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Project Overview
Cardano is an open-source, decentralized, and public blockchain platform. Consensus is achieved using proof of stake. Development of the platform began in 2015, and it was launched in 2017 by Charles Hoskinson, a co-founder of Ethereum.
Kraken plans to launch CFTC-regulated perpetual futures in the US within 30 days
Kraken has announced plans to launch its first perpetual futures product regulated by the U.S. Commodity Futures Trading Commission (CFTC) in the U.S. market within the next 30 days.Eligible U.S. clients will be able to trade perpetual futures on digital assets including BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC, and AVAX through Kraken Pro. Kraken stated that it will gradually expand contract types and product features in the future, as well as provide more collateral options.It is reported that the perpetual futures on Kraken Pro are provided by NinjaTrader Clearing, LLC (operating as Kraken Derivatives US), which is a CFTC-registered Futures Commission Merchant. The related spot margined and perpetual futures products will be available on the Bitnomial Exchange, a CFTC-regulated exchange that was recently acquired by Payward, Kraken's parent company.
CME Group to Launch Nasdaq CME Crypto Index Futures on June 8
CME Group announced plans to launch Nasdaq CME Crypto Index futures on June 8, 2026, subject to regulatory review. This will be its first market-cap-weighted futures contract, offered in both micro and standard sizes, and cash-settled. Final settlement will be based on the Nasdaq CME Crypto Settlement Price Index, which measures the performance of the largest and most actively traded cryptocurrencies by market capitalization—currently including BTC, ETH, SOL, XRP, ADA, LINK, and XLM.
CME to Launch Nasdaq CME Cryptocurrency Index Futures on June 8
CME Group announced plans to launch Nasdaq CME Cryptocurrency Index Futures on June 8, pending regulatory review. The Nasdaq CME Cryptocurrency Index Futures will be the company’s first market-capitalization-weighted futures contract and will be available in both micro and standard contract sizes. These contracts will provide market participants with a capital-efficient way to gain exposure to the top-ranked cryptocurrencies by market capitalization through a single financially settled futures contract. At expiration, the Nasdaq CME Cryptocurrency Index Futures will settle against the Nasdaq CME Cryptocurrency Settlement Price Index, which measures the performance of the most actively traded and liquid cryptocurrencies. As of May 14, the index includes Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens (XLM).
Charles Hoskinson: Section 604 of the CLARITY Act Could Hinder Open Source Innovation
Odaily, Cardano founder Charles Hoskinson stated when discussing the removal of Section 604 of the CLARITY Act that this provision could subject open source developers to long-term legal liability for others' use of their code. He pointed out that once developers publish open source software, even if someone subsequently misuses the code without consent, the developer could still be held permanently accountable, calling this a serious threat to the open source innovation environment.
Grayscale Files for First Zcash Spot ETF
Grayscale submitted the first application for a Zcash spot ETF on May 8.ZEC’s price once touched $600, pushing its market cap into the top 15 and surpassing Cardano. Multicoin Capital co-founder Tushar Jain noted that this move is driven by growing demand for privacy assets amid U.S. wealth tax legislative proposals. The SEC concluded its review of Zcash in January 2026 without taking enforcement action. Data shows that approximately 30% of ZEC’s supply is held in shielded addresses. Last week, U.S. Bitcoin spot ETFs saw $268 million in outflows, with some capital rotating into privacy and AI infrastructure tokens.
The gray-scale initiative plans to launch the Cardano ETF by the end of 2026.
According to Crowdfund Insider, digital asset management firm Grayscale Investments plans to launch an exchange-traded fund (ETF) focused on Cardano (ADA) by the end of 2026. The product is expected to trade under the ticker symbol GADA and would convert Grayscale’s existing Cardano Trust into a listed ETF—rather than filing a new application. If the relevant regulatory filings take effect by mid-August, the application may enter the U.S. Securities and Exchange Commission’s (SEC) streamlined review process and could begin trading in late October 2026. Grayscale has also recently increased ADA’s weight in its Smart Contract Fund from approximately 17.96% to 18.33%.
