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Cardano (ADA) has recorded its first positive September since its 2017 launch. The curse is broken and ADA gained nearly 8% last month. This marks a significant shift for ADA, potentially signaling an extended rally in October. Data from Cryptorank confirms this unprecedented September performance. Crypto analyst Plutus suggests ADA could mirror Bitcoin's monthly returns. "Looser monetary policy is starting to take effect," Plutus noted. This could drive positive returns in coming months. Bitcoin historically thrives in the fourth quarter. October has been particularly strong, with only two negative months since 2013. In a stark contrast, ADA's past Octobers have been weak, but current monetary easing policies may change this pattern. The US Federal Reserve's rate cuts and China's stimulus package contributed to ADA's September gains and could fuel further growth. Cardano posted double-digit gains in Q4 2023. Similar performance this year could push ADA above $1, setting a new yearly high. From a technical standpoint, Plutus highlighted bullish indicators. The current Heikin Ashi monthly candle is green, suggesting a directional change. Cardano's fundamentals also appear strong. Its privacy protocol, Midnight Network, recently launched on testnet, aiming to protect user data in decentralized applications. It could attract more users to the Cardano network. Cardano is transitioning to its Voltaire era, focusing on community-driven governance. This move reinforces its position as one of the most decentralized networks. Despite these positive signals, ADA still faces challenges. The asset currently shows a year-to-date loss of nearly 40%. Investors will be watching closely to see if Cardano's September momentum carries into a strong fourth quarter performance.

Cardano founder Charles Hoskinson has launched a scathing critique of Ethereum's governance model. He claims the network operates like a "dictatorship" under the outsized influence of co-founder Vitalik Buterin. Hoskinson made these scandalous remarks during an interview in Singapore. He argued that Ethereum's development relies too heavily on Buterin's direction. "Everybody looks to him for the roadmap," Hoskinson said. "Everybody looks to him for inspiration, and he's also the only person who has enough power to rally people." The Cardano founder questioned Ethereum's ability to make decisions without Buterin. He pointed to recent shifts in Ethereum's scalability strategy as evidence of Buterin's influence and highlighted Ethereum's move away from sharding-based optimization. The network now focuses on rollups and layer-2 networks for scalability. "Where does this idea of embracing layer 2s come from, or rollups come from?" Hoskinson asked. "Was it some random Ethereum engineer — or was it Vitalik Buterin writing a blog post about it, talking about it, and advocating for it?" As one could expect, Hoskinson contrasted Ethereum's approach with Cardano's new governance model. He claims it solves the "governance trilemma" of efficiency, effectiveness, and integrity. Cardano's recent Chang hard fork transformed ADA into a governance token, which allows holders to elect representatives and vote on development proposals. "If you have those three things, then you have a fair shot of avoiding the anarchy of Bitcoin or the dictatorship of Ethereum," Hoskinson stated. "You actually have something that can move forward with one voice, but it's still decentralized at the end of the day because it represents everybody." Hoskinson acknowledged his own influential role in Cardano's development since 2015. However, he insists the new governance model ensures the network's continued innovation, with or without his involvement. The Cardano founder was previously involved with Ethereum. He served as one of eight original co-founders and CEO before departing in 2014 due to disagreements over the project's direction. He obviously sees things in a dark way till now. Although Hoskinson believes Ethereum is heavily influenced by Buterin’s vision, most of Ethereum fans would disagree. According to CoinTelegraph's Tom Mitchelhill, Buterin does not wield unilateral power in the decentralized network. The blockchain uses a mix of offchain and onchain governance that includes the Ethereum Foundation and community and stakeholder input into Ethereum Improvement Protocols. The most critical decisions are taken at core developer meetings. Contentious decisions can result in a hard fork, such as The DAO hack rollback that resulted in Ethereum Classic.

XRP, Solana, Bitcoin and Litecoin see inflows from investors, while Ethereum continued its outflow trend. Digital asset investment products saw inflows of $321 million last week. This marks the second consecutive week of positive flows. The trend reflects strong investment interest, particularly in the United States. The Federal Open Market Committee's decision to cut interest rates by 50 basis points fueled this interest. As a result, crypto fund assets under management grew by 9%. Bitcoin led with $284 million in inflows. Notably, short Bitcoin products attracted $5.1 million, this suggests some investors are hedging against potential downside risks. Ethereum continued its outflow trend for a fifth consecutive week. Outflows totaled $28.5 million last week. The Grayscale Ethereum Trust largely drove this trend. Month-to-date outflows for Ethereum now stand at $145.7 million. XRP saw inflows of $0.1 million, this coincided with the launch of Grayscale's XRP trust. Solana maintained its appeal with $3.2 million in inflows. Litecoin also saw modest inflows of $0.1 million. Multi-asset investment products attracted $54.2 million, this effectively offset Ethereum's outflows. Cardano-based products, however, experienced $0.2 million in outflows. The crypto industry appears to be entering a bullish phase, recent multi-month corrections seem to be ending. Bitcoin, supported by key on-chain metrics, looks primed for a bull run. The prospect of further Fed interest rate cuts adds to this optimism. Institutional interest is crucial for the upcoming bull run. Large inflows from these investors will likely boost Bitcoin's price. This could lead to corresponding inflows into altcoins, and Ethereum may finally start attracting institutional inflows in the coming weeks. The diverse trends among altcoins highlight the varying strategies employed by institutional investors. As the market evolves, these preferences may continue to shift, reflecting the dynamic nature of the cryptocurrency landscape.

