Ethereum News Today: Cardano ADA Eyes $1 As Ethereum ETF Approval Odds Hit 79-84%

Cardano (ADA) is showing signs of a potential rebound as it approaches the $0.72 level, with analysts suggesting it could reclaim the $1 threshold amid growing optimism over the approval of a spot Ethereum ETF in the U.S. Institutional inflows into the crypto market have further bolstered sentiment, with some experts estimating a 79–84% chance of ETF approval. These developments have contributed to bullish expectations for ADA, with projections suggesting it could reach $1.00 in the near term and potentially surge to $1.30–$1.80 by 2025 [1].

Alongside ADA’s upward trajectory, Mutuum Finance (MUTM) is also gaining attention, with analysts forecasting a price climb toward $5. The project is currently in Phase 6 of its presale at $0.035, with existing investors potentially seeing a 71.43% return if the token launches at $0.06. Over $14 million has already been raised in the presale, with more than 14,800 investors participating. The price is set to increase to $0.04 in Phase 7, representing a 14.29% jump from the current level [2].

Mutuum Finance is also enhancing its security with an official bug bounty program supported by CertiK. Users can earn rewards in USDT for reporting critical vulnerabilities, with the initiative covering four severity levels. This move underscores the project’s commitment to transparency and security as it builds its decentralized lending platform. The platform combines Peer-to-Contract (P2C) and Peer-to-Peer (P2P) models to offer users maximum control over their assets, reducing volatility and economic risk for lenders [2].

In addition, Mutuum Finance has launched a $100,000 giveaway in MUTM tokens, further increasing its visibility among investors. The project has positioned itself as a decentralized lending revolution, aiming to reduce the role of intermediaries and enable direct lending, particularly for volatile assets like meme coins [2].

Cardano recently received a major boost with the approval of a $70 million treasury grant aimed at improving interoperability and scalability across its network. This initiative is expected to enhance the platform’s infrastructure and competitiveness within the broader blockchain ecosystem [3].

While both Cardano and Mutuum Finance are benefiting from the same tailwinds—ETF optimism and institutional inflows—their paths to potential price appreciation differ. ADA’s trajectory depends largely on macroeconomic conditions and regulatory developments, while MUTM’s prospects are closely tied to its presale progress and platform adoption. As both projects continue to gain traction, they represent key plays in what could be a pivotal period for crypto markets in 2025.

Sources:

[1] Mitrade - https://www.mitrade.com/insights/news/live-news/article-3-1015141-20250806

[2] CoinMarketCap - https://coinmarketcap.com/community/articles/6892b4b5e7f3761419060161/

[3] Facebook - https://www.facebook.com/groups/CardanoCommunity/posts/cardano-community-approves-70m-treasury-grant-to-boost-interoperability-scalabil/2190346628056450/