CARDANO ADA - Agreement Framework Reached?! Proposal Passes! The Week Ahead!

Added: 2026-05-26

[00:00:01]Well, good morning everyone. I hope you're having a great start to your week so far. We are seeing green in the crypto space eight up almost one and a half percent. Um, looking good here so far. And that's because again, we're getting some positive news sounds news.

[00:00:14]It sounds like progress is being made. I have a few news updates to go over here what the week is going to look like. Do we have a few Cardano related updates as well. We'll discuss all that and more.

[00:00:24]So again, if you're new or haven't already, make sure you like, comment, subscribe, show your support for the channel down below. I think it's very important that people remember what Memorial Day is about. It's not a celebration. It is a remembrance. It's to honor those who have fought, served, and unfortunately lost their lives in the armed forces. So, big shout out to anybody who has served. Appreciate you for your service.

[00:00:50]But let's let's take a look at the charts here. ADA right now above structure. Yesterday closed on structure. So, we're still showing quite a bit of resilience for all coins in the crypto space. A lot of resilience for BTC as well. You guys can see BTC after closing yesterday just above that that 50-day moving average. It is above it yet again today. So, it looks like the market is preparing to move. We are seeing open interest on the rise. In terms of ADA for example, we're actually seeing a bunch of short leverage opened up here on our over the last 24 hours.

[00:01:21]So, it seems like again, we're getting ready for some sort of movement as we get into tomorrow. Or I guess that would be later today around 7:00 p.m. Central Standard Time. Now, just kind of an idea of what everything else is looking like. Oil is down. Pricing in de-escalation. Pricing in negotiations.

[00:01:38]Japanese stock market hit new all-time high. We're seeing stock futures on the rise. For example, right here. Nasdaq 100 futures extend their gains to 1.3% rise to the highest level on record. So, we once again went from basically pricing in de-escalation to pricing in escalation to pricing in de-escalation again. And this is that kind of roller coaster we've been talking about. And of course, in terms of crypto, we're just getting ripped all over the place because we're open 24 hours a day. I will say volume is dropping here to begin the week. Not surprising cuz again, you're watching leverage very heavily at play here down to 63.7 billion, which is the lowest that we've seen since all the way back on the uh the the 17th. So, that's where we sit right now. Again, ADA trying to hold on to this structure, BTC trying to hold on to its structure.

[00:02:29]Uh but there is a little bit of news coming out here to begin the week. And that's that Iran says framework reached, but agreement with the US not imminent.

[00:02:37]So, it sounds like there have been agreements on certain key pieces uh of details when it comes to these negotiations, but they're not discussing uh nuclear issues. It sounds like the Strait of Hormuz still might be off the table. Uh there's kind of conflicting reports when it comes to that. But that is the biggest thing that the markets are reacting to is that we are in fact making progress. We're taking these slow steps forward, all right? Now, that being said, we did actually have a very good week for uh Cardano yet again for ADA. Six uh just over $6 million removed from exchanges again extending now two straight weeks of exchange outflows after we had a couple baby weeks of inflow sporadically. Now, that being said, let's talk about a few other things this week. Obviously, markets are closed in in in honor of Memorial Day.

[00:03:27]Uh tomorrow we have the May May consumer confidence data. We have uh that's on Tuesday. Thursday, we're going to have our PCE report. Uh obviously, I mentioned that that was going to be coming this week. Also, US Q1 2026 GDP data. I believe this is the final series of Q1 data that we're going to be getting. Uh and then Thursday, we also have the April new home sales data. So, not a ton of macro related reports.

[00:03:50]Do have quite a few of them though coming on Thursday, so obviously later this week market could get a little bit a little bit jumpy around there. But we do have a great cardano related update here as well. Cardano Leos proposal passes with 88% support. The consensus initiative to finalize oroborus Leos development and bring it to cardano mainnet has officially passed with 88% approval from D reps. Attention now turns to the upcoming Leos testnet launch currently targeted for June 23rd, which which seems crazy, but we are less than a month away from. That it where has the first half of this year gone? I swear.

[00:04:27]Uh so again, cardano moving closer to a major scalability upgrade. And it seems like this first half of the year truly just flew by and it seems like it was kind of a waste and blah, but I want to remind everybody that we have had some major things take place. Obviously midnight coming online. We're accelerating obviously into the oroborus Leos testnet. There's have been a bunch of partnerships that have been announced as well. We're inching closer now to a spot ETF approval actually taking place. So these are major steps. These are big progress signs. And although again it seems quiet, it doesn't seem like we've, you know, made a lot of progress.

[00:05:04]Although ADA price is is down for the year, it's shaping up to where the back half of the year could in fact be very good. And obviously some people are probably wondering what that means for price. I obviously, you know, did my my price video, my projections for this year. I still think that again, this could end up being a year where we do in fact see green. Maybe not a big big amount of green, but the market has shown significant stability. And this is this would be the point kind of right in here this this month that we're in right now where you would typically see the next leg down for the crypto market.

[00:05:39]This would be the moment where everything seems hunky-dory. It seems like we're getting ready to explode and then the market just shits the bed and moves the opposite direction. But we have seen the same players here.

[00:05:49]The The whales are are stacking.

[00:05:51]Institutional players are rounding out their positions. So, we're watching a bit of conviction even in times of uncertainty. And if that conviction holds, you're not going to move down.

[00:06:01]It's It's as simple as that. But, uh we'll obviously see what happens.

[00:06:04]Hopefully, we have a good week ahead of us. Hopefully, we have a green week ahead of us. But, I appreciate you guys.

[00:06:09]I hope you enjoyed the video. Let me know your thoughts below. But, have a great day. Catch you guys in the next one. Take care.