Hey Cardanians! Welcome aboard the Weekly Cardano Digest #61!!

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 Milei's Promotion of $LIBRA Sparks Controversy

• ADA Now Live on Solana via Wanchain Bridge

• Grayscale Files for Cardano (ADA) ETF

• Weekly Development Report

• & More!

President Milei's Promotion of $LIBRA Sparks Controversy

Argentine President Javier Milei recently promoted a new cryptocurrency, $LIBRA, on his social media platforms, describing it as an investment tool to boost the nation's economy. Following his endorsement, the token's value briefly surged to nearly 4 Billion Market cap and quickly plummeted after that. This rapid decline has led to political backlash, with opposition lawmakers threatening impeachment proceedings against Milei. The incident raises concerns about the potential risks of political figures endorsing volatile digital assets without thorough due diligence. Cardano Cofounder, Charles Hoskinson made a statement about his experience in the country and working with the Argentina government. Read More

ADA Now Live on Solana via Wanchain Bridge

In a significant development for blockchain interoperability, ADA is now live on the Solana network through the Wanchain Bridge. This integration allows users to transfer ADA between the Cardano and Solana blockchains seamlessly. The collaboration aims to enhance liquidity and foster collaboration across both ecosystems, providing users with more flexibility and opportunities in decentralized finance (DeFi) applications.

Grayscale Files for Cardano (ADA) ETF

Grayscale Investments, one of leading cryptocurrency asset management firms, has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund (ETF) tracking ADA, Cardano's native cryptocurrency. If approved, this would mark the first-big ADA-focused ETF, offering traditional investors regulated exposure to Cardano. This move signifies growing institutional inter

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🎊 A Message from Lucas

Dear Cardano Community,

This week has been a whirlwind of activity, underscoring both the promise and the challenges within our rapidly evolving ecosystem. The incident involving President Milei's promotion of $LIBRA serves as a stark reminder of the importance of due diligence and the potential pitfalls of unvetted endorsements in the crypto space. It's crucial for all of us to approach such developments with a critical eye and prioritize informed decision-making.

With Token Allies we are launching a governance action to migrate our current $DVC token to the new xDVC, so if you hold $DVC, this is extremely relevant to you: https://x.com/TokenAllies/status/1889916523986264162

This week will be busy, thankfully a lot of things to do! Wish you all the best!

-Lucas Macchiavelli