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CryptoMediumUpdated×2•Originally published 12 April 2026•Updated 14 April 2026•

1 min read

Charles Hoskinson Proposes Strategic Shift in Cardano Treasury Spending

Key Facts

1Charles Hoskinson opposed the allocation of 14 million ADA (approximately $3.3 million) from the treasury to fund the Cardano Summit and a Singapore conference.

about 2 months ago

Version History

2 additional sources confirmed this story

Version 2about 2 months ago

What changed: The story was updated to include new data showing user activity and network demand reaching historical highs, highlighting a decoupling between network utility and recent price action.

Version 1about 2 months ago

What changed: The story was updated to include new technical analysis data, specifically the 'golden cross' pattern on the two-hour chart and recent positive price performance for ADA.

Cardano founder Charles Hoskinson has sparked a significant debate by opposing a 14 million ADA treasury allocation for promotional events, labeling it an inefficient use of resources. Amidst these governance tensions, the Cardano network has experienced sharp growth in user activity, with engagement and demand reaching new historical heights despite fading price strength. This surge in utility coincides with ADA completing a 'golden cross' on the two-hour chart, signaling potential technical momentum. Market participants are now weighing the impact of record-high network demand against the ongoing fiscal disputes between Hoskinson and the Cardano Foundation. The convergence of governance shifts and unprecedented on-chain activity suggests a critical juncture for the ecosystem's long-term value and resource allocation strategy.