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🟦 Main topic: $100 million from the treasury for DeFi/stablecoins/BTC
• The founder of Cardano, Charles Hoskinson (IOG) proposed to use 140 million ADA (~100 million $) from the treasury to provide liquidity for stablecoins (USDM, USDA) and, partially, to purchase BTC, with the aim of strengthening the DeFi infrastructure of Cardano .
• Goskinson argues that this will bring non-tariff revenue to the treasury, increase the power of DeFi, and inspire the market, while the sale will be conducted wisely and gradually, for example through OTC transfers or algorithmic TWAP execution, to minimize market impact.
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⚡️ Market and community reaction
• ADA fell by 6% to ~0.64$ after the proposal discussion began, with a support zone around 0.622$ .
• Some network participants, including the influential @cardano_whale, warn about the risk of front-running and weak market momentum, urging instead of selling ADA to focus on the issuance of stablecoins (, for example, ObyUSD) .
• Goskinson calls it a "false narrative" and believes that these concerns are exaggerated .