Cardano (Ada) News today: September 4

The tenth largest crypto assets by market capitalization experienced a red week, with various predictions in the future direction.

At the same time, the basis behind the underlying blockchain and the co-founder presented a number of interesting developments.

Go up or down?

Although the native token of the blockchain has fallen by around 6% last week, according to data taken from Coinmarketcap during the printing time, 159% has still risen for the year.

Sentiment on X with regard to a bear or bull shop seems to be a mixed bag, with one prominent market information platform noting that traders may become Bearish. However, they also noted an important point: the prices often deviate from expectations, so it can point the opposite.

Cardano has quietly seen that his normally optimistic crowd beerish is starting to become. After the lowest sentiment registered in 5 months, $ AdaThe price is +5%. Patient holders and DIP buyers during these three weeks Downswing have to root for this trend from Bearish retailers to continue … … pic.twitter.com/vggwrw243P

– Santiment (@santimentfeed) September 4, 2025

A chartist pointed To print ADA a reverse head and shoulder pattern, which is usually considered a bullish reversal, which indicates a likely uptrend.

Another analyst shared A graph with the performance of bear markets in recent years, which states that various alts have achieved the token of Cardano better.

A price prediction for the coming week places the support of around $ 0.77-0.70 and resistance roughly at $ 0.90- $ 1.

E-books on the blockchain

The non-profit organization behind the blockchain, the Cardano Foundation, announced A new use case within the ecosystem, in the form of tokenized e-books, by working together with the team behind Book.io.

By introducing decentralized coded assets (DEAS), the tide will shift for both writers and consumers, because digital books are converted into their own and transferable assets, rewriting the distribution of intellectual property and royalties.

The first pilot of this new protocol was previously unveiled in the Cardano Ecosystem Guide from 2025 earlier in January, where 2,000 copies of the book “I Can Aiken” were distributed.

ETF is finally coming?

Grayscale, the world’s largest investment company for digital assets, with more than $ 50 billion in assets under management (AUM), has submitted an S-1 form to the SEC for an ADA Exchange-Traded Fund (ETF).

This The first ETF application was started in February with an application at the New York Stock Exchange (NYSE). Following numerous delaysWe are now approaching the decision deadline, set for October 26 this year, which was postponed from the end of August.

According to Polymarket data taken at the time of writing, the chance of approval approval is 87% after the recent dip to 60%.

Laid out of abuses

The co-founder of the Cardano Blockchain, Charles Hoskinson, shared A message in which the results are presented of an investigation carried out by law firm McDermott Will & Schulte and Accounting Company BDO for the Ada -Voucher -Enaming.

These vouchers were sold in Asia between 2015 and 2017 to raise money, and they were all exchanged after the network was launched. The investigation was started as a result of claims in May of this year of an NFT artist that Hoskinson used a secret “Genesis Key” during a 2021 network upgrade (the Allegra Hard Fork) to grab 318-350 million ADA, about 0.2% of the initials offer (ICO) offer.

The audit showed that 99.7% of the vouchers were exchanged, did not reveal any violations and cleaned up the project of misconduct.

“After an assessment of tens of thousands of documents, a forensic on-chain and traditional forensic analysis and eighteen formal interviews from current employees, former employees, vouchers holders, service providers, members of the community and other third parties, the research noted that each of the accusations with regard to the topics of research has no basis.”