Weekly Cardano Digest #57

More ADA ETF News, Cardano Ecosystem Tokens Index Launch & $TRUMP Buzz!

Hey Cardanians! Welcome aboard the Weekly Cardano Digest #57!!

We've filtered through all the noise to distill crucial updates into a breezy, 5-minute read. No need for you to sift through endless info — we've got you covered. Ready to delve into this week's top Cardano news? Let’s dive in.

Here are the topics of the week:

  • President elect Donald Trump released his official memecoin. 

  • Trakx Introduces a Cardano-Centric Crypto Tradable Index (CTI)

  • CoinShares' New ETF Application Includes ADA

  • Weekly Development Report

  • & More!

1. Trump launched an official memecoin on Solana

Elected U.S. President Donald Trump has shaken up the crypto world with the launch of his memecoin, $TRUMP, on Solana. Surging to a $15 Billion Market Cap. The coin's release raises questions about its impact on the broader blockchain ecosystem. This event could indirectly increase visibility of cryptocurrencies, leading to a greater public interest in blockchain technologies, including Cardano. On the other hand, some voices raised concerns on how a memecoin does not effectively reflect the use cases of the Blockchain technology. Some also criticized the fact of $TRUMP being launch on the Solana Network.

Trakx Launches Cardano-Focused Crypto Tradable Index

Crypto index platform Trakx has unveiled a Crypto Tradable Index (CTI) centered on Cardano. This index offers a straightforward path for investors to gain diversified exposure to the Cardano ecosystem native tokens without navigating individual projects. By emphasizing ADA and its surrounding ecosystem, this product underscores growing confidence in Cardano’s potential, further solidifying its presence in institutional markets. Trakx’s CTI could pave the way for Cardano’s DEFI to attract even more global investment interest, simplifying access for traditional investors.

CoinShares' ETF Application Features ADA

In a new step for institutional adoption, CoinShares (8.8 Billion USD in Management) has filed for an Exchange-Traded Fund (ETF) that includes Cardano's ADA. This move symbolizes ADA’s increasing acceptance in traditional financial markets. By integrating ADA into the ETF, CoinShares could amplify its liquidity and institutional demand, advancing Cardano’s visibility in the regulated investment sector. This step aligns with a broader trend of mainstream adoption, marking a pivotal moment in Cardano’s journey toward global recognition as a blockchain innovator.

Interesting Stories

Essential Cardano's weekly development report

🎊 A Message from Lucas

Over the past few weeks, it’s been getting harder and harder to include all the most relevant news in the digest. I've had to filter out some really cool stories, but I take that as good news. This wasn’t the case just a few weeks back, so it’s amazing progress for the ecosystem!

On another note, I just can’t wrap my head around Trump launching a memecoin. I don’t think people fully realize how significant it is to have a pro-crypto U.S. president—not only supporting but also actively pushing the industry forward. Are there better ways to do it? Yes, absolutely. But, oh well, that’s what we’ve got. Either way, I’m still excited about the future and curious to see where the industry moves during the first months of Trump’s administration. Oh and yes, more ETF investing in ADA.

Wishing you an amazing week!

–Lucas Macchiavelli

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