Cardano Surges 4.122% as New Exchange Listing Boosts Liquidity

Cardano's latest price was $0.7372, up 4.122% in the last 24 hours. The cryptocurrency has recently garnered significant attention in the cryptocurrency community due to several key developments. On July 13, the cryptocurrency briefly surpassed a resistance zone at $0.74, which had previously capped its price for weeks. This breakout sparked optimism among analysts and traders, with some suggesting a potential run toward $1.20. Leading crypto analyst Ali Martinez highlighted that this development opened the door for a rally to $0.90–$1.20. His analysis was supported by another analyst, CryptoJelleNL, who noted that Cardano was lifting out of its range and forming higher lows. These updates sparked fresh interest across the crypto community, with ADA briefly touching $0.47 during the day, marking one of its strongest sessions in recent weeks.

In a related development, the crypto exchange Bitrue announced the launch of a new ADA/USD1 trading pair on July 13. This listing, which has ties to World Liberty Financial and the Trump Family, allows users to trade Cardano directly against the US dollar-pegged stablecoin, providing more flexibility for traders. The ADA/USD1 pair is now available for spot trading on the platform, offering traders another option beyond BTC or ETH pairs, which can sometimes complicate trades due to price swings. This move by Bitrue is expected to support liquidity over time, potentially attracting new users and increasing trading volume, which could benefit the Cardano ecosystem in the long term.

Behind the price action and exchange listings, Cardano’s broader ecosystem has remained active. Developers are working on features aimed at improving scalability, such as the Hydra upgrade, and supporting the growth of decentralized applications. Several projects on Cardano have continued to build through the bear market, contributing to a stable base of activity. The ongoing work within the network plays a key role in shaping investor expectations and maintaining confidence in the project, even during periods of price weakness.

The Cardano Foundation has introduced Reeve, an enterprise-grade blockchain platform designed to enhance transparency and verifiability within financial reporting systems. Targeting financial professionals, NGOs, public institutions, and any organization where data integrity and stakeholder confidence are critical, Reeve integrates with existing enterprise resource planning (ERP) systems. It provides a supplemental blockchain trust layer, aiming to create tamper-resistant records, improve data accuracy, and enhance audit readiness without disrupting established workflows.

Built on the Cardano blockchain, Reeve delivers verifiable security and offers real-time access to immutable transaction data. The platform addresses challenges inherent in traditional, siloed ERP systems by enabling enhanced traceability of financial statements and transactions while preserving internal controls. This integration reduces operational friction associated with complex audits, internal approvals, and recurring sustainability reviews, potentially lowering the time and cost of compliance procedures. Crucially, Reeve's cryptographic verification establishes a standard of data integrity resistant to retrospective manipulation.

The Cardano Foundation is actively seeking implementation partnerships, positioning Reeve as a flexible compliance solution applicable across sectors like ESG reporting and NGO donor transparency. This initiative reflects a broader shift towards real-time, verifiable accountability in financial practices. By focusing on permissioned blockchain infrastructure integrated with legacy systems, Reeve aims to become an embedded component supporting modern financial transparency demands, offering a strategic advantage to organizations navigating increasing regulatory scrutiny and multi-jurisdictional compliance requirements.