Trump Media moves closer to novel shareholder token airdrop

The post Cardano Price Prediction: ADA To Rally 6000%? Win For Grayscale Large Cap Fund appeared on BitcoinEthereumNews.com. Cardano (ADA) price is back in the spotlight as analysts point to massive upside potential following a major win for Grayscale’s Digital Large Cap Fund. Crypto expert Deezy has highlighted ADA’s history of explosive rallies, noting gains of up to 6,000% in past cycles. Grayscale’s fund holds Cardano alongside Bitcoin, Ethereum, XRP, and Solana. With SEC approval, investors see a powerful mix of technical strength and fresh institutional demand setting the stage for another breakout. Cardano Price Prediction: ADA Price To Skyrocket by 6000% , Says Expert Cardano has shown a clear history of explosive growth during previous cycles. In its first major move, ADA gained over 6,000% within just a few months. Later, the second cycle produced a strong 3,000% rally that lasted almost a year. Now, if this pattern continues according to an analysis by crypto expert Deezy, even with a 50% decline in strength compared to the last move, ADA could still deliver a 1,500% pump. That projection points directly toward the $10 range. https://twitter.com/deezy_BTC/status/1968344589846315017/photo/1 The chart also shows strong support forming after long consolidation periods. Each time ADA reached oversold conditions, powerful rallies followed. Currently, the indicators are curling upward again, hinting at momentum returning to the upside. With historical cycles, technical indicators, and consistent recovery patterns lining up, Cardano looks ready for another significant run. If history rhymes, the $10 target is within reach. Grayscale Large Cap Fund Will Hold Cardano, Four More Top Cryptos At the same time, the broader altcoin market just received a major boost with Cardano included. On September 17, the SEC approved the listing and trading of the Grayscale Digital Large Cap Fund (GDLC) on NYSE Arca. This includes Bitcoin, Ethereum, XRP, Solana, and Cardano. As a result, traditional investors will gain regulated access to ADA alongside these other top…

The post Surges to weekly high as Pound strengthens appeared on BitcoinEthereumNews.com. The GBP/JPY rallies to a new weekly high of 213.98, up by more than 1.10

The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…