A third-party forensic investigation conducted by law firm McDermott Will & Schulte and audit firm BDO has concluded that all allegations against Input Output Global regarding Cardano’s voucher redemption program are without merit. The review examined tens of thousands of documents, conducted forensic on-chain analysis, and interviewed 18 individuals, finding no evidence supporting claims that insiders stole ADA, used improper sales tactics, or deliberately made redemption difficult. The audit revealed that 99.7% of all ADA sold through the voucher program has been redeemed, with substantial efforts made to facilitate redemptions. The report specifically refuted allegations that private keys were deleted or that staking rewards from unredeemed ADA were misappropriated.
about Cardano Voucher Audit Clears IOG of All AllegationsIOG
0 in Finance and 0 in Crypto last weekCardano’s ADA Surges 30%: Can It Break $1 Next?
Cardano’s ADA token has experienced a significant 30% weekly surge, reaching a two-and-a-half-month high of nearly $0.78. Analysts suggest that breaking the key resistance level at $0.74 could pave the way for a rally to $0.90–$1.20. The surge comes amid debate over a treasury proposal to trade $100 million worth of ADA for BTC and stablecoins, which some feared would trigger a sell-off. Charles Hoskinson, Cardano’s founder, mocked critics as ADA’s price defied expectations. ADA is currently the top performer among the top 12 cryptocurrencies by market cap, outpacing XRP and HYPE.
about Cardano's ADA Surges 30%: Can It Break $1 Next?Cardano Advances Layer-2 Scaling with Hydra & Beyond
Cardano is advancing its Layer-2 (L2) scaling strategy with new solutions beyond Hydra, including Midgard (an optimistic rollup), zkFold (a ZK-based transaction compressor), and Eryx (a ZK bridge for cross-chain communication). These innovations, introduced at an IOG-led research session, aim to improve scalability, privacy, and DeFi flexibility. Developers emphasized a multi-L2 approach to avoid fragmentation, ensuring interoperability through shared standards. Challenges like liquidity fragmentation remain, but solutions such as liquidity bonding and cross-protocol incentives are being explored. The goal is a diverse L2 portfolio optimized for different use cases while maintaining seamless interaction.
about Cardano Advances Layer-2 Scaling with Hydra & BeyondCardano Whales Accumulate 180M ADA Amid Bitcoin Ordinals Integration
Cardano whales have significantly increased their holdings, accumulating over 180 million ADA (worth $135 million) in just one week, signaling bullish sentiment. This follows a period of selling in late February that caused ADA’s price to drop. Additionally, Cardano’s integration of Bitcoin Ordinals via Fairgate’s BitVMX framework marks a major DeFi advancement, enabling cross-chain interoperability between Bitcoin and Cardano. Analysts, including Charles Hoskinson and Dan Gambardello, suggest these developments could drive ADA toward a $10 price target.
about Cardano Whales Accumulate 180M ADA Amid Bitcoin Ordinals IntegrationCardano Founder Denies ADA Misappropriation Allegations
Charles Hoskinson, founder of Cardano, has responded to allegations that Input Output Global (IOG) misappropriated over 318 million ADA from unredeemed pre-sale wallets, calling the situation deeply personal and damaging. Hoskinson refuted the claims, stating that 99.8% of ADA vouchers were redeemed, with the remaining 0.2% donated to Intersect under protocol rules. He announced plans for an external audit to document the redemption history and may pursue legal action against accusers. The Cardano Foundation and Emurgo defended IOG’s transparency efforts, emphasizing the complexity of the redemption process and urging patience pending the audit. The allegations, centered on a 2020 protocol update, have sparked controversy, with critics questioning the lack of detailed public audits.
about Cardano Founder Denies ADA Misappropriation AllegationsCardano’s Lace Wallet to Support XRP, Midnight Airdrop
Cardano’s non-custodial wallet, Lace, is set to support XRP tokens, allowing users to hold, send, and receive XRP seamlessly. This development follows discussions between Cardano’s Charles Hoskinson and Ripple executives, including Brad Garlinghouse and David Schwartz. The partnership also includes XRP users’ eligibility for the Midnight airdrop, distributing NIGHT tokens to 37 million users across multiple blockchains. Lace, initially an ADA-only wallet, has evolved into a multi-chain platform, now supporting Bitcoin, with XRP as the next logical addition. The collaboration hints at broader integration, including Ripple’s stablecoin RLUSD into Cardano’s privacy-focused Midnight layer. Meanwhile, XRP and ADA prices have seen notable gains, with XRP trading at $2.1 and ADA at $0.71, reflecting market optimism around these developments.
