According to @ItsDave_ADA, he cast a NO vote with 37.71 million ADA on the Cardano governance action titled "DeltaDeFi: Hydra Trading Infrastructure Budget (1,500,000 ADA)" on January 12, 2026, acting on behalf of his delegates. Source: https://twitter.com/ItsDave_ADA/status/2010699440944738368 He stated he supports Hydra development but opposes using the Cardano Treasury to subsidize operational costs of an individual commercial DEX by 1.5 million ADA. Source: https://twitter.com/ItsDave_ADA/status/2010699440944738368 He added that such projects should seek funding via Project Catalyst or private venture capital and that treasury funds should be reserved for neutral, protocol-level public goods rather than picking winners in the competitive DEX market. Source: https://twitter.com/ItsDave_ADA/status/2010699440944738368 He linked a transaction reference for the vote to ADAstat. Source: https://adastat.net/transactions/79bab53fe9f84e61127371e7ba725958554ae45e6bc3cd399d24fd87afeca3da

According to CoinMarketCap, last week’s top crypto fundraising totaled about $65.6 million across seven deals, led by Architect_Fi with $35.0 million in perpetuals and Kontigo with $20.0 million in neobank services, according to CoinMarketCap. CoinMarketCap reported that perpetuals-focused projects secured $37.0 million, or roughly 56% of the disclosed total based on CoinMarketCap’s figures. CoinMarketCap listed the remaining rounds as Coinbax $4.2 million for payments, easydotfunx $2.0 million for DEX and perpetuals, HodlherAI $1.5 million for AI agents, Userocket $1.5 million for prediction markets, and Nodu $1.4 million, according to CoinMarketCap. Based on CoinMarketCap’s breakdown, funding was concentrated in derivatives, DEX infrastructure, and trading utilities, according to CoinMarketCap.