Bitcoin News Today: Cardano ADA Price Surges 5% on Treasury Approval and Cross-Chain Innovation

Cardano (ADA) is currently attracting renewed investor attention due to a convergence of strategic developments that may signal a potential price uptick. Analysts have highlighted three key factors contributing to this growing optimism: Bitcoin integration and cross-chain expansion, the launch of the Midnight privacy-focused sidechain, and increasing institutional adoption.

The BitcoinOS initiative represents a significant leap forward in Cardano’s interoperability, enabling seamless asset movement between the Cardano and Bitcoin networks. By leveraging the shared UTXO model, the platform has effectively bridged $1.5 trillion in liquidity. A live demonstration at Consensys 2025 showcased the ability to move Bitcoin through the Cardano network using zero-knowledge proofs, a feature that enhances privacy and security. Additionally, the launch of Cardinal—the first Bitcoin DeFi protocol on Cardano—has introduced noncustodial lending and staking capabilities, expanding the utility of ADA [1].

Privacy is another cornerstone of Cardano’s evolution, with the upcoming launch of the Midnight sidechain set to introduce zero-knowledge proofs and private smart contracts. This development addresses the growing institutional demand for secure and confidential transactions. The sidechain also supports cross-chain interactions, allowing developers to pay and earn fees using native tokens from other blockchain ecosystems. Over 1,000 developers are already engaged in the Midnight devnet, indicating a strong foundation for future adoption [1].

Complementing the Midnight launch is the “Glacier Airdrop,” which will distribute 24 billion $NIGHT tokens across 37 million eligible wallets. The airdrop, which was initially slated for July, has been delayed and is now expected to begin before November 2025. Eligible participants must hold a minimum of $100 in each of the eight specified tokens in self-custody wallets. Tokens will be unlocked in 90-day intervals over a 365-day period, reinforcing a long-term distribution strategy [1]. The airdrop is expected to be announced at the Rare Evo conference in Las Vegas.

Institutional interest in Cardano has also been steadily increasing, with $73 million in institutional inflows recorded year-to-date. This has positioned ADA among the top five blockchain platforms in terms of institutional investment. The recent filing of the Grayscale Cardano Trust (GADA), the first U.S. Cardano spot ETF, has further boosted market confidence. Analysts on Polymarket have assigned an 83% probability of approval by October 22, 2025 [2]. The emergence of U.S. futures markets for ADA on major exchanges like Coinbase and Binance signals a broader path toward mainstream adoption and regulatory acceptance.

ADA’s price has shown early signs of a bullish reversal, with a 5% surge following the approval of a major treasury proposal [4]. While some analysts caution about short-term volatility and potential pullbacks, the combination of airdrop anticipation, institutional inflows, and cross-chain innovation suggests a strong foundation for continued growth. With the Midnight sidechain and associated airdrop driving both developer engagement and user adoption, Cardano appears to be strategically positioned for a potential price pump in the months ahead.

Source:

[1] 3 Reasons Why Cardano ADA is READY TO PUMP? – Altcoin Buzz, https://www.altcoinbuzz.io/reviews/3-reasons-why-cardano-ada-is-ready-to-pump/

[4] Cardano (ADA) Price: Surges as Midnight Airdrop Hype ... – CoinCentral, https://coincentral.com/cardano-ada-price-surges-as-midnight-airdrop-hype-meets-71m-funding-injection/