Solana Co-Founder Criticizes Cardano’s Proposal to Convert $100 Million into Bitcoin

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Solana Labs co-founder Anatoly Yakovenko criticized Cardano's proposal to convert 100 million dollars worth of ADA from its treasury into Bitcoin and stablecoins as "stupid", arguing that it reflects poor financial management and could potentially undermine community confidence in ADA. Cardano founder Charles Hoskinson responded that the strategy aims to strengthen stablecoin and DeFi infrastructure, with plans to submit a formal proposal at Rare Evo. (CryptoSlate)

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