CME Group switched on 24/7 trading for cryptocurrency futures and options on May 29, a push that could reshape how institutional players access digital asset derivatives. The same week, Cardano's on-chain activity showed a quiet accumulation trend among whales, even as a governance vote on a summit funding proposal came up just short of approval.
CME's round-the-clock move
The exchange already listed ADA futures in standard and micro sizes back in February. Now every CME crypto product trades continuously — no weekend breaks, no holiday pauses. The timing puts CME ahead of most competitors who still operate on a 23/5 or 23/6 schedule for digital assets.
Whale buildup on Cardano
Active addresses on the Cardano network rose 14% to 17,500, even as ADA's price softened through the month. Meanwhile, the 10M–100M ADA cohort quietly increased its share of the circulating supply from 36.48% to 37.23% over the past three weeks. That's a slow but steady accumulation — no panic, no hype.
Governance vote comes up short
The Cardano Foundation's request for 7.8 million ADA to fund a summit received 65.21% support. It needed a 66.67% supermajority. The 1.46 percentage-point gap means the proposal fails — for now. The foundation will likely need to revise the ask or the scope before trying again.
ADA price scenarios
ADA is stuck in a $0.22–$0.24 range with resistance at $0.28 and support near the current floor. Three paths are on the table: clear $0.25 ahead of August's spot ETF eligibility deadline, grind sideways, or slide below $0.20 to the $0.18 area. No clear catalyst has emerged yet to break the stalemate.
Meme token presale draws $4.7M
Separately, the Maxi Doge presale has raised $4.7 million at $0.00028 per token. The project advertises a 66% staking APY — a high number that may attract yield chasers despite the typical risks associated with meme coins. The presale continues with no announced hard cap.