about Cardano's Lace Wallet to Support XRP, Midnight AirdropCardano Founder Works Unpaid Amid Scaling Debate
Cardano founder Charles Hoskinson has ignited controversy by stating he has worked without compensation since 2020, claiming the original IOG contract was fulfilled. Critics argue that scaling solutions like Hydra, Basho, and Leios remain incomplete, contradicting Hoskinson’s assertion that the initial roadmap was achieved. Hoskinson defended his position, explaining that current scaling efforts are unfunded and that IOG cannot operate at a loss. Meanwhile, Cardano’s Basho phase has introduced sidechains like Midnight and Milkomeda, while Hydra and Leios aim to enhance scalability. ADA’s price has dipped 1.82% to $0.6891, with trading volume down 20.87%, signaling reduced market activity.
about Cardano Founder Works Unpaid Amid Scaling DebateHoskinson: Trump’s Trade War Highlights Blockchain’s Need
During his keynote at Paris Blockchain Week, Charles Hoskinson, founder of IOG and Cardano, emphasized how Trump’s renewed trade war demonstrates the necessity of blockchain and decentralization. He cautioned against the dangers of excessive centralization, pointing to global economic tensions. Hoskinson also discussed upcoming U.S. crypto legislation, predicting tech giants like Amazon and Google will soon dominate the industry—potentially undermining decentralization. He called for stronger collaboration among decentralized projects and revealed plans for a fourth-generation blockchain merging TradFi and DeFi. Additionally, Hoskinson teased an upcoming airdrop for BTC, ETH, and ADA holders.
about Hoskinson: Trump's Trade War Highlights Blockchain's NeedCardano’s Leios Upgrade Promises High Speed and Decentralization
Cardano’s upcoming Ouroboros Leios upgrade aims to achieve millions of transactions per second (TPS) by enabling parallel transaction execution while maintaining decentralization. Charles Hoskinson asserts that this innovation will position Cardano alongside high-throughput blockchains like Solana and Sui, enhancing its capabilities for decentralized applications. The roadmap also includes plans to connect with major cryptocurrencies like XRP and Bitcoin, establishing Cardano as a DeFi layer for these assets.
about Cardano's Leios Upgrade Promises High Speed and DecentralizationCardano Founder Charles Hoskinson Burns 900 Billion CHARLES Memecoins
Charles Hoskinson, founder of Cardano, burned approximately 900 billion CHARLES memecoins, valued at up to $80 million, after they unexpectedly appeared in his wallet during a demonstration of the Lace wallet. He executed the burn using a script to send the tokens to a “black hole” address, emphasizing his disinterest in profiting from the tokens. Hoskinson urged the community to avoid similar situations in the future, despite the spectacle being entertaining.
about Cardano Founder Charles Hoskinson Burns 900 Billion CHARLES MemecoinsRipple CEO Applauds New US Congress as Most Pro Crypto in History
Ripple’s CEO has expressed optimism about the newly sworn-in 119th US Congress, calling it the most pro-crypto in history, following a Republican majority. He highlighted the benefits for US-based cryptocurrency projects stemming from Trump’s victory and anticipates a favorable resolution to Ripple’s ongoing legal battle with the SEC, especially with leadership changes on the horizon.
about Ripple CEO Applauds New US Congress as Most Pro Crypto in HistoryPlutoChain and Cardano’s Ambitious Plans for the Future of Cryptocurrency
PlutoChain is emerging as a potential solution to Bitcoin’s speed issues with its Layer-2 technology, aiming to reduce transaction times from 10 minutes to just 2 seconds while maintaining security. Meanwhile, Cardano’s founder, Charles Hoskinson, is advocating for full decentralization and a “Bill of Rights” for crypto users, with predictions suggesting ADA could reach $5 by 2025. Both projects are positioning themselves to address key challenges in the crypto market.
about PlutoChain and Cardano's Ambitious Plans for the Future of Cryptocurrency