That Cardano ETF, Bitcoin & Cardano News & Ecosystem Updates!

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A jam packed Cardano news update for you guys, I’ve got lots to go through here. Of course, the Cardano ETF is the biggest story. We’ll go through some details around that and when we could possibly expect it to be launched. I don’t know when, but we have some specific dates now. We also look at some positive news around midnight. Some news agencies are starting to pick it up and understanding its impact. I’ve governance updates for you guys. Cardano and Bitcoin progression. Some potential dates.

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what we should be looking at and when we’re going to see this whole new smart contract layer for the Bitcoin ecosystem and that’s bringing Cardano right up in there. We’ll also have a look at some mobile apps that have launched for the Cardano ecosystem. We have Comet, we have previews of Lace Wallet, we have updates from Metera, Wanchain and also Charli3 all coming right up for you guys. Now of course on your way in guys, if you haven’t liked the video yet,

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please do hit that subscribe notification bell if you haven’t done so already. I’ll keep you guys up to date with everything that’s happening in the Cardano ecosystem. And the biggest news story is this grayscale Cardano ETF. We have seen this submitted for the listing of it and we’re really excited about this one because we will see more institutional investors have that option, it will be there for them and they can decide if they want to have direct exposure

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to a mature product that is long lasting, has never gone down and is a serious contender in this space. It’s been in the top 10 for a very long time now. It has a hundred percent uptime. So we’re talking about a seriously good product here and Cardano is definitely one that a lot of people have been looking for. Now, Grayscale do have ADA as a part of their holdings, but it’s a part of the Grayscale Digital Large Cap.

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fund. So anytime institution investors want some ADA exposure, they may be part of this trading within this fund here. And this moves the market up and down together with other large cap cryptocurrencies. Let me just see what’s in this one here. We’ve got Bitcoin, ETH, XRP, Solana and ADA. So the ADA holding the amount of ADA is very low compared to the BTC and

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holding here with Bitcoin being the dominant player and the most liquidity, most well-known cryptocurrency out there. But of course with this brand new product here, Grayscale will be able to give their investors a lot more exposure to the Cardano ecosystem. So I’m really, really excited about that one there. Now from what I understand the SEC has received the filing and now has 43

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but they have until March 27th to approve this particular product and it will be listed on the New York Stock Exchange. Really exciting stuff guys. This is the date that we’re looking for here. I don’t know if we’ll see a surge of Cardano’s price beforehand, but the other thing, really important thing to note is that a lot of the ADA out there in the ecosystem is already off exchanges.

03:22
It’s already staked in the Cardano ecosystem and is starting to be delegated to D reps. So a lot of this, this ADA out there is already off exchanges. And I don’t know where these institutional investors are going to start buying the ADA from. So I suspect there may be a supply shock in regards to the amount of ADA out there. So I don’t know exactly what may happen, but that is.

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What a prediction I’ve seen other people talking about this as well. So it could may have, it may very well have a big impact on the Cardona ecosystem with the amount of ADA already locked up within the ecosystem and off the exchanges already. So we’re going to see a lot of impact around this date, I believe. So March 27th guys, lock that in your calendars and keep an eye on the charts and see what’s going on with your ADA holdings. So it’s going to be a very interesting year.

04:19
Now here on CoinGecko, you can see that the price did jump up quite a bit on that particular announcement. I think it did go up 13%. I have to pull out my calculator to work that out properly, but it has pretty much sustained and retained that price over the last few days. So the market is looking quite confident with that. So I’m pretty excited about this. Now before I go into the other news here, I do need to remind you all about these scams that are going around at the moment.

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This one here, the ADA giveaway one where you see a video on YouTube, it’s a live video and they talk about, you know, send your ADA to a particular address and then they’ll send back double the amount. Please be aware that is a scam. I haven’t seen one online live for the last month or so and I think our efforts as a community to take down those live scams has worked wonders.

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I have seen a lot of comments on this particular video here a lot of people have been scammed. I’m sorry but if you go to Cerebus, links down below for you guys, they may be able to help you recover your ADA so please check out the links down below if you have fallen for one of those scams. I’ve also seen this scam as well it’s been floating around the NCoins team I think their email database may have been leaked.

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and this email was sent out saying there’s a V2 version of Encoins and you need to upgrade your tokens. There’s no such thing guys, please ignore this particular email here. There is no V2 of Ncoins. What you have in your wallets is totally fine as is. So no need to go through this process and upgrade whatever this email is saying. It is a phishing scam. They’re trying to get you to engage and potentially take all your tokens. So B.

