Cardano Founder Slams ‘Clickbait’ Reports He Blamed ADA Users

The Ether.fi community has made a significant move by approving a $50 million buyback proposal for its ETHFI token. This decision is expected to enhance confidence in the token and strengthen its position within the decentralized finance ecosystem.

Berachain Foundation has successfully recovered $12.8 million that was lost during the Balancer V2 exploit on November 3. This remarkable recovery is one of the few instances of full restitution following a significant decentralized finance hack in 2025.

Cardano is in the spotlight again as its price has dropped below $0.57, raising concerns about network activity and investor confidence. Co-founder Charles Hoskinson was reported to have blamed the community for the decline in DeFi activity, but he has since clarified that those claims misrepresent his views.

OKX has announced a partnership with Chainlink to enhance its X Layer by integrating Chainlink's cross-chain services. This collaboration aims to bridge the gap between traditional finance and decentralized finance (DeFi), making financial services more accessible and efficient. This is significant as it represents a step forward in merging conventional financial systems with innovative blockchain technology, potentially transforming how users interact with their finances.

Singapore Gulf Bank is making strides in the evolving financial landscape by partnering with Fireblocks to connect traditional finance with decentralized finance. This collaboration highlights the growing trend of banks embracing crypto services, which is crucial as the lines between conventional banking and digital currencies continue to blur. Such initiatives not only enhance the bank's offerings but also signify a broader acceptance of cryptocurrency in mainstream finance.

Apex Fusion has successfully integrated Stargate, enhancing USDC liquidity on the Cardano blockchain. This development is significant as it not only boosts the usability of USDC within the Cardano ecosystem but also strengthens the overall liquidity and trading capabilities for users. By facilitating easier access to USDC, Apex Fusion is paving the way for more robust financial transactions and innovations on Cardano, which could attract more users and developers to the platform.

David Sacks has declared cryptocurrency as 'the industry of the future,' highlighting the importance of the US reclaiming its digital leadership. Despite recent market corrections, indicators show that the sector is poised for long-term growth. Notably, the Best Wallet Token ($BEST) is making waves by promoting self-custody through its mobile-first DeFi super app, with its presale currently live at an attractive price. This development is significant as it reflects the ongoing evolution and resilience of the crypto market.

Stream Finance, a decentralized finance protocol, has suspended all deposits and withdrawals after incurring a staggering $93 million loss. This significant financial setback has raised alarms within the DeFi community, leading to a formal investigation. The halt in operations not only affects users' access to their funds but also raises questions about the platform's security and management practices, highlighting the risks associated with decentralized finance.

Charles Hoskinson, the founder of Cardano, recently addressed misleading headlines suggesting he blamed ADA users for the network's decentralized finance issues. In a video released on November 3, he clarified that his comments were misinterpreted, emphasizing a structural mismatch in participation within the ecosystem.

Bitcoin is at a crucial point as China has decided to suspend a 24% tariff on U.S. goods. This move could potentially boost the cryptocurrency market, providing a favorable environment for Bitcoin to thrive.

Solana's price has dropped significantly, falling below the $165 mark and now trading around $150. The bearish trend suggests further declines could occur unless bulls step in to defend these critical support levels.

Microsoft has shared insights on the challenges facing AI development, particularly focusing on the availability of power in data centers. As AI technology continues to advance, ensuring sufficient energy supply becomes crucial for sustaining operations and innovation.

Ethereum's price has been struggling recently, falling below $4,000 due to bearish trends influenced by Bitcoin's decline. Analysts are predicting a potential breakdown, with some suggesting a recovery followed by a crash. The outlook remains grim as the second-largest cryptocurrency faces increasing pressure.

The recent NYC election has seen significant financial losses for those betting against candidate Mamdani, with Polymarket contracts dropping nearly $1 million. This downturn highlights the unpredictable nature of political betting and the risks involved.