Cardano Foundation Cancels 2026 Summit as Treasury Allocation Proposal Fails to Pass

2026-06-01 by admin

Shenchao TechFlow news, May 31, according to The Block, the Cardano Foundation confirmed that the Cardano Summit 2026 will not be held this year because the on-chain treasury funding proposal failed to reach the 66.67% supermajority threshold required for approval. The revised proposal requested 7.8 million ADA, approximately $2 million, and ultimately received 65.21% support from DRep staking, failing to pass. The summit was originally scheduled to be held in Singapore on October 5-6. In a separate report, EMURGO’s individually submitted TOKEN2049 sponsorship proposal was approved.

Deep Wave TechFlow news, August 12, according to CoinDesk, Bitcoin has recently continued to fluctuate within a narrow range of 62,000 to 66,000 US dollars for several weeks. The stable inflow of spot ETF funds has been offset by over-the-counter selling by miners and institutional holders such as MicroStrategy, resulting in a lack of a clear breakout direction for the price.Current trading volume and implied volatility have fallen to three-year lows, market momentum is insufficient, and investor positions show hedging rather than betting on major fluctuations. Analysts point out that the US CPI inflation data on Wednesday and the regulatory progress of the Digital Asset Market Clarity Act may be key catalysts to break the deadlock, but historical data shows that Bitcoin has fallen by an average of about 4% in September, and seasonal weakness factors may constitute upward resistance.

DeepWave TechFlow news, August 11, according to CoinDesk, Trump Media & Technology Group (DJT) reduced its Bitcoin holdings from 9,542 coins to 9,477 coins in the second quarter, with a fair value of approximately $557 million as of June 30, a significant decline from $836 million at the end of 2025. Its Cronos (CRO) holdings amount to approximately 756.1 million coins, with fair value also decreasing from $68 million to $40.6 million. Total crypto losses for the first half of the year reached $360.6 million. Additionally, Trump Media has terminated the previously planned CRO reserve public listing company project together with Crypto.com and Yorkville Acquisition, with parties citing "changes in current market conditions and business priorities."