Overview

• Cardano’s ADA has climbed back to about $0.74 after forming a sharp V-shaped recovery from early August lows around $0.66.
• On August 3, the community voted to allocate $71 million from the treasury for 12 months of core network upgrades overseen by Input Output Global.
• Midnight’s privacy sidechain began its Glacier Drop airdrop on August 5, distributing NIGHT tokens to wallets on multiple networks as an incentive.
• Late-July profit-taking drove transaction volumes down from $1.69 billion to roughly $744 million and prompted whales to sell 390 million ADA, while daily active addresses held steady near 31,000.
• Technical analysts view the $0.76 zone as critical resistance and are eyeing potential breakouts toward $0.80–$0.88 if momentum sustains.