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aware of that guys. Now while we’re looking at that article from Cointelegraph, this post year is very positive for midnight, which is coming hopefully this year, but Cointelegraph are pushing the idea here that privacy isn’t a luxury. We know that in a lot of the blockchains out there, all your transactions are on that public ledger. And if someone can put an identity

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and they know what that particular person is receiving, what they’re spending their assets on and what’s going on there. So government agencies, for example, can jump in and say, hey, you haven’t been paying your taxes here. We want a cut of your capital gains tax there. And they can do some legal things around that and claim those funds. But with the privacy chains here and what Midnight has to offer, we can hide that. We can shield that data.

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But with Midnight, the really cool thing is that you can provide unshielded data as well. So if you need to provide the information for authorities of whatever reason, you can. So Midnight is a highly flexible privacy chain which allows you the luxury of that privacy, but then also be able to comply with money laundering laws and whatnot. So it makes it a lot more appealing to use.

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as a chain. So this is what Midnight is all about. And it’s fantastic to see news agencies such as Toyncoin Telegraph start to cover Midnight as well. So this is one project that I’m really excited about. It’s a product from IOG. So really good to see. I’ll put a link down below for this particular article here if you want to learn and read more about Midnight.

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Now here’s a governance update for you guys. And this one’s pretty cool because the Cardano Foundation has voted in the recent change of the constitution. And this is from the interim constitution to the ratified one that was ratified back in December, 2021, 24, and the Cardano foundation has voted yes for this one here, making it constitutional and is pushing that one particular governance action through. So that’s really good to see.

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Now something else that the Cardano Foundation has been up to is a new bit of research with input output. And this is a research paper around the exploration of how transaction fees shape blockchain security and user behavior. I thought this one’s really interesting. I haven’t dug too deep of into this one yet, but really the future of blockchain fees and how it can influence a chain is.

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very interesting stuff and I will do a little bit of a breakdown on this one in a later video. But I thought this one was really interesting. The timing of this one coming out kind of ties into this brand new governance action that was just put on chain yesterday. And this was to look into the reduction of the treasury tax from 20% to 10% on the Cardano ecosystem. That anytime you

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and 20% of that goes to the treasury. And at this moment, they are asking to have that reduced down by 10%. And the reasoning behind this is that it will increase your staking rewards just by that little bit. I thought, hey, that’s kind of appealing. Staking rewards have been dropping. If you look at my stake pool, which is performing very well, the average staking rewards from it is around 3.2%.

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3.6% if you’re lucky. So it has been dropping overall. And having this tax reduced will allow stake rewards go back to the holders just that little bit more. So that’s kind of appealing. The downside to this is that there’ll be less money in the treasury for the Cardano ecosystem to spend to grow it and grow the price of ADA itself. So I’m in two minds here.

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I like the idea of getting more staking rewards and having that better APY for anyone that is staking out there. But then the downside is the price for ADA may not grow. So what’s the point of having all this extra ADA if it’s worth less in the end when you convert it to a fiat currency, you won’t be able to buy things, you won’t be able to pay for your bills, whatever it might be. And that really is the end goal. So if we can.

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maintain that level of tax that is coming through and maintain the treasury, we’ll be able to spend that money on better things to improve the ecosystem overall. The other thing that caught me off guard here is the timing of this. I thought it was a little bit early to reduce the amount of tax that is going through the system when we haven’t even voted on the budget yet. So we have 1.6, 1.7 billion ADA in the treasury. We are in the process of going through the budgets at the

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So that teams can withdraw that ADA, some of that ADA, and then start using it within the ecosystem to do marketing, to do new research, to build another blockchain node, whatever it might be. There’s a lot of things on the list there that need to be done. And we haven’t even withdrawn that money out yet, and we’re already looking at reducing the amount of tax. I think let’s look into the amount of budget that’s going to be pulled out.

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how long that is going to be possibly be sustained for. Look at the growth and amount of activity that we get from that. And then we can judge if we can reduce the amount of tax within the ecosystem or not. We have to make sure that amount of revenue is maintained in that treasury. We don’t want to reduce the amount of tax, have a massive increase of withdrawals from it, and then burn through that treasury really quickly.

12:17
We want to make sure that we have a sustainable ecosystem here that was going to last 30, 40, 50 years of growth before we completely drain that treasury. So I’ll be looking into this one more seeing how other people are voting. But at the moment, no, for me, for this particular governance action, it’s a little bit too early for this. Maybe come back to this in a year’s time after the first round of budgets and then we can actually review how things are looking. But at the moment.

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I personally think let’s keep it at 20% and see how things are afterwards. Anyway, let me know what you guys think in the comments down below. Do you want the short term gain and a little bit of extra APY from your staking rewards or do you want the Cardano ecosystem to grow and the price of ADA to grow? Let me know down below. This next bit of speculation here is the Cardano and Bitcoin growth.

