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EMURGO said stepping aside reflects the accountability it owes as a Cardano founding entity.The exploit drained roughly $2.4 million in ADA from 374 wallets through a flaw in the wallet’s software.

Bitcoin Suisse has secured a full ADGM license, allowing it to offer regulated crypto services across the UAE.The approval follows the firm’s recent MiCA license in Liechtenstein, expanding its regulated presence in Europe and the Middle East.Abu Dhabi continues attracting major crypto firms as it strengthens its position as an institutional digital asset hub.

Ctrl Wallet will permanently shut down on Aug. 3 and has urged users to move funds before wallet services end.Users can still recover assets later by importing their 12- or 24-word recovery phrase into compatible wallets.The shutdown follows a recent Cardano-related exploit and comes amid a string of crypto wallet and bridge security incidents.

SecondFi will not resume normal operations after the Cardano wallet incident, even after audits finish.EMURGO is preparing checker tools, migration routes and a recovery fund for affected users.Earlier crypto.news reports said the exploit drained 16 million ADA from 374 affected wallet addresses.

SecondFi says its recovery plan remains on track while engineers test several secure return methods.The exploit drained 16 million ADA from 374 addresses through flawed wallet generation software code.Users now face fresh scam risks as fake recovery accounts target affected Cardano wallet holders.

EMURGO said on Saturday it has identified a recovery path for users of its SecondFi Cardano wallet and aims to begin returning assets in about two weeks.An exploit drained roughly 16 million ADA, about $2.4 million, from 374 addresses between June 21 and 23 through a flaw in SecondFi’s own wallet-generation software.A report from Tibane Labs, a firm building its own wallet, blames an unaudited third-party SDK that it says replaced EMURGO’s audited signing code on June 8 and left a single signature able to leak a user’s private key.

SecondFi traced the breach to its Cardano wallet generation software after pausing platform activity Tuesday.SlowMist founder Cos said suspected hacker wallets suggest potential losses could exceed $20 million overall.The incident adds pressure on Cardano as ADA trades near multi-year lows again this month.

Hoskinson said AI agents could help Cardano scale updates, community tasks and Midnight City activity.Midnight City uses autonomous agents to test privacy views for users, auditors and regulators alike.The debate followed backlash over AI-generated influencer content shared through Input Output’s X account recently.

Cardano’s van Rossem hard fork action reached mainnet governance for Protocol Version 11 review now.The intra-era upgrade adds features while preparing Cardano’s Dijkstra era and future Leios mainnet rollout.The hard fork name honors Max van Rossem after broad DRep support from community voters.

Hoskinson tied the 1,096 BTC question to audit work, but Braziel wants documents published now.Braziel said audit costs alone do not explain who received the Bitcoin or why clearly.Cardano’s governance debate has moved from X arguments toward Discord channels and formal records requests.

Hoskinson wants future Cardano AMAs and discussions to move to Discord.The proposal follows governance disputes, project closures, and treasury vote controversies.ADA could meet a key spot ETF futures-market requirement on August 9, 2026.

Hoskinson says Cardano combines four technical pillars that no competing blockchain currently offers at once.He argues decentralized systems can reduce costly intermediaries and rebuild trust across global financial markets.ADA’s five-year low and falling TVL place Hoskinson’s global ambition against difficult current ecosystem conditions.

Charles Hoskinson warned that more Cardano projects could fail following the shutdown of analytics platform TapTools.TapTools cited rising operating costs, while Hoskinson pointed to weak market conditions and funding challenges.ADA traded near $0.20, with key support at $0.22 and deeper downside risks if the level breaks.

Founder Charles Hoskinson was brutally honest about the troubles the Cardano ecosystem could face as the market continues declining.

Cardano data and infrastructure platform TapTools said it will wind down operations over the next two weeks following leadership departures and rising infrastructure, development, and support costs.Charles Hoskinson said TapTools joins JPG Store among the ecosystem’s casualties and warned a “wave of failures” may follow, adding that more project closures and consolidation could occur in the second half of the year.

TapTools will wind down within two weeks after a fifth senior executive departure left the Cardano analytics platform without critical technical leadership.The shutdown follows the recent closure of NFT marketplace JPG.Store and comes amid ongoing governance disputes over treasury funding within the Cardano ecosystem.Cardano founder Charles Hoskinson said he had proposed a plan to support struggling projects, but the initiative was never implemented.