ADA Whales’ Holdings Share Rises to Nearly 67%, Highest Since 2020
Cardano whales currently hold nearly 67% of ADA's total supply, the highest level of concentration since 2020. (Cointelegraph)
Grayscale Files for First Zcash Spot ETF
Grayscale submitted the first application for a Zcash spot ETF on May 8.ZEC’s price once touched $600, pushing its market cap into the top 15 and surpassing Cardano. Multicoin Capital co-founder Tushar Jain noted that this move is driven by growing demand for privacy assets amid U.S. wealth tax legislative proposals. The SEC concluded its review of Zcash in January 2026 without taking enforcement action. Data shows that approximately 30% of ZEC’s supply is held in shielded addresses. Last week, U.S. Bitcoin spot ETFs saw $268 million in outflows, with some capital rotating into privacy and AI infrastructure tokens.
Binance will adjust leverage and margin tiers as well as collateral ratios for multiple contracts
according to an official announcement, Binance will update the collateral ratios and tiered collateral ratios for Portfolio Margin Pro at 2026-06-12 06:00 UTC (14:00 Beijing time), involving assets such as U, CAKE, CRV, TAO, LINK, SHIB, and ADA. Additionally, at 2026-06-12 06:30 UTC (14:30 Beijing time), adjustments will be made to the leverage and margin tiers for USDⓈ-M perpetual contracts, including 1000000MOGUSDT, ZORAUSDT, ONTUSDT, BLURUSDT, AXLUSDT, TOSHIUSDT, RONINUSDT, ROSEUSDT, BRETTUSDT, METUSDT, MINAUSDT, NMRUSDT, MOVEUSDT, and SAHARAUSDT.
Thomas Braziel Calls for Disclosure of the Whereabouts of 1,090 BTC Held by Cardano Foundation’s Predecessor
Well-known crypto bankruptcy claims investor Thomas Braziel (@Bkclaims) disclosed that original documents from the Isle of Man he obtained show that the earliest Cardano Foundation structure involved Charles Hoskinson, Jeremy Wood, Ken Kodama, and others. Subsequent documents indicate that Hoskinson served as the Foundation’s “Enforcer”—a key role responsible for ensuring the Foundation’s Board of Directors adhered to its charter. Notably, the Cardano ICO launched as early as September 2015, whereas the Swiss Cardano Foundation was not formally established until September 2016. During this interim period, the terms of service and risk disclosures consistently listed the “Foundation” as the issuer or supporting entity. Moreover, historical records from the Swiss Cardano Foundation also confirm the existence of a predecessor foundation based in the Isle of Man, which reportedly received approximately 1,090 BTC.
Cardano analytics platform TapTools announces shutdown amid departure of five executives, rendering operations unsustainable
According to Cointelegraph, TapTools, a real-time Cardano analytics platform, announced it will gradually shut down over the next two weeks. Since the beginning of this year, the platform has lost two co-founders, its Chief Operating Officer, Chief Technology Officer, and a backend developer. This exodus has resulted in a critical knowledge gap, rendering the platform unable to maintain normal operations. TapTools also cited high operational costs—including infrastructure, development, and support—as another key reason for the shutdown. The platform stated it remains open to external acquisition or financing. Cardano founder Charles Hoskinson accepted partial responsibility, noting he had previously proposed an “index program” to rescue struggling projects, but the initiative failed to materialize.
Cardano Foundation Cancels 2026 Summit Amid Rejection of Treasury Funding Proposal
According to The Block, the Cardano Foundation confirmed that the Cardano Summit 2026 will not be held this year, as the on-chain treasury funding proposal failed to reach the required supermajority threshold of 66.67%. The revised proposal sought a grant of 7.8 million ADA—approximately $2 million—but ultimately secured only 65.21% support from DReps’ staked voting power and was therefore rejected. The summit had been scheduled to take place in Singapore on October 5–6. Separately, EMURGO’s sponsorship proposal for TOKEN2049 has been approved.
Charles Hoskinson: Section 604 of the CLARITY Act Could Hinder Open Source Innovation
Odaily, Cardano founder Charles Hoskinson stated when discussing the removal of Section 604 of the CLARITY Act that this provision could subject open source developers to long-term legal liability for others' use of their code. He pointed out that once developers publish open source software, even if someone subsequently misuses the code without consent, the developer could still be held permanently accountable, calling this a serious threat to the open source innovation environment.
