Hey Cardanians! Welcome aboard the Weekly Cardano Digest #63!!

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:

• US President Trump Orders Crypto Strategic Reserve, Includes ADA

• Butane Protocol Launches $MIDAS Synthetic Gold Asset

• Grayscale Smart Contract Fund Expands, Adds More Cardano Exposure

• Weekly Development Report

• & More!

President Trump Orders Crypto Strategic Reserve, Includes Cardano!

In a groundbreaking development for the crypto industry, U.S. President Donald Trump has directed the Presidential Working Group on Financial Markets to advance the creation of a Crypto Strategic Reserve, which will include $ADA, $XRP, and $SOL as part of a national digital asset strategy.

The news sparked a massive rally in Cardano's price, sending ADA from $0.64 to $1.13 within hours. The initiative aims to strengthen the U.S.’s stance in blockchain technology and digital assets, recognizing their role in the future of global finance.

This marks an important step toward institutional recognition of Cardano, potentially paving the way for regulatory clarity and mainstream adoption. Read More

Butane Protocol Launches $MIDAS Synthetic Gold Asset

The Butane Protocol has successfully launched its Mainnet alongside $MIDAS, a synthetic gold asset designed as a stable alternative to USD-based positions.

A synthetic asset is a financial instrument that mimics the value of a real-world asset, such as gold, stocks, or fiat currency, without requiring direct ownership of the underlying asset. These are typically backed by collateral and smart contracts, ensuring price stability and liquidity.

$MIDAS enables users to utilize a variety of Cardano native tokens as collateral, offering a new way to hedge against volatility while maintaining exposure to decentralized assets. This development marks a significant leap forward for Cardano’s DeFi landscape, bringing more diversity and financial tools to the ecosystem. Read More

Grayscale Smart Contract Fund Expands, Adds More Cardano Exposure

The Grayscale Smart Contract Platform, which provides exposure to major smart contract blockchains, has rebalanced its holdings to include more Cardano (ADA) along with Ethereum, Solana, Avalanche, Sui, Near, and Polkadot.

As of now, the fund has $3.27 million in assets under management and is available exclusively to eligible accredited investors.

Read more on: Grayscale Smart Contract Fund

Interesting Stories

🎊 A Message from Lucas

Hey everyone, so yeah what a start of the week, huh? I was getting back home from a walk when I phone started exploding, Trump made a post about the US Strategic report including ADA, SOL & XRP, markets exploded in just a couple of minutes, billions came into the market. People were already calling the bear market, now we are back again at it, perspectives change very fast in this industry. 

Well gotta get back to work, lots of things on my to-do list, getting ready for a new week. 

See you all next Monday! 

-Lucas Macchiavelli