ChainCatcher news, according to Cointrust, Ford Motor Company announced that it will serve as an advisor for Lagon, a decentralized cloud service based on the Cardano blockchain. This collaboration marks another move by the automotive giant into the blockchain space, as Ford will work with legal tech company CloudCourt to develop a proof of concept (PoC) project focused on the digitization and security of legal data. The initiative aims to address a long-standing issue faced by large enterprises: managing and protecting sensitive legal documents, such as court records, testimonies, and compliance reports. The project combines the Cardano blockchain with AI technology to provide immutable audit trails for legal documents under a zero-trust architecture.

ChainCatcher news, according to CryptoSlate, Solana co-founder Anatoly Yakovenko publicly opposed Cardano's proposal to sell $100 million worth of ADA to buy Bitcoin and stablecoins, calling the decision "very foolish."Yakovenko stated that the project team only needs to hold short-term government bonds for 18-36 months as emergency funds, questioning "why hold Bitcoin on behalf of users."The controversy stems from Cardano founder Charles Hoskinson's proposal on June 14, aimed at enhancing the liquidity of stablecoins in its DeFi ecosystem. The community is concerned that a large-scale sale of ADA will impact the coin's price, while Hoskinson argues that the market depth is sufficient to absorb the selling pressure and points out that the current stablecoin size on the Cardano chain is only $33 million, which threatens ecological development.

ChainCatcher news, according to CoinDesk, Cardano founder Charles Hoskinson proposed in a live broadcast to use 100 million ADA from the treasury to exchange for Bitcoin and stablecoins (USDM, USDA) to increase the proportion of on-chain stablecoins and enhance the DeFi ecosystem.Charles Hoskinson stated that this move would not impact the ADA market and refuted liquidity concerns. Currently, on-chain stablecoins on Cardano account for only about 10% of TVL, far lower than the stablecoin ecosystem scale of Solana. This proposal diverges from the viewpoint previously emphasized by Cardano Foundation CEO Frederik Gregaard that "TVL is not a key metric."

ChainCatcher news, according to official sources, the Cardano Foundation has officially launched the open-source traceability infrastructure Originate, aimed at verifying product authenticity and supporting industry certification. This solution will reshape product processes and enhance consumer trust.It is reported that Originate is suitable for multiple industries and application scenarios, with advantages such as scalability, low cost, and high customizability, providing a solid foundation for authenticity verification, trust building, and market expansion.

ChainCatcher news, according to Cryptotimes, Cardano founder Charles Hoskinson has launched the first Bitcoin DeFi protocol Cardinal on Cardano. The protocol enables non-custodial cross-chain transactions through MuSig2 multi-signature technology, allowing users to directly use Bitcoin UTXO to participate in lending and staking operations on the Cardano blockchain, while also being compatible with Ordinals inscriptions as collateral. The technical solution includes the BitVMX off-chain verification system and supports interaction with public chains such as Ethereum and Solana.Cardano's Chief Technology Officer Romain Pellerin stated that the protocol will later integrate zero-knowledge proof technology to enhance liquidity. This is the first solution that allows Bitcoin to access the Cardano ecosystem without custody, enabling users to trade Bitcoin assets through decentralized exchanges like Minswap.

ChainCatcher news, according to Cointelegraph, Cardano founder Charles Hoskinson has denied allegations of misappropriating $600 million worth of ADA tokens.Hoskinson stated that he feels "deeply hurt" by these accusations and promised that Cardano will release an audit report to address community concerns.

ChainCatcher news, according to CoinDesk, at the Consensus 2025 conference held in Toronto, Cardano founder Charles Hoskinson announced the details of the Glacier Drop airdrop plan for the privacy sidechain Midnight.The project will airdrop NIGHT governance tokens and DUST privacy transaction tokens to approximately 37 million users across 8 major blockchains, exclusively targeting retail users, with no allocations reserved for venture capital firms. The project is currently in the testnet phase and is expected to launch the mainnet by the end of 2025.

ChainCatcher news, Helius Labs CEO Mert responded to Cardano founder Charles Hoskinson's statement that "Ethereum won't survive 10 years."Mert stated, "While I don't like certain aspects of ETH (not all), it is still not an absolute fog (just a concept without substance)," and suggested that Hoskinson "should criticize ETH only after competing with it on a single metric for 10%."

ChainCatcher news, according to CryptoPotato, Cardano founder Charles Hoskinson stated during a Q&A session at an event on Wednesday that Ethereum may struggle to survive in the next 10-15 years.Hoskinson pointed out three structural flaws in Ethereum: the flawed account model, the virtual machine, and the consensus model. He specifically criticized the "parasitic" nature of layer two network solutions, arguing that these networks do not address Ethereum's scalability issues and instead extract value from the main chain.He compared Ethereum's situation to early innovators like Myspace and Blackberry, predicting that users will gradually migrate to other platforms, particularly Bitcoin's decentralized financial ecosystem.

