The launch of Cardano's Mithril protocol is approaching as final testing stages are underway, according to a recent update from Richard McCracken during a Stake Pool Operator call. McCracken advised SPOs to upgrade to node version 8.0.0 on the mainnet, with a single relay in P2P and another in manual or topology updater mode. However, he recommended using version 8.1.1 only on the preview testnet for now.

Charles Hoskinson, the creator of Cardano (ADA), believes that the recent legal action taken by the U.S. Securities and Exchange Commission (SEC) against Binance is part of a larger effort to suppress the digital assets industry.

Project Catalyst, the decentralized innovation fund of Cardano, has announced Fund 10 with a massive allocation of 50 million ADA, worth over $16.35 million. The submission window for proposals will open on June 22 and close on July 13, with the voting process running from August 31 to September 14.

Input Output Global (IOG), the company responsible for developing the Cardano blockchain, has responded to the U.S. Securities and Exchange Commission's (SEC) recent claim that Cardano's native token, ADA, is a security. IOG has denied the SEC's allegations and stated that ADA is not a security under U.S. securities laws.

The Cardano Foundation has denied claims by the U.S. Securities and Exchange Commission (SEC) that Cardano (ADA) is among the securities hosted on the Binance platform. In response to the SEC's recent lawsuit against Binance, the foundation expressed disagreement with the classification of ADA as a security under U.S. law but expressed openness to dialogue with policymakers in seeking legal clarity.

Jim Cramer, the host of CNBC's show 'Mad Money', mispronounced the names of Cardano (ADA) and Solana (SOL) while discussing the recent lawsuit filed by the SEC against Coinbase. This earned him ridicule from the founder of Cardano and his followers, who have taken to the new catchphrase "#Cardanzo" on Twitter.

Cardano's DeFi landscape is expanding as VyFinance DEX protocol integrates with MuesliSwap DEX Aggregator, offering limitless trading potential on the Cardano network. This move is part of Cardano's ongoing efforts to increase its presence in the DeFi sector. Additionally, Cardano has surpassed Bitcoin in total value locked (TVL), with a TVL of $183.19 million, reflecting a significant increase in active users and protocols on the network. These developments highlight the growing interest and trust in Cardano's DeFi ecosystem.

Cardano is exploring a new upgrade called CIP-1694, which aims to bring on-chain governance to the ecosystem and give power back to ADA holders. The proposal includes the formation of governing bodies, voting policies, and other governance details related to on-chain governance. The goal is to transition Cardano into a fully decentralized autonomous organization (DAO) and give every ADA holder a say in the future direction of the project. This marks a significant milestone for Cardano, which has been at the forefront of cutting-edge technology, but its native token ADA continues to struggle in the market.

Charles Hoskinson, the founder of Cardano, responded to critics who claim that the blockchain does not have a working product. One Twitter user accused Hoskinson and the Cardano team of not delivering any functional product. Hoskinson expressed curiosity about what the critics meant by "anything to show for." Despite the criticisms, Cardano has continued to make significant progress and ADA is the second-largest crypto asset by staking market cap. Additionally, Marlowe was audited and deployed on the mainnet, and Cardano's recent development report showed comprehensive work being done behind the scenes.

The cryptocurrency market has experienced a net inflow of $12.5 billion in the past 24 hours, bringing the total market value to $1.14 trillion, a 1.1% increase from $1.13 trillion. Bitcoin and Ethereum's market caps grew by 0.8% and 1.8%, respectively, during this period. The top 10 cryptocurrencies all saw gains, with Cardano leading the way at 3.2% and Dogecoin at 0.6%. The market caps of Tether and USD Coin increased to $83.27 billion and $28.96 billion, respectively, while Binance USD fell to $5.17 billion.

According to data from IntoTheBlock, Cardano (ADA) investors are facing losses as over 6.5 billion ADAs purchased at prices between $0.373 and $0.385 have turned red since Monday. The price of ADA has dipped below the lower end of this range. The surge in buying over the weekend, with more than 160,000 addresses adding Cardano tokens to their portfolios, has left investors trapped in losses with billions of ADA coins in their wallets. It remains to be seen whether ADA's price can recover or if further downward pressure will persist. Investors will need to reassess their investment strategies and evaluate their risk appetite in light of these recent developments.

