Cardano (ADA), the DeFi asset, is heading into the Christmas season and still listed among the top ten largest cryptocurrencies by market capitalization. This is the case despite recent price fluctuations. Cardano’s network is still expanding strongly even though it has been hit hard by the consequences of the FTX catastrophe.

During a recent podcast appearance, Shahaf Bar-Geffen, chief technology officer at blockchain-based COTI Network, said that Djed, a Cardano-based algorithmic stablecoin, would be launched soon.

The team behind Binance’s official non-custodial cryptocurrency wallet app, Trust Wallet, has recently announced support for staking Cardano ($ADA) on the network, allowing users to earn with their holdings while helping secure the network.

Cardano (ADA) is trading at $0.3122, representing a change of -0.47% in the past day and -0.57% in the past week, per the latest data from CoinMarketCap. The smart contract token has oscillated between $0.30 and $0.32 since November 20.

Charles Hoskinson, the founder of Cardano (ADA) remarked that If ADA were to be considered a security by the SEC, then the same could be said of other top cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC). Going further, he noted that the United States regulatory agency does not “get to say that Cardano lives or dies,” citing that only the ADA community has such power. 

Charles Hoskinson, the founder of Cardano, has recently stated that a settlement in the ongoing lawsuit between Ripple Labs and the United States Security and Exchange Commission (SEC) would have a catastrophic implication on the crypto industry.

In a casual conversation between Cardano community members and Solana community members, it appears that both parties are eyeing the possibility of Solana becoming a Cardano sidechain.

Charles Hoskinson isn’t interested in Cardano pushing into the Indian market until the south Asian country drops its <a href="https://zycrypto.com/tax-rates-to-cap-at-28-as-india-calls-for-crypto-transaction-tax-meeting/">anti-crypto policies</a> for progressive regulations.

A tweet on 8 December revealed that&nbsp;<a href="https://ambcrypto.com/polkadots-dot-weekly-roundup-has-these-interesting-insights-for-its-traders/">Polkadot</a> out-competed other networks in terms of ecosystem expansion and development activity. This growth, however, did not translate to the social front as engagements and sentiment for <a href="https://ambcrypto.com/will-dot-continue-walking-on-thin-ice-disregarding-polkadots-milestone/">Polkadot</a> declined.

Cardano’s (ADA) ecosystem continues to expand despite the uncertainty in the cryptocurrency market, which has been heavily impacted this year by the implosion of the Terraform Labs ecosystem and now by the crypto exchange collapse involving FTX.

Binance.US, an American subsidiary of the Binance exchange, now allows its users to trade Cardano (ADA) against USD Coin (USDC), according to a recent announcement. In addition, Cardano rival Solana (SOL) can also be traded against the second-biggest stablecoin. Binance.US has noted that the two cryptocurrencies aim to achieve "scalability, interoperability, and sustainability."

Cardano is a joke. That’s it. That’s the number one rule for getting into crypto.

The <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency market</a> may be swimming in a sea of red, but the work at Cardano (<a href="https://finbold.com/cryptocurrency/cardano/">ADA</a>) doesn’t seem to be slowing down, including on its new privacy-focused <a href="https://finbold.com/topic/blockchain/">blockchain</a>, <a href="https://midnight.iohk.io/" target="_blank">Midnight</a>, as the platform’s founder Charles Hoskinson recently detailed.

Despite the recent setbacks, the <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency sector</a> continues to expand, led by the developments and innovations of major ecosystems such as the Cardano (<a href="https://finbold.com/cryptocurrency/cardano">ADA</a>) network, which has recently renewed its <a href="https://finbold.com/guide/stablecoins/">stablecoin</a> tests.

GimbaLabs recently unveiled a new kind of decentralized app (dApp) launched on the Cardano blockchain. The dApp dubbed <i>The Gimbal Project Treasury + Escrow (GPTE),</i> is aimed at supporting the development of projects on the Cardano network, as it assists builders looking to coordinate workflow.

In a tweet yesterday, Cardano’s Djed stablecoin issuer COTI disclosed that it had reactivated the stablecoin on the testnet with Vasil compatibility and new user capabilities. Per the accompanying Medium blog post, testnet version 1.1.1, besides being Vasil compatible, has added new features as part of its Nami wallet integration. For example, users can now view the display logos of Shen and Djed and the name of both tokens, COTI revealed. In addition, the wallet now supports divisible units for Shen and Djed. (thecryptobasic)

In a news related to <a href="https://coingape.com/glossary/cardano/">Cardano (ADA)</a>, its founding member EMURGO has recently announced the launch of a new social media network called the Cardano Spot with a goal to connect Cardano enthusiasts, fans and token holders all around the globe. Cardano Spot is an interactive platform that is user-generated and is specifically designed to facilitate the investment in, distribution of, consumption of, and monetization of Cardano content.

Cardano (ADA) has become one of the most bought assets by the top 2,000 whales on Binance Smart Chain in the past 24 hours, according to WhaleStats, a portal that tracks the activities of major crypto investors across various networks.

Cardano has emerged as the blockchain network with the most robust development activity in the last 30 days, according to data from Santiment.

Cardano’s native tokens have been growing at an unprecedented rate.