Weekly Cardano Digest #59

Plomin Hard Fork, the Cardano Foundation CEO’s meeting with USDC, and ADA ETF

Hey Cardanians! Welcome aboard the Weekly Cardano Digest #59!!

We've filtered through all the noise to distill crucial updates into a breezy, 5-minute read. No need for you to sift through endless info — we've got you covered. Ready to delve into this week's top Cardano news? Let’s dive in.

Here are the topics of the week:

  • Plomin Hard Fork Enactment: A historic moment for Cardano governance

  • Cardano Foundation CEO’s Meeting with Circle: USDC integration update

  • ETF Filing Includes ADA: A new milestone for Cardano’s market presence

  • Weekly Development Report

  • & More!

Plomin Hard Fork Enactment: A New Era for Cardano Governance

The Plomin Hard Fork has officially been enacted on the Cardano mainnet, marking a historic milestone in Cardano’s governance evolution. This upgrade represents years of dedicated effort from the community and developers, establishing a new framework for decentralized decision-making.

The hard fork governance action was successfully ratified on-chain, and its enactment at 21:44 UTC on January 29th set the stage for an expanded governance model that empowers ADA holders like never before.

This event marks the beginning of a new governance phase under CIP-1694, reinforcing Cardano’s commitment to decentralization and self-governance.

Cardano Foundation CEO Confirms Meeting with Circle About USDC Integration

Cardano Foundation CEO Frederik Gregaard confirmed in a recent tweet that he had met with executives from Circle (USDC) during the World Economic Forum (WEF) to discuss the possibility of bringing USDC to Cardano. However, the outcome was less than promising.

Circle executives did not see a strategic fit for integrating USDC with Cardano at this time. While this may seem like a setback, Gregaard emphasized the importance of having transparent and open discussions. He assured the community that Cardano remains focused on building, deploying, and executing its vision for decentralized finance and blockchain adoption.

Despite this development, Cardano’s DeFi ecosystem continues to grow, with stablecoins such as USDM and DJED playing key roles in the network's liquidity and adoption.

ETF Filing Includes ADA: Cardano’s Growing Presence in Traditional Markets

Tuttle Capital, an asset management firm with $3.29 billion in AUM, has filed for 10 new leveraged crypto ETFs, including one for Cardano’s ADA. This is a major step toward mainstream adoption, as ADA joins the ranks of assets being considered for regulated investment products.

Here’s the full list of ETFs filed by Tuttle Capital:

  • Tuttle Capital 2X Long $ADA Cardano Daily Target ETF

  • Tuttle Capital 2X Long $XRP Daily Target ETF

  • Tuttle Capital 2X Long $SOL Solana Daily Target ETF

  • Tuttle Capital 2X Long $LINK Chainlink Daily Target ETF

  • Tuttle Capital 2X Long $DOT Polkadot Daily Target ETF

  • …and even memecoin-based ETFs!

While ETF approval is still uncertain, this filing demonstrates growing institutional interest in ADA, further validating its position in the crypto market.

Interesting Stories

🎊 A Message from Lucas

Hey everyone,

This week has been truly emotional. The Plomin Hard Fork enactment is not just another technical upgrade—it’s the culmination of two years of relentless work in governance. From CIP-1694 workshops to Edinburgh and Buenos Aires, this journey has been life-shaping for me. Seeing this vision realized brings immense pride and solidifies our commitment to decentralized governance as an ecosystem.

I’m currently in Uruguay, where I had the pleasure of organizing the Cardano Builders Uruguay event. We focused on Catalyst and Intersect, onboarding numerous new members and creating lots of new wallets. The energy in Punta del Este was incredible, and I’m excited to see many new Catalyst proposals from Uruguay in the next round.

As I approach four years working in the Cardano ecosystem, I can confidently say I wouldn’t have it any other way. Here’s to the next chapter of Cardano

See you all next week,

–Lucas Macchiavelli

Reply

or to participate.