Let's not forget there are super exciting news on Cardano.
Ouroboros Leios testnet has been launched! ⚡️
Charles Hoskinson: "It was a long time! We put 10 years of work into this."
A big milestone for Cardano. 👏
Big developments on the Cardano wallet hack. Firstly, Cardano was NOT hacked.
Secondly, users should be able to get their ADA back!
What got exploited was third-party wallet software, and the headlines are obviously running crazy with this Cardano news implying this was a protocol level thing.
Here's what actually happened:
- 16M ADA drained across 374 addresses by external attackers
- 129M ADA was rescued through emergency measures and is being returned to affected users
- Claims process is actually underway for people to get their ADA back
The fair question to ask is how did Emurgo have key access to do it?! The optics there aren't great.
JUST IN: #Cardano $ADA Founder Charles Hoskinson on the SecondFi hack, says "Input Output requests full transparency from EMURGO, including audit reports and external entities to publish their findings, then a remedy—and that independent validation has been achieved."
UPDATE: Charles Hoskinson says "if it was about money, I would have sold my $ADA at the beginning. I was a billionaire in 2017—I had no legal requirements to vest. I held for 3 years and didn't sell a single $ADA. I carried it all the way through till today, and I'm still here."
🚨 Cardano was NOT hacked. Full stop.
The drains you’re seeing happened in SecondFi (ex-Yoroi) wallet software, a flaw in their key generation, not the Cardano blockchain.
The Clarity Act has been kicked down the road for almost a year.
CLARITY Act "We're So Close" Timeline.
Oct 2025: "Across the finish line by end of this year"
Jan 2026: Markup Jan 15 - "so close we can't give up"
Feb 2026: 80-90% chance by end of April
Mar 2026: "Agreement in principle" and "we are so close this time"
Apr 1 2026: "Very close to a deal" - markup in weeks
Apr 13-14 2026: "Very close to closing them out"
May 6, 2026: “White House targets July 4 for Clarity Act passage, says crypto adviser Patrick Witt”
Now: Clarity Act hearing scheduled for July 17th
UPDATE: #Cardano $ADA Founder Charles Hoskinson says "I just don't wanna see this thing die. I spent so much of my life and time, and so much of my cognitive effort into waking up everyday and saying how do we build something great and make something successful."
@IOGroup We are excited for the launch of our new ecosystem! 💪🏻
We put a good bit of work into it, and we are excited to share it will all of Cardano.
And of course, excited about Father’s Day as well. 👴
UPDATE: George @CryptosR_Us says "I would actually like to take over TapTools, I reached out, and I think I can revitalize it in a big way. If anyone is watching from TapTools, hopefully they will reach out." #Cardano $ADA
Cardano is about to shift from a 'research-first' chain to a 'throughput-first' beast. 🏛️⚡
The Leios and Peras integration is the long-awaited architecture designed to finally decouple block production from validation.
Why this changes everything:
🔹 The TPS Ceiling is Gone: We’re looking at "as much as you want" throughput tens of thousands of transactions per second. This isn't just "fast"; it's global settlement scale.
🔹 Decoupled Efficiency: Leios allows for massive transaction volume without sacrificing the decentralization that makes Cardano the most secure L1 in the game.
🔹 The 'June 23' Catalyst: The Leios testnet goes live in just 4 days. This is the moment the "slow" narrative officially dies.
Cardano has spent years building the foundation. Now, they’re turning on the engine. If the network can hit these metrics in a live environment, the barrier to institutional adoption effectively vanishes. 📈 $ADA #Cardano #Scalability #Leios
Privacy is moving from an edge case to essential infrastructure.
For RWAs, payments, identity, and AI, the goal is not to hide everything. It is to prove what matters without exposing everything else.
That is the power of selective disclosure, and why privacy-first technology could unlock the next generation of commercially viable Web3 products.
Where do you think selective disclosure will have the biggest impact?
Remember how $ADA pumped from $0.60 to $1.20 when Trump announced it as part of the US Strategic Reserve?
The same thing will happen once the markets start the reversal and it could be multiple weeks in a row.
