Whales Are Stockpiling Cardano! USDM Integrates Pyth Network! Angry Crypto Reacts

Added: 2026-05-28

[00:00:00]What is good, Cardano fam? ADA gang, we've lots of exciting updates to unpack today, so hit that subscribe, hit that like. Cardano ADA 24-hour trade volume surpasses $380 million according to CoinGecko.

[00:00:13]USD M, Cardano ADA's MiCA-compliant and fiat-backed stablecoin, announces seamless upgrade of its assets under management transparency data to Pyth Network, one of the most trusted and battle-tested oracle providers in crypto, delivering real-time, high-fidelity data across dozens of blockchains. Yes, USD M is integrating Pyth seamless upgrade. They say Pyth Network brings institutional-grade data infrastructure to USD M's reserve transparency, raising the bar for what holders, partners, and regulators should expect from a fiat-backed stablecoin on Cardano. I think this is a fantastic move forward.

[00:01:02]Cardano's Ouroboros Leios significantly boosts development with over 200 updates this week, now surpassing 702,000 lines of total code, plus new trackers added for high-confidence hard fork and release candidate progress. Input Output Group is targeting up to a 60x improvement in throughput. And of course, testnet launching in June. So, very exciting to see Leios coming soon.

[00:01:32]Cardano founder Charles Hoskinson on Bitcoin DeFi says Pogen already has VC interest.

[00:01:40]He says there's no issue with Strike.

[00:01:42]There's no negative comments about Strike. Strike Finance replies, "Agreed.

[00:01:48]You created an ecosystem that gave us the opportunity to build and make a living. You've always been good to us.

[00:01:55]Nothing but gratitude from our side.

[00:01:58]I've said this time and time again, Strike with on-chain perpetuals is shaping up to be a Cardano unicorn dapp, and I think the cross-chain strategy is genius.

[00:02:10]Charles Hoskinson defends XLM. He says Stellar is perfectly legitimate technology. Now, back in 2024, Charles also mentioned that Stellar is a member of some of the things we do. We talk to them from time to time. They're good people.

[00:02:28]Cardano whales hit a new all-time high yet again for stockpiling ADA. Wallets with at least 1 million ADA now hold over 25.11 billion ADA. Sentiment Intelligence says it's the highest amount since December 2017, a sign of confidence and a bullish signal as a long-term indicator. So, despite the prices being down, this is also highlighting rising institutional interest in Cardano, and we see this among other alts as well. When everyone's riddled with fear, the big guys smart money is accumulating. IvanOnTech says, "Cardano is down over 68% since it turned bearish on the daily. A bull trend, however, will start for ADA at 30 cents." So, we'll see. We got to respect the pump, as Ivan says. I like Ivan.

[00:03:23]Charles Hoskinson says, "How do you get a proof that the AI is actually going to do what you want it to do?

[00:03:30]Zero-knowledge proofs can create determinism with AI. So, when you give your AI a wallet and have it trade on your behalf, it can be regulated."

[00:03:40]Charles highlights the importance of meeting users where they're at with simplicity and abstraction. He says, "I want you to be your own bank. Your bank should live on your cell phone.

[00:03:50]That's where 5 billion people are. We trained everybody that this is the world.

[00:03:56]Charles says a mobile device has more security in it than anything built in your bank. Trusted execution environments, a hardened kernel, trillions of dollars of software companies behind it, biometric and geotagging sensors. The consumer owns it, all for free.

[00:04:14]Right? Untapped potential. Charles says you put midnight passport on the phone, make it so easy that in 60 seconds the account lives there and it works with every chain. You own your own coins. If you have a zero knowledge system with it, you can also prove any property of yourself.

[00:04:32]Charles says I firmly believe the future will be decentralized. That's why I'm still here and I haven't retired.

[00:04:40]I still go to the conference circuit after all these years. I do because I'm passionate about this and the job is not done.

[00:04:49]Charles says I signed up so that every single person can be given economic identity, regardless of what language they speak, where they're born, and that we can do business with every single person. That's how you create peace in the world.

[00:05:05]Charles says we have the most amazing technology at our fingertips. We have a truth engine, blockchains. Everything is timestamped, immutable, irreversible.

[00:05:16]There's no reason not to have peace.

[00:05:18]That's why I'm still here and that's why we built midnight.

[00:05:23]Charles says if we band together and use this technology the right way, every single person and trillions and trillions of dollars get brought in. 12 years from now, we'll be at 100 trillion dollars and billions of people in our industry in a global system.

[00:05:41]Charles says I think crypto is winning.

[00:05:43]I really do. We're past the hard parts of will you survive and are you legitimate? The good news is we have all the technology we could ever need. We now just need the will to get it done.