The price of Cardano has decreased by 2.5% in the past 24 hours, reaching $0.364249 as the market falls by 0.5%. However, the altcoin has appreciated by 47% since the beginning of the year and its total value locked in has reached $170 million, a nearly 300% gain since January 1. Cardano's technical positioning and steady growth in total value locked in suggest that it has the perfect conditions for future gains. The recent rollout of its Hydra update and upcoming improvements such as the Mithril upgrade and pooled lending could help transform Cardano into a real rival of bigger layer-one platforms.

Snek, a recently launched meme coin based on Cardano, has become the second-largest asset in the Cardano ecosystem after its listing on CoinEx and a 22% surge.

IOHK, the blockchain startup behind Cardano, has announced that its Marlowe protocol has passed a comprehensive audit and is now available on the Cardano mainnet. The audit was conducted by Tweag, both internally and externally, to ensure that security is not compromised in the pursuit of innovation. Marlowe is a user-friendly set of tools that enables the creation, integration, and deployment of smart contracts on Cardano, and is compatible with both Haskell and JavaScript. This development marks a significant step forward for Cardano's smart contract capabilities.

Binance, the biggest cryptocurrency exchange globally, has included trading pairs for Cardano (ADA) and Litecoin (LTC) against TUSD stablecoin. The exchange will offer zero maker fees for the ADA/TUSD and LTC/TUSD spot and margin trading pairs to attract traders and increase liquidity. Positive developments such as whale accumulation and advancements in core developments, wallets, and ledger for Cardano, and the upcoming halving event for Litecoin are expected to boost ADA and LTC prices. Binance has also added support for Cardano and Litecoin on its debit card, allowing users to spend their ADA and LTC at over 60 million merchants worldwide.

Trading activity on Minswap, a decentralized exchange built on the Cardano blockchain, has seen a significant increase in transaction volumes over the past few days. This surge in volume is likely due to traders seeking profit opportunities on meme coins.

The volume on Cardano's Decentralized Exchange (DEX) increased by 60.6% in the last seven days, reaching $66.88 million, with over $7.94 million coming in the last 24 hours alone. This surge in activity indicates growing liquidity and trading activity within the Proof-of-Stake (PoS) ecosystem. While Cardano DEXes primarily facilitate the trading of tokens built under the blockchain, lending protocols under the chain could also contribute to its Total Value Locked (TVL), which rose by 15.30% over the last week. Charles Hoskinson, Cardano's founder, suggested that the network could host Bitcoin Ordinals better, potentially expanding the range of assets that can be traded on its DEXs, but any integration of Bitcoin-related functionality on Cardano would require significant technical development and community consensus.

Blockchain technology and cryptocurrencies have become ubiquitous in the financial world, with Cardano and Tradecurve offering unique narratives. Cardano (ADA) has achieved a significant milestone by surpassing 500 million ADA in Total Value Locked (TVL), indicating its growing adoption and influence in the crypto world. Additionally, the price of $SNEK, a memecoin rooted in the Cardano ecosystem, has surged by over 200% in the past week, largely attributed to rising transaction volume on Cardano. 

Atrium protocol is set to launch multi-pool staking with rebalancing on Cardano, allowing users to lock ADA using smart contracts and rebalance between successful staking pools. The Staking Baskets, approved by MLabs, will enable Cardano users to delegate ADA to multiple staking pools seamlessly, promoting decentralization and portfolio diversification. Atrium protocol aims to simplify the onboarding of newcomers to the complex landscape of decentralized applications (dApps), wallets, etc., and reduce the barrier to entry for less tech-savvy users. Staking Baskets will offer smaller pools the necessary support required in launching their own combination of ADA staking pools for better rebalancing, promoting decentralization and portfolio diversification. Atrium introduces rebalancing infrastructure, LP, and DEX for seamless ADA and ATRIUM swaps.

Cardano's ADA price is currently attempting to recover and gain bullish momentum by settling above the $0.3850 resistance zone. The price has slowly been moving higher from the $0.360 zone against the US dollar and is trading above $0.370 and the 100 simple moving average (4 hours).