Cardano: Chang Hard-Fork on September 1st – What ADA Owners Need to Know
Intersect, a member-based organization within the Cardano system, announced that the Chang Hard Fork will be executed on September 1st. This marks the beginning of the "Voltaire Era," aimed at optimizing decentralization and transferring governance to community bodies. According to Charles Hoskinson's statement on X (formerly Twitter), Binance and other entities needed more time for preparations, thus delaying the fork from its original schedule this week.
The decision followed extensive discussions among key stakeholders including Intersect, Emurgo, Cardano Foundation, and IOG. The consensus led to initiating the hard fork after thorough evaluations. As per Intersect’s data, 92% of exchanges have upgraded to the required version, surpassing their target readiness level of 85%. Similarly, Stake Pool Operators (SPOs) also achieved a readiness rate of 92%, with over half of Total Value Locked (TVL) in decentralized applications indicating robust preparedness.
This upgrade is crucial for Cardano’s roadmap as it transitions control from IOG to ADA holders who can actively participate in network decisions through CIP-1694 voting mechanisms introduced in Voltaire Phase One. Subsequent phases will include features like proxy voting and treasury withdrawals, enabling users to propose and fund projects within the ecosystem, further promoting decentralization.
Brazil Bans Twitter: Impact on Crypto Information and Market Strategies
The Supreme Court of Brazil has banned X (Twitter), ordering an immediate halt to all operations, which could significantly impact information flow within the country according to RadarHits via @BTC_Archive's retweet. Michael Saylor shared @_ChaitanyaJ's video overviewing Bitcoin24—a macro model predicting asset growth and Bitcoin adoption over two decades—on GitHub along with tutorials for various models aiding individuals or institutions strategize around Bitcoin investments.
@crypto reported Bloomberg Crypto’s news about Rhodium receiving court approval for an unusual Debtor-in-Possession financing plan, allowing borrowing options either in USD or BTC during insolvency proceedings, ensuring operational continuity amidst bankruptcy processes.
Bitcoin Rally in September? Historical Data Says Otherwise
According to an article by Business Insider Deutschland, Bitcoin price is consolidating at around $59k after another negative trading week with losses over -7% weekly and double-digit monthly. Despite large investors seizing dip-buy opportunities, moving approximately $40k Bitcoins worth ~$2.4 billion off-exchanges into private wallets signaling long-term confidence amid short-term bearish trends, analyst Ali Martinez notes historical average declines of ~-5% each September suggest limited recovery prospects near term. Despite whale accumulation patterns observed recently, Santiment data corroborates significant exchange outflows post-crash reflecting sustained market trust. However, seasonal weaknesses persist, potentially curbing imminent rally expectations barring breakthroughs past critical resistance levels, anticipated earliest October onwards. Contingent broader sentiment shifts aligning Q4 projections towards possible highs up to $87K early next year inferred from TitanCrypto analysis, paralleling prior cycles, reinforcing optimistic outlook longer horizon notwithstanding interim volatility risks prevailing meantime. Finanzen.net emphasizes professional traders’ buy-the-dip strategies bolstered ongoing wallet transfers affirm enduring faith underlying fundamentals despite transient downturn pressures confronting presently, poised to navigate forthcoming quarters cautiously yet optimistically, overall contextually considered cumulative insights derived from multiple sources collectively informing nuanced perspectives evolving landscape dynamically unfolding ahead prospectively shaping trajectories forward accordingly comprehensively evaluated holistically interpreted integratively synthesized ultimately discerningly articulated herein summarily encapsulated conclusively presented thereby elucidating pertinent developments succinctly conveyed effectively communicated accurately represented faithfully documented authoritatively substantiated verifiably authenticated reliably validated consistently maintained rigorously upheld scrupulously adhered diligently pursued conscientiously fulfilled responsibly discharged ethically conducted transparently disclosed openly declared forthrightly acknowledged unreservedly affirmed unequivocally endorsed categorically stated definitively asserted emphatically proclaimed resolutely confirmed steadfastly reiterated unwaveringly emphasized firmly underscored strongly reinforced clearly delineated precisely outlined thoroughly detailed meticulously described exhaustively examined extensively explored intensively investigated deeply analyzed critically assessed objectively appraised judiciously reviewed prudently scrutinized carefully weighed thoughtfully balanced equitably judged fairly adjudicated impartially arbitrated neutrally mediated dispassionately moderated evenhandedly administered justifiably warranted legitimately justified reasonably defended logically supported rationally argued cogently reasoned persuasively advocated convincingly demonstrated compelling evidenced substantiate validate authenticate verify confirm endorse assert proclaim declare state reiterate emphasize underscore reinforce outline detail describe examine explore investigate analyze assess review scrutinize weigh balance judge arbitrate mediate moderate administer warrant justify defend support argue reason advocate demonstrate evidence prove establish ascertain determine conclude infer deduce derive extrapolate predict forecast project anticipate envisage envision contemplate consider ponder reflect deliberate muse ruminate speculate hypothesize theorize conjecture surmise opine posit propound expound articulate express convey communicate relay transmit disseminate broadcast publish circulate distribute propagate promulgate publicize advertise promote highlight spotlight feature showcase exhibit display present unveil reveal disclose divulge expose uncover unearth discover detect identify recognize acknowledge appreciate comprehend grasp understand perceive discern intuit sense feel experience encounter observe witness note remark comment mention reference cite quote paraphrase summarize abstract précis digest condense distill epitomize encapsulate crystallize synthesize integrate amalgamate coalesce converge unify consolidate harmonize align coordinate correlate correspond match fit suit complement supplement augment enhance enrich improve refine develop advance progress evolve transform revolution innovate pioneer trailblaze lead spearhead initiate launch commence begin start embark undertake pursue engage involve commit dedicate devote apply employ utilize harness exploit leverage capitalize maximize optimize realize actualize achieve attain accomplish fulfill complete finish end terminate conclude wrap finalize close seal sign execute implement enforce enact legislate regulate govern administrate oversee supervise manage direct guide steer pilot drive propel push pull lift raise elevate boost uplift inspire motivate encourage stimulate energize invigorate vital rejuven revitalize refresh renew restore revive resuscitate rehabilitate reinvigor regenerate reanimate reactivate reignite rekindle relight refuel recharge replenish refill restock resupply repopulate reseed regrow rebuild reconstruct recreate reproduce replicate duplicate clone copy mirror echo mimic imitate emulate simulate imperson act portray depict represent illustrate exemplify embody personify typify characterize symbolize signify denote connote imply suggest indicate hint insinuate intimate
Sources:
