Cointime News on June 13th, Charles Hoskinson, founder of Cardano, has announced on Twitter that Lace Wallet, a Web3 wallet platform from Input Output Global (IOG), now supports Brave, a private web browser for PC, Mac and mobile. Users can easily install Brave as an extension and start exploring. Lace Wallet aims to simplify the Web3 experience for all users and the integration with Brave aligns with this focus. Lace Wallet is the first light wallet platform from IOG and has recently gone open source, making its source code and software development kit components accessible to anyone.

Cardano's ADA has seen a surge in volume, but it may have reached an overbought level. The price-Daily Active Addresses (DAA) divergence indicates that ADA could be approaching a short-term entry point, but it is currently risky to consider it a good entry point.

Cardano's (ADA) price hit a two-year low of $0.23 due to SEC court filings, but has since recovered by 20% to approach $0.28. On-chain data shows that ADA's price is flashing green signals for an imminent recovery, and whale investors are betting big on ADA again.

The cryptocurrency market is currently stagnant, with neither growth nor decline evident according to CoinMarketCap. Bitcoin has seen a slight increase of 0.25% in the last 24 hours, but remains under pressure from sellers. Ethereum has experienced a decline of 0.37% and may continue to drop to $1,600 in the coming days. Cardano is the biggest gainer, rising by 5.24%, but still needs more time to accumulate strength for a further move.

According to news released by LiveSquawk, the securities service company Robinhood’s net cumulative fund account reached 23.1 million US dollars in May, a year-on-year increase of 1.3%, but the number of active users fell by 27%. Previously, Robinhood will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) at 6:59 GMT on June 28.

Cardano's ADA has become the top altcoin based on social and market activity, moving up 116 places according to LunarCrush's Altrank algorithm. The increase in social engagement by 71.4% in the last 24 hours contributed to the rise in sentiment towards ADA, which saw bullish sentiments outpace the market's bearish perception.

The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. ADA has dropped below January lows and retested December lows, while Bitcoin has dropped to $25k again, exposing altcoins to more price dumps. ADA declined over 30% on the weekly front, but there was an attempt to reverse recent losses in the past 24 hours.

Several cryptocurrency organizations have responded to the SEC's claims that SOL, MATIC, and ADA are securities being traded on non-compliant crypto exchanges. The tokens have a combined market capitalization of over $21 billion but have fallen around 30% each over the past seven days.

Over the past 24 hours, major blockchain tokens have experienced a significant drop of over 20%, following allegations by the SEC that 13 tokens are securities. Solana and Cardano saw the most significant losses, dropping up to 25% in a short period. Speculation suggests a major crypto fund may have offloaded its holdings during these illiquid market conditions.

Amidst the SEC's crackdown on cryptocurrencies and the uncertain market, investors are showing interest in Cardano. Charles Hoskinson's recent efforts to reconcile with the XRP community are seen as important for maintaining unity within the cryptocurrency sector.

The crypto market experienced a devastating correction, with $350M worth of longs being liquidated. In just two-three days, the majority of altcoins plummeted by 30%, causing investors to suffer heavy losses. Short sellers were also caught off guard, with $50M in short positions being liquidated. Cardano (ADA) suffered the most with a 40% drop, followed by Binance Coin (BNB) at 23%.

Cardano (ADA) investors have experienced a sharp drop in profitability to just 5%, following a 40% decline in the value of the altcoin. This decline has left 93% of ADA holders in a state of loss, with only 2% breaking even.

Cardano founder Charles Hoskinson and the XRP community are reportedly making peace after a period of trolling and criticism.

The cryptocurrency market is facing uncertainty following the Securities and Exchange Commission's (SEC) recent action against assets that may be considered securities. This has resulted in a significant drop in the value of popular cryptocurrencies such as Cardano (ADA), Solana (SOL), and Polygon (MATIC), raising concerns about their long-term sustainability. In the past 24 hours, these three cryptocurrencies have seen an average decline of 23% in their value, with a collective capital outflow of $6.04 billion in just one day. The SEC's lawsuits against crypto exchanges Binance and Coinbase for listing unregistered securities have also contributed to the drop in asset prices.

Cardano has suffered a significant decline in value over the past few days, with a 23% drop in the last 24 hours. This has led to the liquidation of nearly $400 million worth of altcoins. The SEC's lawsuit against Coinbase, which includes allegations that some altcoins are securities, has caused concern among investors, with Cardano being one of the affected cryptocurrencies. Despite this, Cardano's Input Output Global has released a statement denying that ADA is a security.

Robinhood, the American trading platform, has announced that it will delist Cardano, Solana, and Polygon from its platform by June 27, 2023. However, Shiba Inu (SHIB), the popular canine-themed cryptocurrency, will remain unaffected by this decision. The burn rate of SHIB tokens has increased significantly, potentially contributing to increased scarcity and value. The delisting decision may have been influenced by recent lawsuits involving major exchanges like Binance and Coinbase initiated by the United States Securities and Exchange Commission (SEC).

Mark Cuban, a prominent billionaire and tech mogul, has criticized the SEC's approach to regulating the cryptocurrency industry, pointing out their alleged hypocrisy in treating traditional stock loans differently from cryptocurrency assets. He called for a similar approach to be taken with crypto and suggested a thorough evaluation to determine which aspects should be classified as securities and how to regulate the industry to protect investors.

Robinhood, a brokerage firm, has announced that it will delist Cardano, Polygon, and Solana after the US Securities and Exchange Commission (SEC) classified them as securities in its charges against two major crypto exchanges. The firm will end support for the three cryptocurrencies on June 27, but investors can still buy, sell, and hold ADA, MATIC, and SOL until the deadline.

IOG, the Cardano development company, has rejected claims from the US Securities and Exchange Commission (SEC) that ADA, the blockchain's native token, can be considered a security. IOG stated that SEC lawsuits filed earlier this week against crypto exchanges Binance and Coinbase, which included ADA in a list of crypto tokens that count as securities, contained "numerous factual inaccuracies."

Cardano's Alonzo Hard Fork has enabled the deployment of smart contracts on its mainnet, offering a secure and scalable alternative to Ethereum. The blockchain platform provides four programming languages for developing smart contracts, including Aiken, Marlowe, Opshin, and Plutus. Smart contracts can be used for various purposes, such as gaming, dApp development, and supply chain verification. Coindoo's guide article offers essential details for those interested in Cardano's self-executing contract platform.