Cardano’s Key Upgrade on the Horizon: ADA Poised for a $1 Bounce

By: crypto economy|2025/05/13 23:45:05

TL;DRBrave added native support for Cardano (ADA) in its integrated wallet, enabling direct sending and receiving of tokens through the browser.Charles Hoskinson teased upcoming network updates for summer and fall, with Midnight as the central upgrade focused on privacy and scalability.ADA surged 22% over the week, corrected 3%, and is trading at $0.795, with $1.42 billion in volume and an RSI of 61, still showing bullish momentum.Cardano is back in the spotlight after announcing a key integration and hinting at upgrades that could drive the value of its ADA token higher in the coming months.The news is that Brave, the browser with over 70 million users, added support for ADA in its built-in crypto wallet. This immediately triggered a reaction from the community. From now on, Brave users can send and receive ADA natively through the browser.Update SeasonCardano founder Charles Hoskinson took the opportunity to suggest this is only the first step in a series of updates scheduled for summer and fall 2025. Without giving away specific details, he hinted that VPN and advertising companies could be affected by these new integrations. Hoskinson further fueled expectations around the Midnight project, an upgrade centered on privacy and scalability that’s shaping up to be a key piece of Cardano’s next phase.After a 22% rally last week, ADA corrected 3% over the last 24 hours and is trading around $0.795. Despite the dip, analysts and traders don’t see this as a warning sign but rather a healthy adjustment after a sustained rally. In fact, the price already broke through the $0.72 and $0.75 levels and is now approaching $0.786 — an important zone that, if breached, could clear the way toward $0.86 and potentially $1.Cardano (ADA) Performance and Technical IndicatorsAnother important factor is trading volume, which fell 15% in the last 24 hours to $1.42 billion. Even with lower activity, volume remains at levels that show strong interest from both retail investors and whales, keeping alive the potential for more upward moves. Additionally, the RSI indicator stands at 61, a level that points to ongoing buying momentum without signs of overbought conditions.If Cardano (ADA) fails to break its current resistance, the nearest support levels are at $0.72 and $0.67. Its performance in the coming days will depend on the token’s ability to maintain trading volume and confirm a breakout through key price zones

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.