Crypto wallet provider Ctrl Wallet will permanently shut down its services weeks after the platform suffered a security exploit, marking the end of the multichain wallet as users race to withdraw their assets before the platform goes offline.

An $18.5 million transfer of ADA from vulnerable Cardano wallets is raising fresh questions after founder Charles Hoskinson said even Emurgo—the company behind the affected wallet—does not appear to know who carried out the so-called rescue.

The Cardano Foundation has canceled its 2026 Cardano Summit after the community rejected a second treasury funding proposal, signaling growing resistance to large ecosystem expenditures and a new willingness among voters to challenge how treasury funds are spent.

Cardano founder Charles Hoskinson warned that the U.S. CLARITY Act could take years to implement and may favour established cryptocurrencies while making it harder for new projects to grow.

On November 21, 2025, Cardano suffered its most serious technical failure in nearly a decade, when a single flawed delegation transaction triggered a rare chain split—effectively causing the blockchain to divide into two competing versions of itself.

A specially crafted delegation transaction caused Cardano’s network to split into two conflicting chains, disrupting exchanges, DeFi apps, and users. Developers quickly deployed emergency fixes, restored consensus, and confirmed that no user funds were lost.

Charles Hoskinson’s pet pig, Nike, inspired a memecoin that quickly reached nearly $1 million in value. Hoskinson turned down a $3 million offer for Nike, saying the pig is priceless.

Cardano’s Midnight sidechain will distribute tokens to 37 million users across eight major blockchains, including Bitcoin and Ethereum, in one of the largest airdrops in blockchain history. The airdrop, called the Glacier Drop, will issue NIGHT and DUST tokens and aims to promote privacy in decentralized finance.

The Cardano Foundation has launched Veridian, an open-source digital identity platform that gives users control over their data without relying on third-party verification. The platform features a Veridian Wallet for secure credential management and integrates with the Cardano blockchain for added trust and security.

Trump’s trade war spurred a market downturn, wiping out billions in a day. Bitcoin fell below $85,000, Ethereum dropped 11%, and crypto lost $500 billion, erasing gains from his US Crypto Reserve announcement. Is this a brief dip or a deeper decline?