ChainCatcher news, according to DL News, Cardano founder Charles Hoskinson responded to not being invited to the White House Crypto Roundtable in an exclusive interview, stating "there's no need to make a deal with Trump," and emphasized that the current U.S. push for crypto policy reform should focus on a "sustainable, long-term framework," rather than being reliant on short-term political figures.Previously, Trump met with crypto executives including Coinbase CEO Brian Armstrong, MicroStrategy Executive Chairman Michael Saylor, and Ripple CEO Brad Garlinghouse at the White House to discuss digital asset regulation, while Hoskinson, seen as a representative of the sovereign blockchain camp, was not invited, despite the White House recently considering including ADA in the national crypto reserve.Hoskinson stated that he is lobbying globally to promote blockchain policy, closely engaging with U.S. Senate Banking Committee Chairman Tim Scott to support his proposed stablecoin legislation, the Genius Act; meeting with former Digital Transformation Minister Takaya Hirai in Japan; and communicating with President Milei's team in Argentina. He stressed that even if Trump issues a crypto executive order, establishes a Bitcoin strategic reserve, and appoints crypto-friendly individuals to lead the SEC, the real importance lies in the regulatory stability brought about by legislation.

ChainCatcher news, Cardano founder Charles Hoskinson stated in an interview with CNBC that with tech giants like Microsoft and Apple entering the cryptocurrency space, Bitcoin could reach $250,000 as early as this year.Charles Hoskinson said: "The tariffs may ultimately be more noise than substance, and people will realize that most countries are willing to negotiate. The market will stabilize a bit and gradually adapt to the new normal, then the Federal Reserve will lower interest rates, at which point a large amount of capital will flow in, and this capital will eventually pour into the crypto market. I believe Bitcoin will reach $250,000 by the end of this year or next year."

ChainCatcher news, according to Cointelegraph, Cardano founder Charles Hoskinson stated that the next generation of cryptocurrency projects needs to adopt a more collaborative strategy to counter the large centralized tech companies that are entering the Web3 space.He pointed out that the cryptocurrency and DeFi sectors are often limited by a "circular economy," where the rise of one cryptocurrency often comes at the expense of capital flowing out of another token, hindering the growth of the entire industry. To effectively respond to the competition from centralized tech giants in the Web3 space, cryptocurrency projects need to build more collaborative token economics and market structures.Hoskinson mentioned that the current token economics and market structures in the cryptocurrency field are at odds with each other, and there needs to be a shift towards cooperative balance. Existing projects often sacrifice others for their own development, which is detrimental to industry progress and makes it difficult to fend off future entries from giants like Apple and Google. He anticipates that the U.S. market structure bill may pass before September, at which point the giants will flood in, and the cryptocurrency sector must build infrastructure to respond. To this end, Cardano is developing a multi-resource consensus protocol called Minotaur to unify payment block rewards.

ChainCatcher news, according to The Block, the Cardano Foundation has launched a digital identity platform called Veridian, which uses open-source tools to verify identities and authenticate online communications.Alongside this new product, the Veridian Wallet has also been launched, allowing users to manage their credentials, private keys, and identifiers.

According to ChainCatcher, USDM by Moneta Digital reports that Hoskinson Family Office, Inc. (HFO) has announced an investment of $1.5 million in W3i Software, Inc. to support the development of USDM, Cardano's first MiCA-compliant, fiat-backed stablecoin, promoting the integration of DeFi and traditional financial systems. USDM is issued by Moneta Digital and meets the stringent standards of the EU's Markets in Crypto-Assets Regulation (MiCA), providing compliant on-chain financial solutions for institutions, banks, and governments.

ChainCatcher News: The U.S. Securities and Exchange Commission (SEC) has delayed several cryptocurrency spot ETF applications this morning, including Grayscale's Cardano (ADA) and DOGE spot ETFs, Canary's XRP, Solana, Litecoin spot ETFs, and VanEck's Solana spot ETF.

ChainCatcher News: The U.S. Securities and Exchange Commission (SEC) has delayed the approval of Grayscale's spot Cardano (ADA) ETF.

ChainCatcher message indicates that, influenced by factors such as Trump's executive order to establish a Bitcoin strategic reserve falling short of expectations, the cryptocurrency market sector has once again turned bearish. Bitcoin (BTC) has dropped 4.21% in the last 24 hours, briefly falling below the $85,000 mark, while Ethereum (ETH) has decreased by 4.72%, dropping below $2,200. Additionally, the ETF Candidates sector fell by 4.07%, with Cardano (ADA) down 11.77%.In other sectors, the CeFi sector has decreased by 1.35% in the last 24 hours, with Bitget token (BGB) relatively resilient, rising by 1.20%; the PayFi sector fell by 2.11%, and the Layer2 sector dropped by 3.10%, although Movement (MOVE) rose against the trend by 6.62%; the Meme sector declined by 3.97%, and the Layer1 sector fell by 4.01%, with Sui (SUI) rising by 3.11% against the trend; the DeFi sector decreased by 5.42%, while Ethena (ENA) rose by 6.92% against the trend.Furthermore, the cryptocurrency sector indices reflecting historical market performance show that the ssiRWA, ssiDeFi, and ssiMAG7 indices fell by 6.21%, 5.47%, and 3.79% respectively in the last 24 hours. It is worth mentioning that the weekly return rates for the ssiMAG7 and ssiPayFi indices reached 6.20% and 14.17%, respectively.