[00:05:56]Charles says the future will be decentralized.

[00:05:58]560 million people, it's not bad. Please help me to get it to 5 billion.

[00:06:04]And I think we're headed in that direction with everything going on in our industry. Tap Tools reports that night token has surpassed 74,000 holders on the Cardano blockchain.

[00:06:16]Strike Finance with on-chain perpetuals has added MasterCard and Visa deposits.

[00:06:21]Users can now fund perpetuals trading positions directly with familiar payment methods instead of moving funds across multiple platforms first, marking another step forward for Cardano DeFi accessibility. Now, speaking of Strike, Shan Zhang, the developer behind Strike, says we have a trading product that is comparable to the top ones in other ecosystems. One of our last hurdles is liquidity. This solves that for us.

[00:06:50]The current Cardano treasury will not last forever as is, but it can if it's earning good yield to pay for long-term development. This solves that for Cardano. So, Strike putting out a announcement that they've publicly announced submitting a Cardano treasury withdrawal proposal to supply 7.5 million ADA to their protocol. And I think it's a no-brainer because they're delivering real value, tons of transactions, perpetuals are here to stay, and I think that that will bring a lot back to our Cardano ecosystem, a net positive. So, let me know what you guys think. Now, speaking of value, Cardano TVL is on the verge of a major breakout. DeFi activity continues climbing as liquidity flows back into the ecosystem. So, despite yes, we can look at the USD valuation, which is low, but priced in ADA, but beyond that, looking at the long-term trajectory, it's on an increase. So, I think it's on a good trajectory.

[00:07:53]Tomorrow, I'm going to listen in on a Cardano research and development session, and so I'll extrapolate all the alpha I can from that, and that's, I believe, tomorrow at 11:00 a.m. Eastern, where they will discuss IOG post-quantum consensus, node security, scalability, infrastructure, sharding, communications, developer experience, interoperability, agent chains, governance, identity, incentives, and more. So, I'm looking forward to that.

[00:08:22]What else is going on? Watcher Guru reports that Robinhood to enable AI agent trading for stocks and crypto.

[00:08:30]Banca Sella to become first Italian bank to offer crypto services. That's bullish. Mastercard gains approval to operate crypto and stablecoin payments infrastructure in New York. Bullish. US bank SoFi officially opens access to its own crypto stablecoin for 15 million users.

[00:08:50]Bank for International Settlements finds tokenized central bank money and bank deposits can make global payments faster and safer.

[00:09:01]Odds of a recession in the United States this year fall to a new all-time low. I like that. US oil prices fall under $90, and I could feel that locally. I see gas prices going down, so that's nice.

[00:09:15]Finally, President Trump says former SEC Chair Gary Gensler nearly destroyed the American crypto industry. We will codify a future-proof digital asset market structure that cannot be undone by crypto haters. Well, take it with a grain of salt. We'll see what happens, but despite the price being down, when we look at all those developments, not in Cardano, but outside of Cardano, the MasterCard of the world and whatnot.

[00:09:42]Yes, prices are down, but those developments are ongoing, and we can see with Santiment Intelligence that whales are stockpiling.

[00:09:51]Not just ADA, but likely other altcoins as well. So, ADA right now, 237, XRP 1.3, Bitcoin down also at 74.2.

[00:10:01]So, yes, prices are down, but for me, one of the most important things is just what the data is saying. And when we look at what Santiment Intelligence reports, this is, in my opinion, yes, a sign of confidence, a sign of a bullish signal as a long-term indicator, as they have literally said. So, yes, prices are down, but I do think it's important for Cardano to hold above that 21 to 24 cents. I do agree with Ivan on Tech that heading towards 30 cents could be a bull flip, but we're going to have to wait.

[00:10:34]And often in moments like this, in the crypto winter, if you will, it can be sideways for a very long time, which frustrates both bears and bulls. And in the words of the Bitwise CIO, we've basically been in a crypto winter ever since we've been heading down with alts dating back to January 2025. That's what he said, and I agree with that sentiment. So, in crypto, often it's slowly and then suddenly. I say it time and time again, we have to capitulate and then catapult. So, I'm still optimistic. I think ADA has a lot of good developments going on, and I think that it has a lot of good mind share.

[00:11:12]And so, it's just one of those projects, like XRP, that has been here for a very long time.

[00:11:18]And yes, there are pain points. No chain is perfect, but I do think that there are more reasons to be bullish on Cardano in the long term than not to be.

[00:11:28]So, we're going to have to wait and see.

[00:11:30]Let me know, guys, do you think that 30 cents a bull trend will start for ADA?

[00:11:35]And what do you guys think about this continued whale accumulation of ADA? So, smash that subscribe, smash that like, and I'll see you guys in the next Angry Crypto show.