ADA: DRep Backs Bitcoin DeFi Bridge With 72M Votes
ADA DRep deploys 72.45 million voting power to approve Dano Finance, Scalus and Bifrost Bitcoin DeFi proposals on Cardano.
SourceAnalysis
ADA delegate @ItsDave_ADA cast 72.45 million voting power in favor of three Cardano treasury withdrawals on August 2 2026, including the Bifrost Bitcoin-Cardano bridge Phase 1, Dano Finance Global Order Book and Scalus 2026 tooling.
The votes target reusable DeFi infrastructure and JVM developer tools ahead of the Dijkstra hard fork while recognizing the original team behind Bitcoin DeFi on Cardano.
With ADA price at $0.19 testing upper Bollinger Band resistance at $0.19 while RSI(14) prints 79.55 in overbought territory, a healthy retracement to the EMA50 support at $0.17 looks probable before continuation; the MACD golden cross at 0.01 keeps the broader bullish structure intact above the $0.16 lower band.
Dave
@ItsDave_ADACardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.
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