Hoskinson says he has no official role in Cardano as ADA sits 92% below its peak
- —Hoskinson says he holds no official role in the Cardano network, only CEO of IOG
- —Cardano DReps rejected a 12.29 million ADA treasury request for an IOG-backed Bitcoin DeFi product
- —NIGHT token rallied 86% in 48 hours amid Hoskinson's marketing push
- —ADA trades 92% below its all-time high
Why it matters: The dispute over Hoskinson's role highlights ADA's weak price performance and IOG's shift of focus toward other projects such as Midnight.
Source: The Cryptonomist (IT)