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ADA Delegate Backs Bitcoin DeFi Bridge with 72M Votes

Guavy AI Editorial Team
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On August 2, 2026, @ItsDave_ADA, an ADA delegate, cast 72.45 million votes in favor of three Cardano treasury withdrawals, including the Bifrost Bitcoin-Cardano bridge Phase 1.

The goal is to create reusable DeFi infrastructure and JVM developer tools ahead of the Dijkstra hard fork.

This move recognizes the original team behind Bitcoin DeFi on Cardano. A healthy retracement in ADA's price seems probable before continuation, as it tests upper Bollinger Band resistance at $0.19 while RSI(14) prints 79.55 in overbought territory.

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