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Crypto

Cardano faces downward pressure after U.S. inflation shock; long liquidation imbalance hits 5,747 percent

Cardano (ADA) extended losses as long-position liquidations far outpaced shorts. Total liquidations reached $4.27 million, including $4.2 million in longs versus $73,080 in shorts, widening the imbalance to 5,747 percent. ADA fell 1.33 percent over 24 hours to $0.224 and briefly touched $0.216. Markets were shaken by U.S. CPI data, fuelling rate-hike concerns and wider crypto futures liquidations.

Crypto

Cardano jumps as bitcoin trades sideways, hits five-month high

Cardano\'s ADA token rose as much as 12 percent to $0.27, its highest level in five months, as bitcoin and ether showed little movement. The jump coincided with expectations for network expansion and new service launches, including the RealFi RWA tokenisation platform and USDr stablecoin integrations. Founder Charles Hoskinson posted a chart and the hashtag #LeiosIsComing, boosting expectations for the Linear Leios upgrade. Data suggested throughput gains in tests, but short-covering and limited inflows were also cited.

AI & Enterprise

Tesla AI chip executive leaves to join former Dojo team startup DencityAI

A key executive who led Tesla\'s AI hardware design has moved to DencityAI, a startup founded by the former Dojo team. The executive, Sishuai Sun, has worked at DencityAI since July on packaging and system hardware. He previously spent more than five years at Tesla on Dojo and Autopilot computers and most recently served as senior director of AI hardware design. The move comes as Tesla advances AI5 and AI6 chip plans and builds manufacturing infrastructure.