Grayscale's spot Cardano (ADA) ETF.

ChainCatcher message indicates that, influenced by factors such as Trump's executive order to establish a Bitcoin strategic reserve falling short of expectations, the cryptocurrency market sector has once again turned bearish. Bitcoin (BTC) has dropped 4.21% in the last 24 hours, briefly falling below the $85,000 mark, while Ethereum (ETH) has decreased by 4.72%, dropping below $2,200. Additionally, the ETF Candidates sector fell by 4.07%, with Cardano (ADA) down 11.77%.In other sectors, the CeFi sector has decreased by 1.35% in the last 24 hours, with Bitget token (BGB) relatively resilient, rising by 1.20%; the PayFi sector fell by 2.11%, and the Layer2 sector dropped by 3.10%, although Movement (MOVE) rose against the trend by 6.62%; the Meme sector declined by 3.97%, and the Layer1 sector fell by 4.01%, with Sui (SUI) rising by 3.11% against the trend; the DeFi sector decreased by 5.42%, while Ethena (ENA) rose by 6.92% against the trend.Furthermore, the cryptocurrency sector indices reflecting historical market performance show that the ssiRWA, ssiDeFi, and ssiMAG7 indices fell by 6.21%, 5.47%, and 3.79% respectively in the last 24 hours. It is worth mentioning that the weekly return rates for the ssiMAG7 and ssiPayFi indices reached 6.20% and 14.17%, respectively.

ChainCatcher news, Cardano (ADA) founder Charles Hoskinson stated that he is unaware of the "Trump team's efforts to include ADA in the cryptocurrency reserves.""We have no idea about this matter, and no one has talked to us about it. When I woke up on March 2, I received 150 congratulatory messages, but I really don't know what happened," Charles Hoskinson added.According to previous reports, sources from the White House revealed that Cardano co-founder Charles Hoskinson was not invited to the White House cryptocurrency summit on March 8.

ChainCatcher news, during a live broadcast Charles Hoskinson claimed that he will go to Japan with the Cardano community on Friday, where he will discuss Cardano's budget and other issues, and he also mentioned "Cardano is for the world."

ChainCatcher news, according to Unchained, sources from the White House revealed that Cardano co-founder Charles Hoskinson was not invited to the White House cryptocurrency summit on March 8.The sources stated that Cardano did not participate in policy discussions and was not invited to meet with the government. Hoskinson had previously hinted at attending a fundraising dinner for the pro-crypto PAC MAGA Inc., but the White House indicated that he was not invited.

ChainCatcher news, HashKey Global is about to launch Cardano (ADA). Deposits and withdrawals will be available from March 5, 2025, 22:00 (UTC+8), and spot trading will start on March 6, 2025, 16:00 (UTC+8), supporting deposits and withdrawals on the Cardano network.To celebrate the launch of ADA, HashKey Global is offering a limited-time reward event: from March 5, 2025, 22:00 (UTC+8) to March 13, 2025, 23:59 (UTC+8), users who make their first deposit of at least 10 ADA or trade at least 50 USDT worth of ADA to complete their first spot transaction will receive a reward of 10 HSK.

ChainCatcher news, Cardano founder Charles Hoskinson responded on the X platform to the community's statement "ADA is now live in the US," suggesting that this might mean ADA could be renamed as "America's digital asset."ChainCatcher previously reported that Trump stated on social media, "After years of suppression by the Biden administration, America's cryptocurrency reserves will elevate the status of this key industry, which is why my digital asset executive order directs the presidential working group to advance a cryptocurrency strategic reserve that includes XRP, SOL, and ADA. I will ensure that America becomes the world's cryptocurrency capital. We are making America great again."

ChainCatcher news, on social media, on-chain analyst ZachXBT stated that one of the important indicators for measuring the legitimacy of a public chain is whether it has native stablecoin support from major issuers such as Circle, Tether, or Paxos.Currently, neither Cardano (ADA) nor XRP Ledger (XRP) has received support from these stablecoin issuers, and there are no native mainstream stablecoins such as USDT, USDC, or PAX on-chain.

ChainCatcher news, according to market data from RootData, the Cardano token (ADA) has increased by 61.43% in the last 24 hours, currently priced at $1.07.According to the Web3 asset data platform RootData, Cardano is an open-source, decentralized public blockchain platform that achieves consensus through a PoS mechanism, founded by Ethereum co-founder Charles Hoskinson.

ChainCatcher news, the SEC has accepted the application for a spot ETF for Cardano (ADA) submitted by NYSE Arca on behalf of Grayscale. Previously, the SEC has accepted a large number of cryptocurrency ETFs, including Cboe's XRP ETF, Grayscale's spot XRP, and DOGE ETFs.According to previous reports, NYSE Arca submitted a 19b-4 form on February 11 on behalf of Grayscale to establish the proposed Grayscale Cardano Trust. According to the documents, the custodian will be Coinbase Custody Trust Company, LLC, and the manager will be BNY Mellon Asset Servicing.

ChainCatcher news, according to the Cardano Q4 2024 report released by Messari, Cardano achieved significant growth in the fourth quarter of 2024, with ADA's market capitalization increasing by 127% quarter-over-quarter, reaching $30.3 billion. The total value locked (TVL) in DeFi grew by 94%, reaching $449 million, and the market capitalization of stablecoins increased by 66%, reaching $23.2 million. The average daily trading volume rose by 65%, reaching 71,500 transactions.Cardano also launched the Ouroboros Peras update, enhancing network scalability and being compatible with Hydra and Mithril. The price of ADA rose by 126%, reaching $0.84, and its market ranking improved to 9th place.