$ADA can get to $3 faster than you think.
With the upcoming van Rossem hard fork and Cardano approaching the 6th year anniversary of the SPO run network, here's a brief history of major Cardano accomplishments since the launch of Shelley mainnet...
July 2020 Shelley hard fork:
This delivered the transition from a federated network controlled by a small set of operators to a fully decentralized proof of stake system. It enabled community operated stake pools as validators, introduced staking and delegation, and established permissionless participation. Thousands of stake pools have since operated the network.
Early 2021 Allegra and Mary hard forks:
Added token locking capabilities and native multi asset support. These allowed first class tokens to exist directly on the ledger without requiring smart contracts.
The hard fork combinator works brilliantly.
September 2021 Alonzo hard fork:
Introduced smart contract functionality through Plutus, a Haskell based language designed with strong formal verification properties. This unlocked decentralized applications, DeFi protocols, and NFTs while maintaining the security and determinism of the underlying ledger.
September 2022 Vasil hard fork:
Delivered key scalability and performance upgrades including reference inputs, inline datums, and improved scripting capabilities. These enhancements boosted transaction efficiency and dApp performance on the network.
March 2023 Dynamic P2P networking:
Rolled out automated peer discovery and self optimizing connection management in the node software. Nodes including validators and edge relays can now discover peers dynamically, classify connections as cold warm or hot, promote or demote based on performance, maintain diversity, and handle churn automatically. This removes reliance on static configuration files and enables resilient operation as nodes join or depart the network.
2023 and onward Mithril integration:
Deployed a stake based threshold multi signature scheme. It generates cryptographically certified snapshots of the ledger state using stake weighted signatures from the existing network. This enables fast secure bootstrapping of full nodes, often completing in under 20 minutes rather than days of syncing from the start of the chain, while preserving the full security guarantees of the main blockchain.
2024 Ouroboros Genesis advancements:
Implemented enhancements to the core consensus protocol featuring a novel chain selection rule. This allows nodes to securely bootstrap directly from the genesis block without trusted checkpoints or assumptions about past network availability. It also improves handling of dynamic node participation where validators and other nodes can join or leave while maintaining provable security and liveness under honest majority stake.
September 2024 Chang hard fork:
Introduced the initial batch of on chain governance features aligned with CIP 1694. This began the shift toward community driven decision making for protocol changes and treasury management.
January 2025 Plomin hard fork:
Completed the governance transition with full on chain mechanisms. It added decentralized representatives known as DReps, treasury withdrawal capabilities, and comprehensive proposal creation and voting. This successfully transferred significant control of network development to ADA holders through stake weighted participation.Throughout this period the Ouroboros family of protocols has provided Nakamoto style consensus adapted for proof of stake. It features permissionless participation, probabilistic leader election based on stake, and chain selection rules that deliver persistence and liveness with rigorous academic security proofs.
Cardano has earned recognition in Tier 2 for quantum resistance preparedness. Its UTXO model offers structural advantages for migrating to post quantum cryptography, supported by long standing research and planned upgrade paths that minimize disruption.
Other notable achievements include the publication of hundreds of peer reviewed papers placed in the public domain with no patents, high assurance engineering practices with formal verification of critical components such as Plutus Core, and...
👉 a consistent record of executing multiple complex hard forks smoothly without major network disruptions 👈
These engineering foundations directly enable powerful user tools like Daedalus, Cardano's official full node desktop wallet. Daedalus allows users to run a complete validating node that independently verifies and maintains the entire blockchain history from the beginning. It supports secure bootstrapping from the genesis block or through efficient snapshot methods, enables staking by delegating ADA to stake pools for rewards, and facilitates active participation in governance.
Development continues actively with Leios, the next major consensus upgrade - targeting substantial throughput improvements through techniques such as input blocks and endorsement blocks while preserving the security properties of the existing system. Expected advancements around 2026 will further enhance scalability.
Cardano's methodical research driven approach has produced a robust, decentralized, and continuously evolving blockchain platform that prioritizes long term security and upgradability.
* made with Grok as my research assistant 😌