Cardano Foundation Blocks 22M ADA Deal (Here's Why)

Cardano (ADA) price analysis at $0.2012 (251.5 satoshis), Cardano Foundation votes NO on the 22M ADA Copper Reserve as abstain power hits 749.8M ADA, Swiss CMTA recognizes CIP-0113 tokenized equities, and Midnight brings bridge-free privacy to Ethereum ("Welcome to Midnight Ethereum")! Full live data desk at https://www.dailyoncardano.com
🧠 TEST YOUR CARDANO IQ: Click today's interactive Quiz right here in the description below to test what you caught from today's briefing!
In today's Daily on Cardano institutional briefing (Thursday, October 29, 2026), we break down why the Cardano Foundation voted against the 22M ADA Strategic Copper Reserve proposal (noting a 49% copper price surge needed over 36 months just to break even), how EMURGO and Yoroi's upcoming November 30 DRep retirement pushed Copper abstain power to 749.8M ADA, and why the 9.6M ADA PFMS proposal jumped to 17.74% DRep support. Plus: Cardano Foundation joins Switzerland's CMTA with CIP-0113 recognized for tokenized stocks, Midnight and Sig Network unlock zero-bridge privacy for Ethereum dApps (Uniswap, Aave) past 1.09M mainnet transactions, Intersect's Oct 29 Leios SPO hardware benchmarks, Sundae x Liqwid 80% hybrid pools, and $SONG DreamBigSwap daily revenue rebounding 61% to 459.54 ADA (226,755 ADA reserves).

📊 CHAPTERS / TIMESTAMPS:

00:00 Cardano Foundation Votes NO on 22M ADA Copper Deal & Midnight x Ethereum

00:27 ADA Price ($0.2012), 251.5 Satoshis, BTC ETFs (+$137.3M) & Divided Fed

01:15 Epoch 664 On-Chain Metrics & Cardano DeFi TVL ($56.84M)

01:44 Why Cardano Foundation Rejected the 22M ADA Copper Reserve (749.8M Abstain)

02:36 PFMS Jumps to 17.74% (924M ADA) & 2027 7-Domain Budget (CEBP)

03:03 Cardano Foundation Joins Swiss CMTA: CIP-0113 Recognized for Equities

03:26 Midnight x Sig Network: Bridge-Free Ethereum Privacy & 1.09M Mainnet Tx

03:51 Leios SPO Hardware Benchmarks (8x CPU), Hermod 1.1.0 & Dingo v0.90

04:20 Sundae x Liqwid 80% Hybrid Pools & Keystone Destroys 18,835 Wallets

04:44 $SONG (+44.7% 30D), DreamBigSwap Revenue Rebound (459 ADA) & 500 Horror NFTs

05:19 Global Crypto: DTCC $30T Tokenization, RLUSD on Coinbase & $95M Ledger Drainer

05:50 3 Key Strategic Takeaways & Daily Quiz

💬 QUESTION OF THE DAY: Do you agree with the Cardano Foundation voting NO on the 22M ADA Copper Reserve proposal, or should the Treasury experiment with commodity-backed RWAs? Drop your take in the comments below!
📊 Daily on Cardano — Facts over hype. On-chain intelligence for ADA, Midnight ($NIGHT), $SONG, and Bitcoin.
🌐 Live Timeline & Desk: https://www.dailyoncardano.com
🐦 X (Twitter): https://x.com/DailyOnCardano
📝 Substack Briefing: https://substack.com/@dailyoncardano
📱 TikTok: https://www.tiktok.com/@dailyoncardano
▶️ Subscribe on YouTube: https://www.youtube.com/@DailyOnCardano
☕ Support our independent data desk (ADA):
Data Sources: Koios API, DeFiLlama, Farside Investors, Intersect MBO, SongMarketCap.

Disclaimer: Unofficial briefing. Facts over hype. Not financial advice.