The Unstable Cat priceADA

The Cardano ecosystem recorded several major developments over the past week. Most notably, the launch of the Leios public testnet led activity. There were also upcoming decentralized finance (DeFi) initiatives, renewed ecosystem funding, and an application-level security incident involving the SecondFi wallet. Here’s what happened in the Cardano ecosystem in the last week: Leios Public Testnet Goes Live Cardano officially launched the public testnet for Leios, its next-generation scaling protocol, on June 23. Named Musashi Dojo after the legendary samurai Miyamoto Musashi, the testnet marks one of the network’s most known technical milestones in years. Moreover, the upgrade is seen as a major boost to Cardano’s transaction throughput by up to 65X. A mainnet hard fork is targeted for November 2026. The rollout is structured into five phases: Earth, Water, Fire, Wind, and Void. These will progressively test the protocol from initial design validation to adversarial testing before mainnet deployment. As a result, the testnet allows stake pool operators (SPOs) to deploy Leios-enabled block producers. Developers can also begin testing decentralized applications (DApps), wallets, and infrastructure ahead of the upgrade. RealFi Testnet Set for July Launch Input Output Global (IOG) also announced that Phase 1 of its RealFi testnet will launch on July 6. The project aims to improve capital efficiency by enabling stablecoins to generate yield instead of remaining idle. The initiative represents IOG’s latest effort to expand decentralized finance (DeFi) use cases within the Cardano ecosystem. Project Catalyst Returns with 2 Million ADA Cardano’s community funding program, Project Catalyst, will return in August with a 2 million ADA grant pool. The upcoming funding round will prioritize projects building around technologies such as Pyth, Brale, stablecoins, programmable tokens, and on-chain identity. This will provide fresh capital for developers and ecosystem builders. AlphaGrowth Proposes Treasury-Funded DeFi Initiative Meanwhile, AlphaGrowth unveiled PRIME, a proposal with a vision to accelerate DeFi adoption on Cardano. The firm plans to request 120 million ADA from the Cardano treasury to fund the initiative. It is also showcasing its previous work with major blockchain ecosystems including Compound, Uniswap, and Arbitrum. Notably, it says it helped support more than $1 billion in total value locked (TVL). SecondFi Exploit Prompts Security Reminder The week also saw a security incident involving SecondFi, formerly known as the Yoroi wallet. A vulnerability reportedly resulted in the theft of approximately 16 million ADA. SecondFi stated that affected users will be fully compensated and advised users to follow updates through its official channels. Addressing concerns, Cardano founder Charles Hoskinson emphasized that the blockchain itself was not compromised. He stated that Cardano’s protocol, cryptography, and core infrastructure remain secure.  He described the exploit as an isolated application-level issue rather than a network-wide vulnerability. Cardano’s native token ADA traded at $0.1439, declining 0.8% over the past 24 hours despite a series of ecosystem developments.  $ADA

📊 Market Briefing — Monday, June 29 🛢️ Oil slipped slightly toward $72, while Bitcoin continued hovering around the $58K–$59K zone despite the U.S. and Iran agreeing to a ceasefire and returning to negotiations. 🗓 Key Upcoming Events 📍 Today Samsung and SK Group are expected to announce plans to invest roughly $1.3 trillion into semiconductors and AI infrastructure over the next decade. 📍 June 30 🇺🇸🇮🇷 U.S.–Iran negotiations over the Strait of Hormuz are set to take place in Qatar. 📍 July 1 Four central bank leaders from the: • Federal Reserve • Bank of England • Bank of Canada • and ECB will gather at the Sintra Forum. Fed Chair Kevin Warsh is scheduled to speak at 20:00. 📍 19:30 July 2 — U.S. Nonfarm Payrolls (June) • Job creation forecast: 114K (previous: 172K) • Unemployment rate forecast: 4.3% (unchanged) 🏦 Tether has partnered with lending platform Ledn to enable borrowing against XAUT tokenized gold collateral, with launch expected by late 2026. 🔐 Cardano wallet platform SecondFi says it aims to return user funds within roughly two weeks following its recent exploit. ❌ DEX platform Loopring announced it will permanently shut down. User assets will automatically be returned to Ethereum wallets, except accounts holding balances below $10. 🔓 Upcoming Token Unlocks 📅 June 30 • Optimism unlocks 31.34M $OP (1.48% circulating supply) worth around $3.12M 📅 July 1 • Sui unlocks 13.72M $SUI (0.34% circulating supply) worth around $9.30M • Eigen unlocks 36.82M $EIGEN (6.15% circulating supply) worth around $8.61M • GoPlus unlocks 708.7M $GPS (15.9% circulating supply) worth around $6.40M $BTC $ETH $IOST

🚀 ADA : CAN BUYERS DEFEND THIS SUPPORT? Cardano continues trading under bearish pressure, but the pace of the decline has slowed as price begins to consolidate around a local support zone. After several days of selling, this type of price action often precedes either a relief bounce or another decisive move lower. For now, bulls need to reclaim nearby resistance before a stronger recovery can develop. Recent market analysis also highlights the importance of the $0.15 area as a key support zone for ADA. 📊 Trade Setup - Entry: $0.1440–0.1460 - Stop Loss: $0.1390 - TP1: $0.1495 - TP2: $0.1530 - TP3: $0.1580 📊 WHAT THE CHART SHOWS - Price is consolidating after an extended downtrend. - Selling pressure is weakening, but buyers have not confirmed a reversal yet. - A break above $0.1495 could trigger a move toward the next resistance levels. - Losing $0.1390 would invalidate the bullish setup and increase downside risk. 🧠 WHY I USE STONfi Market opportunities can appear at any moment, so execution speed matters just as much as analysis. That's why I regularly use STONfi when trading within the TON ecosystem. Reliable liquidity, fast swaps, and smooth execution make it easier to react without unnecessary delays. Whether rotating capital into stronger assets or taking advantage of market pullbacks, efficient infrastructure helps keep the focus on strategy rather than execution. As the TON ecosystem continues to grow, having a dependable decentralized exchange becomes an important advantage for active traders. 💬 Do you expect ADA to build a base here, or is another leg down still more likely? Not financial advice. Always DYOR. $ADA

🔐 SecondFi Maps Recovery Plan After $2.4M Cardano Wallet Exploit Cardano wallet platform SecondFi says it has begun implementing a recovery plan following the recent security exploit that resulted in an estimated loss of around $2.4 million worth of ADA and native assets. ⚠️ According to onchain data, roughly 12 million ADA was drained from around 178 wallets during the incident, with some users also losing NFTs and other Cardano-native tokens. 🛠️ The team stated that: • affected wallet functions have been disabled • the platform remains in maintenance mode • and a recovery roadmap is now underway. 📅 SecondFi says its goal is to begin returning affected user funds within the next two weeks, though the exact reimbursement structure has not yet been fully disclosed. 🔍 The exploit has once again raised concerns around: • wallet infrastructure security • frontend vulnerabilities • and operational risk management across crypto applications. 🧠 The incident also highlights how attacks are increasingly shifting away from direct smart contract exploits toward: • wallet-layer attacks • compromised interfaces • and user-side security weaknesses. $BTC $ETH $IOST