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and the collaboration here with Bitcoin OS. So I know I’ve seen headline after headline of Bitcoin OS team say, hey, we’re almost there. We’re looking at another integration here. We’re just doing this and that. But the potential live date now is May. So this is second quarter of 2025 and it’s kind of looking positive. And this might also be another date that we need to keep our eyes on. So we have the 27th of

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March for the filing and potential listing of that Cardano ETF. And then this one here in May with Cardano and Bitcoin, Cardano becoming that smart contract layer for the Bitcoin ecosystem. So this is something else to look into as well. Now, other projects are starting to build with Bitcoin. So these Cardano projects, these big projects such as Aida Handel are doing these cross chain integrations.

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with Bitcoin in hand. And you can see here with the ADA handle posts, they’re looking at Bitcoin, ETH and Solana. So you’d be able to have your addresses all within the metadata of your ADA handle, and you’d be able to play around with all these different types of assets. Really good stuff. Good to see that Cardano projects, really strong ones going cross-chain, expanding their markets and ecosystem as well. So that means better products, better development, more development, more features,

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or ADA handle holders and overall really good utility for their products. I can’t wait to see more of this cross chain integrations and growth within the ecosystem. So big thumbs up to you guys, the team there at ADA handle. Now this project here I thought came out of nowhere. I didn’t even know they were building this, but Comet DeFi, they’re looking at building a really deep integrated trading experience for Cardano.

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via the mobile and they’ve released their iOS app and you can try it out now. So if you’ve got an iPhone, you can download this, you can give it a try and see what the trading experience is like. I haven’t tried it myself yet, but with the amount of growth that they had over the last couple of days, over a thousand users. So if you’ve tried this one out, please let me know what you think. I’m going to give it a try over the weekend and give it a review and see exactly what the trading experience is like.

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put a little bit of AD in there, I will do some quick trades and see how the app works. It might make it really appealing if I’ve got another option here to start trading on the Cardano ecosystem. Now, the other big project here that is building mobile app is Lace. Now, they already have a really good desktop experience with their browser extension for Lace, but this one here is taking it to the next level and making it that mobile experience.

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So Lace V2 is all about that mobile experience. You can see here from the video, it’s looking quite nice. And I love what they’ve done with the layouts and the interface and everything there. It’s like a little bit of a custom background here as well. So it’s looking quite nice. Tokyo Wallet is still my preference at the moment. It’s my go-to wallet. But look at this, they’re going cross-chain as well. We’ve got Bitcoin in there. We’ve got Matic, we’ve got Solana. So…

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Everyone in the Cardano ecosystem is thinking cross-chain. It’s broadening Cardano to different ecosystems. And I think that’s what’s going to bring more users in. A lot of users out there have assets on whatever chain it might be, Polygon, Solana, and they want to know that they can use a Cardano app and then access

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the ecosystem that they’re used to as well. So this is a really good move by all of these projects going cross-chain. Now Butane is one of those projects that got really popular late last year. They had their token sale and start to drive a lot of adoption in their community. And this is a synthetic platform that’s launching on Cardano and it is getting really close. This is what it’s looking like at the moment. This is the screenshot here.

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If you played around with the test net, you’ll be already familiar with this interface. It looks a little bit more tweaked here. I think they’ve added a few more things in, but this synthetic platform is a competitor to Indigo. So if you’ve been using Indigo for a long time, Butane may be a very strong competitor to it. Absolutely love some of the features that they have in it and I’ve done videos on it before as well. If you want to see that.

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Links down below in the top right hand corner for you guys so you can find out a little bit more about butane. It’s looking very close to launch at the moment.

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Another project that is very close to launch is Matera. Now Matera are doing Cardano indexes. So this is tokenizing a basket of tokens and it gives you exposure to multiple different assets but all you need to do is buy one particular asset and that will track the price of all these tokens together. Now they’ve teamed up with Ceribus and Ceribus I mentioned before, they do that anti-scam stuff. They can track what’s going on within the ecosystem

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potentially get your assets back, but they are working with Metera to build the top 10 tokens within the ecosystem. And this is because Serapis’s rating system is essentially, their risk rating system is essentially looking at the potential top performing tokens within the Cardano chain. And that’s really…

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good for anyone that’s coming into the Cardano ecosystem for the first time and not knowing where to go. They can get into and purchase this index and just get exposure to the top 10 projects and not worry about anything else. They can DCA into that particular token for the index every single week and get exposure to the top tokens. If something drops out that top 10, the Xerberus team will be selling that particular token and buying the one that’s creeping up.