Cardano Developers Reduce Community Funding Applications to $46.8 Million, Advancing Scaling and Bitcoin DeFi Strategy
According to CoinDesk, Input Output, the core development company behind Cardano, has submitted nine funding proposals totaling $46.8 million to the community treasury for fiscal year 2026—a sharp reduction of approximately 52% compared to last year’s $97.5 million—marking its first step toward gradually reducing reliance on community funds. The nine proposals center on two key initiatives: First, the Leios consensus upgrade, expected to boost Cardano’s transaction throughput by 10x to 65x and target over 1,000 transactions per second (TPS); testing is scheduled for June, with full deployment planned by year-end. Second, Pogun—a Bitcoin DeFi system enabling Bitcoin holders to borrow and earn yield via Cardano without entrusting assets to centralized custodians; its lending functionality is slated for public release in Q2. Voting is being conducted by roughly 1,000 democratically elected representatives (DReps), with ballots closing on May 24. The outcome will test whether the Cardano community now views Input Output as just another ordinary funding applicant. Meanwhile, Cardano’s newly launched stablecoin USDCx has achieved a circulating supply of 14.6 million tokens within weeks of launch, and the network’s total value locked (TVL) has risen from $137.5 million to $142.7 million.
Related news
Cardano Founder: Planning to Migrate the Cardano Community from X to Discord
Cardano founder Charles Hoskinson stated that he has communicated with Phillip Pon and is developing a plan to create a Discord to facilitate the Cardano community’s migration from X.
CME Group Launches Nasdaq CME Cryptocurrency Index Futures, Covering BTC, BCH, ETH, SOL, XRP, ADA, LINK, and XLM
Cointelegraph posted on X platform, stating that CME Group has launched Nasdaq CME cryptocurrency index futures, covering BTC, Bitcoin Cash, ETH, SOL, XRP, ADA, LINK, and XLM.
CME Group Launches Nasdaq CME Cryptocurrency Index Futures
According to PR Newswire, CME Group announced the launch of Nasdaq CME Crypto Index Futures. These contracts will be cash-settled at expiration based on the index value of the Nasdaq CME Crypto Settlement Price Index. As stated in the announcement, as of June 9, the index includes Bitcoin, Bitcoin Cash, Ethereum, SOL, XRP, ADA, LINK, and Lumens.
Binance will adjust leverage and margin tiers as well as collateral ratios for multiple contracts
according to an official announcement, Binance will update the collateral ratios and tiered collateral ratios for Portfolio Margin Pro at 2026-06-12 06:00 UTC (14:00 Beijing time), involving assets such as U, CAKE, CRV, TAO, LINK, SHIB, and ADA. Additionally, at 2026-06-12 06:30 UTC (14:30 Beijing time), adjustments will be made to the leverage and margin tiers for USDⓈ-M perpetual contracts, including 1000000MOGUSDT, ZORAUSDT, ONTUSDT, BLURUSDT, AXLUSDT, TOSHIUSDT, RONINUSDT, ROSEUSDT, BRETTUSDT, METUSDT, MINAUSDT, NMRUSDT, MOVEUSDT, and SAHARAUSDT.
United Nations Development Programme Establishes Blockchain Advisory Panel, Collaborating with Multiple Public Chain Foundations and Crypto Institutions
Odaily News The United Nations Development Programme (UNDP) has officially announced the establishment of a Blockchain Advisory Panel to promote the application of this technology in global development and public services. Panel members include the foundations of seven major public chains: Algorand, Arbitrum, Avalanche, Cardano, Ethereum, Stellar, and Sui, as well as industry institutions such as Kraken and Cointelegraph. This initiative signifies a deepening collaboration between the UN system and the blockchain industry, which will focus on directions such as financial inclusion, identity verification, supply chain traceability, and sustainable development to explore the practical value of digital technologies. (Cointelegraph)
Thomas Braziel Calls for Disclosure of the Whereabouts of 1,090 BTC Held by Cardano Foundation’s Predecessor
Well-known crypto bankruptcy claims investor Thomas Braziel (@Bkclaims) disclosed that original documents from the Isle of Man he obtained show that the earliest Cardano Foundation structure involved Charles Hoskinson, Jeremy Wood, Ken Kodama, and others. Subsequent documents indicate that Hoskinson served as the Foundation’s “Enforcer”—a key role responsible for ensuring the Foundation’s Board of Directors adhered to its charter. Notably, the Cardano ICO launched as early as September 2015, whereas the Swiss Cardano Foundation was not formally established until September 2016. During this interim period, the terms of service and risk disclosures consistently listed the “Foundation” as the issuer or supporting entity. Moreover, historical records from the Swiss Cardano Foundation also confirm the existence of a predecessor foundation based in the Isle of Man, which reportedly received approximately 1,090 BTC.