1. Cardano Blockchain Development Progress
Cardano’s founder, Charles Hoskinson, mentioned the release of zero-knowledge rollups in April 2023, aiming to achieve higher privacy and efficient transaction processing. The rollups are being introduced in side-chain projects. Among these projects, the “Midnight” protocol serves as Cardano’s side-chain, functioning as a privacy-focused blockchain and providing a reliable ecosystem for handling highly confidential data. The official release date for Midnight has not been determined yet, but it will be announced as soon as it is decided.
2. News on OptionFlow of Cardano new project
Last weekend, the official token sale of OPT tokens, the first-ever option trading platform on Cardano called OptionFlow, was conducted by the MuesliSwap team. Remarkably, all 30 million OPT tokens were sold out in just 30 minutes. The OPT tokens are expected to be utilized within OptionFlow for paying option trading fees, rewarding users, and granting access to the platform. There is now significant anticipation and attention towards the future developments of OptionFlow.
3. ADA Market Analysis
Currently, the price of ADA (Cardano) is showing little movement, making it difficult to have a clear conviction about whether it will rise or fall. The 30.5 cents level is a crucial support line, and there is a possibility that an upward trend may continue, but caution is advised. Bitcoin and Ethereum are receiving more attention compared to other cryptocurrencies, and there seems to be no significant signs of a reversal for altcoins.
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https://www.youtube.com/watch?v=rbdY40pphdM
https://www.youtube.com/watch?v=u5bsTf5PiUE&t=3s
https://www.youtube.com/watch?v=BInIrQbbLzw