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So you know, little portfolio management, things like that. And all I have to do is execute a smart contract and do a DCA dollar cost average buy every single week. And I get exposure to the Cardano ecosystem. This is a no brainer for me. I absolutely love indexes. I used to work for a project called BlueShift and they did indexes as well, but they were on the Milcomitor ecosystem. So they had exposure to Cardano but via that Milcomitor bridge. So it’s a little bit.

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bit risky for some people that didn’t like that risk level risk there, moving assets to a different chain, a side chain for Cardano. So, BlueShift didn’t do too well because of that. But here at Matera is another alternative where it’s all doing it on chain within the Cardano ecosystem. So this is something to look out for. They’ve had their testnet going for quite a while now. This is their website here. This is the testnet. It looks quite nice. I’ve played around with this before. I’ve

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I’ve done purchases on here. Although it’s been tweaked and upgraded quite a bit from then. So they’ve done quite a lot of stuff with it. And with this partnership with Cerabess, I’m looking forward to this one. Xerberus love this stuff. Metera absolutely love this stuff as well. Now, one chain is probably the best bridge out there in all of crypto. I have to say they have the most integrations out there. They have a really highly decentralized chain.

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nodes that operate the network as well. So this is really appealing for a lot of people in the Kodana space because they want a decentralized ecosystem and something with a really strong history of security and uptime and one chain ticks those boxes. Now this is interesting what they’ve just released and this is Ada is now live on Solana via one chain bridge.

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So you can bridge ADA tokens over to the Solana ecosystem and start trading over there. So if you’re trading, Solana has got some advantages, right? It does, it’s fast. So if you’re doing fast trades, if you’re doing arbitrage, if you’re doing lots of trades like every second, and you’re doing trades, you know, that small amount of movement,

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You could do that over on the Solana ecosystem with Ada and USDT or USDC, for example. So it gives you more options. I personally, I don’t know if I’ll bridge over some Ada over to Solana, but if I was over on the Solana ecosystem and I saw some news about Cardano potentially shooting up because of a new ETF listing, I’ll be extremely ecstatic to be able to just quickly get

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gain that exposure to a Cardano asset. So this is really good. And thank you, OneChain, for supporting the Cardano ecosystem and bridging ADA over to their Solana ecosystem there too. So that gives more people options and that’s what it’s all about. Taking down these barriers and letting users decide where they wanna trade their assets. Now this project here, Charlie 3.

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An Oracle, a really, really good decentralized Oracle within the Kodama space have been working hard in the background. They’ve been doing a lot of updates, brand new website, website is looking slick. Now they also have some really interesting news here and they were always talking about decentralizing their nodes. So the whole idea of Charlie 3 Oracle’s is that the nodes.

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that provide the data and validate the data is decentralized. So no one can control the nodes and manipulate that data. And they have announced that one of their node providers is the Cardano Foundation. How about that? That’s a big tick of approval when the Cardano Foundation through all these checks and balances that they do, they don’t just go out and say, hey, yeah, we’ll support your project and start up a node or buy your NFT or whatever it is.

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They do a lot of research before they gain any type of exposure into a project. They need to know that it’s legit and that it’s completely working correctly. And this is a big ticker approval from the foundation for C3 because they’re one of their node providers now. That is absolutely awesome. So on main net, they run their infrastructure. They provide node operations for C3. And from what I understand, you also need to actually hold

24:03
some C3 tokens to be a node operator. So Cardano Foundation would have had to purchase some of those C3 tokens from Charlie3 to operate that node. So that’s a massive tick of approval. If you’re a C3 holder you may have seen some price movement on that one with that news coming going out. It’s really disappointing here. It’s the 14th of February for me and this news came out yesterday

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There we go. 38 now. So, you know, it’s one of those big news stories for the project, but it got almost no views. I just don’t understand it. Anyway, Charlie three are doing some really cool stuff. I absolutely love what they’re doing. But guys, that’s all I have for this particular news update that Cardano ETF is looking very promising, and that is the biggest news story out there this week. So fingers crossed, we see that a lot sooner than March 27th, but.

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anything can happen between now and then they may even reject it. They may postpone it or extend that deadline. Keep your eyes on this space. We will see some price movement on ADA with this particular news announcement out there. But guys, if you haven’t done so already, hit that thumbs up on your way out. Hit the subscribe notification bell. I’ve got a big couple of weeks coming up, so I might not be able to do as many videos as I like, but I’ll try.

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Thank you so much for watching. Thank you so much for all my channel members out there as well, and all my delegates to my staple and all my delegates to my D rep IOD as well. So thank you so much for the support guys. Absolutely love you. See you in the next video.