Latest Update
7/27/2026 8:24:00 PM
Cardano: Dave Abstains on Blockfrost Treasury Vote
Cardano: @ItsDave_ADA abstains with 72.35M ADA on 9.83M ADA Blockfrost not-for-profit treasury withdrawal amid governance debate.
Analysis
Cardano delegate @ItsDave_ADA cast an ABSTAIN vote using 72.35 million ADA on the treasury withdrawal proposal for Blockfrost‘s shift to not-for-profit status, citing the 9.83 million ADA ask as too large while praising team transparency on staff costs and transition plans. The move reflects ongoing Cardano treasury withdrawal governance process Blockfrost scrutiny, where the API provider’s foundational role in developer tooling and SDK support across languages continues to draw ecosystem funding history attention despite alternatives like Koios. ADA price prediction models now factor this governance friction as price sits at $0.16 inside Bollinger Bands with EMA50 and EMA200 both at $0.17 acting as resistance, RSI at 33.91 showing neutral momentum and MACD death cross confirming bearish structure, suggesting any relief rally will likely stall at upper band resistance before retesting lower support at $0.16.
CardanogovernanceADATreasuryBlockfrost
Cardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.
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