CryptoBearishBlockonomi · 3h ago7/10
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Cardano Summit 2026 Canceled After Treasury Vote Falls Short of Supermajority
Cardano's planned 2026 Summit failed to secure funding after a treasury vote achieved 65.21% support, falling short of the required 66.67% supermajority threshold. Despite a revised proposal reducing the budget from 14.07M to 7.8M ADA with enhanced oversight measures, the stake-weighted voting mechanism resulted in rejection despite majority DRep approval.
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