Cardano, led by Charles Hoskinson, is preparing to launch a new decentralized network as Brazil bans X (formerly Twitter) after the platform was deemed to have disobeyed court orders and spread harmful content. The move also comes in response to concerns about censorship. Hoskinson wants to offer an alternative that is free from government control.
Meanwhile, $ADA Cardano has seen a significant price drop. Currently, ADA is trading at $0.3329, down 3.37% in the last 24 hours and 13.55% in the last week. This drop indicates high volatility in ADA's price.