Crypto

Charles Hoskinson says he will solve crypto industry challenges, teases new Midnight plan

Cardano founder Charles Hoskinson said he is developing a new plan through Midnight to address several unresolved problems in the cryptocurrency industry. A blockchain media outlet reported he has nearly completed the concept design and expects it to become his signature work, though he did not disclose details or a release date. Discussion also touched on Cardano development goals, the Leios scalability upgrade, and Midnight’s AI trading and identity projects.

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.