We're excited to announce Wave 2 of our liquidity protection program is now live 🛥️
We are now covering 100% of potential losses in the Strike Liquidity Vault up to $2 million for an entire year.
Full details below.
Link 🕹 https://t.co/TQ9Hx8G5cY
@therealoaktrees@phil_uplc Phil’s always cooking.. he’s the chef Ramsey of Cardano. Absolute legend and I hope more people start delegating to him as their drep.
$BTC
We're now approaching some pretty crucial mid-cycle levels.
If BTC can break this long-standing trendline while reclaiming the $62.5K horizontal resistance, I think we'd be looking at a meaningful structural shift.
For the last four weeks, the pattern has been simple.
Step 1: Flush.
Step 2: Relief rally into trendline and horizontal resistance.
Step 3: Reject.
Step 4: Slow grind into marginally lower lows.
Every rally has failed at the trendline, and every flush has extended just 1-2% below the previous low before finding buyers.
A compound breakout (trendline + horizontal) here would be the first real break of that sequence.
As I've mentioned before, June and early July have historically been the period to watch for the final flush.
Yes, we've reached the new lows we were expecting.
But if BTC can invalidate that structure by reclaiming both the trendline and $62.5K, I think there's a strong case that $57K was the mid-cycle low.
More importantly, it would provide the strongest structural base we've seen throughout this entire correction.
For me, that's the trigger to start looking for longs and positioning for the next relief rally.
Quick progress update following the V2 beta.
We've now onboarded 15 cohort testers who are actively running the protocol on mainnet. The community is testing strategies, sharing feedback, and helping us catch the last rough edges.
Their input is already flowing in, and we're fixing bugs and rolling out improvements in near real-time. Every piece of feedback is making the platform more solid ahead of opening it to everyone. The rollout continues from here.
Thanks to everyone testing, and to all of you for the patience and support.
Cardano governance is about to reveal what the ecosystem actually values.
My view is simple: if we fund promises, we will get promises. If we fund proof - demand, delivery, security, liquidity, usage, and ADA-holder value - we give Cardano a real shot at becoming a serious DeFi economy.
I created The Proof Platform to make my DRep priorities clear. The fact that the Pogun proposal, and every other DeFi oriented proposal to date, has failed, is a sign of misaligned priorities of current voting power.
The platform is a forward-looking standard for future treasury decisions: what should be supported, what should be rejected, and what proposers should have to prove before asking ADA holders for funding.
The central priority is DeFi. Stablecoins, liquidity, trading, lending, wallets, bridges, cross-chain interoperability, market makers, financial risk tools, UX, and shared infrastructure that create TVL and volume should move to the front.
But “DeFi” cannot become a magic word that turns weak proposals into good ones. I want Cardano governance to get more comfortable saying no to vague budgets, paid pilots, manufactured demand, weak accountability, copycat applications, and social work ventures using the treasury as "market validation".
I want thoughtful disagreement from people willing to argue from evidence, incentives, tradeoffs, and what actually makes Cardano more useful, liquid, secure, and valuable.
If it resonates, delegate to Phil_UPLC. The platform is in the thread below.
Approving @Cardano PRIME is not the same as writing an unconditional check.
Most of the program's capital doesn't deploy on Day 1.
In fact, roughly 75% of the budget sits behind a Month 4 Release Gate.
Execution has to earn the next phase.
Hello, Mimi here.
I've been hesitating a lot to release this announcement, but honestly, the situation has escalated so much, and I'm devastated.
As many of you may know, I was born and raised in Venezuela, and almost three days ago, my country was hit by some really powerful earthquakes. An incredibly large number of buildings, houses, and apartments were completely destroyed, collapsing into pieces, taking the lives of hundreds of Venezuelans and leaving several thousand others severely injured, while many are still trapped or waiting to be rescued from beneath the collapsed buildings. Sadly, some of them may have already passed away by now.
My family was no exception. Thankfully, almost everyone in my family is safe, but two members of my family are nowhere to be found. We believe they are still trapped (for around three days now) under their apartment, as it sadly collapsed, just like many others.
