1. Blockchain-related projects

Charles Hoskinson, the CEO of Cardano, stated, “Cardano will likely become the world’s largest cryptocurrency.” However, it is uncertain whether it will surpass Ethereum and Bitcoin, and there is a possibility that Ethereum might lose its top position. If this were to happen, Solana or Cardano are predicted to be the contenders. Some opinions suggest that Solana is making progress in terms of network speed and problem-solving, but there are also voices indicating that Cardano is a strong candidate as well.

2. Ripple SEC Lawsuit News Special Edition

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed new regulations. This would require brokers to report information about trades, and it is expected that new rules for reporting taxes on trades after 2025 will be established. With these new regulations, there is an intention to unify tax reporting for digital assets, similar to securities, due to the rapid growth of the digital asset trading market and the need for rules and oversight in taxation.

3. ADA Market Analysis

Cardano (ADA) has reached $100. The probability of ADA price rising is 99.99%. Cardano has introduced Mithril and initiated a state-based protocol on the mainnet on July 30th. This improvement enhances speed and efficiency across the network. The Mithril upgrade reduces the time nodes need to synchronize with the blockchain and enables obtaining the current state without needing the complete history of the blockchain. The impact on the price is not immediate, but technical upgrades are significant. Development activity has shown a declining trend in July, and investors might evaluate development activity before making capital investments.

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https://www.youtube.com/watch?v=vy1tP4M9aCk
https://www.youtube.com/watch?v=P9zEdjRfZUo
https://www.youtube.com/watch?v=bUy1QdGsgVw