Giorgio Zinetti, chief technology officer of the Cardano Foundation, will step down at the end of August and leave on Aug. 31, he said. Zinetti announced his resignation on X after about 2.5 years in the role, saying he would take a short break and start a new journey in September. The foundation said it will keep its roadmap and has not named a successor.

Cardano founder Charles Hoskinson said Cardano\'s technology has improved significantly since 2024, but its market assessment and industry standing have not kept pace. He pointed to the Ouroboros Leios upgrade as evidence of technical progress, while acknowledging weak market performance. ADA has fallen to around $0.18 from a peak of $1.31 after the 2024 U.S. election. Hoskinson also floated creating a political party to form DReps for on-chain governance participation.