Today's ADA news: Founder boldly claims "Cardano will win," promoting the Glacier update and integrating the USD stablecoin to fully challenge Ethereum.

Cardano founder Charles Hoskinson recently expressed his determination for Cardano to surpass Ethereum in an AMA, stating that he is promoting the "Glacier" update to catalyze DeFi development. He also revealed that he is negotiating with World Liberty Financial for the integration of its issued USD1 stablecoin on the Cardano network to address the network's significant shortcomings in the stablecoin ecosystem. Although Cardano (ADA) still lags far behind Ethereum in key metrics such as TVL and TPS, and its price movement continues to show a bearish trend, Hoskinson's proactive actions and public criticism of internal issues demonstrate his commitment to accelerating network development.

Hoskinson's "Cardano Victory" Declaration: A Direct Competition with Ethereum

The founder of Cardano and one of the co-founders of Ethereum, Charles Hoskinson, unabashedly escalated the competition between Cardano and Ethereum in the latest "Ask Me Anything" (AMA) session. Although Ethereum leads Cardano (ADA) by a huge market cap of $532 billion and a total value locked (TVL) in DeFi of $91.64 billion, compared to Cardano's $28 billion market cap and only $362 million in TVL, Hoskinson still firmly believes that Cardano will eventually carve out its place.

During the AMA, Hoskinson candidly stated: "I want Cardano to win." He urged developers to continue building applications within the Cardano ecosystem and emphasized the upcoming Glacier update. This update will introduce Hydra protocol updates, advanced smart contracts, and Midnight tokens. He believes this will be a turning point for the development of Cardano's DeFi, with the potential to activate its long-stagnant DeFi adoption rate.

In addition to the technical competition, Hoskinson also revealed the behind-the-scenes story with Chainlink founder Sergey Nazarov, stating that his price for integration was too high. This rare disclosure allowed the outside world to glimpse the behind-the-scenes negotiations shaping blockchain alliances and competition.

Addressing Shortcomings: Actively Promoting USD1 Stablecoin Integration

Hoskinson pointed out bluntly that one of the reasons Cardano lags behind other top public chains is its lack of proper integration of mainstream stablecoins, such as USDT and USDC. Currently, the total market capitalization of Cardano's stablecoins is only 38.1 million USD, of which the Djed algorithmic stablecoin contributes about 26.41 million USD. In contrast, Ethereum's total market capitalization of stablecoins reaches 150 billion USD.

To address this pain point, Hoskinson revealed that he is in integration talks with World Liberty Financial, supported by Donald Trump, regarding its issuance of the USD1 stablecoin. He stated: "When USD1 on Cardano? We did talk to the Witkoffs about it. I think JJ can land that deal. He’s talking with them, and we’ve got to figure out a time and place." He emphasized that introducing a stablecoin like USD1, which has a market value of 2.6 billion USD and significant liquidity, is crucial for Cardano to achieve mainstream adoption.

During the AMA, Hoskinson also publicly agreed with the community's strong criticism of the Cardano Foundation, accusing it of failing to ensure key ecosystem integrations, such as partnerships with LayerZero and Chainlink. He stated that it was precisely due to the foundation's negligence that IOG and the Midnight Foundation had to foot the bill themselves to complete these costly transactions to drive the development of the ecosystem.

ADA Price Movement and Technical Analysis: Bearish Pressure Continues

Despite Hoskinson's confidence in the future of Cardano, ADA's recent market performance has been disappointing. The ADA price has fallen for the fourth consecutive day, dropping below 50-day EMA (0.8126 USD ), and is seeking support in the 200-day EMA (0.7426 USD ) region.

From a technical indicator perspective, the market's bearish pressure is increasing. The Relative Strength Index (RSI) has fallen below the neutral line of 44, indicating that buying interest is weakening; while the MACD indicator is also drifting towards the zero line, flashing signals of enhanced selling momentum. Unless the bulls can quickly reclaim the key resistance level of 50-day EMA, the ADA price is likely to remain under pressure.

Conclusion

Hoskinson's series of statements is not only a public challenge to Ethereum but also a direct confrontation and correction of internal issues within Cardano. He attempts to accelerate the ecological development of Cardano by promoting the Glacier update, integrating mainstream stablecoins, and criticizing the foundation, in order to narrow the significant gap with Ethereum in core metrics such as TVL and TPS.

Despite the current on-chain data and price movement being unfavorable for Cardano, Hoskinson's proactive efforts and potential collaborations with multiple ecosystems (such as the XRP community) indicate that Cardano is working hard to shed its "slow development" stereotype. For investors, the current fall in ADA's price may be a result of market pressure but also an opportunity to reassess its long-term potential. In the coming months, whether Cardano can make substantial progress in technological and ecosystem integration will be crucial in determining its ability to truly compete with Ethereum.