The city where I was born suffered the worst devastation. The city where my family lives was also heavily affected, as well as the city where I grew up and lived before migrating. I'm honestly heartbroken. I wish I could be with them today, but I'm more than 7,000 km away, and even Venezuela's main airport was severely damaged.
This tragedy has touched me in the deepest way possible, so I decided to take the courage to ask all of you, my community, and the entire Cardano community for your help.
I would like to raise some funds to send to Venezuela to help my people. I have friends who have spent the last three days buying medical supplies, food, and other essentials to give to the people who permanently lost their homes, and helping rescue those who are still trapped beneath the rubble.
If you can contribute, please help us. And if you can't, please help us by sharing this message.
I truly don't like asking for things like this, but today more than ever, I'm devastated by what has happened to my country, and I want to do everything in my power to help.
This is the handle I created for the fundraiser. Everything we raise this weekend will be sent to Venezuela on Monday.
$helpvenezuela
https://t.co/Dp4TUdyMxw
Thank you so much to everyone who is willing to help us with this very delicate cause. I also apologize for having the courage to ask for something like this.
Please take this message as a reminder to hug your loved ones tightly. Life can change from one day to the next when you least expect it.
Some DReps in the @Cardano ecosystem recently asked: Why not put every ADA directly into incentives?
Because you can rent liquidity...
...or you can build a market that will keep it.
PRIME isn't designed to maximize short-term TVL.
It's designed to make Cardano more competitive long after incentives end.
$BTC
The $52-54K region is one of the most important areas on the entire chart for BTC.
We've seen an enormous amount of price action develop around that region over the last five years.
Personally, I think it's the support level that decides whether this correction remains relatively shallow, or whether BTC starts opening the door into the $40Ks.
Someone just bridged 10,000,000+ $USDCx to Cardano in the last hour.
Despite all the drama, Cardano stablecoin liq continues to grow, Cardano TVL continues to grow, Cardano ecosystem continues to grow.
Slowly but surely.
🚨 Glacier Drop Redemptions Temporarily Suspended
Following reports of a security incident affecting a subset of Cardano wallets associated with @secondfiapp, we have made the decision to temporarily suspend Glacier Drop redemptions as a precautionary measure to help protect our community.
While the issue does not relate to @midnightntwrk infrastructure, products, or services, some members of our community may use affected wallets or services.
We recognize this decision will impact users who are not affected by the underlying incident, however we believe temporarily pausing all redemptions until further safeguards are implemented is the best way to protect our community at this time.
We are actively monitoring the situation and will restore Glacier Drop redemptions as soon as it is appropriate to do so.
If you use SecondFi, we encourage you to review official guidance from the SecondFi team and take any recommended steps to secure your assets.
The safety and security of our community remain our highest priority. Please remain vigilant:
👉 Midnight will never contact you privately to request sensitive information, ask for wallet access, or instruct you to transfer funds.
👉 Never share your seed phrase, recovery phrase, or private keys.
👉 Be wary of unsolicited messages, support offers, or suspicious links.
👉 Verify information through official channels before taking action.
We will share more updates as they become available.
https://t.co/LBOsq8ZvV0
@blockjock2017 DELEGATE to @phil_uplc
We need BD that is willing and capable of capturing market share in defi, such as commercial paper and money markets. It would benefit the entire blockchain.
We should not be path dependent upon a conservative strategy created under a hostile regime.
Cardano PRIME is not just about throwing incentives at DeFi and hoping liquidity stays.
The process matters:
1. Audit the current ecosystem
2. Identify the real gaps
3. Deploy capital where it can stick
That is a much healthier approach than short-term liquidity mining.
If done well, this could help Cardano DeFi mature with better infrastructure, clearer priorities, and more responsible capital deployment.
This is not a paid promotion.
Over the years, @Cardano has done the hard work of building the rails.
Smart contracts. eUTxO. USDCx. LayerZero v2. Pyth. Dune.
The foundation is strong. The infrastructure is closer to parity.
Now comes the next step: competitive depth.
Enter Cardano PRIME.