ADA is facing extreme bearish sentiment, with Binance funding data showing the highest short ratio since June 2023 after a 71% decline. As Cardano prepares to launch its privacy-focused sidechain Midnight this week, markets are watching whether it can improve fundamentals or only deepen valuation concerns.
ADA short positioning has climbed to its highest level since June 2023 as the token remains down 71% from last September. With Cardano’s privacy-focused Midnight network set to launch this week, markets are watching for either a short squeeze or renewed pressure if adoption falls short.
Cardano's ADA shorts surge to highest since June 2023 amid a 71% price decline. The upcoming Midnight privacy sidechain mainnet launch could trigger a short squeeze, but ADA's direct benefits remain uncertain due to its dual-token model.
ADA short positioning has climbed to its highest level since June 2023 as the token remains down 71% from recent highs. With Cardano’s privacy-focused Midnight network set to launch this week, traders are watching for either a fresh downside leg or a potential short squeeze.
Cardano’s ADA is under heavy bearish pressure after a 71% decline, with short positioning reaching its highest level since June 2023. Investors are now watching the upcoming Midnight mainnet launch to see whether it can revive sentiment and drive real ecosystem growth.
Bearish bets on ADA have climbed to their highest level since June 2023 as Cardano prepares for the Midnight mainnet launch this week. With ADA down 71% since September, traders are watching whether Midnight can trigger a sentiment reversal or deepen concerns over weak on-chain activity.
AlphaTON Capital rebrands to Alpha Compute Corp., trading as ALP on Nasdaq, shifting focus to AI GPU-as-a-service and confidential computing. The firm raised $44M, partnered with Vertical Data, and faces Nasdaq compliance issues after stock price fell below $1 for 30 days.
AlphaTON Capital rebranded as Alpha Compute Corp., trading under ALP on Nasdaq. The company pivots to AI GPU-as-a-Service and confidential computing, having raised $44M, deployed Nvidia B200/B300 systems, and partnered with Vertical Data, Telegram Cocoon AI, and GAMEE. It faces Nasdaq compliance deadline by Aug 31, 2026.
