- IOG secures $71 million ADA funding from Cardano treasury with 74% approval, supporting major upgrades through on-chain governance.
- ADA holds $0.72 support, eyes $0.80 resistance; breakout could trigger 75% upside with protocol upgrades fueling momentum.
Cardano (ADA) is trading at $0.7797, marking a 5.18% daily gain as the token continues its strong rebound from last week’s lows. ADA has climbed 34.29% over the past month, though it remains down 7.54% year-to-date.
On a yearly basis, however, ADA is still up an impressive 135.35%, solidifying its position among the top 10 cryptocurrencies by market cap, now at $27.62B.
One of today’s most notable developments is Input Output Global (IOG) securing $71 million in ADA funding from the Cardano treasury, with 74% voter approval. This governance milestone underscores the maturity of Cardano’s on-chain decision-making process and its capacity to fund major ecosystem upgrades.Â
Founder Charles Hoskinson also announced record-breaking engagement with the Midnight Network’s Glacier airdrop, marking a new high in community participation and setting the stage for further network adoption.
The Glacier Drop is live. Congratulations to everyone who worked on Midnight over the last 6 years. It has been a grand marathon of intellectual and practical challenges.
Thank you all for being part of this community. I hope you enjoy the beauty and elegance of our work. https://t.co/jzpckzYnMs pic.twitter.com/A5ZwW8eHNh
— Charles Hoskinson (@IOHK_Charles) August 5, 2025
From a technical standpoint, ADA has held above its $0.72 support level after last week’s dip to $0.6879, and the market is now targeting the $0.80 resistance zone. ETHNews analysts note that breaking this threshold could open a path toward a 75% upside move if momentum continues, potentially fueled by upcoming protocol upgrades such as Leios for scalability and partnerchain integrations. However, a rejection at $0.80 could trigger a short-term retest of the $0.72–$0.70 range.
Cardano’s recent activity—ranging from treasury-funded development to high-profile airdrops—signals that the network is not only maintaining relevance but actively preparing for the next wave of adoption. With its governance mechanisms proving effective and technical upgrades on the horizon, ADA’s bullish case for Q3–Q4 2025 is strengthening.