Cardano is set for a major governance overhaul. The change comes with the upcoming Chang hard fork. It's got ADA holders on edge. Charles Hoskinson, Cardano's founder, has stepped in to clear the air. He's laid out the options for withdrawing staking rewards post-fork. The clarification follows growing unease among ADA holders. Concerns first surfaced when Linda, a Stake Pool Operator, sounded the alarm. She warned that users might need to delegate to a DRep to access rewards. Hoskinson was quick to respond. "Users have three choices," he stated. They can vote no confidence, abstain, or delegate to a DRep. Lace, a wallet, will default to abstain if users only select delegation. It's meant to simplify things. But there's a catch. Abstaining isn't passive. It requires action. Hoskinson confirmed this in a follow-up tweet. ADA holders must make active decisions in the new system. Some users aren't thrilled. Jacob, posting on X, expressed distrust in the new DRep roles. He fears "influencer DReps" might drain the treasury. Hoskinson reassured skeptics. "That's why that option is there," he said. Users can even vote no confidence in the entire system. It's a built-in safeguard. The Chang hard fork introduces significant changes. These are outlined in Cardano Improvement Proposal (CIP-1694). It details four governance roles: General ADA holders, Delegated Representatives (DReps), Stake Pool Operators (SPOs), and the Constitutional Committee. General ADA holders form the network's backbone. They can engage directly or delegate to DReps. DReps vote on behalf of others. They're expected to understand proposals deeply. SPOs maintain the blockchain's infrastructure. Under the new model, they can submit proposals and vote on actions. The Constitutional Committee ensures governance aligns with network principles. It's a lot to take in. But for ADA holders, understanding these changes is crucial. The new system aims for more democratic governance. Whether it delivers remains to be seen.

Cardano is gearing up for its biggest upgrade in two years. The "Chang hard fork" will reshape the network's structure. It'll introduce on-chain governance features. Cardano launched in 2017. Ethereum co-founder Charles Hoskinson created it. Now the biggest upgrade of the network was set for this week. But Hoskinson pushed it back to September 1. "The magic of deadlines is that people who aren't taking upgrades seriously suddenly say damn we got to get moving," Hoskinson wrote on X. Some exchanges needed more prep time. Binance was one of them. The delay's got folks talking. Cardano's not the biggest player in town. It ranks 30th by DeFILlama's standards. But crypto circles keep a close eye on it. Hoskinson's a bit of a celebrity in the space. He's all over videos and podcasts. A hard fork's a big deal in blockchain. It invalidates older versions. Sometimes it causes drama. Often it's planned. This one's bringing major changes for users and devs. The upgrade's main gig? On-chain governance. ADA token holders will elect representatives. They'll vote on proposals and technical changes. It's a whole new ballgame. "This will mark the first step towards a minimum-viable community-run governance structure," the Cardano Foundation said. They're pretty stoked about it. Cardano's got a history of taking its sweet time. It added smart contracts back in 2021. That was a game-changer. Now, it's pushing the envelope again. The project's been a dark horse in crypto. Some call it the "Ethereum killer". Others say it's all hype. But Cardano's stuck to its guns. It's focused on peer-reviewed research and gradual development. This upgrade's part of the Voltaire Era. It's the final stage of Cardano's roadmap. The goal? A self-sustaining system. No training wheels needed. CIP-1694's at the heart of it all. It's introducing new governing structures. There's a Constitutional Committee, delegate reps, and stake pool operators. Once it's live, the community's in charge. Cardano's aiming to shake things up. It wants to prove that slow and steady wins the race. The Chang fork could be its make-or-break moment. For the crypto market, Cardano's move is significant. It's pushing the boundaries of decentralized governance. If it works, other projects might follow suit. But it's not all smooth sailing. Critics say Cardano's too academic. They argue it's lost ground to faster-moving competitors. The project's betting big on this upgrade to silence the naysayers. In the end, it's a bold move. Cardano's putting its fate in the community's hands. It's either gonna be a massive flop or a game-changer for the whole industry. Only time will tell.