Jem Lac

🚨 BIG NEWS FOR THE ADA COMMUNITY The crypto event calendar just took a major hit. The Cardano Foundation has officially called off the Cardano 2026 Summit in Singapore. Binance Here is the quick breakdown of what went down: 🛑 The Treasury Vote: The Foundation requested a revised budget of 7.8M ADA (~$2M USD) from the decentralized treasury to fund the flagship event. Binance 📉 Missed by a Whisker: The proposal needed a strict 66.67% supermajority from Delegated Representatives (DReps) to pass. It pulled in an impressive 65.21% but ultimately fell short. BingX 🗳️ True Decentralization: Despite public backing from founder Charles Hoskinson and CEO Frederik Gregaard, the on-chain governance system proved that the community has the final say on capital spending. Binance The Silver Lining? 🌏 While the standalone summit is out, the ecosystem isn't skipping Asia this autumn! Thanks to EMURGO’s successful proposal, Cardano will still maintain a massive presence at TOKEN2049 in Singapore. BingX What do you think? Was the community right to protect the treasury, or did we lose a massive marketing opportunity? Drop your thoughts below! 👇 $ADA #Cardano2026SummitCanceled #Web3 #BinanceSquareFamily #CryptoNews