ADA Holders Foot the Bill as Cardano Bets Treasury on Midnight Network
Cardano has taken a controversial step that is already dividing its community. Roughly 70 million ADA has been withdrawn from the treasury to fund infrastructure for the Midnight network, a separate privacy-focused Layer-1. At current prices, that translates to about $25.7 million redirected away from Cardano’s core ecosystem. The move was highlighted by analyst Aixbit,
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